Appropriation Bill approved by Cabinet

Views - 15 Thursday, 20 September 2018 02:22

By Chathuri Dissanayake Government this week approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in Parliament during the second week of October, Cabinet Co-spokesperson Gayantha Karunathilaka said yester

Economy recovers to 3.7% growth

Views - 914 Wednesday, 19 September 2018 00:00

The country’s economy has recovered in the second quarter to manage a 3.7% growth, higher in comparison to 3% a year earlier but marginally above 3.5% gain in the first quarter.

Big boost for foreign investment into listed companies

Views - 2564 Tuesday, 18 September 2018 00:15

Foreign investments into listed companies are set to get a big boost following the recent amendment to the Land Restrictions on Alienation Act.

PM calls on private sector to get involved in education reform

Views - 677 Monday, 17 September 2018 00:45

Prime Minister Ranil Wickremesinghe on Friday (14 September) called on the private sector to set up educational institutions to cater to the emerging needs of the economy, while insisting that the Government would provide funding for students.

President slams CID, AG for inaction

Views - 1927 Saturday, 15 September 2018 00:10

President Maithripala Sirisena yesterday slammed the conduct of the Criminal Investiga- tions Departmen

No change in policy direction: Eran

Views - 634 Friday, 14 September 2018 00:00

Despite global challenges, twin deficits and slow growth, the Government remains dedicated to its reform policies centered on fiscal consolidation and liberalisation, State Minister of Finance Eran Wickramaratne said yesterday, ruling out a change of

SL not in Chinese debt trap: PM

Views - 882 Thursday, 13 September 2018 00:00

Prime Minister Ranil Wickremesinghe yesterday denied that Sri Lanka was in danger of spiralling into a debt trap from excessive Chinese borrowing, and insisted the country was not “under threat” from trade tensions between US and China. Speaking

Fresh policies needed for viable development: UN

Views - 509 Wednesday, 12 September 2018 00:00

As the Government prepares to present Budget 2019, United Nations Independent Expert on Foreign Debt and Human Rights,

TAP to be presented to Cabinet this month

Views - 582 Tuesday, 11 September 2018 00:00

By Uditha Jayasinghe The Trade Adjustment Programme (TAP) by the International Trade and Development Strategies Ministry is likely to be presented to Cabinet this month, after recommendations and feedback from stakeholders, including Cabinet members

Changing to a tradable economy crucial: PM

Views - 1111 Monday, 10 September 2018 01:48

Transforming Sri Lanka’s economy from a non-tradable focus to create more tradable goods is the basis of the economic restructuring targeted by the Government, Prime Minister Ranil Wickremesinghe said yesterday, calling on the private sector to bec

New UN Resident Coordinator in SL

Views - 215 Saturday, 8 September 2018 00:10

New UN Resident Coordinator and UNDP Resident Representative in Sri Lanka Hanaa Singer has assumed duties as the new UN Resident Coordinator and UNDP Representative in Sri Lanka.

$ 1 b Colombo financial city to kick off in Oct.

Views - 3363 Friday, 7 September 2018 00:00

The Colombo International Financial City (CIFC) is to be inaugurated in mid-October, Megapolis and Western Development Minister Champika Ranawaka said yesterday as the Government gears up for the next stage of the Port City project. CIFC is integral

MR pledges comeback

Views - 5805 Thursday, 6 September 2018 00:47

By Chathuri Dissanayake Nearly 3,000 loyalists of former President Mahinda Rajapaksa yesterday occupied the Lake House Roundabout in Fort and held a ‘sathyagraha’ after the ‘Janabalaya Colombata’ protest march organised by the Joint Oppositi

Govt. and JO set to face off over rally

Views - 3231 Wednesday, 5 September 2018 00:00

Prime Minister Ranil Wickremesinghe along with other top government officials including Finance Minister Mangala Samaraweera yesterday

Tight control must for Budget 2019: CB chief

Views - 1447 Tuesday, 4 September 2018 00:33

In the backdrop of the Finance Ministry preparing its Budget for 2019, Central Bank Governor Dr. Indrajit Coomaraswamy has called for strong deficit control, as any fiscal slippage could make it more challenging for Sri Lanka to meet an estimated $15

Indian giant ITC optimistic of SL’s demand for luxury apartments, tourism

Views - 1850 Monday, 3 September 2018 00:23

India’s diversified giant ITC Group on Friday expressed growing optimism on Sri Lanka unveiling its first ever overseas project, the luxurious The Sapphire Residences and the ITC One five star hotel opposite Galle Face Green with an investment of b

Best of the Best at ICCSL-CIMA-Daily FT Fireside Chat

Views - 2651 Sunday, 2 September 2018 12:02

Best of the Best at ICCSL-CIMA-Daily FT Fireside Chat

SL banks backed for regional expansion

Views - 614 Saturday, 1 September 2018 00:00

Sri Lankan banks have the stability and capacity to expand regionally and would be supported by progressive regulations from the Central Bank

