PM says he instructed Mahendran to follow transparency procedures during bond transactions


Prime Minister Ranil Wickremasinghe told the Commission of Inquiry (CoI) appointed to look into alleged malpractices of issuing treasury bonds that he had instructed former Governor of Central Bank (CB) Arjun Mahendran to follow due procedures on transparency when opening private placements for controversial treasury bonds bidding in early 2015.

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Petroleum Resources Ministry urges public not to panic, says no fuel shortage and opens hotline for inquiries


The Petroleum Resources Ministry has urged the public not to panic and assured consumers that the country is not undergoing a fuel shortage.

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Prime Minister Wickremesinghe before the PCoL


Prime Minister Ranil Wickremesinghe arrived before the Presidential Commission of Inquiry (PCoI) into the Central Bank Bond issue today.

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SL Tourism Promotion Bureau to be revamped


The Government is considering revamping the Sri Lanka Tourism Promotion Bureau (SLTPB) in the wake of allegations against delays in getting the tourism industry’s much-awaited digital campaign off the ground on time.

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Gintota situation under control


Addressing concerns over the recent tensions which erupted in Gintota, Law and Order Minister, Sagala Ratnayake issued a statement saying the situation has completely been brought under control.

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Brandix in JV to produce synthetic fabric and webbing at new factory


Sri Lanka’s leading exporter Brandix has announced plans to launch a joint venture with the global synthetic materials manufacturer Best Pacific of Hong Kong to produce synthetic fabric and webbing in Sri Lanka with specific focus on warp knit synthetic fabric.

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New Sri Lankan foreign exchange laws effective today


The long-awaited Foreign Exchange Act, passed by Parliament and replacing Sri Lanka's archaic Exchange Control Act making the transaction of foreign exchange more relaxed than before, will come into operation today  (Monday).

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SriLankan flies shy of ‘emergency’


SriLankan Airlines has responded to our report last week about the emergency landing of its flight in Kunming: “The flight that was referred to never ‘made’ an emergency landing, but ‘landed safely’ without any emergency being declared,” it says taking umbrage under technical jargon.

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Jaliya has no immunity; warrant for arrest


Do Sri Lankan diplomats who have concluded their postings in foreign capitals enjoy diplomatic immunity? The question has come to the fore in the wake of one of them facing court action over the alleged misappropriation of funds whilst serving in a foreign capital.

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Shangri-La birthday lunch for Rajapaksa


Hotel Shangri-La which was introduced to Sri Lanka by President Mahinda Rajapaksa by handing it the Sri Lanka Army premises in Colombo’s Galle Face area invited the former President to lunch on Friday — the day after the incumbent President Maithripala Sirisena formally declared the hotel open.

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Petrol crisis: Arjuna’s allegations on audio and video tapes


Three former ministers in charge of the subject of petroleum — Chandima Weerakkody, Susil Premajayantha and Anura Priyadarshana Yapa — took up cudgels with the current successor Arjuna Ranatunga over the recent countrywide shortage of petrol.

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Sunday, November 19, 2017