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The Island

US helps Sri Lanka boost parliamentary budget oversight

Members of Parliament and officials participated in a technical assistance session led by the U.S. House Democracy Partnership (HDP) and Congressional Budget Office (CBO) at the Parliament complex.

1 min  |

June 12, 2026
The Island

The Island

Treasury Bill rate hike taking toll on stock trading

CSE trading reported a further drop yesterday due to an increase in Treasury Bill rates apart from other negative factors, including the war situation in West Asia and the depreciation trends in the local rupee, market analysts said.

1 min  |

June 12, 2026
The Island

The Island

The path of freedom: Dismantling the imperialist debt trap

I must first thank Gayantha Dehiwatte for inviting me this afternoon to the launch of his book, The Path of Freedom: Dismantling the Imperialist Debt Trap.

7 min  |

June 12, 2026

The Island

House extends deadline granted to SPC to submit its proposals on preparedness for next monster storm

Parliament yesterday (11) approved an extension of the deadline earlier granted to the Special Parliamentary Committee appointed to conduct a comprehensive study into the lack of preparedness for Cyclone Ditwah, and to submit its findings, recommendations, and proposals to Parliament.

1 min  |

June 12, 2026

The Island

Colombo HC upholds Shashi Weerawansa conviction

The Colombo High Court yesterday dismissed an appeal filed by Shashi Weerawansa, wife of former Parliamentarian Wimal Weerawansa, against a two-year prison sentence and a Rs. 100,000 fine imposed for obtaining a diplomatic passport by furnishing false information.

1 min  |

June 12, 2026

The Island

No Cabinet nod yet for judges’ retirement age extension

The government had not yet obtained Cabinet approval for raising the retirement ages of judges of the Supreme Court and Court of Appeal, Justice and National Integration Minister Harshana Nanayakkara told Parliament yesterday.

1 min  |

June 12, 2026
The Island

The Island

Mastercard announces leadership changes to accelerate growth across five key markets in South Asia

Mastercard has announced significant leadership appointments aimed at strengthening South Asia operations, by creating a more integrated model for Sri Lanka, Maldives, Bangladesh, Nepal, and Bhutan.

1 min  |

June 12, 2026

The Island

RASSL Research Conference 2026 to open in Colombo

The Royal Asiatic Society of Sri Lanka (RASSL) will inaugurate its Research Conference 2026 on Saturday (13) at the Mahaweli Centre in Colombo 07, bringing together scholars for a high-level academic exchange.

1 min  |

June 12, 2026

The Island

Lest We Forget — V

Francis Gary Powers was born in Jenkins, Kentucky on August 17, 1929, the only son in a family of six children.

10 min  |

June 12, 2026
The Island

The Island

Sri Lankan conglomerates leading the charge in Port City's economic surge

In April 2026, the Cabinet of Sri Lanka approved 77 Businesses of Strategic Importance (BSIs) under the Colombo Port City Economic Commission Act, marking a major milestone for the Colombo Port City Special Economic Zone (SEZ) as a rising regional hub for investment and innovation.

1 min  |

June 08, 2026

The Island

IIT Madras and University of Vavuniya establish new academic partnership

The Deputy High Commissioner of Sri Lanka in Chennai, Dr. Ganesanathan Geathiswaran, attended the Memorandum of Understanding (MoU) signing ceremony between the University of Vavuniya, Sri Lanka and the Indian Institute of Technology Madras (IIT Madras) on 29 May 2024 at IIT Madras.

1 min  |

June 08, 2026

The Island

Police ignore RTI query about RW's UK visit

Police Headquarters hasn't responded to a Right to Information (RTI) query regarding sending a team of police officers to the UK to investigate President Ranil Wickremesinghe visit in September, 2023.

1 min  |

June 08, 2026
The Island

The Island

Credit card interest rates to increase from July 1

Following the recent decision by the Monetary Policy Board of the Central Bank of Sri Lanka to raise the Overnight Policy Rate by 100 basis points, a corresponding increase in market interest rates has been reported.

1 min  |

June 08, 2026
The Island

The Island

Owners of .lk websites invited to submit their sites for a premium competition

BestWeb.LK, Sri Lanka’s premium website competition and the benchmark for digital excellence in Sri Lanka, is officially calling for applications and invites all .lk website owners to submit their websites for the opportunity to gain national recognition.

1 min  |

June 08, 2026
The Island

The Island

Diesel replacement costs up to Rs. 4.5 bn in April

A sharp decline in coal-fired electricity generation in April 2026, compared to the corresponding month last year, may have cost Sri Lanka more than Rs. 4.5 billion, as the country was compelled to rely on significantly more expensive diesel-powered generation to make up the shortfall, according to power sector data.

