Latest News
Chinese People’s Liberation Army Navy warships depart island
The trio of Chinese People’s Liberation Army Navy warships; “HE FEI”, “WUZHISHAN” and “QILIANSHAN” which arrived in Sri Lanka on 26th August 2024, departed the island today (29th August), on successful completion of their formal visit.
The Sri Lanka Navy bade customary farewell to the departing ships at the Colombo port, following naval traditions. As they departed, the warships successfully conducted a Passage Exercise (PASSEX) with
SLNS Vijayabahu. This exercise included training in communication and tactical manoeuvers, and culminated with the traditional cheer ship salute.
While the ships were in Colombo, the crew took the opportunity to visit some of the country’s tourist attractions. They also participated in various programmes designed to foster camaraderie between the two navies. Moreover, Sri Lanka Navy personnel attended briefings on the operational functions of the visiting ships.
Port calls by foreign naval ships play a crucial role in fostering collaboration among naval forces and strengthening diplomatic ties. These visits facilitate joint naval exercises and training while also allowing for the exchange of knowledge and information on unique maritime environments. This exchange is particularly beneficial in addressing shared maritime challenges.
Business
Cabinet nod to celebrate centenary of Tea Research Institute from 9th November to 14th November 2025
The Cabinet of Ministers has approved the proposal presented by the Minister of Plantation and Community Infrastructure Facilities to hold the 26th Session of the Intergovernmental Group on Tea of the Food and Agriculture Organization of the United Nations and the 4th Annual Meeting of the Asian Tea Alliance to commemorate the Centenary Anniversary of the Tea Research Institute in Colombo from 9th November to 14th November in 2025 and to take necessary steps in that respect.
Latest News
Cabinet green light to establish the Aircraft Accident Investigation Bureau of Sri Lanka (AAIBSL)
The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Transport, Highways, Ports ad Civil Aviation to prepare the relevant draft bill to establish the Aircraft Accident Investigation Bureau of Sri Lanka (AAIBSL) in accordance with the Civil Aviation Authority of Sri Lanka Act No. 34 of 2002
As proposed in the budget speech for the year 2025, the government has decided to implement a special fixed deposit scheme for senior citizens.
Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the President in his office as the Minister of Finance, Plan Implementation and Economic Development to implement the proposed special fixed deposit scheme as follows:
• To implement this scheme for fixed deposits opened within the period from 01.07.2025 to 31.12.2025 by Sri Lankan citizens of age 60 years or more.
• The period of the fixed deposit is 12 months (one year) and, the maximum deposit value is rupees one million.
• Payment of the higher value from the value when a 3% of additional annual amount to the average weighted fixed deposits rate (AWFDR) or the value when a 3% addition is made to the declared fixed deposit interest rate.
• Allocation of rupees 30 billion for payment of interest relief for this whole programme
Senior SLAS officer succeeds Bogollagama as SL’s UK HC
EUR 390 mn debt stock rescheduled until 2042 – French Embassy in Colombo
India seeks to deepen linkages between women leaders of India and Sri Lanka
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