Several private banks closed owing to travel restrictions

Court issues interim order against selling shares of SLT, Lanka Hospitals

An interim order was issued prohibiting the sale of shares at Sri Lanka Telecom (SLT) and Lanka Hospitals after the move was challenged by Lycamobile SARL and a couple of other companies. A writ petition was filed at the Court of Appeal after the documents submitted by the said companies to secure shares at SLT and Lanka Hospitals was rejected. It was reported that the Cabinet sub-committee assigned to the restructuring of State-Owned Enterprises rejected the said applications for no apparent

28 Feb, 2024

Uddika Premarathne resigns from Parliament

Member of Parliament Uddika Premarathne representing the Sri Lanka Podujana Peramuna, from the Anuradhapura district, resigned from Parliament. He tendered his letter of resignation from his position as a Member of Parliament to the Deputy Secretary General of Parliament Chaminda Kularatne. Accordingly, in accordance with Section 64(1) of the Parliamentary Elections Act No. 1 of 1981, the Secretary General of the Parliament is to inform the Chairman of the Election Commission that the seat of

27 Feb, 2024

Diana wants a better night life for Sri Lanka

State Minister of Tourism Diana Gamage says Sri Lanka needs to have a better night life to attract more tourists. She said that there needs to be more entertainment in the beach areas that continue late into the night. The State Minister also called for restaurants in Colombo to be open till very late and not close by 10.30 at night. She underscored that the night economy accounts for a substantial 70% of a country?s revenue, illustrating its significant contribution to the country. (Colombo

22 Feb, 2024