JXG IPO oversubscribed on opening day, raises Rs. 5 billion
JXG, the financial conglomerate comprising Janashakthi Insurance PLC, First Capital Holdings PLC, and Janashakthi Finance PLC, announced that its Initial Public Offering (IPO) was oversubscribed on the opening day, reflecting strong investor confidence. The IPO, which opened for subscription on…
Fort Railway Station renovation: PM stresses importance of public transport
A country without a developed public transport system cannot be considered a developed nation, Prime Minister Harini Amarasuriya said today (09), as she launched the project to modernize the Colombo Fort Railway Station. Speaking at the launch, PM Amarasuriya said…
6-month QR system for tea fertilizer distribution surpasses 2024/25 targets
The Ministry of Plantation and Rural Infrastructure reports that Sri Lanka’s new QR system for subsidized tea fertilizer has achieved remarkable progress within just six months since its launch on October 1. Compared to the 2024/2025 year, when only 84,472…
Schools told to avoid burdening parents with event expenses
The Ministry of Education has issued a directive to all principals, instructing them to minimize expenses when organizing school festivals and commemorations. The circular notes that despite earlier guidelines, some schools have continued to spend excessively on such programs, creating…
CoPF raises NDB fraud with Central Bank, flags governance lapses
The Committee on Public Finance (CoPF) has raised the alleged fraud at National Development Bank (NDB) with the Central Bank of Sri Lanka, expressing serious concern over possible lapses in corporate governance and regulatory oversight. The matter was taken up…
FINAB Partners with Singhagiri to Empower Sri Lanka’s Digital Lifestyle Through Smart Financing
Abans Finance PLC has officially launched FINAB, its innovative smart device financing solution, in partnership with Singhagiri (Pvt) Limited, one of Sri Lanka’s leading consumer electronics retailers. Through this collaboration, customers can now purchase smartphones and selected digital devices from…
Over 12,300 Sri Lankans die annually from Tobacco – IPS Sri Lanka
The Institute of Policy Studies of Sri Lanka (IPS) has highlighted the urgent need for stronger tobacco taxation, citing alarming figures on tobacco-related deaths. According to research by the World Health Organization (WHO), over 12,300 Sri Lankans die every year…
El Niño could trigger prolonged drought until September – Met Dept
The Department of Meteorology has warned that if El Niño conditions develop during the southwest monsoon season, Sri Lanka could face a prolonged drought lasting until September. Speaking at a media briefing held today (09), Additional Director General of Meteorology…
Easter attacks part of conspiracy since 2017, not isolated incident: Minister
Public Security Minister Ananda Wijepala today said investigations have revealed that the Easter Sunday attacks were not an isolated incident but part of a conspiracy that dates back to 2017. Speaking in Parliament today (09), the Minister noted that the…
Retired police officer arrested over Rs. 500 theft from case items
The Colombo South Division Criminal Investigation Department has arrested a retired Police Inspector in connection with the theft of Rs. 500 from case items at the Borella Police Station, it was reported. According to the Lankadeepa newspaper, an audit report…