Fitch Ratings revised the outlook for Sri Lanka’s telecoms sector to stable from negative as the government’s new budget scrapped recurring taxes that could have diluted operators’ EBITDA margin by an average of 6-7 per cent.

Almost seven years after the end of Sri Lanka's decades-long civil war, the majority of former Tamil Tiger rebels are struggling to find jobs despite billions of dollars of extra investment in their regions.

Sri Lankan share index fell about 2 percent to near 19-month low on Monday due to rising yields and as investors sold their stocks to settle margin trading, brokers said.

The Ceylon Teachers Union (CTU) says that schools islandwide are violating ministry circulars by charging money to admit children to Grade one classes, inconveniencing parents.

A new national newspaper by the name of 'Mul Pituwa' is to hit the Sri Lankan newsstands from Jan. 31, 'Sri Lanka Mirror' learns.

The Delhi government on Sunday said that it has decided to waive user charges at all government hospitals from February 1 and would make available medicines and diagnostic tests free of cost, using the money “saved” from three flyover projects.

President Maithripala Sirisena has said Finance minister - Ravi Karunanayake has overlooked an request made by him.