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Vote reaffirms MR has no majority: TNA

Views - 244 Saturday, 17 November 2018 01:02

Former Opposition leader R. Sampanthan yesterday endorsed the Speaker’s action to have conducted the voice by vote on two occasions, proving MP Mahinda Rajapaksa does not command majority in th

SLTPB assures SL safe for travellers

Views - 16 Saturday, 17 November 2018 01:01

Despite the political turmoil, Sri Lanka Tourism Promotion Bureau (SLTPB) yesterday asserted that tourists are free to travel to any part of the country and that tourist sites are safe to visit. Welcoming foreign travellers, SLTPB i

Tata Sons says in preliminary talks with Jet Airways

Views - 9 Saturday, 17 November 2018 01:01

REUTERS: Indian conglomerate Tata Sons Ltd. said on Friday that it is in preliminary talks with Jet Airways Ltd. and has made no proposal to acquire a stake in the debt-laden carrier, cooling speculation that a deal was imminent.

Rupee hovers near record low; stocks weak

Views - 13 Saturday, 17 November 2018 01:01

Reuters: The rupee closed steady on Friday, hovering near its all-time low hit in the previous session, as political uncertainty outweighed the positive impact of a policy rate hike, sources said.

BOC disburses 290 ‘Thurunu Diriya’ loans worth Rs. 125.4 m

Views - 53 Saturday, 17 November 2018 01:01

The Bank of Ceylon ‘Thurunu Diriya’ loan scheme has disbursed Rs. 125,458,000 worth loans among 290 young entrepreneurs up to date, according to the Prime Minister’s Policy Development Office. It said this is a 10% growth co

Sri Lanka Prosperity Index gains in 2017

Views - 166 Saturday, 17 November 2018 01:01

The Central Bank said yesterday that Sri Lanka Prosperity Index (SLPI), increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to improvements in ‘Economy and Business Climate’ and ‘Socio-Economic In

Moody’s warns of lasting impact over Lanka’s political crisis

Views - 31 Saturday, 17 November 2018 00:01

Rating agency Moody’s has warned of serious lasting impact on global investor confidence on account of Sri Lanka’s worsening political crisis. “Uncertainty about the direction of future policy following the recent political crisis could have a

UNP calls for Presidential elections

Views - 1299 Friday, 16 November 2018 00:00

Amidst the thundering sound of fire crackers, United National Party (UNP) leader Ranil Wickremesinghe yesterday threw down the gauntlet, calling for a Presidential election as the tug-of-war between the Legislature and Executive intensified. Address

CBK calls for enlightened governance to save SL from anarchy

Views - 461 Friday, 16 November 2018 00:00

Former President Chandrika Bandaranaike Kumaratunga yesterday said the country needs enlightened governance and unity by people to save Sri Lanka from anarchy. Following is the full statement issued by Kumaratunga: I am watching with concern and reg

Four private sector lobby groups want due process followed to resolve political crisis

Views - 571 Friday, 16 November 2018 00:00

The Ceylon Chamber of Commerce (CCC), International Chamber of Commerce Sri Lanka (ICCSL), Joint Apparel Association Forum (JAAF) and the Women’s Chamber of Industry and Commerce (WCCI) in a statement yesterday expressed their concern about the cur

Speaker stands tall in P’ment

Views - 824 Friday, 16 November 2018 00:00

By Ashwin Hemmathagama – Our Lobby Correspondent Turmoil continued in Parliament yesterday with both MP Ranil Wickremesinghe and MP Mahinda Rajapaksa camps clashing with each other, with the furore descending into fisticuffs and foul language hurl

Stepped up to save country: MR

Views - 287 Friday, 16 November 2018 00:00

Delivering his speech to Parliament, MP Mahinda Rajapaksa criticised Speaker Karu Jayasuriya for not accepting him as prime minister and claimed that he had stepped up at the invitation of President Maithripala Sirisena to save the country from econo

UPFA calls for Karu to step down

Views - 454 Friday, 16 November 2018 00:00

UPFA lawmakers yesterday called for Speaker Karu Jayasuriya to step down following a disastrous session in Parliament. Addressing a brief media conference in the Parliamentary complex, the UPFA lawmakers demanded the removal of Jayasuriya and made d

UNP backs Karu

Views - 432 Friday, 16 November 2018 00:00

United National Party (UNP) Parliamentarians yesterday stood by the Speaker and rejected all charges aimed at him for tabling the no confidence motion and accepting the decision of the House, insisting that he was working within his powers and discha

CB injects liquidity with rate change

Views - 1292 Thursday, 15 November 2018 01:06

The Central Bank yesterday reduced the Statutory Reserve Ratio (SRR) by 1.50 percentage points with the aim of injecting Rs. 90 billion into the market to spur growth and shrink the output gap, but raised the Standing Deposit Facility Rate (SDFR) an

JVP says NCM duly passed

Views - 237 Thursday, 15 November 2018 01:05

JVP Leader Anura Kumara Dissanayake defended the process by which the no confidence motion against Prime Minister Mahinda Rajapaksa and his Government was passed in Parliament yesterday, saying the due process was adopted by the House.

