Deputy Minister of Planning and Economic Affairs Dr. Harsha de Silva has lodged a complaint with the Commission Investigating into Bribery and Corruption to investigate the corrupt incident of the earlier government taking over the huge 47 story building being constructed opposite Temple Trees from Ceylinco Group and selling it to a company by the…
The Sri Lanka Central Bank’s new Monetary Board which met under Central Bank Governor Arjuna Mahendran and Treasury Secretary R.H.S. Samaratunge decided not to effect any changes in January to the bank’s policy interest rates which decide the interest rates of commercial banks. Since the inflation rate is as low as 04 per cent and…
Sri Lanka is planning a sovereign bond sale in February after a revised budget for 2015 is presented by a new administration, Central Bank Governor Arjuna Mahendran said. “As soon as the budget has been announced on the 29th (of January) we will start talking to markets,” Mahendran said. “I am hopeful that by February…
An Interim Budget will be introduced before end January and all relief and welfare measures including salary hikes promised to the people in the Maithri Presidential Election manifesto 100-day programme will be provided, says Finance Minister Ravi Karunanayake. Minister Karunanayake said this during an exclusive interview with www.adaderanabiz.lk and added that the new government would…
Petroleum Resources Development Secretariat (PRDS) which was responsible for Sri Lanka’s fuel explorations and was under the President during the former government has been transferred to the Power & Energy Ministry by the new government. Now, the petroleum explorations of Sri Lanka will come under the purview of Power & Energy Minister Patali Champika Ranawaka….
It is premature to conclude that the defeat of incumbent Mahinda Rajapaksa in the Sri Lankan presidential election last week is a strategic setback for Beijing, which has invested so much in building a special relationship with the island republic. But the exit of Rajapaksa, the architect of Sri Lanka’s tilt towards China, is a…
Billionaire James Packer is expected to walk away from a plan to build a $US400 million ($496 million) casino and hotel in Sri Lanka after the island nation elected a new president, Maithripala Sirisena, who has promised to block the project. Mr Sirisena, who is described as a social conservative, defected from the ruling party…
Sri Lankan president Mahinda Rajapaksa just conceded defeat to his one-time ally, Maithripala Sirisena, in an upset that will have an impact far beyond the teardrop-shaped island and its 20 million residents. Sri Lanka currently has a limited impact on global affairs, thanks in part to an economy crushed by years of civil war. Nevertheless,…
President Mahinda Rajapaksa, who is running for a third term in office, has roped in an Indian IT expert to help with his social media campaign for the January 8 elections, The Hindu has learnt. Arvind Gupta, one of the chief architects of Prime Minister Narendra Modi’s social media campaign in the general election, is…
www.adaderanabiz.lk had the opportunity of an exclusive interview with Prof. Rohan Samarajeewa who is an academic of local and international repute. He expressed his opinion on how social network websites could be used for election propaganda activities. This is the discussion BIZ 24X7 of the Ada Derana 24X7 channel had with Prof. Rohan Samarajeewa who…
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