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The two-week-old federal government shutdown may cost the U.S. economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday, correcting an earlier statement from Treasury Secretary Scott Bessent that put the cost at up to $15 billion per day. MORE..

16 Oct 2025 (12:19 PM)

Sri Lanka s tax policies played a driving role in the country s devastating 2022 economic crisis and have contributed to the chronic underfunding of education and other public services, Human Rights Watch said in a report released recently. MORE..

16 Oct 2025 (1:29 PM)

Over 500 individuals have been arrested by Police yesterday during island-wide crime and drug prevention operations aimed at apprehending suspects involved in various criminal activities. MORE..

16 Oct 2025 (1:38 PM)

The Colombo Magistrate s Court has ordered the release on bail of Nilu Dilhara Wijedasa, former Director of the State Engineering Corporation of Sri Lanka (SECSL). MORE..

16 Oct 2025 (3:29 PM)

Sri Lanka s economic performance has improved following the debt restructuring process, the International Monetary Fund (IMF) has stated. MORE..

16 Oct 2025 (2:53 PM)

The Court of Appeal was informed today (16) that vehicles detained for being imported from countries other than their country of manufacture, under letters of credit opened in Sri Lanka, may be released subject to specified conditions. MORE..

16 Oct 2025 (4:24 PM)