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Malik meets JETRO Chief to boost SL-Japan business ties

Views - 163 Thursday, 11 July 2019 01:19

Minister of Development Strategies and International Trade Malik Samarawickrama met with Japan External Trade Organisation (JETRO) President Yasushi Akahoshi last week, and discussed cooperation activities to boost trade and investment between the tw

Richard Branson, Chamath Palihapitiya partner to take space tourism company Virgin Galactic public

Views - 1447 Thursday, 11 July 2019 01:18 Wow, OK, let’s start the day off with a bang. Two years ago, I wrote about Social Capital’s Chamath Palihapitiya’s lofty goal of helping billion-dollar startups get liquid sooner. At the time, he had raised $ 600 million in

Govt. to complete compensation for Easter Sunday and communal attacks next week

Views - 123 Thursday, 11 July 2019 01:17

The Government will complete compensation payments for property damaged in the Easter Sunday attacks and subsequent anti-Muslim mob violence, mostly in Gampaha District and the North Western Province by next week, Prime Minister Ranil Wickremesinghe

Cyberattacks cost $ 45 b in 2018 as ransomware hits hard

Views - 127 Thursday, 11 July 2019 01:16

WASHINGTON (AFP): An estimated two million cyberattacks in 2018 resulted in more than $ 45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents, a study showed Tuesday. The Internet Society

Lawyer caught in Shangri-La bomb demands Rs. 500 m in damages from Govt.

Views - 2726 Thursday, 11 July 2019 01:16

By Manopriya Gunasekera A lawyer who sustained severe burn injuries from the Easter Sunday suicide attack at the Shangri-La Hotel has filed a Fundamental Rights petition before the Supreme Court, seeking Rs. 500 million compensation from the Governm

NZ stun India to reach final despite Jadeja heroics

Views - 80 Thursday, 11 July 2019 00:13

Manchester, Reuters: New Zealand survived Ravindra Jadeja’s late onslaught to stun India by 18 runs in a low-scoring thriller on Wednesday and reach the Cricket World Cup final for the second time in a row. Twice champions India were reeling at 24

CB seen keeping rates steady after easing to spur growth

Views - 514 Wednesday, 10 July 2019 00:30

Reuters: Sri Lanka’s Central Bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after cutting them in May to support the economy as tourism and investment plummeted in the wake of Easter Sunday bombings.

Dayasiri advised to attend PSC by Speaker

Views - 434 Wednesday, 10 July 2019 00:27

By Ashwin Hemmathagama – Our Lobby Correspondent Speaker Karu Jayasuriya yesterday recommended United Peoples Freedom Alliance (UPFA) MP Dayasiri Jayasekara appear before the Parliament Select Committee (PSC) appointed to look into the Easter Sunda

Govt. to implement visa-on-arrival scheme for 39 countries from 1 August

Views - 2780 Wednesday, 10 July 2019 00:25

In a bid to boost tourism, the Government yesterday announced that the visa-on-arrival scheme for citizens of 39 countries will be implemented from 1 August, after the move, which was to be effective from 1 May, was suspended soon after the Easter Su

IGP, ex-Defence Secy released on bail

Views - 159 Wednesday, 10 July 2019 00:20

By Manopriya Gunasekera Colombo Chief Magistrate yesterday granted bail to former Defence Secretary Hemasiri Fernando and Inspector General of Police (IGP) Pujith Jayasundera saying there was not enough grounds to charge them with murder. Former D

Sri Lanka eliminates measles: WHO

Views - 143 Wednesday, 10 July 2019 00:19

The World Health Organization yesterday announced Sri Lanka has eliminated measles, interrupting transmission of the indigenous virus that causes the killer childhood disease. “Sri Lanka’s achievement comes at a time when globally measles cases a

Tourism crisis: CB Chief to meet banks, finance companies again

Views - 424 Wednesday, 10 July 2019 00:17

The Central Bank Governor Dr. Indrajit Coomaraswamy will meet banks and finance companies tomorrow (11 July) to expedite support via moratorium and working capital assistance for the tourism sector businesses hit by the Easter Sunday attacks. Tourism

AG to file revision application in HC against Hemasiri and Pujith bail order

Views - 128 Wednesday, 10 July 2019 00:15

By Chandani Kirinde The Attorney General will file a revision application in the Colombo High Court against the bail order in favour of Inspector General of Police (IGP) Pujith Jayasundara and former Defence Secretary Hemasiri Fernando, given by Colo

Waters Edge records profit amidst industry crisis and maintains food cost at lowest in history

Views - 571 Wednesday, 10 July 2019 00:00

Waters Edge recently announced its profits for the month of June 2019, revealing that the company recorded a profit of Rs. 18.5 million, despite difficulties the local tourism and hotel industries experienced after the major decline in arrivals and b

Govt. gives fresh boost for tourism

Views - 1060 Tuesday, 9 July 2019 01:04

Cabinet has given approval for a slew of charges including Ground Handling, Aviation Fuel and Embarkation levy to be reduced for six months to assist the tourism industry to recover after the Easter Sunday attacks. Prime Minister Ranil Wickremesingh

TEA bitter about using promotional fund to pay worker allowances

Views - 271 Tuesday, 9 July 2019 01:03

The Tea Exporters’ Association (TEA) has opposed the move by the Government to utilise tea promotional fund to pay the Rs. 50 allowance for the plantation workers. The association is however yet to receive a response to the two that were sent to th

