Adhering to intl. conventions crucial to GSP+: EU

Views - 249 Saturday, 16 February 2019 00:10

Sri Lanka’s continued commitment to 27 international conventions, including maintaining the moratorium on the death penalty, remains crucial to retaining GSP+, the European Union (EU) has said. Releasing a joint statement after the EU and Sri Lank

SL to grow 3.5% in 2019: WB

Views - 614 Friday, 15 February 2019 00:06

Sri Lanka’s growth is expected to recover moderately to 3.5% in 2019, up from 3.1% last year, the World Bank said yesterday, but warned the country will face stiff headwinds from high debt repayments, difficult global environment, and possible poli

PM launches Citra, Sri Lanka’s first Social Innovation Lab

Views - 1015 Thursday, 14 February 2019 02:59

The Citra Social Innovation Lab, co-developed by the Ministry of Science, Technology and Research and the United Nations Development Program, was officially launched under the auspices of Prime Minister Ranil Wickremesinghe yesterday As Sri Lanka’s

Sri Lankan Entrepreneur of the Year 2018

Views - 2167 Wednesday, 13 February 2019 00:00

Prime Minister Ranil Wickremesinghe presents the National Platinum Award (Extra Large Category) to Sakya Higher Education Group Chairman Bandara Dissanayake at the awards ceremony of the annual Sri Lankan Entrepreneur of the Year competition, organis

Sri Lanka and India are two sides of the same coin: Ranil

Views - 944 Tuesday, 12 February 2019 00:20

Reinforcing the importance of stronger ties, especially economic Prime Minister Ranil Wickremesinghe on Sunday described Sri Lanka and India as “two sides of the same coin.” Speaking at the a reception to co

Dhammika Perera prescribes policy dose

Views - 2057 Monday, 11 February 2019 00:51

A data-based approach to policymaking was advocated by well-known businessman Dhammika Perera to rapidly expand Sri Lanka’s economic growth, with special emphasis on education. Perera, speaking at an event organised by the National Intellectuals Or

RPCs reject fresh revisions to new Collective Agreement

Views - 538 Saturday, 9 February 2019 00:20

Plantation companies are opposed to further increases in plantation worker wages, which saw an increase in the basic wage just last month, despite several trade unions initiating fresh negotiations this week.

Speaker rebuts President

Views - 549 Friday, 8 February 2019 00:00

By Ashwin Hemmathagama – Our Lobby Correspondent Speaker Karu Jayasuriya stood strong after President Sirisena’s remarks on the Constitutional Council and its responsibilities, and the widely accepted role of the Human Rights Commission of Sri L

Sweeping changes to Customs in coming months

Views - 3003 Thursday, 7 February 2019 01:33

Finance and Mass Media Minister Mangala Samaraweera lauded reinstated Customs Director General P.S.M. Charles with praise yesterday, expressing full confidence in her abilities to bring the ‘business mafia’ operating in the Port to book, with new

Charles back in charge

Views - 1396 Wednesday, 6 February 2019 00:00

By Chathuri Dissanayake Under pressure from unions and importers, the Government yesterday reinstated Director General of Customs P.S.M. Charles, who was to be replaced by a retired Navy officer. Finance and Mass Media Minister Mangala Samaraweera

President raps politicians for country’s paralysis

Views - 981 Tuesday, 5 February 2019 01:48

President Maithripala Sirisena yesterday during his Independence Day address made a string of political and economic observations focusing on development, fighting corruption, holding provincial council elections and criticised actions during the rec

Sri Lanka celebrates 71st Independence Day

Views - 7221 Monday, 4 February 2019 00:16

All is in readiness for Sri Lanka to celebrate its 71st Independence Day with festivities organised countrywide to mark the occasion. The main event will be held at Galle Face and will be presided over by President Maithripala Sirisena and Prime Mini

UNP moves to form national government

Views - 380 Saturday, 2 February 2019 00:10

Leader of the House Minister Lakshman Kiriella yesterday submitted a motion to the Secretary General of Parliament, informing him that the United National Party (UNP) wishes to form a national government for which it needs parliamentary approval.

Malik says more big ticket investments due in 2019

Views - 1508 Friday, 1 February 2019 00:00

Outlining major plans for 2019 and beyond, Development Strategies and International Trade Minister Malik Samarawickrama yesterday said the Ministry is targeting

Construction cash strapped

Views - 2362 Thursday, 31 January 2019 03:05

Delays in Governm-ent payments for construction projects countrywide, amounting to billions of rupees, has resulted in thousands of construction companies facing hardship with many facing bankruptcy, an industry body warned yesterday.

Tax and policy incentives for Port City soon

Views - 1253 Wednesday, 30 January 2019 00:49

Government incentives given for Port City investors will be announced in the coming weeks, while regulations for the Colombo International Financial City (CIFC) are also to be presented to Cabinet after presentation to the Prime Minister, Economic Re

Limits, depreciation trigger first import dip in 17 months

Views - 878 Tuesday, 29 January 2019 03:28

Restrictions and depreciation have triggered imports to report first ever decline in 17 months in November and help significantly narrow the trade deficit with exports improving by a modest 4.1%.

