Taxing telecom a tragedy!

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By Charumini de Silva  Slapping higher taxes on data is a regressive move that could discourage ecommerce development in Sri Lanka, an exper...

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Biz confidence dips in November

Wednesday, 7 December 2016 00:20 Views - 493

The December edition of leading business magazine LMD reports that business confidence fell sharply to 144 in November, compared to 165 in the prev...

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Merrill J. Fernando honoured with FIRST Award for Responsible Capitalism

Wednesday, 7 December 2016 00:18 Views - 694

The man known as the Teamaker, Dilmah Founder Merrill J. Fernando, was honoured in the United Kingdom with the FIRST Award for Responsible...

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World Bank to provide $ 70 m to uplift Sri Lanka’s plantations sector

Wednesday, 7 December 2016 00:16 Views - 543

The World Bank will provide Sri Lanka $ 70 million to modernise the estates and factories of Regional Plantations Companies (RPCs), the Ministry of...

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London Stock Exchange welcomes SL financial community

Tuesday, 6 December 2016 00:38 Views - 891

  Upbeat of “enormous potential” and offers expertise on Govt. projects LSE Group opens  state...

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November tea auction average highest ever with Rs. 168.82 per kilo gain

Wednesday, 7 December 2016 00:19 Views - 333

  Auction average for the month of November totalled Rs.581.33 vis-à-vis Rs.412.51 of November 2015 showing a substantial gain ...

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Melstacorp on buying spree of DFCC

Wednesday, 7 December 2016 00:17 Views - 466

Melstacorp on Monday bought a further 1.43 million shares of DFCC Bank for Rs. 168 million. The purchase of the 0.5% stake comes after Melstacorp...

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Jayalalithaa dies at 68

Tuesday, 6 December 2016 01:20 Views - 899

Tamil Nadu Chief Minister J Jayalalithaa passed away at 68 late on Monday evening after failing to recover from a cardiac arrest she suffered on Su...

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November tourist arrivals up 16%

Tuesday, 6 December 2016 00:38 Views - 834

Tourist arrivals to Sri Lanka in November rose by 16% to 167,217 persons, bringing the total for 11 months to 1.82 million, up by 15%. Arrivals f...

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Sumanthiran Vs. Swaminathan on 65,000 houses in NE

Wednesday, 7 December 2016 00:14 Views - 952

By Dharisha Bastians  The main opposition Tamil National Alliance pitched into Resettlement Minister D.M. Swaminathan in Parliament yesterda...

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Fines for illicit liquor to go up

Wednesday, 7 December 2016 00:13 Views - 337

The Government is exploring the possibility to increase fines on illicit liquor as a measure to tackle illicit drug use in the country, Minister of...

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CIABOC commences probe into judicial corruption

Wednesday, 7 December 2016 00:11 Views - 510

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has commenced an inquiry against present Chief Justice K. Sripavan, fou...

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AG withdraws case against Basil on misappropriation on Divi Naguma funds

Wednesday, 7 December 2016 00:10 Views - 300

The Attorney General’s department yesterday withdrew the case filed against former Economic Development Minister Basil Rajapaksa and former D...

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US breaks ground on new embassy in Colombo

Wednesday, 7 December 2016 00:09 Views - 536

In an important symbol of enduring friendship with Sri Lanka, US Ambassador Atul Keshap and the Bureau of Overseas Buildings Operations (O...

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Rajapaksa’s henchmen disturbing public life: Ranil

Tuesday, 6 December 2016 00:56 Views - 717

Prime Minister Ranil Wickremesinghe yesterday expressed his concerns over what he described as criminals of the Rajapaksa regime threatening to sur...

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SC re-fixes rights petition by ex-diplomat Weeratunga

Wednesday, 7 December 2016 00:13 Views - 408

By S. S. Selvanayagam The Supreme Court yesterday (6) fixed for support on 11 January for granting of leave in respect of the fundamental rights ...

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President sends condolence message over Jayalalithaa’s death

Wednesday, 7 December 2016 00:12 Views - 272

President Maithripala Sirisena yesterday expressed his condolences over the death of Tamil Nadu Chief Minister J. Jayalalithaa, calling her a &ldqu...

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Maldivian Foreign Minister meets Ravi K

Wednesday, 7 December 2016 00:11 Views - 284

A meeting between the visiting Foreign Minister of the Maldives Dr. Mohamad Azim and Finance Minister Ravi Karunanayake was held recently at the Mi...

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FM explores diplomatic solution to free Lankan sailors

Wednesday, 7 December 2016 00:10 Views - 246

No ransom demand was received by Sri Lankan missions in Yemen and Dubai to release nine Sri Lankan sailors held in Hudida Harbour, confirmed Deputy...

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Russia looking to strengthen relations with Sri Lanka

Tuesday, 6 December 2016 00:57 Views - 563

By Chathuri Dissanayake Russia will gradually strengthen its ties with Sri Lanka in the future with more bilateral agreements paving the way for ...

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No funding cuts for Provincial Councils: Ravi K

Tuesday, 6 December 2016 00:54 Views - 528

Finance Minister Ravi Karunanayake yesterday stressed that funds allocated to provincial councils by the Central Government through its Budget 2017...

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Today's Columnists

CEB Engineers, back to old practices

7 December 2016

   Considering the low reliability of the Norochcholai coal-fired power plant, Sri Lanka could face energy and capacity shortages in 2018-2019 and under drought  conditions even with planned plant additions   ...


Policy contradictions hold back economic prospects

7 December 2016

   Whilst fiscal adjustments are in disarray, the Central Bank which is supposed to conduct the country’s monetary policy independently is being increasingly subject to political influence, according to recent newspaper rep...


Why agricultural value chains fail – Part (2): A principal-agent-problem

7 December 2016

  A tea cultivation in Nuwara Eliya – Pic by Shehan Gunasekara   It is time to move away from traditional subsidy based agricultural value chains and look for more efficient methods. Some organisations are a...


Brilliant companies are brilliant at the basics

6 December 2016

Top research company AC Nielsen last week announced that the Consumer Confidence Index (CCI) had picked up from a downward trend. But challenges to the consumer remain given that the economy grew by a modest 2.6% in the backdrop of the drought and...


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