Will deliver fresh start for SL: GR

Views - 1539 Wednesday, 16 October 2019 01:52

SLPP presidential candidate Gotabaya Rajapaksa said yesterday that he did not recognise the UNHRC resolution co-sponsored by the Sri Lanka Government on ‘Promoting Reconciliation, Accoun-tability and Human Rights in Sri Lanka’ as a legal document

Trade deficit drops down by $ 2.3 b

Views - 1054 Tuesday, 15 October 2019 00:00

Sri Lanka’s trade deficit contracted by $ 2.3 billion to $ 4.8 billion during the first eight months of this year, the Central Bank said yesterday, with August seeing an import decline of 16.6% while exports declined by 0.4%. The deficit in the tr

CB warns against fiscal slippage

Views - 1203 Monday, 14 October 2019 00:24

Climbing inflation, currency pressures, and impact from reducing interest rates as the Presidential Elections move closer promoted the Central Bank to keep policy rates unchanged, Central Bank Governor Dr. Indrajit Coomaraswamy said, but he warned th

CB keeps policy rates unchanged

Views - 364 Saturday, 12 October 2019 00:00

The Central Bank yesterday decided to keep policy rates unchanged so the previous reduction in rates could filter through to markets and also safeguard against higher inflation during festivity months as well as any fiscal slippage that could be seen

Sajith spotlights policies for growth

Views - 2396 Friday, 11 October 2019 00:20

United National Party (UNP) presidential candidate Sajith Premadasa yesterday sought to spotlight promoting judicial Independence, maintaining law and order and reforming the public service, underpinned by economic plans for regional industrialisatio

GR outlines policies for masses

Views - 2290 Thursday, 10 October 2019 02:52

Sri Lanka Podujana Peramuna (SLPP) presidential candidate Gotabaya Rajapaksa yesterday focused on sweeping promises and populist policies that emphasised writing off farmers’ debts, ensuring stable prices, establishing a pension scheme for farmers

Lending rate caps will give economic tailwind in March: CB

Views - 1212 Wednesday, 9 October 2019 00:00

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday defended the monetary authority’s decision to impose caps on interest lending rates, insisting that it was an effort aimed at giving a strong tailwind to the economy to grow post-March once

Presidential race 2019 officially kicks off

Views - 1664 Tuesday, 8 October 2019 00:00

Thirty-five of the 41 presidential aspirants, who had paid their deposits, handed in their nomination papers at the Election Commission yesterday, officially kicking off the six-week-long election campaign.

Record number to hand in nominations today

Views - 1504 Monday, 7 October 2019 00:40

A record number of 41 presidential aspirants will hand in their nomination papers at the Election Commission this morning, more than double the number of candidates who contested in the 2015 poll.

Court gives go ahead for Gota

Views - 918 Saturday, 5 October 2019 00:20

in an unanimous decision a three-judge bench of the Court of Appeal yesterday dismissed the writ application filed challenging the validity of presidential aspirant Gotabaya Rajapaksa’s Sri Lankan citizenship.

GR’s lawyers argue dual citizenship certificate valid

Views - 3378 Friday, 4 October 2019 00:00

Lawyers for SLPP presidential hopeful Gotabaya Rajapaksa yesterday insisted that President Mahinda Rajapaksa was the repository of all executive power before a Cabinet of Ministers was appointed, and was therefore legally empowered to sign his brothe

Legal battle over Gota’s citizenship status begins

Views - 3671 Thursday, 3 October 2019 02:45

Security was beefed up around the Superior Courts Complex as the high stakes litigation challenging the validity of SLPP presidential hopeful Gotabaya Rajapaksa’s Sri Lankan citizenship was taken up before a special three-judge bench of the Court o

Govt. handling of State finances worst since Independence: MR

Views - 533 Wednesday, 2 October 2019 00:00

Opposition Leader Mahinda Rajapaksa yesterday severely criticised the Government as the worst administration to have mishandled State finances in the 71 years since Independence and insisted this was due to borrowings for “political endeavours” a

Gota candidacy on knife’s edge ahead of nominations day

Views - 7369 Tuesday, 1 October 2019 01:54

A three-judge bench of the Court of Appeal (CA) will commence hearings on a writ challenging the Sri Lankan citizenship of former Defence Secretary Gotabaya Rajapaksa running for president, just three days ahead of the nominations deadline for the 16

Global Swedish giant IKEA resumes sourcing from SL

Views - 10500 Monday, 30 September 2019 07:58

IKEA, the Swedish-founded global home furnishings and appliances giant, has resumed sourcing from Sri Lanka with a planned increase in the number of products after a lapse of few years giving a big boost for the export sector. A sourcing team from IK

Exports decline 7% in July

Views - 641 Saturday, 28 September 2019 00:05

Exports in July declined by 7% after posting steady growth for more than a year, which expanded the trade deficit to $ 717 million but in cumulative terms the deficit for the first seven months of the year contracted by $ 2 billion in the first seven

Strongman Sajith seals selection

Views - 2357 Friday, 27 September 2019 00:00

Unanimously endorsed as the party’s presidential candidate, an upbeat UNP Deputy Leader Sajith Premadasa yesterday said he was supremely and absolutely confident of winning the upcoming election. “I am supremely and absolutely confident of winnin

