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Shiranthi Rajapaksa’s first heart surgery successful

The first heart surgery performed on former First Lady Shiranthi Rajapaksa has been successful, family sources said. The procedure was carried out following an emergency...

New Oil Shock will soon stress Sri Lanka beyond the brink

Joseph G The latest market reports put Brent crude at approximately US$117 per barrel, following renewed attacks and concerns about Middle Eastern supply disruptions. Let's take...

One Year without Trial? Detention Powers Raise Alarms

Sri Lanka’s proposed Prevention of Organised Crimes Bill (OCB) has opened a troubling debate over how far the executive should be permitted to go...

Productive Sectors Lose Credit Share as Economic Recovery Faces Questions

Sri Lanka’s latest banking statistics reveal a significant change in the allocation of private-sector credit: personal borrowing and pawning are expanding rapidly, while credit...

NDB’s Rs. 13.64 Billion Fraud Tests Bank’s Financial Resilience

National Development Bank PLC (NDB) has reported a recovery in profitability despite absorbing the financial consequences of a massive internal fraud amounting to approximately...

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