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Sugar & confectionery imports exceed USD 59mn in May

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The Central Bank of Sri Lanka (CBSL) said that USD 59.8 million have been spent on sugar and confectionery imports to Sri Lanka in May this year.

This is a 367.7% increase compared to the USD 12.8 million spent on sugar and confectionery imports in May 2022.

Meanwhile, the External Sector Performance report published by the CBSL further said that USD 220.5 million had been spent to import sugar and confectionaries during the period of five months from January to May.

This is an increase of 123.7% in comparison to the USD 98.6 million worth of imports made in the first five months of 2022.

The total cost of importing sugar and confectionaries to Sri Lanka in 2022 was USD 257.8 million, USD 288.8 million in 2021 and USD 277.1 million in 2020.

Source – Aruna

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Complete 3rd phase of Central Expressway by 2026 end – Vijitha

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Minister of Transport, Highways, Ports and Civil Aviation – Vijitha Herath has urged to complete work of the 3rd phase of the Central Expressway by Dec. 31, 2026.

The 3rd phase spans from Pothuhera to Rambukkana.

The minister had said this after inspecting work at the section today (Nov. 09).

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Govt refutes claims of shutting down ‘Thriposha’ company

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The government has refuted reports claiming that Sri Lanka Thriposha Limited (SLTL) is to be closed down.

Issuing a statement, the Ministry of Finance has said no action has been taken or will be taken to liquidate the Thriposha Company.

The statement further notes that the Triposha programme to provide nutrition supplements to children and pregnant mothers will continue forward in a more effective manner.

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58 Lankans arrested in Colombo over alleged online financial fraud

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A group of 58 Sri Lankans has been arrested by the Criminal Investigation Department (CID) yesterday (Nov. 08) while residing in a luxury apartment complex on Havelock Road, Colombo, over suspected involvement in an online financial fraud.

They were arrested on a tipoff received by the Computer Crime Investigation Division (CCID) of the CID and were to be produced before the Colombo Magistrate’s Court today (09).

Meanwhile, Police Spokesman DIG Nihal Thalduwa stated that the investigation commenced after a complaint received from a foreign embassy in Sri Lanka. He stated that the funds in question belong to a Korean national residing in South Korea and that funds valued at approximately Rs. 300 million were defrauded.

He added that a 52-year-old woman from Colombo 07, who served as a director, and a 40-year-old man from Ragama, who acted as a manager, are among the arrested persons.

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