Price of 400g packet of milk powder increased

Ravi Karunanayake further remanded over bond scam

Former Minister Ravi Karunanayake has been further remanded until the 31st of March over the treasury bond scam. Karunanayake and six others were ordered by the Trial-at-Bar to remain behind bars in connection to the second bond auction case. The second case is connected to the Central Bank treasury bond auction held from March 29 to March 31, 2016. Karunanayake and the other suspects are accused of misappropriating funds to the value of Rs. 1.5 billion during the auction. Karunanayake was a

26 Mar, 2021

Bangladesh learns from Sri Lanka’s mistakes in China deals

Bangladesh says it has learnt from Sri Lanka’s mistakes when dealing with China. Bangladesh Prime Minister Sheikh Hasina’s Foreign Affairs Advisor, Gowher Rizvi, has said that Dhaka would take a very balanced, calibrated investment policy when dealing with China. The statement has come at a time when China is luring the developing and underdeveloped countries with its ‘debt trap’ strategy, IB Times reported. Rizvi said that the country has taken lessons from Sri Lanka and Djibouti which were

26 Mar, 2021

Johnston Fernando acquitted in Sathosa bribery case

Minister Johnston Fernando has been acquitted in a Sathosa bribery case. The Colombo Chief Magistrate today ordered the release of Fernando and two others accused in the case. Former Sathosa Chairman Eraj Fernando, and Former Director of Operations at Sathosa Mohamed Shakeer are the other two who had been ordered to be released. The Commission to Investigate Allegations of Bribery or Corruption had filed the case against Fernando and the two others, accusing them of misusing 153 Sathosa worke

26 Mar, 2021