Long distance trains cancelled after unions launch strike

Supplementary estimate of Rs. 695 billion to be presented to Parliament

Cabinet has approved a proposal to present a supplementary estimate of Rs. 695 billion to Parliament.? The Government said that an assistance package for samurdhi beneficiaries, estate communities, pensioners and Government servants was introduced at the beginning of 2022 to reduce as much as possible the hardships faced by the public due to the adverse economic conditions. It has now been decided to submit a supplementary estimate to Parliament to cover the cost and secure the necessary funds

31 May, 2022

Chinese companies involved in tax evasion, fraud in Bangladesh

Chinese companies, already suffering from a poor image in corporate ethics, continue to violate the laws of the land in Bangladesh causing loss to the exchequer. Chinese government-affiliated companies habitually use corruption and criminality not just in Bangladesh but in entire South Asia to gain an unfair advantage. Adding to the long list of malpractices by Chinese companies in Bangladesh is a new case of tax evasion that was recently unearthed (May) by the Bangladesh authorities. Sino-Kemm

30 May, 2022

Wimal’s wife Sashi Weerawansa granted bail

Parliamentarian Wimal Weerawansa?s wife Shashi Weerawansa, who was sentenced last week to two years in jail, was granted bail today. The Colombo Magistrate?s Court imposed the jail term on the MP?s wife last week after she was found guilty of submitting forged documents to obtain a diplomatic passport. The court also imposed a fine of Rs. 100,000 on Shashi Weerawansa. Lawyers appearing on behalf of Shashi Weerawansa filed an appeal against the ruling. Accordingly, the bail application was ta

31 May, 2022