About two weeks ago on 26 July, Archbishop of Colombo, Malcolm Cardinal Ranjith, was quoted in media as saying, Buddhism being a philosophy historically linked to Sri Lanka there is no necessity in changing the preferential status given to Buddhism in the Constitution. The issue of religion and Buddhism in the Constitution often seem to gather undue importance with unwanted comments from privileged personalities who seem to lack common sense.

Sri Lanka will soon reach an agreement with Russia to get  a new credit line of US$ 300 - 400 million from that country  to buy military equipment for the armed forces and the Sri Lanka police. The deal is to be finalized following the ongoing discussions between the Russian authorities and the SrIlankan embassy officials in Russia, government sources said.

Sri Lanka’s cash-strapped national carrier, the SriLankan Airlines crew will operate its new Airbus aircraft leased out to Pakistan International Airlines (PIA) to and from European destinations from London, official sources said.

Edirisinghe Brothers (Pvt) Ltd. (EBL) has announced the opening of Hybrid Hub; a purpose-built facility for the testing, conditioning and rebuilding of batteries for Hybrid Electric Vehicles (HEV) - the only such facility in Sri Lanka.

Senkadagala Finance company’s  debenture issue is to hit  senior unsecured redeemable debentures of up to Rs 3bn, a leading rating agency Fitch revealed.