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List of 18 inmates on death row sent to Justice Ministry

Views - 251 Monday, 16 July 2018 01:19

The Prisons Commissioner has forwarded the list of 18 inmates on death row to the Justice Ministry as the Government looks to implement the death sentence on them.

Michelin buys Camso to tighten grip on specialty tire market

Views - 429 Monday, 16 July 2018 01:04

Michelin and Camso have reached an agreement whereby Michelin will acquire Camso, headquartered in Magog, Quebec, Canada, and whereby the two companies’ off-the-road (OTR) operations will be combined to form a new division to be managed from Quebec

UNFPA urges accurate sexuality education for youth

Views - 11 Monday, 16 July 2018 00:00

The United Nations Population Fund (UNFPA) last week highlighted the need for accurate sexual education as a priority for youth in Sri Lanka at the fifth Generation-to-Generation dialogue held at the BMICH.

Private sector urged to drive export development

Views - 135 Monday, 16 July 2018 00:00

In a profound evaluation of the export industry of Sri Lanka, the Ceylon Chamber of Commerce (CCC) Chairman Rajendra Theagarajah called on the private sector to drive the export development, insisting to keep Government only to formulate favourable p

Agriculture requires Govt. to re-engage private sector to grow

Views - 180 Monday, 16 July 2018 00:00

Green Space Consultancies’(GSC) latest report, ‘Understanding Farmer Perspectives on Proposed Tobacco Growing Ban and Opportunity to Diversify’, underscores some of the deficiencies in Sri Lanka’s agriculture policy; a country which for centu

Sri Lanka women shine at EY Entrepreneurial Winning Women Conference

Views - 336 Monday, 16 July 2018 00:00

Sandra Wanduragala, Founder Chairman of Selyn Sri Lanka and Lakmini Wijesundera Co-founder and CEO of Iron One Technologies Ltd. and BoardPAC represented Sri Lanka at the EY Entrepreneurial Winning Women (EY WW) Asia-Pacific and Japan Conference 2018

Mangala raps Mahinda

Views - 1625 Saturday, 14 July 2018 00:25

Finance Minister Mangala Samaraweera yesterday levelled a scathing criticism against former President Mahinda Rajapaksa for misleading the public on the new fuel price formula, claiming his conduct was “unbecoming of a senior politician of the coun

Sri-Lanka and Thailand to boost trade and technical cooperation

Views - 247 Saturday, 14 July 2018 00:10

Sri Lanka and Thailand sighed four agreements this week during the two-day official visit to Sri Lanka by Thai Prime Minister General Prayut Chan-o-cha, aimed at developing economic partnership and technical cooperation between the two countries.

Ayurveda Expo 2018 opens creating platform for indigenous sector

Views - 302 Saturday, 14 July 2018 00:00

The three-day Ayurveda Expo 2018 opened yesterday at the BMICH creating a platform for the indigenous sector. The seventh edition of the show is open fro

Colombo stock market extends gains to 2-week closing high

Views - 127 Saturday, 14 July 2018 00:00

Reuters: Shares rose for a fourth straight session on Friday and posted their highest close in two weeks as investors bought banking and diversified stocks, stockbrokers said. But a lack of supportive news amid concerns over political uncertainty cap

Rupee ends weaker on importer dollar demand

Views - 121 Saturday, 14 July 2018 00:00

Reuters: The rupee closed weaker on Friday as importer dollar demand surpassed mild selling of the US currency by exporters, traders said. The rupee closed at 159.

Migration to Australia hits decade low

Views - 492 Saturday, 14 July 2018 00:00

Sydney (Reuters): The number of permanent migrants to Australia has hit a 10-year low, thanks to tougher scrutiny of claims, home minister Peter Dutton said on Friday, as the Government tries to soothe angry conservative voters who threaten its re-el

Suicide bomber kills 85 in attack on Pakistani election rally

Views - 52 Saturday, 14 July 2018 00:00

QUETTA, Pakistan (Reuters) - A suicide bomber killed 85 people at an election rally in southwestern Pakistan in the second election-related attack on Friday, officials said, amid growing tensions over ousted prime

Official says UL awarded advertisement contracts without due diligence

Views - 320 Saturday, 14 July 2018 00:00

SriLankan Airlines awarded advertisement contracts without rigour or diligence, a top official from the national carrier on Thursday told the Presidential Council of Inquiry (PCoI) appointed to probe allegations of fraud and misconduct at SriLankan A

LRT feasibility study gets Cabinet green-light

Views - 705 Saturday, 14 July 2018 00:00

The Cabinet has given the go ahead for a proposal to sign a loan agreement amounting to Japanese Yen 206,106 million with Japan to fund the Light Rail Projects (LRT) from Colombo Fort to Battaramulla and Malabe, while approving the two feasibility st

Big boys link up with micro to boost agribusiness under Grama Shakthi

Views - 362 Friday, 13 July 2018 00:15

Several big private sector companies have partnered village level micro enterprises to boost agribusiness under the Government-promoted Grama Shakthi People’s Movement.

