Jul 2 (FT) Three years after facing what was the worst economic crisis which pushed SL to the brink of collapse, the island nation has regained upper-middle-income status. World Bank, in its latest income classification update released yesterday reclassified SL from the lower-middle-income category after the economy expanded by 5% in 2025, supported by a broad-based recovery across industries and growth in tourism & more..

Jul 2 (NW) The Cabinet has approved a proposal to begin the procurement of 535 utility vehicles to address shortages that have hampered the implementation of govt development projects and field operations. The proposal, presented by President Dissanayake, seeks to strengthen the operational capacity of govt institutions engaged in development activities. The approved procurement includes 175 tractors, 100 water bowsers, 100 backhoe loaders and 160 tipper trucks. more..

Jul 2 (FT) Sri Lanka's tourist arrivals fell by 10% in June year-on-year (YoY), marking the lowest inflow for the year so far, trailing last year’s pace amid a sharp decline in Indian travellers. According to provisional data from SLTDA, June 2026 arrivals stood at 124,551, down from 138,241 in June 2025. It also fell 15% compared to May 2026, with weekly inflows showing moderate dispersion; 27,043 in the first week, 27,423 in the second, 28,585 in the third, and 41,000 in the final week. more..

Jul 2 (Island) SL’s dengue caseload has surpassed 55,000 this year after more than 1,000 new infections were reported in the 24 hours ending at 6 am yesterday, according to health authorities. A total of 55,406 cases have been recorded so far in 2026, while the death toll has risen to 32. 1,024 new cases were confirmed during the latest 24-hour reporting period, reflecting a continuing increase in infections across the country. more..

Jul 2 (FT) Tea Exporters Association (TEA) has urged President Dissanayake to extend targeted support to tea smallholder farmers to restore productivity and reverse a structural decline in export volumes, warning that output constraints are limiting foreign exchange earnings despite existing processing capacity. At a meeting with the President on 26 June, TEA Chairman Huzefa Akbarally noted that while exporters are capable of handling around 400 million kg of tea annually, more..

Jul 2 (NW) National Zoological Gardens in Dehiwala will celebrate its 90th anniversary on July 3, 2026, with a series of special programs highlighting conservation, education, and public engagement. Among the highlights will be the announcement of names for two lion cubs born at the zoo, which have recently captured the affection of animal lovers. Prizes will be awarded to those whose name proposals are selected. Visitors will also be given the opportunity to see the cubs with their mother more..

Jul 2 (EN) SL’s monthly oil import bill surged by 112% to US$ 536 mil in May compated to a year ago due to buying fuel at a higher cost following the Middle Eastern escalation. CB said the increase was, driven by the increase in oil prices and volumes. “However, on month-on-month basis, expenditure on fuel imports reduced by 39.5% in May 2026.” SL saw a fuel import bill of US$ 886m in April 2026, accounting for 36% of the total monthly expenditure on imports of US$ 2,457m more..

Jul 2 (DN) In a bid to ensure reasonable price for paddy farmers for their paddy produce, Govt yesterday introduced a pledge loan scheme for Small and Medium scale Paddy Millers and Co-operative Societies. Sixteen state and private banks have been selected for the implementation of this loan scheme and the qualified borrowers under this scheme can obtain loans upto Rs.75 million at a concessionary interest rate of 8%. The Finance Ministry said that this loan scheme is more..

Jul 2 (DM) Presidential Commission of Inquiry probing alleged irregularities in coal procurement has questioned former Energy Minister Engineer Kumara Jayakody for nearly two hours and recorded his statement yesterday (30). He appeared before the Commission following a formal summons, and was questioned on coal import transactions and related procurement procedures. Jayakody, who resigned from his ministerial more..

Jul 2 (DN) Sri Lanka finished sixth at the Men’s Junior AHF Cup 2026 after going down 4-2 to Indonesia in the fifth-place playoff in Taldykorgan, Kazakhstan yesterday. Indonesia made a strong start and took the lead in the 12th minute through captain Arthur Wibowo from a penalty corner. Muhamad Al Muroqi doubled the advantage with a field goal just before half-time to give Indonesia a comfortable 2-0 lead at the break. SL fought back after the interval when Kavindu Udawatthe more..

