The Government had struck gold in an unexpected quarter while preparing the ground- work for the Hambantota Port Project as gem deposits have been unearthed in the land.The Government Information Department yesterday announced that gem deposits have been found in the twelve and a half acre land earmarked for the Hambantota Port project. The Department [...]
The economic analysts argue that there are many reasons; direct and indirect, behind the current oil price hike. They mainly attribute to the developments in China and India which had increased the consumption levels of the fuel per day. This situation had led the Organisation of Petroleum Exporting Countries (OPEC) to a problem since its [...]
Sri Lanka plans to sell $200 million worth of bonds to foreign and local investors shortly, the island’s central bank said Wednesday. The issue, known as Sri Lanka Development Bonds, will be sold in maturities ranging from two to five years, C.J.P. Siriwardena of the bank’s public debt department said. The issue will be open [...]
The World Bank yesterday said it has approved US$ 65.33 million funding to improve the dam safety and water resources planning in Sri Lanka. The total cost for Dam Safety and Water Resources Planning Project in Sri Lanka is US$ 71.66 million, of which the Government of Sri Lanka is contributing US$ 6.33 million and [...]
Somawansa re-elected Leader of JVP, Viitha Herath is Information Secretary Mr. Somawansa Amarasinghe was re-elected as leader of the party at the 5th National Convention of the JVP said a spokesman for the JVP. Mr. Vijitha Herath has been selected to the post of Information Secretary earlier held by Wimal Weerawansa and Mr. Anura Kumara [...]
8 civilians were killed including a pregnant mother and 73 more passengers suffered injuries when the LTTE terrorists exploded a bomb inside a highly crowded Colombo-Panadura train around 4.55 p.m today. According to the available information the explosion occurred inside the 5th carriage of the Panadura bound train which leaves the Maradana railway station around [...]
The Central Bank said yesterday that actual inflation for 2008 would be significantly higher than the bank’s previous estimates due to the surge in international oil prices. “The continuation of the unprecedented surge in crude oil prices has naturally lead to the substantial upward revision in domestic fuel prices, inevitably leading to an increase in [...]
No human rights organizations would be allowed in! – Govt. informs UNHRC Sri Lanka has informed UN Human Rights Council (UNHRC) in Geneva that no human rights organizations would be allowed to investigate human rights situations in Sri Lanka here after. The government has accused UNHRC for being a victim of incorrect information supplied by [...]
24 student projects from Sri Lanka’s University of Moratuwa have been accepted for an open-source software development competition conducted by Google, a search engine giant. The number of acceptance is the highest accepted for the Google Summer of Code (GSoC) programme beating 10 projects from Wroclaw University of Technology, Poland and the University of Campinas [...]
