Latest sugar tax scam: ‘IMF’s conditions disregard regardless of suspension of bailout package’ By Shamindra Ferdinando Top SJB spokesman Mujibur Rahman yesterday (12) alleged that a section of the Wickremesinghe-Rajapaksa government seemed to be raising funds for the presidential election scheduled for next year.The former SJB MP said that a well-organised operation was underway to raise funds [&...

The Editors’ Guild of Sri Lanka has expressed its profound sorrow at the passing away of one of its founding members, Mr. Gamini Weerakoon, whose funeral took place in Colombo yesterday. Mr. Weerakoon was the former Editor of The Island and the Sunday Island.He joined Associated Newspapers of Ceylon Ltd., as a parliamentary reporter in […]

ECONOMYNEXT –The government is ready to provide the necessary facilities and a comprehensive plan for a revival of the spice industry, President Ranil Wickremesinghe said last week “Sri Lanka once had the world’s best spices, but our neglect of the industry in the past 30-40 years has led to a decline in our income from […]

The World Bank’s Board of Executive Directors on Thursday approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector. “Sri Lanka’s economic crisis highlights the need for strong safety nets to support the financial sector. Stable and reliable banking sector is essential for the economy, businesses and individuals, small […]

by Rex Clementine The Cricket administration headed by Shammi Silva is getting roasted these days for the mess they have created and the humiliations the national cricket team has suffered. Together with them the national selection committee and Consultant Coach Mahela Jayawardene, who had a free hand to put cricket right, deserve blame for his […]

The Chairman of the Central Environment Authority (CEA), Supun S. Pathirage and two others who were arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on Friday (10) while accepting a 10 million rupee bribe from a foreign party have been remanded till Monday (13) by the Colombo Magistrate’s court.

Chairman of the Central Environment Authority (CEA), Supun S. Pathirage was arrested on Friday at his office after he obtained a 10 million rupee bribe from a foreign party, the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) said. He has demanded the bribe to issue necessary approval to start their operations here. President […]

The cost of foreign loan interest that the Sri Lanka Ports Authority (SLPA) had to pay in 2022 increased by 200 percent compared to the previous year due to the depreciation of the Sri Lanka rupee, the SLPA’s 2022 Annual Report states. However, the SLPA reported a net after tax profit of 42.3 billion rupees […]

There were at least 50,000 tonnes of sugar in storage units when the tax was increased by 49.75 rupees on 02 November, former Minister and leader of the United Republican Front (URF) Patali Champika Ranawaka said. Ranawaka, who is also the Chairman of the parliamentary Ways and Means Committee, said that there was a massive […]

Delivering the keynote address at the Annual Graduation ceremony of the Bandaranaike Centre for International Studies held at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo today (10), President Ranil Wickremesinghe outlined Sri Lanka’s strategic focus on expanding economic cooperation with key international partners. President Wickremesinghe highlighted the country’s i...

The Bandaranaike Centre for International Studies (BCIS) will be honouring late Ambassador Dr. Jayantha Dhanapala for his invaluable contribution to diplomacy and his unwavering commitment to the promotion and safeguarding of Sri Lanka’s national interest, at the convocation of its International Relations Programme 2023 to be held at the BMICH, Colombo, today. A BCIS press […]

By Pof.K. Tennakone Today, the world celebrates science. The United Nations proclaimed 10th November as World Science Day to highlight the importance of science for peace and development. The theme this year is building trust in science. The method of science stands unshakably as the only reliable avenue available for understanding nature by solving problems. […]

‘2017 Foreign Exchange Act must be repealed’ By Shamindra Ferdinando President Ranil Wickremesinghe’s Director General on Trade unions Saman Ratnapriya yesterday (08) denied what he called the Opposition’s unsubstantiated claim that sugar importers had benefited from the latest increase in the Special Commodity Levy from 25 cents per kg of sugar to Rs 50 per […]

The US International Development Finance Corporation (DFC) yesterday announced it had committed more than half a billion dollars to support the development of a deep water shipping container terminal in the Port of Colombo, Sri Lanka, that will provide critical infrastructure for the South Asian region. The new terminal reflects DFC’s commitment to financing high-quality […]

The report by a Committee headed by Justice K.T. Chitrasiri to introduce a new Constitution to Sri Lanka Cricket through a parliamentary act was formally handed over to the Chairman of the Cabinet Sub-Committee appointed to resolve Sri Lanka Cricket issues, Minister of Foreign Affairs Ali Sabry by President’s Secretary Saman Ekanayake today (09) on […]

State Minister of Social Empowerment Anupa Pasqual attending a press conference held at the Presidential Media Center today (08), said that promoting accessible travel and creating an inclusive environment will be the theme for this year’s  International Day of Persons with disabilities. The United Nations has declared December 3 as the  International Day of Persons […]

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By Shamindra Ferdinando The National Aquatic Resources Research and Development Agency (NARA) yesterday (07) denied accusations that the premier marine research institute continued to cause massive loss of revenue to the government due to its failure to achieve key responsibility in preparing Electronic Navigation Charts (ENC)/hydrographic maps to be sold to foreign vessels passing through […...

Minister of Ports, Shipping and Aviation, Nimal Siripala de Silva recently received an assurance from Saudi Arabian Ambassador to Sri Lanka, Khalid Hamoud Nasser Alkahtani, that KSA would support ongoing economic recovery efforts. They met on Nov 6. During the meeting, the Saudi Arabian Ambassador expressed appreciation for the rapid progress achieved by Sri Lanka’s […]