JIT Solutions Day 2018 highlights disruptive technology as way forward

Views - 223 Friday, 13 July 2018 00:00

A leading systems integrator in Sri Lanka, Just In Time Group (JIT) held its annual Solutions Day recently while highlighting

SL-S’pore FTA signals country moving to new era in international trade, investment: Malik

Views - 154 Friday, 13 July 2018 00:00

The signing of the Singapore-Sri Lanka Free Trade Agreement between Singapore and Sri Lanka in January this year has unlocked a new era for both our countries.

SL’s development agenda now focusing on achieving SDGs: Karu

Views - 131 Friday, 13 July 2018 00:00

At the first South Asian Speakers’ Summit in Dhaka, we pledged to come together as a region to tap into our potential

Govt. told foreign investors seek policy consistency, stability

Views - 777 Friday, 13 July 2018 00:00

As Sri Lanka looks to position itself as an attractive foreign direct investment (FDI) and trade destination in its pursuit

CICT says Rs. 19.4 m donation to Pushpa Rajapaksa Foundation was a CSR commitment

Views - 251 Friday, 13 July 2018 00:00

Colombo International Container Terminals Ltd. (CICT) in a statement yesterday reiterated that its payment of Rs. 19,410,000

Monopoly in film distribution: DC extends enjoining order against Film Corp.

Views - 136 Friday, 13 July 2018 00:00

The Colombo District Court yesterday extended its interim order, against the decision allowing the National Film Corporation to distribute films, to 25 July.

WB approves $ 200 m loan to improve primary healthcare services

Views - 218 Friday, 13 July 2018 00:00

Washington: The World Bank Board of Directors today approved a $200 million loan to help increase the use and the quality of Sri Lanka’s primary healthcare services.

Thai PM arrives

Views - 75 Friday, 13 July 2018 00:00

Thai Prime Minister Prayut Chan-o-cha yesterday arrived for a twoday visit and was welcomed by Prime Minister Ranil Wickremesinghe at the Bandaranaike International Airport. Labour and Trade Unions Minister Ravindra Samaraweera and Provincial Council

Private sector film industry cries foul over NFC distribution move

Views - 412 Thursday, 12 July 2018 01:08

By Charumini de Silva Disgruntled private sector film industry stakeholders yesterday claimed that the recent decision to take over the distribution of films to the National Film Corporation (NFC) was unfair, insisting it was contrary to the market l

Fixed CESS rate of Rs. 10 per kg for tea

Views - 358 Thursday, 12 July 2018 01:07

Cabinet this week approved to impose a fixed CESS rate of Rs. 10 per kg of tea exported, Cabinet co-spokesperson Gayantha Karunathilaka told the Cabinet yesterday. At present, tea exporters pay either Rs. 20 per kg, considered highest in the market,

NEC stresses on need for sensible tax policy on imports and exports

Views - 236 Thursday, 12 July 2018 01:07

The National Economic Council (NEC) has stressed on the need for a sensible tax policy on imports and exports. At its meeting on Monday, the NEC chaired by President Maithripala Sirisena has paid attention to situations where the retail price is sig

Tri-forces given police powers to tackle drug related offences

Views - 206 Thursday, 12 July 2018 01:07

In a bid to deal with the escalating level of drug related violence, the Cabinet this week gave approval to draw up relevant legislation to grant the Tri-forces police powers, for a period of two years, to assist the police. A joint Cabinet paper sub

Third Intl. airport for SL in Trinco Master Plan

Views - 3358 Thursday, 12 July 2018 01:07

By Skandha Gunasekara The proposed Trincomalee Master Plan project includes a third international airport for Sri Lanka as well as an international cricket stadium. The Master Plan envisions a massive development drive for the Trincomalee District an

Lakdhanavi responds to Daily FT article over Kerawalapitiya LNG deal

Views - 558 Thursday, 12 July 2018 01:06

With reference to the Daily FT article on Tuesday titled ‘More bidders cry foul over tender process for second Kerawalapitiya LNG power plant,’ Lakdhanavi Ltd. has sent the following statement: The above article that appeared on the front page of

Today's Columnists

No other country can better understand the preciousness of free trade than SL

Thursday, 19 July 2018

The year 2018 marks the 40th anniversary of China’s reform and opening-up and also the 17th anniversary of China’ accession to the World Trade Organization (WTO). In 2001, China acceded to the WTO, which marked a new historic stage of reform and

Development of national housing and Employees’ Provident Fund

Thursday, 19 July 2018

‘Singapore’ has become a buzzword in the media circles today. Media speak is centred round many issues. Extradition of the fugitive Central Bank Governor appointed to the post on a recommendation by our PM, now missing and reportedly taken refuge

Sri Lanka stepping up its pursuit of trade-led growth

Wednesday, 18 July 2018

“We were a trading nation since the era of ancient kings,” Prime Minister Ranil Wickremesinghe reminded Parliament

To hang or not to hang!

Tuesday, 17 July 2018

President Maithripala Sirisena dropped a bombshell out of the blues last week, sans all ‘maître’ (loving-kindness) when he launched a coup de main on drug offenders. He threatened to use his powers to place his signature to execute the death sen

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