By Rathindra Kuruwita The Cabinet of Ministers had approved the issuance of Investment, Employment and Resident Visas to foreigners, attached in the Colombo Port City, Cabinet Spokesman Minister, Bandula Gunawardena, said yesterday. Gunawardena said that the proposal had been tabled by the Minister of Public Security, Tiran Alles. The Colombo Port City Economic Commission, established […]

Wednesday 21st December, 2022 There has been an upsurge in violent crimes during the past several months. The police are groping in the dark even where high-profile crimes such as the killing of Dinesh Schaffter are concerned. Is it that they are too busy with political work to be able to carry out their regular […]

By Shamindra Ferdinando The European Union will not continue with the Generalised Scheme of Preferences (GSP-plus) facility unless the Wickremesinghe-Rajapaksa government holds the Local Government elections soon, Prof G. L. Peiris, MP, has warned. The Local Government bodies have to be constituted on or before March 20, 2023. The former Foreign Minister has said that […]

India s foreign minister has said that the country has scaled up troop deployment along a disputed border with China to an unprecedented level.

India’s much-awaited Digital Rupee currency (e-Rupee) was launched in the country a few days back. Its wholesale segment commenced from November 1, 2022, and Retail on December 1, 2022. In one way it is a very important historical event and in another, it is a minor one. Minor thing is that the digital transaction of […]

Analysis by Matthew Brooker It was the year that the scales fell from Europe’s eyes on China. Heading into 2023, the clarity engendered by Beijing’s stance on the Russian invasion of Ukraine is in danger of being lost. Leaders of a continent beset by soaring energy prices and economic hardship show signs of wanting to pick […]

The cabinet of ministers approved the proposal presented by the Minister of Foreign Affairs to establish the proposed “office for the affairs of Sri Lankans living abroad” under the Presidential Secretariat enabling the receipt of their assistance to Sri Lanka In the Interim Budget 2022, the Honorable President  proposed to establish an office for the […]

By Hiran H.Senewiratne Earl’s Hotels & Resorts, in a vibrant expansionary drive, has invested over Rs. 4 billion over the last three years to acquire hotels and build several new ones in Sri Lanka and Japan, its General Manager Dinusha Gunasena said. ‘Our latest addition is the Negombo, Earl’s Regent Hotel, which was built with […]

Minister of Labour and Foreign Employment Manusha Nanayakkara says that although the Cabinet has approved the provision of a duty-free allowance in relation to the amount of money sent by migrant workers to Sri Lanka, the officials of the Ministry of Finance and the Central Bank have not yet taken necessary measures for it.

Sri Lanka would sell four plots of land at the Colombo Port City to an investor for the establishment of a facility for bunkering, a minister told journalists on Saturday. Minister of Ports, Shipping and Aviation, Nimal Siripala de Silva  said that they have also called for expressions of interest to start an aviation fuel storage […]

“Ocean Odyssey” carrying 108 American tourists arrived at the Colombo Port yesterday afternoon. Owned by an American company, the vessel is 105 metres long and 18.5 metres wide. It sailed to Colombo from the Cochin Port in India and is scheduled to sail to Trincomalee Port today (19). The shipping agent company, “Dave Marine”, has […]

Ex-top House official says govt. move meant to suppress all media By Shamindra Ferdinando The main Opposition Samagi Jana Balavegaya (SJB) and Jathika Jana Balavegaya (JJB) yesterday (18) condemned a government move to appoint a seven-member Parliamentary Select Committee (PSC) to inquire into the conduct of Siyatha television.The Tamil National Alliance (TNA) didn’t respond to The Island query pe...

Global slowdown may hit India’s growth in 2023-24 IANS: India’s GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report.While buoyant, it would still leave output about 7 per cent below its pre-pandemic potential trend, reflective of impact of the pandemic […]

More than 300,000 have gone overseas on employment through the Sri Lanka Foreign Employment Bureau so far this year.Labour and Foreign Employment Minister Manusha Nanayakkara said that it was the highest number of registered Sri Lankans to have gone overseas for employment in a year. The Minister has tweeted: “For first time in the history of […]

President Ranil Wickremesinghe highlighted Sri Lanka s potential to better itself within the international sphere by adopting a non-aligned foreign policy.