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Quartet of committees to pull plantations out of doldrums

/ Thursday, 8 December 2016 00:26

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


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

/ Thursday, 8 December 2016 00:23

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


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

/ Thursday, 8 December 2016 00:23

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


Donald Trump named Time Magazine’s Person of the Year

/ Thursday, 8 December 2016 00:22

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


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

/ Thursday, 8 December 2016 00:21

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


Asiri invests Rs. 5 b for hospital in Kandy

/ Thursday, 8 December 2016 00:21

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 ...


JKH triumphs at CA Sri Lanka Annual Report Awards

/ Thursday, 8 December 2016 00:01

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


Biz confidence dips in November

/ Wednesday, 7 December 2016 00:20

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


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

/ Wednesday, 7 December 2016 00:19

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


Merrill J. Fernando honoured with FIRST Award for Responsible Capitalism

/ Wednesday, 7 December 2016 00:18

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


Melstacorp on buying spree of DFCC

/ Wednesday, 7 December 2016 00:17

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...


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

/ Wednesday, 7 December 2016 00:16

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


Taxing telecom a tragedy!

/ Wednesday, 7 December 2016 00:01

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


Jayalalithaa dies at 68

/ Tuesday, 6 December 2016 01:20

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...


London Stock Exchange welcomes SL financial community

/ Tuesday, 6 December 2016 00:38

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


November tourist arrivals up 16%

/ Tuesday, 6 December 2016 00:38

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...


Sri Lanka slips to 103rd in Global Enabling Trade Index

/ Tuesday, 6 December 2016 00:36

Vietnam at 73 ranks second most improved economy; Bhutan figures third best performer South Asia most closed regio...


Sri Lankan tourism could do better: Russian envoy

/ Tuesday, 6 December 2016 00:35

By Chathuri Dissanayake Russia’s Ambassador Alexander Karchava yesterday asserted that Sri Lanka could do a lot better to lure tourists fro...


Economic strategy validated by new investments: PM

/ Tuesday, 6 December 2016 00:34

2017 to be landmark year for investments, January rollout for H’tota port, Volkswagen and Pirelli tires  Says investments r...


Industrial output picks up 3% in 3Q

/ Monday, 5 December 2016 00:15

The country’s industrial production has picked up in the third quarter according to the Department of Census and Statistics. It said as per...


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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