News

National Debt Management Institute to be established

Published

2 months ago

September 26, 2023

editor

The Cabinet has granted approval to establish a National Debt Management Institute.

It has been emphasized in the supplementary Budget of 2022 the importance of the establishment of a State Loan Management Institute as an institutional reformation while enhancing loan management and transparency has been recognized as a prioritized sector even under the appropriation loan facility of the International Monetary Fund (IMF).

Government said that technical assistance has been rendered by the IMF and the World Bank in order to establish the proposed state loan management institute.

The loan management reformation plan, loan management institutional framework and legal framework have been planned by now.

Accordingly, the Cabinet approved the resolution tabled by the acting Minister of Finance, Economic Stabilization and National Policies to direct the Legal Draftsman to draft the Bill of the State Loan Management Act.

News

India – Russia venture to take up reins of MRIA

Published

5 mins ago

December 6, 2023

editor

Sri Lanka has reportedly agreed to hand over the operations of the Mattala Rajapaksha International Airport (MRIA) to a private joint venture between Russian and Indian entities.

Secretary of the Ministry of Ports and Aviation – Mr. K.D.S Ruwanchandra said that a discussion held yesterday (05) in this regard, ended on a positive note and an agreement is to be signed soon.

Accordingly, all operational activities at Mattala International Airport will be managed and executed by the Russian-Indian Private Joint Venture.

News

Fmr. DIG released from alleged VIP assassination plot

Published

7 mins ago

December 6, 2023

editor

Former Deputy Inspector General (DIG) of Police, Nalaka de Silva has been released from the case filed over the alleged VIP assassination plot in 2019.

The Colombo Fort Magistrate has ordered to release de Silva after the Attorney General informed the court that ‘insufficient evidence’ was found to support the allegations.

The former Director of the Terrorism Investigation Division (TID) was arrested by the CID on October 25, 2018, over a suspected plot to assassinate former Presidents Maithripala Sirisena and Gotabaya Rajapaksa.

BIZ

Cinnamon prices drop in SL

Published

13 mins ago

December 6, 2023

editor

Cinnamon prices have dropped in the Sri Lankan market, the Department of Agriculture states.

Alba cinnamon, which is the highest grade of Ceylon cinnamon available in the local market, is sold between Rs. 4,800 – Rs. 5,000 per kilo which is a drop of Rs. 500.

This will lead to serious economic issues for those at the grassroot level of the industry, whose livelihood is cinnamon cultivation.