. Photographer: Justin Chin/Bloomberg China is turning Sri Lanka into a modern day “semi-colony,” the same way Great Britain and Portugal turned south China into their own semi-colonies back in the mid of 19th century. Sri Lanka didn’t lose a war to China. It never ceded any of its territory officially to China....
Sri Lanka Navy is moving its Southern Command to Hambantota Port in the deep south, Sri Lanka Prime Minister Ranil Wickremesinghe's office said on Saturday making it clear that Sri Lanka Navy will be in charge of port's security. "The Sri Lanka navy is moving its Southern Command to Hambantota,"...
Tirupur: The knitwear capital of India, Tirupur, is facing a crisis with a decline in exports and job losses. Five lakh small and micro industries have been shut down in Tamil Nadu. The city's exports have dwindled from Rs 26,000 crore to Rs 24,000 crore. Apparel exports were already struggling against...
COLOMBO (News 1st) – Serious anomalies in the exact debt position of the country have come to light with the release of the Central Bank Annual report and the annual report of the Ministry of Finance. Activist Wasantha Samarasinghe appearing on the Newline program earlier this week pointed out that...
View(s): Jetwing Symphony will be commencing work on the construction of its upmarket property in Kandy next month with an investment of Rs.550 million. “We are planning on Jetwing Symphony starting construction on 22 suites on Jetwing Kandy Gallery in mid July and by end of 2019 it will be operational,”...
© Provided by AFP Sri Lanka agreed last year to give China a 70-percent stake in the port on a 99-year leaseSri Lanka will move its southern naval command to a port leased to a state-run Chinese firm but China will not use it for military purposes, the prime...
COLOMBO (News 1st) – The Chief suspect of the Central Bank Treasury Bond Scam, Arjuna Mahendran is still at large. Here is a look back at the recommendations made by the Bond Commission on action against Mahendran and those involved. The Presidential Commission determined the Government of Sri Lanka suffered...
COLOMBO (News 1st) – Minister Duminda Dissanayake commented on the New York Times Expose and the Governments inability on certain matters. He stated that most of the matters mentioned in New York Times article on the Hambantota Port are true and if a large sum of money was given by...
Friday, 29 June 2018 - 17:08 Domestic gas prices reduced from midnight 427Shares 51,249Views Price of a domestic gas cylinder (12.5kg) will be reduced by Rs.138 from midnight today.    
The Central Bank says declining export revenue and rising import costs are contributing to widening trade gap in the country. In the external trade data for April, it showed that export revenue was $ 795 million and import cost was $ 1795 million.The bulk of the cost has incurred for...
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