Economic challenges an opportunity for change: PM

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Says SL not unique in currency depreciation but can use present situation to transform into export-oriented economy Steadfast dedication to impro ..

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Govt. rejects dispute between President and PM over East Container Terminal

Thursday, 18 October 2018 01:11 Views - 309

Cabinet spokesman says Cabinet paper on procuring equipment for terminal from Indian company not approved By Nuwan Senarathna The Government yesterday

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Swiss lose competitiveness crown to US in revamped global rankings

Thursday, 18 October 2018 01:09 Views - 226

GENEVA (Reuters): Switzerland’s nine-year streak as the world’s most competitive economy came to an end on Wednesday, dethroned by the United Stat

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BOC, People’s Bank, BOI Boards dissolved

Thursday, 18 October 2018 01:08 Views - 1033

President Maithripala Sirisena yesterday dissolved the Board of Directors of the Bank of Ceylon, the People’s Bank and the Board of Investment. Dail

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Pharmaceutical industry withdraws 11 drugs from market

Wednesday, 17 October 2018 00:00 Views - 1314

The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement yesterday said that despite persistent appeals, the Government has failed to a

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Sri Lanka slips in competitiveness ranking

Thursday, 18 October 2018 01:09 Views - 369

Sri Lanka has slipped to the 85th position in the 2018 Global Competitiveness Index from 81st in the previous year. Out of 12 broader pillars, Sri Lan

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CB confirms receipt of $ 1 b from China Development Bank

Thursday, 18 October 2018 01:09 Views - 376

As exclusively reported by Daily FT, the Central Bank yesterday confirmed that the $1 billion Foreign Currency Term Financing Facility from China Dev

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MR appoints team to plan ‘revival of economy’

Thursday, 18 October 2018 01:07 Views - 460

MP and former President Mahinda Rajapaksa has appointed a three-member committee to develop what sources described as a plan for the revival of the ec

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Major Chinese wholesale association wants SL produce

Wednesday, 17 October 2018 00:00 Views - 785

A top Chinese delegation plans to increase Sri Lankan agriculture exports to China giving the sector a chance to tap into the massive Chinese sector,

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First global entrepreneur education meet elevates Sri Lanka to prestigious UNESCO-APEID Chair

Thursday, 18 October 2018 01:14 Views - 118

A pioneering Entrepreneurship Education (EE) series by UNESCO, which successfully concluded in Colombo on 12 October, has elevated Sri Lanka as the ne

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Sirisena apologises to Modi

Thursday, 18 October 2018 00:33 Views - 575

By a Special Correspondent President Maithripala Sirisena spoke with Indian Prime Minister Narendra Modi last night after bombshell revelations in th

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Rajitha says President misquoted

Thursday, 18 October 2018 00:33 Views - 81

By Nuwan Senarathna The Government yesterday denied the reports that President Maithripala Sirisena accused India’s Research and Analysis Wing (RAW)

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President meets Tamil representatives; assures rapid development

Thursday, 18 October 2018 00:30 Views - 96

President Maithripala Sirisena has said that the Government would extend every possible assistance to streamline the developmental activities in the N

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No plans to introduce a pricing formula for power: Rajitha

Thursday, 18 October 2018 00:29 Views - 64

The Government yesterday said there are no plans to introduce a price formula for electricity, but pledged to explain the fuel pricing formula at a la

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No plans to introduce a pricing formula for power: Rajitha

Thursday, 18 October 2018 00:29 Views - 39

The Government yesterday said there are no plans to introduce a price formula for electricity, but pledged to explain the fuel pricing formula at a la

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Tripartite fight for presidential nomination in SLPP

Wednesday, 17 October 2018 00:00 Views - 324

By Nuwan Senarathna Heated debates over a possible Joint Opposition (JO) presidential candidate clearly showed a tripartite contest emerging within t

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TISL says Airbus deal deserves special attention

Wednesday, 17 October 2018 00:00 Views - 545

Transparency International Sri Lanka (TISL) has alerted the Commission of Inquiry (CoI) into Allegations of Large Scale Fraud and Malpractice in SriLa

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President Sirisena alleges that RAW is plotting his assassination

Wednesday, 17 October 2018 00:00 Views - 605

By Meera Srinivasan The Hindu: In a move that might seriously impair Indo-Lanka relations, Sri Lankan President Maithripala Sirisena on Tuesday accuse

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Diplomats from 23 countries attend SL Foreign Policy & Economic Diplomacy Dialogue

Wednesday, 17 October 2018 00:00 Views - 389

The Sri Lanka Foreign Policy and Economic Diplomacy Dialogue, organised by the Ministry of Foreign Affairs, commenced on 15 October with the participa

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TISL calls on Govt. to fast track implementation of UNCAC pledges

Tuesday, 16 October 2018 00:34 Views - 379

By Charumini de Silva Transparency International Sri Lanka (TISL) yesterday highlighted that the country’s commitment to implement the United Nation

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Govt. failed to identify priorities of public: SLPP

Tuesday, 16 October 2018 00:32 Views - 123

SLPP claims effort to push new Constitution to distract from economic problems By Nuwan Senarathna Sri Lanka Podujana Peramuna (SLPP) yesterday claim

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Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B


Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U


Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines


Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel


1/3 of your training budget should be spent on developing leaders for boosting corporate performance

Wednesday, 17 October 2018

“Great companies spend an average of 32% of their training budget on leadership development.” – Brandon Hall’s leadership survey The highest Return On Training Investment (ROTI) comes from helping your managers sharpen the leadership skills


Falling rupee and sliding economy

Tuesday, 16 October 2018

The Central Bank (CB) seems to have given up its effort to defend the depreciating rupee. Not that it does not want to but that it cannot because there are no more reserves to gamble with. The CB, however, is trying to put a positive spin on the surr


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