Gotabaya retains Mahinda, drops 3 Rajapaksas in new cabinet

Beleaguered Sri Lankan President Gotabaya Rajapaksa on Monday appointed a new 17-member Cabinet that excluded his close relatives except Prime Minister Mahinda Rajapaksa, as he called for a "system......

Sri Lanka, India ink deal to jointly redevelop strategic oil tank complex

Sri Lanka on Thursday signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the island nation's eastern port district of Trincomalee, in a new......

Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens

The Sri Lankan government on Wednesday extended the nationwide daily power cuts from seven hours to 10 due to the non-availability of fuel to generate hydro-electricity. IMAGE: People stand in a......

IOC in the red in Sri Lanka

Indian Oil Corporation Ltd sank deeper into the red with losses amounting to Rs 1.2 billion, as Colombo is yet to repay billions for selling fuel below costs.A unit of the Fortune 500 IOC, LIOC's......