Front Page,TOP STORY

SL stable but reforms crucial: WB

Views - 864 Friday, 29 June 2018 00:33

Sri Lanka’s economic outlook remains stable with 4.3% growth expected in the medium term, the World Bank said yesterday, but warned that this would only be possible if the Government remains committed to its reform


Govt. to release Rs. 10 b development finance: PM

Views - 1038 Thursday, 28 June 2018 00:00

The Government plans to release Rs. 10 billion in development finance to the private sector, particularly targeted at large-scale companies willing to expand their businesses overseas and improve competitiveness, an upbeat Prime Minister Ranil Wickre


AIIB assistance for slew of projects

Views - 400 Wednesday, 27 June 2018 00:20

The Sri Lankan Government has sought financial assistance from the China-backed Asian Infrastructure Investment Bank (AIIB) for disaster mitigation, waste management and the construction of low-income households for 50,000 families, the Finance Minis


SL must synergise for growth: CB Chief

Views - 875 Tuesday, 26 June 2018 01:24

The Government must synergise macroeconomic stabilisation with its thus far sluggish structural reforms to foster growth, the Central Bank Governor said yesterday, warning Sri Lanka faces deep challenges if it triggers a future Balance of Payments cr


Importers appeal for swifter Customs law

Views - 464 Monday, 25 June 2018 00:00

Fast-tracking new Customs legislation, greater stakeholder engagement and speedier implementation of Government policy is imperative for Sri Lanka’s economy to adapt to an increasingly challenging environment, a top official said recently.


‘Enterprise Sri Lanka’ for new growth era

Views - 1863 Saturday, 23 June 2018 00:10

President Maithripala Sirisena yesterday called on State banks to focus on providing affordable financing to entrepreneurs, pointing out that generating colossal profits alone was insufficient to promote the welfare of the country.


H’tota Port rides high on investment tides

Views - 1360 Friday, 22 June 2018 00:00

As China Merchant Port Holdings Ltd. (CM Port) completes the final tranche of payment for the Hambantota


IMF backs exchange rate float

Views - 1191 Thursday, 21 June 2018 00:00

The International Monetary Fund (IMF) yesterday backed a floating exchange rate, terming it as the “first line of defence” to protect Sri Lanka against external shocks, and called for enhanced implementation of structural reforms to speed up slug


Mangala revises health sector tax

Views - 980 Wednesday, 20 June 2018 00:00

Finance Minister Mangala Samaraweera yesterday announced broad revisions of health sector taxes including the removal of 15%


SL grows by 3.2% in 1Q

Views - 791 Tuesday, 19 June 2018 00:00

Sri Lanka grew by 3.2% year on year in the first quarter of 2018, slowing marginally from 3.5% expansion seen in the fourth quarter of 2017, the Census and Statistics Department said yesterday. The Gross Domestic Product (GDP) calculation, which use


Procurement guidelines target transparency

Views - 916 Monday, 18 June 2018 00:00

In an effort to bring unprecedented transparency and accountability to the Government procurement system, the National Procurement Commission is pushing to have the newly gazetted guidelines before Parliament by August.


President tells NEC to protect local biz

Views - 1065 Friday, 15 June 2018 00:25

Responding to concerns from local companies President Maithripala Sirisena has instructed the National Economic Council (NEC) to protect local industrialists when making Government policy decisions including tax changes, access to credit facilities a


Government to check cost overruns in mega projects

Views - 778 Thursday, 14 June 2018 00:03

The Government has decided to set up a special Cost Estimate Review Committee, in a bid to avoid cost overruns and discrepancies in Total Cost Estimates (TCE) and actual cost in infrastructure projects. The Committee is expected to review TCE and co


SL- Finland sign 5 MoUs

Views - 586 Wednesday, 13 June 2018 09:10

Five Memorandums of Understanding (MoUs) on education, digitisation, health and energy were signed yesterday between the Sri Lankan Government and its Finnish counterpart as well as the private sectors of the two countries. Economic Affairs and De


SL must join ASEAN party: Malik

Views - 709 Tuesday, 12 June 2018 00:52

By Uditha Jayasinghe Sri Lanka’s private sector should move swiftly to tap ASEAN investment and export opportunities, International Trade and Development Strategies Minister Malik Samarawickrama said yesterday, calling on companies to move out o


