May 31 (EN) Sri Lanka’s inflation measured by consumer prices in the capital Colombo rose 3% over 31 months since monetary stability was restored in Sept 2025, official data showed while 12-month prices deflated. Colombo Consumer Price Index grew 0.8% in the May to 192.8 points, though it was down 1.2% over 12 months. In May 2025, the food price index surged 2.7%, reaching almost to the monetary crisis levels seen in late 2022. more..

May 31 (FT) Acclaimed Oscar-nominated filmmaker Deepa Mehta has officially announced her latest cinematic venture, Sher, during a media briefing. The upcoming film, a comedic reimagining of the Sherlock Holmes universe centred around the detective’s fictional Indian daughter, marks Mehta’s fourth production in SL. The director-producer revealed that Nuwara Eliya often dubbed Little England for its colonial charm and cool climate will serve as one of the primary filming location. more..

May 31 (CT) The Ministry of Education has revealed that 159 out of 396 national schools in Sri Lanka are operating without principals who meet the required qualifications, raising serious concerns about administrative shortcomings within the national education system. According to the Ministry’s report, only 237 national schools currently have principals with the stipulated qualifications, while the remaining 159 schools lack duly qualified leadership. The revelation has prompted scrutiny of more..

May 31 (FT) “The barometer of business confidence rebounds sharply despite the state of play,” leading business magazine LMD reports, in its soon to be released June edition. The magazine notes that “the Business Confidence Index (BCI) bounced back in May, to nearly where it stood two months ago.” LMD continues: “It climbed by 24 basis points to reach 196 – up from 172 in April – apparently buoyed by the conclusion of LG elections. This marks a recovery from April’s free fall, more..

May 31 (CT) Four former top Cabinet ministers and two former State ministers are expected to be indicted in the Colombo High Court on bribery charges, according to sources from the CIABOC. The former ministers in question had represented the districts of Colombo, Kurunegala, Badulla, and Batticaloa. It is learned that preparations are already underway to file the cases, following the completion of investigations into the allegations. These investigations were initiated after 2015. more..

May 31 (CT) The establishment of 178 Local Govt bodies out of the 339 where elections were held has been delayed due to political parties and independent groups failing to submit the names of members to be appointed from the additional list. Election Commission said, Minister of Public Admin, PCs and LG will be required to decide on the date for constituting these 178 bodies, as political groups have yet to send in the names of their more..

May 31 (TM) Rajeev Amarasuriya has formally resigned from the Governing Board of Central Bank of SL (CBSL), citing his upcoming responsibilities as the incoming President of the Bar Association of SL (BASL). Amarasuriya, who was appointed to the CBSL Governing Board with effect from 30 Jan 2024 for a six-year term ending in Jan 2031, tendered his resignation in accordance with Section 18 of the Central Bank of SL Act No. 16 of 2023. His appointment also included membership more..

May 31 (FT) A high-level discussion between representatives of the Abu Dhabi National Oil Company (ADNOC) and a SL delegation was held yesterday at the Presidential Secretariat, aiming to strengthen bilateral energy cooperation in the petroleum sector. The meeting was led by Power Minister Kumara Jayakody and Labour Minister and Economic Development Deputy Minister Dr. Anil Jayantha Fernando focused on identifying supply and investment prospects in the petroleum more..

May 31 (Island) A Grama Niladhari Officer, attached to the Jaffna Divisional Secretariat, was arrested yesterday on charges of soliciting a bribe, according to the CIABOC. The officer, whose identity has not been disclosed, is accused of demanding a 128GB pen drive, worth Rs. 4,000, as a bribe in exchange for signing an application submitted by a local resident. The application sought permission to cut and remove three coconut trees from a private land. CIABOC officials conducted the arrest more..

May 31 (NF) CEB reports that approximately 50,000 power outages have occurred across the island in the past 24 hours due to adverse weather conditions. 29% of the outages, about 14,030 cases were restored between 8 p.m. on Thursday (29) and 8 p.m. last night. The Central and Western Provinces have been the hardest hit, with 15,000 outages reported in Central Province and 10,000 in the Western Province. Of these, 5,300 outages in Central Province and 1,700 in Western more..

May 31 (Island) The DMC yesterday said that over 1,700 individuals, belonging to 485 families, affected across nine districts, were grappling with the impacts of the severe weather, triggered by the southwest monsoon. The monsoon, which became active on Thursday evening (29), has brought heavy rainfall and strong winds to several parts of the country, causing widespread disruptions and property damage. more..