Sri Lanka has cautioned that the possession of autonomous weapons by some States, combined with their possible asymmetric usages in war, may compel other States to also abandon their policies of restraint or moratorium and ignite an arms race. It has been noted that the experience in nuclear weapons provides a useful lesson for all of us to understand the...

Full Article Saturday, 18 April 2015 02:04

A spokesperson for Kalpitiya Beach Resorts PLC told ‘The Nation’ that the company was being unfairly targeted by the Securities Exchange Commission (SEC) in the media.The SEC has portrayed the company in negative light in relation to raising funds through an IPO in 2012 and implying that the public was cheated, the spokesperson who wished to remain anonymous said.

Full Article Saturday, 18 April 2015 02:02

Police are seeking public assistance to obtain more information regarding a suspect who has been arrested by the Criminal Investigation Department (CID) for engaging in fraudulent land deals for drug traffickers. Police Media Unit stated the suspect, identified as a 52-year-old Vidura Saman Gunaratne, of 99/04, Subadrarama Road, Gangodavila, Nugegoda, was arrested by the CID on April 9 in Malabe.

Full Article Saturday, 18 April 2015 02:00

Deputy Minister of Foreign Affairs Ajith P Perera who is currently in The Netherlands leading the Sri Lanka delegation to the Global Conference on Cyberspace – 2015 (GCCS 2015) visited the Dutch Parliament on the sidelines of the conference on 15 April. 

Full Article Friday, 17 April 2015 18:02

M.M.Zuhair PC, Director General of Telecommunication Regulatory Commission of Sri Lanka (TRC SL), at the launch of the 'Free Wi-Fi for Regional Towns program' held under the patronage of President Maithripala Sirisena at the Polonnaruwa District General Hospital premises last Thursday; April 09.

Full Article Friday, 17 April 2015 17:22

Sri Lanka’s economic growth is expected to decline to 6.9 percent in 2015 due to slowing construction activity, the World Bank said in a recent regional report.

Full Article Friday, 17 April 2015 17:47

Former Leader of the Janatha Vimukthi Peramuna (JVP) Somawansha Amarasinghe has announced his resignation from the party this evening at a press briefing held at a restaurant in Battaramulla.

Full Article Thursday, 16 April 2015 17:05

The Indian Central intelligence agencies have launched a major investigation into a “specific tip-off” that Naxals were now getting sophisticated weapons through the sea route from Sri Lanka.

Full Article Thursday, 16 April 2015 09:35

Pakistan’s Gwadar port which has been taken over by a Chinese firm could guarantee maintenance and supply for China’s naval ships in the Indian Ocean after the new Sri Lankan government declined permission for Chinese vessels to dock in the country.

Full Article Thursday, 16 April 2015 09:31

Two fatal accidents in the Habarana area last evening left two people dead and four others injured. Police Media Unit said one accident had occurred at Hathareskotuwa along the Trincomalee road when a three-wheeler skidded off the road and slammed into a tree.

Full Article Thursday, 16 April 2015 09:01

The Government plans to introduce a special ‘Red label’ to inform the customers about the sugar level of the bottled drinks imported and locally produced. Health and Indigenous Medicine Ministry will implement the program soon with the intention of to educate the public about the excessive sugar content.

Full Article Tuesday, 14 April 2015 10:22

The 42nd Death Anniversary Commemoration of Second Prime Minister of Sri Lanka, Dudley Senanayake took place yesterday at the site of his statue near the Borella Kanatte roundabout at 16 hours attended by Buddha Susana Religious Affairs Minister Karu Jayasuriya as the Chief Guest.

Full Article Tuesday, 14 April 2015 10:03

Ceylinco Insurance employees present and past will be in for a New Year bonanza, with the recent court decision, which recognized them as the sole owners of the Ceylinco Insurance Employee Share Ownership Trust (CISOT) fund.  Each employee on the average should receive around Rs.1.8 million, if a potion of the trust, is sold and dispersed amongst them. 

Full Article Saturday, 11 April 2015 02:23

Bhutanese Prime Minister Tshering Tobgay offers prayers during a Buddhist ceremony at the Kelaniya Rajamaha temple during a visit to Kelaniya on April 9, 2015. Bhutan’s Prime Minister Tshering Tobgay is on a three-day official visit to the island. (AFP PHOTO / ISHARA S. KODIKARA)

Full Article Saturday, 11 April 2015 00:00

COLOMBO (EconomyNext) - A consortium of domestic and foreign investors have made a bid in excess of 5.5 billion rupees for 3.5 million Ceylinco Insurance shares held in a trust which is expected to be dissolved under stock exchange rules, sources familiar with the matter said. The Ceylinco Insurance Employee Share Ownership Trust (CIESOT) holds 4.57 million shares or a 22.8 percent stake in the...

Full Article Saturday, 11 April 2015 02:18

The final rituals of the Most Ven. Udugama Sri Buddharakkhitha Mahanayaka Thera of the Asgiriya Chapter will take place on Sunday, April 12 in Kandy. Recognizing his service to the cultural and social fields locally and internationally, the Cabinet of Ministers has decided to hold a grand funeral ceremony with State Honor. The government has also decided to declare the...

Full Article Saturday, 11 April 2015 02:16

The documents pertaining to investigations on financial malpractices in the National Lotteries Board have been given to a committee headed by J.C. Weliamuna, Finance Minister Ravi Karunanayake said on Friday.

Full Article Saturday, 11 April 2015 02:14

The Ilankai Thamil Arasu Kadchi (ITAK) has reiterated that it is the only party entitled to the post of Leader of the Opposition. In a strongly worded letter to Speaker Chamal Rajapaksa signed by its Parliamentary Group Leader R Sampanthan and General Secretary K Thurairajasingham, ITAK points out that both the United National Party (UNP) and the United People’s...

Full Article Saturday, 11 April 2015 02:12

The government is confident of obtaining the required 2/3 parliamentary majority to pass the proposed 19th Amendment to the Constitution as about 75 Sri Lanka Freedom Party (SLFP) Parliamentarians are supporting President Maithripala Sirisena and are willing to cooperate, Justice Minister Wijeyadasa Rajapakshe said.

Full Article Saturday, 11 April 2015 02:10

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