The $267 billion worth of oil and gas resources in the Mannar Basin could generate three times the country’s total debt – Min. Udaya Gammanpila
Hon. Minister of Energy Udaya Gammanpila stated that the USD 267 billion worth of oil and gas resources hidden in the Mannar Basin could generate three times the total debt of the country. The Minister stated the aforesaid at the Consultative Committee...
Wadduwage Manju Lalith Varna Kumara sworn in as a Member of Parliament
Wadduwage Manju Lalith Varna Kumara was sworn in as a Member of the 9th Parliament before the Hon. Deputy Speaker Ranjith Siyambalapitiya yesterday (01). Following being sworn in before the Hon. Deputy Speaker, he signed the member roll in the...
Finance Bill passed with amendments – Parliament
The Finance Bill debated in Parliament on Thursday (07) was passed with amendments by a majority vote. During the second reading of the Bill, Chief Opposition Whip Lakshman Kiriella called for a division and second reading of the bill was...
Commissioner General of Essential Services is empowered to issue orders to relevant officials as per the Section 5 of Public Security Ordinance
The emergency regulations on essential food supply formulated as per section 5 of the Public Security Ordinance were declared in a gazette, as per the powers vested in terms of section 2 and by enforcing directives under section ii of the...
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COVID vaccinations drive for age group 20-29 today
COVID-19 vaccinations for people aged 20 to 29 in the Colombo, Gampaha, Kalutara, and Galle districts will begin today (Sept. 06), according to the head of the National Operation Centre for COVID-19 Outbreak Prevention (NOCPCO). General Shavendra Silva, the Army Commander,...
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Maximum retail price for Oximeter issued
An oximeter's maximum retail price has been fixed at Rs 3,000, according to a gazette notification. As a result of the increased demand for oximeters, their price has just surpassed Rs 5,000. Accordingly, the healthcare industry is working to establish a maximum...
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MY Kalizma – First Superyacht to berth at Port City Colombo Marina
Yacht once owned by Liz Taylor and Richard Burton Port City Colombo Marina to be one of the largest in the region with facilities for berthing 200 yachts The Port City Colombo Marina welcomed the MY Kalizma - The Classic...
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Debt moratorium for COVID-19 affected businesses & individuals extended till 31 December 2021
The Central Bank of Sri Lanka (CBSL) has directed licensed commercial banks and licensed specialized banks (hereinafter referred to as licensed banks) to extend the debt moratorium to COVID-19 affected businesses and individuals (hereinafter referred to as the Scheme) for...
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BOI and Jay Jay Mills sign up for US$ 4 Mn expansion to Trincomalee
In line with the government’s policy of developing regional industrialization, the Board of Investment (BOI) of Sri Lanka recently entered into a supplementary agreement with Jay Jay Mills Lanka, to lay foundation to an initial investment of US$ 4 million...
Read moreThe Chinese government will do its utmost to help overcome the economic challenge as well as the COVID challenge in Sri Lanka – An assurance from the NPC Chairman of China to the Hon. Speaker of the Parliament of Sri Lanka
Chairman of the National People's Congress (NPC) Standing Committee (Hon. Speaker of the Parliament of the People's Republic of China) H.E. Li Zhanshu assured Hon. Speaker of Parliament Mahinda Yapa Abeywardena that the Chinese government will do its utmost to help overcome...
Read moreInflation rate in Sri Lanka rises to 6.0 percent in August 2021
Central Bank of Sri Lanka: Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 6.0 percent in August 2021 from 5.7 percent in July 2021. This was driven by monthly increases in...
Mainly fair weather today
Showers or thundershowers will occur at a few places in Central, Uva and North-Western provinces during the evening or night. Mainly fair weather will prevail elsewhere. Misty conditions can be expected at some places in Western, Uva, Central and Sabaragamuwa...
Inflation rate in Sri Lanka rises to 6.0 percent in August 2021
Central Bank of Sri Lanka: Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 6.0 percent in August 2021 from 5.7 percent in July 2021. This was driven by monthly increases in the...
