Chinese Firm Acquires Lucrative Lithium Mine for U.S.$1,75 Billion
CHINA Natural Resources has acquired a lithium mine, Williams Minerals at a cost of US$1, 75 billion from Feishang Group and Top Pacific (China).
IMF defends tax hike in Sri Lanka
The International Monetary Fund (IMF) has defended the tax reforms which has drawn strong public opposition in Sri Lanka.
USAID, and FAO to boost Sri Lanka rice-based ecosystem productivity
FAO, USAID, and the Ministry of Agriculture’s Department of Agriculture are developing a plan of action to increase the paddy productivity of the Dry and Intermediate Zones.
China expresses willingness to support indebted nations constructively
Chinese Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations in a constructive manner,” China Central Television reported.
Sri Lanka and India resume passenger ferry services
Sri Lanka and India have joined hands to recommence passenger ferry services between Knakesantuhrai and Pondicherry in South India this month, official sources said.
Greece's transport minister resigns over train crash
This photo taken on March 1, 2023 shows the site of a collision of two trains at Tempi municipality, Greece.
Rupee appreciates further as CB tweaks guidance peg
The Sri Lankan rupee further appreciated yesterday, hitting the lowest value against the US dollar since May, last year, amid the Central Bank tweaking the guidance peg.
Depth of crisis affirms SL needs new economic development model: WB
As the economic collapse and political instability have devastated the lives and livelihood of the people of Sri Lanka, the island nation is in dire need of a new development model, the World Bank (WB) said.
China tells IMF willing to take constructive part in debt talks
Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported.
Two-day debate pertaining to LG polls next week
Leaders of political parties representing Parliament has decided to have a two-day debate on the situation pertaining to the local government elections in the House next week, Parliament media unit said.
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Identify those evading tax payment by failing to disclose their income: Minister
Finance State Minister Ranjith Siambalapitiya today informed the Inland Revenue Department Commissioner General to take immediate action to identify persons engaged in certain professions who have evaded payment of tax without showing their income.
Final agreement with IMF to be signed in March
Sri Lankan government will sign the final agreement with IMF on the latter's bailout package for the country next month after which assistance would come from multinational donors and a few countries, two presidential advisors said yesterday.
Iran investigating poisoning of 650 schoolgirls
At least 650 girls have been poisoned by toxic gas in Iran since November, in what many believe is a deliberate attempt to force their schools to shut.
government expects rice prices to fall following SSCL removal
The government expects a considerable fall in rice prices following the removal of the Social Security Contribution Levy (SSCL) imposed on the purchasing of paddy, production of rice and marketing.