Govt. enhances Enterprise Sri Lanka loan scheme

Views - 2031 Monday, 28 January 2019 02:15

The Government said yesterday it was expanding the successful Enterprise Sri Lanka concessionary loan scheme, empowering two key segments of the economy. The Finance Ministry said migrant workers would be given up to Rs. 10 million concessionary hous

RPCs and unions reach settlement; estate workers to receive 40% wage increase

Views - 968 Saturday, 26 January 2019 00:10

Closing months of negotiation between plantation worker trade unions and Regional Plantation Companies (RPCs), the two parties reached a settlement yesterday to increase the basic daily wage to Rs. 700, with a Rs. 100 million pledge by the Government

COPE lists SOE losses

Views - 2014 Friday, 25 January 2019 00:00

The first report of the Committee on Public Enterprises (COPE) for the period from 1 July – 30 September 2017 was presented yesterday in Parliament, highlighting key issues with SriLankan Airlines and Milco for continuous losses and mismanagement o

Apparel cracks $ 5 b target

Views - 1897 Thursday, 24 January 2019 03:12

Sri Lanka’s apparel industry has benchmarked itself at new heights, surpassing $5 billion in export earnings in 2018, and is setting its eyes on hitting $8 billion by 2025. The total earnings from export of apparel products falling under HS chapt

War against Fall Armyworm

Views - 891 Wednesday, 23 January 2019 00:45

The Government yesterday announced a host of new measures to intensify the battle against the Fall Armyworm (Spodoptera frugiperda) attacking maize cultivations in the country, to mitigate any possibility of it spreading to other crops, allocating fu

CB calls for managers to raise $ 2 b in bonds

Views - 1168 Tuesday, 22 January 2019 01:01

The Central Bank yesterday issued a request on proposals from investment banks to sell up to $ 2 billion in international sovereign bonds as the Government readies to repay $ 5.9 billion in debt this year. The notice posted on the Central Bank websit

EIU forecasts SL’s growth to be below 5%

Views - 1131 Monday, 21 January 2019 00:52

The influential Economist Intelligence Unit (EIU) is forecasting a growth rate of below 5% for Sri Lanka over the next five years, though it expects a pickup in 2019 in comparison to last year. In its latest Country Report, released recently, the EI

Sri Lanka to grow 3.5%-4%: CCC

Views - 1013 Saturday, 19 January 2019 00:10

The Economic Intelligence Unit of the Ceylon Chamber of Commerce (CCC) expects Sri Lanka to grow by about 3.5% in 2019 buoyed by increased rainfall and stronger consumption but was cautious of

CB to raise over $5b in 1Q

Views - 1798 Friday, 18 January 2019 00:00

The Central Bank is steaming ahead to raise funds for debt repayments, aiming to raise in excess of $5 billion over the next two months from a range of sources, including currency swaps from India, loans from Chinese banks, an international sovereign

Port City is here for all!

Views - 2070 Thursday, 17 January 2019 01:29

The reclamation of the 269 hectares of the Port City was officially completed yesterday, setting the stage for the next phase of seeking investment with officials, saying they would redouble efforts to restart talks stalled during the recent politica

CSE expresses optimism amidst headwinds

Views - 1059 Wednesday, 16 January 2019 00:00

Despite the challenging times ahead, the county’s capital market is optimistic that the progressive line-up measures will continue anticipating sizeable investments to take-off ground this year. Outlining the key elements of the Colombo Stock Excha

Tripartite agreements for Port City investments

Views - 1878 Tuesday, 15 January 2019 00:56

As dredging work in the Port City draws to a close the Government is now looking at drawing up tripartite agreements with possible investors to develop the new addition to the country’s landmass. The legal framework for investments, still under di

Gota says ready for presidency!

Views - 4013 Monday, 14 January 2019 00:25

Giving the clearest indication yet of his intention to run in the upcoming Presidential elections, former Defence Secretary Gotabhaya Rajapaksa has said he is ready to take up the challenge when polls are called, possibly towards the end of 2019.

Today's Columnists

MMDA, ACJU, politicians and women

Saturday, 16 February 2019

It is 10 years since Justice Saleem Marsoof (JSM) and his committee was appointed to review and make recommendations to reform the Muslim Marriage and Divorce Act (MMDA), passed originally in 1951 and amended in 1954, 1955, 1965 and 1969 before becom

President Trump looked for the failed idea of a wall

Saturday, 16 February 2019

The talks over the “Wall of Trump” between the US-Mexico Border Security broke down with Congressional leaders over the weekend. After the renewed call for a wall at his second State of the Union, President Donald Trump attended a political rally

‘The Man Who Would Be King’: Remembering Anura Bandaranaike on his 70th birth anniversary

Friday, 15 February 2019

‘The Man Who Would Be King’ is the title of a long tale written by Rudyard Kipling in 1888. This very popular story was made into a successful film starring Sean Connery, Michael Caine and Christopher Plummer by the well-known director John Husto

Of pseudo-democrats, discipline and the coming death of liberty?

Friday, 15 February 2019

I despair of our politicos and would-be politicians. Not that they are not all honourable men. From the honourable prime minister to the former defence secretary discharging his duty honourably after premature retirement! But that honour often dresse

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