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Singapore rejects Sirisena’s allegation on Mahendran

Views - 553 Thursday, 21 March 2019 01:38

Singapore yesterday rejected President Maithripala Sirisena’s allegation that it was sheltering a former Central Bank chief wanted for fraud, saying Colombo failed to provide documents to support its extradition request.

Case against Lankan tyre exports dismissed by US Courts

Views - 356 Thursday, 21 March 2019 01:35

Sri Lanka has achieved another legal victory in the case of countervailing duties imposed by the US against off-the-road (OTR) tyres from Sri Lanka, after the US Department of Commerce decided to withdraw an appeal against the decision of the US Cour

Oman denies it has agreed to invest in Sri Lanka oil refinery project

Views - 747 Thursday, 21 March 2019 01:34

Oman’s Oil Ministry yesterday denied being part of a $ 3.85 billion plan to build an oil refinery in Sri Lanka, a day after the Government in Colombo announced the Arab country’s participation.

Sri Lanka quarterly growth slows to near 4-year low on political crisis

Views - 299 Thursday, 21 March 2019 01:34

Sri Lanka’s last quarter economic growth slowed to a nearly four-year low, Government data showed on Tuesday, as a 51-day political crisis took a toll on the industrial sector. Colombo posted 1.8% growth in the fourth quarter of 2018....

CB clarifies on ISB sales

Views - 568 Wednesday, 20 March 2019 00:20

The Central Bank yesterday insisted that it has followed transparency procedures and due process when issuing International Sovereign Bonds (ISBs) and that the interest rates were according to market standards. With reference to the recent paper a

CSE falls to more than 6-year low on foreign selling; Rupee weaker

Views - 460 Wednesday, 20 March 2019 00:15

Colombo (Reuters): Sri Lanka’s share index fell for the third straight session on Tuesday to a more than 6-year closing low in light trading volume with foreign investors on the selling side, as the market awaits direction from the third and final

Retraining Arts graduates needed for private sector job demands

Views - 363 Wednesday, 20 March 2019 00:12

By Ashwin Hemmathagama – Our Lobby Correspondent Giving Arts students, who make up the largest component of unemployed graduates, the chance to start STEM subjects would make them more employable, State Minister of Finance Eran Wickramaratne said y

JVP irate over non-collection of taxes from distillery company

Views - 188 Wednesday, 20 March 2019 00:10

A distillery company linked to Perpetual Treasuries head Arjun Aloysius has skipped paying tax money estimated at Rs. 50.6 million, the Opposition held yesterday in Parliament. JVP lawmaker Dr. Nalinda Jayatissa, joining the Committee Stage Program o

NBFIs under pressure from asset quality and profitability: Fitch

Views - 413 Wednesday, 20 March 2019 00:05

Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability in the medium term, given slowing growth and movement away from vehicle financing, which was earlier a core seg

Kabul calls for first direct air corridor, investment pact to revive Sri Lanka trade

Views - 181 Wednesday, 20 March 2019 00:00

Buoyed by its unprecedented victory in the latest global Doing Business ranks, Afghanistan has called to open a direct air corridor with Sri Lanka on 25 March. Kabul is also keen on an Investment Protection and Promotion (IPP) pact with Colombo to re

Japan to provide waste collection trucks for Jaffna

Views - 361 Wednesday, 20 March 2019 00:00

The Government of Japan has extended a total sum of $ 83,432 (approx. Rs. 15 million) for “The Project for Providing Secondhand Waste Collection Trucks in Jaffna” through its Grant Assistance for Grassroots Human Security Projects (GGP). The gra

Tripitakabhivandana Dhamma Discussion: Buddha’s words a gift to humanity

Views - 64 Wednesday, 20 March 2019 00:00

The Consulate General of Sri Lanka in Sydney together with the jointly organised a Dhamma Discussion with Ven. Ajahn Sujato Thero, Co-Founder of SuttaCentral and Dr. Mark Allon (PhD Cambridge), Chair of School of Languages and Cultur

CEB set on carrying out load shedding to deal with current power shortage

Views - 3241 Tuesday, 19 March 2019 01:29

Ceylon Electricity Board has requested approval from the Power Ministry to carry out load shedding to cope with the current deficit in the power supply, owing to prevailing dry weather conditions in the country, as unscheduled power cuts were experie

Economic sentiment on the rise: Survey

Views - 548 Tuesday, 19 March 2019 01:28

Sentiment surrounding the economy improved in February as 12% of respondents in the latest LMD-Nielsen Business Confidence (BCI) poll believe that conditions ‘will get better’ in the next 12 months. “The economy has begun to stabilise now, and

Huawei steps up commitment, growth potential in “innovation hub” SL

Views - 653 Tuesday, 19 March 2019 01:28

Global giant Huawei yesterday reiterated its commitment to Sri Lanka, a regional hub for innovation and core business segments delivering good growth with potential for more. Huawei Technologies Lanka CEI Shunli Wang told journalists yesterday that

