Thai firm buys 30% stake in Commercial Credit for Rs. 10.56 b

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Acquisition valued at $ 70 million marks Group Lease Public Company’s first major expansion outside of the ASEAN region Deal als...


Government sets sail on Hambantota Port

Friday, 9 December 2016 00:50 Views - 768

By Chathuri Dissanayake  The Framework Agreement (FA) between the Sri Lankan Government and the Chinese investor to revive the Hambantota Po...


Multimodal transport hub to be established in Battaramulla

Friday, 9 December 2016 00:49 Views - 846

A proposal to establish a multimodal transport hub to deal with increasing traffic congestion in the Battaramulla area was approved by Cabinet this...


Fitch revises banking sector outlook to Negative from Stable

Friday, 9 December 2016 00:48 Views - 638

Rating agency Fitch said yesterday it has revised its sector outlook for Sri Lankan banks to Negative from Stable.  The revision was announc...


Cabinet green lights Hambantota Port PPP

Thursday, 8 December 2016 00:27 Views - 1378

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


Central Bank Governor wins LMD’s ‘Sri Lankan Of The Year’ Award

Friday, 9 December 2016 00:50 Views - 739

Pioneering business magazine LMD has announced that its ‘Sri Lankan Of The Year’ for 2016 is the Governor of the Central Bank of Sri La...


Bitter woes for sugar importers after cocaine detections

Friday, 9 December 2016 00:49 Views - 733

By Charumini de Silva Recent detections of cocaine by sugar importers have given a bitter edge to the industry with companies suspending imports ...


North-Western Province five year corporate plan approved

Friday, 9 December 2016 00:41 Views - 331

Government on Tuesday approved a five-year corporate plan on economic and infrastructure development projects for the North-Western Province. ...


Quartet of committees to pull plantations out of doldrums

Thursday, 8 December 2016 00:26 Views - 954

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




Port employees protest proposed PPP on Hambantota Port

Friday, 9 December 2016 00:41 Views - 342

The All Ceylon General Port Employees Union yesterday staged a protest in front of the Colombo Port to urge the Government to suspend the decision ...


Govt. losing battle to quell extremist groups, warns JVP

Friday, 9 December 2016 00:36 Views - 644

By Uditha Jayasinghe The JVP yesterday slammed the Government for failing to protect the religious rights of Sri Lankans and accused it of provid...


UNP backs devolution of powers within a united Sri Lanka

Friday, 9 December 2016 00:36 Views - 283

The United National Party (UNP) yesterday called for maximum devolution of powers within a united Sri Lanka. A statement by the UNP said that pow...


President defends ETCA, says nation is secure

Thursday, 8 December 2016 00:17 Views - 646

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


Govt. institutes decisive policy changes to attract investment

Thursday, 8 December 2016 00:15 Views - 805

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


Controversial security firm Rakna Lanka to be liquidated

Thursday, 8 December 2016 00:14 Views - 523

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


PRECIFAC concludes two probes into abuse of State funds at CTB and UDA

Friday, 9 December 2016 00:37 Views - 358

By Shanika Sriyananda  The Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of...


Cabinet subcommittee to look for Rs. 4 billion provided for Gin-Nilwala diversion project

Friday, 9 December 2016 00:36 Views - 280

The Cabinet of Ministers on Tuesday approved a proposal by the Finance Minister to appoint a Cabinet subcommittee to investigate the Gin-Nilwala di...


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

Thursday, 8 December 2016 00:17 Views - 544

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


UN rights watchdog calls on Sri Lanka to investigate torture

Thursday, 8 December 2016 00:16 Views - 536

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


Jayampathy threatened

Thursday, 8 December 2016 00:14 Views - 511

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


Sumanthiran Vs. Swaminathan on 65,000 houses in NE

Wednesday, 7 December 2016 00:14 Views - 2042

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




Today's Columnists

Local elections: New mixed-member method or old PR method?

9 December 2016

  I was looking forward to voting in local elections under a new mixed member system. Wearing my ratepayer hat, I was attracted to the idea of electing somebody who would be accountable to my ‘ward’ or my neighbourhood in ...

Youth underemployment: Tragedy of a generation

9 December 2016

Out of the 7.8 million employed population, 1.2 million people are estimated to be three-wheeler drivers. This is a staggering 15.4% of the working population. As a result today many sectors of the economy today are starved of critical ma...

Governance: On the bus! Or has it missed the bus?

9 December 2016

‘ISSARAHA BAHINAWAA’ – civil society’s proclivity is bow out of a crowded bus when private interests and partisan agendas win the argument over reason and responsibility; but now, more than ever perhaps, is the tim...

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...

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