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Sri Lanka all set to celebrate World Tourism Day 2019

Views - 511 Wednesday, 11 September 2019 00:18

Sri Lanka Tourism is all set to celebrate World Tourism Day 2019, with a two-day celebration on the UNWTO’s theme ‘Tourism and Jobs: A Better Future for All’. Recognising the importance of this year’s theme, Sri Lanka Tourism Development Auth

Prestigious accolades for Triad, globally and locally

Views - 311 Wednesday, 11 September 2019 00:00

Triad has been recognised at Ad Stars Awards 2019 with a coveted Silver award for its Life Chant campaign, which was launched in partnership with the Public Health Department of the Colombo Municipal Council. Life Chant was awarded in the Diverse In

CEB signs up Chinese firm to manufacture meter enclosures

Views - 146 Wednesday, 11 September 2019 00:00

The Ceylon Electricity Board has inked an agreement with Yiwu Farpie Power Transmission & Distribution Device Co. Ltd. of China to supply 25,000 meter enclosures for its distribution sub-stations located island-wide recently at its Head Office. USS E

Ravi Wijeratne to buy MTD Walkers

Views - 2439 Tuesday, 10 September 2019 01:55

Business magnate Ravi Wijeratne is to take over the troubled MTD Walkers PLC for an undisclosed amount. In a filing to the Colombo Stock Exchange, MTD Walkers informed that it has received a letter from Wijeratne stating he has agreed with MTD Capita

Stock market gains

Views - 346 Tuesday, 10 September 2019 01:54

The Colombo stock market opened a fresh week on the up with the benchmark All Share Price Index (ASPI) 18 points or 0.3% and the active S&P SL 20 Index gaining 13 points or 0.5%. NDB Securities said market gained as a result of price hike in counters

TISL to file complaints against 8 Ministers with Bribery Com.

Views - 315 Tuesday, 10 September 2019 01:53

Transparency International Sri Lanka (TISL) will file complaints against eight Cabinet Ministers at the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) today.

Lankan-born hedge fund manager Raj Rajaratnam released from US prison two years early

Views - 1034 Tuesday, 10 September 2019 01:50

Sri Lankan-born Galleon hedge fund founder Raj Rajaratnam, who was serving an 11-year prison term for insider trading, has been released more than six weeks ago, almost two years early, Bloomberg reported. Raj Rajaratnam, alleged of being the masterm

Razeen Sally to talk on political economy tomorrow

Views - 371 Tuesday, 10 September 2019 01:48

Renowned economist Dr. Razeen Sally will deliver the Central Bank’s 69th Anniversary Oration tomorrow at 2.20 p.m. at its Atrium. The oration is titled ‘Political economy and economic policy in our times’. Dr. Sally is the visiting associate pr

WIM, IFC, Government of Australia celebrate Lankan women’s successes

Views - 808 Tuesday, 10 September 2019 01:45

The ‘Top 50’ Professional and Career Women Awards 2019 were conferred recently, with Sri Lankan women leaders recognised for their contributions to sustainable and inclusive economic growth in the country. Achievements like these, within corporat

Lanka Challenge 2019: The TukTuk Adventure round 15 kicks off

Views - 184 Tuesday, 10 September 2019 00:10

The energy was electric at the Tamarind Tree Hotel in Minuwangoda, where 42 eager competitors from seven countries comprising 20 teams decked out the start line, costumes intact awaiting the official day-one-flag off. This year, Large Minority (www.

President will appear before PSC on 20 Sep.

Views - 155 Monday, 9 September 2019 00:30

President Maithripala Sirisena will appear before the Parliamentary Select Committee (PSC) looking into the Easter Sunday terror attacks on 20 September. His evidence will be recorded at the Presidential Secretariat, Committee sources said. The Presi

Ranil, Sajith talks postponed

Views - 1230 Monday, 9 September 2019 00:25

A scheduled meeting between UNP leader Prime Minister Ranil Wickremesinghe and its Deputy Leader Minister Sajith Premadasa which was to take place last evening to iron out differences as to who should be the Party’s presidential candidate was postp

Barter deal in the works for SL, Iran

Views - 610 Monday, 9 September 2019 00:20

By Charumini de Silva Proactive negotiations are underway towards finalising a crucial barter deal between Sri Lanka and Iran to resolve impasse over tea exports and payment due on oil imports. The Ceylon Petroleum Corporation (CPC) has a long outsta

State banks to offer collateral-free soft loans up to Rs. 1.5 m under Enterprise Lanka: Mangala

Views - 560 Monday, 9 September 2019 00:15

Finance Minister Mangala Samaraweera yesterday announced that the Government has decided to offer interest subsidised loans up to Rs. 1.5 million under the Enterprise Sri Lanka loan scheme without obtaining collateral. He said that there is no need

Softlogic Life wins ‘Brand of the Year’ at Effies 2019

Views - 645 Monday, 9 September 2019 00:00

Creating history at the most prestigious award ceremony for the local marketing fraternity, Sri Lanka’s number one health insurer, Softlogic Life Insurance PLC became the youngest Sri Lankan brand and the only insurance brand in Sri Lanka to walk a

Caboo World App to revolutionise e-commerce industry in SL

Views - 404 Monday, 9 September 2019 00:00

Caboo World, Sri Lanka’s first multi-tasking e-commerce app, was launched last week with an investment of over $600,000 in a bid to connect entrepreneurs to gain access to global markets and to provide safer travel and better living for every citiz

