Category: Local News

The attention of Minister of Education Akila Viraj Kariyawasam has been focused on allowing pregnant teachers to wear a convenient dress to school.

Perpetual Treasuries Limited, the controversial primary dealer connected to the family of the former Central Bank Governor, Arjuna Mahendran, has made an after-tax profit of Rs.5.1 billion for the year ended in March 31, 2016

India will invest up to $2 billion in Sri Lanka over the next four years in a range of sectors including real estate, energy and infrastructure, its Commerce and Industry Minister Nirmala Sitharaman said on Tuesday.

A heated argument between Deputy Minister Ranjan Ramanayake and a journalist from the electronic media ended up with the former hitting a video camera at a media briefing this evening.

Proposed Public-Private Partnership (PPP) mechanism will attract more foreign investors especially to the infrastructure development sector thereby easing the government’s current budget constraints, said Minister of Finance Ravi Karunanayake.

Recording the most expensive car imported to Sri Lanka, a leading businessman has imported a Rolls Royce super luxury car, worth over Rs. 158 million, customs sources said.

The Sri Lankan government’s decision to increase tax on diesel is likely to hit 2016/17 second-half earnings at fuel retailer Lanka IOC, its managing director said on Monday.

The body of a celebrated Sri Lankan journalist gunned down in the final months of the country’s brutal civil war in 2009 will be exhumed on Tuesday as part of a fresh investigation into his death.

The International Monetary Fund (IMF) appears to be hounding Finance Minister Ravi Karunanayake in the wake of multiple blunders in attempting to pass the Value Added Tax (VAT) Bill, increasing the taxation rates in recent months.

National Freedom Front Leader MP Wimal Weerawansa arrived at the Police Financial Crimes Investigation Division (FCID) a short while ago.

MP Mahindananda Aluthgamage’s son has been arrested by the Kirulapone Police last night on charges of driving under influence of liquor.

Colombo, the capital of Sri Lanka, is the world’s fourth fastest-growing destination for international visitors, according to the 2016 Mastercard Global Destinations Cities Index.

President Maithripala Sirisena said that the world leaders have commended Sri Lanka on the achievements of the last 18 months and that is a great incentive, encouragement and a blessing for Sri Lanka.

An International Monetary Fund (IMG) mission winding up their review of the Sri Lankan economy yesterday warned a second tranche of the $ 1.5 billion Extended Fund Facility (EFF) would be dependent on the implementation of the proposed VAT hike.

Prime Minister Ranil Wickremasinghe has revealed that initial arrangements have been finalized to make Sri Lanka a hub extending necessary support for naval, air, communication and business operations.

The U.S. President Barack Obama stated that the positive transformation taking place in Sri Lanka at present is exemplary to the world and he assured his fullest support for the development of Sri Lanka.