( April 16, 2018, Colombo, Sri Lanka Guardian) You may be probably aware that Sri Lanka, being a member of the WTO is required to implement the Article VII (Customs Valuation) of the General Agreement on Tariffs and Trade (GATT) 1994 that compels all member nations to apply the ‘transaction value’ …
Apr 16, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena left for the United Kingdom, Sunday to attend the Commonwealth Heads of Government Meeting (CHOGM) to be held in London. The President will attend a series of meetings will be held until April 20 and he is expected to meet British …
ECONOMYNEXT – Sri Lanka’s Nations Trust Bank said its 3.5 billion Basel-III-compliant debenture issue was oversubscribed on opening day last Wednesday (11). Sri Lanka Telecom and finance company People’s Leasing and Finance Plc which also opened debenture issues Wednesday, closed the …
ECONOMYNEXT – Sri Lanka’s official forex reserves dropped 613 million US dollars to 7.309 million dollars in March 2018 from a month earlier, official data showed. Sri Lanka’s official forex reserves are made up of both central bank’s own reserves collected by mopping up excess liquidity and finance …
One day, China will turn Pakistan into its own “semi-colony,” as it did recently with Sri Lanka. China has been nice to Pakistan, on the surface that is. It has been building the China Pakistan Economic Corridor (CPEC), which will connect Western China…
The Sri Lankan military held yet another show at it’s military base in Jaffna last week, despite calls for the army to vacate the privately-owned land on which the camp occupies. The army decided to hold a bodybuilding competition at the Security Force Headquarters in Palaly, the site of a massive High …
Colombo [Sri Lanka], April 16 (ANI): Sri Lankan President Maithripala Sirisena performed New Year rituals at his official residence in Colombo. As per a media report, Sirisena along with First Lady Jayanthi Sirisena on Saturday lit a hearth to mark the…
The event was attended by various parliamentarians. Further, a group of artists visited the President’s residence to greet Sirisena on the New Year. Each year the Tamil and Sinhalese community of Sri Lanka celebrate the New Year on 14th April. The event marks the harvesting of crops. (This story has …
During the “Black July” of 1983, thousands of Tamils were ruthlessly murdered by government-led mobs and Sinhala volunteers. Due to the backlash from the international community, the Sri Lankan government, since then, has tried to keep a check on large…
Norouzi said the Majlis has put the bill on its agenda on the eve of the forthcoming visit to Colombo by Parliament Speaker Ali Larijani. A total of 203 lawmakers were present in the chamber and the bill was ratified by 153 yes votes, 11 no votes and 7…