ADB earmarks $ 3 b for SL till 2021

Views - 829 Friday, 31 August 2018 00:20

The Asian Development Bank (ADB) yesterday reiterated its commitment to support Sri Lanka’s continued development drive to achieve inclusive growth, earmarking $ 3 billion over the next three years, in

Heavyweights hanker for policy patronage

Views - 2507 Thursday, 30 August 2018 01:14

By Uditha Jayasinghe and Charumini de Silva Half-a-dozen of Sri Lanka’s highest net worth business leaders yesterday backed to the hilt stronger policy consistency and implementation by the Government, acknowledging that the private sector was be

EPF to return to stock market

Views - 1556 Wednesday, 29 August 2018 00:00

The Employees Provident Fund (EPF) will return to the stock market “fairly soon”, Central Bank Governor Dr. Indrajit

June trade deficit hits $ 795 m

Views - 806 Tuesday, 28 August 2018 00:14

Despite exports topping $ 1 billion in June Sri Lanka’s external sector delivered a mixed performance with the trade deficit climbing to $ 795 million year-on- year amidst increased imports of vehicles, fuel and transport equipment, the Central Ba

Majority of hoteliers want Minimum Room Rate to stay

Views - 1682 Monday, 27 August 2018 01:18

The majority of hoteliers last week voted that ‘Minimum Room Rates’ must stay, saying a change would spell doom for an already struggling industry owing to a multitude of reasons.

China aims to build houses, roads in SL north to extend sway

Views - 647 Saturday, 25 August 2018 00:10

Reuters: China wants to build houses and roads in Sri Lanka’s north, much of which is in a state of disrepair nearly a decade after the end of civil war, Chinese and Sri Lankan officials said, in a bid to expand it influence beyond the island’s s

Ports Ministry to present Cabinet paper on ECT development

Views - 889 Friday, 24 August 2018 00:00

Port and Shipping Ministry is preparing to present a Cabinet paper for procurement of equipment needed to operationalise

No cash crunch for development projects: President

Views - 1097 Thursday, 23 August 2018 00:00

President Maithripala Sirisena on Tuesday assured that there was no cash crunch in the Government, nor lack of support from multilateral donors to fund much-needed and multi-faceted development projects. This declaration by President Sirisena was dur

Gota under probe by SriLankan commission

Views - 1968 Wednesday, 22 August 2018 00:00

The Presidential Commission of Inquiry (PCoI) appointed to probe allegations of fraud and misconduct at SriLankan Airlines

Opaque import tax exemptions pave way for abuse: Report

Views - 645 Tuesday, 21 August 2018 00:00

Sri Lanka’s import tax exemption schemes are too opaque, resulting in them being open to abuse and corruption, a case study by a prominent think tank has found, with decisions frequently subject to officials’ discretion as regulations are unavail

China projects steam ahead

Views - 2527 Monday, 20 August 2018 00:00

China is confident of completing their multiple investments in southern Sri Lanka with the fourth phase of the highway from Mattala Airport to the Hambantota Port and the Matara-Beliatta railway extension likely to be completed by January 2019, top o

Major achievements in three years: PM

Views - 646 Saturday, 18 August 2018 00:00

Despite treading a difficult path the Government still managed to reach significant achievements in governance, macroeconomic stabilisation, debt reduction and development, Prime Minister Ranil Wickremesinghe said yesterday, recapping key measures ad

Today's Columnists

STEAMing STEM – Moving from horoscopes to telescopes!

Thursday, 20 September 2018

Walking into an inventors’ exhibition should give one an experience similar to an immersion into the future. The world change with inventions and inventors lead the change. The creativity displayed is an indicator of the creativity of the society f

There is smoke in the eyes of those who do not want to see!

Thursday, 20 September 2018

Shyamon Jayasinghe, a former citizen of Sri Lanka, now living in Victoria, Australia, writing to Daily FT in a Guest Column article has given an old college try at the President of Sri Lanka by announcing about a cloaked portentous writing on the wal

Modi celebrates birthday whilst making India strong – Lesson for SL

Thursday, 20 September 2018

The Indian Prime Minister celebrated his birthday earlier this week in the backdrop of India growing at a blistering performance of 7.1%. The January-March quarter saw the highest GDP growth in the last seven quarters with India becoming the sixth la

Maximum Residue Level: Dilemma of agricultural product exporters in Sri Lanka

Wednesday, 19 September 2018

Due to increased emphasis on consumer health, majority of developed countries such as EU, Japan and the US insist on MRL testing of food items which has to be done by the exporter. The Codex Alimentarius Commission which is an inter-governmental bod

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