MullenLowe recognised as the Most Effective Agency of 2018 at the Effies

Views - 122 Monday, 9 September 2019 00:00

Continuing its dominance in advertising effectiveness, MullenLowe Sri Lanka cleared the 2018 Effie Awards awards with a massive margin at the Water’s Edge in Colombo last Friday. The Sri Lanka office of IPG’s MullenLowe Group emerged as the most-

Event Management Association of Sri Lanka debuts

Views - 220 Monday, 9 September 2019 00:00

The event management industry has been in operation in Sri Lanka for a period of over 30 years, providing its valued services to State and private sector organisations. The Event Management Association of Sri Lanka (EMA) was launched recently in orde

RW tells Party seniors he’ll be UNP's presidential candidate

Views - 1849 Saturday, 7 September 2019 00:10

Prime Minister Ranil Wickremesinghe told a group of senior UNP members yesterday that he would be the Party’s candidate at the upcoming Presidential election. A senior M

CoPA orders tax hike on mini-hydros in Central Province

Views - 188 Saturday, 7 September 2019 00:01

The Committee on Public Account (CoPA) yesterday ordered the Central Provincial Council to increase the tax on mini-hydropower plants as the income received from the sector is a pittance. CoPA also

CAA to take legal action against Prima after price hike

Views - 104 Saturday, 7 September 2019 00:01

The Consumer Affairs Authority (CAA) has decided to take legal action against Prima Ceylon Ltd. after they announced a price hike of a kilo of wheat flour by Rs. 5.50, effective since midnight yes

No Standing Orders violated: Speaker

Views - 22 Saturday, 7 September 2019 00:01

The Government refusing to move three motions listed on the Order Paper on Thursday and rejecting a vote requested by the Opposition citing the necessity of the Minister responsible to make some clarifications did not violate the Standing Orders or t

PM to open Enterprise Sri Lanka exhibition in Jaffna today

Views - 118 Saturday, 7 September 2019 00:01

The Enterprise Sri Lanka Jaffna exhibition organised by the Ministry of Finance which aims to create entrepreneurs will be declared open by Prime Minister Ranil Wickremesinghe in Jaffna today. This exhibition will be open fo

Rupee ends at its lowest in over 7 months; stocks fall

Views - 313 Saturday, 7 September 2019 00:01

Reuters: Rupee closed at its lowest level in over seven months as foreign fund outflows from government securities rose, while stocks extended losses for the third straight session. The rupee ended weaker at 180.8

Speaker censures Govt. MPs

Views - 150 Saturday, 7 September 2019 00:01

Speaker Karu Jayasuriya yesterday severely censured Government Parliamentarians for their behaviour and absence during sessions and said they were responsible for the public disgust directed towa

P’ment adjourned due to no-show by Govt. MPs

Views - 89 Saturday, 7 September 2019 00:01

Speaker Karu Jayasuriya yesterday adjourned the House early due to the absence of Government Parliamentarians to conduct the day’s business resulting in the withdrawal of the Finance Bill.

Speaker overrules Opposition request for vote

Views - 307 Friday, 6 September 2019 00:30

Speaker Karu Jayasuriya yesterday overruled a request from the Opposition benches to hold a vote to pass regulations under the Sri Lanka Export Development Act moved in Parliament. He made these statements when the Government moved Gazette Extraord

Biz confidence rises to 6-month high

Views - 325 Friday, 6 September 2019 00:20

The LMD-Nielsen Business Confidence Index (BCI) rose by 20 basis points to 94 in August – the highest increase in the index since November last year, according to LMD. And as the magazine notes, the barometer now stands one point shy of where was i

Cabinet approval to move forward Samurai bond: CB Chief

Views - 462 Friday, 6 September 2019 00:18

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday said Cabinet approval had been given to appoint a Steering Committee and a Technical Evaluation Committee for the mobilisation of the issuance of a $ 500 million samurai bond. Speaking at The

Foreign outflows from bonds settling after rate cut

Views - 279 Friday, 6 September 2019 00:15

Reuters: Outflows from Sri Lanka’s Government securities have been settling after the Central Bank’s rate cut last month, the Central Bank’s Senior Deputy Governor Nandalal Weerasinghe said on Thursday, amid market concerns over more foreign bo

Today's Columnists

Industry 4.0, disruptive technology and MAS Matrix: An example for way forward in Sri Lanka

Monday, 16 September 2019

Technology has always been disruptive. When a new technology is introduced, it changes the way the humankind lives, behaves, earns, interacts and communicates. Some 10,000 years ago, when agriculture and animal breeding were domesticated through the

Radically reinvented reality: Relevance to Sri Lanka

Monday, 16 September 2019

I am delighted to be involved in the National HR Conference 2019, the largest HR event in South Asia. This time it is on the theme ‘Radically Reinvented Reality’. We need to take another look at the way we act institutionally and nationally, in u

Boeing in MAX-imum trouble

Monday, 16 September 2019

Boeing, America’s mighty aircraft manufacturer, is in deep trouble. The controversy surrounding the best-selling 737 MAX has refused to go away. The Federal Aviation Administration, the US aviation regulator, has spent over 110,000 hours addressing

Gotabaya Rajapaksa at Viyathmaga: Vision with an authoritarian zeal!

Monday, 16 September 2019

Gotabaya Rajapaksa has unveiled his national strategy or vision as a presidential candidate with an authoritarian zeal. This is clear from his Viyathmaga speech. He should be commended however for his fairly clear expression of views and objectives.

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