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Finance Ministry rejects claims of 4,000 vehicle import LCs opened before tax hike
Deputy Minister of Finance and Planning Dr. Anil Jayantha today told Parliament that reports claiming 4,000 Letters of Credit (LCs) were opened on May 15, a day before the government imposed a new 50% surcharge on customs import duties for…
Sajith calls for All Party Conference amid economic downturn
The Leader of the Opposition, Sajith Premadasa has called for an All Party Conference in order to discuss the ongoing economic downturn including the rapid depreciation of the Sri Lankan Rupee.
Premadasa said the opposition has come…
Anti-drug youth summit scheduled for June under “A Nation United” programme
Plans have been made to conduct an anti-drug youth summit on June 26 in line with the “A Nation United” national programme aimed at eradicating the drug menace, according to a statement issued by the President’s Media Division.
A…
Harsha raises alarm over potential rate hike and economic impact
The Central Bank of Sri Lanka (CBSL) may raise interest rates by at least 50 to 100 basis points next week, equivalent to an increase of 0.5% to 1%, Samagi Jana Balawegaya Member of Parliament Harsha de Silva told Parliament Yesterday…
Two Sri Lankan passengers arrested with over 14kg of ‘Kush’ at BIA
Two Sri Lankan passengers have been arrested at Bandaranaike International Airport (BIA) with a consignment of ‘‘Kush’’ narcotics valued at over Rs. 140 million.
The suspects were taken into custody by the Customs Narcotics Control Unit…
Adverse weather damages 200 houses, affects over 5,200 people across the country
The Disaster Management Centre (DMC) says that 200 houses have been partially damaged so far due to the prevailing adverse weather conditions.
According to a report issued by the DMC, the highest number of partially damaged houses has…
Chinese national arrested with stock of foreign cigarettes in Kollupitiya
A foreign national has been arrested in Kollupitiya, near Nimalka Gardens, with 540 sticks of foreign cigarettes allegedly brought into Sri Lanka illegally.
The arrest was made during a raid conducted by officers of the Colombo South…
Sri Lanka marks 17 years since the defeat of three-decade terrorism
Today (18) marks 17 years since the defeat of the brutal LTTE terrorism that plagued Sri Lanka for more than three decades.
The war officially came to an end on May 18, 2009, following the death of LTTE leader Velupillai Prabhakaran at…
“The Time for Wavering is Over”: Realizing the Indo-Lanka Land Link
The ambition of Sri Lanka to establish itself as the premier logistics and maritime hub of the
Indian Ocean is inextricably tied to its relationship with its largest neighbor, India. This
geographic reality was underscored by Y.K. Sinha,…
Indian Naval Ship IOS Sagar to arrive in Colombo today
Indian Naval Ship Sunayna as IOS Sagar with a multinational crew from 16 countries is scheduled to arrive in Colombo today, in continuation of Indian Navy’s endeavour to build ‘Bridges of Friendship’, the Indian High Commission in Colombo…