China –SL charcoal production project halted by angry villagers
The alleged unauthorised charcoal production project being operated inside the buffer zone of the Udawalawe Forest Reserve and it’s a new charcoal factory in Arambekema, Thanamalwila has been halted following outrage from villagers
Tourism and workers’ remittances boost external sector revenue
Sri Lanka saw a notable increase in workers’ remittances and a boost in tourist arrivals in July 2023, the Central Bank of Sri Lanka (CBSL) announced.
SL central bank records over Rs500bn in profits up to June 2023
Sri Lanka’s central bank has made profits of around half a trillion rupees, helped by foreign exchange gains on a negative net open position as well as profits on domestic assets in the six months to June, an analysis of official data showed.
Protestors demand CB’s action against financial misdeeds
Hundreds of trade unionists and civil society activists stage protest demonstration in Colombo this week demanding the Central Bank to totally exempt the superannuation funds from the so called Domestic Debt optimization programme.
Mitch McConnell freezes for second time during press event
For the second time in just over a month, Senate Republican leader Mitch McConnell appeared to freeze while speaking to reporters.
Chinese developer Country Garden reports $6.7 bn loss
Embattled Chinese developer Country Garden reported a 48.9 billion yuan ($6.7 billion) loss for the first half of the year in a stock exchange filing Wednesday, adding to worries of a potentially catastrophic default.
Toyota suspends production of cars in Japan
Toyota Motor Corp will suspend operations at all of its assembly plants in Japan from Tuesday afternoon due to a malfunction with its production system.
Army officers say they are taking power in Gabon
Army officers have appeared on national television in Gabon to say they have taken power.
Apparel exports lead decline in July merchandise exports
- July merchandise exports earnings down 12%
- Textile and apparel exports down 22% to US$ 427.5mn
- January-July 2023 merchandise exports down US$ 6.89bn
NZ agrees to establish Immigration Resource Centre in SL
The New Zealand (NZ) government has agreed to provide support and necessary funds for the establishment of an Immigration Resource Centre in Sri Lanka, the Labour and Foreign Employment Ministry said.
More...
No contact history between infant and inmates who died of Meningococcal disease
Health authorities have ruled out any contact history between the eight-month-old infant who passed away with symptoms similar to Meningococcal disease and the two inmates at Galle Prison who died of the disease.
Final Randoli procession commences tonight
Final Randoli procession commences tonight The final Randoli procession in the Kandy Esala festival this year is scheduled to take place tonight, coinciding with Nikini full moon Poya day.
Political parties brace for presidential elections slated for mid next year
With the presidential elections slated for the middle of the next year, the political parties have sprung into action, even prematurely unveiling their candidates.
Reissuance of bonds under DDO postponed
The re-issuance of bonds under the domestic debt optimization program scheduled for August 28 has been postponed to September 11, said State Minister of Finance Shehan Semasinghe.