Sri Lanka signed an agreement today (Friday) with the EXIM Bank of China for a loan of US$ 989 million to fund part of the country’s highway system the Finance Ministry said in a press release.
For the first time in history artificial rain was tested in Sri Lanka with moderate rainfall experienced over Maussakele Reservoir for 45 minutes.
Local Milk producers are claiming that their products are flying off the shelves as there is a shortage of imported dairy products.
The government has dropped its mask on the power cuts and are saying they are now official.
Reports of power cuts emerge despite assurances to the contrary.
In this election year the Government has allocated a huge chunk of cash for its Rural Development program "Gamperaliya."
Finance Minister says new Luxury Tax (LT) will be charged for vehicles registered after 6th March.
Rampant corruption, mismanagement and ignorance is ruining State Owned Enterprises says the Advocata Institute
Successive Sri Lankan governments have pumped a colossal Rs.1,150 billion into the upkeep of these SOEs up to 2017.