UNP decides to continue with unity Government, restructure party

CID investigates use of UNICEF van to transport Keheliya from prison

An investigation has been launched over the use of a UNICEF van to transport former Minister Keheliya Rambukwella from remand prison to court. The Criminal Investigations Department (CID) has launched the investigation after the UNICEF van, donated to transport women and children, was used to transport the former Minister. A complaint had been filed against the prison authorities over the use of the van. Rambukwella, former Health Ministry Secretary Janaka Chandragupta and 5 others have been

19 Mar, 2024

Public Finance committee wants CBSL to defer pay hike

The Committee on Public Finance (COPF) headed by MP Dr. Harsha de Silva, has proposed that the Central Bank of Sri Lanka defer the pay hike to its employees. Dr. Harsha de Silva presented the COPF report on the CBSL salary revision to Parliament. The MP said that COPF recognizes the independence of the Central Bank in monetary policy under the new Act. He said CBSL also has autonomy over its budget and staff salaries, but COPF raised concerns on accountability and reasonableness in the curren

20 Mar, 2024

ADB approves $100M loan to provide Sri Lankan SMEs more access to finance

The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. ?SMEs play a critical role in Sri Lanka?s economy, contributing 52% to the country?s gross domestic product and employ 45% of the population,? said ADB Senior Financial Sector Specialist Manohari Gunawardhena. ?It is therefore important to provide S

18 Mar, 2024