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Friday, 22 Oct 2021


News

Indian actress deceived into investing in Colombo casino business

2021-10-22 07:24:00

An Indian actress has filed a Police complaint saying she had been duped into investing in a Colombo casino business by her best friend...


USAID provides $ 2.5 million in urgent COVID assistance for Sri Lanka

2021-10-22 07:22:00

The United States, through the United States Agency for International Development (USAID), announced an additional $2.5 million in urgent COVID-19 assistance for Sri Lanka...


New US envoy calls on America to build relationship with Sri Lanka

2021-10-22 07:22:00

President Joe Biden’s nominee as US envoy to Sri Lanka, Julie Chung, has called on America to build constructive relationships with Sri Lanka...


China to invest USD 800 million in renewable energy projects in Sri Lanka

2021-10-22 07:22:00

Sri Lanka will mandate a 70 percent renewable energy share by 2030 forcing state-run Ceylon Electricity Board to prepare a long term generation plan to that effect with cabinet approval , renewable energy minister Duminda Dissanayake said...


CB warns users to bear the risks when dealing in cryptocurrencies

2021-10-22 07:19:00

Setting the record straight on the rising use of virtual currencies, which are also known as cryptocurrencies, the Central Bank said that the users ought to assume the risks associated in dealing with such currencies, as there is neither regulatory oversight nor any legal recourse should they fall victim by engaging with such currencies...


Cuba assists Sri Lanka to develop medicines from ’Murunga’

2021-10-21 07:22:00

Cuba has offered to help Sri Lanka with technology to manufacture medicinal items from drumsticks or Murunga (scientific name; Moringa oleifera), a statement from the Education Ministry said...


Sri Lanka‘s tax collection process debilitate by rampant corruption

2021-10-21 07:20:00

Sri Lanka‘s tax collection process has been somewhat debilitated by rampant corruption and irregularities, Committee on Public Accounts (COPA) in its first report revealed...


CB Governor Nivard Cabraal dispels fears of economic down turn

2021-10-21 07:19:00

Sri Lanka Government is now hurriedly easing the lock down in an economic down turn rapidly engulfing the country as a result of irrational policies followed blindly on ill advice and then reversing it amidst public outrage, opposition lawmakers claimed...


COPA proposes to amend the Inland Revenue Act to expedite tax collection

2021-10-20 07:28:00

Sri Lanka’s tax revenue collection is to be expedited amidst technical and legal issues and certain obstacles in linking state institutions with the Revenue Administration Management Information System (RAMIS) of the Inland Revenue Department (IRD), official sources said...


Sri Lanka’s sugar imports on credit caught up in forex losses

2021-10-20 07:27:00

Sri Lanka’s sugar imports are caught in forex losses on stocks bought on credit, which have to be settled in several months time, amid a depreciating currency which is partly the reason for high retail prices, State Minister for Consumer Protection, Lasantha Alagiyawanna said...


Passport demand increases with more Sri Lankans seeking greener pastures

2021-10-20 07:26:00

More Sri Lankan youths are seeking greener pastures due to a “general collapse of the system, and the absence of hope remains the main reason for them to migrate looking for jobs in overseas and for futher their education, informed sources said...


Central Bank intervenes to tackle importers’ despair

2021-10-20 07:25:00

Sri Lanka‘s dollar shortage is being handled effectively with the intervention of the Central Bank (CB) using new tools introduced in the monetary authority’s six month road map, re-appointed CB Governor Ajith Nivard Cabraal divulged...


India’s Kushinagar airport opens with flight from SL on Wednesday

2021-10-19 07:14:00

Kushinagar International Airport in Uttar Pradesh, India will be inaugurated next Wednesday with a flight of a 125-member delegation including 100 Buddhist monks from Sri Lanka, Daily Mirror learns...


World Bank says school closures had a significant impact in Sri Lanka

2021-10-19 07:13:00

According to the World Bank, extensive school closures led to significant learnings losses and widened disparities in human capital that could undermine growth and lower social mobility in the long term...


Government to declare Sensitive Marine Protection Zone

2021-10-19 07:13:00

Sri Lanka Government is set to declare a Sensitive Marine Protection Zone..


