Lanka News – Lanka Gazette – Sri Lanka News Portal

The Finance and Planning Ministry has stated that it has recorded an increase in its tax revenue following the government’s decision to slash import duties on vehicles. Continue Reading

A popular South Indian Tamil actor has lodged a complaint with the Indian police about the alleged threats received by him warning against his intended visit to Sri Lanka.

The India media today reported that South Indian Tamil actor Karunas has lodged a complaint stating that he had received threats from cadres claiming to be of the Naam Tamizhar Iyakkam party, warning him against his plans to visit the Kandy Kathirkamar temple in Sri Lanka. Continue Reading

Two magistrates from the Chavakachcheri and Vavuniya Magistrates’ Courts have been transferred with immediate effect to different areas for no specific reason. Continue Reading

Local agent for Mercedes Benz in Sri Lanka, DIMO reported selling 15 new sedans in the last week. Salesman Shanil Jayamanne said the company confirmed the sale of over 60 vehicles in the same time. Last year he reported selling two new cars, total. Continue Reading

Sumal Perera

The Board of Investment Sri Lanka has been slapped with a whopping Rs. 19 billion claim by Asia Pacific Golf Courses Limited for its investment made at Waters Edge, Battaramulla.

Sumal Perera, Chairman, Asia Pacific Golf Courses (APGC) is demanding a sum of Rs. 19,191,380,000.00 (Rupees Nineteen Billion One Hundred and Ninety One Million Three Hundred and Eighty Thousand) as damages from the BOI for its violation of the BOI-APGC Agreement. Continue Reading

The Sri Lankan Government has spent almost Rs. 1000 million to prepare the city of Colombo for the International Indian Film Academy awards, revealed the Deputy Minister of Economic Development Lakshman Yapa Abeywardena.

Colombo was given a complete facelift in anticipation of hosting the awards, with several improvements to its infrastructure and venues in the city. Continue Reading

UNP Leader Ranil Wickremesinghe has summoned a meeting of the youth branch of the party, which will be held today, according to a party member who wished to maintain anonymity. The party member revealed that Wickremesinghe had already drawn up a document for presentation at the Youth Working Committee meeting, in which the members pledge their support to the Opposition Leader.  It is said the document also states that the youth branch want Wickremesinghe to remain as Opposition Leader. Recently introduced reforms by a special committee state that most office-bearing positions within the UNP should be decided by secret ballot. Continue Reading

“Ranil and Malik did not deliver – I did”: Sabir Hussein

Sensational new information obtained by The Sunday Leader show that the former Chairman of the UNP and Ranil Wickremesinghe-confidant, Malik Samarawickrema, collected on behalf of UNP Leader Ranil Wickremesinghe a huge Rs. 48 million from one “donor”. Swedish based Sri Lankan businessman, Sabir Hussein, 50, contacted The Sunday Leader with details. Continue Reading

Former refugee Prapaharan Thambithurai was sentenced to six
months in jail Friday after pleading guilty to raising money for the
Tamil Tigers, a terrorist group dedicated to creating a separate Tamil
state in Sri Lanka. Continue Reading

Sri Lanka’s state owned corporations  and companies which account for a large portion of the nation’s economic output and employ a large, some might say disproportionately  large, share  of the work force   have  been decapitated.  Which is to say their heads have been removed.

While this might sound alarming, fear not, for new heads have  been grafted onto these companies  from different bodies.   This Frankenstein situation   may sound horrific but the reality is  that  most of these corporations weren’t doing particularly  well with their old heads.  So there is every chance they will do better, or at least not significantly worse with their new CEO’s, Chairpersons, etc. Continue Reading