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Determined Ranil to build pro-democracy coalition

Views - 817 Tuesday, 13 November 2018 01:08

Prime Minister Ranil Wickremesinghe yesterday pledged to build a broad coalition against what he described as a return to authoritarianism and to continue the battle to restore democracy, transparency and institutional independence in Sri Lanka.

Rupee hits record low of 175.90 on political uncertainty

Views - 328 Tuesday, 13 November 2018 01:07

Reuters: The Sri Lankan rupee fell to a record low on Monday, as political uncertainty triggered by President Maithripala Sirisena’s decision to sack Parliament weighed on sentiment, in line with bonds, market sources said.

Amidst gloomy politics JKH gives cheer with Rs. 11.1 b share buyback

Views - 1060 Tuesday, 13 November 2018 01:07

Amidst gloomy politics in the country, the premier blue chip John Keells Holdings (JKH) yesterday brightened the investor community outlook with a Rs. 11.1 billion share buyback move. It said the Board resolved to

SLFP calm over MP losses to SLPP

Views - 1493 Tuesday, 13 November 2018 01:06

The Sri Lanka Freedom Party (SLFP) remained unperturbed by the spate of members leaving its ranks to join the Sri Lanka Podujana Peramuna (SLPP) yesterday, insisting that its main goal was winning a Parliamen

Speaker calls on citizens to defend Constitution

Views - 261 Tuesday, 13 November 2018 00:48

The leaders of several political parties represented in Parliament have informed me that they will be challenging the purported dissolution of Parliament in the Supreme Court. Since the President has prevented Parliament from ruling on the legitimacy

Sri Lanka’s ousted Premier ready for polls as legal action planned

Views - 340 Tuesday, 13 November 2018 00:37

Bloomberg: Sri Lanka’s ousted Prime Minister Ranil Wickremesinghe is ready for polls after President Maithripala Sirisena dissolved the island nation’s Parliament and called for a snap general election. “We are prepared to go for an election, b

The economy’s call for middle class as kingmakers

Views - 185 Tuesday, 13 November 2018 00:29

The current political situation has brought to centre-stage what we already knew – the calibre of our lawmakers in the Parliament. The crossovers and reverse crossovers for personal benefit is the hallmark of all political parties barring none. Th

President’s undemocratic and unconstitutional moves

Views - 119 Tuesday, 13 November 2018 00:15

By Dr. S. I. Keethaponcalan Believing that he could win a third term as President, Mahinda Rajapaksa scheduled the Presidential election for January 2015. After some time, it became clear that Ranil Wickremesinghe will not be conte

President defends dissolution

Views - 410 Monday, 12 November 2018 01:12

Fears of widespread violence, concerns over price tags being placed on elected representatives and the conduct of Speaker Karu Jayasuriya prompted the sudden dissolution of Parliament, President Maithripala Sirisena revealed yesterday while defending

UN Chief concerned over decision to dissolve Parliament

Views - 192 Monday, 12 November 2018 01:10

The Secretary-General of the United Nations António Guterres has expressed concern over the sudden decision by President Maithripala Sirisena to dissolve the Parliament, Deputy Spokesman for the Secretary-General Farhan Haq said. A statement attrib

MR takes SLPP membership

Views - 329 Monday, 12 November 2018 01:10

By Nuwan Senarathna Prime Minister Mahinda Rajapaksa yesterday formally left the Sri Lanka Freedom Party (SLFP) and joined the Sri Lanka Podujana Peramuna (SLPP) to contest a likely General Election, which is scheduled to be held on 5 January 2019.

Expolanka continues on strong growth track with Q2 performance

Views - 156 Monday, 12 November 2018 01:08

A focus on its fundamental logistics business has enabled Expolanka Holdings PLC to post promising growth for the second quarter of 2018, with a Year on Year (YOY) revenue growth of 15%. This quarter saw Expolanka record an impressive 617% YoY growth

Worldwide condemnation of dissolution move in Sri Lanka

Views - 631 Monday, 12 November 2018 01:08

Colombo (Reuters); Sri Lanka President Maithripala Sirisena’s decision to dissolve Parliament, worsening an already major political crisis, has drawn criticism from Western powers, including the United States and the European Union. Sirisena dissol

Softlogic to launch truly global modern trade retail experience on Friday

Views - 638 Monday, 12 November 2018 01:07

Further entrenching its credentials as one of Sri Lanka’s most valued and largest diversified entities, Softlogic Holdings Plc has announced its foray into FMCG Modern Trade Retail with the launch of a truly global market experience in Delkanda, a

Largest but voiceless minority plead at ‘Court of last resort’

Views - 537 Monday, 12 November 2018 00:00

By a Special Correspondent Fervent accessibility rights activist Dr. Ajith C. S. Perera, Hony. Chief Executive of IDIRIYA, has moved the Court to re-activate invocation of a Fundamental Rights Public Interest Litigation of utmost importance to Sri La

