Japanese giant Mitsubishi Corp. to wind up Lankan operations next month
Japanese giant Mitsubishi Corporation has decided to wind up operations in Sri Lanka next month after being an integral part of bilateral ties and some of the country’s key infrastructure projects for nearly 60 years.
Govt makes changes in PAYE tax under mounting pressure
Under intense pressure, the Government yesterday announced revision to the circular on personal income tax relaxing certain incentives provided for an employee whose monthly income exceeds Rs. 100,000.
Govt to shut down 55 project offices retarding development
In a bid to cut down on costs, the Government has decided to shut down 55 project offices whilst suspending 32 operations of other management units of large-scale development projects.
Tourist arrivals to Sri Lanka increases over 26,000 in the first week of February
The tourist arrivals to Sri Lanka in the first week of February crossed over 26,000, propelling the cumulative figure to 129,051 continuing the growth momentum.
Alleged use of SPC funds to pay Keheliya’s mobile phone bill: Case fixed for further pre-trial
A corruption case filed against Minister Keheliya Rambukwella and former State Printing Corporation (SPC) Chairman Jayampathi Bandara Heenkenda was today fixed for further pre-trial to be held on March 9 by Colombo High Court.
Alleged use of SPC funds to pay Keheliya’s mobile phone bill: Case fixed for further pre-trial
A corruption case filed against Minister Keheliya Rambukwella and former State Printing Corporation (SPC) Chairman Jayampathi Bandara Heenkenda was today fixed for further pre-trial to be held on March 9 by Colombo High Court.
Paris Club Creditors and other SL bond holders agree on debt restructuring
Paris Club Creditors have agreed to provide financing assurances to support the International Monetary Fund's approval of an extended fund facility (EFF) for Sri Lanka, the Paris Club said on Tuesday.
Tense situation near Parliament between Police and Buddhist monks
A tense situation was reported at the Polduwa Junction near Parliament a short while ago between the Police and a group of Buddhist monks.
Remittance outflow from Qatar contributes $600mn to Sri Lankan economy
The Sri Lankan expatriate community in Qatar, which is around 120,000, generates about $600mn in remittances to the South Asian nation’s economy, the country’s top diplomat in Qatar has said.
President vows to appoint Presidential Commission to look into Political Parties
President Ranil Wickremesinghe said he would appoint a Presidential Commission to look into the Political Parties of Sri Lanka and submit a report regarding the methodology which they should implement.
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China agrees to attend roundtable discussion on Sri Lanka debt issue
China’s high-level state finance official team is to attend a roundtable meeting with other creditors and several donor countries are to discuss Sri Lanka’s debt restructuring process this month in India.
Paris Club members express commitment to negotiate debt restructuring with Sri Lanka
The Paris Club members have expressed their commitment to negotiate a debt restructuring with Sri Lanka in accordance with the comparability of treatment principle and with the goal of restoring debt sustainability, the President's Media Division (PMD) said today.
Hirunika and her mother urge SC to set aside Presidential Pardon granted to Duminda Silva
Former Parliamentarian Hirunika Premachandra and her mother Sumana Premachandra through their lawyers yesterday urged Supreme Court to set aside the Presidential Pardon granted to former Parliamentarian Duminda Silva for not following the provisions stipulated in the proviso to Article 34 (1) of the Constitution.
RW speaks to Turkish President; offers assistance
President Ranil Wickremesinghe has spoken to Turkish President Recep Tayyip Erdogan a short while ago and extended his support for the people of Türkiye and offered assistance to the country.