Madush leads STF to hidden firearm in Negombo

Sri Lanka seeks to send more workers to S. Korea

Sri Lanka expressed hope Friday that it would be able to send more workers to South Korea as the two countries develop their ties in a wide range of fields, Seoul’s Foreign Ministry said, according to the Yonhap. Sri Lankan Foreign Minister Mangala Samaraweera and the country’s minister of foreign employment promotion and welfare, Thalatha Atukorale, delivered the message during talks with South Korean Foreign Minister Yun Byung-se in Seoul, the ministry said in a press release. More than 42,0

11 Mar, 2016

S&P cuts Sri Lanka outlook to negative on funding pressures

Standard & Poor?s cut Sri Lanka?s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings lowered its credit ratings, Bloomberg reported. S&P affirmed the island nation?s B+ long-term and B short-term sovereign ratings, saying robust economic growth prospects are countered by high government debt at 72 percent of gross domestic product. It predicts Sri Lanka?s trade deficit will balloon to 11.4 percent of GDP in 2016 from 10.2 per

10 Mar, 2016

Uduwe Dhammaloka granted bail for illegal possession of elephant

The venerable?Uduwe Dhammaloka thero, who was arrested this week for the illegal possession of an elephant calf, was released on bail today. The?Attorney General (AG) had earlier given the?clearance to arrest the monk. The monk was arrested on Wednesday. The CID has been conducting the investigations on the monk?and the case had been called several times and the files were sent to the AG. However with the former AG retiring, there was a delay in obtaining clearance to arrest the monk till the

11 Mar, 2016