Arjuna Mahendran

Perpetual Treasuries records over Rs.5 Billion profit through capital gains from bond trading

Perpetual Treasuries Limited, the controversial primary dealer connected to the family of the former Central Bank Governor, Arjuna Mahendran, has made an after-tax profit of Rs.5.1 billion for the year ended in March 31, 2016

Nirmala Sitharaman

India to invest $2 billion in Sri Lanka in next four years – Sitharaman

India will invest up to $2 billion in Sri Lanka over the next four years in a range of sectors including real estate, energy and infrastructure, its Commerce and Industry Minister Nirmala Sitharaman said on Tuesday.

Ranjan Ramanayaka angry mode

Ranjan loses temper, hits video camera

A heated argument between Deputy Minister Ranjan Ramanayake and a journalist from the electronic media ended up with the former hitting a video camera at a media briefing this evening.

Ravi Karunanayake with Athul Keshap

PPP to attract more foreign investors for infrastructure development – Finance Minister

Proposed Public-Private Partnership (PPP) mechanism will attract more foreign investors especially to the infrastructure development sector thereby easing the government’s current budget constraints, said Minister of Finance Ravi Karunanayake.

Rolls Royce super luxury car

Most expensive car imported to Sri Lanka so far

Recording the most expensive car imported to Sri Lanka, a leading businessman has imported a Rolls Royce super luxury car, worth over Rs. 158 million, customs sources said.

Lanka IOC

Lanka IOC says diesel tax increase will hit earnings

The Sri Lankan government’s decision to increase tax on diesel is likely to hit 2016/17 second-half earnings at fuel retailer Lanka IOC, its managing director said on Monday.

Protest on Lasantha Wickrematunge murder case

Body of Sri Lankan journalist who foresaw his murder to be exhumed

The body of a celebrated Sri Lankan journalist gunned down in the final months of the country’s brutal civil war in 2009 will be exhumed on Tuesday as part of a fresh investigation into his death.

Ravi Karunanayake

Getting harassed by IMF: Ravi

The International Monetary Fund (IMF) appears to be hounding Finance Minister Ravi Karunanayake in the wake of multiple blunders in attempting to pass the Value Added Tax (VAT) Bill, increasing the taxation rates in recent months.

Wimal Weerawansa

Wimal Weerawansa at FCID over misusing state vehicles

National Freedom Front Leader MP Wimal Weerawansa arrived at the Police Financial Crimes Investigation Division (FCID) a short while ago.

Australia women Cricket

Aussie women whitewash Sri Lanka in ODIs

Australia’s women’s cricketers have completed an emphatic 4-0 clean sweep of their one-day series against Sri Lanka with a crushing 137-run win in Colombo.

Handcuffs - Arrest by Police

Son of MP Mahindananda arrested for drunk driving

MP Mahindananda Aluthgamage’s son has been arrested by the Kirulapone Police last night on charges of driving under influence of liquor.

Colombo city

Mastercard lists Colombo as world’s 4th fastest growing tourist destination

Colombo, the capital of Sri Lanka, is the world’s fourth fastest-growing destination for international visitors, according to the 2016 Mastercard Global Destinations Cities Index.

Sri Lanka President Maithripala Sirisena at UNGA

Endorsement of our achievements by world leaders is a great incentive and a blessing for Sri Lanka – President

President Maithripala Sirisena said that the world leaders have commended Sri Lanka on the achievements of the last 18 months and that is a great incentive, encouragement and a blessing for Sri Lanka.

Dilhara Lokuhettige

Blames Mathews for axing

Dilhara Lokuhettige announced his retirement from Test and ODI cricket at a press conference held at the Moors Sports Club in Braybrooke Place yesterday.

IMF - International Monetary Fund

IMF waits on VAT

An International Monetary Fund (IMG) mission winding up their review of the Sri Lankan economy yesterday warned a second tranche of the $ 1.5 billion Extended Fund Facility (EFF) would be dependent on the implementation of the proposed VAT hike.

Prime Minister of Sri Lanka Ranil Wickremasinghe

Sri Lanka to be made a hub supporting naval, air, communication and business operations; PM

Prime Minister Ranil Wickremasinghe has revealed that initial arrangements have been finalized to make Sri Lanka a hub extending necessary support for naval, air, communication and business operations.