Stay order preventing the arrest of Gotabaya extended

China says relations with Sri Lanka has overcome difficulties

The Chinese Government says its relations with Sri Lanka has overcome difficulties. Chinese Ambassador Yi Xianliang said this when he met Speaker Karu Jayasuriya who has just recovered from an illness. He wished the?Speaker good health in the future and invited him to visit China at an early date convenient to both sides. The two sides exchanged views on China-Sri Lanka relations, the Chinese Embassy in Colombo said. Ambassador Yi said, China-Sri Lanka relations had a long history and during

10 Aug, 2016

Cabinet approves drafting of legislation for financial city

Cabinet has approved a proposal to draft the required legislation to establish a financial city in Colombo, the Government said today. The Government said the key objective of the proposed financial city is to become the prominent financial hub in the region to attract foreign investments from Indian, South Asian, and Middle East region as well as from European countries including England. The?Government said making the city the financial hub of the region will increase the flow of foreign cap

10 Aug, 2016

President asserts no plans to sell state enterprises

President Maithripala Sirisena today asserted that the Government has no plans to sell state enterprises. He said that while?various comments are being made that the Government is to sell state institutions to the private sector, it is not the policy of his?Government to do so. ?We will take decisions to take the state sector institutions which are running without profit to a level of earning profit. Sometimes we have to act in cooperation with the private sector on that regard,” he said.. Th

10 Aug, 2016