Day: March 12, 2019

Fuel prices hike from midnight today

The Ministry of Finance announced that fuel prices have been increased with effect from midnight today (12), based on the pricing formula.



2nd reading of 2019 budget passed

The second reading of the 2019 Budget proposal was passed in Parliament this evening with a majority of 43 votes.



Jananath Warakagoda arrested and remanded over fatal accident

Popular artiste Jananath Warakagoda was arrested and remanded today over an accident in which a 62-year-old woman was killed at Kirillawela.



Japan to fund Sri Lankan light rail system

Japan’s overseas development agency said Monday that it has agreed to lend funds for a new $1.5-billion light rail system for Sri Lanka’s congested capital Colombo.



Decisive Budget vote today

The decisive vote on the Second reading of the 2019 Budget is scheduled for today.



Government planning to hand over lands to foreigners – Wimal

UPFA Parliamentarian Wimal Weerawansa yesterday (11), alleged that the newly operational American Institution, called the Millennium Challenge Corporation, located at the Temple Trees, which is allegedly headed by the Secretary of the United States (US) Department of State, is a threat to Sri Lanka.



“Unit was under my command” – Karannagoda

Former Navy Commander Admiral Wasantha Karannagoda appeared before the Criminal Investigations Department yesterday morning to record a statement over the abduction and killing of 11 youth has accepted that the unit in question operated under his direct supervision.



Rating agencies downgrade Sri Lanka to junk status?

Sri Lanka was downgraded from B1 to B2 by Moody’s Credit Rating and Standard & Poor’s Ratings and Fitch Ratings also downgraded Sri Lanka from B+ to B. When a country is downgraded in this manner



CEB issues red alert on power cuts

As the daily electricity demand increases with rising temperatures, the Ceylon Electricity Board (CEB) is struggling to meet demand as the Government continues to delay commissioning Independent Power Producers (IPP) and emergency power procurement.