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VIASL calls on Govt. to abolish monopoly for vehicle tenders

Views - 121 Monday, 23 July 2018 00:45

The Vehicle Importers Association of Sri Lanka (VIASL) recently called on the authorities to remove the current monopoly enjoyed by franchise dealers in bidding for Government tenders, while issuing a clarion call urging the authorities to consider a

China’s Xi offers fresh $ 295 m grant to Sri Lanka

Views - 141 Monday, 23 July 2018 00:43

Reuters: Chinese President Xi Jinping has offered Sri Lanka a fresh grant of CNY 2 billion ($ 295 million) as Beijing tries to expand its influence in the country.

Port of Colombo transshipment volumes increase by 19.8 %

Views - 85 Monday, 23 July 2018 00:40

Establishing a record in transshipment operations, the Port of Colombo has witnessed the highest growth of 19.8% in transshipment container throughput for the first half in 2018 as against the corresponding period in 2017. During the first half of 20

AIA goes for voluntary delisting from CSE

Views - 91 Monday, 23 July 2018 00:34

AIA Insurance Lanka Plc has announced its intention to delist from the Colombo Stock Exchange (CSE) subject to obtaining requisite approvals.

Trump slams EU over $ 5 b fine on Google

Views - 403 Saturday, 21 July 2018 00:14

WASHINGTON (Reuters): US President Donald Trump on Thursday criticised the European Union over a record $ 5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States.

SLFP 16 group join Ekabadda Podu Jana Peramuna

Views - 234 Saturday, 21 July 2018 00:13

The breakaway group of 16 lawmakers of the Sri Lanka Freedom Party has decided to join hands with former President Mahinda Rajapaksa, who is expected to form a new political party, the Ekabadda Podu Jana Peramuna.

Rupee firms as remittances boost dollar inflows

Views - 8 Saturday, 21 July 2018 00:10

Reuters: The rupee ended slightly firmer yesterday as remittances boosted dollar inflows, helping offset the importer dollar demand, traders said. The rupee traded at 160.07 early in the session and closed at 159.90/160.05 per dollar, compared with T

P’ment passes Bribery Amendment Bill enabling cases to be heard in High Courts

Views - 10 Saturday, 21 July 2018 00:10

Parliament yesterday voted in favour of the Bribery (Amendment) Bill allowing fraud or corruption cases to be heard in the High Courts. Opening the Second Reading debate on the Bribery (Amendment) Bill, UNP MP Dr. Jayampathy Wickramaratne told Parlia

CSE hit 3-week high, mark second weekly gain in nine

Views - 141 Saturday, 21 July 2018 00:10

Reuters: Sri Lankan shares rose yesterday to their highest close in three weeks and marked their second weekly gain in nine. The Colombo stock index end

PC Elections could be held on 19 January 2019: Party leaders

Views - 60 Saturday, 21 July 2018 00:10

The Party Leaders decided yesterday that the Provincial Council could be held on 5 January 2019 if the Parliament could reach an agreement on what electoral process to follow, and other issues, before October end.

Heroin killed British rugby players in Sri Lanka: Court

Views - 330 Saturday, 21 July 2018 00:10

AFP: Two English amateur rugby players had taken heroin just before their deaths while in Sri Lanka, a court was told yesterday as it ordered the arrest of those responsible for selling the narcotics.

Preconditions set on Mattala JV with India: Government

Views - 224 Saturday, 21 July 2018 00:10

The Government yesterday said it had set preconditions focused on protecting national security with the Airports Authority of India ahead of considering a proposed business plan for a possible joint venture between the two countries to resurrect the

Govt. debt write-off only for North and North Central provinces: Eran

Views - 297 Saturday, 21 July 2018 00:10

The relief package by the Government for families caught in the microfinance debt trap will initially only be effective in the North and North Central provinces, State Finance Minister Eran Wickramaratne told Daily FT.

Power Ministry grants special permission to pay ACE Embilipitiya sans PUCSL approval

Views - 345 Saturday, 21 July 2018 00:10

The controversy over power purchases from ACE Embilipitiya deepened this week, with the Power and Renewable Energy Ministry granting special approval to the Ceylon Electricity Board (CEB) to ma

Govt. Official nabbed by Bribery Commission

Views - 7 Saturday, 21 July 2018 00:00

Officials of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) yesterday arrested the Controller of the Department of Import and Export Control M. G. Gamini while in the act of accepting a bribe of Rs. 200,000.

