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Exodus of Independent Directors from Richard Pieris Board

/ Thursday, 25 August 2016 00:04

  Richard Pieris and Company Plc has seen an exodus of Independent Non-Executive Directors.  The Daily FT understands ...


Niyangoda appointed to COMBank Board

/ Thursday, 25 August 2016 00:03

Lakshman D. Niyangoda has been appointed to the Board of Commercial Bank Plc as a Non-Executive Independent Director. Niyangoda is presently the ...


Govt. expands hectare extent for fertiliser subsidy

/ Thursday, 25 August 2016 00:02

Following a decision made at the Cabinet Committee on Economic Management, the Government has decided to grant a fertiliser subsidy to tea, coconut...


India to grant Rs. 300 m for Hambantota development

/ Thursday, 25 August 2016 00:02

The Indian Government has agreed to provide a grant of Rs. 300 million for livelihood development, including in the fisheries sector, in the Hamban...


Govt. calls bids for 3rd phase of Central Expressway construction

/ Thursday, 25 August 2016 00:02

Following a proposal made by Higher Education and Highways Minister Lakshman Kiriella, the Government expects to call for bids and proposals to sel...


Australian firms linked to bribe scandals in Sri Lanka; Sirisena implicated

/ Thursday, 25 August 2016 00:01

http://www.theage.com.au: Two Australian companies are embroiled in bribery scandals that reach into the offices of the presidents of Sri Lanka and...


Govt. seeks fresh investors for lubricant market

/ Thursday, 25 August 2016 00:01

By Chamodi Gunawardana In a bid to expand the country’s lubricant market, the Government will be calling applications from interested inves...


Malik credits CIMA for his success; calls for change in mindsets for the better from all

/ Wednesday, 24 August 2016 00:10

Development Strategies and International Trade Minister Malik Samarawickrama last night credited his success thus far to the Chartered Institute of...


Ranil says Govt. won’t veer away from intl. finance centre plan

/ Wednesday, 24 August 2016 00:09

Prime Minister Ranil Wickremesinghe yesterday assured Parliament that his Government would not deviate from building the international finance cent...


Sri Lanka scores as South African tourists begin avoiding terror attack countries

/ Wednesday, 24 August 2016 00:01

Travel to Belgium‚ France‚ Tunisia and Turkey declined in the first six months of the year following terror attacks in these countries&...


Foreign debt rose $ 3.5 b on rupee depreciation:

/ Wednesday, 24 August 2016 00:01

Reuters: A 10% fall in the rupee since the Government took office in January last year has increased the country’s foreign debt by Rs. 507 bi...


COYLE makes its call on ETCA

/ Wednesday, 24 August 2016 00:01

The Chamber of Young Lankan Entrepreneurs (COYLE), an influential lobby, yesterday via a statement made clear its stand on upcoming trade agreement...


Short holidays to Sri Lanka among destinations in demand for UAEs

/ Wednesday, 24 August 2016 00:01

Industry specialists in the UAE are seeing an unprecedented surge in travel bookings for the upcoming Eid Al Adha holidays even before the official...


Govt. woos investors for Western Region Megapolis

/ Tuesday, 23 August 2016 00:28

UDA stages first investor forum, expects to attract $ 16 billion within the next 10 years Minister Ranwaka says end...


Insurance industry grows by 15% in 1Q

/ Tuesday, 23 August 2016 00:24

The insurance industry has recorded a growth of 14.59%, in terms of Gross Written Premium (GWP), during the first quarter of year 2016 when compare...


Inflation up 5.8% in July

/ Tuesday, 23 August 2016 00:23

The rate of inflation, as measured by the National Consumer Price Index (NCPI), rose 5.8% in July from a year earlier, slowing for the first time i...


Civil Aviation suspends drunk pilot’s licence

/ Tuesday, 23 August 2016 00:11

The Civil Aviation Authority yesterday suspended the Pilot licence of the SriLankan Airlines pilot who failed a Breathalyzer (alcohol test) test at...


Stock market slips from 3-month closing high

/ Tuesday, 23 August 2016 00:09

Reuters: Shares closed slightly weaker on Monday after posting a three-month closing high in the previous session as investors booked profit in bev...


Rupee ends steady for sixth day

/ Tuesday, 23 August 2016 00:08

Reuters: The rupee ended steady for a sixth straight session on Monday as dollar sales by foreigners who bought government securities were offset b...


Pavement hawkers in Colombo to be removed after 15 September

/ Tuesday, 23 August 2016 00:07

In a decision that is likely to provoke much protest, the Provincial Councils and Local Government Ministry has decided to remove unauthorised pave...


Today's Columnists

“Current SLFP leadership doesn’t know Bandaranaike philosophy”

25 August 2016

The Sri Lanka Freedom Party is today controlled by people who do not understand the ‘Bandaranaike philosophy,’ otherwise they would never ally with the United National Party, said Joint Opposition bigwig MP Dullas Alahapperuma, in an i...


SLFP: A war within

25 August 2016

    As the Government of ‘national unity’ celebrated the completion of its first year in office last week, President Maithripala Sirisena was grappling with a problem that preceded his presidency.  For ...


A new trade policy for Sri Lanka

24 August 2016

  If the outlined measures are implemented, two prominent sectors will be opened up to international competition: shipping and tea    Sri Lanka desperately needs a new global economic strategy as part of a br...


Gem and jewellery industry: Criticality of a paradigm shift

24 August 2016

  The sapphire pendant in the movie Titanic had an impact on subsequent sapphire sales   Sri Lanka is renowned worldwide for fine gemstones ever since the very early days of international shipping routes and trade...


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