Large sums of money at institutions were misused: MP Buddhika Pathirana

Statements were made in Parliament on Wednesday, November 23 regarding the confusion which has arisen when searching for individuals responsible for transactions which took place during the previous administration. UNP Parliamentarian Buddhika Pathirana said, with the politicisation which was prevalent during the previous regime, large sums of money at institutions were misused. “Since your ministry has failed to intervene and take the necessary legal action in this regard, those suspected to be responsible for these crimes remain at large. Do you admit that?”, he added. “I think I may have Read more...

All Island Bus Operators’ Association to oppose fine hike

The All Island Bus Operators’ Association (AIBOA) asserts that it opposes the decision to increase Rs.25,000 hefty fine for several traffic violations. AIBOA president Stanley Fernando said a meeting would be held with several bus unions and trishaw unions in this regard this afternoon. However, The Chairman of the Lanka Private Bus Owners Association, Gemunu Wijeratne, said they had agreed to increase fines following a meeting held with Ministers Nimal Siripala de Silva and Ravi Karunanayake on Read more...

Traffic jam on Lotus Road due to protest march

The entry road to Galle Face has been closed for traffic from Lotus Roundabout due to a protest by a group of people affected by the Salawa armoury explosions. Severe traffic congestion was reported along Lotus Road in Colombo Fort due to the protest march, reporters said. The demonstration was organised by residents of the Salawa area who claim delays in the payment of compensation for their properties damaged by the fire at the ammunition depot in the area. The road has been blocked for traffic Read more...

President Obama was ready to visit Sri Lanka in May

US President Barack Obama was ready to visit Sri Lanka last May, but it was put off due to the Vesak celebrations, Foreign Minister Mangala Samaraweera said. “Now I suppose it doesn’t matter, I must reveal something which many people don’t know so far. Last May [2016], even President Obama was ready to come to Sri Lanka which would have been the first ever official visit by an American President. But unfortunately, the dates suggested happened to be Vesak Day [Buddha Purnima day, when Sri Lanka Read more...

Two killed in motorcycle accident

The rider and the pillion rider were killed when their motorcycle collided with a tipper truck at Hungama yesterday (11), Police Media Unit told Ceylon Today online. The injured motorcyclist and pillion rider were admitted to Kuttigala Hospital where the motorcyclist succumbed to his injuries. The pillion rider was pronounced dead shortly after admission to the Embilipitiya Hospital. The victims were residents of Kurundugasara and Hambantota. They were aged 22 and 20 years. The post-mortem will be Read more...

Budget speech tomorrow

Finance Minister Ravi Karunanayake will deliver the budget speech tomorrow (10) while the budget debate will continue until December 10. Minister Karunanayake presented the 2017 Appropriation Bill at a special parliamentary sitting on 20 October. The forthcoming budget will be a people’s budget as it would incorporate ideas proposed by the people from all corners of the country, the Finance Minister said earlier.  Read more...

India, Sri Lanka need to implement large developmental projects: President Mukherjee

India and Sri Lanka need to expeditiously implement some of the large developmental projects that have been under discussion on the ground, India’s President Pranab Mukherjee has said. Mukherjee said this during a meeting with his Sri Lankan counterpart Maithripala Sirisena who called on him yesterday. According to a Rashtrapati Bhawan spokesman, the President said Indian private sector companies were keen to be partners in Sri Lanka’s infrastructure projects. Welcoming the Sri Lankan President Read more...

Bond issue should be taken to courts – President

President Maithripala Sirisena says that the Central Bank bond issue should be taken to courts for impartial ruling without political interference. The observation was made while speaking at an event held In Maharagama this morning (03). “The politicians should not interfere with respect of further investigations into the matter,” he asserted. Earlier, Prime Minister Ranil Wickremesinghe said he is willing to testify at an investigation in connection with the Central Bank bond scam. “I will Read more...

Sri Lanka up on the Mattala Airport deal with Chinese firm

Sri Lanka is up on the Mattala International Airport deal as it secured a Foreign Direct Investment (FDI) amounting to US$ 200million -300 million from a Chinese firm turn it round the debt-riddled, revenue draining Airport. The Cabinet Appointed Negotiating Committee (CANC) has negotiated the deal with the Chinese investor IZP group, a Chinese information technology firm and finalized the deal at 80 percent of the total stake under Public Private Partnership, an official said. This airport is a Read more...