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75 percent of a bottle of alcohol is taxes
Treasury forced to bear responsibility for Rs 2 bn in loans By Shamindra Ferdinando State Finance Minister Ranjith Siyambalapitiya has said that the State Banks weren’t in a position to release funds to the Paddy Marketing Board (PMB) as the enterprise owed them a staggering sum, running to over Rs 20 bn. Due to the […]
The Parliamentary Select Committee to ensure gender equality has decided to propose amendments to the Children and Young Persons Ordinance to consider all those below 18 years as children. The PSC presided by its Chairperson Dr. Sudarshini Fernandopulle that met in the Parliamentary Complex last week also decided to replace the reference ‘young persons’ in […]
At least 80 houses were destroyed due to a fire that broke out in a highly congested area in Colombo on Tuesday (27) night. Around 220 people had been displaced, the police said. The fire broke out at Kajeemawatte in Thotalanga at around 8 pm on Tuesday and it took firefighters several hours to bring […]
By Shamindra Ferdinando Civil society activist and former Parliament Director Administration Lacille de Silva says that the Speaker should be held responsible for the continuing failure to initiate action in respect of reports submitted to the House. The outspoken ex-official said so when The Island asked him whether he backed lawmaker Prof. Charitha Herath’s push […]
Thursday 29th September, 2022 President Ranil Wickremesinghe is reported to have had several productive meetings in Japan and received assurances of more Japanese assistance. This is certainly good news amidst reports of doom and gloom. There is something even more uplifting; Japanese Foreign Minister Yoshimasa Hayashi has said, at a meeting with President Wickremesinghe, that […]
The Central Bank of Sri Lanka co-hosted the CBSL-ADBI-APAEA Online Macroeconomics Conference for the third consecutive year, in collaboration with the Asian Development Bank Institute (ADBI) and the Asia-Pacific Applied Economics Association (APAEA), on 23 September 2022. This year’s theme remained same as the previous year; ‘Emerging Issues for Macroeconomic Stability’. Inaugurating the Conferenc...
By Saman Indrajith The SJB says it has no confidence in Speaker Mahinda Yapa Abeywardena as the latter. Addressing the media, in Colombo, yesterday, Chief Opposition Whip and Kandy District MP Lakshamn Kiriella said his party had observed that Speaker Abeywardena did not act impartially. “The latest manifestation of the Speaker’s bias towards the government […]
The Republic of Korea (RoK) has, through the Korea International Cooperation Agency (KOICA), provided a grant worth USD 6 mn to Sri Lanka to help communities affected by Covid-19 in the Central and Uva Provinces, KOICA said yesterday. According to KOICA, about 64,000 would directly benefit from this project whereas there would be about 900,000 […]
In Sri Lanka, there are two enduring issues that annoy all those who detest blatant use of ‘institutionalised’ repression, as it were. The first is the torturing of the new entrants to universities, which is customarily called “ragging”, which conveniently camouflages its perverseness behind a mask of pseudo-intellectuality. The other is the abuse of power […]
Some thoughts about electricity bills of religious places BY Dr Tilak Siyambalapitiya News this week that the electricity bill of a temple has increased from Rs 58,000 to Rs 300,00 per month, shows the weaknesses in the pricing structure that prevailed for decades, and the weakness that is propagated into the future by the new […]
The Sri Lankan Government has been accused of misusing the Official Secrets Act to designate public streets and Government buildings in Colombo as high security zones. Human Rights Watch said the Government should reverse the new regulation that unlawfully restricts protests in large areas of the capital, Colombo. On September 24, 2022, a day after the […]
With impressive financial results in the first half of 2022, Union Assurance PLC has reinforced its position as a high-performing Life Insurer in Sri Lanka. Despite operating in challenging market conditions, the Company saw growth across a number of key areas. According to the interim financial statements for the six months ended June 30, 2022, […]
President Ranil Wickremesinghe and Japanese Prime Minister Fumio Kishida today discussed opportunities to further strengthen relations between the two countries. Wickremesinghe met the Japanese Prime Minister at the Akasaka Palace in Tokyo. The Japanese Prime Minister warmly welcomed President Wickremesinghe and extended his best wishes on his appointment to the Office of President. Meanwhile, Pre...
A Ugandan national who had been hiding with 17 packets of cocaine inside his stomach has been arrested on arrival at the Bandaranaike International Airport (BIA) in Katunayake.
In parallel with the International Day for Universal Access to Information which falls on September 28, a new unit “Counter Disinformation Unit” was launched by the President Media division.
Special mechanism to provide relief to those displaced due to fire in Kajeemawatte, on President’s directive
President Ranil Wickremesinghe met Japanese Prime Minister Fumio Kishida at Akasaka Palace in Tokyo today (28).
The age of a person recognised as a child in Sri Lanka has been raised from 16 to 18 years. Amendments proposed to the Children and Young Persons Ordinance notes that the age of a person who will be recognised as a child will be raised from 16 to 18 years. This was discussed at […]
The United States (US) wants to ensure the people of Sri Lanka recover from current crisis and thrive. The United States Permanent Representative to the UN Agencies in Rome, Ambassador Cindy McCain concluded a two-day official visit to the North Western and Central Provinces of Sri Lanka today. Accompanied by the United States Ambassador to […]
Amendments proposed to the Children and Young Persons Ordinance establishes that the age of a person who shall be a child will be raised from 16 to 18 years.
Market is waiting for some cues for direction from T-bond auction on Thursday.
Market still sees foreign inflows since an IMF announcement last month
The Bank of England sought to quell a fire-storm in the British bond market, saying on Wednesday it would buy as much government debt as needed to restore financial stability after chaos triggered by the new government s fiscal policy.
The State Minister of Finance, Ranjith Siyambalapitiya has requested the heads of state banks to consider the possibility of granting financial relief for the entrepreneurs who have obtained loans while safeguarding the financial status of the banks.
A group of youths including State Minister Prasanna Ranaweera s son have been arrested by Kiribathgoda Police and released on police bail in connection with an incident of assaulting two schoolboys I the Kiribathgoda area.
President Ranil Wickremesinghe has concluded his official two-day visit to Japan and is set to depart Tokyo shortly.
Three individuals in possession of 150 kilograms of Kerala cannabis have been arrested in the Mannar area.
The Court of Appeal has issued a writ order cancelling all decisions and recommendations by the Presidential Commission of Inquiry (PCoI) on incidents of political victimization against Deputy Solicitor General Janaka Bandara, says Ada Derana reporter.