Filling Stations – Some creating artificial shortage: Arjuna

Petroleum Resources Development Minister Arjuna Ranatunge said yesterday he had received information that certain filling stations were continue to create an artificial petrol shortage and a special team had been deployed to investigate it.



30-year war cost Sri Lanka over US$ 400 Billion

The Government yesterday (13) said, that failure to manage the ethnic issue had resulted in the country’s economy losing billions over the years.



Army camps won’t be removed endangering national security – President

President Maithripala Sirisena says that the army camps have not been removed in a way which will weaken the national security or will have an impact on the security forces.



Strong earthquake hits Iraq and Iran, killing at least 145

A magnitude 7.3 earthquake hit the region around the border between Iran and Iraq on Sunday, killing at least 145 people state media in the two countries said, as rescuers searched for dozens trapped under rubble.



Tax revenue doubled

The State Tax Revenue has doubled within three years from 2014, Megapolis and Western Development Minister Patali Champika Ranawaka said.



Will President Maithri ask Ranil to quit as PM?

Clad in a carefully chosen blue and green tie, Finance and Media Minister Mangala Samaraweera entered the Chamber at 3.05p.m. on Thursday (9) to present Budget 2018, which was themed, ‘Blue-Green Budget; the Launch of Enterprise Sri Lanka’.



Labour Minister wants ‘Gal’ arrack prices reduced to benefit common man

Labour, Trade Union Relations and Sabaragamuwa Development Minister John Seneviratne asked the Finance and Mass Media Minister to bring down the price of ‘Gal’ (extra special) arrack.



Sri Lankan rupee firms on remittances; budget clarity awaited

The Sri Lankan rupee edged higher on Friday on dollar inflows from remittances, while the market awaited more clarity on the budget policies announced a day earlier, dealers said.



How Budget 2018 could affect vehicle prices

Sri Lanka’s vehicles importers today said that the Excise Duties of several vehicles are expected to change in line with proposals announced in the 2018 Budget.



Sri Lanka says it will investigate allegations of torture

Sri Lanka says it will investigate allegations by more than 50 ethnic Tamils that they were abducted and tortured by police or army soldiers long after the end of the island nation’s civil war.



BUDGET 2018 TO ENERGISE ECONOMY

Finance and Mass Media Minister Mangala Samaraweera presenting his maiden budget for 2018 envisions to increase the economic growth rate to 6 percent by 2020 from the current 4.5 percent.



Mangala to present 72nd budget today

The 72nd budget of independent Sri Lanka and the fourth of the incumbent government will be presented to Parliament by Minister of Finance and Mass Media, Mangala Samaraweera today (9) at 3:00 p.m.



Sri Lanka gets 40,000 tonnes of petrol from UAE amid fuel shortage

Sri Lanka was set to receive a 40,000-tonne petrol shipment from the United Arab Emirates early on Thursday to help plug a fuel shortage triggered by panic buying, officials said, and India assured further help to its neighbour if needed.



Levies of several essential items reduced

The Ministry of Finance has reduced the special commodity levy on several essential items including potatoes, big onions, Dhal, coconut and vegetable oil.



US grants for promoting religious freedom in India, Sri Lanka

The US has announced a grant of nearly $500,000 for organisations which can come up with ideas and projects to promote religious freedom in India and Sri Lanka.



Presidential Committee to probe fuel shortage

President Maithripala Sirisena yesterday appointed a Cabinet Sub-Committee to probe the cause of the crippling fuel shortage prevailing in the country.