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Malaysia pledges to fast-track FTA with SL

Views - 614 Tuesday, 19 December 2017 01:04

Visiting Malaysian Prime Minister Mohammad Najib bin Tun Abdul Razak yesterday vowed to strengthen relations with Sri Lanka and increase investment by fast-tracking the proposed Free Trade Agreement (FTA) between the two countries when he met Presid

Sirisena to request Putin to lift tea ban

Views - 1015 Monday, 18 December 2017 00:27

President Maithripala Sirisena yesterday said he would make an official request to his Russian counterpart to resolve a temporary ban on tea imports to Russia that comes into effect from today as Government officials sought a meeting with relevant Ru

3Q GDP growth slows to 3.3%

Views - 563 Saturday, 16 December 2017 00:15

The country’s economy grew by 3.3% in the 3Q driven by services and moderate industry growth but was hampered by lackluster performance in agriculture that showed negative growth of 3.3%, the Census and Statistics Department (CSD) said yesterday.

SAITM students call on Govt. to provide permanent fix

Views - 1192 Friday, 15 December 2017 02:34

Graduates and students of the South Asian Institution of Technology and Management (SAITM) yesterday called on the Government to....

Govt. green-lights PPP for Port City tunnel link

Views - 1991 Thursday, 14 December 2017 00:00

The Government has green-lighted a proposal by the Ministry of Megapolis and Western Development to enter into a public-private partnership

Sri Lanka appeals to Pakistan for fertiliser

Views - 630 Wednesday, 13 December 2017 00:00

President Maithripala Sirisena yesterday intervened to address the fertiliser shortage in the country with a request made to Pakistan’s Prime Minister

Compete to deliver: PM

Views - 1143 Tuesday, 12 December 2017 00:48

An exuberant Prime Minister Ranil Wickremesinghe last night struck an optimistic note throwing his support behind the private sector insisting local companies had the capacity to compete and win globally, and calling on them to embrace competition as

Govt. hands over Hambantota Port reins to China Merchant Group

Views - 841 Monday, 11 December 2017 01:22

The ceremonial handover of the Magampura Mahinda Rajapaksa Port took place on Saturday in Parliament in the presence of the top brass of China Merchant Group Ltd., with the first payment of $ 292.1 million made to the Government.

Gazettes pave way for Hambantota Port handover

Views - 757 Saturday, 9 December 2017 00:19

By Ashwin Hemmathagama – Our Lobby Correspondent Gazette notifications on the shareholder agreement on two joint venture entities which will operate commercial and common user facilities respectively at the Magampura Mahinda Rajapaksa Port, reached

Strong uptick in exports, FDI

Views - 795 Friday, 8 December 2017 00:26

As Sri Lanka’s pro-growth reforms gather pace, amidst an improving external economic environment, exports and Foreign Direct Investment (FDI) have shown substantial increases this year compared to last year.

SL gaining from improving global economy: CB Chief

Views - 897 Thursday, 7 December 2017 01:19

Central Bank Governor Dr. Indrajit Coomaraswamy said the global economy had a number of tailwinds for Sri Lanka, while insisting on the need to focus on mitigating the negative impacts of international interest rates.

Fresh capital access for biz growth: PM

Views - 1263 Wednesday, 6 December 2017 00:00

Sri Lanka’s best companies were called on by Prime Minister Ranil Wickremesinghe yesterday to invest,

H’tota Port tax cuts before Cabinet

Views - 1018 Tuesday, 5 December 2017 00:00

By Skandha Gunasekara As the days tick down for the official handover of the Hambantota Port to Chinese investors on Saturday, the Government is likely to rush through a crucial gazette detailing tax concessions granted to the divested Hambantota Por

Govt. brews Rs. 12 b in loans to boost tea

Views - 628 Monday, 4 December 2017 00:30

The Government is in discussions with two Japanese banks to obtain as much as $ 150 million or Rs. 22.5 billion in a low-interest loan facility to modernise about 150 tea factories, which could be done in two tranches, to develop

Plans to investigate pre-2014 bond sales: PM

Views - 1746 Friday, 1 December 2017 00:30

Prime Minister Ranil Wickremesinghe yesterday informed Parliament that the Government plans to investigate bond issuances before 2014 that were in the form of direct placements, borrowings made without obtaining Parliamentary approval, and allegation

JVP slams Govt. over slow progress of corruption probes

Views - 436 Thursday, 30 November 2017 01:24

By Ashwin Hemmathagama – Our Lobby orrespondent Opposition lawmaker JVP MP Bimal Rathnayake accused the Government of slowing the process followed to file action in relation to completed investigations by the Commission to Investigate Allegations

Mahinda takes battle against shipping liberalisation to P’ment

Views - 1179 Wednesday, 29 November 2017 00:00

Minister of Ports and Shipping Mahinda Samarasinghe yesterday took his battle against the 2018 Budget move to liberalise shipping and the freight forwarding sector to Parliament further exposing disagreement over the contentious proposal within the c

Sept. hits triple export crown

Views - 950 Tuesday, 28 November 2017 01:17

September exports grew 12.6%, surpassing the $ 1 billion mark for the third consecutive month, but the month also saw the trade deficit increase on higher fuel and rice imports as well as a dip in tourism and remittance earnings, the Central Bank sai

Far reaching new Securities Exchange Bill gazetted

Views - 1453 Monday, 27 November 2017 00:36

The far reaching and comprehensive Securities Exchange Bill has been published in the gazette by the Minister of National Policies and Economic Affairs last week and will be presented to Parliament shortly.