No quick fixes for economy: PM

Views - 608 Thursday, 26 September 2019 07:48

Referring to elections as the “season of promises” Prime Minister Ranil Wickremesinghe yesterday cautioned the private sector against believing in quick fixes for the economy as a challenging external environment will continue to pose challenges

Dhammika designs ‘SL 2030: A Developed Nation’

Views - 3945 Wednesday, 25 September 2019 00:00

Well-known business leader Dhammika Perera yesterday launched ‘Sri Lanka 2030: A Developed Nation’, which presents goals and recommendations for 21 ministries. The aim of the document is to lay out an economic growth strategy and action plan to i

PM backs decisive private sector role in future of tourism

Views - 859 Tuesday, 24 September 2019 02:23

Prime Minister Ranil Wickremesinghe yesterday backed a greater role and say by the private sector in destination marketing and development if the country were to properly harness its tourism potential. A private-public partnership in global destinat

Taj bullish on SL tourism

Views - 3770 Monday, 23 September 2019 03:23

India’s iconic and world-famous hospitality brand Taj yesterday expressed growing optimism on Sri Lanka committing over $ 40 million investment in the medium term to upgrade existing hotels as well as expand its footprint locally. “We are confi

RW wants executive presidency move to be inclusive

Views - 1273 Saturday, 21 September 2019 00:30

Prime Minister Ranil Wickremesinghe yesterday said that each political party would have to take a decision on the fate of the executive presidency and present their options before the public so that citizens can make a final decision. He also said

Cabinet meeting to rush 20A through P’ment ends amidst strong opposition

Views - 3127 Friday, 20 September 2019 00:00

A Cabinet meeting was hurriedly summoned last afternoon to obtain approval to rush the 20th Amendment to the Constitution, which seeks to abolish the Executive Presidency, through Parliament, but was stopped on its tracks after a group within the Uni

Leadership key to drive change, says presidential candidates’ reps

Views - 665 Thursday, 19 September 2019 02:04

Leadership is crucial to provide answers to many of Sri Lanka’s governance and growth issues, noted representatives of three presidential candidates yesterday who acknowledged the role political will would have to play in reforming State Owned Ente

SL needs recalibration for growth leap: PM

Views - 930 Wednesday, 18 September 2019 00:00

Prime Minister Ranil Wickremesinghe yesterday said that for Sri Lanka to see exponential growth, it has to make a clean break from the inward-looking policies of the past, recalibrate and move towards increased productivity and competitiveness, under

Politics not a deterrent to investment: Malik

Views - 598 Tuesday, 17 September 2019 01:01

International Trade and Development Strategies Minister Malik Samarawickrama yesterday called for investors to not be deterred by Sri Lanka’s political situation and continue to consider it as an attractive investment destination. Speaking at the S

New Monetary Law Act crucial for investor confidence: CB

Views - 1053 Monday, 16 September 2019 02:07

Passing the new Monetary Law Act is essential to bolstering confidence of international financial markets and rating agencies as Sri Lanka looks to borrow about $ 3 billion annually for the next three years to refinance debt repayments, Central Bank

Moody’s warns SOE liabilities rising

Views - 684 Friday, 13 September 2019 00:00

Moody’s Investors Service yesterday warned liabilities of State-Owned Enterprises (SOEs) in several countries including Sri Lanka have increased and could pose contingent risk to Government balance sheets. The new report looked at challenges posed

Govt. has “failed comprehensively” on economic reform: Dr. Sally

Views - 3929 Thursday, 12 September 2019 01:21

The Government has “failed comprehensively” to use the rare opportunity given in 2015 to formulate economic reforms, renowned economist Dr. Razeen Sally said yesterday, pointing out that even the incremental political and institutional changes it

Ruwan W says President’s move obstructs SLRC reforms

Views - 724 Wednesday, 11 September 2019 00:00

Non-Cabinet Minister of Mass Media Ruwan Wijewardene yesterday accused President Maithripala Sirisena of repeatedly obstructing his attempts to change the management of Sri Lanka Rupavahini Corporation (SLRC), leading to the impasse which resulted in

Today's Columnists

Facing the chill wind: Decline in agricultural exports in Sri Lanka

Thursday, 17 October 2019

During the past two years, there is a marked increase in the export revenue as indicated in table 1. The export earnings from January to July 2019 also grew by 2.8% compared to the corresponding period of the previous year, despite the uncertainties

The ‘Strategic Blueprint’ of your firm: Articulating your competitive strategy

Thursday, 17 October 2019

Why do many firms fail to achieve their ambitions and growth targets in revenue and profitability? Several reasons can be found and one of the fundamental issues lies with the firm’s leadership not being able to articulate its competitive strategy

Innovation conundrum: We do or don’t do!

Thursday, 17 October 2019

It is perhaps important to highlight the need for seriously considering an aspect that we need to embrace and embed if we are ever to transform our economy from a dependent deprived status to a one worthy of emulation. The aspect in question is innov

Palaly comes to life again

Thursday, 17 October 2019

Today, 17 October, Sri Lanka is scheduled to re-open the Palaly Airport as its third international aerodrome. There will be many who will applaud and give praise for the refurbishment and upgrading of the new airport; and there will be others who wil

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