Man kills woman and child and commits suicide in Galgamuwa

NPC appeals to India, US to help create more employment in North

The Northern Provincial Council has appealed to?India and the US to help create more employment opportunities in the North. In a Resolution submitted to the NPC by NPC member M.K. Shivajilingam which was approved, the NPC has noted the need to rebuild the economy of the people in the North, improve their livelihood and increase their standard of living to be compatible with the rest of the world. The Resolution acknowledges that to increase productivity and to stimulate economic growth, more p

01 Jun, 2018

AG advise sought to release full report on treasury bond scam

The advice of the Attorney General (AG) has been sought to release the full report of the Presidential Commission on the Central Bank treasury bond scam. President’s Secretary Austin Fernando said that he has sought the advise of the AG to make public the full report. The report of the Presidential Commission which investigated the treasury bond scam was handed over to the President last December and to Parliament last January. The report found that the public suffered a loss of?Rs. 11.5 bill

01 Jun, 2018

IMF approves Sri Lanka’s fourth review and more funds

The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Sri Lanka?s economic performance under the program supported by a three-year Extended Arrangement under the Extended Fund Facility (EFF) arrangement. Completion of the review enables the disbursement of the equivalent of SDR 177.774 million (about US$ 252 million), bringing total disbursements under the arrangement to the equivalent of SDR 715.23 million (about US$ 1,014 million). Sri Lanka?s three-

02 Jun, 2018