Value of the SL Rupee depreciates further

Sri Lanka seeks investments from Russian businessmen

Sri Lanka is open for investment from Russian businessmen and the Government is actively discussing such opportunities, including with representatives of the construction industry, Sri Lankan Ambassador to Russia Janitha Liyanage told Sputnik. “Sri Lanka is open for investment, and we are discussing with Russian entrepreneurs, and Russian construction companies … There are a lot of opportunities for Russians,” Liyanage said. She added that Sri Lanka invited Russian companies to open their bran

09 Feb, 2023

US President Joe Biden to host PM Modi for state visit in June or July

US President Joe Biden has reportedly invited Prime Minister Narendra Modi for a state visit this summer, news agency PTI said citing sources. According to the PTI report, the Prime Minister?s Office has accepted the invitation in principle. PM Modi?s expected visit is currently in the early stages of logistical planning, with officials on both sides figuring out dates convenient for the two world leaders to meet on. The purported invitation by the White House comes at a time when India has as

09 Feb, 2023

Presidential Commission to probe political parties

President Ranil Wickremesinghe has decided to appoint a Presidential Commission to investigate the activities of political parties in Sri Lanka. The President made the announcement while making his Throne Speech in Parliament today. “We should pay close attention to the political parties currently operating in Sri Lanka. Rather than political parties, political alliances created to win elections are represented in the current Parliament. Most of these political parties have been sold for cash.

08 Feb, 2023