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...

August 11, 2015  01:20 pm|

Litro sends letter of demand to Bandula

The Litro Gas Lanka Ltd sent a letter of demand to former Minister Bandula Gunawardena demanding Rs. 1 billion in damage over several remarks made against it. MORE...

August 4, 2015  02:02 pm|

Litro Gas denies Bandula’s allegations

The Litro Gas Lanka Ltd on Wednesday (29) denied allegations that the government has signed a MoU with Shell Gas Ltd to purchase Gas at US D 105 per MT, contrary to international tender procedures. MORE...

July 29, 2015  12:55 pm|

Strong quake hits off Indonesia, but no tsunami warning

A strong earthquake hit off of Indonesia’s main island of Java on Sunday afternoon, causing residents to pour into the streets, but there were no immediate reports of injuries or damage, and no tsunami warning was issued. MORE...

July 26, 2015  05:44 pm|

Ceypetco suspends fuel contracts worth millions

Sri Lanka’s state-owned Ceylon Petroleum Corp (Ceypetco) has suspended oil contracts worth millions of dollars that were signed last year for fuel deliveries, the company chairman has told on Thursday. MORE...

July 2, 2015  03:16 pm|

No fuel price hike - Patali

I say with completely responsibility that there will be neither fuel hike in the near future nor a fuel shortage, Power and Energy Minister Patali Champika Ranawaka said today. He also completely denied rumours that the Petroleum Corporation will be privatized. MORE...

May 11, 2015  05:04 pm|

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..

May 9, 2015  06:00 pm|

Maithri continuing with Mahinda’s oppressive laws - FSP

The Frontline Socialist Party (FSP) today accused President Maithripala Sirisena of carrying out the same “oppressive laws” as former President Mahinda Rajapaksa. MORE..

February 6, 2015  02:04 pm|

Three-wheeler, school van fares slashed

Minister of Internal Transport, Ranjith Madduma Bandara, says that three-wheeler fares will be reduced by 10 percent while school van charges will be reduced by 5 percent with effect from February 01. MORE..

January 30, 2015  12:47 pm|