MNCs speak up

Views - 1410 Monday, 1 October 2018 01:45

Leading Multinational Corporations (MNCs), who have brought substantial value to the country over the past 100 years, on Friday spoke up, highlighting the promising future of Sri Lanka which could be translated into greater socioeconomic development

IMF happy but wants faster progression in SL

Views - 456 Saturday, 29 September 2018 00:11

The International Monetary Fund (IMF) signalled it was satisfied with Sri Lanka’s economic stabilisation program, while urging an advanced revenue-based fiscal consolidation in the 2019 Budget to support greater progress with accelerated reforms to

I am media’s favourite punching bag: Ranil

Views - 433 Friday, 28 September 2018 00:00

Prime Minister Ranil Wickremesinghe evoked Voltaire last evening as he defended the extent of media freedom in the country, while at the same time poking fun at some of the negative press coverage that has followed him since taking office three years

Costly burns via LPG

Views - 789 Thursday, 27 September 2018 00:59

By Charumini de Silva Considering the rising world market prices and rupee depreciation, Litro Gas Lanka Ltd. yesterday said it would increase the price of a 12.5kg domestic LP gas cylinder by Rs. 195 from today. In addition, prices of the 5kg domest

Mangala musters patriotism

Views - 1931 Wednesday, 26 September 2018 00:00

In a bid to curtail further rupee depreciation, Finance Minister Mangala Samaraweera yesterday called on people to buy more local products, limiting the importation of luxury items and vehicles. Releasing a statement to the media, the Finance Ministe

Ranil resolute to ride over global economic crisis impact on SL

Views - 836 Tuesday, 25 September 2018 00:00

Prime Minister Ranil Wickremesinghe has urged the need to move towards an export economy from a debt economy, which the Government inherited due to ill-conceived policies of the previous regime. “We are facing a currency crisis because we have inhe

CB intervention pulls rupee back from record low

Views - 1604 Saturday, 22 September 2018 00:10

Reuters: The rupee hit a record low for an eighth straight session on Friday, but closed the session firmer following intervention by the Central Bank, market sources said. The Central Bank will intervene aggressively to curb excess volatility in the

Crux of currency crisis!

Views - 8119 Friday, 21 September 2018 00:00

By FT News Desk Central Bank Governor Dr. Indrajit Coomaraswamy yesterday declared the rupee was under pressure more due to exogenous factors, but reassured it would ease as a follow up to ongoing stabilisation measures whilst being wary of overly a

Appropriation Bill approved by Cabinet

Views - 1011 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 - 1076 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 - 3067 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 - 726 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 - 2021 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 - 706 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 - 1070 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 - 556 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 - 612 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 - 1170 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 - 249 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 - 3738 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 - 5874 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 - 3389 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 - 1747 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 - 2041 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 - 2962 Sunday, 2 September 2018 12:02

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

SL banks backed for regional expansion

Views - 710 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 - 909 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 - 2628 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 - 1649 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 - 854 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

Today's Columnists

Discipline and the devil’s disciples

Monday, 18 February 2019

That coach who repeatedly slapped a boy under his care has generated a storm of controversy on social media. On one side are aunties, bleeding hearts, civil rights champions et al who are outraged or at the very least shocked or surprised. On the oth

SL growth profile: Arrest moving down the staircase immediately to avoid hard landing on the floor

Monday, 18 February 2019

Strong message in the Sri Lanka Development Update 2019 Sri Lanka Development Update for 2019 was released by the World Bank last week. This document contains a review by the bank’s residential staff of the present state of the country’s economy

Prudential banking and saga of MTD Walkers

Monday, 18 February 2019

The matters referred to in the article under this title published in the Daily FT (15 February) are spotlighted in more detail under this scrutiny. While the general attention of the public remains more focused on recently arrested underworld kingpin

Minister Wijeyadasa Rajapakshe’s empty rant

Monday, 18 February 2019

Minister Wijeyadasa Rajapakshe (WR) has joined President Sirisena’s reckless verbal onslaught on the Constitutional Council (CC) that was set up by the 19th Amendment (Daily Mirror 15 February). I use “verbal onslaught” intentionally since, as

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