Front Page,TOP STORY

Milestone marks from Mangala

Views - 1142 Wednesday, 23 May 2018 00:00

Marking his first year, Finance Minister Mangala Samaraweera yesterday assured that the macroeconomic stabilisation


Treasury releases sufficient funds for flood victims

Views - 104 Wednesday, 23 May 2018 00:00

Finance Ministry Secretary Dr. R.H.S Samaratunga yesterday confirmed that the Treasury had released sufficient funds


Brown’s goes for Rs. 7.1 b Rights Issue

Views - 400 Wednesday, 23 May 2018 00:00

Brown and Company Plc has announced a Rights Issue to raise Rs. 7.1 billion to settle debt.


3 professionals appointed to Insurance Regulatory Commission

Views - 534 Wednesday, 23 May 2018 00:00

Three senior professionals have been appointed to the Insurance Regulatory Commission of Sri Lanka (IRCSL) by Minister


IRD opens 46,000 new tax files in April

Views - 211 Wednesday, 23 May 2018 00:00

Finance Minister Mangala Samaraweera yesterday said that a record number of 46,000 new tax files were opened at the Inland Revenue Department (IRD) last month.


Hayleys first listed firm to cross $1b turnover

Views - 2478 Tuesday, 22 May 2018 00:08

Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate Hayleys PLC announced a record breaking top-line performance, as revenue expanded by 47% Year-on-Year to Rs. 163.2 billion dur


Economic sentiment at post-war low: Survey

Views - 561 Tuesday, 22 May 2018 00:07

The latest LMD-Nielsen Business Confidence Index (BCI) survey suggests that the downward trend in economic optimism has continued to reach a post-war low in April. Of the corporate executives polled, only 5% expect an improvement in economic conditio


Teejay Lanka doubles capacity of India plant with $15 m expansion

Views - 575 Tuesday, 22 May 2018 00:06

Teejay Lanka, one of the region’s largest textile manufacturers, has announced a doubling of capacity of its Indian mill, following the completion of an expansion project involving an investment of $ 15 million (more than Rs. 2.3 billion at current


Silicon Valley startup peddles 3D-printed bike

Views - 391 Tuesday, 22 May 2018 00:05

Reuters: After a career that included helping Alphabet Inc’s Google build out data centers and speeding packages for Amazon.com Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more


Nivard claims Govt. borrowed high and invested low

Views - 243 Tuesday, 22 May 2018 00:02

Former Central Bank Governor Nivard Cabraal yesterday charged that the Yahapalana regime has borrowed high (6.2%) since election and invested low (2.2%) resulting in an interest gap of 4% on an average reserve of around $ 7 billion. “It is clear t


April inflation drops to 1.6%

Views - 188 Tuesday, 22 May 2018 00:02

Year on year inflation declined to 1.6% from 2.8% in March 2018, which is the lowest since February 2016, the Census and Statistics Department said yesterday (21 may).


Less than 500 days

Views - 193 Tuesday, 22 May 2018 00:00

There are only less than 500 more days before our little finger is once again daubed in indelible ink. Not all of us will be there to cast our vote unfortunately; 2017 estimated statistics show that annually our death rate is 6.2 deaths per 1,000. Th


Tea Board steps up protection for Pure Ceylon Tea quality

Views - 417 Tuesday, 22 May 2018 00:00

By Charumini de Silva Sri Lanka Tea Board (SLTB) confirmed yesterday that it will introduce a new foolproof method to ensure the quality of Ceylon Tea for the world market which includes a baseline and a validation of the test to detect sugar adulter


CICT adjudged Best Container Terminal in Asia for second successive year

Views - 334 Tuesday, 22 May 2018 00:00

The CMPort managed Colombo International Container Terminal (CICT) was adjudged the Best Container Terminal in Asia in the Under 4 million TEUs category at the respected Asian Freight, Logistics and Supply Chain (AFLAS) Awards, bringing pride to Sri


National interest in front and centre when negotiating FTAs: Malik

Views - 544 Monday, 21 May 2018 00:42

Dismissing criticism, Development Strategies and International Trade Minister Malik Samarawickrama last week emphasised that the Government had put national interest “front and centre” when negotiating Free Trade Agreements.


ETI Finance depositors to be paid from 5 June: CB

Views - 782 Monday, 21 May 2018 00:41

The Central Bank said yesterday that depositors of troubled ETI Finance Ltd. (ETIFL) would be paid in a phased-out manner starting from 5 June 2018.


