News

WEATHER FORECAST FOR 08 OCTOBER 2026

Showers or thundershowers will occur in the most part of the island after 1.00 p.m. Heavy falls above 100 mm are likely at some...

25-Year-Old Arrested Over Alleged USD 25 Million Overseas Transfer Scheme

The Police Financial Crimes Investigation Division (FCID) has arrested a 25-year-old man from Wellampitiya for allegedly transferring approximately USD 25 million in foreign currency...

Ceylon Tea Faces Perfect Storm as Global Markets Fragment

Sri Lanka’s tea industry is entering a dangerous phase in which the traditional formula of production, Middle Eastern demand and established shipping routes is...

Cabinet Approves Rs. 30,000 Fertilizer Subsidy per Hectare for Maha Season

Cabinet has approved a fertilizer subsidy of Rs. 30,000 per hectare for paddy and other field crops cultivated during the 2026/2027 Maha season. The subsidy...

Islamic Finance Crosses $1 Billion, but Structural Barriers Persist

Sri Lanka’s Islamic finance industry has crossed the US$1 billion mark, but the milestone masks a deeper contradiction: an alternative financial system legally permitted...

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