Latest Sri Lanka News and Top Stories

The government says it would find the billions of dollars that the Rajapaksas had allegedly hidden in many foreign countries, no matter how long it took.

The 70th budget, the first ever budget of the National Government presented by Finance Minister Ravi Karunanayake in Parliament yesterday, proposes to provide relief to people by reducing the prices essential commodities.

The case of m.v. Avant Garde, a “floating armoury”, has acquired a new dimension since the Sri Lankan Navy boarded the vessel on October 6 to discover a massive stash of weapons on board.

Second Reading of the Appropriation Bill for Budget 2016 (Budget Speech) will take place today (20) at the Parliament, said the Deputy Secretary-General of the Parliament Mr.Neil Iddawala.

Telecommunications and Digital Infrastructure Minister Harin Fernando hit out at “conspirators” within the ruling camp trying to sabotage the understanding between the UNP and the SLFP for petty political gains.

The government will present its 2016 budget proposals today in parliament and the business community’s expectation is that the budget would help their businesses while contributing to the development of the country in the medium and long terms.

Sri Lanka’s Consumer Affairs Authority had set new Maximum Retail Prices (MRP) for six new essential consumer items with immediate effect, Industry and Commerce Minister Rishad Bathiudeen said.

In this interview, opposition parliamentarian Bandula Gunawardene speaks to C.A.Chandraprema about the way out of the looming budgetary crisis.

Sri Lankan Finance Minister Ravi Karunanayake will seek to boost tax revenues and rationalise spending in the new government’s first full-year budget on Friday, but analysts see him showing little commitment to fiscal consolidation.

Over 10,770,000 sticks of illegally imported counterfeit cigarettes have been seized by the Sri Lanka Customs, this morning (18).

Dr. Neville Fernando, Chairman of the Neville Fernando Hospital in Malabe, said he would sue Chairman of the Sri Lanka Medical Council Professor Carlo Fonseka with a demand of Rs 500 million over allegations he has made regarding the death of Most Ven. Maduluwawe Sobhitha Thera.

Explosive revelations about the ongoing Avant Garde controversy continue to shake the ruling Government, with new audio tapes emerging yesterday that appears to implicate a senior aide to Minister Rajitha Senaratne as accepting a Rs. 5 million bribe

President Maithripala Sirisena will present a Cabinet Paper to abolish the Executive Presidency and to introduce a new electoral system at the Cabinet meeting scheduled to be held tomorrow (18).

The Commission to Investigate Allegations of Bribery or Corruption has launched a special investigation into the Avant Garde private security firm as the Commission has received a complaint against it…