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Eran says budgets alone cannot change country’s destiny

Views - 276 Saturday, 18 November 2017 02:00

State Finance Minister Eran Wickramaratne this week said that budgets alone could not change the destiny of a country, insisting that there were many hard and soft factors involved in changing the ecosystem of an economy

President and PM still tight?

Views - 424 Saturday, 18 November 2017 01:54

The vote on the President’s Office came up for debate in Parliament yesterday as part of the third reading of Budget 2018. President Maithripala Sirisena who attended the session is seen in conversation with Prime Minister Ranil Wickremesinghe, rei

JVP ready to “join with the devil” to defeat election delays

Views - 122 Saturday, 18 November 2017 01:53

The JVP in Parliament yesterday declared that it was ready to join hands with its enemies to end the Government’s moves to further delay elections.

Turmoil in Galle

Views - 2287 Saturday, 18 November 2017 01:53

Several buildings have been set on fire and damaged in the Gintota area in Galle yesterday, following a commotion among the communities living in the area.

EU GSP delivers big plus for Lankan apparels - Rishad

Views - 115 Saturday, 18 November 2017 01:51

The European Union’s GSP Plus trade facility has delivered its most prominent success for Sri Lankan exports to-date since its announcement, Minister of Industry and Commerce Rishad Bathiudeen said.

Rupee ends weaker on late importer dollar demand

Views - 73 Saturday, 18 November 2017 01:50

Reuters : The rupee closed weaker yesterday due to a surge in importer demand for the U.S. currency amid seasonal imports ahead of the year-end festive season and on dollar buying from a foreign bank, dealers said.

Private sector is performing well: Survey

Views - 145 Saturday, 18 November 2017 01:50

The latest monthly poll conducted by research firm Kantar TNS, for business magazine LMD, reveals that a notable majority (78%) of the people believe Sri Lanka’s private sector is performing well.

Stock market gains for second session on John Keells

Views - 144 Saturday, 18 November 2017 00:50

Reuters: Shares rose half a per cent on Friday, climbing for a second straight session, buoyed by gains in market heavyweight John Keells Holdings on bargain hunting.

PM to appear before panel investigating bond auction on Monday

Views - 142 Friday, 17 November 2017 00:08

Reuters - Sri Lankan Prime Minister Ranil Wickremesinghe will appear before a panel investigating alleged irregularities in government bond sales, the panel’s chairman said on Thursday. Appointed by President Maithripala Sirisena after demands from

Crescendo of calls!

Views - 1753 Friday, 17 November 2017 00:00

Testifying before the Presidential Commission of Inquiry on the controversial bond issuance yesterday, a CID official said that former Director of Perpetual Treasuries Ltd. (PTL) Arjun Aloysius had telephoned several members of the second Committee o

Shangri-La Hotel, Colombo ushers in new era of tourism for Sri Lanka

Views - 786 Friday, 17 November 2017 00:00

Shangri-La Hotels and Resorts celebrated the opening of Shangri-La Hotel, Colombo yesterday with an inauguration ceremony that signalled the city’s most highly-anticipated hotel launch in nearly 30 years.

MR calls on masses to topple Govt.

Views - 508 Friday, 17 November 2017 00:00

MP and former President Mahinda Rajapaksa yesterday in Parliament called on the masses to give their fullest support to “send the incumbent government home”.

CSE trading from Disaster Recovery site today

Views - 224 Friday, 17 November 2017 00:00

The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using ATS Version 7 Disaster Recovery Solution today, 17 November.

Relief for pre-Budget vehicle importers

Views - 605 Friday, 17 November 2017 00:00

Minister of Finance and Mass Media Mangala Samaraweera, while further relaxing the policies announced in Budget 2018 on the importation of vehicles, has also revised the policy on the Loan to Value (LTV) ratio on the

Second reading of Budget 2018 passed with two-thirds majority

Views - 78 Friday, 17 November 2017 00:00

The Second Reading of the Budget 2018 was successfully passed in Parliament yesterday with 151 voting in favour while 58 voted against it.

Ravi K opens up on CBSL and CID

Views - 848 Thursday, 16 November 2017 10:26

By Ashwin Hemmathagama – Our Lobby Correspondent Former Minister of Finance Ravi Karunanayake charged that the Central Bank of Sri Lanka’s conduct ridiculed the Government and prevented the country from moving forward. Joining the Second Reading

Govt. fast-tracks H’tota Port payments

Views - 829 Thursday, 16 November 2017 01:30

Seeking to fast-track payment from the $ 1.12 billion handover of the Hambantota Port, Cabinet has approved amending the Concession Agreement (CA) to revise the payment schedule between the Government and the Chinese investor and bring it forward, co

Softlogic suffers loss in 2Q; 1H net profit down 99%

Views - 929 Thursday, 16 November 2017 01:20

Diversified Softlogic Holdings Plc has suffered a net loss in the second quarter whilst first half net profit had dipped by 99% though the group’s results from operating activities have seen strong positive growth.

