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Bond Commission report released to public

Views - 18 Wednesday, 17 January 2018 17:41

The report of the Presidential Commission of Inquiry into the Central Bank bond scam has been released to the public. Click here to view the report.

Bond report to Parliament today

Views - 451 Wednesday, 17 January 2018 00:10

The report of the Presidential Commission of Inquiry into the Central Bank bond scam will only be tabled in Parliament on 23 January

China offers best chance for SL development: CB

Views - 751 Wednesday, 17 January 2018 00:05

Stronger economic relations with China, underpinned by a pending Free Trade Agreement (FTA), should be given the highest priority

CB to hold forensic audit in bond sales

Views - 61 Wednesday, 17 January 2018 00:01

The Central Bank yesterday said it would be premature to make any statement regarding the bond sales of 2008-2014 until a forensic audit commissioned by the monetary authority was completed.

Central Bank expects manufacturing to pick up in 1Q

Views - 57 Wednesday, 17 January 2018 00:00

The Manufacturing Sector PMI recorded 59.1 in December, which is a marginal increase of 0.3 index points compared to November 2017,

The art of sanctimonious humbugging

Views - 102 Wednesday, 17 January 2018 00:00

Politicians of all hues have mastered the art of ‘humbugging’ and the people of this country are certainly not short of such personalities

2017 tea crop rises for first time in four years

Views - 296 Wednesday, 17 January 2018 00:00

Tea production in 2017 was at 307 Mnkg, up only 5% when compared with the previous year’s drought-affected figure of 292 Mnkg, brokers said yesterday but recovering marginally from the seven year low hit in 2016.

Govt. to ink JV with Rojana Industrial Park in Feb.

Views - 619 Wednesday, 17 January 2018 00:00

The Government will sign the joint venture agreement with Thai-based Rojana Industrial Park Public Ltd, which will attract about 200 factories

Sri Lankans spent more on food and apparel this holiday season

Views - 460 Wednesday, 17 January 2018 00:00

Visa, the world’s leader in digital payments, yesterday released spend data for the month of December 2017, indicating

After SC rules five years, President still under fire for asking the question

Views - 2376 Tuesday, 16 January 2018 01:00

President Maithripala Sirisena has continued to be at the receiving end of strong criticism, even after the Supreme Court put an end to speculation about the duration of his term on Sunday (14).

928 kgs of seized cocaine destroyed

Views - 278 Tuesday, 16 January 2018 00:29

A stock of 928 kilograms of cocaine, which were seized during raids by the Police Narcotics Bureau (PNB) was publicly destroyed at the premises of the Katunayake Export Processing Zone yesterday under the supervision of President Maithripala Sirisena

Govt’s digital society drive gets big boost from India

Views - 404 Tuesday, 16 January 2018 00:29

The Government’s efforts to build a digital society got a big boost yesterday from IT-savvy India with the two countries launching multiple initiatives aimed at enhancing egovernance and academic research via greater collaboration. The landmark de

Young Chinese billionaire invests in SupremeSAT

Views - 2112 Tuesday, 16 January 2018 00:28

Cai Xiaoru, Forbes listed young billionaire of mainland China, has signed the partnership agreement and committed to invest $ 30 million into SriLankan satellite company SupremeSAT through his Shenzhen listed company Tatwah Smartech. The agreement si

Tourism industry slams Govt. for inconsistent policymaking

Views - 760 Tuesday, 16 January 2018 00:27

By Charumini de Silva The tourism industry yesterday slammed the Government for its inconsistent policymaking and expressed confusion over the uncertainty on the opening hours of liquor shops. On 11 January, the Department of Fiscal Policy of the Mi

Entrepreneur’s key to success: Risk taking, embracing innovation and an evolving mindset

Views - 57 Tuesday, 16 January 2018 00:00

Kulathunga Rajapakse is no stranger to Sri Lanka’s industry and entrepreneur circles. As Managing Director of the DSI Samson Group, the country’s premier business conglomerate and leading manufacturer of footwear and bicycle tyres in Sri Lanka, h

Boosting SMEs’ role in exports “vital”: Eran

Views - 90 Tuesday, 16 January 2018 00:00

Sri Lanka’s plans to increase the contribution made by smaller-scale businesses to exports and lift Foreign Direct Investment (FDI) in 2018 were both topics of conversation at a meeting held recently between State Minister of Finance Eran Wickramar

Minister Samarawickrama meets WEF ahead of Davos Summit

Views - 41 Tuesday, 16 January 2018 00:00

Development Strategies and International Trade Malik Samarawickrama during a two-day visit to Geneva recently met withWorld Economic Forum (WEF) President Børge Brendeand senior officials engaged in areas relating to Sri Lanka. The visit took place

SriLankan Airlines to get a new Board and chairman

Views - 376 Tuesday, 16 January 2018 00:00

The much-hyped resignation of the Board of Directors of SriLankan Airlines will finally take place, according to high-ranking Government sources.

