Sri Lanka has no plans whatsoever for reforms going forward, President Ranil Wickremesinghe told a room full of the country’s top private sector business leaders yesterday but instead would be thinking bigger and bolder in terms of its growth agenda.
Sports Minister Roshan Ranasinghe has appointed a six-member Fact Finding Committee to inquire not only about the players’ behaviour during the T20 World Cup in Australia but also to ascertain whether officials showed ’’real concerns’’ for the team members.
Former President Mahinda Rajapaksa had used 43 percent of the total expenditure of the Presidential allocation for his personal staff while former President Maithipala Sirisena has used 57 percent, according to accounts released by the office.
Just five official foreign visits undertaken by former President Gotabaya Rajapaksa and former Prime Minister Mahinda Rajapaksa in 2021 alone had cost the state more than Rs. 40 million, according to details provided by the Presidential Secretariat and the Prime Minister’s Office on a directive issued by the Right to Information Commission.
Sri Lankans can now hold $10,000 worth of the Indian rupee (INR) in a physical form, though the INR would not be legal tender in Sri Lanka, after India approved a Sri Lankan request to designate the INR as the foreign currency.
If Sri Lanka misses the December target, which now appears to be bit of a stretch, the country could still activate the International Monetary Fund (IMF) rescue package to unlock US$ 2.9 billion over a four-year span as very good progress is being made in the debt restructuring front, particularly with the country’s bilateral lenders.
Although the prevailing high interest rate regime may discourage investments, Central Bank (CB) Governor Dr. Nandalal Weerasinghe asserted that curtailing inflation is more critical for the survival of businesses over low interest rates and to avert a Zimbabwe-like scenario.
The Civil Aviation Authority has paid a bill of Rs.60,000 to Sri Lankan Airlines Catering Services for the refreshments served at the Gold Route Service during the arrival of former Finance Minister Basil Rajapaksa last Sunday, after the Daily Mirror exposed that Basil had not paid for the food or the VIP lounge service.
The Samagi Jana Balawegaya (SJB) today questioned the presence of Police Commission Chairman Chandra Fernando and member M. P. Perera at the airport to welcome former Minister Basil Rajapaksa, and wanted them sent out of the commission.
The Thalangama Police has initiated an investigation into a brawl involving several reality TV stars including artist Lawan Abhishek’s brother Shanaka Udeesha who is featuring in a weekday leading television drama ’Sangeethe’.
Sri Lankan cricketer Danushka Gunathilaka who was granted bail under strict conditions by a Magistrate Court in Sydney yesterday will reside in a wealthy Sri Lankan citizen’s house as he will have to provide an immediate local address to the Australian Police, the Daily Mirror learns.
Sri Lankan international cricketer Danushka Gunathilaka has been granted bail on sexual assault charges after a court heard he had the support of the Sri Lankan cricket association and government and a surety of $150,000 was offered.
Staging strong defence against those who sought preferential tax treatment on foreign exchange earning companies, Central Bank Governor, Dr. Nandalal Weerasinghe yesterday questioned whether the decades-long practice of taxing the exporters and others who earn in foreign currency lower had delivered the country the desired objectives.
Third review approved by IMF, SL to get next US$ 333 million tranche
Niloufer Esufally-Anverally Makes a Stylish Comeback with the Launch of NLFR
Global Entrepreneurship Week 2024 kicks off across all 25 districts
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
15-year-old schoolgirl impregnated, mother’s paramour arrested
United in art: Children collaborate to celebrate 35 years of CRC