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Oman Oil Minister excited to be part of Sri Lanka oil refinery project

Views - 429 Monday, 25 March 2019 00:15

Oman’s Oil Minister said on Sunday he was excited to be part of the Sri Lanka oil refinery project, in a sign that plans for the sultanate’s involvement may be back on track.

CCC celebrates 180 years serving the business community

Views - 166 Monday, 25 March 2019 00:10

The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1893 for the purpose of best promoting the interests of commerce and was among the very first group of chambers established in Asia. The Chamber has grown from having 26 memberships at its

CEB and Ministry in standoff over power cuts

Views - 2000 Monday, 25 March 2019 00:07

The Power Ministry is yet to approve and make public the power cut schedule despite Ceylon Electricity Board (CEB) informing the Ministry Secretary of the decision to carry out load shedding last Monday (18 March), but a copy leaked to the public yes

Govt. aims to make development accessible to people: Mangala

Views - 180 Monday, 25 March 2019 00:04

Finance Minister Mangala Samaraweera said the refinery project was only part of the Government’s larger plans to increase exports and improve FDI to make development accessible to all Sri Lankans and create an affluent middle class. Speaking at th

Diplomats delve into tourism industry

Views - 532 Monday, 25 March 2019 00:03

By Charumini de Silva Drawing from their experiences, foreign diplomats from a range of countries last week recommended Sri Lanka focus on sustainable tourism, while improving on the areas of taxation, visa guidelines, skilled labour, air connectiv

Lankan-flagged Team Asia races to top in Jaguar I-PACE eTrophy series

Views - 151 Monday, 25 March 2019 00:02

Team Asia, in the world’s first-ever all-electric production-based international race, the Jaguar I-PACE eTrophy series championship, sporting the Sri Lankan flag, on Saturday came second in the Sanya, China edition, thereby emerging overall leader

SriLankan Airlines scores second hat-trick at Golden City Gates Awards 2019

Views - 103 Monday, 25 March 2019 00:00

SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, reaffirming the global appeal and innovativeness of its marketing communication endeavours yet again, won three awards at Golden City Gates Awards 2019 at I

Diplomatic discourse on Sri Lanka’s way forward

Views - 314 Monday, 25 March 2019 00:00

Growth in a globalised world requires working with partners, learning from others and adapting international best practices. Insights and recommendations from a wide variety of country representatives were showcased recently at Fireside Chat 2019, wi

Partial results from Thai election show pro-army party with slight, unexpected lead

Views - 86 Monday, 25 March 2019 00:00

REUTERS: Partial results from Sunday’s General election in Thailand showed a pro-military party slightly ahead of the populist party leading a ‘democratic front’, an unexpected outcome from a poll that had long been delayed after a 2014 army co

Shares fall for 5th session; rupee slightly weaker

Views - 177 Saturday, 23 March 2019 00:27

REUTERS: Shares fell for the fifth straight session on Friday and posted their lowest close in more than six years, dragged by telecom stocks, but foreign investors’ buying capped the decline.

Tea auction sees mixed demand

Views - 106 Saturday, 23 March 2019 00:26

The tea auction this week had on offer 6.5 M/kgs with Low Grown/Large Leaf teas continuing to meet with good demand but High and Mid Grown Small Leaf teas encountered a sluggish market, Forbes and Walker Tea Brokers said in their latest report. Ex-Es

Opposition unhappy over EPF return to market

Views - 312 Saturday, 23 March 2019 00:26

The Opposition yesterday disapproved of the Government’s decision to allow the Employees Provident Fund (EPF) to re-enter the Colombo stock market, voicing fears that the move could result in losses to the country’s largest pension fund. Oppositi

South Indian political link in $ 3.8 b refinery

Views - 350 Saturday, 23 March 2019 00:25

A Singapore-based company in which stakes are held by the family members of former Union Minister of State S. Jagathrakshakan of the DMK has been linked to a record foreign direct investment of $ 3.85 billio

Thai parties head into final battle ahead of Sunday vote

Views - 58 Saturday, 23 March 2019 00:24

Reuters: Thai political parties on Friday held their largest rallies yet, two days ahead of the country’s first election since a military coup nearly five years ago, but one that critics say will deny power to the most popular party. Making his fir

Growth in motor premiums to slow on vehicle taxes

Views - 90 Saturday, 23 March 2019 00:23

The increase in taxes on imported vehicles in Sri Lanka is likely to cause the growth in motor insurance policy premiums to slow in the near term, says Fitch Ratings. The Govern

SL banks manage capital impact of SLFRS 9: Fitch

Views - 151 Saturday, 23 March 2019 00:23

Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, international rating agency Fitch said yesterday. Fitch s

Sri Lanka on show as Jaguar I-PACE eTrophy races to glory in Sanya, China today

Views - 168 Saturday, 23 March 2019 00:15

Sri Lanka will be in the spotlight as the history-making Jaguar I-Pace eTrophy revs up for a fresh challenge today in the resort city of Sanya in China ahead of the ABB FIA Formula E Championship.

