President Ranil Wickremesinghe has committed to driving Sri Lanka’s economic progress by transitioning from traditional plantation industries to a modern agricultural enterprise. He announced plans to eliminate bureaucratic obstacles through new legislation and advanced managerial practices in the plantation sector.
Speaking at the inauguration of the Athurugiriya National Institute of Plantation Management’s new academic and…
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The Committee on Public Finance of the Parliament has expressed strong displeasure over the absence of officials from the Ministry of Public Security and the Immigration and Emigration Department during a crucial discussion on the issuance of online visas for foreigners visiting Sri Lanka.
The committee chairman Dr Harsha de Silva highlighted that officials from…
In the ongoing legal battle over the leadership of the Sri Lanka Freedom Party (SLFP), the Colombo District Court has rejected preliminary objections raised by President's Counsel Romesh De Silva. De Silva, representing the newly appointed SLFP Chairman Dr. Wijeyadasa Rajapaksha, filed the objections in response to a case brought by MP Duminda Dissanayake, acting…
In celebration of Vesak week, the Permanent Mission of Sri Lanka in New York organized an almsgiving event on May 14, 2024, for Buddhist monks from the Tri-State area. The event saw the participation of 20 monks from various Buddhist Viharas, including the New York Buddhist Vihara, Staten Island Buddhist Vihara Meditation Center & Healing…
In a significant development within Sri Lankan politics, Maithripala Sirisena has tendered his resignation from the position of Chairman of the Sri Lanka Freedom Party (SLFP). This decision comes as a surprise to many, marking a pivotal moment in the country's political landscape.
The resignation, announced following an unanimous vote by the Executive Committee, signals…
During a recent discussion hosted at the Central Bank of Sri Lanka, Murtaza Jafferjee, Chairman of the Advocata Institute, raised concerns regarding a recent Cabinet decision. The decision in question pertained to the approval granted to the Ceylon Electricity Board (CEB) to procure renewable energy from Adani at a rate of 8 cents USD per…
The Sri Lanka Podujana Peramuna (SLPP) is gearing up for the upcoming Presidential election, but the party is yet to finalize a candidate for the presidency, according to statements made by SLPP founder Basil Rajapaksa today.
Speaking to reporters during the inauguration of the party's election office, Rajapaksa revealed that President Ranil Wickremesinghe is expected…
In a significant economic forecast, Bingumal Thewarathanthri, the CEO of Standard Chartered Sri Lanka, discussed the trajectory of the Sri Lankan rupee, in the presence of the Central Bank Governor Nandalal Weerasinghe.
During the gathering, Thewarathanthri made a noteworthy prediction, stating that the rupee is anticipated to depreciate by approximately 5 to 7% following its…
In a distressing incident, an elderly gentleman fell victim to a robbery in Mount Lavinia shortly after withdrawing Rs. 40,000 from a local bank.
Surveillance footage captured the harrowing ordeal as the 92-year-old man made his way home, only to be targeted by a thief lurking in the vicinity. The footage depicted the assailant trailing…
In a recent session, the Committee on Public Finance (CoPF) granted approval for the amendment of the Recovery of Loans by Banks (Special Provisions) (Amendment) Bill. The amendment aims to introduce legal provisions for the suspension of the Parate Law until December 15, 2024, signaling a temporary reprieve for borrowers facing property acquisition by banks…