US to fund $15m high-tech lab in SL
An MoU was signed yesterday at the Presidential Secretariat between the Sri Lanka Institute of Biotechnology (SLIBTEC) and US-based STEMedical to establish a state-of-the-art laboratory with international accreditation under a $15 million investment. The agreement, facilitated by the National Initiative for Research and Development Commercialisation (NIRDC), was signed by STEMedical founder Prof. Hans Keirstead, SLIBTEC Chairman Prof. Samitha Hettige, and …
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Mars rock auction on Earth
The largest Mars rock on Earth, valued between $2 million and $4 million, is set to go up for auction in New York. It weighs 54 pounds (25 kilograms) and has an ashy, terracotta-colored structure. The rock is being auctioned at Sotheby’s in New York City this week, and it is expected to sell for more than the estimated price …
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Govt to provide temporary monitoring relief for e–commerce activities
The Cabinet of Ministers has granted approval to a proposal to appoint a committee to recommend a temporary monitoring relief for e–commerce translations promptly,
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Sri Lanka enters into agreement with Saudi Fund to restructure SAR 517 mn
Sri Lanka entered into a bilateral amendatory loan agreements with Saudi Fund for Development (SFD)
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Sri Lanka agrees with IMF on structural reforms, financial viability of SOEs
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CNL Reporter
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July 15, 2025
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Political
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SOEs
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0 Comments
Sri Lanka agrees structural reforms, financial viability of SOEs to Sri Lanka government has committed to
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Govt to unveil e-commerce policy within the next two weeks
Sri Lanka is poised to introduce a comprehensive e-commerce policy within the next two weeks – a move aimed
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Petition seeking injunction on Seethawaka PS chairman election dismissed
The Court of Appeal has dismissed a petition seeking an injunction to prevent Western Province Local Government Commissioner
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Ex-Minister Duminda Dissanayake granted bail under strict conditions
Former Minister Duminda Dissanayake, who had been arrested and remanded in connection with the recent discovery of a gold-plated T-56 firearm at an apartment complex in Havelock Town, Colombo,
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Fuel shutdown behind Air India disaster
Indian aviation authorities have revealed that both engines of Air India Flight 171 ceased receiving fuel shortly after takeoff, leading to the tragic crash on June 12 that claimed 260 lives, including 19 people on the ground. The Aircraft Accident Investigation Bureau (AAIB) of India disclosed these findings in its preliminary report released on Saturday, July 12. According to cockpit …
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Court halts SriLankan shutdown
SriLankan Airlines has been granted a critical legal extension by the Colombo Commercial High Court last week, temporarily blocking any move to liquidate the national carrier. The court ruling comes in the wake of a dispute over a USD 209 million bond default, which had placed the airline under serious financial threat. With the stay order in effect until July …
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