Tourism, industrial zones will help increase pci Growth Rate: PM

Several industrial and tourism zones being set up by the government will help increase the Per Capita Growth Rate and accelerate development, Prime Minister Ranil Wickremesinghe said.



Sri Lanka President Restores Ban On Women Buying Alcohol

Colombo: Sri Lanka’s president on Sunday reimposed a four-decade-long ban on women buying liquor, just days after his finance minister had lifted the restriction.



Sri Lanka’s Northern Province CM calls for bigger role in India-assisted development projects

Sri Lanka’s Northern Chief Minister C.V. Wigneswaran has sought greater collaboration between the Government of India and the provincial administration in the Tamil-majority north in development projects.



Thai pongal day messages

Marking this year’s Thai Pongal festival as an occasion to make the efforts taken by the government to take the country towards self-sufficiency in food meaningful and providing strength to these efforts, President Maithripala Sirisena extended his greetings to all Hindus across the world celebrating the festival that expresses gratitude to nature.



Indo-Lanka accord is a sound framework, say experts

The Indo-Sri Lankan agreement drafted in 1987 is a sound framework that can be improved upon, say politicians and those who were involved closely with the political developments then.



IMF says economy normalising but reforms essential

The International Monetary Fund (IMF) envisages Sri Lanka’s economy normalising in 2018 with the real GDP growth projected to reach about 4.6% over the medium term; however, the global lender called on the Government to continue its reform process centered on fiscal consolidation to maintain stabilisation momentum.



Sri Lanka Central bank suspends four officers over alleged bond irregularities

Sri Lanka’s central bank said it has suspended four officers and taken disciplinary action against several others following alleged irregularities in a 2015 government bond auction.



Attorney General says: President’s term covers six years

The incumbent President who was elected on January 8, 2015 had assumed duties in the office of President on January 9, 2015 for a period of six years.



Traffic offenders to get fines by mail

According to a new system to monitor traffic offences, CCTV cameras in strategic places in Colombo would take pictures of offenders, and the picture along with the fine would be mailed to their homes, Law and Order and Southern Development Minister Sagala Ratnayaka said yesterday.



Ministry revokes the prohibition on selling liquor to women

Ministry Finance and Mass media yesterday revoked the prohibition on selling liquor to women and employing women in places where liquor is manufactured or sold.



17-year-old detainee commits suicide at Pettah Police Station

A 17-year-old detainee has committed suicide at the Pettah Police Station by hanging himself inside a cell.



Sri Lankan rupee edges up on exporter dollar sales

The Sri Lankan rupee closed marginally firmer on Wednesday in dull trade, as dollar conversions by exporters surpassed mild demand for the U.S. currency from importers and banks, dealers said.



PIO MPs concerned over rising intolerance in India

At the first-ever conference of sitting Indian origin MPs representing 23 countries across the world, a disquiet on the rising incidences of intolerance and hostility towards religious minorities in their ancestral land was palpable.



Johor Ruler invests in Sri Lanka

PETALING JAYA: The Sultan of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar (pic), is making an investment into the US$100mil industrial zone for pharmaceutical manufacturers in Sri Lanka.



Young Chinese billionaire in Colombo

One of the youngest billionaires of China, Cai Xiaoru, arrived in Sri Lanka on Monday demonstrating renewed investor confidence on the nation.



Victor Ratnayaka’s wife arrested

Hashini Amendra, the wife of veteran singer Victor Ratnayake, was arrested by the Tangalle Police this morning for the alleged misappropriation of Rs. 1.28 million worth of jewelry belonging to a state bank.