Sri Lanka’s Minister of Health Dr Rajitha Senaratne yesterday said that the government plans to increase the tax imposed on tobacco companies all the way up to 90 per cent.

The Ministry of Commerce and Industry announced the control prices of 16 essential items this morning, including red dhal, white sugar, potatoes, imported onions and full cream milk power.

Sri Lanka’s economy amidst domestic and international challenges has successfully achieved an economic growth of 5.5% in the first quarter of 2016 compared to 4.4% growth in the same period 2015.

The United Nations has yet again insisted Sri Lanka to stick to its commitments on accountability.

Prime Minister Ranil Wickremesinghe yesterday drove home the point that Sri Lanka’s future lies in greater trade with the world and the Economic and Technological Cooperation Agreement (ETCA) with India and Free Trade Agreements (FTAs) with China and Singapore are being pursued with vigour.

A U.S. envoy has commended the steps taken by Sri Lanka to foster reconciliation between the sides that fought a long civil war that ended seven years ago.

A report with respect of the proposed bus fare hike based on the annual bus fare amendment will be submitted to the Cabinet today (12).

Sri Lanka’s Supreme Court on Monday temporarily suspended government tax hikes that came into effect on May 2 because they had not yet been approved by the parliament.

Hambantota District MP and former President’s son Namal Rajapaksa has been arrested by the Financial Investigation Division a short while ago on Monday (11), an official said.

By landing at the Sri Lanka Air Force station Batticaloa in a SLAF MA-60, President Maithripala Sirisena declared open the renovated Batticaloa runway yesterday (10th July).

The vehicles of all 225 parliamentarians purchased using the special duty free permit provided to them is to arrive in the country within three to four months, Ministers Nimal Lansa and Thalatha Athukorale said.

Former Central Bank Governor Arjuna Mahendran is to be given a post in the Economic Affairs Ministry.

A clear divide among the members of the Committee on Public Enterprises (COPE) was seen last week, with regard to the Treasury Bond (TB) scandal and former Central Bank (CB) Governor Arjuna Mahendran…

China’s Foreign Minister Wang Yi said Friday his country will align its maritime silk road project with Sri Lanka’s development plans to enable the island nation to become a shipping hub in the Indian Ocean.