Laszlo Krasznahorkai of Hungary will receive this year’s Nobel Prize in literature, the Swedish Academy announced on Thursday. Krasznahorkai won “for his compelling and visionary oeuvre” in the “midst of apocalyptic terror” that “reaffirms the power of art,” said Mats Malm, the Academy’s permanent secretary. The 71-year-old novelist and screenwriter is famous for his postmodern and sometimes dystopian portrayals of small towns in Hungary. He has adapted several of his novels, including Satantango and The Melancholy of Resistance, into award-winning films. This award is considered the most prestigious honour a writer can receive in their career. Krasznahorkai has regularly been touted as a favourite to win for the past decade. Fame…
The Sri Lankan Report
The Port of Colombo has reported a record net profit of Rs. 32.2 billion for the first eight months of 2025 — a 71% increase from Rs. 18.9 billion recorded during the same period in 2024, the Sri Lanka Ports Authority (SLPA) announced.
ECONOMYNEXT – Sri Lanka has sold 1,300 million rupees of treasury bills offered on tap at average rates of 7.52 percent and 8.02 percent, the state debt office said, bringing the total of bills sold this week to 20.42 billion rupees. The debt office sold 3-month bills at 7.52 percent. The debt office sold 12-month bills at 8.02 percent. On Wednesday (8) the debt office raised 19.12 billion rupees of 3, 6 and 12 month bills. Read more Sri Lanka sells 67-pct of offered bills at auction, rates fixed The date of settlement is October 10. (Colombo/Oct9/2025)
India’s innovation journey reached a new milestone in 2025 with the country rising to the 38th position in the Global Innovation Index (GII), assessed across 139 economies by the World Intellectual Property Organization (WIPO). Over the past decade, India has steadily climbed from the 81st spot in 2015 to 48th in 2020, 40th by 2022, 39th in 2024, and now 38th in 2025. This trajectory demonstrates structural progress in building a dynamic innovation ecosystem. India now stands as the top innovator among lower-middle-income economies and ranks first in Central & Southern Asia. The country’s leadership is reflected in strong performance…
Sri Lanka pulled off a stunning 1-0 victory over Turkmenistan in the first leg of the AFC Asia Cup 2027 qualifier held at the Racecourse Stadium in Colombo on Thursday. Ranked 197th in the FIFA World Rankings, Sri Lanka overcame the 138th-ranked Turkmenistan side in front of an energetic home crowd to gain a crucial advantage ahead of the return leg. The second leg of the tie will take place on October 14 in Ashgabat, Turkmenistan, where Sri Lanka will look to defend their lead and continue their dream run toward the 2027 AFC Asia Cup. (Newswire) Sri Lanka make…
Colombo Chief Magistrate Asanga S. Bodaragama today ordered that Shadhika Lakshani, the wife of Backhoe Saman, who is currently in custody, be further remanded till October 23 under the Prevention of Money Laundering Act.
India and Qatar will soon finalise the framework to launch negotiations for a free trade agreement, with a deal expected to be concluded by mid or third quarter of 2026, Commerce and Industry Minister Piyush Goyal confirmed on Monday. Goyal is currently in Doha for a two-day visit, leading a business delegation aimed at boosting trade and investment between the two nations. “I would think that sometime by the middle of next year, or third quarter of next year, we will be able to finalise an FTA (free trade agreement), if not earlier,” Goyal told reporters during the visit. Qatar,…
Prime Minister Narendra Modi and Russian President Vladimir Putin held a telephonic conversation on Tuesday to discuss further strengthening the special and privileged strategic partnership between India and Russia, as well as preparations for President Putin’s visit to India in December. During the call, PM Modi conveyed his best wishes to President Putin for good health and continued success on his 73rd birthday. The Russian President’s Office said in a statement, “In a phone call, Prime Minister of India Narendra Modi offered his best wishes to Vladimir Putin for his birthday. Both sides expressed interest in developing the special and…
The Provincial Council elections will be held next year, Minister of Foreign Affairs Vijitha Hearth told Parliament today.
A Bill to set up a Truth and Reconciliation Commission will be presented to Parliament soon, Minister of Foreign Affairs Vijitha Herath told Parliament today.
Opposition MP Harsha de Silva today raised concerns over the alleged moves by the government to make changes to the 1990 Suwa Seriya free ambulance service. Addressing the Parliament today, MP de Silva said that instructions have been given to change the logo and colour of the ambulance service. “They have received a directive to remove the name 1990 Suwa Seriya. They have also been instructed to change the colour. What is this? Why are you doing this? It has been instructed to use your party colour. It has been instructed to destroy the Suwa Seriya service,” MP Harsha de…
Prime Minister Harini Amarasuriya today paid tribute to the Election Commission for being named the Electoral Commission of the Year at the 2025 International Electoral Awards Ceremony held in Gaborone, Botswana on Friday (October 3).
Former Minister Wimal Weerawansa arrived at the Tangalle Divisional Criminal Investigation Bureau for a statement to be recorded this morning.
Two individuals, including a retired Army Colonel, have been arrested in connection with a large-scale foreign employment scam that defrauded nearly Rs. 20 million from job seekers by promising employment opportunities in several European countries. According to the Special Investigation Unit of the Sri Lanka Bureau of Foreign Employment (SLBFE), the suspects operated under a registered agency named FC International in Negombo, claiming to secure jobs in the hospitality sector in Hungary, the Netherlands, and Finland. Investigations revealed that while the agency had obtained approval for job placements in Hungary, no official requests or job orders existed for hospitality positions.…
ECONOMYNEXT – Sri Lanka’s rupee closed at 302.75/83 to the US dollar on Thursday, weaker from 302.65/69 the previous day, while bond yields closed broadly steady, dealers said. A bond maturing on 15.12.2026 closed flat at 8.35/45 percent. A bond maturing on 15.09.2027 closed at 8.79/88 percent, down from 8.85/90 percent. A bond maturing on 15.03.2028 closed at 9.11/15 percent. A bond maturing on 15.10.2029 closed at 9.71/75 percent. A bond maturing on 01.07.2030 closed at 9.77/81 percent. A bond maturing on 15.12.2032 closed at 10.48/60 percent, from 10.50/55 percent. (Colombo/Oct9/2025)
Prime Minister Harini Amarasuriya informed Parliament that the newest addition to Sri Lanka’s independent commissions is the National Women’s Commission. PM Amarasuriya said that members were appointed to the commission two to three weeks ago, and that its establishment has now been finalized. She further said that this is in addition to the 09 independent commissions already established under the government. PM Harini Amarasuriya made the remarks while addressing the Parliament today (09). (Newswire) The post Sri Lanka sets up new Women’s Commission appeared first on Newswire.
The Sevangala sugar factory is to be converted into a public-private partnership in order to make the maximum use of the available resources of the entity, Deputy Minister Chathuranga Abeysinghe told Parliament today.
Udaya Gammanpila, leader of the Pivithuru Hela Urumaya and former Member of Parliament, appeared before the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) this morning.
The International Monetary Fund (IMF) and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the Fifth Review of Sri Lanka’s reform program under the Extended Fund Facility (EFF).
The Central Bank of Sri Lanka has released its annual Financial Stability Review (FSR) for 2025, which provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines the policy measures implemented by the Central Bank and other regulatory authorities. This statutory report has been published in terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023. A summary of the FSR 2025 and the financial stability outlook is as follows; 1.The resilience of the financial sector improved during the first half (H1) of 2025…