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Foreign buying returns but Bourse negative

Views - 124 Saturday, 21 September 2019 00:35

The Colombo stock market turned negative yesterday despite return of foreign buying. ASPI was down by 17 points and S&P SL20 was down by 21 points. Turnover was Rs. 542 million. NDB Equities

President tells PSC he was kept in dark about imminent terror threats

Views - 250 Saturday, 21 September 2019 00:34

President Maithripala Sirisena yesterday told the Parliamentary Select Committee investigating the Easter Sunday attacks that neither he nor the Presidential Security Division (PSD) was kept i

TNA’s Sumanthiran says both President and PM agreed to Thursday’s Cabinet meeting

Views - 918 Saturday, 21 September 2019 00:33

TNA parliamentarian M.A. Sumanthiran said yesterday that the emergency Cabinet meeting summoned on Thursday to discuss the abolition of the executive presidency was done with the agreement of both President Maithripala Sirisena and Prime Minister Ran

Deposit to contest poll made on behalf of SLPP candidate Gotabaya Rajapaksa

Views - 51 Saturday, 21 September 2019 00:33

Secretary of Sri Lanka Podujana Peramuna (SLPP) Sagara Kariyawasam yesterday made the cash deposit on behalf of its candidate for the 16 November Presidential Election Gotabaya Rajapaksa. Kariyawasam, who was accompanied by MPs Wimal Weerawansa, Uday

Lankan envoy in Beijing says Chinese firm relocated and withdrew from Lotus Tower Project

Views - 188 Saturday, 21 September 2019 00:10

Sri Lankan Ambassador to China Dr. Karunasena Kodituwakku says the Aerospace Long-March International Trade Co. Ltd. (ALIT), which entered into an agreement with Sri Lanka on the Lotus Tower Project had relocated and dropped out of the agreement unan

P’ment avoids taking up questions on Party Leaders’ decision

Views - 39 Saturday, 21 September 2019 00:01

Based on a decision made by Party Leaders, the Parliament avoided taking up Questions for Oral Answers when the House sat yesterday with Deputy Chairman of Committees Selvam Adaikkalanathan in Chair. However, yesterda

UNICEF condemns beating of two child monks

Views - 35 Saturday, 21 September 2019 00:01

UNICEF in a statement yesterday said it was deeply shocked and saddened by the recent media reports of two child monks, living away from home and family, being brutally assaulted for an alleged wrongdoing. UNICEF said it notes w

Enterprise Sri Lanka mobile service to be held islandwide to provide capital loan for investment

Views - 77 Saturday, 21 September 2019 00:01

The Finance Ministry has made arrangements to reach the people and conduct Enterprise Sri Lanka mobile service throughout the country in order to provide capital loans at subsidised interest rate to enable the people to begin small and medium, self-e

Three pay deposits to contest presidential poll

Views - 517 Friday, 20 September 2019 00:30

Two former MPs and an environmentalist became the first three presidential aspirants to pay their deposits to the Election Commission yesterday.

MAS wins Export Conglomerate of the Year

Views - 594 Friday, 20 September 2019 00:25

MAS Holdings was awarded the Export Conglomerate of the Year award, while Brandix Apparel Ltd. won the Exporter of the Year award at the 23rd Presidential Export Award ceremony held yesterday under the patronage of President Maithripala Sirisena. The

Brandix awarded ‘Exporter of the Year’ at Presidential Export Awards

Views - 406 Friday, 20 September 2019 00:20

Leaders in apparel exports, Brandix, with a global base of 60,000 associates, were bestowed with the accolade ‘Exporter of the Year’ by President Maithripala Sirisena at last evening’s prestigious Presidential Export Awards 2018/2019. The award

Fresh global TV advertising campaign to boost Sri Lanka tourism goes live from today on CNN

Views - 924 Friday, 20 September 2019 00:15

Sri Lanka Tourism Promotion Bureau will today launche its latest global TV advertising campaign with CNN, featuring the new destination branding ‘So Sri Lanka’. Commercial spots across CNN International channels in Europe, Middle East, Africa fe

Dhammika’s Hayleys nets Innovative Exporter of the Year

Views - 524 Friday, 20 September 2019 00:10

Hayleys Group, controlled by business leader Dhammika Perera, won the important Innovative Export Product of the Year at the prestigious Presidential Export Awards 2018/19, presented yesterday. The accolade was awarded to Hayleys subsidiary Haycarb P

Leading restaurateurs unite to serve up Colombo City Restaurant Collective

Views - 1501 Friday, 20 September 2019 00:00

As the restaurant, food and beverage sector demonstrates significant growth, Colombo’s restaurant owners, realising the importance of a shared voice, launched the Colombo City Restaurant Collective (CCRC) yesterday at The Stables at the Parks Stree

Visa launches payments security roadmap for Sri Lanka

Views - 248 Friday, 20 September 2019 00:00

Visa, the global payments technology company, yesterday launched a new roadmap that sets the direction for payments security in Sri Lanka for 2020 and beyond, in association with the Payment Card Industry Association of Sri Lanka (PCIASL). Visa said

People’s Bank Bill passed in P’ment

Views - 192 Friday, 20 September 2019 00:00

The People’s Bank (Amendment) Bill, seeking House approval to allow the Bank to increase the authorised capital and to raise funds by issuing debentures, received approval subject to amendments yesterday in Parliament. Moving the Amendment Bill on

Accusation against Chinese company over Lotus Tower funds “horrendous insult to China”: MR

