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Sri Lanka’s Inflation Drops to -4.0% in January 2025

The overall rate of inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI), decreased to -4.0% in January 2025 on...

CEB advances Maha Oya Pumped Storage hydropower project

As the global energy landscape shifts toward sustainability, Sri Lanka is taking a significant step forward with its pioneering Maha Oya Pumped Storage Hydropower...

Sri Lanka Proposes Local Currency Transactions with Maldives 

Sri Lanka has urged the Maldives to consider using local currencies for cross-border transactions, Foreign Minister Vijitha Herath stated, following concerns from Sri Lankan...

India to Expand Presence in Sri Lanka’s Critical Mineral Mining Sector

Several major Indian corporations are set to enter Sri Lanka’s critical mineral mining sector, leveraging the country’s newly introduced national mineral policy. This policy...

COPE Launches Probe into National Youth Services Council Irregularities

The National Youth Services Council (NYSC) and its affiliated institutions are under scrutiny following revelations of financial mismanagement and irregularities.  The Committee on Public Enterprises...

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