Category: Local News


India likely to get 70 percent stake to airlift Mattala

Sri Lanka is to give India 70 percent of the stake in the Mattala Rajapaksa International Airport (MRIA) in a move that appears to strike a balance with the Hambantota Port being given to China. In terms of a Cabinet Paper now being prepared for approval, the new deal is to be a joint venture between the Airport and Aviation Services of Sri Lanka (AASL) Ltd and the Airports Authority of India (AAI).











Contractors overvalued by Rs. 40 Billion – COPE

The cost of phases one and two of the Central Expressway had been overvalued by contractors by approximately Rs 40 billion, the First Report of the Committee on Public Enterprises (COPE) of the Third Session of the Eighth Parliament revealed yesterday (24).




President meets Singaporean President

President Maithripala Sirisena, who is on a visit to Singapore to attend the Asia Pacific Forum of Environment Ministers and Heads of Environment Authorities held a meeting with President of Singapore Madam Halimah Yacob yesterday (24th).





Rajapaksa warns it is nothing but a Trojan horse

Leader of the Opposition Mahinda Rajapaksa, yesterday, warned that after putting forward the draft Constitution the government members had been speaking of only two issues – the place accorded to Buddhism and the term ‘unitary’, but their real target was not the status of either.