Business

Due to strikes, many government institutions will leaving the People’s Bank

It is reported that many heads of the Public Corporations Department have requested the Ministry of Finance to transfer their accounts in the People’s Bank to other banks. They say that many problems have arisen due to the people’s bank officials not being able to maintain their financial affairs due to the strike, and they …

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“It is not possible to bring vehicles right now,”says C.B Governor

A discussion was held today between the representatives of the Vehicle Importers Association and Central Bank Governor Dr. Nandalal Weerasinghe. Shanta Gamage, president of the association, said that they did not receive a positive response from the Governor of the Central Bank to import vehicles again. But the central bank governor has agreed to focus …

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“I know how lawyers cheat on taxes,” says the central bank governor.

Central Bank Governor Dr. Nandalal Weerasinghe says that he knows the reason why lawyers do not object to the tax on earnings imposed by the government. The Governor of the Central Bank said that professionals such as bankers, doctors and engineers oppose the payment tax when they earn because they cannot hide their income, adding …

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Sri Lanka is preparing to collect foreign reserves of 8.4 billion dollars.

It is reported that Sri Lanka is ready to implement an ambitious plan to increase its foreign reserves by at least 8.4 billion dollars. Minister of State for Finance Shehan Semasingha also said that Sri Lanka will start building up its foreign reserves with the International Monetary Fund disbursing the first tranche of its extended …

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Cinnamon Air Resumes Daily Scheduled Flights in Paradise

Cinnamon Air, Sri Lanka’s premier domestic airline, has resumed daily scheduled flights after a temporary suspension during the COVID-19 pandemic. The airline is the only domestic carrier in Sri Lanka offering daily scheduled flights and the only such airline to operate flights from the Bandaranaike International Airport (BIA) with a dedicated passenger terminal and aircraft …

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China Zhejiang University International School of Medicine partners with Sri Lanka and Australia

The International School of Medicine (ISM) of Zhejiang University (ZJU) of China recently signed a Memorandum of Understanding with Sri Lankan and Australian partners on educational and cultural exchange. CAMG Lanka (Private) Limited in Sri Lanka and its subsidiary CEC China Education Consultants in Australia entered into the MoU with ZJU-ISM. The MoU was signed …

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Two suspects arrested over businessman’s murder in Panadura

Police have arrested two suspects wanted in connection with the shooting and killing of a businessman who was travelling by a vehicle in the Pinwatta area in Panadura. The 57-year-old identified as Sampath Kudagoda, a businessman residing in Kirillawala, was found dead in the driving seat of his Land Cruiser Prado on February 28. Following …

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Several state institutions summoned before COPE

The Committee on Public Enterprise (COPE) has decided to summon several state institutions. The inaugural meeting of the COPE, which was appointed following the opening of the fourth session of the 09th Parliament, was held last week, during which Prof. Ranjith Bandara was appointed as its chairman. The committee is scheduled to meet tomorrow (March …

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