The former Chairman of SriLankan Airlines Nishantha Wickramasinghe today (28) appeared before the Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC).

A bail application has been filed at Homagama Magistrate's Court for Ven Galagoda Aththe Gnanasara Thera who was remanded over contempt of court.

Rail transportation is the backbone of any economy, says Shyam Lal Gupta, the country representative of the Indian Railways’ construction company - IRCON International.

While calling on his countrymen who are illegally staying in Kuwait to turn themselves over to the authorities, the Sri Lankan ambassador to Kuwait noted that the current partial amnesty is not attractive enough to convince expatriates to take advantage of it. “When we communicate with our people, especially those who call with regards to the amnesty, they don’t seem to be convinced,” said Kandeepan Bala.

Sri Lankan stocks fell for a third straight session on Wednesday to a one-week closing low amid foreign outflow as investors worried over volatile global markets and rising returns on risk-free assets.