Minor earth tremor recorded in Hambantota area

Finance Minister presents 2022 budget in Parliament

Finance Minister Basil Rajapaksa presented the 2022 budget in Parliament today. President Gotabaya Rajapaksa was also in Parliament when the budget was presented. This is Basil Rajapaksa’s first budget speech as Finance Minister. This is the 76th budget of independent Sri Lanka and the second budget of the government of President Gotabaya Rajapaksa. (Colombo Gazette) CLICK HERE FOR FULL BUDGET PROPOSALS?   1 of 7

12 Nov, 2021

Company owned by Indian billionaire acquires Sri Lankan brand amant?

A company owned by Indian billionaire Mukesh Ambani has acquired the Sri Lankan brand amant? from MAS Holdings. MAS Holdings announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amant?, was acquired by Reliance Retail Ventures Limited, a subsidiary of the Ambani-owned Reliance Industries. The amant? business, which was established by MAS in 2007/8, engages in the retail and wholesale distribution of premium lingerie brands ama

12 Nov, 2021

Sri Lanka assures will not default in repaying foreign debt

By Easwaran Rutnam Sri Lanka today assured it will not default in repaying foreign debt next year. Finance Minister Basil Rajapaksa told reporters today that Sri Lanka needs to repay USD 500 million early next year and another USD 1000 million in June. Rajapaksa said the Government will not default on the payments and will meet its commitments. He also said the Government hopes to have its own foreign reserves and not loans. The Minister said that most of the foreign reserves are now loans.

13 Nov, 2021