PM meets Sovereign Wealth Funds attending Investment Forum

Views - 538 Monday, 15 January 2018 00:20

The Ministry of Development Strategies and International Trade organised a two-day roundtable investment forum on Sri Lanka with Sovereign Wealth Funds (SWFs) in Colombo under the patronage of Prime Minister Ranil Wickremesinghe.

President to appoint commission to probe Mihin Lanka, SriLankan Airlines this week

Views - 352 Monday, 15 January 2018 00:16

President Maithripala Sirisena on Saturday said he would appoint a commission this week to probe the alleged fraud and corruption that had taken place at Sri Lanka’s national carrier SriLankan Airlines and the now nonoperational budget carrier Mihi

IMF to assist in revising monetary laws: Harsha

Views - 271 Monday, 15 January 2018 00:13

The International Monetary Fund has agreed to assist the Sri Lankan Government in amending and formulating monetary law for the country, Deputy Minister of Policy Planning and Economic Development, Dr. Harsha De Silva, revealed yesterday.

Record December boosts 2017 tourism arrivals to 2.1 m

Views - 519 Monday, 15 January 2018 00:12

Reuters: Tourist arrivals in Sri Lanka hit a record high in 2017, with the number of foreign visitors in December rising 8.8% year-on-year to an all-time monthly peak of 244,536.

CMPort pays second tranche of $ 97.3 m in Hambantota Port investment

Views - 224 Monday, 15 January 2018 00:09

China Merchant Port Holdings (CMPort) has made the payment of $ 97.365 million to the Sri Lanka Ports Authority (SLPA) as the second tranche of its investment in the Public-Private Partnership (PPP).

IMF outlines way forward

Views - 391 Monday, 15 January 2018 00:00

Strengthening revenue and public debt management will be the dual challenges before Sri Lanka in 2018, the International Monetary Fund (IMF) has said in its latest evaluation with the implementation of the new Inland Revenue Act in April having a key

President wants easy liquor Gazettes withdrawn

Views - 133 Monday, 15 January 2018 00:00

President Maithripala Sirisena on Saturday said he would appoint a commission this week to probe the alleged fraud and corruption that had taken place at Sri Lanka’s national carrier SriLankan Airlines and the now nonoperational budget carrier Mihi

President opens Pakistan Single Country Exhibition 2018

Views - 89 Saturday, 13 January 2018 00:25

With the aim of strengthening Sri Lanka-Pakistan trade relations, the third edition of the ‘Pakistan Single Country Exhibition’ was declared open yesterday under the patronage of President Maithripala Sirisena and visiting Pakistan Minister of Co

President keen to extend southern railway to H’tota upon completion of Matara-Beliatta extension

Views - 309 Saturday, 13 January 2018 00:25

President Maithripala Siririsena is keen on extending the southern railway line up to Hambantota once phase one of the extension project from Matara to Beliatta is completed, according to State Minister for Public Enterprise Development Lakshman Yapa

TISL wants Bond Report made public; address key issues

Views - 85 Saturday, 13 January 2018 00:25

Transparency International Sri Lanka (TISL), whilst encouraged by President Maithripala Sirisena’s expressed commitment to implement the recommendations contained in the report of the Commission of Inquiry (CoI) on the Issuance of Treasury Bonds, h

President pledges to bow to SC ruling

Views - 334 Saturday, 13 January 2018 00:25

President Maithripala Sirisena yesterday declared he would agree with the Supreme Court pronouncement, insisting that he was ready to step down at any given point. “No one should get excited over my decision to seek the Supreme Court’s determinat

Speaker to decide on disciplinary action against brawling MPs

Views - 45 Saturday, 13 January 2018 00:24

Speaker Karu Jayasuriya will decide what measures to take regarding the grave misconduct of lawmakers in Parliament last Wednesday when a massive brawl erupted in the Chambers. The Speaker is to take this decision at the next Parliament sittings sche

Today's Columnists

We can’t let the oddities and lapses of this Government distract our goal of Yahapalanaya

Wednesday, 17 January 2018

Yes, lots of funny things are happening on the Government side, giving opponents of freedom and good governance

Marketing and war are similar; who will win on 10 February?

Wednesday, 17 January 2018

If we watch any media channel today, the focus is on the 10 February elections in Sri Lanka. For the first time we see how

Pitfalls in 5Ss and how to avoid them

Wednesday, 17 January 2018

After many years of experience in the manufacturing industries and successful implementation of lean practices in sixty companies

Walking an adaptable path to your cloud vision

Tuesday, 16 January 2018

While most companies have a vision of their cloud future – where everything in IT is simple, flexible, elastic making it easy to innovate, be swift to market and delight customers– fewhave a clear view of how to get there.This isbecause they are

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