The proposed Revival of Under-performing Enterprises and Under-utilized Assets Act will only be applied to businesses and properties listed in the bill and will not affect those outside it, President Rajapaksa told a group of organization heads representing the private sector. The government will not take over any business ventures or assets of the private […]

Sri Lanka’s major Tamil political party, the Tamil National Alliance (TNA) is to file a Fundamental Rights petition before the Supreme Court Monday (24) against the government’s move to register the lands in the North and East. The TNA says that the government has failed to respond to the request made by the party to […]

Sri Lanka’s port authority on Tuesday said it has asked China for $40 million loan to demolish a massive seabed rock obstructing the entrance of its new $1.4 billion Hambantota port, due to start commercial operations this year. The island nation launched the port in August 2010 with an initial target of handling 2,500 ships […]

It was a red letter day in the annals of Sri Lanka’s sports when boxer Manju Wanniarachchi won the country’s first Commonwealth Games boxing gold after 72 years. A new chapter in sports revolution of Sri Lanka under President Mahinda Rajapaksa’s inspiring leadership was written in letters of gold with Warriarachchi’s memorable win over Sean […]

The explosion had taken place when two Chinese nationals of the construction company had come in a double cab and two dump trucks to obtain explosives from three containers which were parked at the Karadiyanaru police station. According to sources one dump truck had blasted and due to a sympathetic detonation all the containers had […]