Sri Lankan Cabinet approves 19th Amendment to Constitution for government reforms

Mar 15, Colombo: The Cabinet of Sri Lanka that was summoned for an emergency meeting today by President Maithripala Sirisena has approved the 19th Amendment to the Constitution and decided to reach a final settlement on electoral reforms on Tuesday (17). A special gazette notification on limiting some powers vested the executive Presidency is reportedly scheduled to be issued tonight. …

Sri Lankan government to review Chinese funded Lotus Tower project

Mar 15, Colombo: The government of Sri Lanka, which is currently in the process of reviewing large scale projects launched by the previous regime, is to review the Lotus Tower project in Colombo. Ports and Aviation Minister Arjuna Ranatunga has told reporters that a review is sought on the Chinese funded Lotus Tower project that is already under construction. The …

Lanka to gain GSP Plus

Lanka to gain GSP Plus Indunil Hewage indunil.hewage@gmail.com The prospects of Lanka gaining back the EU’s GSP plus preferential trade concessions are brighter,Industry and Commerce Minister Rishard Bathiudeen said. The Minister made this remark addressing the inaugural ceremony of sixth TEXTECH Sri Lanka 2015 International Expo’ – An International Exhibition on Textile Apparel Technology and Machinery for Sri Lanka at …

Settling Colombo Port City impasse

During the pre-election period, serious allegations were made against the Government for excessive costs and massive corruption in the awarding of large public projects. It was claimed that the costs of some road projects were several-fold over the similar projects built elsewhere in the world and that the Chinese contractors were awarded contracts at exorbitant prices. Heavy criticism was directed …

Sri Lanka’s bilateral trade with EU crosses US$ 5 billion mark

Mar 09, Colombo: Sri Lanka’s bilateral trade with European Union had reached US$ 5 billion for the first time in trade history and a visiting top EU Trade personality had pledge his personal engagement to tackle issues in bilateral trade, Minister of Industry and Commerce Rishad Bathiudeen said yesterday. Jan Zahradil, Vice-Chair of EU Committee on International Trade, Member of …

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Chris Nonis appointed as an adviser to Sri Lankan President

Mar 06, Colombo: The former Sri Lankan High Commissioner to the UK Dr. Chris Nonis has been appointed as the Adviser to President on international relations. Dr. Nonis received his appointment letter today from the President Maithripala Sirisena at the Presidential Secretariat this afternoon. Dr. Nonis resigned from the High Commissioner post in September last year after he was assaulted …

China hopes Sri Lanka will properly resolve problems to preserve confidence in Chinese investors

Mar 05, Colombo: China today expressed hope that Sri Lanka will ‘properly’ resolve the problems relating to Chinese funded projects and preserve the confidence of Chinese companies in investing in the island nation. China’s Foreign Ministry Spokesperson Hua Chunying, responding to the media queries at the regular briefing on Thursday on the Sri Lankan government’s decision to temporarily suspend the …

Sri Lanka, India discuss boosting bilateral commercial relations

Mar 05, Colombo: Sri Lanka and India held delegation-level talks Thursday to review current bilateral commercial relations and to explore measures to expand bilateral trade between the two economies in a balanced manner through optimal utilization of the opportunities available. Sri Lanka and India held delegation-level talks on Thursday (March 04) in Colombo. Secretary, Ministry of Industry and Commerce of …