Roshan Ranasinghe, Sri Lanka's sports minister, rebuked Sri Lankan cricket for bidding for ban by ICC and alleged the cricket board for betrayal. Ranasinghe had appointed an interim committee headed by Arjuna Ranatunga after sacking the governing body for Sri Lanka's disastrous World Cup campaign. However, the ICC suspended Sri Lanka with immediate effect for government interference ..read more

Sri Lanka was hit by its worst economic crisis in history when the country's foreign exchange reserves fell to a critical low and the public came out on the streets to protest the shortage of fuel, fertilisers and essential commodities ..read more

Chief Selector Pramodaya Wickramasinghe attributed Sri Lanka's premature exit from the ODI World Cup to an alleged external conspiracy. The team's return following a defeat against New Zealand in Bengaluru prompted Wickramasinghe to promise a revelation in two days. Expressing sadness and taking responsibility, he hinted at undisclosed factors affecting performance. Injuries, captaincy changes, and a humiliating loss to India contributed to Sri Lanka's worst World Cup display since 1992, leading to administrative turmoil and calls for Sri Lanka Cricket's management resignation ..read more

The bench, in a majority 4-1 ruling, said that the respondents, including the Rajapaksa brothers- former president Gotabaya Rajapaksa, former prime minister Mahinda Rajapaksa, former finance minister Basil Rajapaksa- were responsible for economic mismanagement in the island country between 2019-2022 ..read more

Scientists from China and Sri Lanka are collaborating on "marine scientific" activities aboard the Chinese research vessel 'Shi Yan 6' in Sri Lankan waters. Concerns were raised by India and the US about the vessel's presence, leading to a delay in granting permission by Sri Lanka. The research will focus on studying seawater temperature, sea wave conditions, their impact on fish, climate change, and various seawater levels ..read more

Sri Lanka is set to award a multi-billion dollar oil refinery project to a Chinese state-owned company after a rival bidder pulled out, the energy minister said Tuesday. Sri Lanka had originally awarded the project, which has an estimated cost of $3.85 billion, to an Indian family-owned company based in Singapore in 2019 ..read more

Sitharaman will witness the exchange of the Memorandum of Understanding for Solar Electrification of Religious Places in Sri Lanka, wherein India will allocate Rs 82.40 crore out of the Government of India's total grant of Rs 107.47 crore earmarked for the promotion of Buddhist ties ..read more

India has reiterated its commitment to assisting Sri Lanka in debt restructuring and supporting its economic recovery. During the 'NAAM 200' event organized by the Government of Sri Lanka to mark the 200th anniversary of the arrival of India-Origin Tamils (IOTs), Finance Minister Nirmala Sitharaman affirmed that India will continue to collaborate closely with Sri Lanka in these efforts ..read more

India's Finance Minister, Nirmala Sitharaman, has praised the State Bank of India (SBI) for launching a direct Sri Lankan Rupee-Indian Rupee trade, making it the first foreign bank in Sri Lanka to do so. Sitharaman inaugurated the second SBI branch in Jaffna during her official visit to Sri Lanka. The initiative aims to provide an alternative to importers of Sri Lanka, reducing dependency on the US Dollar. SBI is also expanding its remittance services in Sri Lanka through its digital platform ..read more

Sri Lanka's Court of Appeal quashed the sports minister's decision to sack the country's crisis-ridden cricket board and restored the expelled officials on Tuesday pending a full hearing. "The restoring of the board is for two weeks, when the court will hear the case again," a court official said ..read more