Car exports to Sri Lanka -the fifth largest and fastest growing market for India-made passenger vehicles -is likely to hit a speed bump as the island nation has increased the import duty to 175% from 150%. Martuti Suzuki is the market leader in Sri Lanka, and all the vehicles it sells are imported from India. French carmaker Renault uses its facility near Chennai to supply to the Sri Lankan market. India’s automobile exports to the […]
The Inter Provincial Private Bus Association (IPPBA) President Sarath Vijitha Kumara today said the ongoing island-wide bus strike was successful. All inter-provincial and Colombo based buses which were operated from Gunasinghapura and Bastian Mawatha bus terminals came to a standstill and no buses were operated in and outside of Colombo. “We visited most of the bus terminals in Colombo, including Gunasinghapura and Bastian Mawatha. All bus terminals are deserted. Lanka Private Bus Owners’ Association (LPBOA) […]
Police used tear gas to disperse a group of three-wheeler drivers blocking the railway crossing at Galkanda on the Colombo-Negombo main road. The three-wheeler drivers were protesting against the government’s decision to increase the fine on traffic law violations. Heavy traffic congestion has been reported from the adjoining areas throughout the day, due to the blockage by the protestors.
The bus strike that was launched this morning, that inconvenienced the public, will enter its second day tomorrow. Bus trade unions have demanded an opportunity for discussions with relevant authorities while the strike is ongoing. Chairman of the Inter Provincial Bus Association Sarath Vijitha Kumara speaking to NewsRadio said the government failed to provide an amicable solution to their demands. He said they have not held discussions within the past 24 hours citing government reports […]
Sri Lanka intends to better protect fish habitats around the island by declaring them as protected zones in order to safeguard the resources for the future, said Udaya Senevirathne, Secretary to the Ministry of Mahaweli Development and Environment. Government policy is to ensure th sustainability of marine resources for economic development and conservation, he told the 8th GEF Biennial International Waters Conference that began in Sri Lanka on Monday. “We hope to protect fishing areas […]
Sri Lankan shares rose for a fourth session of gains on Tuesday to hit their highest close in four months, led by conglomerate John Keells Holdings Plc , while foreign investors’ selling dented the sentiment. The benchmark stock index rose 0.65 percent to 6,637.74, its highest closing level since Jan. 11. “Today, Keells moved the market but foreign outflow is giving out a negative sentiment. It looks like a foreigner is exiting from Keells,” said […]
The Sri Lankan authorities must determine whether the persons, whose names exposed in Panama Papers, have paid the necessary taxes and if taxes are not paid steps should be taken to reclaim the money, the Anti-Corruption Front (ACF) urged today (10). “Billions of dollars have been taken out of Sri Lanka in the recent years. Central Bank must take steps to get this money back. Panama papers have only reminded us again the need to […]
Sri Lanka’s tea production in March 2016, which was down 27.5 percent from a year earlier owing to drought, was the lowest since 2010, brokers said. March tea output fell by 8.3 million kilos to 22.06 million kilos from 30.4 million kilos in March 2015. It was the lowest since March 2010, when total production dropped to 21.05 million kilos, Forbes & Walker Tea Brokers said. “All elevations, High, Medium and Low Growns, have shown […]
Sri Lanka’s debt-ridden national airline will sell four new Airbus A350s, a government minister said on Tuesday, two weeks after cancelling an order for four of the aircraft, the Reuters news agency reported. The state-owned carrier had already sold one of the four planes for a “reasonably good price” to a leasing company and is in talks with airlines over the other three, Deputy State Enterprise Minister Eran Wickramaratne said. Although SriLankan Airlines needs more […]
The Government says it will crackdown on the foreign recruitment agency mafia in Sri Lanka. Deputy Foreign Minister, Dr. Harsha de Silva told the BBC Sinhala service that he had discussed with the Saudi Arabian authorities, the issues faced by Sri Lankan maids. The Deputy Foreign Minister said that during the discussion he called for a new system to address the issues faced by Sri Lankan maids working in Saudi Arabia.