Extremism engulfs Sri Lanka on Easter

Views - 2187 Monday, 22 April 2019 00:02

Thirteen people have been arrested in connection with the string of blasts that tore through Sri Lanka on Easter Sunday, killing at least 207 people and injuring over 450, with most casualties fro

Procurement guidelines before Cabinet next week

Views - 670 Friday, 19 April 2019 00:00

By Uditha Jayasinghe The long delayed National Procurement Guidelines are expected to be presented to Cabinet next week, an official said yesterday, possibly ending nearly a year-long wait. The guidelines have already been sent to the Cabinet Off

Exports off to a positive start in 2019

Views - 1048 Thursday, 18 April 2019 00:01

Sri Lanka’s exports have got off to a positive start in 2019, recording healthy growth and topping the $ 1 billion mark, whilst regulatory measures checked imports, leading to a lower trade deficit in January. The Central Bank yesterday said the de

Sinopec wins bid to operate tank farm at Hambantota Port

Views - 1960 Wednesday, 17 April 2019 00:00

The Hambantota International Port (HIP) has recently awarded a tender to Sinopec Fuel Oil Sales Co. Ltd. for oil trading works and the operation and maintenance of their oil tank terminal along with associated facilities.   Bunkering being an impor

Gota fires back against lawsuits

Views - 5624 Friday, 12 April 2019 00:00

Former Defence Secretary Gotabaya Rajapaksa has dismissed the two lawsuits filed against him as baseless and insisted that they would only motivate him and his supporters to push for political change in Sri Lanka. “These lawsuits have been filed to

New measures to reduce lending interest rates: PM

Views - 1360 Thursday, 11 April 2019 00:00

Prime Minister Ranil Wickremesinghe yesterday announced new measures to reduce lending rates, especially for Small and Medium Enterprises (SMEs), but stopped short of putting a cap on lending interest rates. The Prime Minister, announcing the new m

Credit crunch conundrum

Views - 1326 Wednesday, 10 April 2019 02:12

After sharp gains in the past two years, the country is besieged with a credit crunch, especially the small and medium sector, forcing the Central Bank and the Government to take effective measures. High market interest rates, despite significant dro

A decade after his killing, Lasantha’s daughter seeks justice in the US

Views - 2521 Tuesday, 9 April 2019 00:38

The daughter of slain Editor of The Sunday Leader Lasantha Wickrematunge has reportedly sued Gota-baya Rajapaksa in a United States court over the murder of her father in January 2009, accusing the former Defence Secretary of instigating and authoris

IPS Chief stresses Budget implementation key to revive growth

Views - 590 Monday, 8 April 2019 00:23

By Charumini de Silva Institute of Policy Studies Sri Lanka Executive Director Dushni Weerakoon says the implementation of Budget proposals is crucial midst mounting pressure on the fiscal side and challenges to revive economic growth. “Despite t

2019 Budget gets Parliament nod

Views - 431 Saturday, 6 April 2019 00:01

The vote on the third and final reading of Budget 2019 was passed in Parliament by a majority of 45 votes yesterday. The vote, taken last evening, received 119 votes in favour and 74 votes against. The TNA, SLMC, and

ADB tips 3.6-8% economic growth for Lanka till 2020

Views - 665 Friday, 5 April 2019 00:00

The Asian Development Bank (ADB) yesterday said Sri Lanka’s economic growth is projected to pick up to 3.6% in 2019 and further to 3.8% in 2020 from 3.2% in 2018. ADB’s flagship annual economic publication Asian Development Outlook (ADO) 2019, fo

CEB unions blame each other for power crisis

Views - 1034 Thursday, 4 April 2019 02:04

The blame game in the power crisis took another turn yesterday, with the Ceylon Electricity Board (CEB) Engineers’ Union pointing fingers at the Public Utilities Commission, only a day after the CEB was taken to courts by the regulator for non-comp

MR renews warning against draconian and undemocratic Counter Terrorism Bill

Views - 516 Wednesday, 3 April 2019 00:00

Opposition Leader and former President Mahinda Rajapaksa yesterday renewed his serious concern over the Counter Terrorism Bill, warning it will destroy democratic rights of people and lead the country to a repressive ‘police state’. Briefing edit

CEB acts to light up SL

Views - 1731 Tuesday, 2 April 2019 00:06

Ceylon Electricity Board (CEB) yesterday signed a power purchase agreement with one independent power producer to the grid, while issuing a Letter of Intent (LOI) for three successful bidders in supplementary power tender, highly placed sources confi

Cabinet nod for Trade Assistance Program

Views - 702 Monday, 1 April 2019 00:22

The Trade Assistance Program (TAP), which was formulated by the Government to offset adverse impact to companies and workers from tariff and para-tariff removals, as well as increased competition from Free Trade Agreements (FTAs), received Cabinet ap

PM dismisses defeat of expenditure heads

Views - 943 Saturday, 30 March 2019 00:01

Prime Minister Ranil Wickremesinghe yesterday denied that the defeat of several expenditure heads in Parliament on Thursday created any serious threat for the Government and dismissed its repercussions by pointing out it was only a loss of Rs. 320.

