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Sri Lanka, Japan eye development cooperation in variety of sectors

Views - 99 Saturday, 14 December 2019 00:05

Sri Lanka and Japan reaffirm their commitment to further strengthen bilateral cooperation in vital sectors of economic development and identify key areas of such cooperation. Information and communication technology (ICT), harbour infrastructure –

Britain speeds towards Brexit as Johnson wins large majority in election

Views - 67 Saturday, 14 December 2019 00:04

LONDON (Reuters): Prime Minister Boris Johnson won a resounding election victory on Friday that will allow him to end three years of political paralysis and take Britain out of the European Union by 31 January. Brexit represents the country’s bigge

SL must tackle any terror threat responsibly: PM

Views - 45 Saturday, 14 December 2019 00:04

Prime Minister Mahinda Rajapaksa yesterday stated that Sri Lanka has a responsibility to tackle the fallout from the Easter Sunday attacks responsibly or risk it affecting the stability of the South Asian region. Addressing the graduation ceremony of

Japan’s support for SL’s prosperity: Motegi

Views - 39 Saturday, 14 December 2019 00:04

Japanese Foreign Minister Toshimitsu Motegi yesterday assured the support of his country to deepen diplomatic relations between the two countries. Japan’s... Motegi called on Foreign Minister Dinesh Gunawardena at the Foreign Ministry in Colombo. R

UNP MPs call for working committee meeting next week

Views - 50 Saturday, 14 December 2019 00:03

A group of 26 United National Party (UNP) parliamentarians has signed a letter calling on Party Leader Ranil Wickremesinghe to convene a meeting of the UNP Working Committee. The move comes days after a special six-member committee appointed to deci

‘Bad news for Europe’: EU reluctantly congratulates Johnson

Views - 1 Saturday, 14 December 2019 00:00

BRUSSELS (Reuters): EU leaders welcomed Boris Johnson’s election triumph and called for a quick Brexit vote in the Britsh parliament, but the Czech prime minister warned it was ‘bad news for Europe’.

Full tourism recovery predicted by winter season end

Views - 1 Saturday, 14 December 2019 00:00

Sri Lanka’s tourist arrivals are expected to fully recover by the end of this winter season post-Easter Sunday setback, though earnings are lagging, a top official said this week. “From the Easte

New Indian citizenship law ’discriminatory’: UN

Views - 4 Saturday, 14 December 2019 00:00

GENEVA (Reuters): The United Nations Human Rights Office voiced concern on Friday that India’s new citizenship law is “fundamentally discriminatory in nature” and called for it to be reviewed. The new law does not extend the same protection to

Bourse ends week on negative note

Views - 55 Saturday, 14 December 2019 00:00

The Colombo stock market ended the week on a negative note, shedding 1%. First Capital said Bourse concluded the day in red, predominantly dragged down by the price losses in NIFL and DIAL, negating the positive sentiment witnessed yesterday. The be

Cabinet approves funds to minimise human -elephant conflict

Views - 46 Saturday, 14 December 2019 00:00

The Cabinet of Ministers has approved the proposal to repair and maintain prevailing electric fences as a move to minimise human-elephant conflicts. The proposal was made by the Environment and Wildlife Resources Minister S.M Chandrasena to prevent e

Less than 2% of farmers have formal training: Survey

Views - 20 Saturday, 14 December 2019 00:00

Only as little as 1.7% of the agricultural household population has received formal training to conduct agricultural activities, a survey by the Census and Statistics Department has found, which could significantly challenge efforts by policymakers t

MCC agreement to be studied

Views - 356 Friday, 13 December 2019 00:30

The agreement with the Millennium Challenge Corporation (MCC) for a $480 million grant will be studied by a Committee and a report submitted to Cabinet, a top official said yesterday. President Gotabaya Rajapaksa has appointed a Committee to stud

International Tea Day with Emirates and Dilmah

Views - 537 Friday, 13 December 2019 00:28

A Masterclass in the appreciation of Ceylon Tea took place at 40,000 feet when Emirates and Dilmah celebrated a 27-year partnership on board an Emirates A380 flight from Dubai to London this week. Held at the iconic A380 On-board Lounge by Dilmah Tea

CB predicts better economic prospects for 2020

Views - 732 Friday, 13 December 2019 00:20

The Central Bank this week hinted at better prospects for the economy next year, a forecast which was also backed by the private sector. Delivering the keynote address at the Asia Securities 3rd Annual Sri Lanka Investment Conference titled ‘2020:

S’pore to update on Mahendran’s extradition in a fortnight

Views - 164 Friday, 13 December 2019 00:15

The Singaporean authorities are expected to inform their Sri Lankan counterparts in two weeks on the extradition of former Central Bank Governor Arjuna Mahendran, which was requested by Sri Lanka earlier this year.

Daya Ratnayake appointed SLPA Chairman

Views - 813 Friday, 13 December 2019 00:12

Former Army Commander Daya Ratnayake has been appointed as the Chairman of the Sri Lanka Ports Authority (SLPA). He was the 20th commander of the Sri Lanka Army.

