Business,News

First global entrepreneur education meet elevates Sri Lanka to prestigious UNESCO-APEID Chair

Views - 169 Thursday, 18 October 2018 01:14

A pioneering Entrepreneurship Education (EE) series by UNESCO, which successfully concluded in Colombo on 12 October, has elevated Sri Lanka as the new Chair of prestigious UNESCO-APEID EE series, making it the first South Asian country to clinch thi


Rajitha says President misquoted

Views - 106 Thursday, 18 October 2018 00:33

By Nuwan Senarathna The Government yesterday denied the reports that President Maithripala Sirisena accused India’s Research and Analysis Wing (RAW) of plotting his assassination on Tuesday. “The President said that the India national arrested ov


Sirisena apologises to Modi

Views - 752 Thursday, 18 October 2018 00:33

By a Special Correspondent President Maithripala Sirisena spoke with Indian Prime Minister Narendra Modi last night after bombshell revelations in the local and international media that President Sirisena had accused the Indian intelligence agency,


President meets Tamil representatives; assures rapid development

Views - 136 Thursday, 18 October 2018 00:30

President Maithripala Sirisena has said that the Government would extend every possible assistance to streamline the developmental activities in the North and East to provide maximum benefits to the people. He said this during a discussion with the r


No plans to introduce a pricing formula for power: Rajitha

Views - 64 Thursday, 18 October 2018 00:29

The Government yesterday said there are no plans to introduce a price formula for electricity, but pledged to explain the fuel pricing formula at a later date. Under the $1.5 billion Extended Fund Facility of the International Monetary Fund (IMF), a


Diplomats from 23 countries attend SL Foreign Policy & Economic Diplomacy Dialogue

Views - 415 Wednesday, 17 October 2018 00:00

The Sri Lanka Foreign Policy and Economic Diplomacy Dialogue, organised by the Ministry of Foreign Affairs, commenced on 15 October with the participation of mid-career diplomats from 23 countries from Asia, Africa, the Middle East, Latin America and


President Sirisena alleges that RAW is plotting his assassination

Views - 630 Wednesday, 17 October 2018 00:00

By Meera Srinivasan The Hindu: In a move that might seriously impair Indo-Lanka relations, Sri Lankan President Maithripala Sirisena on Tuesday accused India’s Research and Analysis Wing (RAW) of plotting his assassination. Mr. Sirisena, who was sp


TISL says Airbus deal deserves special attention

Views - 571 Wednesday, 17 October 2018 00:00

Transparency International Sri Lanka (TISL) has alerted the Commission of Inquiry (CoI) into Allegations of Large Scale Fraud and Malpractice in SriLankan Airlines to alleged corruption surrounding the controversial procurement of Airbus A350 aircraf


Tripartite fight for presidential nomination in SLPP

Views - 369 Wednesday, 17 October 2018 00:00

By Nuwan Senarathna Heated debates over a possible Joint Opposition (JO) presidential candidate clearly showed a tripartite contest emerging within the JO ranks over who would bag the nomination, the United National Party (UNP) said yesterday. “


TISL calls on Govt. to fast track implementation of UNCAC pledges

Views - 392 Tuesday, 16 October 2018 00:34

By Charumini de Silva Transparency International Sri Lanka (TISL) yesterday highlighted that the country’s commitment to implement the United Nations Convention Against Corruption (UNCAC) needs faster momentum, as there is still a lot of work to be


Govt. failed to identify priorities of public: SLPP

Views - 132 Tuesday, 16 October 2018 00:32

SLPP claims effort to push new Constitution to distract from economic problems By Nuwan Senarathna Sri Lanka Podujana Peramuna (SLPP) yesterday claimed the Government’s inability to recognise economic and social priorities and address them early w


Govt. committed to protecting environment, managing natural resources with development: PM

Views - 246 Monday, 15 October 2018 00:58

Prime Minister Ranil Wickremesinghe yesterday said that a special program will be prepared to protect the environment during the next 10 years.


Swift measures to control flooding: President

Views - 181 Monday, 15 October 2018 00:57

President Maithripala Sirisena says a speedy process is needed to control the flooding around the city of Colombo and the surroundings of the Kelani River.


India assists in developing 50 additional model villages across Sri Lanka

Views - 241 Monday, 15 October 2018 00:55

India and Sri Lanka signed two Memoranda of Understanding (MoU) yesterday to construct 1,200 houses through 50 model villages, using Indian grant assistance of Rs. 600 million.


Four Maldives’ election officials flee to Sri Lanka, citing threats

Views - 190 Monday, 15 October 2018 00:54

Intimidation and threats drove four members of an election panel in the Maldives to flee the island nation, two officials said on Saturday, a day before its top court hears defeated president Abdulla Yameen’s challenge to his election loss last mon


TISL to launch Anti-Corruption Commitment Tracker today

Views - 120 Monday, 15 October 2018 00:54

The Transparency International Sri Lanka (TISL) will launch an online platform today, which will track the progress that has been made by the Government on the pledges made by it at the 2016 Anti-Corruption Summit held in London, UK.


