Results: 42

Port City can resume tomorrow if Chinese firm agrees to leasehold - Ravi

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.

December 12, 2015  10:17 pm|

LIVE UPDATES: Budget 2016

LIVE UPDATES: Budget 2016

The new governments 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..

November 20, 2015  02:04 pm|

Sri Lanka to usher in a capital oriented budget: Ravi

Sri Lanka to usher in a capital oriented budget: Ravi

Minister of Finance Ravi Karunanayake said that the Yahapalana Governments new budget on November 20 will be capital oriented while aiming at higher revenue than recurrent expenditure. MORE...

November 12, 2015  02:07 pm|

Parliamentary programme for the Budget 2016 amended

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...

October 22, 2015  04:06 pm|

Finance Minister leaves for Peru to attend IMF annual meeting

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...

October 5, 2015  04:53 pm|

Place your money in Sri Lanka - Ravi

Place your money in Sri Lanka - Ravi

Sri Lankas 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...

October 5, 2015  08:18 am|

Govt at risk of claims by Chinese port city project - document

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..

September 18, 2015  10:53 am|

Government to make several SOEs self financed: Ravi

Government to make several SOEs self financed: Ravi

The new governments 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...

August 11, 2015  01:20 pm|

Sri Lanka softens stance on China-backed port project

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...

August 11, 2015  08:39 am|

Gym instructor arrested over Bloemendhal shooting

Gym instructor arrested over Bloemendhal shooting

Police today arrested a suspect in connection with last weeks tragic shooting incident at Bloemendhal Road in Colombo, which claimed the life of two persons and wounded a dozen more. MORE..

August 8, 2015  04:41 pm|

Bloemendal shooting: Another succumbs to injuries

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...

August 3, 2015  10:03 am|

Ravi has unleashed terror in Colombo - Thilanga

 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..

August 1, 2015  05:44 pm|

UPFA calls for immediate probe into Bloemendhal shooting

UPFA calls for immediate probe into Bloemendhal shooting

The United Peoples 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..

July 31, 2015  11:48 pm|

UNP condemns cowardly attack on supporters

UNP condemns cowardly attack on supporters

The United National Party (UNP) today condemned the attack on a group of people engaged in Minister Ravi Karunanayakes election campaign at Bloemendhal Road, Colombo. MORE..

July 31, 2015  05:50 pm|

Ravi condemns shooting at Kotahena

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..

July 31, 2015  02:09 pm|

Shots fired at Ravis supporters; 1 dead and 11 injured

Shots fired at Ravis 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..

July 31, 2015  12:05 pm|

President Sirisena to leave for Maldives on Sunday

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..

July 25, 2015  02:56 pm|

Govt to pay the Golden Key depositors from Friday

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..

July 23, 2015  09:55 am|

Ravi to send letter of demand to MR

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...

July 22, 2015  05:41 pm|

Fuel price reduction if world oil prices drop: Ravi

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 wont do this as an election bribe. When the gas prices dropped in the world market we reduced the price accordingly, he added. MORE...

July 18, 2015  12:22 pm|

Sri Lanka cheers end of Iran sanctions

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..

July 15, 2015  10:19 pm|

Govt rebuts ex-Presidents allegations on ethanol licences

Govt rebuts ex-Presidents 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..

July 9, 2015  03:03 pm|

Politicians shouldnt waste public money for banners, cutouts: President

Politicians shouldnt 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..

June 24, 2015  10:31 pm|

Sri Lanka economy to grow 7.2 pct in 2015 - Ravi

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...

June 18, 2015  09:27 am|

Sri Lanka to raise up to $2 bn in foreign borrowings

Sri Lanka to raise up to $2 bn in foreign borrowings

Sri Lankas 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..

June 11, 2015  11:46 pm|

We will survive no-confidence vote - Ravi

We will survive no-confidence vote - Ravi

Sri Lankas finance minister has defended the pace of the countrys economic recovery, as a bruising vote of no confidence in the government looms. MORE...

June 10, 2015  07:42 am|

No-confidence motion filed against Ravi Karunanayake

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...

May 18, 2015  01:33 pm|

No-confidence motion against Ravi next week Bandula

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 countrys economy. MORE..

May 9, 2015  06:00 pm|

Import tax on potatoes and big onions increased

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.

April 25, 2015  07:51 am|

No-confidence motion to be filed against Ravi Karunanayake

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.

April 21, 2015  03:24 pm|

Proposal on Treasury Bill defeated in Parliament

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...

April 7, 2015  07:13 pm|

Lanka for Indias inclusion in regional cooperation with China

Lanka for Indias inclusion in regional cooperation with China

Sri Lanka has backed Chinas surprise initiative to make India an important component of a regional cooperation to address New Delhis concerns over Chinese involvement in large-scale projects in the country, a senior Sri Lankan minister has said. MORE...

March 29, 2015  10:23 pm|

Sri Lanka fires fresh salvo at Chinese firm

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 Lankas finance minister said. MORE..

March 28, 2015  01:32 am|

President Sirisena leaves for Beijing

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..

March 25, 2015  02:10 pm|

Vigneswaran hits out at PMs remarks

Vigneswaran hits out at PMs remarks

After Prime Minister Narendra Modis 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...

March 15, 2015  04:53 pm|

Still no response from Gotabaya on assets declaration - Ravi

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..

March 14, 2015  05:15 pm|

Court issues notice on six including Finance Minister

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..

March 12, 2015  05:28 pm|

Deal with TATAs on housing project is unacceptable - Ravi

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..

March 10, 2015  01:27 pm|

Government probes Swiss bank accounts issue

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...

March 8, 2015  06:12 pm|

CAA instructed to move fast on errant traders

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..

February 7, 2015  05:13 pm|

Sri Lanka to strengthen special friendship with China

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..

February 7, 2015  02:33 pm|

2015 Interim Budget presented in Parliament

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...

January 29, 2015  01:38 pm|

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