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BUSINESS

12-member delegation to visit Russia

A 12-member delegation was scheduled to visit Russia on December 24 to discuss the quality of asbestos imported to Sri Lanka from Russia, Sri Lankan Ambassador to Russia Dr. Saman Weerasinghe said today. “The asbestos imported to Sri Lanka is used by the Russians as well. Their opinion is that …

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PM assures relief till April

Prime Minister Ranil Wickremesinghe yesterday said that there was no state mechanism which could provide relief to all the people in the country. The government in its plans to provide relief to people hit by the soaring cost of living had to obtain the assistance of the private sector, he …

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3Q GDP growth slows to 3.3 percent

The country’s economy grew by 3.3% in the 3Q driven by services and moderate industry growth but was hampered by lackluster performance in agriculture that showed negative growth of 3.3%, the Census and Statistics Department (CSD) said yesterday. The third quarter performance shows slower growth comparison to 4% in the …

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Hambantota port officially handed over to China

The maintenance and management of the Hambantota port by Chinese management will officially begin yesterday. Sri Lanka’s Cabinet of Ministers approved the signing of an agreement of share ownership before commencing operations in the Hambanthota Port following parliamentary sessions on December 6. On July 29, the amended agreement to expand …

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Parliament passes 2018 budget with two-third majority

The third reading of the Appropriation Bill for 2018 was passed by the House on Saturday (9th Dec.) with a two-third majority of votes ending the Committee Stage Debate. The budget was passed with a majority of 99 votes. When the division was taken 155 votes were cast in favor …

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