IRD probe into recent sugar import scam
A comprehensive investigation is now underway on the alleged importation of an unusually large amount of sugar days before the special commodity levy hike to Rs. 50 from 25 cents per kg came in effect on November 2, Finance Ministry sources said.
Maximum penalty for gold and valuable item smuggling
Sri Lanka Customs has to forego millions of rupees in revenue due to the discretion given to their officers to determine the fine for smuggling restricted goods into the country, the Parliamentary Committee on Ways and Means revealed.
China donates motorcycles and computers to Sri Lanka Police
The People’s Republic of China officially handed over 26 RANOMOTO motorcycles and 100 LENOVO desktop computers to the Sri Lanka Police Department in a ceremony at the Presidential Secretariat on Friday (10 Nov.).
More post office buildings in Sri Lanka for hotel projects
Two more post office buildings in Diyatalawa and Galle and three more ancient buildings in Kandy and Nuwara Eliya are to be offered for hotel projects through the Urban Development Authority (UDA) in addition to the historic Nuwara Eliya post office.
Iceland volcano: Emergency declared over volcano Fagradalsfjall eruption concerns
Iceland has declared a state of emergency after a series of earthquakes raised fears of a volcanic eruption.
Donald Trump: Legal experts see uphill battle in fraud case
This week marked the end of the most dramatic phase of Donald Trump's New York business fraud trial, which saw high-profile members of his family make the journey to Lower Manhattan one by one to answer probing questions from prosecutors.
CCTV cameras to be made mandatory in passenger buses
Parliament Committee has decided to make it mandatory to install CCTV cameras in passenger buses. The decision has been taken by the Sectoral Oversight Committee on Energy & Transport, which met in Parliament recently.
WB approves US $150 Million to strengthen SL financial sector
The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.
Srilankan Airlines faces aircraft engineers exodus
The Association of Srilankan Airlines Licensed Aircraft Engineers (ALAE) revealed that an unprecedented demand for skilled professionals from Sri Lanka abroad, resulting in a significant exodus from ALAE’S workforce.
CDB gets US $ 30million from US DFC
Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).
More...
Somalia floods: UN warns of 'once-in-a-century event'
More than 1.6 million people in Somalia could be affected by the recent unusually heavy seasonal rains, the United Nations has warned.
Belgium detains two far-right terror suspects
Anti-terrorism police in Belgium have detained two suspected members of a far-right group accused of plotting bomb attacks and inciting violence.
CDB gets US$ 30 m from US Development Finance Corporation
Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).
Income tax to impose on firms benefited from Sugar tax hike
The Committee on Public Finance in the Sri Lankan Parliament issued a directive instructing the Ministry of Finance to impose an income tax on companies that made gains due to the 'midnight gazette' on sugar imports.