Category: Local News

UNP General Secretary and Minister Kabir Hashim yesterday promised punitive action against all those inolved in the bond scams.

The licence of arrack distillery W.M. Mendis & Co. Ltd has been cancelled by the Excise Department for non-payment of taxes, the Excise Department confirmed.

Sri Lanka has been performing well at the primary education level and significant policy gaps exist when it comes to secondary and tertiary education, an IPS survey revealed recently.

A Sri Lankan court on Monday ordered two executives from dealer Perpetual Treasuries Ltd, arrested over an alleged government bond scam, to remain in custody until Feb. 16.

The manipulation of the secondary bond market by Perpetual Treasuries caused three state institutions, Employees’ provident Fund (EPF,) Sri Lanka Insurance Corporation (SLIC) and National Savings Bank (NSB), to lose over Rs. 31 billion, anti corruption activists said yesterday.

China is willing to work with Sri Lanka for better development of bilateral “strategic cooperative partnership”, President Xi Jinping said on Sunday, in statement that’s expected to be closely tracked by India as Beijing and Colombo deepen ties.

Sri Lanka wants a longer-time period to negotiate a free trade agreement with China as it is concerned about the economic impact of a rushed deal on their small country, the Sri Lankan ambassador said on Sunday.

Former Ambassador to Russia Udayanga Weeratunga has been arrested by INTERPOL at Dubai Airport a short while ago.

Arjun Aloysius and Kasun Palisena have been arrested by the Criminal Investigations Department.

When Sri Lanka’s government first looked to develop a port on its southern coast that faced the Indian Ocean, it went not to China, but to its neighbor, India.

If one is to truly fathom the value of independence, it is essential to understand the pain being oppressed and subservient in the face of a foreign power. This is why we are grateful to all our heroes who sacrificed their lives in order to restore and sustain our nation’s independence.

Professor Venerable Dr Bellanwila Wimalaratana Nayake Thero, Chancellor of the Sri Jayawardanepura University passed awaya short while ago (3), at a Private Hospital in Colombo

Britain’s Queen Elizabeth on Friday congratulated Sri Lanka’s President Maithripala Sirisena on the occasion of the island country’s 70th National Independence Day.

Close on the heels of President Maithripala Sirisena’s controversial claim that foreign loans amounting to Rs. 9 trillion that had been procured during the Rajapaksa administration (2006-2014) couldn’t be accounted for, a comprehensive study undertaken by the Auditor General’s Department has confirmed the staggering figure.

PT Kalbe Farma, whose antacid drug Promag is a household name in Indonesia, is seeking a partner in Sri Lanka and eyeing the Middle East as a new market for its nutritional products.

Field Marshal Sarath Fonseka says that stepping former President Mahinda Rajapaksa of his civic rights alone is not enough.