The failure to complete the construction of the power transmission line linking Kotmale, Polpitiya, Padukka and Athurugiriya resulted in the inability to avoid an all island blackout, a top engineer said. The blackou
Some 27 chartered accountancy firms have been found advising their clients to avoid paying income taxes, a senior Presidential Advisor said yesterday. Senior Presidential Advisor Ashu Marasinghe told a briefing that some 27 chartered accountancy firms have been advising their clients to avoid paying income taxes by hiding their revenues.
The government should positively intervene on behalf of the issues pertaining to a workforce that brings an annual income of Rs.5 billion and save the migrant workers from contracting HIV, the pressure groups urged yesterday.
Kurunegala former Mayor Thushara Sanjeewa Vitharana and four others who stood indicted with demolishing King Buwanekabahu’s Palace and pleaded guilty and were sentenced to three-year rigorous imprisonment by Kurunegala High Court Judge Lal Bandara Ranasinhge yesterday. Former Municipal Commissioner Pradeep Tilakaratne, former Municipal Engineer, Chaminda Bandara Adikari, Works Supervisor Ilalludeen Zulfikar, and Backhoe Operator S.P.Laxman
The International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka, Peter Breuer, said during a virtual press conference yesterday that discussions are progressing between the IMF and the government regarding the implementation of a property tax in 2025. Breuer further mentioned that the Fund has been actively providing technical assistance to Sri Lanka in this matter. While acknowledging that implementing such a tax is a very long and
A severe drought is predicted between February and the middle of next year posing a threat to the country’s food security, especially at a time when people endure hardships due to the economic crisis, experts warn. This transpired at a top level scientific session organized by the Association of SAARCSFOOD in Sri Lanka on climate change and its impact on food security in Sri Lanka. Assistant Repr
The Court of Appeal in its majority decision yesterday affirmed the convictions and the sentence imposed against three accused in connection with South Asia’s largest VAT scam. The Colombo High Court had convicted and sentenced these three accused for committing criminal misappropriation of nearly Rs. 3.9 billion of Treasury money. With J
Senior and respected Consultant Physician (Chest & Critical Care ) Dr.Vajira Tennekoon’s book, “Of Kings & Nobles,” which delves into the history, politics, and battles of Sri Lanka, was recently launched at the Nawaloka Auditorium with the participation of a large crowd. Pic by Nisal Baduge
The Government announcement of flexible opening hours of bars and liquor stores as a result of budget reading 2024 and its implications on the alcohol industry has a serious impact on health and economy of the country, the ADIC said yesterday. Alcohol and Dru
The 750 year old historic Bo tree at the Gedige Vihara in Asgiriya Maha Vihara had collapsed on Tuesday evening (12). History has it recorded that this Bo tree had been named after the consort of Vickramabahu 111 who ruled during the Gampola period. The Anunayake of the Asgiriyia Chapter Ven.Wendaruwe Upali Thera said no one was hurt in the incident.
A controversy has surfaced regarding the appointees to the Medical Council by the previous minister of health suggesting that he had violated the Medical Ordinance. This surrounds the alleged violation of Section 29 (f) of the Medical Ordinance, which stipulates that at least two council members nominated by the Minister must not be in the employment of the government or receiving a government pension. It has com
Parliament yesterday approved Budget 2024 thus giving approval for the reforms recommended by the IMF just a day after its second tranche under the extended fund facility. The third reading of the budget therefore was approved by a majority of 41 votes with 122 members voting in favour and 81 against. Some 21 members were absent during the time of voting. MP C. V. Vigneswara
Fall armyworm pest commonly called Sena Dalambuwa that caused much havoc about three years ago destroying maize cultivation in several areas has raised its ugly head again in the Ampara District much to the anxiety of the farmers. Farmers said the recurrence of the pest had caused extensive damage to the maize cultivation in Damana and Uhana divisions in the Ampara District. They said they used recommended agrochemicals and in addition the tra
CBSL further eases monetary policy stance
CBSL’s single policy interest rate mechanism comes into effect today
Sri Lanka Economic Summit in January 2025
Industries Ministry public day re-launched after four years
Third review approved by IMF, SL to get next US$ 333 million tranche
Govt. taking allegations against Adani seriously
SriLankan Airlines comes under Finance Ministry
Dr. Mahipala out from Health Ministry; removal or resignation?