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MS-MR nexus nets 8th UNP-er; Rathana Thera pledges support

Views - 430 Monday, 5 November 2018 01:21

The President Maithripala Sirisena and his new Prime Minister Mahinda Rajapaksa have lured the eighth UNP-er to their fold. MS-MR nexus... The latest to crossover yesterday was UNP National List appointee from Puttalam district R. D. Ashoka Priyanth

Business confidence continues to erode

Views - 347 Monday, 5 November 2018 01:19

The LMD-Nielsen Business Confidence Index (BCI) declined for the fifth consecutive month to register 85 in October, according to the latest edition of leading business magazine LMD. The unique index is now 22 basis points below its 12-month average o

Uva, East and Wayamba expand share of GDP

Views - 405 Monday, 5 November 2018 01:19

Three relatively poorer provinces, Uva, East and Wayamba, had increased their share of the country’s Gross Domestic Product (GDP) last year whilst that of the rest of the country either shrank or remained stagnant.

PM Ranil says US, Japan freeze aid over political crisis

Views - 391 Monday, 5 November 2018 01:18

Reuters: Sri Lanka’s deposed Prime Minister Ranil Wickremesinghe said the United States and Japan had frozen more than a billion dollars of development aid after his abrupt dismissal raised doubts about the future of democracy in the island. The mo

Time running out to avert ‘bloodbath’: PM Ranil

Views - 535 Monday, 5 November 2018 01:18

AFP: Sri Lanka’s sacked Prime Minister Ranil Wickremesinghe has warned time is running out to avert a “bloodbath” while voicing hope that parliament will resolve a damaging constitutional crisis in the coming days. Time running... Wickremesingh

Power switch in the works for 4-5 months: Namal

Views - 2276 Saturday, 3 November 2018 00:41

Less than a week after what was seen as an abrupt move by the President to replace the Prime Minister, Namal Rajapaksa, the son of the newly sworn-in Prime Minister, said that his father and the President had been in talks for around “four to five

No-Confidence against MR

Views - 625 Saturday, 3 November 2018 00:41

Leader of the House Lakshman Kiriella informed the Speaker in writing that the Parliament has no confidence in the newly appointed Prime Minister Mahinda Rajapaksa or the subsequent appointments. The letter said “No

PM Ranil holds fast to post

Views - 2550 Saturday, 3 November 2018 00:40

Prime Minister Ranil Wickremesinghe yesterday confirmed that President Maithripala Sirisena had in fact insinuated that an Indian spy agency was involved in plotting his assassination at a heated Cabinet meeting

No justification for travel advisories: FM

Views - 187 Saturday, 3 November 2018 00:39

Foreign Minister Dr. Sarath Amunugama said there is no justification for travel advisories issued by countries as public life remains largely undisrupted by the political turbulence, and that the tourism sector has not been subjected to any inconveni

Law Asia to send fact-finding mission to SL

Views - 252 Saturday, 3 November 2018 00:38

A leading legal body for the Asia-Pacific, Law Asia unanimously passed a resolution yesterday to dispatch an urgent fact-finding mission to Sri Lanka in the wake of the island’s gripping constitutional deadlock. The decision was made at a council m

Rupee ends weaker; stocks slip from nearly 2-month high

Views - 267 Saturday, 3 November 2018 00:38

Reuters: The rupee ended slightly weaker on Friday due to dollar demand for outflows in government securities and stock-related transactions, sources said. Stocks slipped from its nearly two-month closing high hit in the previous session, as the pol

Sri Lanka risks EU trade concessions if any back-sliding on rights

Views - 310 Saturday, 3 November 2018 00:38

Reuters: The European Union will consider stripping Sri Lanka of its duty-free access if it backs off commitments on rights, the EU Ambassador said, amid worries stoked by the President’s replacing of the elected Premier by a wartime nationalist. T

$ 2.8 m offered to cross over: Palitha Range Bandara

Views - 31 Saturday, 3 November 2018 00:05

Giving an indication of the going rate of a Parliamentarian as the country’s political crisis deepened, Palitha Range Bandara yesterday claimed that he was offered $ 2.8 million and a Ministerial post to join Mahinda Rajapaksa’s cam

S. B. Nawinna sworn in as Cabinet Minister

Views - 70 Saturday, 3 November 2018 00:05

A Cabinet Minister and a Deputy Minister were sworn in before President Maithripala Sirisena at the Presidential Secretariat a short while ago. S. B. Nawinna wa