Seven-judge Bench to hear nine FR petitions on Easter Sunday attacks

Views - 263 Tuesday, 9 July 2019 01:02

By S.S. Selvanayagam As a matter of national importance, Chief Justice Jayantha Jayasuriya has nominated a seven-judge Bench to hear the Fundamental Rights petitions filed against Inspector General of Police (IGP) Pujith Jayasundera and former Defenc

CPC suspends fuel supply to CEB plants due to non-payment of bills

Views - 447 Tuesday, 9 July 2019 01:02

The Ceylon Electricity Board (CEB) yesterday announced possible power cuts as the Ceylon Petroleum Corporation (CPC) refused to release fuel to thermal power plants exceeding the borrowing limit. The grid has lost 150 MW, with some emergency power su

Second round of bids to select forensic auditor for CB

Views - 267 Tuesday, 9 July 2019 01:01

Cabinet has green-lighted calling for applications for a second time to select a forensic audit company with international expertise for the Central Bank. The Cabinet paper presented by Finance Minister Mangala Samaraweera sought approval to call fo

White paper on ‘Harmony Act’ presented to Speaker

Views - 458 Tuesday, 9 July 2019 01:01

A white paper on ‘The Harmony Act of Sri Lanka’, initiated by a representation of Sri Lankan civil society was presented to Speaker of Parliament Karu Jayasuriya at the Speaker’s Chambers at Parliament Complex yesterday. Entitled ‘The Harmo

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin

Views - 778 Tuesday, 9 July 2019 01:01

Reuters: Whole teams in Deutsche Bank’s Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis

Performance of insurance industry for 2018

Views - 380 Tuesday, 9 July 2019 00:00

The Sri Lankan insurance industry was able to achieve a growth of 10.03% in terms of overall Gross Written Premium (GWP) for both long term and general insurance business sectors in 2018. The total GWP income for both sectors was Rs. 181,506 million

Amazon founder Bezos’ divorce final with $38 b settlement

Views - 555 Monday, 8 July 2019 01:03

Reuters: Inc. founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalised by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported. In April, A

BBS pledges to build Sinhala Parliament

Views - 2887 Monday, 8 July 2019 01:03

Bodu Bala Sena (BBS) General Secretary Ven. Galagoda Aththe Gnanasara Thero yesterday pledged to build a Sinhala Parliament that would enable the Sinhala people to decide policy and laws as they wished, which in his view, is essential to rejuvenate t

Biz confidence rebounds

Views - 610 Monday, 8 July 2019 01:01

Following four months of declining fortunes, the LMD-Nielsen Business Confidence Index (BCI) shored up by 19 basis points to register 81 in June. In comparison, the index stood at 102 a year ago while the average for the last 12 months is 10 basis po

ICTA CEO quits to disrupt political system

Views - 3729 Monday, 8 July 2019 00:58

Former ICTA CEO Damith Hettihewa claims that he quit his high profile Government job on 30 June to disrupt the current political system. “We professionals intend to disrupt the existing political system, and rally the masses without a political p

Economic ‘game changer’? African leaders launch free-trade zone

Views - 229 Monday, 8 July 2019 00:50

Niamey (Reuters): African leaders met on Sunday to launch a continental free-trade zone that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development. After four years of talks, an agree

Dr. Howard Nicholas’ insights to current and future global and Sri Lankan economies on Thursday

Views - 602 Monday, 8 July 2019 00:50

Renowned Lankan-born economist Dr. Howard Nicholas, Senior Trainer at ETIS Lanka, will on Thursday share insights on current and future global and Sri Lankan economies at a seminar at the Lakshman Kadirgamar Institute – Lighthouse Auditorium at 3.3

#CarFreeCMB: A morning of open streets

Views - 409 Monday, 8 July 2019 00:03

The Colombo Municipal Council is partnering with The Embassy of the Kingdom of the Netherlands in Sri Lanka to pilot Colombo’s first ever car-free day. ‘CarFreeCMB’ will take place on Sunday, 14 July from 6 am to 12 noon. Join in on foot, bicyc

Amid need for Chinese capital, Sri Lanka sets sights on manufacturing

Views - 231 Monday, 8 July 2019 00:00

GT: What are the priorities on your agenda during your trip to China? Samarawickrama: First, I think I came here primarily to attend the Summer Davos in Dalian. I was there on Monday and Tuesday. Then I went to Beijing to meet Chinese Vice Minister

Today's Columnists

Expand employer-backed childcare to close the gender gap in Sri Lanka

Friday, 19 July 2019

In Sri Lanka, women’s formal workforce participation is at only 36%, compared with 75% for men. Sri Lanka could raise its gross domestic product by as much as 20% in the long-run by closing the gender gap in the workforce, according to one estimate

Who should be our next president?

Friday, 19 July 2019

After the recent terrorist attacks and the subsequent violence unleashed against innocent Muslims by racists, Sri Lankans are searching for a leader who can save the country. Many have lost faith in the leaders, due to the breakdown in the security a

The messed-up lives

Friday, 19 July 2019

It can be seen that there is a serious mess-up not only in the State and the social system in Sri Lanka, but also in the lives of the people. People of Sri Lanka are having smiling faces, yet those who live happily are very rare. You will find that u

Reimagining our reality: the last best hope for us?

Friday, 19 July 2019

Imagination can be a powerful tool for shaping everyday reality. We use it to construct everything from the mundane to the mystic. A down-to-earth example would be our subscription to the idea of the intrinsic value and worth of every human being. I

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