Front Page,TOP STORY

Economy still vulnerable: Cabraal

Views - 1205 Friday, 4 May 2018 00:00

Presenting a different point of view, former Central Bank Governor Ajith Nivard Cabraal yesterday sought to flip the narrative on Sri Lanka’s

Fast-track trade reforms: CB

Views - 674 Thursday, 3 May 2018 00:00

Multiple signals of recent foreign confidence in Sri Lanka’s economy have provided an opportunity for the country to tap into its economic performance and potential, the Central Bank said yesterday, calling for fast-tracked trade reforms and strong

President swears in 18 new Cabinet ministers

Views - 2726 Wednesday, 2 May 2018 00:00

Cabinet changes made yesterday by President Maithripala Sirisena held few surprises with most of the key ministries

Unity Government’s 4th Cabinet reshuffle today

Views - 2212 Tuesday, 1 May 2018 00:00

By Skandha Gunasekara Hoping to rejuvenate the Government with new appointments, President Maithripala Sirisena’s much-anticipated Cabinet reshuffle will take place this morning, Secretary to the President Austin Fernando said yesterday. Elaboratin

CB for tightening noose on tax evaders

Views - 1095 Saturday, 28 April 2018 00:19

Improved monitoring of high-end transactions, including car and property sales, would reduce tax evasion, the Central Bank said in its latest Annual Report, recommending that such transactions be matched with income declarations.

CB backs flagging rupee

Views - 2015 Friday, 27 April 2018 00:00

The Central Bank yesterday staunchly defended its flexible exchange rate policy despite the recent steep depreciation of the rupee

Budget 2017 stumbles on execution

Views - 1170 Thursday, 26 April 2018 00:11

By Uditha Jayasinghe Budget 2017 has scored better on transparency than implementation, with 22% of proposals making substantive progress and only 8% fulfilled while almost a quarter have been broken, but managed to improve on information disclosure

Policy before liberalisation says lubricant industry

Views - 1225 Wednesday, 25 April 2018 00:00

Sri Lanka’s lubricant industry market leader Chevron Lubricants Lanka Plc yesterday stressed it believed it was hopeless to attempt to liberalise

Coast Conservation Dept. firm on demolishing illegal structures in Mirissa

Views - 1396 Tuesday, 24 April 2018 00:05

By Charumini de Silva The Coast Conservation Department confirmed yesterday that it will go ahead with the demolition of the 17 identified unauthorised buildings on 1 May at Mirissa coastal area, insisting that decisions were made years ago according

IMF satisfied with SL but urges greater progress

Views - 535 Monday, 23 April 2018 00:32

The International Monetary Fund (IMF) has signalled that it is satisfied with Sri Lanka’s stabilisation program though urging greater progress with reforms as the economy remains vulnerable.

Tourism troublemakers to face tougher times

Views - 379 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 - 1971 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 - 1052 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 - 1713 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 - 1596 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 - 1234 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 - 874 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 - 1009 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 - 598 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 - 562 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 - 1835 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 - 4616 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 - 2994 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 - 1698 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 - 4389 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 - 1178 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 - 491 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 - 2238 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 - 1133 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 - 1359 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).

Today's Columnists

Laurels of ‘Living Together’: Refreshing reflections

Tuesday, 25 September 2018

It was a memorable evening with a mega gathering for a meaningfully different reason. It was not just another book launch with ego-boosting speeches about the author. It was also not an event where a popular politician coming late and preaching about

The fate of the rupee: Central Bank is caught with ‘Devil’s Alternative’

Tuesday, 25 September 2018

Not all are losing when the rupee depreciates The recent depreciation of the rupee against the US dollar in the market has apparently driven the entire nation to a panic mode. While it had been a field day for the media and opposition law makers, the

Southbound rupee and northbound CoL

Tuesday, 25 September 2018

The Sri Lankan Rupee hit a record low of 170 per $ last week, and the Minister of Finance warns of further depreciation. This is inevitable given the chaotic state of the nation’s economy. While the rupee turns south, CoL (cost of living) has no o

In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Saturday, 22 September 2018

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit

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