War of words between President and Speaker escalates

Views - 681 Thursday, 15 November 2018 01:04

President Maithripala Sirisena last night escalated a war of words with Speaker Karu Jayasuriya, accusing him of disregarding the Constitution, Standing Orders of Parliament and conventions of the House in allo

UNF no longer considers MR the Prime Minister

Views - 339 Thursday, 15 November 2018 01:04

United National Front (UNF) MP Patali Champika Ranawaka said that they would not let MP Mahinda Rajapaksa make any statement in the capacity of Prime Minister today in Parliament, pointing that he was ouste

Ceylinco Life’s 9-month net profit up 62% to Rs. 3.28 billion

Views - 75 Thursday, 15 November 2018 00:41

Ceylinco Life has carried its strong first half performance into the third quarter of the year, posting impressive top and bottom line growth for the nine months ending 30 September 2018. Sri Lanka’s life insurance market leader has reported profit

LB Finance records Rs 4.5 billion profit before tax in 1H 2018

Views - 103 Thursday, 15 November 2018 00:10

LB Finance PLC, Sri Lanka’s leading non-banking financial service provider, showcased a resounding growth for the first six months of the year as at end-September 2018, with Operating Profit Before Tax on

Business Today holds TOP 30 2017-2018 & Business Today

Views - 314 Thursday, 15 November 2018 00:10

Special Recognition Awards Business Today recognised the TOP 30 best performing corporates in Sri Lanka for 2017-2018 on Monday, reflecting the steady growth in a country transforming on many fronts. Having introduced the Business Today Passionate s

CB ready to meet $ 1.5 b debt repayments in Jan. and April

Views - 311 Thursday, 15 November 2018 00:01

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday assured multiple provisions were being made to raise money to meet 2019 debt repayments through a variety of borrowings, swaps and even a possible international sovereign bond.

Hayleys surpasses Rs. 100 b turnover in first half

Views - 663 Wednesday, 14 November 2018 00:00

Fuelled by topline growth across all of its key business segments, leading diversified conglomerate Hayleys Plc posted a 65% Year-on-Year (YoY) increase in turnover up to Rs. 103 billion for the six-month period ending 30 September 2018. The group po

ComBank weathers external challenges to post strong 9-month results

Views - 164 Wednesday, 14 November 2018 00:00

Sri Lanka’s benchmark private bank Commercial Bank of Ceylon Plc has demonstrated its resilience in adverse conditions, weathering the twin challenges of high taxes and impairment charges to post healthy growth in most key performance indicators at

Sampath Bank surpasses Rs.14 billion mark in pre-tax profit

Views - 199 Wednesday, 14 November 2018 00:00

Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first three quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in the corresponding period in the previous year. This is a significant achievement partic

Speaker convenes P’ment at 10 a.m. today in keeping with President’s gazette

Views - 676 Wednesday, 14 November 2018 00:00

By Our Parliament Correspondent Speaker Karu Jayasuriya summoned Parliament to meet at 10.00 a.m. today, hours after the Supreme Court stayed the gazette notification dissolving Parliament. Speaker... “Parliament shall convene at the Chamber of Par

MR supporters say stay order not final decision

Views - 495 Wednesday, 14 November 2018 00:00

Supporters of Prime Minister Mahinda Rajapaksa yesterday insisted that the stay order issued by the Supreme Court had not cancelled the dissolution of Parliament and they would decide whether to attend Parliament after a meeting this morning. Mahaja

Namal denies MR resignation; says will attend P’ment

Views - 463 Wednesday, 14 November 2018 00:00

Namal Rajapaksa labelled rumours circulating last night that Prime Minister and former President Mahinda Rajapaksa would resign as completely false. “We will all attend the Parliament. The decision by the Supreme Court is an interim order to consi

Ranil hails Supreme Court decision

Views - 901 Wednesday, 14 November 2018 00:00

Prime Minister Ranil Wickremesinghe yesterday hailed the Supreme Court decision to stay the gazette issued to dissolve Parliament as a victory for democracy, insisting that this was the first win in the battle to establish the sovereignty of the peop

Veterans return to lead state banks

Views - 2477 Wednesday, 14 November 2018 00:00

Three veterans have been appointed to lead three state banks following the appointment of Finance and Economic Affairs Minister Mahinda Rajapaksa who was also made the Prime Minister by President Maithripala Sirisena. Business leader Neil Umagiliya h

Today's Columnists

Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav

Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every

Coup Sri Lanka: some winners, mostly losers

Wednesday, 21 November 2018

As a president proves shockingly stubborn, a nation waits with baited breath as to what His Excellency the loose cannon on a rocky slope will do next. Two Prime Ministers and the fates of their respective parliamentary groups hang in the balance lik

Rising dollar and bank NPA, brothers in arms?

Wednesday, 21 November 2018

The rising Non-Performing Advances (NPA/NPAs) is a matter of concern to the entire financial industry. It is a nightmare. The weekend papers have published some articles based on interviews journalists conducted with respective bank CEOs and also bas

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