Godahewa acquitted in case on misappropriation of funds

Public urged not to purchase fuel from 3rd parties

The public have been urged not to purchase fuel from 3rd parties. Energy Minister Kanchana Wijesekera tweeted saying investigations have revealed that some individuals are engaged in collecting fuel, mixing petroleum products with other liquids and selling them at higher rates. “Urge the public not to encourage such businesses and to report them,” he said. Sri Lanka is facing a serious shortage of fuel resulting in long queues outside fuel stations. Wijesekera said earlier that an SMS notifi

23 May, 2022

Overseas travel ban on Cabraal extended

An overseas travel ban imposed on the former Governor of the Central Bank, Ajith Nivard Cabraal, has been extend until 25 July. The Colombo Magistrate?s Court extended the ban when the case was heard today. The ban was imposed over a case filed by?former Southern Province Governor Rajitha Keerthi Tennakoon. The former Central Bank Governor was accused of paying a sum of USD 6.5 million to an American national without Cabinet approval when he served as Governor from 2006 to 2015. (Colombo Gaze

23 May, 2022

Why Europe will have to face the true cost of being in debt to China

By Nick Beake Billions of dollars of Chinese money are boosting some European economies – but some of the deals being struck have a catch. Critics say they are “debt traps”, where China gets to choose what happens if loans aren’t repaid. China insists it is a reliable investment partner – but it is also facing allegations of worker exploitation and environmental damage. It is one of those CCTV moments where a disaster is about to happen. A dock worker at the vast Greek port of Piraeus, near A

23 May, 2022