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thilini

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Bank of China offers SL USD 300 mn loan

Bank of China, the country’s fourth-biggest lender by assets, has offered a loan of US$300 million to Sri Lanka which can be raised to US$1 billion, a source in Colombo with direct knowledge of the matter, told Reuters yesterday. The government is considering the offer because of “difficulty in borrowing money after recent rating downgrades”, the source said, declining to...

Finance Minister calls on IMF Chairperson

Minister of Finance and Mass Media Mangala Samaraweera called on Christine Lagarde, the Managing Director and Chairperson of the International Monetary Fund (IMF), at Washington, United States of America. Governor of the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy and Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva, too joined the meeting. The meeting was conducted with...

Cannot reduce bus fares despite fuel price slash – LPBOA

The government has brought forward the new Carbon tax without any scientific basis, stated the Lanka Private Bus Owners’ Association (LPBOA). Chairman of the Association, Gemunu Wijeratne, says that the new Carbon tax and the Vehicle Emission Test are both the same, as the Vehicle Emission Testing too issues a tax on Carbon emission. The government is attempting to issue a...

Theresa May’s Brexit deal is voted down in historic Commons defeat

With just 73 days to go until Britain is scheduled to leave the European Union, lawmakers Tuesday overwhelmingly rejected — by a vote of 432 to 202 — the withdrawal deal painstakingly negotiated between Prime Minister Theresa May and her European counterparts. The landslide vote was pure humiliation for a British leader who has spent the past two years trying...

SL-Philippines bilateral talks today

Bilateral discussions between President Maithripala Sirisena and Philippines President Rodrigo Duterte are scheduled to take place today (16). President Sirisena left for the Philippines last morning (15) for a five-day state visit at the invitation of the Philippines President Rodrigo Duterte, President’s Media Division stated. During his visit to the Philippines, the President is expected to further strengthen the political, economic...

Windy condition expected to continue – Department of Meteorology

Windy condition is expected to strengthen to some extent over the island (particularly in Eastern, Uva Western and North-western provinces and in Hambanthota and Mannar districts) and surrounding sea areas in next few days (from today night). Showers or thundershowers will occur at times in Uva and Central provinces and in Batticaloa and Ampara districts. Several spells of light showers...

Cabinet looks into issues of National Schools’ principals

President Maithripala Sirisena has, today (15), inquired into the transfer of principals who have been serving in the same school for eight years and the prolonged issue of not appointing graded principals for many national schools. The President has, reportedly, made this inquiry at the Cabinet meeting held today (15). Accordingly, Minister of Education Akila Viraj Kariyawasam has stated that this...

Buddhism gives freedom to follow any religion

Former Defense Secretary Gotabaya Rajapaksa states that discipline of the people, too, is important to build a country along with personal freedom. And if not, the society will become confusing, he said, attending a function held in Panadura. He says that religion builds a country and that every religion tries to guide a country in a better path at all...

Japan Olympic chief denies corruption allegations

The head of Japan's Olympic Committee Tuesday denied involvement in a suspect payment made before Tokyo was awarded the 2020 Games, while apologising for any possible impact on the hosting of the event. French investigating magistrates have indicted Tsunekazu Takeda as they probe two payments of 2.8 million Singapore dollars ($2.1 million) made before the Japanese capital was chosen to...

Serena opens bid for Slam history with crushing win

Serena Williams denied Tuesday her bid for a record-equalling 24th Grand Slam title was a distraction as her Australian Open campaign launched with a straight sets mauling of Germany's Tatjana Maria. In an ominous warning to her rivals at Melbourne Park, the American dismantled Maria 6-0, 6-2 in only 49 minutes, justifying her status as bookies' favourite to claim an...
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