Sri Lanka government is set face yet another obstacle against the implementation of Sri Lanka Telecom share divesting initiative as trade unions of the under its trade unions has gone to courts blocking efforts of State owned Enterprise reforms.

Sri Lanka’s parliamentarians are earning more than each of their contributions for the economic development of the country, recent fact check revealed.

The government has initiated discussions for the transformation of the Department of Railways to a public corporation as part of the process of reforming the state-owned enterprises (SOEs) Trans port minister disclosed.

More choice for travelers at Dubai International Air Port following the increase of daily flights by FitsAir Sri Lanka’s first privately owned international airline, aviation ministry sources said.

Sri Lanka Navy has seized another large stock of drugs on anothret surveilence operation Navy sirces announced yesterday.

The private creditors who have given loans to Sri Lanka have forwarded the first proposal for debt restructuring to the Sri Lankan authorities, and it is reported that no information will be disclosed regarding the proposal.

Dollar-strapped government will set the stage of economic recovery following the unlocking of US $2.9 billion International Monetary Fund (IMF) bailout loan by the end of this month with the executive board approval for reforms programme, State Finance Minister Shehan Semasingha confirmed.

The spokesman for the Ministry of Foreign Affairs of the People’s Republic of China has reaffirmed their commitment towards Sri Lanka’s debt restructuring process.

China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing.