Front Page

Slow growth for manufacturing, services in February

Views - 177 Monday, 18 March 2019 00:08

The country’s manufacturing and Services sector experienced slow growth in February as per the Sri Lanka Purchasing Managers’ Index (PMI) compiled by the Central Bank. It said manufacturing activities increased at a slower rate in February compar


World’s first ever Rotaract Sustainability Leadership Forum in May

Views - 147 Monday, 18 March 2019 00:00

Sri Lanka will hold the first ever global Rotaract Sustainability Leadership Forum in May in line with the strategic focus towards achieving the global sustainability goals in 2030. The three-day forum which is scheduled to kick off on 2 May aims to


Connecting dots: Bringing social, private and public sectors together through technology

Views - 1059 Monday, 18 March 2019 00:00

For Sri Lankan organisations who are in the race to become cloud-ready businesses, Chandita Samaranayake is a familiar face. For the last 11 years, ‘Chandi’ was a key member of Oracle Corporation’s local team who helped the world’s leading cl


Linda and Jayomi selected for E&Y Entrepreneurial Winning Women Asia-Pacific program

Views - 696 Monday, 18 March 2019 00:00

Coinciding with International Women’s Day, EY Sri Lanka has announced the selection of two prominent local women entrepreneurs, Linda Speldewinde and JayomiLokuliyana, for the 2019 EY Entrepreneurial Winning Women Asia-Pacific class. The program is


Dr. Kapila Ranasinghe appointed Chairman Skills Development Fund

Views - 220 Monday, 18 March 2019 00:00

Academic Dr. Kapila Ranasinghe has been appointed as the Chairman of the Skills Development Fund Ltd. (SDFL) by Prime Minister Ranil Wickremesinghe. The SDFL was established as a pilot project in 1998 on the recommendation of Presidential Task Force


SL will promote green-development: President

Views - 155 Saturday, 16 March 2019 00:17

President Maithripala Sirisena, highlighting the initiatives taken by his Government towards greening, said Sri Lanka is committed to achieving the UN 2030 Agenda for Sustainable Development and would capitalise on nature for its development. Speakin


Mosque killings spark global horror

Views - 220 Saturday, 16 March 2019 00:17

AFP & Reuters: Attacks on twomosques in New Zealand which left at least 49 people dead yesterday – the Muslim day of prayer – have sparked horror, revulsion and dismay around the world. “It is clear that this can now only be described as a ter


New Zealand mosque shootings kill at least 49, seriously wound 20

Views - 327 Saturday, 16 March 2019 00:17

WELLINGTON (Reuters): At least one gunman killed 49 people and wounded more than 20 during Friday prayers at two New Zealand mosques in the country’s worst ever mass shooting, which Prime Minister Jacinda Ardern condemned as terrorism. A gunman bro


EU says UK must justify any Brexit delay

Views - 134 Saturday, 16 March 2019 00:16

BRUSSELS (Reuters): The EU Executive said Britain will have to justify any request to postpone Brexit beyond the end of this month and that EU leaders would put a priority on avoiding disrupting EU institutions in considering it. Noting Thursday’s


Admiral S.S. Ranasinghe appointed new Ports Ministry Secy

Views - 256 Saturday, 16 March 2019 00:16

Former Navy Commander Admiral S.S. Ranasinghe has been appointed Secretary to the Ministry of Ports, Shipping and Southern Development effective yesterday by President Maithripala Sirisena.


Two return tickets to UK on offer at Fireside Chat 2019

Views - 222 Saturday, 16 March 2019 00:15

The Fireside 2019 event organised by Daily FT, CIMA and ICCSL is expected to draw a large gathering of professional and business leaders. In view of the large exclusive audience, both Qatar Airways and Kuwait Airways have come forward to offer return


Tourism grows 11.6% to $ 4.3 b

Views - 874 Saturday, 16 March 2019 00:15

Tourist earnings rose to $ 4,381 million in 2018, in comparison to $ 3,925 million in 2017, the Central Bank said this week but workers remittances declined by 2.1% to $ 7 billion last year.


Shares end near 5-1/2-year low, rupee edges higher

Views - 202 Saturday, 16 March 2019 00:14

REUTERS: Sri Lanka’s share index fell yesterday, hovering near a 5-1/2-year low and recording its sixth straight weekly drop, as investors sold risk assets while they awaited the impact of 2019 Budget proposals, market sources said. Parliament lat


Belluna Co. Japan demonstrates confidence in Sri Lanka by investing $450 m

Views - 857 Friday, 15 March 2019 00:20

Belluna Company Ltd., of Japan has demonstrated its confidence in Sri Lanka with an investment of $ 450 million in burgeoning luxury property market. Its 447 Luna Tower scores high across each and every parameter, as it offers a strong value propos


Sri Lanka to issue on-arrival visas from 1 May

Views - 5190 Friday, 15 March 2019 00:15

Tourism Development Minister John Amaratunga yesterday said work is underway to implement on-arrival visa, free-of-charge for multiple countries from 1 May, to boost tourist arrivals during lean months. “We will start granting a six-month free vis


Exports grow 4.7% in 2018: CB

Views - 256 Friday, 15 March 2019 00:12

Total exports of goods grew by 4.7% in 2018 to $ 11.9 billion while imports recorded a growth of 6% to $ 22.2 billion, the Central Bank said yesterday, which resulted in the trade deficit widening to $ 10.3 billion last year from $ 9.6 billion in 201


Harsha defends Govt. debt repayment

Views - 532 Friday, 15 March 2019 00:10

Non-Cabinet Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva yesterday said dual blame should be placed on Opposition Leader Mahinda Rajapaksa,as Sri Lanka’s high debt repayments were caused by increased International Sovere


Italy’s Noberasco to invest in Sri Lankan fruit, vegetable businesses

Views - 341 Friday, 15 March 2019 00:00

Sri Lankan fruit and vegetable businesses are set to boost exports following a new partnership with the dried fruits and nuts company Noberasco. The Lanka Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA) signed a Memorand


‘Kumarsutra,’ a night of hilarious comedy for a far greater purpose on Sunday

Views - 106 Friday, 15 March 2019 00:00

Singaporean-born Anita Doraiis presenting a special one-night-only comedy show, ‘Kumarsutra’ on 17 March at the Hilton Colombo, in support of the Wheels for Wheels Foundation as a funding initiative to distribute wheelchair donations around the c


Stock market recovers from 5-1/2-year low, rupee firms

Views - 262 Friday, 15 March 2019 00:00

Reuters: Sri Lankan shares recovered from a 5-1/2-year low on Thursday on bargain hunting after four straight sessions of losses, but concerns over economic and political stability kept the gains in check. The Colombo Stock Exchange index rose 0.46%


Hathurusingha on the brink; Steve Rixon takes over part time

Views - 335 Friday, 15 March 2019 00:00

By Madushka Balasuriya Sri Lanka Cricket CEO Ashley De Silva has headed to South Africa for crisis talks with Chandika Hathurusingha, with the under-fire national coach set to return to Sri Lanka following the ongoing ODI series. In his stead, fieldi


Fireside Chat 2019 set to redefine boundaries next Tuesday

Views - 1375 Thursday, 14 March 2019 02:39

The Fireside Chat 2019 organised by ICCSL, CIMA and Daily FT will kick off on Tuesday evening at the Hilton Colombo. The event will feature nine foreign ambassadors, from the UK, China, EU, Bangladesh, Malaysia, Indonesia, Netherlands, Canada and Sw


Aminda Rodrigo appointed new Chairman of COYLE at 20th anniversary celebrations

Views - 773 Thursday, 14 March 2019 02:37

The 20th anniversary celebration of the Chamber of Young Lankan Entrepreneurs (COYLE) was held on 10 March at the Shangri-La Hotel, Colombo. The event was attended by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. Also presen


Price formula for milk powder

Views - 298 Thursday, 14 March 2019 02:36

Cabinet this week gave approval to introduce a new pricing formula on imported milk powder, the Government Information Department said. The price formula being introduced will take into consideration market prices and exchange rate fluctuations to en


Dhammika takes on championing AI

Views - 1724 Thursday, 14 March 2019 02:36

Business leader Dhammika Perera will today champion the adoption of Artificial Intelligence at a top forum organised by the Computer Society of Sri Lanka at Nelum Pokuna from 4.30 p.m. to 7.30 p.m. The initiative is following CSSL promoting AI as a n


New Tourism Advisory Committee gets down to work

Views - 1290 Thursday, 14 March 2019 02:34

With an eye on achieving the targeted three million tourist arrivals this year, a newly constituted Tourism Advisory Committee has been appointed by Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga. The 14- membe


Mandatory provisions on separation of Chairman/CEO roles awaiting public consultation: SEC Chairman

Views - 346 Thursday, 14 March 2019 01:31

“Corporate Governance Provisions for the separation of the Chairman and the Chief Executive Officer roles in Listed Companies were to be introduced only after stakeholder consultation,” said Securities and Exchange Commission (SEC) Chairman Ranel


IFAD-financed projects contribute to improved agricultural productivity and incomes in Sri Lanka

Views - 191 Thursday, 14 March 2019 01:06

Rural development projects financed by the International Fund for Agricultural Development (IFAD) have contributed to increased productivity and incomes in Sri Lanka, according to a new evaluation report presented today in Colombo. “In the decades


Cabinet approves 28 1 MW solar power projects

Views - 447 Thursday, 14 March 2019 00:22

The Cabinet this week approved a proposal to award 28 projects of 1 MW under the second phase of the Suryabala Sangramaya Program spread across the country, the Information Department said. The proposal presented by the Power, Energy and Business Dev


Mahinda rejects derailing economy

Views - 487 Wednesday, 13 March 2019 00:20

Leader of the Opposition Mahinda Rajapaksa yesterday rejected accusations by the Government, arguing that the 52-day Government was not responsible for derailing the economy and playing down regaining GSP plus. Joining the Budget debate before the s


Today's Columnists

4-day work week: A solution to many problems?

Tuesday, 26 March 2019

A three-day weekend every week and only four days of work a week. The idea would seem too good to be true for many. But this is an idea that is being experimented in the West and some companies have already started out on a four-day work week. How ab


Christchurch massacre and the Australian Labor Party

Tuesday, 26 March 2019

“He sought many things from his act of terror, but one was notoriety, and that is why you will never hear me mention his name… He is a terrorist, he is a criminal, he is an extremist. But he will, when I speak, be nameless… And to others I impl


Political bait to woo the professionals or a genuine effort to build the economy?

Tuesday, 26 March 2019

It has been a forgone conclusion that Sri Lanka’s current economic woes have been precipitated by the debt burden the country has to serve in the short term and the negative Balance of Trade. Whilst improving tax collection is a temporary measure t


Handagama’s Asandimitta: Not mere psychoanalysis; sociocultural, political and economic analysis too

Monday, 25 March 2019

Sri Lanka’s award winning film director, Asoka Handagama, screened his latest creative work, Asandimitta, before an invited audience in Colombo last week. This was a prelude to its public release, which was to be commenced immediately. Handagama i


Columnists More