Category: Local News

The debt equity transfer on the Chinese loans will be implemented in accordance with the discussions Prime Minister of Sri Lanka had in Beijing with the President of the Peoples Republic of China His Excellency Xi Jinping and Prime Minister Li Keqiang on 7th and 8th April 2016.

Sri Lanka’s foreign minister has said that former president Mahinda Rajapaksa’s government failed to investigate cases of people who went missing during the three-decade civil war.

A proposal to raise taxes on import of tobacco to 90 percent from the existing 72 percent will be taken up by the Cabinet tomorrow.

The ulterior motive behind the Joint Opposition (JO) protest march (Pada Yathra) is merely to create a shield to protect the a family and not for the betterment of the public, says Convenor of the National Movement for a Just Society, Professor Sarath Wijesuriya.

In an effort to find a permanent solution to the vexed fishermen issue with Sri Lanka, External Affairs Minister Sushma Swaraj yesterday (29) held a high-level meeting with various stakeholders and deliberated on its different aspects.

Sri Lankan shares ended steady in thin trade on Friday, though cautious investors fear the gains would be short-lived, as the central bank’s surprise move to raise key policy rates will hurt market sentiment.

The Criminal Investigation Department (CID) is currently recording a statement from a former IGP Mahinda Balasuriya in connection with the murder of assassinated journalist Lasantha Wickrematunge, the police said.

Making all Sri Lankans proud, BitMasters, the Moratuwa University Engineering Faculty team taking part in the world finals of Microsoft Imagine Cup 2016, won the second place under the Innovation Category.

China just requested 15,000 acres of land in southern Sri Lanka for the creation of a special economic zone that will reputedly create one million jobs

The ‘Jana Satana Pada Yathra’ will be the largest protest march in Sri Lanka’s political history, said Joint Opposition strongman Bandula Gunawardena

Sri Lanka’s military has been told to be alert to the activities of Tamil Tiger rebel supporters, the army media unit has said.

Amid different shades of opinion being expressed on the involvement of foreign judges in the proposed judicial mechanism to inquire into allegations of human rights and accountability issues…

The protest carried out by disabled soldiers opposite the Colombo Fort Railway Station has come to an end.

President Maithripala Sirisena , in a meeting last night, requested Sri Lanka Freedom Party( SLFP) MPs sitting in the Joint Opposition to refrain from forming any new political fronts and acting in a manner detrimental to the interests of the party.

Siam City Cement Pcl (SCCC) , Thailand’s second-largest cement maker, said on Monday it has signed a deal to buy a Sri Lankan cement company from Holderfin B.V., a unit of LafargeHolcim, for 13.1 billion baht ($374 million).

Sri Lanka has started talks with Chinese investors on the $10 billion Hambantota Economic Project to be implemented in the southern region of the island nation.