Category: Local News

The International Monetary Fund (IMF) envisages Sri Lanka’s economy normalising in 2018 with the real GDP growth projected to reach about 4.6% over the medium term; however, the global lender called on the Government to continue its reform process centered on fiscal consolidation to maintain stabilisation momentum.

Sri Lanka’s central bank said it has suspended four officers and taken disciplinary action against several others following alleged irregularities in a 2015 government bond auction.

The incumbent President who was elected on January 8, 2015 had assumed duties in the office of President on January 9, 2015 for a period of six years.

According to a new system to monitor traffic offences, CCTV cameras in strategic places in Colombo would take pictures of offenders, and the picture along with the fine would be mailed to their homes, Law and Order and Southern Development Minister Sagala Ratnayaka said yesterday.

Ministry Finance and Mass media yesterday revoked the prohibition on selling liquor to women and employing women in places where liquor is manufactured or sold.

A 17-year-old detainee has committed suicide at the Pettah Police Station by hanging himself inside a cell.

The Sri Lankan rupee closed marginally firmer on Wednesday in dull trade, as dollar conversions by exporters surpassed mild demand for the U.S. currency from importers and banks, dealers said.

At the first-ever conference of sitting Indian origin MPs representing 23 countries across the world, a disquiet on the rising incidences of intolerance and hostility towards religious minorities in their ancestral land was palpable.

PETALING JAYA: The Sultan of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar (pic), is making an investment into the US$100mil industrial zone for pharmaceutical manufacturers in Sri Lanka.

One of the youngest billionaires of China, Cai Xiaoru, arrived in Sri Lanka on Monday demonstrating renewed investor confidence on the nation.

Hashini Amendra, the wife of veteran singer Victor Ratnayake, was arrested by the Tangalle Police this morning for the alleged misappropriation of Rs. 1.28 million worth of jewelry belonging to a state bank.

Former Spokesman of the Sri Lanka Navy, Commodore D.K.P. Dassanayake, and five others have been granted bail by the Colombo High Court.

Sri Lanka aims to raise $500 million this month via development bonds and is in the process of divesting two state-owned hotels, the central bank and a ministry said on Monday, as the government faces unprecedented debt repayment this year.

President Maithripala Sirisena vested the Moragahakanda Development Project with the nation, today (08).

The Rajagiriya flyover which is being constructed providing long term solutions for the heavy traffic congestion in the Rajagiriya was declared open by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe a short while ago.

Prime Minister Ranil Wickremesinghe yesterday called for the summoning of Parliament two-weeks ahead of schedule to debate the Bond Commission report which has called for a forensic audit of the Central Bank.