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Taiwan approves same-sex marriage in first for Asia

Views - 183 Saturday, 18 May 2019 00:00

TAIPEI (AFP0: Taiwan’s Parliament legalised same-sex marriage on Friday in a landmark first for Asia as the Government survived a last-minute attempt by conservatives to pass watered-down legislation. Lawmakers comfortably passed a bill allowing s

Ten years after War’s end, Sri Lankan Tamils may never get back land

Views - 625 Saturday, 18 May 2019 00:00

BANGKOK (Thomson Reuters Foundation): Government forces may never return swathes of land taken from ethnic Tamils during a decades-long Civil War, land and human rights experts said on Friday, further impoverishing tens of thousands uprooted in the b

Amended Bill to regulate madrasas to be presented to Cabinet: PM

Views - 492 Saturday, 18 May 2019 00:00

An amended version of the Madrasa Education Regulatory Bill to regulate madrasas will be presented to Cabinet following discussions with the Attorney General’s Department and the Muslim Af

Army Chief assures Intelligence officer Bulathwatte will not intimidate witnesses of Noyahr case

Views - 877 Saturday, 18 May 2019 00:00

Army Commander Lt. Gen. Mahesh Senanayake on Thursday assured that Maj. Prabath Bulathwatte, the main suspect in the abduction of journalist Keith Noyahr, who has been reinstated to active service will not intimidate or harass the witnesses who testi

US renews support to Sri Lanka in fight against terrorism

Views - 199 Saturday, 18 May 2019 00:00

The United States has renewed its support to Sri Lanka in its fight against terrorism in the aftermath of the Easter Sunday terror attacks. US Secretary Michael R. Pompeo who met with Sri Lankan Foreign Minister Tilak Marapana on Thursday in Washing

IMF keeps Sri Lanka’s growth unchanged at 3.5% despite attacks

Views - 556 Friday, 17 May 2019 00:20

The International Monetary Fund (IMF) yesterday said it was keeping Sri Lanka’s growth projection of 3.5% unchanged despite the Easter Sunday attacks, and did not see any fresh risks for debt repayments, but called on the Government to continue ref

Attacks on Muslims by organised mobs: Army Chief

Views - 4720 Friday, 17 May 2019 00:16

Army Commander Lt. General Mahesh Senanayake yesterday said anti-communal violence carried out in at least three districts this week was perpetrated by well-organised groups. Speaking to reporters on Thursday, he denied allegations that the military

Banks, tourism industries reach consensus

Views - 736 Friday, 17 May 2019 00:14

The tourism and banking industries yesterday reached consensus over the much-needed relief package at a meeting chaired by the Finance Ministry. The banks agreed that they will do away with “case by case” basis approach in deciding the one-year

Kishu tasked with overall tourism recovery effort: John

Views - 568 Friday, 17 May 2019 00:12

Minister of Tourism Development, Wildlife and Christian Religious Affairs John Amaratunga said yesterday that the reason behind the recent changes at Sri Lanka Tourism is for Kishu Gomes to be able to devote his full time to re-build the battered tou

Galadari Hotel starts $ 15 m refurbishment

Views - 1430 Friday, 17 May 2019 00:10

Looking at opportunities through the crisis period, Galadari Hotel is investing a total of $ 15 million to refurbish its property completely by 2021. It is the first time the hotel is undergoing a refurbishment since its opening in 1986. “We are ma

EU condemns communal violence, urges action

Views - 115 Friday, 17 May 2019 00:08

The Delegation of the European Union yesterday condemned recent communal violence in Sri Lanka and called for urgent action to ensure rule of law. Following is the statement issued by the Delegation of the European Union (EU) in agreement with the E

Teejay ends positive 2018-19 with 6th straight quarter of profit growth

Views - 213 Friday, 17 May 2019 00:00

Sri Lanka’s multinational textile manufacturer Teejay Lanka PLC has ended FY 2018-19 on an impressive note, with consistent sales and profit gains of the preceding months bolstered by robust growth in the final quarter, the Group’s sixth consecut

Marriott Hotels optimistic of successful operations in SL

Views - 476 Friday, 17 May 2019 00:00

Weligama Bay Marriott Resort and Spa, an iconic brand of Marriott International, proudly celebrates its second anniversary on 20 July this year. Located along the southern coastal belt of Sri Lanka, the resort has become an icon that embodies a blend

Manufacturing drops to all-time low in April

Views - 589 Thursday, 16 May 2019 00:20

Manufacturing activities contracted, recording the all-time low index value of 41.0 in April 2019 with a decline of 25.9 index points from March 2019, the Central Bank said yesterday. The decline of manufacturing PMI is mainly driven by the signific

London Stock Exchange Group signs MoU with Colombo Stock Exchange

Views - 767 Thursday, 16 May 2019 00:15

London Stock Exchange Group (LSEG) yesterday announced the signing of a landmark Memorandum of Understanding (MoU) with the Colombo Stock Exchange (CSE) to facilitate further collaboration between

Global tourism boss calls on world community to visit Sri Lanka as unwavering support

Views - 5016 Thursday, 16 May 2019 00:13

The United Nations World Tourism Organisation (UNWTO) Secretary General Zurab Pololikashvili has called on the global community to offer its unwavering support to Sri Lanka through Tourism at this

Sampath Bank’s net interest income up by 23% in Q1 2019 despite challenging economic conditions

Views - 357 Thursday, 16 May 2019 00:10

Sampath Bank reported a net interest income of Rs. 10.2 billion for Q1 2019, reflecting a noteworthy growth of 23.2% over the figure reported in Q1 2018, a significant achievement given the challenging economic conditions that prevailed throughout th

Hotels, airlines finalise special offers to woo tourists

Views - 4042 Thursday, 16 May 2019 00:03

Hotels and airlines yesterday held another round of discussions to finalise special offers to woo tourists as part of industry revival efforts following the aftermath of the Easter Sunday terror attacks. A host of offers were shared and discussed, a

UNP UC Chairman calls for Ranil to step down

Views - 4628 Thursday, 16 May 2019 00:02

Weligama Urban Council Chairman Rehan Wijeratne has pledged his support to UNP Deputy Leader Sajith Premadasa, demanding that the Hambantota District MP be allowed to take over as party leader and become the UNP’s candidate at the 2020 election. 

