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Cabinet heats up over power crisis

Views - 1178 Wednesday, 3 April 2019 00:12

By Chathuri Dissanayake For the second consecutive week the Power Ministry was in the centre of the discussion at the Cabinet meeting yesterday with President Maithripala Sirisena demanding removal of officials in the Public Utilities Commission of S

Tax evading steel industry depriving state coffers millions

Views - 603 Wednesday, 3 April 2019 00:10

UNP lawmaker Mujibur Rahuman on Monday proposed a proper taxation system for the steel industry saying the absence of such a system is costing the State millions in tax rupees. Moving an Adjournment Motion in Parliament on a ‘Proper taxation method

Power cuts sheer mismanagement by Govt., says MR

Views - 235 Wednesday, 3 April 2019 00:08

Opposition Leader and former President Mahinda Rajapaksa yesterday blamed the crippling power cuts to sheer mismanagement by the Government and failure to develop new electricity generation. “The power crisis, which affects the ordinary public and

BOC retains market leadership despite challenging 2018

Views - 213 Wednesday, 3 April 2019 00:08

Bank of Ceylon, having nearly completed 80 successful years, has closed 2018 with another spearheading record of Rs. 31.9 billion Profit Before Tax (PBT) with a growth of 5% along with the spearheaded growth reported across its balance sheet. CEO/Gen

A safe space

Views - 477 Wednesday, 3 April 2019 00:05

I recently attended an event organised by the Walpola Rahula Institute. In just a few years Ven. Galkande Dhammananda Thero has created a safe space where Buddhists, women and minorities can have a discussion about the important ideas of our time and

Which election first? Only God knows: MR

Views - 346 Wednesday, 3 April 2019 00:00

Opposition Leader and former President Mahinda Rajapaksa yesterday rested the knowledge of which election first to God, saying no one else knows.

Proposal to make Attorney General’s Dept. independent  

Views - 394 Tuesday, 2 April 2019 00:08

A Government lawmaker yesterday proposed that the Attorney General’s Department to be made an independent institution and free of influence by the Executive. The proposals came from UNP MP Dr. Jayampathy Wickramaratne who said new laws should be ma

PNB destroys 769kgs of cocaine

Views - 266 Tuesday, 2 April 2019 00:08

A total of 769 kg of cocaine seized by law enforcement agencies was destroyed at a warehouse in Maguruwela, Kelaniya yesterday under the directions and participation of President Maithripala Sirisena. The destruction was executed publicly complying w

Saudi Aramco is world’s most profitable company in 2018 with $ 111.1 b

Views - 519 Tuesday, 2 April 2019 00:07

DUBAI, AFP: Oil giant Saudi Aramco revealed yesterday it made the world’s biggest corporate profit last year, opening its secretive accounts for the first time as it prepares to raise funds from investors.

AIA receives shareholder nod to delist from CSE

Views - 1002 Tuesday, 2 April 2019 00:07

AIA Insurance Lanka PLC yesterday announced that it will delist the company’s shares from the official list of the Colombo Stock Exchange (CSE) in compliance with applicable regulations and procedures, while at the same time reaffirming its commitm

Rupee ends firmer on inward remittances; stocks up

Views - 477 Tuesday, 2 April 2019 00:06

Reuters: The rupee closed firmer for a fifth straight session yesterday, helped by dollar inflows from inward remittances ahead of the traditional New Year celebrations, market sources said, while stocks ended higher. The currency rose 0.4% to end a

The truth about the Geneva Human Rights Council Resolution

Views - 180 Tuesday, 2 April 2019 00:00

During the past few weeks, I have been watching the many headlines, debates, misinformation, misrepresentation of facts as well as self-congratulatory statements by some members of the delegation that went to Geneva to participate in the 40th session

Dynasty Residencies project completed

Views - 534 Tuesday, 2 April 2019 00:00

The construction of Kandy’s first-ever mixed development real estate project has now been completed. Dynasty Residencies is a 19-storey residential apartment complex with superior amenities developed by GVR Lanka; a BOI approved Real Estate and Pr

CoPF finds Budget lacks accuracy and detail

Views - 315 Tuesday, 2 April 2019 00:00

The Parliamentary Committee on Public Finance (CoPF) finds the Budget proposal presented in Parliament lacking accuracy, proper estimates, and basis for proposals not being included in the documents presented. Calling the proposals ‘misleading’ u

Perseverance, SL’s strategic location bring biggest FDI project to fruition

Views - 2166 Monday, 1 April 2019 00:17

Perseverance by promoters and Sri Lanka’s enviable strategic location were key factors for the realisation of the biggest Foreign Direct Investment (FDI) worth $ 3.9 billion exports-oriented oil refinery in Hambantota, THE work on which kicked off

