Vehicles adequate for five yrs. imported

Motor vehicles adequate for the next five years had already been imported when an importation restriction was imposed, latest reports by the Department of Motor Vehicles, Central Bank and the Finance Ministry show.

According to one of the reports compiled by a team of economists, the annual requirement of motor vehicles is 45,000.

New low cost petrol for trishaws

A new, low cost petrol type would be introduced only for three-wheelers by next month, Petroleum Minister Arjuna Ranatunga said.

Speaking to media at the Ministry yesterday (17), he said that the type of petrol had a lower-octane value and would be Rs. 8 lower than the current standard petrol price.

Sri Lanka rubbishes RAW assassination plot reports

President Maithripala Sirisena has not mentioned any involvement of an Indian intelligence service or the government of India in the alleged plot to assassinate him, the President’s Media Division (PMD) said today.

The PMD issued a statement in response to some recent local and international media reports alleging that reference was made to an Indian intelligence service at the Cabinet Meeting held on Tuesday, October 16th.

Jayasuriya charged under ICC Anti-Corruption code

Sanath Jayasuriya, charged with two counts of breaching the ICC Anti-Corruption Code, has been given 14 days from 15 October 2018 to respond.

The International Cricket Council (ICC) has charged Sanath Jayasuriya with two counts of breaching the ICC Anti-Corruption Code. Mr Jayasuriya, the former Sri Lanka Cricket Chair of Selectors, has been charged with the following offences under the Code:

Fuel prices to go up monthly for next 4 months

The government is insinuating that the fuel prices could go up every month continually for the next four months, according to ‘Ravaya.’

Such a possibility was suggested by finance minister Mangala Samaraweera when he said at a media briefing on October 09 and again on the following day in parliament that world crude prices would not be reduced until February next year.

#MeToo: Arjuna and Malinga accused of sexual harassment

The MeToo movement has taken the social media platforms by storm, with women coming out and disclosing the incidents of sexual harassment they have faced.

Now a woman alleges that a Sri Lankan cricketer once harassed her during one of the Indian Premier League (IPL) tournaments. Singer Chinmayi Sripaada uploaded an image of a note written by the woman, which described her ordeal during the incident. Chinmayi further updated that the “said girl will speak on anonymity to a journalist”.

Warning of looming massive power crisis

The country will face a massive power crisis and the Ceylon Electricity Board will be in a similar situation financially, within the next five to six years as a result of the absence of an electricity generation plan since 2014, warns CEB engineers’ union president Saumya Kumarawadu.

The engineers have already cautioned about possible power-cuts that would last for several hours.

Sri Lanka forex reserves down US$1.4bn to US$7.18bn in Sept

Sri Lanka's forex reserves have fallen by 1.4 billion US dollars to 7,180 million dollars by end September 2018, from 8,584.54 billion rupees in August, amid maturing hedging deals and debt repayments and interventions, official data show.

Sri Lanka's central bank had made interventions of 731 million dollars in 2018 Deputy Governor Nandalal Weerasinghe said on October 02 and purchases of 551 million dollars, which seems to indicate net interventions of at least 644 million dollars in September.

Restrictions on motor vehicle imports come into question

Motor cars sufficient for another year had already been imported when the Finance Ministry imposed restrictions on their imports, economists say quoting Central Bank statistics.

The monthly external sector performance reports issued by the CB establishes this as a fact.

Those notices say vehicles worth 146.8 million US dollars had been imported in June 2018, compared to 54 m USD worth of vehicle imports during the corresponding period last year.

French migration racket revealed

The multi-day trawler owners are facing a huge dilemma, due to a racket where some fishermen are migrating to a French island with political assistance.

These fishermen who leave prepared with food and water enough for several days of fishing and mid way they sink their boats and are taken to Preunion island by another boat. This racket takes place with political protection, said the President of the Multi-day Trawler Owners’ Association Sujith Samantha.

More SLC money goes to outside account

EXCLUSIVE – Sri Lanka Cricket is yet to receive a final 15 per cent payment installment from Sony Pictures Networks India Ltd. in lieu of the broadcasting rights for the recent South Africa series, say SLC sources.

The broadcaster has paid the money, but the money has gone to an account that does not belong to the SLC.