Rajapaksas in untiring effort to throw country again into Vipath Maga: Mangala

Views - 242 Monday, 21 May 2018 00:40

Former President and Kurunegala District MP, Mahinda Rajapaksa who is responsible for ruining this country by allowing his family relatives and cronies to plunder the country’s economy and, his siblings, former defence secretary Gotabaya Rajapaksa


Johann, Arjuna appointed to SriLankan Airlines Board

Views - 1998 Monday, 21 May 2018 00:40

Top professionals Johann Wijesinghe and Prof. Arjuna de Silva have been appointed to the SriLankan Airlines Board of Directors.


SLAITO stresses on need for automated immigration processes at BIA

Views - 415 Monday, 21 May 2018 00:39

Stressing on the need for better management of systems and processes at the Katunayake Bandaranaike International Airport, Sri Lanka Association of Inbound Tour Operators (SLAITO) President Harith Perera said Sri Lanka should move faster in adopting


$453 m from ADB for Mahaweli Water Security Investment Program

Views - 174 Monday, 21 May 2018 00:37

The Government yesterday entered into a loan agreement with the Asian Development Bank (ADB) to obtain $210 million to fund the Mahaweli Water Security Investment Program as part of a larger $675 million project.


Sri Lanka world’s sixth best performing wealth market

Views - 970 Monday, 21 May 2018 00:35

Sri Lanka has been ranked as the sixth best performing wealth market for 2016-2017 in the world by a specialist firm, the AfrAsia Bank, in its Global Wealth Migration Review.


The consequences of failure to deduct Withholding Tax from service providers

Views - 847 Monday, 21 May 2018 00:21

The new Inland Revenue Act No 24 of 2017 requires persons who are engaged in a business to deduct 5% as withholding tax when making payments to resident individual service providers.


Jim Bagnola shares mantra for transformative leadership

Views - 208 Monday, 21 May 2018 00:10

Sri Lanka’s first integrated entrepreneurship platform, Venture Frontier Lanka, in association with the Daily FT and Ovibees Ventures, recently held a CEO’s Breakfast Forum on ‘Transforming Sri Lanka with private sector leadership and entrepren


FTA talks with Thailand in July

Views - 50 Monday, 21 May 2018 00:00

Bilateral talks for a Free Trade Agreement (FTA) with Thailand are likely in July this year, Minister Malik Samarawickrama disclosed.


IMF welcomes fuel pricing mechanism

Views - 252 Saturday, 19 May 2018 00:16

Washington, DC: The International Monetary Fund (IMF) says Sri Lanka’s automatic fuel pricing mechanism marks a major step toward completing the energy pricing reforms and would benefit the country and the economy.


No job losses from FTAs: PM

Views - 909 Saturday, 19 May 2018 00:15

Prime Minister Ranil Wickremesinghe, yesterday, assured that no professionals would lose their jobs as a result of any Free Trade Agreements (FTAs) signed by the Government, and if problems are presented, officials would engage to resolve them.


CIA gets its first-ever female boss

Views - 219 Saturday, 19 May 2018 00:01

Washington (Reuters): The US Senate confirmed Gina Haspel on Thursday to be director of the CIA, ending a bruising confirmation fight centred on her ties to the spy agency’s past use of waterboarding and other brutal interrogation techniques.


CSE hits 2-week closing high in thin trade

Views - 60 Saturday, 19 May 2018 00:00

Reuters: Sri Lankan shares rose to a two-week closing high yesterday, led by diversified and banking stocks, but trading was thin as investors waited for more clarity on the political and economic front.


Rupee rises on exporter dollar sales

Views - 183 Saturday, 19 May 2018 00:00

Reuters: The Sri Lankan rupee gained further yesterday due to dollar-selling by exporters and a state bank, days after the Central Bank said underlying fundamentals do not warrant the current downward pressure on the currency.


Immigration officers call off work-to-rule union action

Views - 74 Saturday, 19 May 2018 00:00

Following a written commitment from the Government to adhere to three demands, the Sri Lanka Immigration and Emigration Officers’ Association (SLIEOA) yesterday called off its work-to-rule union action at all the airports and ports of the country.


Today's Columnists

Wonder Woman

Saturday, 26 May 2018

Tell me about yourself – what you do, your family, your career and so on


Separatist threat arising from indifference to environmental concerns

Saturday, 26 May 2018

The 100-day agitation against a major copper smelting plant at Thoothukudi in Tamil Nadu, which led to 13 deaths in police firing earlier this week, has brought into the open the many-faceted dangers of ignoring environmental issues.


A dilemma ?

Saturday, 26 May 2018

“Everything is abnormal in our society… nobody knows how to act-not only in the most difficult situations, but even in the simplest”


It is possible to amend Muslim Marriage Law: Ash Sheik Muneer Malaffer (Naleemi)

Friday, 25 May 2018

I have written two articles heavily criticising the parties supposedly spearheaded the attacks against Muslims


Columnists More