Sri Lanka’s 2011 tea production records 328.3 million kilograms Sri Lanka’s tea production during the year 2011...
Treasury bill auction Sri Lanka’s weekly treasury bill auction held today...
The prominent economist and the Vice President of the Sri Lanka Economic Association R.M.B. Senanayake says if Sri Lanka does not sign the CEPA agreement with India, it will definitely be a lost opportunity for the country.
He says despite the protest by the local business community, Sri Lanka should go ahead with this agreement which [...]
Sri Lanka’s inflation in May has slowed down to 5.3% from April figure of 5.8%, Central Bank announced today.
This is the 3rd straight month the country’s inflation moved downward.
The Central Bank recently announced that the price pressures in the near term will be reduced owing to many factors.
It said improvements in the supply side particularly [...]
Sports Minister C. B. Rathnayake says, Sri Lanka Cricket is the third most corrupt institute in the country behind Education and Police.
Speaking to reporters this morning in Colombo he said, therefore it is time to clean up the institute by punishing the offenders.
He said the ones who are responsible for leaving room for such offences [...]
Fitch Ratings today affirmed, Hayleys PLC’s National long-term rating at ‘AA-lka’ with a stable outlook.
According to Fitch, the latest rating reflects Hayley’s diverse dividend income base as a holding company, and its strong control over the operational and financial policies of its subsidiaries.
This control over subsidiaries, Fitch says, mitigates the subordination of group cash flows [...]
The construction work of the Upper Kotmale Hydro power project, the last such mega hydro power plant to take place in Sri Lanka will see its completion by the 3rd quarter of 2011.
Project Director Shavindranath Fernando told www.news360.lk “by the 3rd quarter of 2011, the project will be completed”
Once completed the plant will add 150 [...]
Secretary of State Hillary Clinton while welcoming the Sri Lankan government’s move to appoint a “Reconciliation Commission” said it should apply the best practices and should have the mandate to investigate any allegations of war crimes.
Mrs. Clinton made this announcement yesterday while holding a joint media briefing with the Sri Lankan Minister of External Affairs [...]
The President of the Asian Development Bank Haruhiko Kuroda says the expansion of the Colombo Port will help Sri Lanka to achieve the status of a “Regional Hub”.
Kuroda made this statement yesterday in Colombo when he addressed the media before winding up his mission to Sri Lanka.
Here Kuroda also said this will not only help [...]
Asian Development Bank today said Sri Lanka’s economy will grow by 6% during 2010, but cautioned that the country face vulnerability to “external shocks” and also its “fiscal deficit” is too large.
ADB President Haruhiko Kuroda winding up a 2 day visit to Sri Lanka today however told reporters that with the end of the conflict, people [...]
Starting from the 1st of July Sri Lanka Railways is planning to boost its fuel transportation levels.
Speaking to www.news360.lk, the General Manager of the Sri Lanka Railways P. P. Wijesekera said as of now they only use 35% of the SLR capacity to transport fuel to outstation areas from Colombo.
He said the Sri Lanka Railways [...]
President Mahinda Rajapaksa was recently interviewed by Ms. Fauziah Ibrahim of Al Jazeera Tv.
The Al Jazeera interview with President Mahinda Rajapaksa was done at the time of Sri Lanka was marking its first year anniversary following the total defeat of the LTTE.
Following is the transcript of the interview Al Jazeera had with the President.
Fauziah Ibrahim: [...]
President Rajapaksa inspecting the “Tyson bite”
Sri Lanka host “Ayubowan China”
An Indian teacher finds $9.8bn in his bank balance
Deepawali celebrations at the Temple Trees
Cruise ship “Costa Concordia” sinks
The navy saves “The Greyhound of the sea”
Emir of Qatar Sheikh Hamad Bin Khalifa Al Thani arrives in Sri Lanka