Days after Indian Prime Minister Narendra Modi urged citizens to avoid buying gold for a year, the government followed through with a hard policy move: it raised the effective import duty on gold and silver from 6% to 15%From May 13, gold now attracts 10% Basic Customs Duty (BCD) and 5% Agriculture ...

COLOMBO (News 1st): Colombo Additional Magistrate, Lahiru Silva, ordered today the remanding of two individuals who appeared in court to provide bail on behalf of former SriLankan Airlines Chief Executive Officer Kapila Chandrasena, who was released on bail yesterday after being held in remand custo...

COLOMBO (News 1st): Cabinet approval has been granted for the signing of five Memoranda of Understanding (MoUs) between Vietnam and Sri Lanka.The agreements are expected to be signed during the official visit of the Vietnamese President on May 7, at the invitation of President Anura Kumara Dissanaya...

COLOMBO (News 1st) - Daren Tang, a national of Singapore, has been reappointed as the Director General of the World Intellectual Property Organization (WIPO) for a second term.His new term will run from October 1, 2026, to September 30, 2032. He originally began his first six-year mandate on October...

Rakitha Rajapakshe, Director and Shareholder in Invest.LK, a company that owns shares in Panaurora (Pvt) Ltd, has denied that either company has links to Trident Chemphar Ltd, the company that won the controversial coal tender.“Neither Invest.lk (Pvt) Ltd nor Panaurora (Pvt) Ltd has any connection w...