SL must invest in education, research and digital infrastructure to embrace AI, says expert

Views - 139 Monday, 12 November 2018 00:00

By Charumini de Silva Sri Lanka should pursue in investing on fundamentals of education, research and digital infrastructure to capitaliseon Artificial Intelligence (AI) to revolutionise industries, a top machine learning consultant opined. Addressin

Economic sentiment improves slightly: Survey

Views - 319 Saturday, 10 November 2018 01:11

Sentiment surrounding the economy witnessed a marginal uptick in October, according to the latest LMD-Nielsen Business Confidence (BCI) poll. The survey reveals that eight percent of corporate respondents expect the economy to improve over the next 1

Bandula backtracks on FTAs

Views - 1196 Saturday, 10 November 2018 01:10

Going back on his earlier rhetoric, International Trade and Investment Promotions Minister Bandula Gunawardana yesterday ruled out revoking any signed free trade deals or stopping ongoing negotiations with trade partners, including India and China, i

Mix of local and global policies for development: Yapa

Views - 138 Saturday, 10 November 2018 01:09

The Sirisena-Rajapaksa Cabinet will focus on policies embracing a mix of promoting local producers but also aligning with global economic trends, State Minister of Finance Anura Priyadharshana Yapa said yesterday when he assumed duties. The State Mi

Rupee falls on uncertainty amid foreign outflow; stocks up

Views - 405 Saturday, 10 November 2018 01:08

Reuters: The rupee fell in dull trade on Friday as outflows from Government securities and stocks due to political uncertainty raised dollar demand. Stocks snapped four straight sessions of declines, but political uncertainty continued to weigh on in

President takes over police with fresh Gazette

Views - 261 Saturday, 10 November 2018 01:08

President Maithripala Sirisena has issued a new Gazette bringing the Police, which was earlier under a separate Ministry, under his purview and coalescing a slew of new departments, institutions and State corporations under the Finance Ministry. T

Fresh Cabinet appointments

Views - 184 Saturday, 10 November 2018 01:08

In the latest round of Cabinet appointments, United Nat

Industrial index slows by 0.7% in Sept.

Views - 38 Saturday, 10 November 2018 01:07

The Index of Industrial Production (IIP) for the month of September has decreased by 0.7% compared to the same month in 2017, the Census and Statistics Department said yesterday. IIP reported for the month of September 2018 and 2017 were 106.9 and

New program to resolve gem industry issues

Views - 94 Saturday, 10 November 2018 01:07

President Maithripala Sirisena has said a special program will be implemented to resolve the issues of the gem and jewellery industry, including illegal mining, trade of fake gem stones and issuing mining licenses, the President’s Media Unit said y

No impact on Tourism Industry: Vasantha

Views - 36 Saturday, 10 November 2018 00:10

Newly appointed Deputy Minister of Tourism Vasantha Senanayake yesterday said that the Government has been working to get the adverse travel advisories issued by a number of western countries revised, insisting the country’s current political insta

Willing to work with Sirisena, Ranil says in interview with The Hindu

Views - 243 Friday, 9 November 2018 00:00

The Hindu: Sri Lankan Prime Minister Ranil Wickremesinghe said he was willing to work with President Maithripala Sirisena, who abruptly sacked him on 26 October, if given a chance to prove his majority in Parliament. Caught in an unprecedented power

Tax Appeals Commission revived

Views - 227 Friday, 9 November 2018 00:00

Finance Minister reappoints commissioners, 264 appeals pending before TAC The previously-inactive Tax Appeals Commission (TAC) has now been revived with the reappointment of Justice Hector Yapa as Chairman and Justice Sunil Rajapaksa and S. Swarnajot

Political rally brings chaos to Colombo streets

Views - 725 Friday, 9 November 2018 00:00

AFP: A rally of hundreds of cars carrying supporters of Sri Lanka’s deposed Prime Minister brought chaos to Colombo streets on Thursday as they demanded that Parliament be reopened. A noisy cavalcade of motorcycles, auto-rickshaws, cars and vans t

Tourist arrivals struggle in October

Views - 585 Friday, 9 November 2018 00:00

0.5% gain in October; Cumulative arrivals up 10.6% to over 1.8 m India, China, UK continue as top sourcing markets Asia and Pacific largest source of tourist traffic to SL with 47% of total received By Charumini de Silva Trouble for the tourism in

Two new Cabinet Ministers and five new State Ministers sworn in

Views - 285 Friday, 9 November 2018 00:00

Two new Cabinet Ministers and five new State Ministers were sworn in before President Maithripala Sirisena at the President’s official residence yesterday. Two new Cabinet... MP Bandula Gunawardena was sworn in as International Trade and Investment

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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