April 27, 2024 4:29 pm
Results: 42
Port City can resume tomorrow if Chinese firm agrees to leasehold - Ravi
Finance Minister Ravi Karunanayake says that the Sri Lankan government is prepared give the go-ahead for the Colombo Port City project to resume even tomorrow, if the Chinese company agrees to begin the US$1.4 billion project on a 99-year lease. MORE.
The new government’s first full-year budget, for the fiscal year of 2016, is being presented to the Parliament of Sri Lanka by Finance Minister Ravi Karunanayake. MORE..
Sri Lanka to usher in a capital oriented budget: Ravi
Minister of Finance Ravi Karunanayake said that the Yahapalana Government’s new budget on November 20 will be capital oriented while aiming at higher revenue than recurrent expenditure. MORE...
Parliamentary programme for the Budget 2016 amended
The parliamentary programme for the Budget 2016 which was approved at the Cabinet of Ministers has been amended according to a proposal made by Ravi Karunanayake, Minister of Finance. MORE...
Finance Minister leaves for Peru to attend IMF annual meeting
Minister of Finance Ravi Karunanayake left the Island to attend the 2015 Annual Meetings of the World Bank Group and the International Monetary Fund which will take place in Lima, Peru, from October 9-11. MORE...
Place your money in Sri Lanka - Ravi
Sri Lanka’s Finance Minister Ravi Karunanayake has invited Sri Lankans and Indians who had to take back their deposits from banks in Switzerland to place their funds in Sri Lanka. MORE...
Govt at risk of claims by Chinese port city project - document
Sri Lanka would be exposed to the risk of claims from the firm managing a suspended Chinese-backed real estate project if the government fails to obtain approvals needed by the project within 60 days, a government document showed on Thursday. MORE..
Government to make several SOEs self financed: Ravi
The new government’s plan to restructure the loss making State Owned Enterprises (SOEs) to be self financed without depending on the General treasury will be a reality soon, Finance Minister Ravi Karunanayake said. MORE...
Sri Lanka softens stance on China-backed port project
Sri Lanka is offering a compromise that could allow a major Chinese-backed real estate project to restart after months of delays, Finance Minister Ravi Karunanayake told Reuters on Monday. MORE...
Gym instructor arrested over Bloemendhal shooting
Police today arrested a suspect in connection with last week’s tragic shooting incident at Bloemendhal Road in Colombo, which claimed the life of two persons and wounded a dozen more. MORE..
Bloemendal shooting: Another succumbs to injuries
Another person injured during the shooting incident at Bloemendal Road last Friday has succumbed to his injuries. The injured person was receiving treatment at the National hospital at the time of his demise. MORE...
Ravi has unleashed terror in Colombo - Thilanga
Deputy Minister Thilanga Sumathipala says that although the Elections Commissioner had promised to conduct a free and fare election, Finance Minister Raci Karunanayake has been able to unleash terror in the city of Colombo. MORE..
UPFA calls for immediate probe into Bloemendhal shooting
The United People’s Freedom Alliance (UFPA) today expressed shock and disbelief over the tragic shooting incident at Bloemendhal Road in Colombo, which claimed the life of a UNP supporter and wounded at least another dozen. MORE..
UNP condemns ‘cowardly attack’ on supporters
The United National Party (UNP) today condemned the attack on a group of people engaged in Minister Ravi Karunanayake’s election campaign at Bloemendhal Road, Colombo. MORE..
Ravi condemns shooting at Kotahena
Finance Minister Ravi Karunanayake today condemned the shooting incident, which claimed the life of a woman and left more than 10 of his supporters wounded near Bloemendhal Road in Kotahena. MORE..
Shots fired at Ravi’s supporters; 1 dead and 11 injured
(UPDATE) One person has been confirmed dead while at least 13 supporters of UNP Colombo District candidate Ravi Karunanayake have been hospitalised with injuries following a shooting incident at Bloemendhal Road, Colombo. MORE..
President Sirisena to leave for Maldives on Sunday
President Maithripala Sirisena is to undertake a state visit to Maldives on Sunday to participate in the special ceremony celebrating the 50th Anniversary of Independence of the Indian Ocean archipelago to be held in Male. MORE..
Govt to pay the Golden Key depositors from Friday
The government is to begin the disbursement of payment to the deposit holders of the defunct Golden Key Credit Card Company Ltd (GK) from Friday (July 24). MORE..
Ravi to send letter of demand to MR
“A letter of demand will be sent to the former President seeking Rs 5000 million in damage over several defamatory remarks made against me to a newspaper,” Finance Minister Ravi Karunanayake said. MORE...
Fuel price reduction if world oil prices drop: Ravi
The government will consider a further reduction in the fuel price if oil prices in the world drop, Finance Minister Ravi Karunanayake said. “We won’t do this as an election bribe. When the gas prices dropped in the world market we reduced the price accordingly,” he added. MORE...
Sri Lanka cheers end of Iran sanctions
The easing of sanctions on Iran will deliver a much needed pick-me-up to Sri Lanka`s troubled tea industry by allowing the resumption of direct exports to one of its main markets, the government said Wednesday. MORE..
