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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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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. ...

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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,...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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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