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TT to be powered with generator: Ranil

Views - 433 Friday, 29 March 2019 00:00

Prime Minister Ranil Wickremesinghe yesterday called on the public sector to take measures to curb electricity consumption, saying that he will use generators to power Temple Trees till the power shortage is resolved. Wickremesinghe said this while a


Opposition defeats handful of expenditure heads

Views - 234 Friday, 29 March 2019 00:00

In an unexpected twist, Opposition lawmakers yesterday defeated part of the expenditure heads of the Ministry of Internal and Home Affairs and Provincial Councils and Local Government, and all expenditure heads pertaining to the Ministry of Megapolis


Defeat only symbolic: Kiriella

Views - 185 Friday, 29 March 2019 00:00

Says Opposition violated agreement at party leaders meeting not to hold vote at Committee Stage Responding to the vote on expenditure heads, Leader of the House Lakshman Kiriella yesterday dismissed the defeat as merely symbolic, and said a prior agr


Govt. slammed for delaying Budget-linked reports

Views - 92 Friday, 29 March 2019 00:00

Opposition lawmaker Bandula Gunawardana yesterday criticised the Government for delaying crucial reports, including the basis of expenditure and revenue targets of Budget 2019, as well as details of its policy focus, and contended the Opposition was


Govt. sticks to denial on power crisis

Views - 358 Friday, 29 March 2019 00:00

The Government yesterday staunchly denied Sri Lanka was embattled in a power crisis, insisting that power supply would return to normal in a few days, and blamed previous Governments for not adding additional power to meet growing demand. United Nati


Sri Lanka seeks divine help to end power crisis

Views - 586 Friday, 29 March 2019 00:00

AFP: Sri Lanka’s State energy provider sought divine intervention Thursday to break a crippling power shortage, dispatching envoys to the country’s north to offer holy water to a tree sacred to Buddhists. The island nation has endured widespread


Rupee extends gains; stocks rebound from 6-year low

Views - 427 Friday, 29 March 2019 00:00

REUTERS: The Sri Lankan rupee closed stronger on Thursday due to dollar inflows from inward remittances ahead of the traditional New Year celebrations, market sources said, while stocks snapped an eight-session losing streak to end higher. The curre


BOI clears Hambantota oil refinery project of money laundering allegations

Views - 674 Friday, 29 March 2019 00:00

The Board of Investment yesterday assured that flow of funds connected to the proposed oil refinery project in Hambantota are compliant with best practices. In a statement the BOI said: “Foreign Direct Investment brought into Sri Lanka, including


Sri Lanka, Access Group race to global spotlight at Jaguar I-PACE eTrophy series

Views - 621 Thursday, 28 March 2019 01:55

Sri Lanka and Access Group made local history in the fast-gaining electric car racing industry on Saturday in Sanya, China, whena Jaguar I-PACE sporting the national flag and Access’s corporate branding competed on a Formula E track of global body


CEB to go for supplementary power purchases to address power shortage

Views - 1201 Thursday, 28 March 2019 01:53

The Ceylon Electricity Board yesterday sought approval from Public Utilities Commission (PUCSL) to procure 100 MW of supplementary power and sign agreements with two independent power producers as a means of addressing the deepening power crisis. Th


First-ever electric 3-wheeler hits sri Lankan roads

Views - 2222 Thursday, 28 March 2019 01:53

MP and one-time Transport Minister Kumara Welgama took to driving the first-ever electric three-wheeler launched yesterday by Mahindra Motors in partnership with local agents, Ideal Motors. His passengers were Strategic Development and International


H’tota refinery a potential money laundering risk: TISL

Views - 488 Thursday, 28 March 2019 01:52

have a negative impact on Sri Lanka’s efforts to remove itself from the Financial Action Task Force’s (FATF) ‘Grey List’ of countries vulnerable to money laundering and terrorism financing. The main investor in the project, the Singapore bas


Adani Global wins spot tender to supply coal to Norochcholai

Views - 352 Thursday, 28 March 2019 01:52

Cabinet this week approved awarding the contract to supply 300,000 metric tonnes of coal for the Norochcholai power plant to Adani Global Ltd., the Government Information Department said. Power, Energy and Business Development Minister Ravi Karunana


SriLankan Airlines ups flights to Tokyo

Views - 315 Thursday, 28 March 2019 01:51

SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing its number of frequencies to five per week, with Sri Lanka growing rapidly in popularity as a de


ETI depositors cannot be paid by public funds: Eran

Views - 801 Thursday, 28 March 2019 01:51

By Ashwin Hemmathagama, Our Lobby Correspondent The Government yesterday said it will not use taxpayer money to bail out Edirisinghe Trust Investment Finance Company (ETI) depositors but would explore the possibilities to resuscitate the business. T


