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
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
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
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
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.
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.
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
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
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%
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
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.
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
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
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
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
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
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
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
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
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
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
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.
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.
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
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,
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
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
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.
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.
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
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.
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
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.
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