AG to hear petition on LG polls gazette on 30 November

Views - 197 Saturday, 25 November 2017 00:26

The Attorney General has agreed to submit a motion in the Court of Appeal requesting a hearing for the petition filed against the gazette on the staging of the local government poll. This development had taken place at last evening’s party leaders

Searchlight on SOE losses

Views - 845 Friday, 24 November 2017 00:00

Special Assignments Minister Dr. Sarath Amunugama yesterday threw a “searchlight” on loss-making state-owned enterprises (SOEs), urging officials to utilise the assets under institutions more effectively and called on the public

Rajitha lambasts Bond Commission over nature of inquiry  

Views - 1113 Thursday, 23 November 2017 00:00

Cabinet Co-spokesperson Rajitha Senaratne yesterday severely criticised the conduct of the Bond Commission though appreciating the decision by President Maithripala Sirisena to appoint it to probe the Central Bank debt securities issuances of Februar

PM privatised!

Views - 1522 Wednesday, 22 November 2017 00:00

Prime Minister Ranil Wickremesinghe on Monday made perhaps his best pitch to woo a more proactive private sector role to usher in greater socioeconomic prosperity in the country

Ranil resolute before Bond Commission

Views - 1623 Tuesday, 21 November 2017 00:00

The proceedings of the Presidential Commission of Inquiry on the controversial bond issuance formally concluded yesterday with Prime Minister Ranil Wickremesinghe appearing before the Commission amidst an unusually large

Mangala stands firm as locals step up lobby against shipping liberalisation

Views - 1540 Monday, 20 November 2017 00:38

Finance Minister Mangala Samaraweera has stood his ground on the full liberalisation of the shipping and freight forwarding sectors despite the local industry stepping up its lobbying against the move.

UNP MPs up in arms over Aloysius calls

Views - 1278 Saturday, 18 November 2017 01:55

The log of phone calls listed at the Bond Commission shook Parliament yesterday with several UNP lawmakers, who were also members of the Committee on Public Enterprise that had investigated the controversial bond issuance, denying any illegal links w

Crescendo of calls!

Views - 1860 Friday, 17 November 2017 00:00

Testifying before the Presidential Commission of Inquiry on the controversial bond issuance yesterday, a CID official said that former Director of Perpetual Treasuries Ltd. (PTL) Arjun Aloysius had telephoned several members of the second Committee o

Fuel crisis: report places blame on CPC officials

Views - 743 Thursday, 16 November 2017 01:17

Ceylon Petroleum Corporation (CPC) officials of the were at fault for the recent fuel crisis faced by the country, the report of the Cabinet Subcommittee appointed by the President to investigate the issue, has found.

Ports Minister slams liberalisation move

Views - 1588 Wednesday, 15 November 2017 00:37

Setting the stage for a showdown between top ministers, Ports and Shipping Minister Mahinda Samarasinghe yesterday said he would oppose the proposed liberalisation of Sri Lanka’s shipping sector and faulted his

Liberalisation non-negotiable: Mangala

Views - 1497 Tuesday, 14 November 2017 00:00

Indicating he has the will to see his maiden Budget through, Finance Minister Mangala Samaraweera yesterday told private sector representatives discussions on Budget proposals were possible but changing the core principles

Today's Columnists

Unplanned and uncoordinated growth of grey infrastructure: An environmental disaster and public mena

Wednesday, 24 January 2018

The Ministry of Environment, which is under none other than President Maithripala Sirisena, has a laudable vision – that is to create a healthy and pleasant environment sustaining nature for the wellbeing of the people and the economy.

Is time running out for Sirisena, Wickremesinghe and Rajapaksa?

Wednesday, 24 January 2018

On 8 January 2015, the people of this country exercised their true democratic grit to dispel the rule of President Rajapaksa and his family. The right of the people was exercised in a clear wave of hope to end corruption, inequality and establish jus

If Perpetual is not relieved of its profits bond saga will be a pus vedilla

Wednesday, 24 January 2018

When the Bond Commission was set up I wrote an article on 8 September 2017 titled ‘If at the end of the enquiry Perpetual gets to keep the vast amount of profit it made, then it is a pus vedilla’. Now the Bond Commission Report is out but the spe

Towards a healthier tomorrow, today

Wednesday, 24 January 2018

Seven years ago this month, the South-East Asia Region recorded its last case of wild polio virus. In 2014, three years later, the region was declared polio-free. Not a single case of wild polio virus has been recorded region-wide since, sparing mill

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