COLOMBO (News 1st): Hot on the heels, of our coverage of Peoples Bank's ever-increasing non-performing loan portfolio, details have emerged of the declining profitability of the People's Bank group. The state-run Peoples Bank group which includes a leasing unit amongst its assets posted a net profit...

Colombo (News 1st): Senior Banker Rusiripala Tennakoon expressing his views on Face the Nation program yesterday (March 12) noted that the IMF has failed to realize that the non-performing portfolio of the state banks will be in a worse situation in 2-3 months time. He noted that by having to fin...

Colombo (News 1st) - Sri Lanka Police which was controlled by the Ministry of Law and Order has been moved under the purview of the Minister of Defense. A gazette notification announcing the distribution of subjects for respective ministers notes that 17 government bodies including the 03 armed f...

Colombo (News1st): Two firearms were stolen from a state bank at the Gonapala junction in Moragahahena. According to the Police, the suspects have not yet been identified. The police added that the robbers had entered the bank last night (October 06) by digging a hole on a side wall of the bank. ...

Colombo (News1st) - Prime Minister Ranil Wickremesinghe made a thought-provoking statement in Kegalle on Sunday (Aug 19th). He stated that the current government is one that gets the job done instead of just speaking about it or making spectacles out of the work that they accomplish. He claimed t...