Category: Local News

The International Monetary Fund late on Friday said Sri Lanka continues to make important progress on fiscal consolidation but needs to keep up the reform momentum to boost economic growth.

Four Supreme Court Judges have declined to sit on the Bench to hear the Fundamental Rights petition filed by former Defence Secretary Gotabaya Rajapaksa, citing personal reasons.

China Development Bank has knocked out commercial lenders on a US$ 1 billion loan for the Democratic Socialist Republic of Sri Lanka, underscoring China’s ability to support the Belt and Road initiative with cheap financing.

President’s Secretary Austin Fernando says that he has sought the Attorney General’s advice to release the full report of the Commission of Inquiry appointed to investigate the Central Bank treasury bond scam.

President Maithripala Sirisena says it is not suitable to create an environment where anyone in the Judicial sector to go behind the politicians when the government is implementing the policy of upholding the rule of law.He made these remarks participating in an event to open the new court complex in Waththala, yesterday (May31th).

The Government is taking measures to cancel the loans taken by the poor from the micro finance companies in the drought affected areas, Finance and Mass Media Minister Mangala Samaraweera said yesterday.

KANDY – Minister Field Marshal Sarath Fonseka has said in Kandy that he will contest the 2020 presidential election if his party gave him nomination.

Talks between China and Sri Lanka for a free trade agreement have hit major hurdles, mainly because Beijing will not agree to Colombo’s demand for a review of the deal after 10 years, Sri Lanka’s top negotiator said.

The hierarchy of the joint opposition unanimously decided yesterday to oppose the 20th Amendment to the Constitution proposed by the JVP to abolish the Executive Presidency, an official said.

President Maithripala Sirisena said, the late Ven. Maduluwawe Sobhitha Thera never intended to choose a common candidate, for the Presidential Election, with the aim of stealing from the Central Bank.

Sri Lanka on Wednesday signed an agreement with a subsidiary of U.S. firm Schlumberger for a $50 million seismic study off the country’s east coast to evaluate any prospective oil resources, a senior government official said.

The Railway Department has registered a complaint with the Criminal Investigations Department (CID) that the railway workers on strike have caused damages train engines and compartments, Additional General Manager (Operations) Vijaya Samarasinghe said.

New Map of Sri Lanka which consists additional two square kilometer land due to image of Port City produced by the Survey Department will be launched tomorrow (31st May)

It seems that are many individuals who had benefitted from the Bond Scam. Former Minister Dayasiri Jayasekera is the latest name to become embroiled in this incident after details came to light regarding a bank cheque

Although a batch of flu vaccines is on the way, the Karapitiya Teaching Hospital in Galle is still under-equipped and underfunded to deal with the current flu epidemic, GMOA Co-Secretary Kanchika Samararatne said on Tuesday.

Sri Lanka’s Disaster Management Center (DMC) on Tuesday said the tri forces along with the police and relief teams had begun a massive clean-up campaign in several districts affected by the monsoonal rains as water levels receded.