News Room : Cabinet Approves Closure of 33 Non-Operational SOEs
The Cabinet has approved the formal closure of 33 state-owned enterprises that are currently non-operational. These enterprises, established in the past to provide public services and promote strategic economic activities, no longer align with their original objectives and fail to meet current market demands. Many have become inactive due to practical irrelevance, poor financial performance, or inefficiency. Rather than continuing...
News Room : Government Postpones 18% VAT on Non-Resident Digital Services
The Cabinet has granted approval to postpone the implementation of Value Added Tax (VAT) on digital services supplied by non-resident providers. Originally, under the Value Added Tax (Amendment) Act No. 4 of 2025, VAT on digital services provided by non-residents was scheduled to take effect from 1 October 2025. However, several practical considerations were raised by non-resident digital service providers,...
News Room : Actress–Teacher’s Emotional Tribute to Students Goes Viral After Scholarship Results
With the release of the 2025 Grade 5 Scholarship Examination results, a heartfelt video shared by teacher and actress Lochana Isurindi has captured widespread attention on social media. In her message, Lochana reflected on the journey of five students she taught over the past three years, expressing her pride in their achievements despite numerous challenges. She shared that her students...
News Room : Lisbon in shock after funicular crash leaves 15 dead
Portugal is in shock after 15 people lost their lives in the derailment of the 140-year-old Gloria funicular, a major tourist attraction in the capital Lisbon. Another 18 people were taken to hospital, five of them in a serious condition, according to the emergency services. Foreign nationals were among those killed in the crash, which took place around 18:05, although nationalities...
News Room : Litton scores 73 in wet finish to T20I series
Scott Edwards finally won the toss and wanted Netherlands’ bowlers to, for once, bowl without dew around. But rain that fell as early as the fifth over ensured they had to contend with wet conditions anyway. They had bowled second in the first two T20Is of the three match series and had lost both times. Netherlands fared better on Wednesday...
News Room : Ceylinco Life posts premium income of Rs. 22.45 bn. in 1H 2025 – The Island
Sri Lanka’s No.1 commercial forestry investment company and a global leader in agarwood production, Sadaharitha Plantations Limited proudly celebrates its 23rd anniversary this year, a milestone that reflects more than two decades of pioneering vision, innovation, and unwavering commitment to sustainable green investments. Adding to the significance of this celebration, Sadaharitha has achieved a historic industry first, surpassing an asset...
News Room : President Appoints 18 New High Court Judges
President Anura Kumara Dissanayake has appointed 18 new High Court Judges, further strengthening the judiciary. The letters of appointment were formally handed over this afternoon (3) at the Presidential Secretariat by President Dissanayake. Seventeen Special Class Judicial Officers and a Senior State Counsel serving in the Attorney General’s Department were among those appointed to the High Court. The appointments were made...
News Room : Asia Asset Finance PLC Delivers Strong Q1, Eyes Rs 50Bn Asset Milestone
Asia Asset Finance PLC (AAF), one of Sri Lanka’s fastest-growing and most trusted non-banking financial institutions, has reported a Profit Before Tax (PBT) of Rs 294.8 million for Q1 2025, marking a 123% year-on-year increase from Rs 132.2 million in Q1 2024. Profit After Tax (PAT) rose 57% to Rs 181 million, up from Rs 115.8 million in the...
News Room : Women in Management Celebrates 15 Years of Empowerment and Global Connections
Women in Management (WIM), founded in Colombo, celebrates 15 years of empowering women and fostering leadership. To mark this milestone, WIM is returning its signature global events to Colombo from 7–9 October 2025 at Cinnamon Lakeside and Shangri-La Colombo, featuring the Top50 Professional & Career Women Global Awards, Global Economic Forum, Women MSME Awards, and NextTier Mentorship & Awards. The...
News Room : China’s Xi oversees massive military parade with Putin, Kim in attendance
China flexed its military muscle at a huge military parade in Beijing to mark 80 years since the end of World War II, displaying its latest generation of stealth fighters, tanks and ballistic missiles amid a highly choreographed cast of thousands. The parade through Tiananmen Square on Wednesday morning was overseen by Chinese President Xi Jinping, who is also the...