JVP leaders addressing the protest rally held against the rising cost of living on Tuesday evening

The JVP held a protest march in Colombo on Tuesday evening against the rising cost of living

Sri Lanka Cricket denies match fixing and condemns the TV report

Sri Lanka cricket on Tuesday said the story carried out by the state run ITN Channel implying that two national cricketers might have engaged in match fixing is “baseless”.
Sri Lanka Cricket says the TV Channel in its program “Vimasuma” has stated that Sri Lanka has lost against Pakistan in their world cup encounter due to [...]

President visits the crash site of the two fighter jets

Sri Lankan President Mahinda Rajapaksa visited the crash site after two Kfir Fighter jets collided this morning.
The collusion has occurred between two Air force fighter jets during a training session conducted this morning.
One pilot has died while the other who has been managed to eject himself from the aircraft has survived with minor injuries.
The two [...]

February Inflation rise is owing to floods: Central Bank

Sri Lanka says its February inflation shot up to 7.8% compared to 6.8% remained in January is owing to the recent floods ,which it says  impacted major food producing areas.
The Central Bank issuing a statement said the floods resulted in both the crop destruction and transport dislocations thus creating a price increase in a number [...]

Lanka ORIX Finance Company’s credit outlook revised to negative

Fitch Ratings has revised Lanka ORIX Finance Company’s credit outlook to “Negative” from “Stable”.
Its National Long-term rating has been affirmed at ‘A-(lka)’.
Fitch says the Outlook revision reflects LOFIN’s weakened capitalization following rapid growth since the financial year ended 31st March 2009.
The Rating Agency says the rating may be downgraded in the absence of a sustained [...]

Senkadagala finance to list its shares

Senkadagala Finance Company Limited is planning to list 53.36 million of its ordinary voting shares on the Diri Savi Board of the CSE.
The Stock Exchange announced today that it has given its approval for this listing which will take place as a “way of introduction”.
This introduction will help existing shareholders of the company to sell [...]

Colombo Port bunkering facilities to be enhanced

Sri Lanka’s Colombo Port is planning to enhance the capacity of its “oil bank” in order to strengthen its bid to become a regional bunker oil hub.
Accordingly, the capacity of its Oil Bank will be increased to hold 95,000 metric tons of oil from the present level of 29,500 metric tons.
Already the Ports Authority is [...]