Items filtered by date: Thursday, 19 July 2018

The Attorney General yesterday informed the Supreme Court that all the events pertaining to the murder of Bharatha Lakshman Premachandra and others were rallied around the eleventh accused Duminda Silva.

Published in Security
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FM Sarath Fonseka - Police sources

High ranking officers of the Sri Lanka Police have revealed the identity of the Government Minister who has allegedly recruited underworld figures into his security detail. The Minister concerned was identified as Field Marshal Sarath Fonseka.

Published in Politics

The future of Galle International Cricket Stadium as an international venue is in danger.

Published in Sports
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Govt. amends NBT

Parliament yesterday approved the Nation Building Tax (NBT) (Amendment) Bill with changes allowing several sectors to be exempted from NBT to increase entrepreneurship opportunities and foster economic growth.

Published in Business
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CPC loses Rs. 5.4 b from kerosene sales

The Ceylon Petroleum Corporation (CPC) incurred a loss of Rs. 5.4 billion from the sale of kerosene oil in 2017, the Government told Parliament yesterday, but expects sales to reduce with more low income houses being added to the power grid.

Published in Business

National Development Bank (NDB) has successfully negotiated a loan up to $75 million, from Commerzbank Aktikengsellschaft Germany recently. Dubai-based Alpen Capital [ME] Limited was the lead arranger to this loan facility. The proceeds of this loan are to be mobilized in NDB’s general banking business, without restrictions on any specific sector.

Published in Business

Signifying a breakthrough in Sri Lanka’s industry, the country’s first state-of the-art polyester yarn plant was inaugurated on Tuesday by BPPL Holdings, a top brush maker in Asia. The facility is another milestone for BPPL, directed by wholly-owned subsidiary Eco-Spindles Ltd., aimed at promoting innovative sustainability where yarn is produced entirely from Polyethylene Terephthalate, commonly known as PET flakes.

Published in Business

The White House has insisted it believes Russia still poses a threat to the US amid confusion over comments made by President Donald Trump.

Published in World

The 12 boys and coach of the Wild Boars football team entered the local town hall on the Thai-Myanmar border Tuesday, appearing at their first news conference since the dramatic rescue as a tight-knit family, kicking around balls that were given to them and laughing amongst each other.

Published in World
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