Supreme Court today granted leave to proceed with a Fundamental Rights petition filed challenging the failure and refusal of several government departments to take the necessary steps to hold the Local Government Elections.
With the aim of saving a large amount of foreign exchange flowing out of the country, the government has decided to limit the release of allowances and related expenses for official travel abroad for state sector officials with effect from March 20, informed sources said.
Minister of Tourism Harin Fernando issued an apology to the Maldives for a controversial statement made at an international travel and trade fair, claiming his comments were “taken out of context and misrepresented.”
The US dollar-rupee exchange is likely to remain at Rs.300-325 range in the very near term, while up to US$ 1 billion inflows are expected into the country’s foreign exchange reverses over the next six-month period following the approval of the US$ 2.9 billion bailout package by the Executive Board of the International Monetary Fund (IMF), according to Standard Chartered Bank (StanChart).
Ministry of Home Affairs and Police Department have been requested to take action against the policemen who had entered the university premises during the recent protests, Education Minister Susil Premajayantha told Parliament today.
China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund.
Taking everyone by surprise, the Monetary Board of the Central Bank today raised policy interest rates by 100 basis points, though many predicted the monetary authority to either maintain the status quo or signal a dovish tilt by cutting rates.
The Cabinet approved signing the international conventions relating to generating electricity using nuclear power as it was a reliable, low-carbon base load source of electricity to complement renewable energy sources in the future, Sri Lanka Atomic Energy Board (SLARB) Chairman Professor S.R. D. Rosa said.
The Fort Magistrate has issued an order preventing National People’s Power (NPP) Leader Anura Kumara Dissanayake and 25 others from engaging in protest or demonstration in several areas in the Colombo Fort causing inconvenience to the public and motorists from 1.00 pm till 8.00 pm today.
President Ranil Wickremesinghe said yesterday that the government is seeking the possibility of introducing non-paying wards in private hospitals where the government is taking the tab for the treatments made in those non-paying wards, the President’s Media Division (PMD) said.
India-Sri Lanka ferry service operates smoothly
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life