JKH triumphs at CA Sri Lanka Annual Report Awards

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John Keells Holdings CFO Ronnie Peiris receives the Overall Excellence Cyril Gardiner Memorial Trophy Gold Award from Chief Guest Finance ...

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Cabinet green lights Hambantota Port PPP

Thursday, 8 December 2016 00:27 Views - 182

China Merchants Port Holdings to get 80% of H’tota Port $ 1.4 b Full investment in one year  Sri Lanka Ports Autho...

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World Bank approves $ 75 m to strengthen social safety net program

Thursday, 8 December 2016 00:23 Views - 122

The World Bank Board has approved a $75 million credit from the International Development Association (IDA) to support Sri Lanka’s main welfa...

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Donald Trump named Time Magazine’s Person of the Year

Thursday, 8 December 2016 00:22 Views - 111

Reuters: Time Magazine has named US President-elect Donald Trump Person of the Year, citing the upheaval in American politics brought about by the ...

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Asiri invests Rs. 5 b for hospital in Kandy

Thursday, 8 December 2016 00:21 Views - 181

By Charumini de Silva Softlogic Group subsidiary Asiri Hospital Holdings Plc (ASIR) has invested Rs. 5 billion to set up a new hospital in Kandy ...

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Quartet of committees to pull plantations out of doldrums

Thursday, 8 December 2016 00:26 Views - 137

By Uditha Jayasinghe    The plantation sector could get a boost through three new committees appointed by the Prime Minister yesterday,...

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Associated British Foods invests Rs. 450 m in fully-owned subsidiary in Sri Lanka

Thursday, 8 December 2016 00:23 Views - 182

In a move that reinforces the confidence placed by global conglomerates in Sri Lanka, Associated British Foods has announced plans to invest $ 3 mi...

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Indian banks got about $ 170 b in old notes since demonetisation

Thursday, 8 December 2016 00:21 Views - 123

Reuters: Indian banks have so far received roughly 11.5 trillion rupees in discontinued currency since the Government decided to abolish high value...

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Biz confidence dips in November

Wednesday, 7 December 2016 00:20 Views - 613

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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Tamil Nadu’s new leaders should keep up pressure on Lanka: Shivajilingam

Thursday, 8 December 2016 00:17 Views - 123

PTI: Tamil Nadu’s new Chief Minister O. Panneerselvam and Opposition Leader M. K. Stalin should continue with the same policy of pressurising...

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UN rights watchdog calls on Sri Lanka to investigate torture

Thursday, 8 December 2016 00:16 Views - 113

Reuters: A UN rights watchdog called on Sri Lanka on Wednesday to investigate documented allegations of torture and rape of detainees by security f...

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Jayampathy threatened

Thursday, 8 December 2016 00:14 Views - 114

Co-Chairman of the Management Committee of the Steering Committee of the Connotational Assembly Secretariat, UNP MP Dr. Jayampathy Wickramaratne ra...

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Sumanthiran Vs. Swaminathan on 65,000 houses in NE

Wednesday, 7 December 2016 00:14 Views - 1320

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 - 446

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 - 915

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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President defends ETCA, says nation is secure

Thursday, 8 December 2016 00:17 Views - 136

President Maithripala Sirisena urged lawmakers yesterday to support his Government’s efforts to draft a new constitution and made a strong ca...

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Govt. institutes decisive policy changes to attract investment

Thursday, 8 December 2016 00:15 Views - 133

In its efforts to attract suitable investments to Sri Lanka and revive the country’s export positioning in international markets, the Governm...

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Controversial security firm Rakna Lanka to be liquidated

Thursday, 8 December 2016 00:14 Views - 115

By Chathuri Dissanayake The Government has decided to liquidate the controversial Government-owned security company Rakna Arakshaka Lanka Limited...

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SC re-fixes rights petition by ex-diplomat Weeratunga

Wednesday, 7 December 2016 00:13 Views - 532

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 - 382

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 - 404

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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Today's Columnists

Researchers and elephants – we have a problem!

8 December 2016

 John Dewey said that “every great advance in science has come from a new audacity of imagination” and these acts of imagination have to come from researchers. The numbers for Sri Lanka appear to be really worrying as the critica...


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...


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