SEC files action against Dr. Sena Yaddehige for insider dealing

Views - 1925 Monday, 1 April 2019 00:15

The Securities and Exchange Commission of Sri Lanka (SEC) has filed action before the Fort Magistrate’s Court against Dr. Sena Yaddehige, for dealing in the shares of Kegalle Plantations PLC (KGAL) listed on the Colombo Stock Exchange. Being the Ch

NCE expresses grave concern over current power crisis

Views - 478 Monday, 1 April 2019 00:14

More countries opting for Artificial Intelligence to prevent crime

Views - 347 Monday, 1 April 2019 00:13

The number of countries using Artificial Intelligence (AI) to prevent crime is on the rise given the technology’s superiority. Already police departments in the US, Canada, UK, Australia, and many other countries are using facial recognition, fing

25% increase in career diplomats heading Sri Lankan missions

Views - 374 Monday, 1 April 2019 00:11

The Committee on High Posts of the Parliament of Sri Lanka to examine the suitability of persons nominated/appointed to the State services and the State corporations (High Posts Committee) last week approved the appointments of 14 career diplomats no

Lakmini Wijesundara crowned ‘SAARC Woman Entrepreneur of the Year’ for 2018

Views - 237 Monday, 1 April 2019 00:09

Lakmini Wijesundara, Co-founder and CEO of IronOne Technologies and BoardPAC in Sri Lanka was chosen as the SAARC Woman Entrepreneur for the year 2018 from a pool of exemplary women entrepreneurs in the South Asian region at a glittering ceremony rec

Columbia Law School HRI welcomes humanitarian law expert Gunaratne as Practitioner-in-Residence

Views - 379 Monday, 1 April 2019 00:00

The Human Rights Institute (HRI) welcomes UN Panel of Experts on the Sudan and Yemen former member Dakshinie Ruwanthika Gunaratne to the Institute’s Practitioner-in-Residence Program. Drawing on her extensive experience in International Humanitari

India partners for first ever Temperature Controlled Cold Storage facility for perishables in Dambulla

Views - 275 Monday, 1 April 2019 00:00

The construction of the first Temperature and Humidity Controlled Warehouse Complex for Perishables in Sri Lanka with a capacity of 5000 metric tons capable of storing the excess harvest of vegetables and fruits was initiated by Economic Reforms and

Lanka Mineral Sands to diversify into new products

Views - 333 Saturday, 30 March 2019 01:00

After 61 years of operations, Pulmoddai mineral deposits will remain under Government ownership, with plans to diversify into new products and build a new processing plant in Kokilai, a statement from the Indust

Ravi pledges no power cuts for Avurudu

Views - 245 Saturday, 30 March 2019 00:59

Power, Energy and Business Development Minister Ravi Karunanayake promised the Parliament yesterday that there will be no power disruptions during the forthcoming Sinhala and Tamil New Year season

MP Marasinghe resigns over expenditure heads defeat

Views - 369 Saturday, 30 March 2019 00:59

United National Party (UNP) lawmaker Prof. Ashu Marasinghe tendered his resignation yesterday from the post of Assistant Chief Government Whip in Parliament, expressing his shock over Thursday’s defeat of several expenditure heads. Prof. Marasingh

Deal for new refinery will take at least a year to finalise: Investor

Views - 435 Saturday, 30 March 2019 00:58

Reuters: An agreement to build a proposed $3.85 billion oil refinery in Sri Lanka will take at least a year to be finalised as its main investor, India’s Accord Group, said it is yet to recruit partners and conduct an assessment of the plan’s via

UN torture prevention body to visit Sri Lanka

Views - 68 Saturday, 30 March 2019 00:57

The United Nations Subcommittee on Prevention of Torture is set to carry out its first visit to Sri Lanka from 2-12 April to examine the treatment of people deprived of their liberty and the safeguards in place for their protection against torture an

Rupee gains 1.5% on week; stocks steady

Views - 226 Saturday, 30 March 2019 00:57

REUTERS: The rupee closed 0.4% stronger on Friday as dollar inflows from inward remittances ahead of the traditional New Year celebrations helped bolster the local currency, market sources said, while stocks ended firmer. The currency extended gains

Kottawa-Makumbura Multimodal Transport Centre opens tomorrow

Views - 2789 Saturday, 30 March 2019 00:57

The Kottawa-Makumbura Multimodal Transport Centre – the first of its kind in Sri Lanka, providing seamless access for passengers to connect among transport modes – is to be declared open tomorrow. President Maithripala Sirisena, with the particip

US seeks to rapidly enhance SL Navy’s capabilities to ensure ‘Free and Open Indo-Pacific’

Views - 351 Saturday, 30 March 2019 00:01

The United States seeks to enhance military engagement with Sri Lanka, particularly with the country’s Navy as the island nation remains a significant strategic opportunity in the Indian Ocean, to ensure a ‘Free and Open Indo-Pacific’, a top US

Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch

Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further

What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available

On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q

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