Moves to abolish Executive Presidency failed due to greed for power

Moves to abolish Executive Presidency failed due to greed for power

By Veeragathy Thanabalasingham/Daily Express It was interesting to read the peculiar reason given by former President Mahinda Rajapkasa for his decision to hold the Presidential election in January 2015, two years ahead of schedule Talking to the media last Sunday outside the Tangalla Remand Prison where his eldest son and parliamentarian, Namal Rajapaksa, was being […]

Sri Lanka kicks off international shopping festival weekend

Sri Lanka kicks off international shopping festival weekend

Colombo, Oct 20 (newsin.asia) – A three day mega international shopping weekend kicked off in the Sri Lankan capital Colombo on Friday aimed at promoting Sri Lanka’s local products, tea and spices, globally. The Colombo International Shopping Festival which is organised by the Sri Lanka Retailers Association in collaboration with the Tourism Ministry was declared […]

Sri Lanka to attract more FDIs under ‘Vision 2025’

Sri Lanka to attract more FDIs under ‘Vision 2025’

Colombo, Oct 20 (newsin.asia) – Sri Lankan Prime Minister, Ranil Wickremesinghe on Friday said his government aimed to transform Sri Lanka into a hub of the Indian Ocean under the ‘Vision 2025’ programme. In a speech, outlining the government’s economic policy, delivered in Parliament, Wickremesinghe said that Sri Lanka had to join hands with the […]

Buddhist high priests’ stand could thwart Lankan constitution making process

Buddhist high priests’ stand could thwart Lankan constitution making process

Colombo, October 19 (newsin.asia): The Sri Lankan constitution making process is likely to come to a grinding halt as the representatives of the Malwatte and Asgiriya chapters of the Buddhist Maha Sangha, have opposed any change in the constitution, whether piecemeal or wholesale. The Karaka Maha Sangha Sabha, of the Malwatu & Asgiriya Chapters which […]

Sri Lanka to attract $1 bln of investments in 2018 through Port City

Sri Lanka to attract $1 bln of investments in 2018 through Port City

Colombo, Oct 19 (newsin.asia) – The Sri Lankan government says that a Chinese funded mega Port City constructed close to the Colombo Harbour will bring in 1 billion dollars worth of foreign investments next year and will be the best piece of real estate in the South East Asian region. Minister of Law and Order, Sagala […]

4 arrested in Sri Lanka for stealing $137,000 Blue Sapphire

4 arrested in Sri Lanka for stealing $137,000 Blue Sapphire

Colombo, Oct 18 (newsin.asia) – The Sri Lankan Police, on Wednesday arrested four people for stealing a precious Blue Sapphire stone valued at an estimated 137,000 US dollars from a local businessman. The police said that the businessman who was from Sri Lanka’s southern town of Beruwala, had lodged a complaint with the Police Chief last […]

Sri Lanka’s former war torn north shuts down over political prisoners

Sri Lanka’s former war torn north shuts down over political prisoners

Colombo, Oct 13 (newsin.asia) – Sri Lanka’s former war torn north came to a complete standstill on Friday as the public launched a protest, urging the release of political prisoners held under the Prevention of Terrorism Law. Shops, schools and offices were closed across the district as people gathered outside the government secretariat’s office, holding placards […]

Sri Lanka to receive $700 mln from US’s Millennium Challenge Corporation

Sri Lanka to receive $700 mln from US’s Millennium Challenge Corporation

Colombo, Oct 13 (newsin.asia) – Sri Lanka will receive approximately US 700 million dollars within a period of five years from the US Government’s Millennium Challenge Corporation (MCC), the Finance Ministry said in a statement here Friday. The MCC funding will be received to invest in three key areas – transport, access to land and […]

Sri Lanka recovers cash stolen from Taiwan bank

Sri Lanka recovers cash stolen from Taiwan bank

Colombo, Oct 13 – Sri Lankan authorities have recovered more than $1.3 million stolen from a Taiwanese bank after two men were arrested in connection with the heist, an official said on Thursday. An international manhunt was launched after a reported $60 million was swiped when a criminal gang hacked into the Far Eastern International […]

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