Govt to issue no-sex casino licenses for 20-years Source:Island ECONOMYNEXT –Sri Lanka’s President Ranil Wickremesinghe has published rules to regularise gaming under a 2010 law, issuing licenses for up to 20 years, according to two gazette notices.A five year renewable license would cost 500 million rupees. Businesses could also apply for longer periods in multiples of five years up to 20 years with fees paid up front.Licenses would have to make sure that “soliciting for the purpose of prostitution” does not take place within the premises.Drunken or disorderly behavior will also not be allowed. Sri Lanka enacted a Casino Business (Regulation) Act in 2010 but no rules were issued to regulate or to bring existing casinos under the law. Sri Lanka has at least two operating casinos.John Keells Holdings Cinnamon Life was among projects which were planned with a Casino. ...
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SLC hand cash prices to netball, commonwealth players Source:Dailymirror The Sri Lanka Cricket (SLC) has handed over a cheque of USD 500,000 to President Ranil Wickremesinghe as a donation to the Apeksha Hospital. The cheque was handed over during a felicitation ceremony organized for the Champions of Asia cricket, netball and commonwealth games, which were held at the Cinnamon Lakeside Hotel under the patronage of the President. ...
Sep 17, 2022
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Tagged Apeksha hospital, President Ranil Wickremesinghe, Sri Lanka Cricket
Tokyo will coordinate with other Sri Lanka creditors on debt: Japan Finance Minister Source:Dailymirror Japanese Finance Minister Shunichi Suzuki said on Tuesday it was important for all creditor nations of Sri Lanka to gather to discuss Colombo’s debt issue, adding that Tokyo would coordinate with other creditors on the matter. Sri Lanka’s President Ranil Wickremesinghe told Reuters last month that Sri Lanka would ask Japan to invite the main creditor nations to talks on restructuring bilateral debts, the Reuters reported. ...
Sep 1, 2022
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Tagged Japanese Finance Minister Shunichi Suzuki, President Ranil Wickremesinghe
Another round of talks between President, IMF Source:Dailynews Another round of discussions with the International Monetary Fund (IMF), with the aim of finding solutions to the financial crisis facing Sri Lanka, was held yesterday afternoon (26) at the President’s Office under the patronage of President Ranil Wickremesinghe. President Wickremesinghe joined the meeting via zoom technology exchanged ideas in a positive manner. The IMF had made a request for additional information pertaining to electricity tariff revisions, the Excise Act etc and it was decided at this meeting to provide the requested information by next Monday. ...
Aug 28, 2022
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Tagged Dr. Nandalal Weerasinghe, International Monetary Fund, President Ranil Wickremesinghe
Australia kicks in extra $25mn emergency aid to Sri Lanka Source:Dailymirror The Albanese government will lift emergency aid to Sri Lanka to $75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia. Sri Lanka’s worst financial meltdown has led to skyrocketing prices and crippling shortages of food, fuel and other necessities over the past three months and year-on-year inflation has climbed beyond 60 per cent. The deterioration of living conditions has resulted in a renewal of attempted boat arrivals in Australia from Sri Lanka, with five vessels being intercepted by Australian Border Force with a total of 137 people on board and 15 more, carrying 701 passengers all up, being stopped in Sri Lankan waters. ...
Aug 20, 2022
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Tagged Australia kicks in extra $25mn emergency aid to Sri Lanka, President Ranil Wickremesinghe
Emergency Regulations will be lifted- President-by Mahinda Aluthgedera Source:Dailynews President Ranil Wickremesinghe yesterday expressed confidence that it will be possible to lift the Emergency Regulations by the end of this week. Pointing out that the country is coming back to stable level, he said in a such a context there was no need to extend the state of emergency. The President was speaking at the Organisation of Professionals Associations of Sri Lanka (OPA) annual conference and awards ceremony at Cinnamon Lakeside Hotel, Colombo. ...
Aug 18, 2022
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Tagged Mahinda Yapa Abeywardena, Minister of Justice Dr. Wijeyadasa Rajapakshe, Organisation of Professionals Associations, President Ranil Wickremesinghe
Shares edge up Source:Island ECONOMYNEXT –Sri Lanka’s share edged up in mid-day on July 22, brokers said as the market is waiting for key developments in the government after the appointment of the new president.The main All Share Price Index was 0.14 percent or 10.93 points stronger to 7,747.30 at 1145 hours.The new President Ranil Wickremesinghe appointed his classmate and former minister Dinesh Gunawardene as the Prime Minister of the crisis-hit island nation that has plunged into a political crisis on July 22. The most liquid index S&P SL20 was down 0.24 percent or 5.94 points to 2,471.73.The market generated a turnover of 548 million rupees.Top gainers were LIOC, John Keells Hotels and Sunshine Holdings. ...
Jul 25, 2022
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Tagged Dinesh Gunawardene, President Ranil Wickremesinghe