Sri Lanka Cinemas to resume screening of films this week

2021-10-19 07:12:00

Sri Lanka Cinemas have been given approval to resume operations under new health guidelines with effect from 16th October to 31st October issued...


Govt. reverses organic fertiliser direction to protect plantations

2021-10-19 07:07:00

Sri Lanka Government has taken a step back in its resolve to go for organic agriculture risking the immediate future of the plantation industry which was one of the major foreign exchange earners for the country. The Planters’ Association of Ceylon (PA) commended the Government’s decision to allow imports of nitrogen-based fertilisers for the tea industry, but called for distribution to be fast-tracked for the sector to immediately recommence..


Data Protection Bill enacts in Parliament soon to protect personal data

2021-10-18 07:27:00

Sri Lanka is set to ensure the protection of personal data aiming to regulate the processing of such information by presenting the Data Protection Bill in parliament soon (probably next month), Information Communication Technology Agency (ICTA) sources said...


SLASSCOM unveils Environmental, Social and Governance initiative

2021-10-18 07:25:00

SLASSCOM the national chamber for the IT/BPM industry in Sri Lanka recently unveiled its Environmental, Social and Governance (ESG) initiative, in collaboration with the United Nations in Sri Lanka and Global Compact Network in the country...


Government explores cannabis exports regulating cultivation

2021-10-18 07:25:00

Amidst an ongoing forex crisis, Sri Lanka plans to earn a higher return on export cannabis if an initiative is taken by the local industry to extract and export hemp, a type of cannabis plant, to the international market, Minister of Trade Bandula Gunawardana revealed...


Sri Lanka and India renew tourism linkages under Covid-19 new normalcy

2021-10-18 07:20:00

Sri Lanka and India are set to extend existing tourism linkages promoting bilateral travel soon in the near normalcy situation in Covid-18 emerging in the island nation...


Central Bank accelerates printing machine with Rs.19.63 billion fresh cash

2021-10-17 07:22:00

Sri Lanka’s Central Bank is in danger of running out of ink at the rate money is being printed in large volumes of money to keep interest rates artificially low and finance the deficit which has blown apart the balance of payments...


Japan to promote Sri Lanka’s 150-year-old tea industry and tourism

2021-10-17 07:22:00

Japan this week expressed willingness to promote Sri Lanka’s 150-year-old global brand Ceylon Tea, as well as help the revival of tourism post-COVID...


Rapid communication infrastructure development gets underway in rural areas

2021-10-17 07:21:00

The Government on Thursday announced the rollout of rapid development of communication infrastructure in rural areas...


Colombo Port City opens to the public in December

2021-10-17 07:19:00

The Colombo Port City will be opened to the public in December following the completion of the first facility with access to visitors, promoters of China Harbour Engineering Company announced...


Capital Alliance enters Bangladesh Merchant Banking

2021-10-16 07:21:00

Capital Alliance (CAL) –Sri Lanka’s leader in Capital Markets services entered into an investment and partnership agreement with Bangladesh’s BetaOne Investments Limited...


Sri Lanka and Maldives to enhance cooperation in boat and ship building

2021-10-16 07:20:00

Sri Lanka and Maldives have joined hands to enhance cooperation in boat and ship building industries, the Export Development Board announced...


SL refuses to accept global tax deal along with Kenya, Nigeria, Pakistan

2021-10-16 07:19:00

In a surprising move Sri Lanka is still to accept bringing international tax system into the 21st century without giving any reasons, international news agency reports revealed...


CB Governor Nivard Cabraal says Sri Lanka can manage without GSP+

2021-10-16 07:17:00

The Central Bank Governor Ajith Nivard Cabraal says Sri Lanka is ready face any eventuality to mange external trade with certain policy changes, in the event the EU GSP Plus facility is withdrawn...


Sri Lanka Tea faces far-reaching implications from the chemical fertliser ban

2021-10-15 07:29:00

Warning of far-reaching implications from the chemical and agrochemicals ban, and the shortage of suitable fertiliser, the Planters’ Association of Ceylon (PA) recently urged the Government to immediately take a sensible decision to save the industry and the economy...