Liberalising shipping agencies first step to transform Colombo into maritime hub: Advocata

Views - 591 Thursday, 16 November 2017 01:20

Last week’s Budget contained important proposals around the liberalisation of the shipping sector. The port played a significant role in the development of maritime hubs such as Singapore, helping the country become a first world economy in a gener

Poultry producers welcome maize import liberalisation

Views - 361 Thursday, 16 November 2017 01:19

The recent Budget proposal to allow feed millers to import maize under a special limited quota to meet the shortfall in the local supply was hailed by poultry producers as a strongly positive measure that will support greater efficiency within the do

Fuel crisis: report places blame on CPC officials

Views - 687 Thursday, 16 November 2017 01:17

Ceylon Petroleum Corporation (CPC) officials of the were at fault for the recent fuel crisis faced by the country, the report of the Cabinet Subcommittee appointed by the President to investigate the issue, has found.

Hapag-Lloyd supports liberalisation of Lanka’s shipping and logistics sectors

Views - 99 Thursday, 16 November 2017 00:18

Hapag-Lloyd India has expressed support for the Government’s move to liberalise the country’s shipping and logistics industry.

SLFFA to conduct freight forwarder survey on foreign ownership Budget proposal

Views - 76 Thursday, 16 November 2017 00:18

The Sri Lanka Logistics SLFFA Chairman Jagath Pathirane stated: “We believe that this Budget proposal has triggered uncertainty and discomfort in the freight forwarding industry of this country and in turn for the exporters and importers of this co

Fitch says beer makers to regain market share with tax changes

Views - 89 Thursday, 16 November 2017 00:00

Fitch Ratings said yesterday that Sri Lanka’s beer industry would regain market share from hard liquor following a more favourable tax regime for the segment announced in the Government’s Budget on 9 November.

Ports Minister slams liberalisation move

Views - 1531 Wednesday, 15 November 2017 00:37

Setting the stage for a showdown between top ministers, Ports and Shipping Minister Mahinda Samarasinghe yesterday said he would oppose the proposed liberalisation of Sri Lanka’s shipping sector and faulted his

Sectoral drivers of CSE’s Jan-Oct. growth

Views - 227 Wednesday, 15 November 2017 00:35

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) has gone up by 6.25% from 1 January to 31 October 2017 from 6,228.2 points to 6,617.3 points.

HNB Group ups 9-month pre-tax profit by 4% to Rs. 16.8 b

Views - 321 Wednesday, 15 November 2017 00:35

Hatton National Bank Plc (HNB) continued its growth momentum to post a Group Profit before VAT and NBT of Rs. 20.7 billion while PBT

Budget keeps to IMF plan but fiscals still weak: Fitch

Views - 169 Wednesday, 15 November 2017 00:31

Fitch Ratings said yesterday Sri Lanka’s Budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year IMF program, which began in June 2016, but high government debt and the large cost of debt servicing weigh heav

Expert calls for access to data on implications of Budget proposals

Views - 473 Wednesday, 15 November 2017 00:31

A top economist yesterday called for free access to accurate data to properly asses the implications of 2018 Budget proposals.

Industrial production index up 6% in Sept.

Views - 69 Wednesday, 15 November 2017 00:30

According to the monthly Index of Industrial Production (IIP) released by the Census and Statistics Department, the volume of industrial production in Sri Lanka has increased by 6% in September 2017 compared to the same

Today's Columnists

Is Iran a threat to global peace?

Saturday, 18 November 2017

The aim of this article is to explore Iran’s nuclear program and its consequences throughout the world. Iran one of the nuclear power countries in the Middle East, which has brought very grave concern to the US.

Maldives forcefully voices plight of small island states at climate change conference

Saturday, 18 November 2017

The plight of small island states was forcefully voiced by Maldivian Minister for Environment and Energy Thoriq Ibrahim at the 23rd Conference of Parties to the UN Convention on Climate Change (COP23) being held in Bonn, Germany.

The Blue Green Budget of the Unity Government

Friday, 17 November 2017

The Budget proposals of the Unity Government under the theme ‘Blue Green Budget’ for the fiscal year 2018 are expected to support the achievement of medium-term targets such as Per Capita Income of $ 5,000

Starship budgets and the “Bicycle Brigade”

Friday, 17 November 2017

One has only to read the wide and varied responses to Budget 2018 (B18) to realise how fissured our society is.

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