Jul 2 (NW) An ambulance previously allocated for the use of the President has been handed over to the Mullaitivu District General Hospital to strengthen healthcare services in the district. According to the Ministry, the ambulance had been assigned to the Presidential Security Division but was no longer being used for active official duties. Presidential Secretariat decided to transfer the vehicle to the Ministry of Health, taking into account the needs of the country’s health service. more..

Jul 2 (NW) Archbishop of Colombo, Cardinal Malcolm Ranjith participated in the Second extraordinary consistory convened by His Holiness Pope Leo XIV at the Vatican on 26 and 27 June 2026. The special advisory gathering, held at the Pope’s invitation, brought together 178 cardinals from across the world to discuss pressing issues facing the Church and the global community. Proceedings began with a Holy Mass at St. Peter’s Basilica, followed by four sessions more..

Jul 2 (FT) Cabinet of Ministers approved entering into the necessary agreements to secure a $ 450 million disaster recovery package from India, comprising a $ 350 million line of credit and a $ 100 million grant, to support Sri Lanka’s post-Cyclone Ditwah reconstruction efforts. Govt has estimated reconstruction needs at $ 3.5 billion, including $ 2.1 billion in physical damage and $ 1.4 billion in economic losses caused by Cyclone Ditwah, which struck Sri Lanka in Nov 2025. more..

Jul 2 (NW) China has expressed its willingness to strengthen cooperation with all political parties in Sri Lanka while expanding collaboration in areas including poverty alleviation, digital cities and governance. Speaking at a reception marking the 105th anniversary of the founding of the Communist Party of China (CPC), Chinese Ambassador to SL Qi Zhenhong said the CPC is ready to deepen exchanges with SL political parties more..

Jul 2 (EN) Cabinet has approved a proposal to procure a services provider to digitize the operations of the central bank’s Banking Supervision Department, with the technical assistance of the Asian Development Bank. The department is tasked with regulating and supervising licensed commercial and specialized banks to ensure the stability and soundness of the island’s banking system. “The majority of these functions are performed through physical record management, more..

Jul 2 (NW) The Cabinet has approved a revised cost estimate of Rs. 1,958.85 million (without tax) to complete the second phase of the Jaffna Municipal Council building project, including the installation of an air-conditioning system. The proposal, presented by the Minister of Transport, Highways and Urban Development, authorises Central Engineering Consultancy Bureau (Pvt) Ltd, the project’s original contractor, to complete the remaining construction work. more..

Jul 2 (FT) In a rare public explanation of SL’s tax policy, Finance Ministry Tax Policy Adviser Thanuja Perera recently sought to reassure businesses that recent tax reforms are intended to modernise the tax system, improve fairness, and strengthen compliance rather than impose additional burdens on compliant taxpayers. Addressing a seminar on recent tax changes, Perera outlined the rationale behind VAT on overseas digital more..

Jul 2 (DM) An individual who held a dansala in Saliyawewa area to serve quids of betel containing tobacco on Poson Full Moon Poya day ended up in courts. Public Health Inspectors carried out the raid on information from the public and explained to the individual concerned that it was illegal under Chapter 37(1) of the Tobacco and Liquor Ordinance No 26 of 2006 to serve tobacco free at a dansala and that he had not obtained permission to hold his dansala. However, he refused to admit more..

Jul 2 (FT) Colombo Stock market yesterday faced a two-and-a-half hour opening delay after active trading accounts had been mistakenly deactivated. Colombo Stock Exchange said the Central Depository System Ltd. (CDS) suspended the CDS accounts that were inactive for more than 15 years on 30 June 2026 as notified on 15 June 2026. During the implementation of the suspension, certain active CDS accounts were also inadvertently suspended. This matter was detected during more..

Jul 2 (Island) Mangrove restoration is emerging as a powerful rural economic development model, generating income, strengthening community enterprises, creating village savings schemes and opening new opportunities in nature-based tourism, according to leading marine scientist Professor Sevvandi Jayakody. She said ecosystem restoration should no longer be viewed solely as an environmental exercise but as a long-term investment that delivers measurable more..

Jul 2 (DN) A fluent 83 by opener Ira Jadhav and a rapid 54 from Nidhi Mahto helped India Under-19 Women register a commanding 120-run victory over SL Under-19 Women in the opening ODI of the three-match series in Puducherry on Tuesday. After opting to bat, India posted an imposing 279 for 8 in their 50 overs, with 16-year-old Jadhav laying the foundation for the total. She struck 12 fours in her 104-ball innings before adding a crucial 102-run partnership for the third wicket with Mahto, more..