Thoughts on the death penalty for hardened criminals

Views - 90 Friday, 20 July 2018 00:00

Those who argue that implementing the death penalty for serious crimes would act as a deterrent against others who might

Marriott Hotels celebrates one year of success in Sri Lanka

Views - 307 Friday, 20 July 2018 00:00

Weligama Bay Marriott Resort and Spa, an iconic brand of Marriott International, proudly celebrates its first anniversary

Villa-based residential country club Catalina Koggala gathers momentum

Views - 382 Friday, 20 July 2018 00:00

Villa-based residential country club, Catalina Koggala recently held a discussion to create awareness among local business

Govt. launches landmark five-year National Export Strategy

Views - 1130 Friday, 20 July 2018 00:00

Opening a new chapter to link local exports to global value chains, Prime Minister Ranil Wickremesinghe yesterday launched

Exports must be everyone’s business: Malik

Views - 240 Friday, 20 July 2018 00:00

For Sri Lanka’s exports to reach ultimate success they have to become the business of all stakeholders, Development

First-ever Port of Colombo Awards Night on Monday

Views - 228 Friday, 20 July 2018 00:00

Sri Lanka Ports Authority (SLPA), in collaboration with the Jaya Container Terminal (JCT), South Asia Gateway Terminals

Agreements Rajapaksa Govt. entered into tantamount to treason: Kabir

Views - 278 Friday, 20 July 2018 00:00

The Government yesterday charged that the Rajapaksa Government had entered into treasonous agreements with Chinese

SL lost economic independence due to corrupt development projects: JVP

Views - 685 Friday, 20 July 2018 00:00

The JVP in Parliament yesterday said that the country had no economic independence as a direct result of the unfeasible

New alternative dispute resolution centre debuts

Views - 304 Friday, 20 July 2018 00:00

The Ceylon Chamber of Commerce (CCC), in partnership with the Institute for the Development of Commercial Law and Practice

CPC loses Rs. 5.4 b from kerosene sales

Views - 325 Thursday, 19 July 2018 00:28

The Ceylon Petroleum Corporation (CPC) incurred a loss of Rs. 5.4 billion from the sale of kerosene oil in 2017, the Government told Parliament yesterday, but expects sales to reduce with more low income houses being added to the power grid. Accord

No plans to remove Army camps: PM

Views - 158 Thursday, 19 July 2018 00:28

Prime Minister Ranil Wickremesinghe yesterday rejected allegations that the Government plans to reduce the number of military personnel along with removal of Army camps in strategic locations around the country, and insisted that National security re

BPPL begins first-ever polyester yarn production facility

Views - 550 Thursday, 19 July 2018 00:26

By Divya Thotawatte Signifying a breakthrough in Sri Lanka’s industry, the country’s first state-of the-art polyester yarn plant was inaugurated on Tuesday by BPPL Holdings, a top brush maker in Asia. The facility is another milestone for BPPL,

NDB secures loan up to $75 m with Commerzbank Germany

Views - 591 Thursday, 19 July 2018 00:26

National Development Bank (NDB) has successfully negotiated a loan up to $75 million, from Commerzbank Aktikengsellschaft Germany recently. Dubai-based Alpen Capital [ME] Limited was the lead arranger to this loan facility. The proceeds of this loan

PM to launch 5-year National Export Strategy today

Views - 605 Thursday, 19 July 2018 00:25

By Charumini de Silva The much-awaited five-year National Export Strategy (NES) that lays emphasis on diversification of exports through strengthening of emerging sectors to chart the next export growth cycle of Sri Lanka will be unveiled under the p

SLAMERP hails judgment on OTR tyre tax withdrawal in the US

Views - 400 Thursday, 19 July 2018 00:25

The Sri Lanka Association of Manufacturers and Exporters of Rubber products (SLAMERP) hailed the win over the first-ever revocation of countervailing duty imposed in the United States for a Lankan export, under a case filed by the Department of Comme

Today's Columnists

Why not Dinesh Gunawardena?

Monday, 23 July 2018

Sri Lanka won the cricket World Cup once, but never again. We started down the slippery slope almost the morning after we had reached the zenith of achievement.

Economics to prevail over politics: The awakening long overdue

Monday, 23 July 2018

It was interesting to read W.A. Wijewardena’s article titled ‘Crisis-ridden Sri Lanka economy: Time for economics to prevail over politics’.

Open University Convocation Address 2018 Graduates have responsibility to impart digital knowledge t

Monday, 23 July 2018

Let me congratulate all those who receive their degrees today at this General Convocation on the achievements they have made.

Bright star Imran Khan could well go the way of his predecessors

Saturday, 21 July 2018

Imran Khan, the Pakistani cricket star, anti-corruption crusader and politician, appears to be within reach of his cherished goal of winning the 25 July Pakistan National Assembly (NA) elections and becoming Prime Minister.

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