Sirisena hits SLAS with home truths

Views - 2348 Friday, 29 March 2019 00:01

By Nuwan Senarathna Delivering some home truths, President Maithripala Sirisena yesterday took the cream of Sri Lanka’s public sector to task for making tough demands from the Government on salaries and other perks, but failing to deliver on cri

Vehicle importers cry foul over customs anomalies on hybrid car classification

Views - 1465 Thursday, 28 March 2019 01:56

The Vehicle Importers’ Association of Lanka (VIAL) yesterday charged that bureaucrats with vested interests within the Department of Customs is costing the Government, its membership, and the public millions in revenue. At a media conference, VIALc

President electrocutes PUCSL for power crisis

Views - 1797 Wednesday, 27 March 2019 00:00

By Chathuri Dissanayake President Maithripala Sirisena found fault with the Public Utilities Commission for creating the power shortage in the country during yesterday’s Cabinet meeting. Discussing the power crisis in the country, the President sa

PUCSL to take legal action against CEB

Views - 1690 Tuesday, 26 March 2019 00:10

The Public Utilities Commission of Sri Lanka (PUCSL) is set to take legal action against the Ceylon Electricity Board for carrying out scheduled power interruptions sans their approval, noting the move was illegal as per the conditions of the License

Largest ever FDI sign of working Govt. says PM

Views - 1669 Monday, 25 March 2019 00:11

Kicking off the $3.8 billion refinery project, billed as the largest Foreign Direct Investment (FDI) to be received by Sri Lanka, in Hambantota yesterday, Prime Minister Ranil Wickremesinghe outlined ambitious plans to attract investment from multipl

Govt. signs largest project loan with China

Views - 792 Saturday, 23 March 2019 00:10

The Government yesterday signed the single largest project loan with China for $ 989 million, which will be used to fund the first phase of the Central Expressway project, the Finance Ministry said yesterday. The $ 989 million loan is from the EXIM B

Solar under shade

Views - 2326 Friday, 22 March 2019 00:00

Years of Government delays in implementing solar power projects has increased the danger of power supply shortages, the Solar Industries Association (SIA) said yesterday, calling for approvals for nearly 600 applications

Ranil revs up private sector

Views - 1422 Thursday, 21 March 2019 01:26

Delivering a vote of confidence,Prime Minister Ranil Wickremesinghe on Tuesday backed the private sector insisting that as the engine of growth they have what it takes to deliver a stronger economy for Sri Lanka and pledged to provide support for com

Smooth start for FDI: Govt.

Views - 1101 Wednesday, 20 March 2019 00:00

Emboldened by a $ 3.85 billion investment for an oil refinery in Hambantota, the Board of investment (BOI) is confident of meeting this year’s targets, focusing on manufacturing and service sector investments to give the country’s economy a much-

Swift conclusions to corruption trials needed: President

Views - 337 Tuesday, 19 March 2019 01:26

President Maithripala Sirisena yesterday said that even though there was a clear policy for combating corruption, law enforcement still remained problematic, acknowledging that swift conclusion to corruption cases was also needed. Speaking at the c

Dhammika makes strong case for national strategy for AI

Views - 2375 Monday, 18 March 2019 00:00

Business leader Dhammika Perera last week made a compelling case for why Sri Lanka should urgently prepare a national strategy for Artificial Intelligence (AI) as a progressive move to address multiple socio-economic problems, warning failure would m

Govt. promising but underspending on education: JVP

Views - 229 Saturday, 16 March 2019 00:13

By Ashwin Hemmathagama – Our Lobby Correspondent In successive Budgets, the Government has consistently reduced public funding for education as a percentage of GDP and failed to disburse the pledged funds, the Opposition said yesterday, pointing ou

MR’s time no “golden era”: PM

Views - 1023 Friday, 15 March 2019 00:00

Prime Minister Ranil Wickremesinghe yesterday challenged the Opposition assumption that the former Government had created a ‘golden era’, insisting that it had overseen a time when Sri Lanka’s exports had reduced, its economy lost its competiti

Six committees for Budget implementation: Mangala

Views - 836 Thursday, 14 March 2019 02:41

Deflecting criticisms of tax changes in Budget 2018, Finance Minister Mangala Samaraweera yesterday contended that proposals were focused on creating a level playing field for local businesses and that six committees would be appointed to monitor imp

Today's Columnists

Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre

Enemies of democracy – Part I Demand for a strongman to rule the country

Monday, 22 April 2019

I posed the following question to a group of university students recently: ‘Do you desire to have a strongman to rule Sri Lanka today?’ The students, made up of both genders in the age group of 25 to 35, chorused the answer in the affirmative. Wh

The sad demise of Jet Airways

Monday, 22 April 2019

Jet Airways of India, once the premier full-service carrier of the sub-continent, has ceased operations. “Jet Airways and its Board of Directors have been forced to take this extreme measure, as prolonged and sustained efforts with lenders and auth

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

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