Parliamentary debate on IMF report in April! The government has decided to hold a Parliamentary debate pertaining to the report compiled by the International Monetary Fund (IMF) on Sri Lanka. Chief Government Whip Minister Johnston Fernando said the debate will…
CHINA TO DONATE 2000 METRIC TONS OF RICE VALUED AT US $ 2.5 MILLION
China volunteers to donate rice to SL! The Chinese Embassy in Colombo said in a Twitter message that it hopes to donate 2,000 metric tons of rice worth about US $ 2.5 million to Sri Lanka. It is reported that…
MINISTERS DEBARRED FROM USING HELICOPTERS=AIR FORCE COMMANDER
Air Force Commander refuses helicopters for ministers! The Sri Lanka Air Force (SLAF) has stopped providing helicopters or planes to cabinet ministers and state ministers to travel to various parts of the country without the special approval of the Ministry…
EXPORTING CANNABIS SOLUTION TO EXCHANGE CRISIS DISCUSSED AT ALL PARTY CONFERENCE
Solution to exchange crisis – decision to grow hemp? As a solution to the exchange crisis in the country, it was discussed during the all-party conference about exporting hemp (Cannabis). The proposal has been approved by the representatives of all…
EXISTENCE OF PARLIAMENT QUESTIONED BY DR HARSHA De SILVA MP FINANCE MINISTER NOT SEEN GOVERNOR OF CB DISREGARDED THE NOTICES GIVEN BY PARLIAMENT
Harsha slams Basil and Cabraal Samagi Jana Balawegaya MP – Dr. Harsha De Silva has questioned the existence of parliament if ministers are not present to respond to the concerns of the members of the house. He added the Finance…
VALUE ADDED TAX INCREASED FROM 15% TO 18% AMENDMENT BILL ON FINANCIAL SERVICES PASSED IN THE SECOND READING
VAT on financial services upped to 18% The Value Added Tax (Amendment) Bill was passed in Parliament today (24).The Second Reading of the Value Added Tax (Amendment) Bill was taken up for debate from 11.00 am to 4.30 pm today.…
BASIL ACCEDES TO REQUEST OF BANDULA TO IMPORT BROWN SUGAR
Bandula seeks Basil’s green light to import brown sugar Minister of Trade – Bandula Gunawardena has sought permission from the Finance Minister – Basil Rajapaksa to import brown sugar. At the present, importing brown sugar to the country has been…
CBSL ORDERS TO SELL 50% OF ALL FOREIGN CURRENCY INFLOWS RECEIVED ON A WEEKLY BASIS
CBSL issues new directive to banks The Central Bank of Sri Lanka has directed all licensed commercial banks to sell 50% of the foreign exchange inflows they received through workers’ remittances and exports proceed residuals to the Central Bank on…
HEATED EXCHANGE OF WORDS BETWEEN VETERAN RANIL AND NOVICE BASIL ON IMF REPORT AT ALL PARTY CONFERENCE
Ranil-Basil lock horns over IMF report at All party conference Former Prime Minister Ranil Wickremesinghe and Finance Minister Basil Rajapaksa had a heated exchange of words at the All-Party Conference convened by the President today (23). The reason for the…
TECHNICAL COMMITTEE TO BE APPOINTED BY HIRING A LAW FIRM TO NEGOTIATE WITH IMF
SL to appoint technical committee to negotiate with IMF, hire law firm Sri Lanka is appointing a technical committee to help negotiate with the International Monetary Fund and will also hire a legal firm to assist with the process, Cabinet…
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by Sunil Thenabadu
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