Fireside Chat 2019 at 6 p.m. today

Views - 183 Tuesday, 19 March 2019 01:27

The Fireside Chat 2019, organised by Daily FT, CIMA and ICCSL, will commence at 6.00 pm at the Hilton Colombo. Prime Minister Ranil Wickremesinghe, Vallibel Group ChairmanDhammika Perera, and Vishwas Udgirkar of Deloitte Consulting, UK High Commissio

Shares end little changed; rupee rises

Views - 299 Tuesday, 19 March 2019 01:27

Reuters: Sri Lanka’s share index ended little changed on Monday, hovering near its 5-1/2-year low, as investors’ awaited direction from the third and final vote on the 2019 Budget, market sources said. Parliament last week passed the second read

FITIS calls on Govt. to remove 3.5% NBT for foreign payments

Views - 630 Tuesday, 19 March 2019 01:27

The Federation of the Information Technology Industry Sri Lanka (FITIS) yesterday called on the Government to remove the 3.5% NBT proposed in the Budget 2019 completely from foreign payments using credit and debit cards, insisting it will affect the

“Sri Lanka will see more mid-cap M&A deals”: MTI

Views - 305 Tuesday, 19 March 2019 00:00

According to MTI’s Corporate Finance and Investment Banking practice, over the next two years Sri Lanka is likely to witness a strong pipeline of mid-cap M&A deals. Commenting on what is driving this, MTI CEO Hilmy Cader said, “There is a multitu

CSE Chairman’s views on the way forward for the stock market

Views - 313 Tuesday, 19 March 2019 00:00

CSE Chairman Ray Abeywardena who was a panellist at the 7th Annual Capital Market Conference organised by UTO Educonsult Ltd. which was held on 13 March at the Ramada Hotel airing his views on the plans to develop the market confirmed that initiative

National Action Plan for Combating Bribery and Corruption debuts today

Views - 244 Monday, 18 March 2019 00:20

A National Action Plan for Combating Bribery and Corruption will be launched today by President Maithripala Sirisena. The plan, which got Cabinet approval on 5 February, is premised on four strategies for combating bribery and corruption in Sri Lanka

Fireside Chat 2019, tomorrow at Hilton Colombo

Views - 548 Monday, 18 March 2019 00:15

The Fireside Chat 2019 organised by Daily FT, CIMA and ICCSL will kick off tomorrow at the Hilton Colombo. The highlight of the fireside chat this year will be the closing session with Prime Minister Ranil Wickremesinghe, who will discuss some of the

$ 70 m from World Bank for $ 100 m project to improve local services in rural areas

Views - 178 Monday, 18 March 2019 00:10

The World Bank Board of Directors has approved a $ 70 million credit to improve the quality of life of around one million people living in Northern, North Central, Eastern and Uva Provinces in Sri Lanka. The new local development project will put lo

Slow growth for manufacturing, services in February

Views - 197 Monday, 18 March 2019 00:08

The country’s manufacturing and Services sector experienced slow growth in February as per the Sri Lanka Purchasing Managers’ Index (PMI) compiled by the Central Bank. It said manufacturing activities increased at a slower rate in February compar

World’s first ever Rotaract Sustainability Leadership Forum in May

Views - 163 Monday, 18 March 2019 00:00

Sri Lanka will hold the first ever global Rotaract Sustainability Leadership Forum in May in line with the strategic focus towards achieving the global sustainability goals in 2030. The three-day forum which is scheduled to kick off on 2 May aims to

Connecting dots: Bringing social, private and public sectors together through technology

Views - 1151 Monday, 18 March 2019 00:00

For Sri Lankan organisations who are in the race to become cloud-ready businesses, Chandita Samaranayake is a familiar face. For the last 11 years, ‘Chandi’ was a key member of Oracle Corporation’s local team who helped the world’s leading cl

Linda and Jayomi selected for E&Y Entrepreneurial Winning Women Asia-Pacific program

Views - 727 Monday, 18 March 2019 00:00

Coinciding with International Women’s Day, EY Sri Lanka has announced the selection of two prominent local women entrepreneurs, Linda Speldewinde and JayomiLokuliyana, for the 2019 EY Entrepreneurial Winning Women Asia-Pacific class. The program is

Dr. Kapila Ranasinghe appointed Chairman Skills Development Fund

Views - 275 Monday, 18 March 2019 00:00

Academic Dr. Kapila Ranasinghe has been appointed as the Chairman of the Skills Development Fund Ltd. (SDFL) by Prime Minister Ranil Wickremesinghe. The SDFL was established as a pilot project in 1998 on the recommendation of Presidential Task Force

SL will promote green-development: President

Views - 158 Saturday, 16 March 2019 00:17

President Maithripala Sirisena, highlighting the initiatives taken by his Government towards greening, said Sri Lanka is committed to achieving the UN 2030 Agenda for Sustainable Development and would capitalise on nature for its development. Speakin

Mosque killings spark global horror

Views - 221 Saturday, 16 March 2019 00:17

AFP & Reuters: Attacks on twomosques in New Zealand which left at least 49 people dead yesterday – the Muslim day of prayer – have sparked horror, revulsion and dismay around the world. “It is clear that this can now only be described as a ter

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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