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Wed07182018

Last updateWed, 18 Jul 2018 7am

Latest News

The Central Bank resolves four insolvent financial institutions to protect depositors

The central Bank says that the Monetary Board has approved a resolution mechanism for repayment of depositors

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The European Commission is ready to assist Sri Lanka’s new development journey.

The European Commission’s Vice President Federica Mogherini said that the European Commission is ready to assist Sri Lanka’s new development journey, focused on good governance, reconciliation and social justice. She stated this during her meeting with visiting Sri Lankan Prime Minister Ranil Wickremesinghe in Brussels.

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An agreement signed between trade unions of the estate sector and owners of the estates.

An agreement between trade unions of the estate sector and owners of the estates were signed today. Representatives from several trade unions representing estate workers and representatives from the owners' federation signed the document. The agreement will be in effect for 2 years.

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The gazette notification pertaining to controlling drug prices will be issued at Friday midnight.

Minister Dr. Rajitha Senarathne says the gazette notification pertaining to controlling drug prices will be issued at Friday midnight. He added that prices of 48 varieties will be slashed under the new policy. The minister was speaking at a media briefing held in Colombo today

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Fire at a hospital in India kills 20

At least 20 people have died after a fire broke out in a hospital in eastern India. Officials say the fire started in the dialysis ward of the SUM hospital, a private facility in the city of Bhubaneswar, Odisha state.
Dozens of patients were taken to other medical facilities in the city. About 120 firefighters were mobilised to tackle the blaze, which was later brought under control. Prime Minister Narendra Modi said he was "anguished" by the fire.

Next year's budget to focus on eradicating poverty

President Maithripala Sirisena says the budget for next year will focus on eradicating poverty as the year 2017 has been dedicated to achieve that target. Therefore, priority will be given for sustainable development next year. Plans in this regard are now being formulated at ministerial level. The President made this disclosure while declaring open the international environmental forum and exhibition titled "Sri Lanka Next-The Blue Green Era" in Colombo today.

Speaking further, President Maithripala Sirisena said he was pleased to sign the Paris Pact on climate change.
Sri Lanka is committed to implement it. The President pointed out Sri Lanka is a country that has identified the value of the environment. The interest and the commitment shown towards environmental conservation have increased during the last two years. People who suffer from the consequences of the climate change properly understand the importance of protecting the environment. Therefore, the President pledged to take stern legal action against persons who destroy the environment.

Handing over of Presidential environmental awards also took place under the patronage of President Maithripala Sirisena. Japanese Deputy Minister of Environment was also present on the occasion. Representatives from more than
60 Asia Pacific countries are taking part in this event.

EC commends commitment & sacrifice of PM to create a democratic country

The European Council has commended the commitment and the sacrifice made by Prime Minister Ranil Wickremasinghe to create a democratic nation dedicated for good governance, which was moving towards dictatorship, corruption and violence. Its President Donald Tusk made this remark when he met the Sri Lankan delegation led by the Premier who is engaged in an official visit to Belgium, at the headquarters of European council in Brussels. He assured the organization's fullest support to extend the GSP plus tax concession to Sri Lanka again.

Donald Tusk recalled it was Ranil Wickremasinghe who emphasized the need of forming a national government in number of elections. He pointed out Sri Lanka has set many examples to the entire region in this regard. While praising the honest commitment shown by Prime Minister Ranil Wickremasinghe to create political stability in Sri Lanka under the leadership of President Maithripala Sirisena, Donald Tusk stated it is the stance of the European council as well.

In response, the Premier acknowledged the support extended by the European community in order to achieve future challenges including the GSP tax concession. The Prime Minister invited the President of the European Council to visit Sri Lanka and gain a first hand experience on the developments that have taken place in Sri Lanka.
Therefore, Donald Tusk agreed to visit the country next year. He also urged the Sri Lankan government to focus attention on preventing Sri Lankan migrants reaching Europe illegally.

In reply, the Prime Minister expressed belief that the matter will be addressed with the completion of the development projects. However, he pledged to appoint a task force in this regard and to implement a coordinated programme with the support of the ministries of public law and order, resettlement and justice as well as the department of immigration and emigration. This is the first ever occasion a Sri Lankan leader had held discussions with a President of the European council.

IMO to assist SL to train public servants

The International Organization on Migration has expressed readiness to further enhance its assistance to Sri Lanka. Therefore, the IOM will provide training and capacity building support for the Ministries of Foreign Employment and Foreign Affairs, and to the Sri Lanka Foreign Employment Bureau. Cooperation is also to be extended in the areas of countering human trafficking and people smuggling operations, providing short-term internship opportunities with the IOM for the relevant officials. Furthermore, the organization will support upgrading of the consular services of the Ministry of Foreign Affairs as well.

The IOM also pledged to continue technical and secretarial support for the Colombo Process, the regional consultative forum of contractual labour originating countries in Asia, currently chaired by Sri Lanka.

