Court of Appeal rejects petition filed by Perpetual Treasuries

Sri Lanka-Singapore Free Trade Agreement being studied

A possible Sri Lanka-Singapore Free Trade Agreement (SLSFTA) is being studied, with both countries keen on pursuing the deal, Singapore’s Ministry of Trade and Industry (MTI) said on Wednesday, according to Channel News Asia. The FTA is expected to comprise of commitments in trade in goods, services, investment and government procurement. Trade and Industry (Industry) Minister S Iswaran who is in Colombo for a three-day working trip, said a decision whether to proceed could be taken soon. Toge

01 Jun, 2016

Opposition says MR’s army security fully withdrawn despite concerns

The opposition says the army security of former President Mahinda Rajapaksa has been fully withdrawn despite concerns raised over the decision. Joint opposition member of Parliament Keheliya Rambukwella told reporters today that Rajapaksa was the only person who refused to give-in to pressure to stop the war against the LTTE. He said that protests were staged even overseas against the former President in an attempt to stop the defeat of the LTTE. Rambukwella said that the refused by?Rajapaksa

03 Jun, 2016

JVP holds demonstration in Fort against VAT tax increase

The Janatha Vimukthi Peramuna (JVP)?staged a demonstration?near the Fort railway station today?against the?recent VAT tax hike implemented by the Government which resulted in the price of most vehicles and other products going up. JVP leader Anura Kumara Dissanayake and several other JVP members took part in the demonstration. The JVP, which backed President Maithripala Sirisena at the last Presidential election, said that the VAT is a burden on the public. The new 15 percent VAT was implemen

03 Jun, 2016