Nimal Siripala recruits more casual railway workers

Nimal Siripala recruits more casual railway workers

Transport minister Nimal Siripala de Silva has recruited more than 500 workers on casual basis to the Railway Department, which has been having around 2,000 workers in the non-permanent cadre for four years, railway trade unions allege.

De Silva has also enrolled 210 workers on permanent basis, and is preparing a …read more

BOI targets USD 1.5 bn FDI for 2017

Sri Lanka would target over USD 1.5 billion foreign direct investments (FDI) for 2017, said Chairman Board of Investment Dumindra Ratnayake.

“We are targeting USD 5 billion by 2020. The total FDI in 2016 was USD 801 million.”

Addressing on breakfast meeting in Colombo recently he said that after a drop in …read more

India keen to strengthen economic ties with Sri Lanka: President Kovind

India yesterday (23rd Nov.) reiterated its firm commitment to partner with Sri Lanka on projects of mutual interest.

“India is keen to strengthen the economic pillar of its relationship with Sri Lanka. There is a lot that can be achieved, given the synergy and economic complementarities,’’

President Ram Nath Kovind said at …read more

Tea production in an upward trend

Sri Lanka tea production for the month of October 2017 totalled 25.4M/kgs vis-a-vis 18.7 M/kgs of October 2016 showing a gain of 6.7M/kgs. All elevations have shown a growth in 2017 compared to the corresponding month of 2016.

During January to October 2017 the cumulative production totaled 258.3M/kgs vis-a-vis 237.6 M/kgs …read more

Sri Lankan shares hit 1-wk closing low amid heavy foreign outflow

Reuters – Sri Lankan shares hit a one-week closing low on Thursday, as investors waited for clarity on new taxes in the national budget and on key legislations, although selling by foreign investors in Commercial Bank of Ceylon helped boost turnover.

The Colombo stock index ended 0.13 percent weaker at 6,456.11, …read more

University Hostel facilities to be completed by next year: Lakshman Kiriella


The hostel facilities of state universities will be completed next year, Leader of the House and Minister Lakshman Kiriella said.

The Minister said that after providing hostel facilities the Government will pay attention to improve other facilities in universities including common rooms, libraries, canteens and toilets.

The Minister said the Higher Education …read more

Calf elephant racket goes on

Calf elephant racket goes on

Capturing calf elephants and selling them has been going on for several years. That is forgotten by the public now. But, the threat to baby jumbos in the wild persists.The most recent incident was reported from Yala National Park. Acting on a tip off, Kataragama police and wildlife officers went …read more