Cloud adoption faster than expected: Oracle CEO

Views - 163 Friday, 2 November 2018 00:00

Parliament remains in limbo

Views - 471 Friday, 2 November 2018 00:00

By Chathuri Dissanayake In the absence of an official announcement by President Maithripala Sirisena regarding reconvening of Parliament, confusion reigned with different dates being quoted by different politicians depending on their political affil

Rupee rebounds from record low; stocks hit near 2-month high

Views - 591 Friday, 2 November 2018 00:00

Reuters: The rupee traded at a record low yesterday but closed firmer due to Central Bank dollar sales. Stocks hit a nearly two-month closing high, but foreign investors continue to exit even after newly-appointed Prime Minister Mahinda Rajapaksa’

October saw biggest exit from emerging stocks since taper tantrum: IIF

Views - 319 Friday, 2 November 2018 00:00

Reuters: Investors pulled the most money out of emerging market stocks last month since the ‘taper tantrum’ panic of 2013 when the US Federal Reserve first hinted at reducing its post crisis stimulus program, financial flows data has showed. Figu

Fresh Cabinet appointments

Views - 515 Friday, 2 November 2018 00:00

President Maithripala Sirisena yesterday appointed another group of new ministers and state ministers to the Government. The new ministers and state ministers took oath before the President at the Presidential Secretariat Two Cabinet Ministers were s

Harsha blames MR for ruining economy

Views - 2803 Friday, 2 November 2018 00:00

Business as usual at SLTPB

Views - 366 Friday, 2 November 2018 00:00

By Charumini de Silva Despite ongoing political turbulence, Sri Lanka Tourism Promotion Bureau (SLTPB) has taken wing to launch the new branding and marketing campaign of Sri Lanka Tourism, which will be unveiled at the World Travel Mart (WTM) in Lon

SL jumps 11 places to 100th position in WB ease of doing biz index

Views - 944 Thursday, 1 November 2018 01:37

Sri Lanka has jumped 11 places to break into the 100th position of the World Bank Ease of Doing Business Index released yesterday, which maps the investment climates of 190 countries with improvements in paying taxes, enforcing contracts, and improvi

Attygalle new Finance Secy

Views - 423 Thursday, 1 November 2018 01:36

Deputy Treasury Secretary S.R. Attygalle, was yesterday appointed as Finance and Economic Affairs Ministry Secretary and Treasury Secretary by President Maithripala Sirisena. Attygalle was thus far serving on release from the Central Bank of Sri Lank

Four countries issue travel advisories on SL

Views - 1100 Thursday, 1 November 2018 01:35

By Nuwan Senarathna In response to recent political changes,the US, UK, Canada and Australia have issued travel advisories causing concern for Sri Lanka’s peak tourist period. The US and UK had issued travel advisories to their citizens when trave

AG declines to comment on constitutional crisis

Views - 252 Thursday, 1 November 2018 01:35

Silencing all speculations and claims made about the Attorney General’s opinion, AG Jayantha Jayasuriya yesterday informed the speaker that he that he cannot comment on the legality of the post of Prime Minister. AG declines... The Speaker had soug

President to consider reconvening of P’ment early following Speaker’s request

Views - 627 Thursday, 1 November 2018 01:35

The much-anticipated meeting between President Maithripala Sirisena and Speaker Karu Jayasuriya last evening ended indecisive after over one hour of ‘cordial dialogue’.

Rupee hits record low; stock market bull run ends

Views - 348 Thursday, 1 November 2018 01:34

Reuters: The rupee dropped 0.51% to a record low on Wednesday, dented by political uncertainty. Stocks slipped from a near six-week closing high hit in the previous session as foreign investors exited after President Maithripala Sirisena sacked the

Gankanda sworn in as State Minister

Views - 354 Wednesday, 31 October 2018 02:00

United National Party (UNP) MP Dunesh Gankanda was yesterday sworn in as State Minister of Environment, while secretaries were appointed to 12 other ministries at the Presidential Secretariat. Gankanda was sworn in as the Minister of State for Envir

Samarasinghe, Rambukwella deny Ranil’s ouster unconstitutional

Views - 1942 Wednesday, 31 October 2018 00:00

By Chathuri Dissanayake The two newly-appointed government spokesmen yesterday defended President Maithripala Sirisena’s decision to unseat Prime Minister Ranil Wickremesinghe and appoint former President Mahinda Rajapaksa to the post, calling the

SLPP pledges to take action on bond report

Views - 268 Wednesday, 31 October 2018 00:00

By Nuwan Senarathna Focusing on the Central Bank bond scam, the Sri Lanka Podujana Peramuna (SLPP) yesterday pledged to fast-track legal action against responsible parties and work to recoup losses. Despite powerful people being behind the irregular

Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.

Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca

The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.

The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R

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