These assurances were given when Minister Thalatha Atukorale met with the Director General of IOM Ambassador William Lacy Swing in Geneva, to discuss and follow up progress on Sri Lanka’s bilateral cooperation with the IOM. Sri Lanka’s Permanent Representative to the UN in Geneva Ravinatha Aryasinha was also present on the occasion.

SL will be able to attract more investments in near future - State Min Sujeewa

State Minister Sujeewa Senasinghe says an environment where more foreign investments can be attracted is now prevailing in the country. Such opportunities were created even at the World Export Development Forum which was held in Sri Lanka recently. The country is to sign several international investment agreements in the near future. Taking part in the Subarathi discussion programme of the SLBC this morning, the state minister disclosed China, Singapore, India, Malaysia and Thailand are among the countries that the agreements will be signed. Furthermore, an industrial zone that spans across 15 thousand acres is to be established soon. The Volkswagen vehicle manufacturing plant will also be declared open in the country in the near future.

Furthermore, Sri Lanka hopes to regain the GSP tax concession by December. The lifting of the ban imposed on fish exports to the EU countries is another victory achieved by the country. The state minister also pointed out that no new industrial plant has been established in the country within the last 20 years. He added the country is moving forward strongly under the leadership of two matured leaders.

IOM to extend assistance to Sri Lanka

The International Organization on Migration (IOM) has expressed readiness to further enhance its assistance to Sri Lanka, by providing training and capacity building support for the Ministries of Foreign Employment and Foreign Affairs, and to the Sri Lanka Foreign Employment Bureau (SLBFE).

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Minister Arjuna Ranathunga says the major parties of the present government have the strength and ability to take forward the country by solving the existing problems.

Minister Arjuna Ranathunga says the major parties of the present government have the strength and ability to take forward the country by solving the existing problems. The President and the Prime Minister will carry forward the country on a fast track development drive solving the internal issues.

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A special meeting on international Vesak festival 2017 will be held today.


A special meeting on international Vesak festival 2017 will be held today. An UN delegation arrived in Sri Lanka to discuss about the Vesak Day event in the island next year. The meeting will be held at 1.00 pm today in Colombo.

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Minister Naveen Dissanayake points out it is important to understand the country's economic situation when trade unions put forward demands.


Minister Naveen Dissanayake pointed out it is important to understand the country's economic situation when trade unions put forward demands. He further said the trade unions should understand the country's situation and their limits. He also noted the prices of tea leaves are maintained at a low price

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Sri Lanka is ready to take forward the ventures incorporated with Asia regional countries through 'Colombo Process' work plan.

Minister of Foreign Employment Thalatha Athukorala emphasized that Sri Lanka is ready to take forward the joint ventures incorporated with Asia regional countries through 'Colombo Process' work plan.

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Melania Trump stands by Donald over sex boast tape.

Melania Trump has said obscene comments caught on videotape by her husband were unacceptable but did not represent the Donald Trump she knows. She said the Republican presidential nominee was guilty of "boy talk" but was egged on by host Billy Bush

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The President returns to the island after completing successful tour in India.


President Maithripala Sirisena who participated BRICS Bimstec outreach summit in India came back to the island after a successful tour. The President held bilateral talks with the heads of state who came to India to take part in this summit. Sri Lanka has been able to gain many economic and trade benefits through these talks.

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The Prime Minister studies the use of renewable energy sources in Belgium.

Prime Minister Ranil Wickremasinghe met the Prince Laurent of Belgium at the renewable energy palace in Brussels today. The Belgium's main source of energy is nuclear power. However, the Belgium government has focused special attention to use more renewable energy in future.

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Minister Patali Champika Ranawaka says construction of the Colombo Finance City will be carried out without interruption.


Minister Patali Champika Ranawaka says construction of the Colombo Finance City will be carried out without interruption. The constructions are being carried out after conducting proper feasibility studies an environmental study. Obtaining sand from the sea for the construction is fully in compliance with the environmental evaluation reports.

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100,000 high quality lenses have been ordered for the National Eye Hospital for cataract surgeries.


Director General of Health Services Dr. Palitha Mahipala says the health department has taken a policy decision to use high quality lenses for cataract surgeries. 100,000 such high quality lenses have been ordered to purchase in future. These lenses will be used for the cataract operations conducted by the National Eye Hospital the Health Department has already distributed 300,000 pairs of spectacles among children.

The biggest industrial park in the Southern Province is being constructed in Koggala at present.


Minister Vajira Abeywardena says the industrial park in the Koggala area is being constructed at present. It is scheduled to be opened in February next year. It will generate about 17,000 employment opportunities for the unemployed youth in the southern province.

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Iraq and Kurdish troops make gains in Mosul.


Iraqi pro-government forces have made gains at the start of a large-scale operation to retake Mosul, the last major stronghold of the so-called Islamic State in the country. Iraqi government troops and Kurdish fighters launched their push towards the city in the early hours of Monday.

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