Finnish fillip for Sri Lanka

Views - 451 Monday, 11 June 2018 00:25

Sri Lanka-Finland ties will get a big boost this week with a top delegation from Helsinki in town committed to extending


CMPort remits $ 585 m new cash despite Hambantota undercurrents

Views - 1558 Saturday, 9 June 2018 00:10

The money for the latest tranche of lease payment for the Hambantota Port from the China Merchants Port Holdings Company (CMPort) reached the Sri Lankan banking system this week even though the Public Private Partnership (PPP) initiative is facing so


New regulations for microfinance: Mangala

Views - 1569 Friday, 8 June 2018 00:00

The Government has decided to absorb the interest of microfinance loans less than Rs. 150, 000 extended by errant microfinance companies


National Evaluation Policy to modernise State planning

Views - 892 Thursday, 7 June 2018 00:00

By Ashwin Hemmathagama - Our Lobby Correspondent The Government is to introduce a National Evaluation Policy in July to improve independent monitoring of policy implementation and set standards for project assessment at State level, Prime Minister Ra


First five months’ tourist arrivals cross 1 m mark

Views - 998 Wednesday, 6 June 2018 00:00

Tourist arrivals during the first five months exceeded one million, reflecting a 14.7% growth, while May saw a 6.2% growth


EDB eyes $17.4b export revenue

Views - 891 Tuesday, 5 June 2018 00:39

By Charumini de Silva Notwithstanding the global trade decline and sanctions, Sri Lanka has set an ambitious export earning target of $17.4 billion by the end of this year, with 29% of the total target being achieved in the first four months. Accordi


IMF funding tops $ 1 b mark in reforming SL

Views - 809 Monday, 4 June 2018 01:13

Support from the International Monetary Fund (IMF) to Sri Lanka has crossed the $ 1 billion mark under its ongoing program based on the success of key reforms, a course which it wants the Government to continue.


Govt. to write-off microfinance loans of drought-affected farmers

Views - 499 Saturday, 2 June 2018 00:38

The Government has made a decision to write off microfinance debt in regions affected by drought last year in an effort to provide relief to thousands of farmers struggling after poor harvests.


Exports grow 7.7% to $ 2.9 b in 1Q

Views - 718 Friday, 1 June 2018 00:00

A 10.5% increase in industrial exports pushed up overall March exports by 6.3% to $ 1.1 billion, helping to bring the trade


BOI’s SWIFT to fast track investment approvals

Views - 1488 Thursday, 31 May 2018 00:00

By Charumini de Silva The Board of Investment of Sri Lanka (BOI) yesterday launched a web portal to streamline and fast track the investment approval process by interconnecting the first six line agencies under a single window virtual platform. BOI,


PickMe gathers pace

Views - 8388 Wednesday, 30 May 2018 02:03

Digital Mobility Solutions Lanka Ltd., which operates PickMe, has completed Rs. 1 billion in cumulative capital-raising recently with the infusion of the biggest chunk worth Rs. 693 million, which will be utilised to venture into high potential food


PM outlines plans for North

Views - 1380 Tuesday, 29 May 2018 00:07

Prime Minister Ranil Wickremesinghe yesterday focused on the need to link the Northern Province with southern development corridors to develop its economy focusing on agriculture, fishing, tourism and manufacturing. Wickremesinghe speaking in Kilino


Govt. goes for $ 1 b, 8-year syndicated loan from China Dev. Bank

Views - 1252 Monday, 28 May 2018 00:00

Reuters: Sri Lanka has accepted an eight-year China Development Bank $ 1 billion syndicated loan to repay loans maturing this year, two top Finance Ministry officials said on Friday.


JVP jigsaw to President, PM

Views - 375 Saturday, 26 May 2018 00:25

The 20th Amendment to the Constitution, presented by the JVP, will be sent by Parliament to the Attorney General and the Prime Minister.


PM bets on UNP’s democratic credentials

Views - 1005 Friday, 25 May 2018 00:00

A revamped United National Party (UNP) complete with younger office bearers is likely to be announced after the Executive Committee


Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.


Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca


The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.


The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R


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