Tourism troublemakers to face tougher times

Views - 118 Saturday, 21 April 2018 00:08

The Government listed out yesterday a comprehensive approach to ensure the safety of tourists after a spate of sexual attacks and violence targeting foreign visitors, while assuring that law and order will be enforced irrespective of status to all pe

Sagala gets tough on southern tourism trade

Views - 1861 Friday, 20 April 2018 00:00

In a hard-hitting move Southern Development and Youth Affairs Minister Sagala Ratnayake directed all hotel and restaurant

Govt. slaps 15% levy on gold imports

Views - 899 Thursday, 19 April 2018 00:40

The Government yesterday slapped a levy of 15% on gold imports effective midnight, to curb overseas purchases by traders looking to take advantage of a favourable price arbitrage with top consumer India.

Govt. guarantees safety of tourists with new measures

Views - 1635 Wednesday, 18 April 2018 02:23

The Government yesterday promised to ensure the safety of tourists, with new measures put in place after the recent assault on a group of foreign visitorsto Weligama.

Big demand from global investors for SL’s mega $ 2.5 b Sovereign Bond

Views - 1471 Tuesday, 17 April 2018 00:30

Sri Lanka’s largest ever Sovereign Bond issue with a combined value of $ 2.5 billion successfully concluded late last week, drawing widespread demand from global investors and enabling the Central Bank to close the issuance at attractive pricing wi

New Cabinet for New Year

Views - 1211 Thursday, 12 April 2018 00:00

A new Cabinet of Ministers is to be appointed this week with the inclusion of the Sri Lanka Freedom Party (SLFP), continuing

Karu urges public sector to “stop bleeding”

Views - 843 Wednesday, 11 April 2018 00:00

Speaker of Parliament Karu Jayasuriya yesterday urged the public sector and state-owned business enterprises to improve good

Eran to discuss fuel pricing formula with IMF

Views - 940 Tuesday, 10 April 2018 00:50

State Minister of Finance Eran Wickramaratne is to discuss the transparent price mechanism for fuel with the International Monetary Fund (IMF) on the side-lines of its Spring Meetings in Washington, after the Government missed a previous deadline to

Exports kick off 2018 with near 12% gain

Views - 564 Monday, 9 April 2018 00:45

The new year opened on a high note for exports with growth posted at 11.6% to $ 965.4 million in January but the trade deficit surpassed $ 2 billion, dulling the achievement as imports rose 12%, driven by fuel, fertiliser and electric car imports, th

Maithri offers olive branch to warring MPs

Views - 547 Saturday, 7 April 2018 00:38

Hot on the heels of the defeat of the No-Confidence Motion against the Premier, President Maithripala Sirisena yesterday invited all Members of Parliament to extend their support to strengthen the Government to usher rapid development in the interest

New SriLankan Board ready for “challenging” takeoff to viability

Views - 1787 Friday, 6 April 2018 00:00

The new Board of Directors of SriLankan Airlines yesterday declared that making the national carrier profitable was a “difficult and challenging task but achievable.”

Royal victory for Ranil

Views - 4544 Thursday, 5 April 2018 01:43

By Skandha Gunasekara and Ashwin Hemmathagama Prime Minister Ranil Wickremsinghe yesterday emerged victorious after he managed to decisively defeat the much anticipated No-Confidence Motion with a comprehensive majority of 46 votes and will meet Pres

Nation nervy over No-confidence today!

Views - 2959 Wednesday, 4 April 2018 00:00

Prime Minister Ranil Wickremesinghe will face a crucial no-confidence motion in Parliament today that could go down to the wire

All’s well with IRA

Views - 1655 Tuesday, 3 April 2018 00:20

By Uditha Jayasinghe Barely a day after the new Inland Revenue Act (IRA) came into force, Finance Minister Mangala Samaraweera and his deputy Eran Wickramaratne stepped out to fight anew on an old battlefield, insisting the regulations promoted soci

New consortium buys control of Melsta Regal Finance for Rs. 2.5 b

Views - 3743 Monday, 2 April 2018 00:38

A new consortium comprising foreign and local institutions has acquired 100% control of Melsta Regal Finance Ltd. for an estimated Rs. 2.5 billion.

