JO MP alleges move to disband Army intelligence

A joint opposition MP alleges a move to disband the more than 7,000-member strong Army intelligence by claiming that such a unit is useless during a no-war situation.

The MP told Sri Lanka Mirror that a former top figure of the Army was going to make the request to the president, also by noting that the Army intelligence had been used for illegal activities by certain officials to serve the needs of politicians during the previous regime.

Sri Lankan Airlines records a drop in revenue

Mismanagement, operation inefficiencies and incompetence of the present top management of Sri Lankan Airlines has pushed the national carrier into deep financial turbulence following the Treasury’s refusal to grant tax payers money to revenue loss caused by operational slip-ups.

The national carrier has recorded a revenue drop of Rs. 2.4 billion during the 2015 /2016 financial year comparing to 2014/2015 financial year.

Australia V Sri Lanka T20: Sri Lanka Wins Thriller On Last Ball

The debate over having two Australian sides playing concurrently is set to reignite after Sri Lanka claimed a final-ball, five-wicket win in game one of the Twenty20 series on Friday night.

Chasing 169 for victory, the tourists needed six to win off the final over bowled by paceman Andrew Tye. Scores were locked after five balls but, with the field called in, Chamara Kapugedera was able to find a gap and slap a boundary through cover to post an exciting victory.

Protest in Melbourne against honourary doctorate to Ranil

A group of Sri Lankans belonging to the Sinhalese and Tamil Diaspora in Australia yesterday staged a protest in Melbourne calling for the revoking of the honorary doctorate conferred on Prime Minister Ranil Wickremesinghe by an Australian university earlier in the week.

Those belonging to the Tamil Diaspora had protested by displaying LTTE flags while the Sinhala Diaspora for their part had carried the country's national flag, according to eye witnesses.

Upper Limit for 15% interest to senior citizen FDs raised

The upper limit to pay 15% special interest on fixed deposits maintained by senior citizens in the licensed commercial banks and the licensed Specialized Banks has been increased up to Rs.1.5 million from the current limit of Rs.1 million with effect from March 01.

On the instruction of the Minister of Finance Ravi Karunanayake, Treasury Secretary Dr. R.H.S. Samaratunga has informed the Central Bank of Sri Lanka to notify all banks amending the previous circular in this regard.