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The Colombo Stock Exchange (CSE) witnessed a reversal in momentum today, breaking its recent bullish streak as investor sentiment shifted during midday trading. The market, which opened on a positive note, saw the All Share Price Index (ASPI) gain 82 points early in the session before reversing sharply, declining by 179 points to close the day lower by 80 points.
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While reiterating government’s assurance to hold the Provincial Council elections next year, Minister Lal Kantha said the election will be held next year either under the old system or after enacting a new electoral system.
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The Society of Government Dispensers has announced that it will launch an island-wide strike on Wednesday (22), protesting the failure to recruit dispensing officers to major government hospitals managed by the central government and opposing what they described as unfair interference in transfer decisions made by the Health Ministry.
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Attorney-at-Law Gunaratne Wanninayake, President of the Colombo Chief Magistrate’s Court Bar Association, was released on bail today over allegations of verbally abusing and threatening a police officer who was on duty within the court premises.
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Colombo Additional Magistrate Nuwan Kaushalya today directed the Criminal Investigation Department (CID) to obtain a report from the Government Analyst regarding the quality standards of cosmetic creams distributed islandwide by Loliya Skin Company, owned by popular actress and model Piumi Hansamali.
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More than 12 civilians were killed in Afghanistan as fresh fighting broke out between Afghan and Pakistani forces on Wednesday, the Taliban said, rupturing a fragile peace that had briefly taken hold after weekend clashes between the countries killed dozens.
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An eyewitness to the recent altercation between Attorney-at-Law Gunaratne Wanninayake and a Police Constable at the Mount Lavinia Court premises has alleged that he is now being harassed by the Police for speaking out.
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Attorney-at-Law Gunaratne Wanninayake, through his counsel today informed the Court of Appeal that he would forthwith surrender before the Mount Lavinia Magistrate’s Court in connection with an incident involving a police constable at the Mount Lavinia Court premises.
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Committee on Public Accounts (COPA) has taken Colombo Municipal Council (CMC) to task for its failure to take action against an unauthorized funeral parlour on the land allocated for the construction of quarters for the administrator of Borella Kanatte.
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Police investigations have revealed that Ishara Sewwandi, the main suspect in the murder of organized crime figure Ganemulla Sanjeewa, fled Sri Lanka by boat from Jaffna and spent about three weeks in India before travelling to Nepal by road, spending nearly Rs. 6.5 million on her escape.
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Sri Lanka’s limited export diversification and narrow production base have constrained the country from fully capitalizing on the benefits of the GSP+ (Generalized Scheme of Preferences Plus) trade facility with the European Union (EU), Daily Mirror learns.
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Amid the government’s push to promote electric vehicles (EVs) as a key step toward reducing air pollution and advancing renewable energy, public interest in EVs is reportedly declining, the Electric Vehicle Owners Association (EVOA) has warned.
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Plantation companies yesterday pushed back against President Anura Kumara Dissanayake’s bid to raise estate worker wages, warning the move has no firm economic logic and would saddle the sector with an additional Rs. 13 billion burden per year.