Pakistan, Sri Lanka FTA discussed

The Consul General of Sri Lanka in Karachi G.L Gnanatheva visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) to meet Dr. Mirza Ikhtiar Baig, Senior Vice President, FPCCI and discussed the bilateral trade, investment and potential of the Free Trade Agreement between Pakistan and Sri Lanka.



Sri Lanka to use reserves to repay $1 billion loan

Sri Lanka has arranged $1 billion to repay a five-year sovereign bond maturing next week partly from its declining reserves, sources from both the central bank and finance ministry said on Friday.



Wimal ordered to pay Tilvin Rs. 10 million

MP Wimal Weerawansa has been ordered by the Colombo Commercial High Court to pay Rs 10 million in compensation to JVP General Secretary Tilvin Silva.



New ministers sworn in

Two new non-Cabinet ministers and one deputy minister have taken oaths before President Maithripala Sirisena today (11), at the Presidential Secretariat in Colombo.



Government promises citizen-friendly Budget

Promising to bring a ‘citizen-friendly Budget’ in March, Prime Minister Ranil Wickremesinghe yesterday (10), said in Parliament that the priority of the Government is to stabilise the rupee.



Fuel prices reduced

The retail prices of fuel have been revised with effect from midnight today based on the fuel pricing formula, the Finance Ministry said.



Sri Lanka struggles to repay record foreign debt: PM

Sri Lanka’s prime minister said Thursday the country was struggling to pay back its ballooning foreign debt, blaming a recent political crisis for dealing a “death blow” to the economy.



Central Bank gets USD 400 million swap from RBI

Sri Lanka’s Central Bank on Wednesday said that the Reserve Bank of India (RBI) has agreed to provide $400 million under a swap arrangement to boost the island nation’s reserves.



Both major parties agree to have PC polls under PR system

Public Enterprise and Kandyan Heritage and Development Minister and Leader of the House Lakshman Kiriella told Parliament, yesterday, that both main parties had agreed to hold the elections under the proportional representation (PR) system.



ITN NEEDS COMPLETE REVAMP – MINISTER

The Independent Television Network (ITN) is a ‘den of thieves’ and the best way to reform the institution is to operate it as a “public broadcasting service,” Finance and Mass Media Minister Mangala Samaraweera told Parliament yesterday.



ICC announces amnesty to report corruption in Sri Lankan cricket

Sri Lankan cricketers have been granted a 15-day amnesty to report previously undisclosed information relating to corruption in the sport, the International Cricket Council (ICC) announced on Wednesday.



Carbon tax from Jan 1: DMT

While exempting electric cars, a Carbon Tax will be imposed on directly fossil-fueled vehicles including petrol cars from January 1, Department of Motor Traffic (DMT) Commissioner General A.H.K. Jagath Chandrasiri said today.



Sri Lanka to launch WeChat Pay for Chinese tourists

A Sri Lankan bank said on Wednesday that Chinese tourists visiting the island country could pay for their goods and services through the WeChat Pay facility in order to attract more Chinese tourists.



Shavendra Silva appointed Army Chief of Staff

Major General Shavendra Silva has been appointed as the Chief of Staff of the Sri Lanka Army, Army Spokesman Sumith Atapattu said today.



Economy would collapse at any moment – Mahinda Rajapaksa

Opposition Leader Mahinda Rajapaksa says there is a clear danger of a collapse in the economy and breakdown in the governmental mechanism of the country, due to the UNP led government and irrational provisions of the 19th Amendment.



Three new Supreme Court justices sworn in

Three Supreme Court Justices and one Court of Appeal judge have been sworn in before President Maithripala Sirisena, today (09).