Fresh policies needed for viable development: UN

Views - 524 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 - 592 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 - 1136 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 - 222 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 - 3501 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 - 5838 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 - 3245 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 - 1575 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 - 1922 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 - 2895 Sunday, 2 September 2018 12:02

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

SL banks backed for regional expansion

Views - 642 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 - 866 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 - 2537 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 - 1592 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 - 828 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 - 1709 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 - 650 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 - 897 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 - 1105 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 - 1983 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 - 653 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 - 2568 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 - 652 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

B’desh beckons SL

Views - 941 Friday, 17 August 2018 00:20

A host of investment opportunities exist for Sri Lankan corporates in Bangladesh, top officials from both countries said yesterday, calling for local businesses with long-term ambitions to venture into the nation of 160 million people.

Digital blitz to boost SL tourism

Views - 1062 Thursday, 16 August 2018 00:55

By Chathuri Dissanayake The long-awaited digital campaign for tourism got Cabinet nod this week with approval to awarding contracts for promotional work in three different countries. The Government this week approved awarding the contract for the di

Siyambalapitiya defends Power Purchase Agreements

Views - 712 Wednesday, 15 August 2018 00:20

Hot on the heels of the Committee on Public Enterprise (COPE) summoning the Ceylon Electricity Board (CEB) to investigate three Power Purchase Agreements (PPAs), Power and Renewable Energy Minister Ra

Tourism bets big with Alibaba

Views - 2243 Tuesday, 14 August 2018 00:31

By Charumini de Silva A tie-up with Chinese e-commerce giant Alibaba to attract 1,000 travellers weekly, launching the long delayed $ 3.5 million digital campaign, extending the CNN promotion and launching special offers to fatten the off-peak season

140-year-old giant Hayleys optimistic of greater growth

Views - 1307 Monday, 13 August 2018 01:57

The most diversified export cum manufacturing rich blue chip, Hayleys Plc, which marks 140 years this year, is optimistic of greater progress moving forward, with first quarter results showing strong growth.

Mangala resolute against strikers

Views - 1277 Saturday, 11 August 2018 04:51

Resolute to not give in to the trade unions’ demands, Finance Minister Mangala Samaraweera yesterday called on the private bus owners to help the Government to provide transport for all rush hour commuters.

PM says improved democracy justifies P’ment commissioners’ allowance hike

Views - 292 Friday, 10 August 2018 00:10

The establishment of independent commissions under the Unity Government has elevated democracy to new heights and garnered global accolades, Prime Minister Ranil Wickremesinghe told Pa

Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B

Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U

Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines

Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel

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