Day: October 5, 2017

Misuse of State property Many vehicles not returned

More than 32 vehicles used by former Chief Ministers and MPs of North Central, Sabaragamuwa and Eastern Provincial Councils have not been handed over to the councils yet, Executive Director of Campaign for Free and Fair Elections (CaFFE), Rajith Keerthi Tennakoon said yesterday.

People’s Bank, BoC, NSB heads reveal: Ravi asked state banks to bid at lower interest rates

Chairmen and senior officials of three major state banks––the Bank of Ceylon, the People’s Bank and the National Savings Bank–– testifying before the presidential commission of inquiry probing the bond scams yesterday said that on two occasions in 2016, the then Finance Minister Ravi Karunanayake had instructed them to make bids at the treasury bond auctions at lower interest (yield) rates

Exclusive: Sri Lanka rejects Chinese request for local fuel sales

Sri Lanka has blocked a proposal by Chinese firms bidding to build the island’s biggest oil refinery to sell fuel locally, fearing a threat to domestic firms that dominate the small but growing market.