US Embassy & SL Maritime Archaeology Unit Dive to Ancient Godawaya Shipwreck

The U.S. Embassy in Colombo, in partnership with the Central Cultural Fund’s Maritime Archaeology Unit, has undertaken a significant step in preserving Sri Lanka’s rich maritime history through the conservation and documentation of the Godawaya Shipwreck, the oldest known shipwreck in the Asia-Pacific region. This initiative, funded by the U.S. Ambassadors Fund for Cultural Preservation, […]

Ripples of difference: Empowering communities through sustainable water practices

In the rich tapestry of Sri Lanka’s history, ancient civilizations developed hydraulic engineering systems over 2,000 years ago. Today, these reservoirs, comprising over 1,000 cascades and 15,000 small tanks, remain integral to rural communities, sustaining livelihoods and ensuring food security amidst modern challenges. However, according to the UNDP, approximately one- third of the population faces […]

CBSL reduces policy rates by 0.5-pct in view of stable inflation outlook over medium term & subdued demand pressures

The Monetary Policy Board of the Central Bank decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 per cent and 9.50 per cent, respectively. The Board arrived at this decision following a comprehensive assessment of current and […]

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