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CCTV cameras to be made mandatory in passenger buses
Parliament Committee has decided to make it mandatory to install CCTV cameras in passenger buses. The decision has been taken by the Sectoral Oversight Committee on Energy & Transport, which met in Parliament recently.
WB approves US $150 Million to strengthen SL financial sector
The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.
Srilankan Airlines faces aircraft engineers exodus
The Association of Srilankan Airlines Licensed Aircraft Engineers (ALAE) revealed that an unprecedented demand for skilled professionals from Sri Lanka abroad, resulting in a significant exodus from ALAE’S workforce.
CDB gets US $ 30million from US DFC
Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).
Somalia floods: UN warns of 'once-in-a-century event'
More than 1.6 million people in Somalia could be affected by the recent unusually heavy seasonal rains, the United Nations has warned.
Belgium detains two far-right terror suspects
Anti-terrorism police in Belgium have detained two suspected members of a far-right group accused of plotting bomb attacks and inciting violence.
CDB gets US$ 30 m from US Development Finance Corporation
Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).
Income tax to impose on firms benefited from Sugar tax hike
The Committee on Public Finance in the Sri Lankan Parliament issued a directive instructing the Ministry of Finance to impose an income tax on companies that made gains due to the 'midnight gazette' on sugar imports.
JKH signs MoU with leading gaming operator
John Keells Holdings PLC (JKH) today said they have entered into a Memorandum of Understanding (MOU) with a leading international gaming operator regarding the Cinnamon Life Integrated Resort.
SL’s Pekoe Trails bags Best Wider World Tourism Project award
Sri Lanka’s Pekoe Trails won the Best Wider World Tourism Project organized by the British Guild of Travel Writers.
Mexico officials find 123 migrants trapped in trailer
Mexican authorities have found 123 people from neighbouring countries trapped in a trailer in the central state of San Luis Potosi.
Israel officials accuse Gaza reporters of knowing about Hamas attack
Israel's communications minister has accused four freelance Gaza-based journalists who have worked with Western outlets of knowing that Hamas was going to attack Israel.
Property tax likely to be chosen over comprehensive wealth tax: KPMG
As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri Lanka.
Customs Ordinance to be amended for improved trade practices
The Cabinet of Ministers on Monday approved amendments to the Customs Ordinance to enhance revenue collection, transparency, trade facilitation and compliance requirements.
Sri Lanka Cricket to be governed by 18-member Board of Directors
In a bid to address and resolve the ongoing crisis in Sri Lanka's popular sport of cricket, Sri Lanka Cricket is to be governed by a Board of Directors comprising 18 members.
BOI Industry Advisory Council to tackle industrial sector issues
The BOI Industry Advisory Council (IAC) recently met to deliberate on the opportunities and challenges facing sectors such as ICT, Apparel, Spices and Concentrates, Nautical Tourism, Aquaculture, Electrical and Electronics (E&E) and Minerals.
Sri Lanka Economic Commission comes into effect soon
A new institutional structure is to be created for the establishment of the Sri Lanka Economic Commission and its associated units.
Iran-backed Yemeni rebels shoot down US drone
Yemen's Houthi rebels have shot down a US military drone, US officials and the Iran-aligned Houthi movement have said.
Star of David graffiti in Paris - the Russian connection
French police believe a graffiti campaign featuring Star of David stencils may have been the work of Russian intelligence.
Sri Lanka becomes a soft target for cybercriminals
Sri Lanka has been identified as a soft target for cybercriminals, and according to the 21st edition of Microsoft's Security Intelligence Report, cryptocurrency mining malware is rampant, where cybercriminals seek illicit profits increasing