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Monthly Archives: December 2017

United States GSP program expires on Dec 31

The United States’ Generalized System of Preferences (GSP) program expires on December 31, 2017.  The United States Congress did not re-authorize GSP before adjourning for the year.  The immediate effect of GSP expiration is GSP eligible imports to the United States from Sri Lanka and other GSP beneficiary countries and …

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CEA to construct 4 sanitary landfills

The Central Environmental Authority (CEA) is hoping to construct four large-scale sanitary landfills across the country as a measure to resolve the solid waste issue. CEA Deputy Director General (Waste Management) Eng. J. M. U. Indraratne said the project would be initiated with funds from the Korean Government obtained as …

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Indian arrested with heroin worth Rs 2.1 million

Sri Lanka Customs officers at the Bandaranaike International Airport (BIA) in Katunayake arrested an Indian national attempting to smuggle a stock of heroin worth over Rs 2.1 million into the country. The suspect, a 33-year-old male, had arrived from Chennai onboard flight UL126 at 5.42am this morning (28), a spokesman …

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Sri Lanka army releases 133 acres of land in North

Sri Lanka Army has released another land area of 133.34 more acres in Keppapilavu in the Mullaittivu Maritimepattu Divisional Secretariat, together with newly-built or completely renovated 28 houses and all buildings. Major General Dushyantha Rajaguru, Commander, Security Forces – Mullaittivu (SF-MLT) symbolically handed over relevant certificates of land clearance to …

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President appoints another State Minister

UPFA MP Piyasena Gamage was sworn in as State Minister of Law and Order and Southern Development before President Maithripala Sirisena yesterday morning.   Gamage recently succeeded Galle District MP Geetha Kumarasinghe after the Supreme Court ruled the latter couldn’t continue as an MP as she had been a dual …

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CBSL to keep monetary policy unchanged

First Capital Research analysts stated Tuesday that they believe the Central Bank of Sri Lanka (CBSL) would determine that the current monetary policy is appropriate and no change would be required.   FC Capital Research further said.”Despite inflation remains high, GDP growth and Credit growth are below our expectation, considering …

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Sagala promises to wipe out drug menace soon

Law and Order and Southern Development Minister Sagala Ratnayake recently said it would not be long before the drug menace was wiped out from the country.   Ratnayake said this year the STF and the Drugs and Organised Crime Division of the Police had been able to take into custody …

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