Month: October 2016

PHU demands RW’s resignation over CB Bond scam

The Pivithuru Hela Urumaya (PHU) today demanded the resignation of Prime Minister Ranil Wickremesinghe over the Central Bank (CB) Bond sale scam.

Government will bring a People’s Budget with many surprises beneficial to all – Finance Minister

The forthcoming budget that will be presented on Nov 10 will really be a people’s budget as it would incorporate ideas proposed by the people from all corners of the country.

Only segregated garbage from November 1

All the Municipal Councils have decided to collect only segregated garbage from November 1, according to a concept of Provincial Councils and Local Government Minister Faiszer Musthapha.

Perpetual Treasuries on buying spree with its billions

Perpetual Treasuries, the controversial primary dealer at the centre of the Central Bank bond scam, is on a buying spree.

Cigarette makers accused of shady game

Minister of Health, Rajitha Senaratne said that with the approval of 15 per cent VAT, the price of a cigarette is expected to rise to Rs. 55. This has been subject to public debate.

Sri Lanka to sell 80 percent of southern Hambantota port to Chinese firm

Sri Lanka will sell to a Chinese company 80 percent of a $1.5-billion port in its south, where China has also been offered an investment zone, in a bid to cut the country’s debt burden, Finance Minister Ravi Karunanayake said.

Mahendran responsible for CB Bond scam: COPE report

Former Central Bank Governor Arjun Mahendran was held responsible for the controversial Central Bank Bond sale scam in the COPE report presented in Parliament a short while ago,

War heroes will even be looked after retirement: President

Measures would be taken to rectify without delay the salary anomalies of war heroes who became differently abled during the war against terrorism, President Maithripala Sirisena promised yesterday.

Sri Lanka eyes incentives, lower taxes to boost investment

Sri Lanka will introduce concessions on investments and a lower tax regime in its next budget to boost faltering investment, Prime Minister Ranil Wickremesinghe told the parliament on Thursday.

Jaffna incident offenders would be punished after the offence proved – Minister Sagala

The unfortunate incident that occurred recently in Jaffna killing two university students riding a motorbike is an issue that harms the present reconciliation initiativeand the offenders would be charged after the investigations are finished

Coalition Against Coal hails move to cancel Sampur

The Coalition Against Coal is thanking the government for deciding to cancel the proposed Coal Power plant that was to be set up in Sampur.

VAT passed

The Value Added Tax (Amendment) Bill was passed in Parliament yesterday with a majority of 66 votes.

Wigneswaran appeals for calm as North observes hartal over killing of students

The Chief Minister of the Northern Province, C.V.Wigneswaran, has appealed to the people of the province, especially the youth, to be calm as they mourn the killing of two university students by the police.

COPE chairman to reveal harassment at the hands of UNP members

Chairman of the Parliament watchdog committee (COPE), Sunil Handunnetti told Parliament yesterday that he would reveal to the House the harassment he underwent at the hands of UNP members who caused him to walk out of Monday’s meeting.

No language-based conflict should take place in the country – President

President Maithripala Sirisena says any conflict should not take place in the country based on the languages spoken by the different communities.

FR against vandalising Buddha status re-fixed for support

A Fundamental Rights petition filed seeking an Interim Order directing the Law and Order Minister to take action to investigate the incidents of vandalising Buddha statues in the Northern Province