Jul 2 (FT) Prez Anura Kumara Dissanayake yesterday set out an ambitious strategy to lift SL’s economic growth to 7-8% over the coming years, identifying the information technology (IT) and electrical and electronics industries as key drivers of export-led expansion and higher foreign exchange earnings. Addressing leading investors and industrialists from the IT and electrical and electronics sectors at the Prez Secretariat, more..

Jun 2 (FT) Sri Lanka’s economic crisis exposed a critical weakness that continues to threaten the country’s stability: our heavy dependence on imported fuel. Fuel quotas, import restrictions, and price increases may provide temporary relief during periods of shortage, but as long as millions of Sri Lankans rely on fuel-powered vehicles for their daily travel, the country will remain vulnerable to fuel shortages, foreign exchange pressures, and global energy shocks. more..

Jul 2 (Island) The first comprehensive study on antibiotic resistance in the Kelani River Basin, a freshwater system that supplies drinking water to over 80% of the Greater Colombo region and supports more than a quarter of the national population has been completed. The Centre for Water Quality and Algae Research in the department of Zoology at the University of Sri J'pura has conducted the study in collaboration with Hayleys Fabric PLC, a subsidiary of Hayleys PLC. more..

Jun 2 (DN) The National Transport Commission (NTC) has submitted a proposal to the Cabinet on the proposed revision of Sri Lanka Transport Board (SLTB) and private bus fares. The NTC says the exact percentage of the bus fare hike will be announced after analysing all relevant factors, including fuel price changes. The decision has been taken in line with the annual bus fare revision scheduled to take effect from July 01, NTC Director General Nilan Mirando said. more..

Jun 2 (TM) The sight of rubbish strewn along the verges of our streets has become a distressing feature of modern life. It is a visual blight that speaks of a deeper social malaise, where civic duty is discarded as easily as a plastic bottle. However, pointing the finger solely at the individuals who dump their waste at the roadside misses a troubling picture. As senior law enforcement figures have recently highlighted, the crisis of illegal dumping is not merely a failure of personal conscience. more..

Jun 2 (DN) The law enforcement authorities’ crackdown on corruption and its bid to enforce law and order led to the arrest of two prominent personalities with links to the opposition last week while an opposition MP was also convicted. The former was shocking because of the nature of the charges. SJB Horana electorate organiser Charitha Abeysinghe and Rakhitha Rajapaksa, son of former Minister Wijeyadasa Rajapakshe were more..

Jul 2 (Island) Prez Donald Trump is full of himself as he enjoys unified Republican control of the US federal govt. He exercises control over the White House and both chambers of the Congress. The composition of the current US Supreme Court (SC) with its conservative majority is also considered favourable to Trump; the apex court is widely viewed as being receptive to his constitutional arguments. Nevertheless, executive powers are far from untrammelled thanks to robust US more..

Jun 2 (ST) Imagine walking into a supermarket to buy household essentials that are subject to VAT. You spend Rs. 10,000 on your purchases. The supermarket, a large‑scale enterprise with annual turnover above Rs. 60 million, is VAT‑registered, so your purchases fall within the scope of VAT‑liable transactions. VAT is legally borne by the customer but administered by the supermarket, which collects it at the point of sale and remits it to the govt. At 18% rate, Rs. 1,800 of your Rs. 10,000 bill is VAT more..

Jun 2 (TM) While SL has recorded modest improvements in key child nutrition indicators recently, official data suggest that malnutrition among children under five remains a significant public health challenge. According to the 2025 National Nutrition Month report, the country has seen a reduction of underweight, wasting, and stunting among children under five years of age when compared with 2024, while the overweight more..

Jun 2 (GV) It was my experience of conflicts and state repression during the post-1977 period in Sri Lanka that led me to examine the subject of the state and state power more closely. State repression was responsible for 17 of the 32 mass graves found across the country. It is the task of future researchers on Sri Lanka not to ignore the fate of thousands of citizens and the families that suffered from these events. It is difficult to ignore these events if you want to understand Sri Lanka. more..

Jun 2 (CT) Over the past three decades, leading global education reports have consistently highlighted value education as a central pillar of human development and social progress. Collectively, these reports affirm that value education is not peripheral, but integral to creating well-rounded individuals and developing peaceful, sustainable societies. All policy statements issued in Sri Lanka over the last three decades from 1992-2022 have recognized the need for, and more..