Cost of tea and rice slashed by canteen owners

SriLankan Airlines Directors set to resign to assist restructuring

Six SriLankan Airlines Directors are set to resign to assist restructuring of the national airline. The?Directors had offered to resign as the airline continues to face major losses. President Maithripala Sirisena had said earlier that a Presidential Commission will be appointed to investigate into the alleged abuse of state money and public property involving SriLankan Airlines and Mihin Lanka, in the first week of next January. Minister of Public Enterprise Development Kabir Hashim had earl

24 Dec, 2017

Modi accused of failing in foreign policy towards Sri Lanka

India’s Congress party says the Narendra Modi Government has failed in its foreign policy towards Sri Lanka. Congress spokesperson Manish Tewari said that China’s involvement in Sri Lanka is a matter of concern for India. ?The new Government in Nepal is not tilted towards India, China?s involvement in Sri Lanka is a matter of concern for India, Maldives signed a free-trade agreement with China without informing India, in Doklam China has set up permanent structures,? he said, adding that India

25 Dec, 2017

Sri Lanka receives US $ 292.1 mn as initial payment for port

Subsequent to the agreement signed between the Sri Lanka Ports Authority and China Merchant Port Holdings Co. Ltd., US $ 292.1 mn has been credited to the?US Dollar account of the Government of Sri Lanka maintained at the Central Bank?of Sri Lanka as the initial payment for the lease, the Central Bank said today. The Hambantota port was formally handed over to a China-Sri Lanka joint venture company on December 9. Following the signing of an agreement, the port operations was handed over to Ha

26 Dec, 2017