Sri Lanka named Dinesh Chandimal as captain for the upcoming two-Test series against South Africa despite the fact that he has a charge sheet hovering above his head for refusing to take the field on the third day of the second Test against West Indies at St Lucia after the umpires had informed the team that he had been charged with ball tampering.
Launching the Small and Medium Enterprise Board, Securities and Exchange Commission of Sri Lanka Chairman Ranel T. Wijesinha yesterday urged banking and professional bodies to engage and assist entrepreneurs in the sector.
State-Owned Enterprises (SOEs) must mend their loss-making ways by improving governance to meet the growth demands of the Sri Lankan economy, the Treasury Secretary said yesterday, pointing out that the return on assets of key 55 enterprises that had capital of Rs. 1.1 trillion at end 2017 was a mere 0.64%.
The Central Bank yesterday extended the suspension of primary dealer Perpetual Treasuries for a further six months to continue its investigations, the monetary authority said in a statement.
Mihin Lanka had failed to provide the Board of Investment (BOI) explanations as to why it wanted to change its investment and operational plans in 2009, two years after it began operations, by requesting its $100 million capital to be halved, the Presidential Inquiry heard yesterday.
At least one person has died and dozens are missing after two passenger boats capsized off the coast of the island of Phuket in Thailand, officials say.
U.S. officials are seeking to assure an anxious Western bloc that President Donald Trump will reinforce American resolve to confront Moscow during upcoming the North Atlantic Treaty Organization summit and his meeting with Russian President Vladimir Putin.