Power problems prolonged

Views - 132 Saturday, 23 March 2019 00:10

Power Minister Ravi Karunanayake yesterday remained steadfast in his refusal to acknowledge the existence of scheduled power cuts even though the Ceylon Electricity Board (CEB) continues to ca

Inflation rises to 2.4% in Feb.

Views - 328 Friday, 22 March 2019 00:20

Inflation rose to 2.4% in February from 1.2% in January, largely on non-food items, the Census and Statistics Department said yesterday. Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=10

New analytical unit established

Views - 870 Friday, 22 March 2019 00:15

The Government has established a new analytical unit to improve scientific analysis and infuse it to decision making, Non-Cabinet Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva told Parliament yesterday. According to de Silv

Shares fall for fourth session; rupee ends firmer

Views - 365 Friday, 22 March 2019 00:10

Reuters: Sri Lanka’s share index fell for a fourth straight session on Thursday to a more than 6-year closing low as investors exited the island nation’s risky assets, while they awaited cues from the third and final vote on the 2019 Budget, mark

Parallel construction of Central Expressway to offset delays

Views - 1647 Friday, 22 March 2019 00:08

Construction of the Central Expressway Phase I will have multiple sections commencing simultaneously to cut down delays, the Road Development Authority (RDA) said yesterday, even though funding for the project remains gridloc

No agreement with Oman Oil Ministry for refinery: BOI

Views - 410 Friday, 22 March 2019 00:05

The Board of Investment (BoI) yesterday denied there was an agreement between the Oman Oil and Gas Ministry and Silver Park International to build a $ 3.8 billion refinery in Hambantota but insisted that the project would move ahead. Responding to a

Sri Lanka to discuss Draft National Policy on LNG

Views - 143 Friday, 22 March 2019 00:00

The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the Draft National Policy on Liquid Natural Gas with a view to establish and develop the natural gas industry in Sri Lanka. With the view of fu

Water for all!

Views - 238 Friday, 22 March 2019 00:00

Muthun Murugaiya provides water for 15 families. The 60-year-old has the only working well in the neighbourhood in his front garden. Just feet away, the community well lies dry – groundwater is low in the village of Veemankamam in Sri Lanka’s Jaf

‘SheLeads’ IWD event by Google’s Womenwill to focus on leadership and gender balance

Views - 111 Friday, 22 March 2019 00:00

A balanced world is a better world. This is the idea behind this year’s International Women’s Day, which was celebrated on 8 March. In celebrating this annual event, Google’s Womenwill program focuses on the idea that bringing about gender equ

SEC Chief welcomes PM’s remark on EPF’s return to stock market

Views - 532 Thursday, 21 March 2019 01:52

The Securities and Exchange Commission Chairman Ranel Wijesinha yesterday welcomed Prime Minister Ranil Wickremesinghe’s Tuesday announcement on the return of Employees’ Provident Fund (EPF) to the Colombo stock market.

Diplomats show way forward for Sri Lanka

Views - 1070 Thursday, 21 March 2019 01:51

Ten diplomats on Tuesday shared their frank views on a wide range of topics as to what they think is the best way forward for Sri Lanka at the packed Fireside Chat 2019 organised by the Daily FT, ICC SL and CIMA at Hilton Colombo.Envoys of UK James D

Dhammika calls for rethink of policies for growth

Views - 857 Thursday, 21 March 2019 01:50

Well-known businessman Dhammika Perera on Tuesday stressed that Sri Lanka needs to focus on growth that creates jobs and promotes innovation to move forward from the country’s current middle income status.

UN rights chief warns Sri Lanka of fresh conflict

Views - 430 Thursday, 21 March 2019 01:42

The UN human rights chief yesterday warned Sri Lanka it could slip back to conflict unless it addressed the “worst crimes” during the final stages of its ethnic war. Michelle Bachelet told the Human Rights Council that Sri Lanka...

Today's Columnists

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

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

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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