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…
Prospective buyers need to be cautious when buying vehicles, advised Commissioner General of Motor Traffic S.H. Harischandra while speaking during an exclusive interview with www.adaderanabiz.lk This is the full interview that BIZ 24X7 of the Ada Derana 24X7 channel had with Commissioner General of Motor Traffic S.H. Harischandra:
Russia’s economic crisis has caused heavy impacts on Sri Lanka’s low grown tea industry and tea manufacturer say that as a result low grown tea prices have fallen drastically. In recent months the Russian Ruble has depreciated by some 30 per cent compared to the US dollar while the international credit rating agency Standard &…
Sri Lanka’s opposition presidential candidate Maithripala Sirisena has threatened to cancel two ‘casino licences’ given to John Keells Holdings and Australian casino king James Packer. “I will not allow the two casino licences given to ‘Water Front’ and ‘Lake Leisure’ projects contrary to certain decisions of Parliament and the Cabinet of Ministers and despite the…
The first thing you notice about the Mirai, Toyota’s new $62,000, four-door family sedan, is that it’s no Camry, an international symbol of bland conformity. First there are the in-your-face, angular grilles on the car’s front end. These deliver air to (and cool) a polymer fuel-cell stack under the hood. Then there’s the wavy, layered…
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