Category: Other News
Sri Lanka President steps down officially
Sri Lanka’s Parliamentary Speaker Mahinda Yapa Abeywardena said President Gotabaya Rajapaksa has officially stepped down from his post. He made the announcement speaking to reporters from his official residence, earlier on Friday. Abeywardena said as per Article 38 (1) of the constitution he received the letter of resignation of President Gotabaya Rajapaksa , on Friday […]
VIDEO: Crisis-hit Sri Lanka seeking discounted oil from Russia, Qatar
Sri Lanka’s Energy Minister has said the country will send delegations to Russia and Qatar to try and secure cheap oil. It’s not immediately clear how far the government can stretch its fuel reserves, which are likely to run out in a day. Meanwhile, the government has extended the closure of schools and non-essential services […]
VIDEO: UK inflation hits 40-year high as food prices rise
Inflation is the bad news that keeps on coming. Today’s figures show that it has crept up again to just over 9 percent, the worst in four decades. But behind that headline number others even more alarming ones lurk – like a 32 percent increase in the price of petrol and double digits for staple […]
Final report of Presidential Comm of inquiry on SL Customs, handed over to President
The final report of the Presidential Commission of Inquiry into Sri Lanka Customs was handed over to President Gotabaya Rajapaksa by Chairman of the Commission Supreme Court Judge Shiran Gunaratne at the President’s House, in Colombo Wednesday. A six-member Presidential Commission of Inquiry was appointed by an Extraordinary Gazette Notification on February 24, 2021 to […]
Finance Minister of India assures her fullest support to economic recovery process in Sri Lanka
Finance and Corporate Affairs Minister of India Nirmala Sitharaman assured the High Commissioner of Sri Lanka to India, Milinda Moragoda of her fullest support and cooperation in the process of economic recovery in Sri Lanka. The Finance Minister of India gave this assurance when High Commissioner Moragoda called on her on 21 June at the […]
VIDEO: Bloomberg Surveillance – Will the Fed Trigger a Recession?
The U.S. Central Bank’s decision to implement the steepest rise in interest rates for nearly 30 years will have a ripple effect across the world. In its bid to combat soaring inflation the Federal Reserve’s move is likely to roil the U.S. mortgage industry making an already highly stressful process even more difficult for would-be […]
Steps to decentralize all government services at district and divisional levels: President
President Gotabaya Rajapaksa has stated that there is a timely need to decentralize all public services at the district and divisional levels similar to the work-from-home concept. Department of Registration of Persons, Department of Immigration and Emigration, Department of Motor Traffic and other state institutions can be further decentralized at the district and divisional levels […]
Ceylon Chamber call for few more edits to the 21st amendment to the constitution of Sri Lanka
In a letter to the Minister of Justice, Constitutional Affairs and Prison Reform the joint Chambers of Commerce has called for a further strengthening of the 21st amendment through a few more amendments necessitated by past learnings and current context to meet the aspirations of the people, including the business community, who are seeking a […]
Nine cabinet ministers sworn in before President
Nine new Cabinet Ministers of the All-Party Government were sworn in before President Gotabaya Rajapaksa at the President’s House in Colombo this morning (20).They are;01. Nimal Siripala de Silva – Minister of Ports, Shipping and Aviation Services 02. Dr. Susil Premajayantha – Minister of Education 03. Dr. Keheliya Rambukwella – […]