Excise Department to close liquor shops on some holidays

Tamil political prisoners suspend fast following assurance

Tamil political prisoners have decided to suspend a fast following assurances received from the Attorney General’s department. The fast by 14 prisoners was suspended today after the?Attorney General said that charge sheets will be filed against those arrested under the Prevention of Terrorism Act but not charged for any crime.

11 Mar, 2016

S&P cuts Sri Lanka outlook to negative on funding pressures

Standard & Poor?s cut Sri Lanka?s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings lowered its credit ratings, Bloomberg reported. S&P affirmed the island nation?s B+ long-term and B short-term sovereign ratings, saying robust economic growth prospects are countered by high government debt at 72 percent of gross domestic product. It predicts Sri Lanka?s trade deficit will balloon to 11.4 percent of GDP in 2016 from 10.2 per

10 Mar, 2016

Sri Lanka seeks to send more workers to S. Korea

Sri Lanka expressed hope Friday that it would be able to send more workers to South Korea as the two countries develop their ties in a wide range of fields, Seoul’s Foreign Ministry said, according to the Yonhap. Sri Lankan Foreign Minister Mangala Samaraweera and the country’s minister of foreign employment promotion and welfare, Thalatha Atukorale, delivered the message during talks with South Korean Foreign Minister Yun Byung-se in Seoul, the ministry said in a press release. More than 42,0

11 Mar, 2016