One of the key factors that contributed to the exodus of medical specialists from the state sector is the disparity of the total remuneration received by the state medical specialists when compared to parallel grades in the government sector, the Association of Medical Specialists (AMS) says. There was always a shortage of medical specialists in […]

[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]

Sri Lanka State Trading Corporation announced that a consignment of 15 million eggs will arrive in Sri Lanka today (17) in order to meet the demand during the festive season, following the granting of approval for the import of eggs.

By Capt. A.G.A. Barrie P.Eng., B.Sc (Hons)(Eng) A.M.A. Azeez’s 50th death anniversary fell on November 24, 2023. Aboobucker Mohamed Abdul Azeez, an eminent educationist, erudite learned scholar in English and Tamil, brilliant orator, efficient administrator, writer, visionary and dedicated community worker, was born on October 4, 1911 to a traditional elite family of Vannarpannai in […]

The Cabinet of Ministers has decided for the stocks of sugar which were imported when the import tax was 25 cents to be taken over by the government and sell them through Lanka Sathosa and other supermarkets at a controlled price.

By Uditha Devapriya Interactions are about connections. Connections are not always about commonalities. After all, it is not just commonalities that are celebrated, it is also differences. There are many ways of celebrating differences, many ways of affirming them. The Interact Movement in Sri Lanka is now almost 60 years old. The Interact Club of […]

By Rathindra Kuruwita The Court of Appeal is to announce, on 17 November, its verdict on the early retirement of medical specialists. Specialist doctors said on Monday (13) that 176 of them have submitted Writ Petitions opposing the Cabinet’s decision to enforce the retirement of medical specialists at the age of 60. It was pointed […]

Budget highlights Following are the highlights of Budget proposals made by President Ranil Wickremesinghe in Parliament yesterday: New economic and political system The President said in order not to fall back into a crisis, the economic and political system of Sri Lanka must be created anew.  He said that a new social consensus should be […]

* Tax revenue to be raised by 47.1% in 2024 * Rs 10,000 increase for public sector workers * Pensioners to get Rs 2,500 allowance * Rs. 450 bn reserved for bank recapitalization * Four new universities to be established * 20% of state banks to be given off by Saman Indrajith President Ranil Wickremesinghe, […]

As cricket in Sri Lanka is currently facing an institutional crisis and a shortage of talent Rs. 1.5 billion is to be allocated from the 2024 budget for the development of school cricket and for providing necessary facilities to cricket players at the provincial level. Schools and provinces with less facilities are to be given […]

Minister of Trade, Commerce and Food Security Nalin Fernando at a news conference held at the Presidential Media Center on Thursday (09) said that the government will continue to import eggs at least till 31 December 2023 to ensure that there is no shortage of eggs during the festive season. He said that the government […]

‘2017 Foreign Exchange Act must be repealed’ By Shamindra Ferdinando President Ranil Wickremesinghe’s Director General on Trade unions Saman Ratnapriya yesterday (08) denied what he called the Opposition’s unsubstantiated claim that sugar importers had benefited from the latest increase in the Special Commodity Levy from 25 cents per kg of sugar to Rs 50 per […]

Prime Minister Dinesh Gunawardena assured that discussions are underway to resolve the acute drinking water issue experienced by the people of the Northern region.

Close on the heels of humiliating battlefield defeats in the Jaffna peninsula, President Chandrika Bandaranaike Kumaratunga declared her intention to establish full diplomatic ties with Israel. Sri Lanka opened a diplomatic mission in Tel Aviv in Oct 2000 after having established full diplomatic ties with the Jewish State in May 2000, just a few weeks […]

ECONOMYNEXT –Opposition and SJB leader Sajith Premadasa has accused the government of shrinking the economy through its proposal to increase value added tax (VAT) to 18 percent, claiming that it will reduce spending and investments. Speaking at an event on Friday November 03, Premadasa said Sri Lanka is experiencing a shortage in both dollars and […]

One of the world’s biggest shipping firms is to cut 3,500 more jobs due to lower freight rates and demand. AP Moller-Maersk already cut 6,500 roles earlier this year as part of “rigorous cost containment measures” but said more redundancies were needed. The firm, which transports goods for major retailers such as Nike, said profits […]

By Saman Indrajith The Excise Department on Thursday suspended the licences of five liquor manufacturing companies for not paying tax arrears.Commissioner General of Excise Department, Saman Jayasinghe said that the annual licences of those companies had expired on October 31 and they had not been renewed.The companies can no longer produce and distribute alcohol. State […]