Day: February 6, 2018

License of Aloysius owned Mendis brewery cancelled

The licence of arrack distillery W.M. Mendis & Co. Ltd has been cancelled by the Excise Department for non-payment of taxes, the Excise Department confirmed.

Lanka performing well at primary education level- IPS survey

Sri Lanka has been performing well at the primary education level and significant policy gaps exist when it comes to secondary and tertiary education, an IPS survey revealed recently.

Sri Lanka court orders two bond dealers remain in custody over alleged scam

A Sri Lankan court on Monday ordered two executives from dealer Perpetual Treasuries Ltd, arrested over an alleged government bond scam, to remain in custody until Feb. 16.

EPF, NSB, SLIC losses due to bond scams exceed Rs. 31 billion

The manipulation of the secondary bond market by Perpetual Treasuries caused three state institutions, Employees’ provident Fund (EPF,) Sri Lanka Insurance Corporation (SLIC) and National Savings Bank (NSB), to lose over Rs. 31 billion, anti corruption activists said yesterday.