CICT invests $ 1.5 m to open Sri Lanka’s only Dangerous Goods Storage Facility

Views - 414 Thursday, 16 May 2019 00:00

Sri Lanka’s first, and South Asia’s most advanced, Dangerous Goods Storage Facility (DGSF) was commissioned on Friday, 10 May, at the Colombo International Container Terminal (CICT) equipping the Port of Colombo with a sophisticated storage yard

Suranjith Swaris elected SLIM President for 2019/2020

Views - 215 Thursday, 16 May 2019 00:00

The Sri Lanka Institute of Marketing (SLIM) elected Suranjith Swaris as its 41st President for the year 2019/20, along with a new Council of Management and Executive Committee at its 49th Annual General Meeting, held on 29 March at the Galle Face Hot

Clergy point to invisible hand with political motives behind violence

Views - 1015 Wednesday, 15 May 2019 03:30

Archbishop of Colombo Malcolm Cardinal Ranjith and Ven. Ittapane Dhammalankara Maha Nayaka Thera yesterday alleged that an invisible hand with political motives is behind the violence in the North-Western Province and in Minuwangoda.

Mobs destroy SL’s largest pasta factory

Views - 26495 Wednesday, 15 May 2019 03:21

Sri Lanka’s largest pasta manufacturing facility, Diamond Pasta Limited, which is located in Minuwangoda, was destroyed during the violence on Monday night. Speaking to the Daily FT, the company’s management stated that though Police was called

IMF program back on track

Views - 181 Wednesday, 15 May 2019 03:19

The Executive Board of the International Monetary Fund (IMF) has approved the resumption of the $1.5 billion Extended Fund Facility (EFF) and the extension of the program by one year. Releasing a statement the IMF said the program will run until 2 Ju

UN concerned over communal violence; calls for urgent action

Views - 207 Wednesday, 15 May 2019 03:18

The United Nations in Sri Lanka in a statement yesterday said it was concerned about emerging incidents of communal violence and tension in the aftermath of the Easter Sunday terrorist attacks. The United Nations called on the Government and the sec

ComBank deposits surpass landmark Rs. 1 t in Q1 2019

Views - 709 Wednesday, 15 May 2019 03:17

The Commercial Bank Group, comprising of the Commercial Bank of Ceylon PLC, its subsidiaries and associates, has reported gross income of Rs. 35.501 billion for the three months ended March 2019, an improvement of 12.86% over the first quarter of 201

DFCC maintains profitability under volatile market conditions

Views - 173 Wednesday, 15 May 2019 02:50

DFCC Bank said yesterday its core business posted a profit before tax of Rs. 1,585 million and profit after tax of Rs. 1,124 million for the quarter ended 31 March compared to profit before tax of Rs. 1,243 million and profit after tax of Rs. 1,034 m

NDB ups 1Q pre-tax profit by 9% to Rs. 3 b

Views - 178 Wednesday, 15 May 2019 02:43

The National Development Bank PLC said yesterday it has recorded a pre-tax profit of Rs, 3 billion for Q1 2019 ended 31 March, a growth of 9% over Q1 2018. The bank’s profit after tax of Rs. 1.4 billion was however, a 12% decline over Rs. 1.6 bill

Kishu sheds Tourism Development role to focus fully on promotion

Views - 713 Wednesday, 15 May 2019 02:11

Kishu Gomes is to step down as the Chairman of Sri Lanka Tourism Development Authority (SLTDA) in order to fully focus on re-building Sri Lanka’s tourism brand in his role as the Chairman of Sri Lanka Tourism Promotion Board (SLTPB). Gomes has been

Banking on tourism revival

Views - 1100 Tuesday, 14 May 2019 00:22

A more convinced and supportive effort by banks to help Easter Sunday terror attacks battered travel and tourism industry is likely following a top-level progressive meeting yesterday chaired by Finance Minister Mangala Samaraweera. Given the seriou

Today's Columnists

A case for reviewing plantation management

Thursday, 23 May 2019

Last week, I elaborated on ‘Going Beyond Agronomic Research for Plantation Reform’ with the aim of beginning a conversation on the importance of non-agronomic research to understand the many problematic areas that plague the plantation sector, in

How are we doing in e-government?

Thursday, 23 May 2019

It is customary to assess some aspect of the performance of a country using a composite index such as the Ease of Doing Business Index or the Network Readiness Index. For government services, there is the e-Government Development Index (EGDI), issued

National introspection in the aftermath

Thursday, 23 May 2019

“The immediate task for the Government is to guaranty the safety and security of all innocent Muslims and prevent a recurrence of 1983 … One cannot eradicate one evil with another” – Anatomy of an Islamist Infamy (III), CT, 9 May. In this, th

Dhammika Perera an anti-establishment candidate

Thursday, 23 May 2019

During the holy Vesak weekend the phones were buzzing all over Sri Lanka over a story that appeared on a web page. The story said that Prime Minister Ranil Wickremesinghe had met with business tycoon Dhammika Perera whose business empire contribute

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