ECONOMYNEXT – Sri Lanka’s opposition leader Sajith Premadasa has accused the government of plotting its own, albeit bloodless, ‘Night of the Long Knives’ with its controversial commission on political victimisation. Just like how Nazi leader Adolf Hitler destroyed his enemies in one fell swoop on that fateful night in 1934, the government is conspiring to destroy its political … [Read more...] about Sri Lanka opposition leader fears bloodless ‘Night of the Long Knives’
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Sri Lanka to ban chemical fertilizer imports in ‘near future’
Friday April 23, 2021 07:11ECONOMYNEXT – Sri Lanka will ban the import of chemical fertilizer in the ‘near future’ as pollution of waterways and suspected kidney disease is a cost to society though farmers are making profits, President Gotabaya Rajapaksa said. Sri Lanka was now spending 400 million dollars … [Read more...] about Sri Lanka to ban chemical fertilizer imports in ‘near future’
Chorus against new Tourism Act grows
Industry legend Prema Cooray, veteran Ministry Secretary Dr. Prathap Ramanujam and tourism industry leader Abbas Esufally join growing dissent over scrapping of existing Act of 2005 Cooray insists new Tourism Act was unwarranted and putting private sector representation out of key agencies is unjustifiable and highly detrimental Stresses 2005 Act inspired by … [Read more...] about Chorus against new Tourism Act grows
SriLankan Airlines launches flights to Nairobi
* SriLankan Airlines launches flights to Nairobi Thu, Apr 22, 2021, 08:02 pm SL Time, ColomboPage News Desk, Sri Lanka. Apr 22, Colombo: SriLankan Airlines, the flag carrier of Sri Lanka and a member of the prestigious oneworld alliance will commence flight operations to Nairobi in Kenya, its second destination in East Africa after flying to the Seychelles. … [Read more...] about SriLankan Airlines launches flights to Nairobi
SL vs Ban 1st Test 2nd day – ‘Cut down the runs and fence them in’
NewsVishwa Fernando explains how the hosts' ensured the visitors could score only at 2.66 over the last 103 oversUpon realising that the Pallekele surface was offering little to the quicks and even less to spinners in the early part of this Test, Sri Lanka changed their bowling strategy. Where they had begun the Test with hopes of bundling Bangladesh out cheaply with their trio … [Read more...] about SL vs Ban 1st Test 2nd day – ‘Cut down the runs and fence them in’
Sri Lanka’s Windforce begins trading above IPO price
ECONOMYNEXT – Windforce Limited, renewable firm, began trading above its price of 16 rupees per share on Thursday after raising 3.2 billion rupees for wind power projects in Sri Lanka and Senegal. The stock debuted at 17.90 rupees and rose as much as 19.00 rupees in intra-day trading, after being heavily oversubscribed. The firm which started in 2020 has 27 power plants with … [Read more...] about Sri Lanka’s Windforce begins trading above IPO price
US$750mn Sri Lanka Development Bond auction offered
Thursday April 22, 2021 07:43ECONOMYNEXT – A 750 million US dollar auction of fixed rate Sri Lanka Development Bonds has been offered to for sale with bids to close on April 28, ahead of a maturing tranche of securities in May. The settlement day on May 03 … [Read more...] about US$750mn Sri Lanka Development Bond auction offered
PM vows to bring Easter Sunday attackers to book
Prime Minister Mahinda Rajapaksa addressing the Parliament yesterday In special statement to P’ment, PM says legal action being pursued against suspects Accuses previous Govt. of criminal neglect Says some are still spreading lies and trying to shift blame Condoles with families of victims and wishes injured speedy recovery Prime Minister Mahinda Rajapaksa yesterday … [Read more...] about PM vows to bring Easter Sunday attackers to book
Sri Lanka rupee closes 201/202 levels to one-month dollar
Wednesday April 21, 2021 17:34ECONOMYNEXT – Sri Lanka’s rupee closed at 201/202 levels in the one-month dollar on Wednesday though spot market trading was not active, dealers said. Sri Lanka’s rupee closed around 204/207 in the one-month forward market on … [Read more...] about Sri Lanka rupee closes 201/202 levels to one-month dollar
Migrant workers detained in Saudi Arabia: Sri Lanka Foreign Employment Bureau denies Amnesty report
ECONOMYNEXT – The Sri Lanka Bureau of Foreign Employment has denied reports that Saudi Arabia has arbitrarily detained 41 migrant workers in a deportation centre, assusing instead that the workers are housed at a welfare centre run by the Saudi government. A report published by Amnesty International on April 15 claimed at least 41 Sri Lankan women, a majority of whom are … [Read more...] about Migrant workers detained in Saudi Arabia: Sri Lanka Foreign Employment Bureau denies Amnesty report