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Govt. won’t stop foreign borrowings

‘SL obtained lowest interest rate for 10-year int’l sovereign bond May 15’


Central Bank Governor Arjuna Mahendran yesterday said that it would be in Sri Lanka’s economic interests to continue with government borrowings both onshore and offshore, in order to preserve the continued momentum of economic growth and to re-affirm the strong positive image in the minds of lending institutions that Sri Lanka was fast becoming a mature democracy where political events did not unduly affect the workings of her rapidly evolving economic structure.

The Governor was responding to our news report headlined ‘Halt foreign borrowings till polls are over – Opposition’ in yesterday’s edition of The Island on the basis of a statement made by Prof. Peiris.


Polls chief’s intervention sought to stop formation of Drug Regulatory Authority


The Government Medical Officers’ Forum (GMOF) has sought Election Commissi oner Mahinda Deshapriya’s immediate intervention to thwart the Health Ministry moving to establish a Drug Regulatory Authority (DRA) in violation of the Parlia...

Chief Inspector among six arrested over treasure hunting

Inspector General of Police N. K. Illangakoon yesterday ordered the arrest of a Chief Inspector attached to a special unit coming under the Vavuniya Range for obstructing the duties of a team of policemen when the latter went to apprehend a group...



Car broker caught extorting money

KANDY – Kandy Chief Magistrate A. M. A. Wasanthakumara remanded till July 09 a car broker produced by the Peradeniya police for allegedly extorting Rs. 300,000 from a postmaster and a female employee of his institution while they ...

Basnayake Nilames back incumbent Diyawadana Nilame for second term

KANDY- The Basnayake Nilames Association of Sri Lanka announced, at a media briefing, yesterday that the association had decided to help the incumbent Diyawadana Nilame Pradeep Nilanga Dela secure another ten-year term.

Mahinda vows to contest August polls, form next govt.

Former President Mahinda Rajapaksa yesterday said he would contest the next general election as the people had asked him repeatedly to do so.

Prof. Wijesinha wants next Parliament to take up COPE report on bond scam


Former UPFA MP Rajiva Wijesinha says the next parliament should take up a special parliamentary report that dealt with alleged Central Bank bond scam.

Await Breaking News

India, China to speed up sorting out their border row

NEW DELHI, July 1: Asian giants India and China are all set to hold a crucial round of boundary talks on the sidelines of the BRICS (Brazil-Russia-India-China- South Africa) summit at Ufa in Russia next week, according to media reports here....

Forest Dept. vehicle  sustains heavy damage

KANDY - A Forest Conservation Department owned double cab driven by a department officer sustained heavy damage when it collided with a car on Kandy-Matale highway on Tuesday (30) night, Katugastota police said.



Which Sri Lankan cricketer should be inducted into ICC Hall of Fame first?
Duleep Mendis
Arjuna Ranatunga
Aravinda de Silva
Sanath Jayasuriya
Muttiah Muralitharan
Total : 14352 Votes. Results


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