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Sri Lanka to get Indian grant of $61.5mn to fully develop KKS Port
The Indian government has agreed to provide a grant of USD 61.5 million to fully develop the Port of Kankesanturai (KKS), Indian High Commissioner to Sri Lanka, Santosh Jha has said.
This was revealed during a recent meeting between the…
President Ranil unveils vision for rapid transformation into export economy
If Sri Lanka continues to rely on borrowing to address the imbalance between imports and exports, the nation will inevitably confront another economic crisis within a decade, says President Ranil Wickremesinghe.
He also underscored his…
PAFFREL concerned over proposal to amend electoral system, warns of election delay
The elections are likely to get postponed if the proposals put forward to amend the parliamentary electoral system are not properly implemented, the People’s Action for Free and Fair Elections (PAFFREL) has said, raising concerns about the…
Sri Lanka inks agreement with Microsoft to introduce AI to school curriculum
A Memorandum of Understanding (MoU) was signed between the Ministry of Education and Microsoft Corporation at the Presidential Secretariat on Tuesday (19), marking the commencement of a pilot project to integrate Artificial Intelligence…
Prepare for presidential election first: President tells Cabinet
President Ranil Wickremesinghe has told the Cabinet of Ministers that the Presidential Election would be held prior to the General Election.
At the Cabinet meeting held on Monday (March 18), Wickremesinghe has reportedly asked the…
Sri Lanka to import 42 million more eggs from India
The Cabinet of Ministers has green-lighted a proposal seeking permission to award procurement contracts to import eggs from India, based on the recommendations of the Procurement Committee.
As such, 42 million more eggs are to be…
Japan provides Rs. 3.3 billion grant assistance to Sri Lanka for several projects
Sri Lanka and Japan today signed the Exchange of Notes pertaining to the grant assistance amounting to Japanese Yen 1,600 million (approximately LKR 3.3 billion) to be provided under the Japanese Economic and Social Development Programme.…
Eran Wickramaratne steps down from COPE
Samagi Jana Balawegaya (SJB) Parliamentarian Eran Wickramaratne has resigned from his position as a member of the Committee on Public Enterprises (COPE).
Speaking at a press conference this morning (18), Wickramaratne stated that he has…
ADB approves USD 100 million loan to support SMEs in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and…
Suspect arrested with over 1kg of heroin in Hanwella
A suspect has been arrested while in possession of more than 01 kilogram of heroin in the Balagewatte area in Hanwella by officers of the Walana Anti-Vice Squad, police said.
The 42-year-old, a resident of Brandigampola, was arrested…