Frohnau Buddhist Temple receives a sapling of the sacred Sri Maha Bodhi

Views - 128 Saturday, 13 October 2018 00:10

A sapling of the sacred Sri Maha Bodhi was planted auspiciously at Frohnau Buddhist Temple in Germany on 30 September. The sacred sapling was presented to Sri Lanka’s Ambassador to Germany Karunasena Hettiarachchi on 27 September, by a delegation c


Pathfinder Foundation links up with National Institute for South China Sea Studies in Hainan, China

Views - 146 Saturday, 13 October 2018 00:10

The Centre for Law of the Sea (CLS) of the Pathfinder Foundation has linked up with the National Institute for South China Sea Studies (NISCSS) located in Haikou in Hainan Province in China. The Centre for Law of the Sea was established in January 20


A gentle giant lies fallen

Views - 154 Saturday, 13 October 2018 00:10

Two days ago, yet another elephant was knocked by a train on the Batticaloa line. This was the third such incident in a space of one week, leaving behind a trail of mangled remains of some seven wild elephants, while the authorities still discuss and


Ambassador Jayatilleka presents credentials to President Putin

Views - 229 Saturday, 13 October 2018 00:10

On 11 October, Dr. Dayan Jayatilleka presented his Letters of Credence in a solemn ceremony bringing together the newly-appointed Ambassadors of 23 countries in the magnificent St. Alexandre’s Hall of the Kremlin. The credentials were received by V


Pakistan High Commissioner calls on Foreign Minister

Views - 100 Saturday, 13 October 2018 00:10

High Commissioner of Pakistan Dr. Shahid Ahmad Hashmat called on Sri Lankan Foreign Affairs Minister Tilak Marapana at the Ministry of Foreign Affairs on 9 October. During the meeting, bilateral relations and areas of mutual interest and cooperation


Minister Amaraweera launches agricultural development programs in Northern Province

Views - 97 Saturday, 13 October 2018 00:10

Agriculture Development Minister Mahinda Amaraweera visited the Northern Province on 18 October and vested to the people many development programs in the field of agriculture in Vavuniya and Kilinochchi. The minister opened an Agriculture Research Ce


Amunugama meets Japanese Science and Technology in Society Forum Founder Omi, Koji

Views - 103 Saturday, 13 October 2018 00:10

Minister of Science, Technology, Research, Skills Development, and Vocational Training and Kandyan Heritage Dr. Sarath Amunugama who is at present in Japan, met Omi, Koji, Founder and Chairman o


Sri Lankan Police undergo industrial security training in India

Views - 116 Saturday, 13 October 2018 00:10

A team of 30 Sri Lankan Police Officers participated in a comprehensive training program on industrial security at the National Industrial Security Academy (NISA) in Hyderabad, India. The course was organised f


All public servants must protect forest resources: President

Views - 82 Saturday, 13 October 2018 00:10

President Maithripala Sirisena yesterday stressed that all public servants have a responsibility beyond their limits of assigned duties, in achieving national development goals while increasing the density of forests across the country. He made these


Sri Lanka seeks to strengthen defence cooperation with Thailand

Views - 194 Saturday, 13 October 2018 00:10

State Minister of Defence Ruwan Wijewardene has stressed on the importance of strengthening defence cooperation with Thailand during an official visit to the Asian country. The State Minister, who commenced a four-day official visit to Thailand from


Hirunika hails SC verdict despite mixed feelings

Views - 2062 Saturday, 13 October 2018 00:10

Commenting on the verdict delivered by the Supreme Court on former MP Duminda Silva’s death sentence, MP Hirunika Premachandra yesterday said she had mixed feelings about the ruling.


Hirunika to demand explanation from FCID on alleged fraud

Views - 68 Saturday, 13 October 2018 00:09

MP Hirunika Premachandra yesterday said that she would demand anexplanationfrom the Financial Crimes Division (FCID) via her attorneyin relation to media reports claiming the MP had taken Rs. 20 million from the ‘Maga Neguma’ account. “I want t


Ministry of Science and Technology to work with Chinese Academy of Sciences

Views - 94 Friday, 12 October 2018 00:00

A Memorandum of Understanding was signed between the Ministry of Science, Technology, Research, Skills Development and Vocational Training and Kandyan Heritage and the Chinese Academy of Science last week at the Ministry office at Sethsiripaya. Minis


Public Lecture by British Scholars’ Association of Sri Lanka on 16 Oct.

Views - 90 Friday, 12 October 2018 00:00

Shanaka Jayasekara, Program Coordinator (Indian Ocean Region), Global Maritime Crime Program(GMCP) of the United Nations Office on Drugs and Crime (UNODC), will deliver a lecture on ‘Drug Trafficking Trends in the Indian Ocean and Impact on Sri L


Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B


Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U


Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines


Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel


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