Sri Lanka kicks off first ever tourism campaign in South Africa

Views - 509 Thursday, 28 March 2019 00:00

The Sri Lanka High Commission in Pretoria, with the support of the Sri Lanka Tourism Promotion Bureau, organised “So Sri Lanka” Tourism Exhibition at Aviary Court in Menlyn Shopping Mall from 20-25 March. It was the first ever Sri Lanka Tourism P


JVP roasts Govt. for loading Foreign Service with political appointments

Views - 940 Wednesday, 27 March 2019 00:20

Appointing henchmen to key diplomatic posts in strategically important locations attracted heavy criticism yesterday in Parliament, with Janatha Vimukthi Peramuna (JVP) politicians pointing out that currently Sri Lanka has political appointees posted


SAGT strengthens operating infrastructure capabilities with Rs. 1.6 b investment

Views - 547 Wednesday, 27 March 2019 00:15

South Asia Gateway Terminals Ltd., the first public private partnership stevedoring container terminal in Sri Lanka, strengthened its operating infrastructure capabilities with the addition of six state-of-the-art Rubber Tyred Gantry (RTG) Cranes rec


Rupee dip bloats debt

Views - 341 Wednesday, 27 March 2019 00:12

The depreciation of the Sri Lankan rupee between January 2015 and November 2017 has increased the foreign debt by Rs.626.4 billion, the Government told Parliament yesterday, but stressed that foreign investment increases showed that confidence in the


Stocks down, rupee up

Views - 326 Wednesday, 27 March 2019 00:10

Reuters: Sri Lankan shares closed at their lowest in more than six years on Tuesday, ending weaker for a seventh straight session, dragged down by telecommunication and banking stocks. The market awaits for some positive news from the third and final


Marapana says no laws to establish hybrid courts and allow foreign judges

Views - 141 Wednesday, 27 March 2019 00:05

In the absence of legal provisions, the Government of Sri Lanka will not allow hybrid tribunals to be established in Sri Lanka, or for foreign judges to adjudicate possible culpability of Sri Lankans over war crime and human rights violations, the Fo


Oceanpick first in South Asia to earn BAP certification for offshore farming

Views - 374 Wednesday, 27 March 2019 00:00

Sustainable oceanic fish farm Oceanpick Ltd. has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia - and only the 34th country in the world - with a BAP-certified facility. BAP is the world’s


SLASSCOM says 2019 Budget recognises growth potential of knowledge solutions industry

Views - 157 Wednesday, 27 March 2019 00:00

The Sri Lankan Association of Software and Services Companies (SLASSCOM) has said it was pleased to see several concessions proposed in the 2019 National Budget to accelerate the revenue growth and increase capacity within the knowledge solutions ind


Dispute avoidance in construction contracts a must

Views - 241 Wednesday, 27 March 2019 00:00

Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in contracts, said Dispute Resolution Board Foundation (DRBF) Sri Lanka Country Representative Malith Mendis at the DRBF Regional


Ranil and Dhammika heat up Fireside Chat

Views - 2835 Tuesday, 26 March 2019 00:20

By Uditha Jayasinghe and Charumini de Silva Progressive policy making requires both political will and innovative thinking. Bringing these two aspects together, Prime Minister Ranil Wickremesinghe and business leader Dhammika Perera gave insights o


Ceylon Chamber opens CSE trading to celebrate 180 years

Views - 444 Tuesday, 26 March 2019 00:14

A special market opening ceremony was held at the Colombo Stock Exchange (CSE) yesterday in recognition of the Ceylon Chamber of Commerce cerebrating 180 years. The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1839, for the purpose of be


Polonnaruwa to become Sri Lanka’s first Smart City

Views - 1571 Tuesday, 26 March 2019 00:14

Sri Lanka Telecom (SLT) Chairman Kuma-rasinghe Sirisena yesterday said Polonnaruwa is earmarked to become Sri Lanka’s first-ever ‘Smart City’, with the Government planning to launch several pilot projects in the areas of education, health, and


SLTDA promises to issue renewal licenses in one day

Views - 1261 Tuesday, 26 March 2019 00:13

The Sri Lanka Tourism Development Authority (SLTDA) is now fully geared to issue renewals for accommodation and service providers in one day, the entity said yesterday. By next week, SLTDA will publish press advertisements in all three languages to


Five remanded over bond scam

Views - 333 Tuesday, 26 March 2019 00:12

Former Central Bank Deputy Governor P. Samarasiri and four members of the Board of Directors of Perpetual Treasuries Limited (PTL), who were arrested in connection with the Central Bank bond scam, were remanded till 5 April by Colombo Fort Magistrate


Shares extend losses; rupee weakens

Views - 285 Tuesday, 26 March 2019 00:12

Reuters: Sri Lankan shares ended lower for a sixth straight session on Monday, posting their lowest close in more than six years, dragged down by diversified shares such as conglomerate John Keells Holdings Plc. The market awaits cues from the third


Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch


Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further


What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available


On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q


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