Shares snap six-day losing streak, rupee ends firmer

Views - 112 Friday, 13 December 2019 00:00

REUTERS: Shares gained for the first time in seven sessions on Thursday, helped by large-cap LOLC Holdings PLC, while the rupee ended higher. The benchmark stock index closed up 0.65% at 6,099.66, recovering from a near four-week closing low in the p

Cabinet appoints Sub-Committee on Cost of Living

Views - 100 Friday, 13 December 2019 00:00

The Cabinet of Ministers this week approved the appointment of a Cabinet Sub-Committee on Cost of Living, to be chaired by President Gotabaya Rajapaksa. The Cabinet proposal was presented by President Gotabaya Rajapaksa. The Cabinet Sub-Committee wi

Survey shows 81% claim SOEs’ services do not justify losses: Advocata

Views - 427 Friday, 13 December 2019 00:00

The door-to-door public opinion poll conducted earlier this year covering 855 respondents in eight provinces of Sri Lanka reveals that an overwhelming majority of Sri Lankans believe that the losses sustained by State-Owned Enterp

Kudos for Daily FT reporting

Views - 208 Thursday, 12 December 2019 03:25

The Daily FT on Tuesday won the Certificate of Merit Award for reporting under special circumstances at the 20th Annual Journalism Awards for Excellence 2018 ceremony at the Mount Lavinia Hotel. The Daily FT was the only English newspaper to win an a

Climate activist Greta Thunberg is Time’s Person of the Year

Views - 157 Thursday, 12 December 2019 03:23

New York/Madrid (Reuters): Greta Thunberg, the teen activist from Sweden who has urged immediate action to address a global climate crisis, was named Time Magazine’s Person of the Year for 2019 on Wednesday. Thunberg, 16, was lauded by Time for sta

GRI acquires Australia’s AXIS Tyres

Views - 610 Thursday, 12 December 2019 03:22

GRI, a leading producer of specialty tyres in Sri Lanka, has acquired industrial tyre specialist AXIS Tyres in Australia. The acquisition is focused on the forklift segment of AXIS Industrial Tyres Ltd. in Australia. It includes the four branches of

31 institutions including Police, SIS, TRC brought under Defence Ministry purview

Views - 2067 Thursday, 12 December 2019 03:22

Thirty-one State institutions including the Police Department, State Intelligence Service (SIS), Department of Immigration and Emigration, Department of Registration of Persons, National Dangerous Drugs Control Board, as well as the Telecommunication

Sri Lanka’s MinorMatters receives UNAOC-BMW Group Intercultural Innovation Award

Views - 140 Thursday, 12 December 2019 03:21

The MinorMatters: Rewind; Rebuild project of the Alliance Development Trust in Sri Lanka was selected as one of 10 global grassroots initiatives to receive the prestigious Intercultural Innovation Award from the United Nations Alliance of Civilizatio

LOLC prepares to sell its biggest overseas unit

Views - 1453 Thursday, 12 December 2019 03:21

Bloomberg: LOLC Holdings PLC, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC

Banks hand over reports on loans to Govt.

Views - 780 Thursday, 12 December 2019 03:20

Reports from private and public banks on microfinance and loans taken by the Small and Medium Enterprises (SMEs) have been handed over to the Government as the process to give relief moves a step forward. The Government called for reports from all p

No pain, no fame: Thai massage could get UNESCO status

Views - 121 Thursday, 12 December 2019 00:06

BANGKOK (AFP): At Bangkok’s Reclining Buddha temple Krairath Chantrasri says he is a proud custodian of a 2,000-year-old skill - the body-folding, sharp-elbowed techniques of Thai massage, which this week could be added to UNESCO’s prestigious he

Mrs. World Caroline Jurie returns home

Views - 1048 Wednesday, 11 December 2019 00:43

Caroline Jurie, who was crowned Mrs. World 2020, returned to Sri Lanka yesterday. Jurie, accompanied by her husband and daughter, arrived at the Bandaranaike International Airport on a Qatar Airways flight from Doha.

SL rises five positions in Human Development Index

Views - 279 Wednesday, 11 December 2019 00:41

Sri Lanka gained five positions this year on the Human Development Index (HDI) to rank 71st, breaking into the category of High Human Development.

Principal from Mathugama crowned winner of Integrity Icon 2019

Views - 376 Wednesday, 11 December 2019 00:34

P.A.C. Priyadarshani, the Principal of St. Mary’s College, Mathugama, was crowned the winner of Integrity Icon 2019 on Monday, having earned the most votes through the public SMS poll, which garnered over 20,000 votes.

Today's Columnists

Roots of the crisis

Saturday, 14 December 2019

The candidates who had genuinely contested the Presidential Election had elaborate and attractive election manifestos. But none of them had a pragmatic program to address the basic question of how to overcome the extensive crisis Sri Lanka is facing.

What price reforms now that progress rules?

Friday, 13 December 2019

It was a famous victory. A shadow of a doubt persists after an election commission member spoke up recently, after the event, about an alleged irregularity somewhere in the voting system works. But this would be churlish, buffoonish and academic to t

Assessment of fitness and propriety of directors and officers

Friday, 13 December 2019

In the early ’80s, a businessman turned financier from the hill capital started a public deposit canvassing drive by offering 20% interest per month. The depositors were offered on the spot payment of 20% as interest for the first month for their d

How to select top officials to public corporations

Friday, 13 December 2019

It is commendable that the President wants to select suitable decision-makers to public corporations without them being mere and ad hoc political appointments. However, the process thus far seems somewhat weak. Various people are complaining about th

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