Lankan politics in management crisis: Dr. Amunugama

Views - 1150 Saturday, 31 March 2018 00:18

In a thought-provoking speech, a veteran minister pointed out it was high time that Sri Lanka began to think of management as an absolutely vital top level input for the future economic growth, insisting Sri Lankan politics seemed to be facing a mana

UNP Working Committee decides to defeat NCM

Views - 477 Friday, 30 March 2018 00:00

The UNP Working Committee met yesterday at Sirikotha, where it was unanimously decided that all UNP MPs would work

President brings CB under Finance Ministry purview

Views - 2169 Thursday, 29 March 2018 00:41

By Skandha Gunasekara In a major and contentious move, the President Maithripala Sirisena, issuing an Extraordinary Gazette notification last evening, removed the Central Bank from the purview of the Ministry of National Policies and Economic Affairs

Central Bank calls for proposals to raise $1 b

Views - 1108 Wednesday, 28 March 2018 00:00

The Central Bank has released a Request for Proposals to raise a Foreign Currency Term Financing Facility (FTFF) of $ 1 billion

Expert says debt repayment levy ends up 0.25% on financial VAT

Views - 1282 Tuesday, 27 March 2018 00:45

The much-discussed debt repayment levy proposed in the 2018 Budget is now ending up as 0.25% of the financial VAT, which is slated to come into effect from 1 April, a veteran in the industry confirmed yesterday (26 March).

Economy to recover in 2018, gather pace next year

Views - 964 Monday, 26 March 2018 00:00

Asia Securities predicts 2019 will see faster economic pickup than this year as Government expenditure is likely to increase with a number of consumer-friendly policies coming into play ahead of the 2020 Presidential Election.

Liability Management Act passed

Views - 825 Saturday, 24 March 2018 00:56

Despite chaos reigning in Parliament once again, the much awaited Active Liability Management Bill was passed by the House yesterday (23 March) with the Bill receiving a comfortable majority of 51 votes for and only 2 against.

United National Front pledges to defeat no-confidence against PM

Views - 622 Friday, 23 March 2018 00:00

All parties representing the United National Front yesterday gathered to sign a document expressing their confidence

Tea primps for Rs. 4.5 b global campaign

Views - 779 Thursday, 22 March 2018 00:13

By Uditha Jayasinghe The long-awaited Rs. 4.5 billion international marketing campaign for Sri Lanka’s tea industry took a giant leap forward yesterday, with Dentsu Grant signing the agreement to promote Ceylon Tea across 12 countries. The Rs. 21

2017 sinks to slowest economic growth in 16 years

Views - 2638 Wednesday, 21 March 2018 01:08

The country’s economy in 2017 had grown by only 3.1%, the slowest rate in 16 years and lower than the 4.4% achieved in 2016, as per data released yesterday by the Department of Census and Statistics (DCS).

Tourism industry tapers down impact of communal clashes

Views - 1142 Tuesday, 20 March 2018 00:27

Considering the adverse impact of the upheaval that took place in the country, Tourism Development Minister John Amaratunga yesterday (19 March) said Sri Lanka may miss the 2.5 million tourist arrival target this year as well.

President lifts state of emergency

Views - 234 Monday, 19 March 2018 01:53

As the army begins to withdraw troops from Kandy, President Maithripala Sirisena ended the state of emergency which was imposed in the country two weeks ago to control extremist attacks on the Muslim community in the central hill capital.

Manufacturing, services pick up in Feb.

Views - 330 Saturday, 17 March 2018 00:40

The country’s manufacturing and services sectors have expanded better in February than the lag suffered in January according to the performance of the latest Purchasing Managers Index.

SL becomes ‘socially’ democratic again!

Views - 534 Friday, 16 March 2018 00:00

After days of intense pressure to lift restrictions on social media, President Maithripala Sirisena yesterday issued instructions to unblock Facebook

Colombo Port gets competitiveness boost

Views - 1870 Thursday, 15 March 2018 00:55

By Uditha Jayasinghe The terminal operators of Colombo Port yesterday made a bid to improve its efficiency by signing a landmark Memorandum of Understanding to (MoU) to unload excess ships of their competitors if berths are available, reducing wai

Today's Columnists

Syria: A case of using ‘false flags’ or fake news to start a war

Saturday, 21 April 2018

The airstrikes carried out by the US, UK and France on alleged chemical weapons fa

Has the ‘colonial diarchy’ come to Sri Lanka again?

Friday, 20 April 2018

For the last three four months, Sri Lanka has not been moving forward as it should have been. The most affected are the economy

The glyphosate story – CKDu, food security and national economy

Thursday, 19 April 2018

We in Sri Lanka have a history to be proud of. According to our historical record, the golden age of Sri Lankan agriculture production centres around Polonnaruwa during reign of King Parakramabahu the Great (1153-1186 AD).

President is powerless to remove the Prime Minister

Thursday, 19 April 2018

Some commentators have persistently advanced the proposition that, notwithstanding the 19th Amendment to the Constitution, the President’s power to remove the Prime Minister is intact. It is a view that relies on a literal reading of the Sinhala te

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