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President greets to Deepavali

President greets to Deepavali

I am very pleased to send...

Nine new District Organizers for SLFP

Nine new District Organizers for SLFP

Newly appointed nine (9) ...

Bond Commission proceedings concluded

Bond Commission proceedings concluded

Requests President to ext...

Parliament

Parliament

Govt. has provided 21,305...

Upul Tharanga’s landmark

Upul Tharanga’s landmark

Upul Tharanga first Sri L...

Rupee ends down on mild importer dollar demand

Rupee ends down on mild importer dollar demand

Reuters: The rupee ended ...

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Business

China cautiously optimistic about Port City

  • Visiting Chinese Vice Foreign Minister says halting port city project further will signal alarm for future investors
  • Says China is sincere to provide win-win solutions and equality for both parties
  • Phase One of the evaluations concluded and China hopes project will resume soon
  • Premier Wickremesinghe accepts invitation to visit China
  • Plans for construction of a kidney hospital in response to request by President Sirisena
  • Expects 200,000 Chinese nationals to arrive as tourists by end of year

Visiting Chinese Vice-Minister of Foreign Affairs Liu Zhenmin yesterday warned that further suspension of the Port City project could indicate an unhealthy investment environment in Sri Lanka.

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Cabinet approves Appropriation Bill 2016

  • otal expenditure estimated at Rs.3.14 t
  • Revenue, including foreign grants, projected at Rs.1.79 t
  • To be tabled in Parliament on 23 October
  • Total borrowings Rs 1.35 t

Readying to present its first Budget since the formation of a National Government, Cabinet has approved the Appropriation Bill setting Sri Lanka’s total expenditure for 2016 at an estimated Rs. 3,138 billion, an official said yesterday

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