Month: September 2016

Sri Lanka pulls out of 19th SAARC Summit in Pakistan

In another setback to Pakistan, Sri Lanka today pulled out of 19th SAARC Summit in Islamabad, becoming the fifth country to do so after India expressed its inability to participate in the summit.

Don’t hatch Constitution on the sly – Wiggy

Northern Province Chief Minister C.V. Wigneswaran said yesterday that “hatching a Constitution in secrecy with selected members from the Tamil community would not help the Tamils

‘Wigneswaran attempting to create disunity among Sri Lankans’

Transport and Civil Aviation Minister Nimal Siripala de Silva yesterday condemned the conduct of Northern Province Chief Minister C.V. Wigneswaran.

Sri Lanka to support India’s efforts to curb areca imports

The Indian government has got Sri Lanka’s support in its efforts to curb import of arecanut. During her visit to Sri Lanka on September 26-27, Union Minister of State for Commerce Nirmala Sitharaman got an assurance from Sri Lanka in this regard.

Sri Lanka targeting five per cent growth and single digit inflation

Central Bank Governor Dr. Indrajit Coomaraswamy said the government intends to keep the economic growth at five percent and inflation at single digits to maintain economic stability.

New dress code for pregnant teachers?

The attention of Minister of Education Akila Viraj Kariyawasam has been focused on allowing pregnant teachers to wear a convenient dress to school.

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

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 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.

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.

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 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.

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.

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 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.

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.