India gave LTTE Rs. 5 m as compensation for Indo-Lanka pact in 1987

Published : 1:16 am  April 11, 2013  |  Category: Front Page  |  Leave a Comment  |  651 views  |  

CHENNAI: Did India compensate the Liberation Tigers of Tamil Eelam (LTTE) after the 1987 Indo-Lanka pact and the dispatch of the Indian Peace Keeping Force (IPKF) to Sri Lanka? The US administration believed so, according to a cable sent by its Embassy here and released by WikiLeaks.  Read More →


FCCISL facilitates Indian grant to assist Kilinochchi, Mullaitivu damaged businesses

Published : 1:15 am  April 11, 2013  |  Category: Business  |  Leave a Comment  |  958 views  |  

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) is engaged implementing ‘Financial assistance for repairs of damaged business in Kilinochchi and Mullaitivu’ a new project which is being fully grant-funded by the Government of India, through High Commission of India (HCI).  Read More →


IOC draws big plans for Sri Lanka but operational issues trouble

Published : 1:13 am  April 11, 2013  |  Category: Business  |  1 Comment  |  886 views  |  

Sri Lanka is yet to inform Lanka IOC that it would partially take back its unused Second World War strategic oil storage depot in Trincomalee. Despite Sri Lanka announcing that it would partially take back the unused World War II time strategic oil storage depot in Trincomalee from Indian Oil Corporation’s local arm, the company is set to go ahead with its expansions plans in the island nation.  Read More →


Apparel industry targets $ 4.1 b exports in 2013

Published : 1:13 am  April 11, 2013  |  Category: Business  |  Leave a Comment  |  1,692 views  |  

As Sri Lanka draws near its ‘Y2015 apparel target’ while battling defiant international markets, it is also closing in on its $ 4 b resolute apparel exports goal. The country will also link its SME apparel sector shipments to the global ASYCUDA e-system by next month.  Read More →


ECONEST commences operations with BIONEST

Published : 1:12 am  April 11, 2013  |  Category: Business  |  Leave a Comment  |  754 views  |  

By Rashika Fazali At a time when Sri Lanka is finding ways to deal with and manage waste-water, ECONEST introduced a global waste-water purification company BIONEST to Sri Lanka recently.  Read More →


LLRC observations cleared – Army

Published : 1:11 am  April 11, 2013  |  Category: News  |  Leave a Comment  |  1,105 views  |  
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The Lessons Learnt and Reconciliation Commission (LLRC) appointed by the President made observations pertaining to the Army and allegations made by Channel 4 recently.  Read More →


Onus on Elections Commissioner to ensure fair poll: Karu J

Published : 1:10 am  April 11, 2013  |  Category: News  |  Leave a Comment  |  521 views  |  

The onus is on Elections Commissioner Mahinda Deshapriya to ensure the forthcoming Northern Provincial Council election is free and fair, especially in the absence of the 17th Amendment to the Constitution and an independent elections commission to de-politicize the polls process, UNP MP Karu Jayasuriya said yesterday.  Read More →


Economy has no culture or religion: Eran

Published : 1:09 am  April 11, 2013  |  Category: News  |  8 Comments  |  1,125 views  |  

By Dharisha Bastians Over investment, poor investment management and apathy in the face of the break down in the rule of law and escalating ethno-religious tensions was costing the Sri Lankan state revenue, an Opposition Parliamentarian warned while President Mahinda Rajapaksa was attending Parliamentary sessions briefly last afternoon.  Read More →


Mahinda hails Thatcher’s fight against terrorism

Published : 1:09 am  April 11, 2013  |  Category: News  |  1 Comment  |  513 views  |  
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President Mahinda Rajapaksa has sent a message of condolence on the death of the former British Prime Minister Margaret Thatcher in which he commends the late prime minister for her commitment to fighting terrorism.  Read More →


“Prove you are an asset to the nation”: Basil

Published : 1:07 am  April 11, 2013  |  Category: News  |  Leave a Comment  |  1,052 views  |  
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Economic Development Minister Basil Rajapaksa said the Government would give all assistance to the 15,596 graduates recruited by his Ministry to ensure their job security and opportunities to rise to the highest ranks in public service.  They have been trained as leaders in the development process to make Sri Lanka a poverty-free country by the year 2016.  Read More →