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The country needs a stable national policy that does not change with every change in government, said President Ranil Wickremesinghe during the opening of a pharmaceutical manufacturing facility in Katunayake today.
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A total of 372 Officers and 7,127 other ranks of the Sri Lanka Army have been promoted to their respective next rank in view of the 73rd anniversary of the Army by President Ranil Wickremesinghe on the recommendation of Army Commander Lieutenant General Vikum Liyanage and the Ministry of Defence.
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A writ petition filed by former President Maithripala Sirisena challenging the magisterial inquiry and issuance of summons against him in connection with the Easter Sunday attack incidents was today fixed for tomorrow (11) by Court of Appeal.
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Certain Sri Lankan banks might have to be infused with fresh capital after the conclusion of what the officials call a “diagnostic study” launched into big banks to assess the extent of the implications coming from higher provisions made for losses on foreign currency-denominated financial assets and the additional losses stemming from possible bad loans.
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Pushing back on growing calls by many to cut rates to ease the pain on households and businesses and thereby kick start growth in the economy, the Central Bank last week defended its tight monetary policy as necessary until it s
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Prior to the next election, President Ranil Wickremesinghe said that he intends to reduce the number of council members for local government bodies (Pradeshiya Sabhas, Municipal Councils, Urban Councils) from 8000 to 4000 and also implement the Jana Sabha program, President’s office said.