Category: Local News

Testifying before the Presidential Commission on on the Central Bank bond issue, JVP provincial councilor Wasantha Samarasinghe said yesterday Perpetual Treasuries (PT) had made a profit of Rs.14,845 million on the sale of bonds from February 27, 2015 to May 26, 2016.

The Cabinet has not decided to appoint Regional Development Minister Field Marshal Sarath Fonseka as the Head of operations of the Tri-Forces, Prime Minister Ranil Wickremesinghe said yesterday.

The Sri Lankan government yesterday said it will go ahead with its plans to strike a deal with India to jointly operate a strategic oil facility in the eastern port district of Trincomalee despite opposition from other parties.

The Sri Lanka Transport Board has earned Rs 58.6 million by renting 4000 buses to various political parties to transport their supporters on May Day.

Transparency International Sri Lanka (TISL) stated that many of the journalists who were on the front line of exposing corruption in countries have been met with brutal resistance around the world.

China’s grandiose global connectivity initiative — One Belt One Road (OBOR) or Belt& Road Initiative (linking China with Europe via SE Asia & C Asia through land & sea links) — which is set to receive a formal endorsement at the May 14-15

Sri Lanka’s navy intercepted a boat carrying 30 Rohingya refugees who had been living in India and two suspected Indian traffickers after they tried to enter the country illegally, police said on Monday.

Two supporters who attended the Labour Day rally of the Joint Opposition in Galle Face Green today (May 01) passed away after being rushed to hospital due to suddenly falling ill during the event.

The UNP and the SLFP will hold their May Day rallies at Campbell Park, Colombo and Getambe, Kandy, respectively as the latter contemplated disciplinary action against its dissidents in the Joint Opposition (JO) holding a separate rally.

The Sri Lanka Government claimed victory on Friday after an unexpected resolution before the European Parliament objecting to the resumption of GSP+ concessions was defeated but issues loom ahead when eventually concessions are secured.

Sri Lanka’s President Maithripala Sirisena on Saturday said Prime Minister Narendra Modi is visiting the country only to take part in the UN ‘Vesak Day’ celebrations and no bilateral agreements will be signed during the trip.

Sri Lanka has been a major transshipment point for Indian cargo. Trying to become a base for Chinese manufacturing and re-exporting as well could be seen as a geopolitical move by India.

The European Parliament in Brussels voted in favour of Sri Lanka by a huge margin yesterday, paving the way for restoration of GSP Plus tariff concessions.

Sri Lanka has appointed seven lead managers for a sovereign bond worth up to $1.5 billion and could tap the capital market as soon as next month, a source close to the deal said on Thursday.

Respected former Deputy Governor of the Central Bank Dr. W. A. Wijaewardena yesterday said that the Treasury bond scam had caused a 10 billion-rupee loss to the government coffers alone.

Sri Lanka on Wednesday said it was confident of regaining key EU trade concessions known as the GSP plus despite concerns raised by a few members of the European Parliament.