The Singaporean authorities have cited inability to extradite former Central Bank Governor Arjun Mahendran to Sri Lanka in terms of the legal system of that country, posing a fresh challenge for the government in its attempt to investigate the bond scam which caused a loss of Rs.10 billion in 2015informed sources revealed.
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Hamas handed over the bodies of four Israeli hostages while it waited for hundreds of Palestinian prisoners to be released by Israel in return, in an overnight exchange marking the final swap as part of a fragile truce in Gaza.
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The debate on the Committee Stage or the Third Reading of the 2025 Appropriation Bill, or the 79th Budget Speech, is scheduled to kick off today (Feb. 27) in parliament.
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The government has announced that it is in the final stages of auctioning of all luxury and high-engine capacity vehicles on the open market, which have become a substantial non-financial burden on state institutions, as reported to the Sunday Times.
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe urged the banking sector to prepare for Sri Lanka’s third Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) framework evaluation, warning that a negative listing in the assessment could severely undermine the country’s economic progress.
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A leading business magazine says that “business confidence has nudged up to match its all-time high amid multiple sensitivities.”
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Sri Lanka’s Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath says that Sri Lanka supports legally binding Negative Security Assurances for non-nuclear states and advocates for the establishment of Nuclear Weapon-Free Zones, particularly in the Middle East.
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The Government Nursing Officers’ Association has decided to stage a demonstration in front of government hospitals across the island during the lunch hour today (27).The demonstration is being held in protest against ‘arbitrary cuts to allowances’ in the 2025 Budget.
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Sri Lanka’s export sector kicked off 2025 on a positive note, with total exports crossing US$ 1.3 billion in January, marking a 7.5 percent year-on-year (YoY) increase, data from the Export Development Board (EDB) showed.
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The Finance Ministry this week invited Expressions of Interest (EOIs) from consultancy firms to conduct a needs assessment to initiate a Trade National Single Window (TNSW) system to interconnect several government agencies engaged in international trade proceedings.
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