Views - 651 Thursday, 19 September 2019 02:02

Former President and Leader of the Opposition Mahinda Rajapaksa yesterday said the allegation against a Chinese company of having disappeared with Rs. 2 billion that was meant for the construction work of the Lotus Tower “is a horrendous insult to

CoPE to probe Lotus Tower transactions

Views - 397 Thursday, 19 September 2019 02:00

By Ashwin Hemmathagama – Our Lobby Correspondent The Committee on Public Enterprises (CoPE) yesterday decided to launch a full-scale investigation on Lotus Tower based on the revelations made by President Maithripala Sirisena recently at the inaugu

German brands positive on SL economic outlook 

Views - 585 Thursday, 19 September 2019 01:58

By Charumini de Silva Nearly 150 German brands were represented at the sixth edition of the ‘Top German Brands in Sri Lanka’ organised by the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) with the support of the Embassy

Presidential poll on 16 Nov., nominations on 7 Oct.

Views - 306 Thursday, 19 September 2019 01:56

The Presidential Election will be held on 16 November, the Election Commission announced yesterday. Nomination of candidates for the Election of the President will be on 7 October between 9 to 11 a.m. while deposits to contest the election will be ac

Cisco partners Cyber Security Summit for seventh consecutive year

Views - 216 Thursday, 19 September 2019 01:56

For the seventh consecutive year, Cisco – worldwide leader in IT – has signed up as the Principal Partner for Sri Lanka’s premier annual Cyber Security Summit 2019 edition. The summit consists of three key events: Cyber Security Day Conference

UNP nominee to be made public next week

Views - 230 Thursday, 19 September 2019 01:55

Prime Minister and UNP Leader Ranil Wickremesinghe has informed that the presidential candidate of the UNP will be decided during next week, General Secretary Akila Viraj Kariyawasam said last night. The UNP is in disarray over the choice of its pres

Resus Energy adds 3.1 MW to national grid with two new projects costing Rs. 680 m

Views - 137 Thursday, 19 September 2019 01:25

Established in 2003, Resus Energy PLC, one of Sri Lanka’s biggest players in the renewable energy industry has taken giant leaps with its investments and development of many projects across the island. While actively supporting the national effor

Manufacturing grows faster in Aug. but services see slower pace

Views - 60 Thursday, 19 September 2019 01:24

Manufacturing activities continued to expand at a higher rate in August 2019, recording an index value of 56.6 which is an increase of 0.9 index points, compared to July 2019 the Purchasing Managers Index (PMI) released by the Central Bank said yeste

Sajith doubles down on presidential candidacy

Views - 2148 Wednesday, 18 September 2019 00:35

United National Party (UNP) Deputy Leader and Housing Minister Sajith Premadasa yesterday doubled down on being his party’s presidential candidate, calling for the Working Committee and the Parliamentary Group to meet promptly to take a decision.

Live auction for SriLankan Airlines’ Business Class upgrades

Views - 671 Wednesday, 18 September 2019 00:26

SriLankan Airlines introduced live auction for Business Class seat upgrades from yesterday, aimed at providing more convenient options for its passengers to enjoy premium comforts by the National Carrier which is a member of the oneworld alliance. Th

Top firms win CMA Excellence in Integrated Reporting Awards

Views - 229 Wednesday, 18 September 2019 00:20

A host of top companies last week bagged CMA Excellence in Integrated Reporting Awards. Overall winners were Diesel and Motor Engineering PLC and John Keells Holdings PLC. The First Runner-up Award was won by LB Finance PLC and the Second Runner-Up t

Akila denies rift within UNP

Views - 335 Wednesday, 18 September 2019 00:15

United National Party (UNP) General Sectary and Education Minister Akila Viraj Kariyawasam yesterday denied a rift existed within the party and charged that attempts were afoot to create a false impression of discord within the UNP.

Global, local experts to share new insights at Cyber Security Summit next week

Views - 286 Wednesday, 18 September 2019 00:10

The Daily FT-CICRA 7th annual Cyber Security Summit 2019 next week will shed key insights from international, regional and local experts on current and future challenges, offering private and public sector organisations an excellent opportunity to pu

Banking sector to face further increase in NPLs: NDB

Views - 425 Wednesday, 18 September 2019 00:00

NDB Bank Plc yesterday said that the banking sector would face further increases in Non-Performing Loans (NPLs) this year as the macro-economic environment remained difficult. “Indications in the banking sector show that NPLs are still growing as a

Today's Columnists

State of the economy of Sri Lanka

Saturday, 21 September 2019

I am not an economist nor do I profess to be an economic analyst. The views expressed in this presentation are those of a layman who has always been interested in the economic progress of Sri Lanka.

Premadasa, Père et Fils

Saturday, 21 September 2019

We are what time, circumstances and history has made of us. We are trapped in history. At age 77, I refuse to trap history in my mind. This essay is an obligation to history. Although J.R. Jayewardene introduced ‘Executive Presidentialism’, coer

Economy, business community and the Prime Minister

Friday, 20 September 2019

The speech made by Prime Minister Ranil Wickremesinghe as the Chief Guest of the Sri Lanka Economic Summit 2019 deserves very careful consideration by the country due to several reasons. This will no doubt be his last speech on economic policy to be

Sri Lanka needs to invest more on soft infrastructure

Friday, 20 September 2019

Developing countries like Sri Lanka will have to prepare for further downside risks in 2020 with the growing debt problems and the growth problems in Europe and the slowdown in Asia. Slower growth is already visible in weakening global trade and comm

Columnists More