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Over 07 million Sri Lankans have double dosed against COVID-19 – Min. Keheliya Rambukwella
Minister of Health Keheliya Rambukwella tweeted that over seven million people in Sri Lanka had got two doses of the COVID-19 vaccine as of yesterday (August 28). As a result, a total...
U.S. donates over 100,000 Pfizer-BioNTech vaccines to Sri Lanka
The United States donated over 100,000 doses of the Pfizer-BioNTech COVID-19 vaccine to Sri Lanka yesterday. These vaccines, delivered through COVAX, will help save lives and increase the COVID-19 vaccination coverage in...
IPG announces new owner for Dumballa – London-based HAMRO CEO Q Khan will own the franchise for LPL 2021
Q Khan thrilled to be owner of Dambulla Giants, a formidable team in the LPL Innovative Production Group (IPG) FZE, the official right holders of Lanka Premier League (LPL) for 2020-2024, today unveiled London-based...
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Extraordinary Gazette issued to impose Special commodity levy on several food items
A special levy on certain items has been imposed by the Minister of Finance through an Extraordinary Gazette. The tax order, according to the communiqué, will be in effect for one year, beginning August 12, 2021, and will be subject to the terms of...
IPG announces new owner for Dumballa – London-based HAMRO CEO Q Khan will own the franchise for LPL 2021
Q Khan thrilled to be owner of Dambulla Giants, a formidable team in the LPL Innovative Production Group (IPG) FZE, the official right holders of Lanka Premier League (LPL) for 2020-2024, today unveiled London-based HAMRO CEO Mr Q Khan as the new owner for...
Sri Lanka’s Dinesh Priyantha sets new world record in Men’s Javelin Throw F46 in Tokyo 2020 Paralympics
Sanath Jayasuriya joins Gamer.LK’s SINGER Esports Premier League
COVID-19 cases up by 4,483 – Epidemiology Unit
According to the Health Ministry's Epidemiology Unit, 4,483 new COVID-19 cases were reported on Wednesday. 4,472 cases from the New Year cluster have been verified today, including 11 international arrivals in quarantine. At 8:40 p.m. Wednesday, the Epidemiology Unit reported a...
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On Saturday, 4,596 more COVID-19 cases were discovered, bringing the total number of cases to 421,557
On Saturday, 4,596 new COVID-19 cases were reported, according to the Health Ministry's Epidemiology Unit. 4,582 cases from the New Year cluster had been verified today, including 14 international arrivals in quarantine. At 10 p.m. Saturday, the Epidemiology Unit reported 421,557...
S&T Interiors awarded Rs 1.94 billion Hilton Colombo refurbishment
Hilton Colombo to radically transform guest experience with Rs. 1.94 billion room refurbishment S&T Interiors - a joint venture of the Hayleys Group and S&T Oman, announced the commencement of the Rs 1.94...
Nations Trust Bank Enables Growth of Small and Medium Enterprises
Employing over 70% of the working population in Sri Lanka, SMEs are responsible for nearly a third of the country’s industrial output with a sizeable contribution to the country’s Gross Domestic Production (GDP). And yet, SMEs are faced with...
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ComBank launches ‘Call & Convert’ instalment plans for select Credit Card purchases
The Commercial Bank of Ceylon (ComBank) has announced a new ‘Call and Convert’ facility that enables its Credit Card holders paying for education, health or insurance-related products and services and for online purchases to convert transactions of Rs 10,000...
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HNB FINANCE recognised by Great Place to Work for 5th consecutive year
Sri Lanka’s most innovative and integrated financial services institution, HNB FINANCE, was once again commended by the Great Place to Work Institute and certified as a great workplace for the fifth consecutive time. Powering through the global pandemic that...
Read moreCapital Alliance Introduces Video KYC Technology to Enable Paperless Onboarding for Unit Trust Funds and Equity Investments
Capital Alliance Limited (CAL) – one of Sri Lanka’s leading full-service investment solution providers – introduced Video KYC (Know Your Customer) via their CAL Customer Portal to facilitate paperless, digital signature backed onboarding for investment products, offering a winning combination...
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Facebook Marketplace Comes to Sri Lanka
Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from others in their local communities. Jordi Fornies, Director of Emerging Markets, APAC at Facebook said: “We know that people...
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