Sri Lanka investment board says Oman Oil keen on refinery project
'We are aware that Oman Oil Company has registered their firm intention to participate in equity up to 30%, subject to reaching an agreement between the parties,' the investment board said in a…
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Singapore rejects Sri Lankan President's allegation on trading scam suspect
Sirisena on Monday accused Singapore of sheltering Arjuna Mahendran, one of his country's former central bank chiefs wanted in connection with a high-profile $74 million insider trading scam.
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Bangladesh FIFA official arrested for 'defaming' PM Sheikh Hasina
Mahfuza courted trouble after her remarks in a news conference last month in which she said Hasina was neglecting football in the cricket-obsessed country.
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Sri Lanka army ready for any war crime investigation
Sri Lanka Army along with the Liberation Tigers of Tamil Eelam (LTTE) was accused of war crimes during the final phase of the military conflict that ended in 2009 with the killing of LTTE supremo…
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Sri Lanka parliament finally approves 2019 budget
Finance Minister Mangala Samaraweera secured an absolute majority in the 225-member house despite threats from the opposition to defeat the budget and topple the government.
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Sri Lanka's Tamil party TNA, JVP pledge to work together to abolish executive presidency
The JVP and the TNA, which represented diagonally opposed political stands, came together during the political crisis in the island nation when President Maithripala Sirisena sacked Prime Minister…
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Japan to fund Sri Lankan light rail system
Colombo traffic slows to an average speed of less than seven kilometres (four miles) an hour during peak times, making it one of the slowest in South Asia.
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Right time to abolish Sri Lanka's presidential system of governance: Janatha Vimukthi Peramuna
The Janatha Vimukthi Peramuna (JVP) held a series of discussions with the main opposition leader and Sri Lanka's former President Mahinda Rajapaksa to seek his support to bring in the 20th…
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Sri Lanka president Sirisena pledges to investigate war-time atrocities
Sirisena said he will formally ask the United Nations Human Rights Council to reconsider a 2015 resolution which called for credible investigations into alleged atrocities.
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Sri Lanka in bold bid to flush out open defecation
Finance Minister Mangala Samaraweera told parliament the government will spend 4,000 million rupees to build toilets for people living in over 260,000 private homes.
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IMF agrees to extend Sri Lanka's $1.5 billion loan facility by one year
The global lender also concluded its fifth review to ensure the terms of its lending facility are being met, allowing it to disburse the sixth tranche of the loan.
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Sri Lankan police drop case in discredited plot to kill President Maithripala Sirisena
Inaction over the plot resulted in President Maithripala Sirisena ordering the removal of Ranil Wickremesinghe as prime minister and dissolving parliament in November, replacing him with Mahinda…
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Sri Lanka seizes 300 kilograms of heroin worth $17 million
'The heroin was packed in 272 plastic bags and ready for distribution,' spokesman Gunasekera said. 'We are now investigating how this consignment got into the country.'
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Sri Lanka in manhunt for ex-admiral linked to extortion killings
Wasantha Karannagoda, 66, was added to a list of 14 men accused of abducting children from wealthy families in 2008-2009 and later killing them.
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Sri Lanka central bank cuts banks' liquidity ratio to spur loan growth
Economic growth cooled to a 17-year low of around 3 per cent in 2018, central bank Governor Indrajit Coomaraswamy said after the policy decision, adding that it will pick up to about 4 per cent…
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