Category:
USD 200Mn Financial Assistance from ADB for Second I-road Program
Bridging the urban and rural gap by providing services and infrastructure facilities equally across all segments of the country is one of the key focus of the Government Policy Framework. Developing transport network to ensure an efficient and environmentally friendly public transport system will support achieving this envisaged target of the Government. Accordingly, the Government […]
MV X-Press Pearl: Draught remains steady & no trim observes; SLPA clarifies its position
Indian High Commission in Sri Lanka says that relentless efforts by the teams from India and Sri Lanka are matched by incremental results as the draught of MV X-Press Pearl remains steady and no list or trim is observed. Meanwhile, the Sri Lanka Ports Authority releasing a statement clarified its position regarding the sudden fire […]
VIDEO: German researchers claimed to have found cause of blood clotting events
German researchers on Wednesday said that based on laboratory research they have found the cause of rare but serious blood clotting events among some people who have received COVID-19 vaccine made by AstraZeneca and Johnson & Johnson.
Provision of essential Medical Equipment for COVID-19 centres in Sri Lanka
The Ministry of Health, (MOH) organized a ceremony with UNOPS to handover the first batch of 40 essential High-flow Oxygen machines and 100 Syringe Pumps for use in COVID-19 treatment Centres in Sri Lanka, on 12 May 2021.The equipment handed is part of the World Bank’s emergency procurement support to COVID-19 response projects valued at […]
Sanjay Rajaratnam sworn in as new Attorney General
President’s Counsel Sanjay Rajaratnam was sworn in as the new Attorney General before President Gotabaya Rajapaksa at the Presidential Secretariat, today (26). Sanjaya Rajaratnam is the 48th Attorney General of Sri Lanka.He has been serving the Attorney General’s Department for the last 34 years, he went onto hold the post of Senior State Counsel, Deputy […]
Number of measures to minimize damage to marine ecosystem from MV X- Press Pearl Vessel
The Marine Environment Protection Authority (MEPA), security forces and other responsible government entities have launched a comprehensive operation to mitigate the damage to the marine environment and coastline by the MV X-Press Pearl vessel which caught fire and is in distress off the coast of Colombo. The President has instructed the officials to pay special […]
Second stock of Sinopharm added to vaccination drive from today
President Gotabaya Rajapaksa has instructed that the second stock of 500,000 Sinopharm vaccine doses received as a gift from the Chinese Government, be used in the vaccination drive from today (26). Accordingly, plans have been made to distribute the vaccines among several districts based on priorities recommended by the health sector. The SriLankan Airlines flight […]
Serious concerns linger about new Colombo Port City Law: Transparency International
On the 20th of May 2021, the Parliament of Sri Lanka passed the Colombo Port City Economic Bill into law. Two days prior to the vote on the Bill, the Speaker of Parliament revealed to the members of Parliament and the general public the determination given by the Supreme Court of the Country with regard […]
Central Bank extends concessions for COVID-19 affected businesses & individuals
With a view to meeting the challenges faced by businesses and individuals due to the third wave of COVID-19, Sri Lanka’s Central Bank has requested banks to extend the concessions. Accordingly, deferment or restructuring of existing credit facilities in the performing category as well as concessions for credit facilities in the non-performing category has been […]
JKH group revenue up by 17-pct excluding Leisure in Q4
• The Group witnessed a faster than anticipated recovery momentum with the performance of most businesses reaching pre COVID-19 levels with business activity and consumer trends being near normal by the end of the financial year. • Excluding Leisure, Group revenue increased by 17% to Rs.36.15 billion in Q4; up 1% to Rs.122.32 billion in […]
Aitken Spence non-tourism sectors record highest ever PBT of Rs. 5 bn in 2020-2021
During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax of Rs. 5.01 billion for the twelve months ending 31st March 2021 compared to Rs. 4.2 billion last year and partially offsetting the impact of the Group’s Tourism portfolio which […]
Statement by Ajith Nivard Cabraal, State Minister of Money & Capital Markets
Since of late, there has been a massive mud-slinging effort against me and my family carried out in an organised manner by a group of persons. At present, that group is claiming that my son Chatura Cabraal is employed by the Company which is carrying out the construction work of the Colombo Port City, thereby […]