The Government has taken a policy decision to recommence oil and gas exploration, Co-Cabinet Spokesperson Udaya Gammanpila stated. “The Government has taken a policy decision to restart oil and gas exploration. This had been abandoned for many years. Accordingly, a policy on natural gas has been formulated. It is an essential factor in attracting investors….
The Cabinet of Ministers has given the approval to State-run Litro Gas Lanka Limited to purchase LPG empty metal gas cylinders from two Thailand companies for the year 2020. The proposal was tabled by Prime Minister Mahinda Rajapaksa in his capacity as the Minister of Finance and the contract was awarded subject to the recommendation of the…
The Government has planned to issue legal documents to those who have occupied state lands without any formal documents. The Extraordinary Gazette in this regard was issued by the Land Commissioner General’s Department today (10). “In terms of the “Visions of prosperity and Splendour” policy statement, managing state lands at its optimum level to enhance…
The Cabinet of Ministers has approved the proposal for compulsorily advertising the publicity programmes, to the value of 25% of the advertising and publicity budget of the Government and semi- Government institutions through state media institutions. The decision was taken with the aim of reducing the burden placed by State media institutions on the national budget….
At present, only 40% of the country’s demand is met by fresh milk, with the remaining demand addressed by powdered milk imports. Currently, the country cannot meet the fresh milk demand due to the shortage of milk, Chairman of Lanka Milk Foods (CWE) PLC Deshamanya Harry Jayawardena stated. “In the aftermath of the COVID-19 pandemic, we…
The international financial institutions that were established to bring stability to the world economy and to foster economic growth such as the International Monetary Fund and the World Bank should now offer a “debt-standstill” for the year 2021 for all emerging and developing countries to tide over this difficult period, State Minister for Finance, Capital Market…
Indocean Developers has informed buyers of Altair apartments that a recent Supreme Court decision relating to a management rights dispute involving two groups of shareholders was only a denial of a plea by one party to the dispute to dismiss a case filed by two purported directors on the grounds that the said directors had…
PayHere, a locally built online payment gateway has passed processing Rs. 1 billion of online payments for Sri Lankan businesses. PayHere Payment Gateway Service is offered by Sri Lanka’s Pioneer Financial Technology Company, PayHere (Private) Limited in partnership with Sampath Bank PLC under a Central Bank approved special payment acquiring model regulated by CBSL PSD…
State Minister for Regional Co-operation Tharaka Balasuriya stated that the Colombo Port City is not only for Chinese investments but also open for any country that intends to invest in Sri Lanka. He made these remarks during an observation tour to the Colombo Port City yesterday (08). “We are glad that the Chinese are bringing their…
The Monetary Board, having considered the benefits to the banking system through the investments by Multilateral Financial Organizations in the shareholding of licensed specialized banks and licensed commercial banks hereby issues the following Direction. For licensed Specialized banks, the following new Direction will be inserted immediately after Direction 3 (2) of the Banking Act Directions…
Video Story
