The Finance Ministry has signed a framework agreement with a United States-based company to sell 40 percent of shares of the Treasury-owned 300MW Kerawalapitiya Yugadhanavi Power Plant instead of  51 percent as originally proposed.

The Asian Development Bank (ADB) and Government of Sri Lanka yesterday signed loan agreements for US $ 150 million under the Asia Pacific Vaccine Access Facility (APVAX) for the procurement of vaccines and other related consumables.

The move is to encourage people with undisclosed income and assets to invest them after paying a 1 percent ‘tax on voluntary disclosure.’

The 25% hike salary increase granted to 28,000 Ceylon Electricity Board (CEB) employees will cost the government an additional nine billion rupees annually, officials said.