2 min  |

June 08, 2026
The Island

The Island

Opp. questions why Rs 10 bn meant for Ditwah victims held in Treasury account

The Opposition says the NPP government should explain why the funds received by Rebuilding Sri Lanka haven't been utilised to provide relief to those affected by Ditwah cyclone in late November last year.

1 min  |

June 08, 2026

The Island

CBSL: Dayasiri errs

The Central Bank yesterday (07) said that there was absolutely no basis for the recent claim regarding the loss of USD 808 bn.

1 min  |

June 08, 2026
The Island

The Island

Hayleys Mobility launches JAECOO J5 HEV, expanding Sri Lanka's premium Hybrid SUV segment

Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has introduced the all-new JAECOO J5 HEV to Sri Lanka, strengthening its presence in the country’s growing new-energy vehicle market.

1 min  |

June 08, 2026

The Island

'Samurdhi Bank operates without dedicated audit framework'

The 2025 audit of Samurdhi Bank couldn't be carried out due to its failure to complete the auditing process for 2023 and 2024.

1 min  |

June 08, 2026
The Island

The Island

Cockroach Janata Party's first rally signals new youth politics, challenges traditional parties

What began as a satirical online campaign has evolved into a visible political movement after thousands of students, parents and young professionals gathered at Jantar Mantar in New Delhi on Saturday (06 June) for the first major public mobilisation of the Cockroach Janata Party (CJP), highlighting growing frustration among India's youth over examinations, recruitment processes and unemployment.

1 min  |

June 08, 2026
The Island

The Island

Sallay on hunger strike; Counsel warns CID

Asith Siriwardena Counsel for former Director of State Intelligence Service, Major General (Retd.) Suresh Sallay, detained under the Prevention of Terrorism Act (PTA) over the 2019 Easter Sunday attacks, has called upon the Director of the CID, SSP G. S. Abeysekara, to transfer his client either to a private or government hospital to receive urgently needed treatment.

2 min  |

June 08, 2026

The Island

Rumesh's Rome heroics a watershed moment for Sri Lankan Athletics

Sri Lanka's former national javelin record holders Sachith Maduranga and Waruna Lakshan Dayaratne have hailed Rumesh Tharanga's historic performance at the Rome Diamond League as a defining moment for Sri Lankan athletics, saying it has shattered long-standing misconceptions about the country’s ability to compete with the world's best.

1 min  |

June 08, 2026

The Island

Commercial Bank extends its operations to Port City Colombo

Commercial Bank of Ceylon PLC’s new branch in Port City Colombo is poised to bring world-class banking services to Sri Lanka’s emerging international financial hub.

1 min  |

June 08, 2026
The Island

The Island

Power cuts are here! But we have a way out!

The much-dreaded power cuts are already here though not declared as such.

6 min  |

June 08, 2026
The Island

The Island

Air France-KLM names Rached Arfaoui RSM for offline markets in Indian subcontinent & Middle East

Air France-KLM has appointed Rached Arfaoui as Regional Sales Manager for Offline Markets, covering over 18 countries across the Indian Subcontinent and the Middle East.

1 min  |

June 08, 2026
The Island

The Island

SLYCAN calls for stronger climate risk protection mechanisms

Sri Lanka must strengthen its financial and social protection systems to better withstand climate-related disasters, according to experts and stakeholders who gathered at a climate risk finance event organized by SLYCAN Trust in Colombo.

1 min  |

June 08, 2026

The Island

SLT-MOBITEL PEOTV Secures Exclusive Media Broadcast Rights for FIFA World Cup 2026

SLT-MOBITEL PEOTV, Sri Lanka’s pioneering Internet Protocol Television (IPTV) service provider and leading digital entertainment platform, announced a landmark partnership with Fédération Internationale de Football Association (FIFA), securing the exclusive media broadcasting rights for the FIFA World Cup 2026™ in Sri Lanka.

1 min  |

June 08, 2026

The Island

Peterson Solutions Sri Lanka opens new corporate office at Orion City

ESG performance, and supply chain resilience

1 min  |

June 08, 2026
The Island

The Island

Sri Lanka’s largest battery energy storage programme to strengthen grid stability and RE integration

Sri Lanka is set to commission battery energy storage capacity across 16 substation sites nationwide, marking the country’s largest energy storage programme to date.

1 min  |

June 08, 2026

The Island

Two arrested over Manipay killing

Manipay police have arrested two persons in connection with the ongoing investigation into the killing of a person who returned from Switzerland recently.

1 min  |

June 08, 2026