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Sri Lanka rises to 100th rank in World Bank’s Doing Business index

Oct 31 (EN) Sri Lanka rose 11 notches in the World Bank’s 2019 Doing Business index, being ranked 100 among 190 economies in the ease of doing business, up from 111 in 2018. According to the latest World Bank annual ratings, the island’s ease of doing business score, rating from 0 to 100, rose to 61.22 from 59.42 last year. “SL carried out four reforms which included making Dealing with Construction Permits easier, while the introduction of online systems made it easier to pay taxes in more..

IUSF break into UGC

Oct 31 (DM) University students led by the Inter University Students Federation (IUSF) today forced into the University Grants Commission (UGC) at Ward Place in Colombo breaking its front gate. They marched to the UGC in a protest march which started in front of the Fort Railway Station demanding authorities to resolve several issues pertaining to University students in the South Eastern and Rajarata Universities. more..

Speaker meets President

Oct 31 (AM) During a discussion held with Speaker Karu Jayasuriya, President Sirisena has said he will <>consider convening Parliament before Nov 16. The meeting had lasted for over an hour and the sources close to Prez Sirisena said the discussion was cordial. They also added that Prez Sirisena was considering the possibility of convening Parliament on Monday or Tuesday. UNP and other key parties in the oppositions have firmly demanded that Parliament should be convened on Friday (2). more..

Sri Lanka: A battleground for India-China rivalry

Oct 31 (DW) India and China are closely watching the political unrest engulfing Sri Lanka, a country they both regard as a critical player in their geo-strategic game for dominance in South Asia. A constitutional crisis over the past several days has thrown Sri Lanka into a state of political tumult as the Indian Ocean island nation of over 21 million people now bizarrely seems to have two prime ministers. On Friday, President Sirisena decided to abruptly sack the PM, more..

Video: PM assumes duties as Finance Minister

Oct 31 (AD) PM Mahinda Rajapaksa has assumed duties as the Finance and Economic Affairs Minister, a short while ago. Addressing the event, he stated that the fuel price formula introduced by the past govt has to be changed. Mahinda Rajapaksa stated that he worked in this same ministry contentedly for long in the past. He says that, when the tsunami hit the country, they could resolve economic woes of the country more..