Govt rebuts ex-President’s allegations on ethanol licences
The Ministry of Finance today rejected the allegation made by former President Mahinda Rajapaksa that the government in 100 days has issued 28 ethanol licences. MORE..
Politicians shouldn’t waste public money for banners, cutouts: President
Politicians should not waste public money for the banners and cutouts for their election campaigns and instead should spend that money for the welfare of the people, President Maithripala Sirisena said today. MORE..
Sri Lanka economy to grow 7.2 pct in 2015 - Ravi
The Sri Lankan economy is expected to expand 7.2 percent this year despite a sluggish increase in the first three months of 2015, on higher growth in tourism, banking and garment manufacturing, Finance Minister Ravi Karunanayake said on Wednesday. MORE...
Sri Lanka to raise up to $2 bn in foreign borrowings
Sri Lanka’s government plans to borrow up to $2.0 billion from overseas, the finance minister said Thursday, just two weeks after raising a billion through its first international bond issue. MORE..
We will survive no-confidence vote - Ravi
Sri Lanka’s finance minister has defended the pace of the country’s economic recovery, as a bruising vote of no confidence in the government looms. MORE...
No-confidence motion filed against Ravi Karunanayake
A no confidence motion, signed by over 100 MPs, has been handed over to the Speaker against Finance Minister Ravi Karunanayake, Parliamentarian Ranjith de Zoysa told Ada Derana. MORE...
No-confidence motion against Ravi next week – Bandula
Former Minister Bandula Gunawardena says that a motion of no confidence will be submitted in Parliament next week against Finance Minister Ravi Karunanayake, who he claims is responsible for the crises that have befallen the country’s economy. MORE..
Import tax on potatoes and big onions increased
The import tax on potatoes has been increased from Rs 40 to Rs 55 per kilogram and big onions increased from Rs 10 to Rs 30 per kilogram with effect from today, Finance Minister Ravi Karunanayake said.
No-confidence motion to be filed against Ravi Karunanayake
A no confidence motion to be brought against Finance Minister Ravi Karunanayake, Parliamentarian Bandula Gunawardena said.
Proposal on Treasury Bill defeated in Parliament
A motion tabled by Finance Minister Ravi Karunanayake to increase the threshold of Treasury Bills was defeated in Parliament with 31 voting for and 52 against. MORE...
Lanka for India’s inclusion in regional cooperation with China
Sri Lanka has backed China’s surprise initiative to make India an important component of a regional cooperation to address New Delhi’s concerns over Chinese involvement in large-scale projects in the country, a senior Sri Lankan minister has said. MORE...
Sri Lanka fires fresh salvo at Chinese firm
The Chinese company involved in the controversial US$1.4 billion Colombo Port City project has failed to furnish the necessary documents within the two-week deadline set by the new government, which is also reviewing other Chinese projects including a high-profile telecommunications tower, Sri Lanka’s finance minister said. MORE..
President Sirisena leaves for Beijing
President Maithripala Sirisena today left for Beijing commencing a four-day state visit on the invitation of Chinese President Xi Jinping. MORE..
Vigneswaran hits out at PM’s remarks
After Prime Minister Narendra Modi’s visit to Jaffna, the Chief Minister of Tamil-majority region in Sri Lanka hit out at Sri Lankan Prime Minister Ranil Wickramasinghe for his controversial comments on shooting trespassing Indian fishermen. MORE...
Still no response from Gotabaya on assets declaration - Ravi
Finance Minister Ravi Karunanayake says that former Defence Secretary Gotabaya Rajapaksa is still to respond to his challenge to declare assets, although three weeks have passed. MORE..
Court issues notice on six including Finance Minister
The Appeal Court today (12 March) issued notices on six including Finance Minister Ravi Karunanayake, Secretary to the Treasury, Deputy Secretary to the Treasury and Director General of Customs. MORE..
Deal with TATAs on housing project is unacceptable - Ravi
Sri Lankan Finance Minister Ravi Karunanayake has said that the government is reviewing the USD 430 million TATA Housing Project because the deal entered into with the earlier Mahinda Rajapaksa government is unacceptable. MORE..
Government probes Swiss bank accounts issue
An inquest is underway in connection with a Parliamentarian and two top governmental officials who are holding bank accounts in foreign countries, Finance Minister Ravi Karunanayake said. MORE...
CAA instructed to ‘move fast’ on errant traders
Minister of Industry and Commerce Rishad Bathiudeen has instructed the Consumers Affairs Authority (CAA) to ‘move fast on errant traders’ who fail to give the recent budgetary benefits to Sri Lankan consumers. MORE..
Sri Lanka to strengthen ‘special friendship’ with China
Describing the bilateral relations between China and Sri Lanka as a ‘special friendship,’ Prime Minister Ranil Wickremesinghe expressed his desire to closely engage with the Chinese Government. MORE..
2015 Interim Budget presented in Parliament
Ravi Karunanayake, in his capacity as the Minister of Finance, presented the interim Budget for the fiscal year of 2015 to Parliament, a short while ago. MORE...