Govt. to mobilise long-term global funding for SMEs

Views - 677 Tuesday, 3 October 2017 00:00

In a fresh bid to enhance the supply of trade finance to SMEs, Central Bank Governor Dr. Indrajit Coomaraswamy said the Government was planning to set up a development banking mechanism, which will have the capacity to mobilise long-term funding from

IMF calls for strengthened debt management

Views - 692 Monday, 2 October 2017 00:25

Even as Sri Lanka met all its policy performance targets, the International Monetary Fund (IMF) has called on the Government to strengthen its debt management and stick to reforms on state-owned enterprises (SOEs), which would include transparent ene

Govt. meets consolidation targets: IMF

Views - 468 Saturday, 30 September 2017 00:45

The passage of the landmark Inland Revenue Act is a major achievement which in turn will support the Government’s ambitious social and developmental program, the International Monetary Fund said yesterday but voiced concern over macroeconomic perfo

July exports up 14%, passes $ 1 b

Views - 817 Friday, 29 September 2017 00:00

Exports grew almost 14% to pass $ 1 billion in July from a year ago, the second time this year they exceeded the billion-dollar target as exports grew for a fifth consecutive month, the Central Bank said yesterday

PM to signal Airbus termination today

Views - 1897 Thursday, 28 September 2017 00:12

Budget critical for consolidation: CB

Views - 1350 Wednesday, 27 September 2017 00:00

As the days tick down to Budget 2018, the Central Bank yesterday called on its partner, the Finance Ministry, to refrain from pumping demand through the Budget ahead of possible elections next year, and maintain fiscal consolidation.

CNN Travel gives thumbs-up for Sri Lanka

Views - 2827 Tuesday, 26 September 2017 00:00

Post-war Sri Lanka is trending globally as a “priority” destination, declared popular global media outlet CNN’s Executive Editor of Travel Brekke Fletcher yesterday in Colombo.

CM Port steams ahead with Hambantota opportunity

Views - 1406 Monday, 25 September 2017 00:00

Converting the newly acquired Hambantota into a global maritime centre to partner with the country’s growth and attract investment would be the key aim of China Merchant Ports Holdings, a top official said calling on local companies to join the eff

AG Dept says ex-CB Chief meddled with due process; Mahendran disagrees

Views - 1148 Saturday, 23 September 2017 00:11

A senior Attorney General Department official assisting the Presidential Commission of Inquiry on the controversial bond issuance yesterday suggested that Former Central Bank Governor Arjuna Mahendran had interfered with due process in the 27 Februar

Economy in urgent need to reorient: IPS

Views - 1448 Friday, 22 September 2017 00:00

The latest Economic Outlook of the Institute of Policy Studies (IPS) suggested there was an urgent need to “reorient” Sri Lanka’s economy towards a more sustainable means of development finance, adding that the country

Reforms ready to roll: PM

Views - 1525 Thursday, 21 September 2017 00:12

Targeting exports and investment, the Government will introduce several laws including possible new legislation to improve the ease of doing business, Prime Minister Ranil Wickremesinghe said yesterday.

Public auctions were needed to meet ‘stunningly large’ requirements: Mahendran

Views - 1860 Wednesday, 20 September 2017 00:00

Testifying before the Presidential Commission of Inquiry on the controversial bond issuance yesterday, former Central Bank Governor Arjuna Mahendran said he had recommended public auctions over private placements for treasury bonds taking into accoun

Transactions not fictitious: PTL CEO

Views - 2130 Tuesday, 19 September 2017 00:41

After weeks of cross-examination, Perpetual Treasuries Ltd. (PTL) CEO Kasun Palisena was re-examined by PTL’s counsel yesterday at the Presidential Commission of Inquiry into the controversial bond issuance.

IKEA inspired Hayleys’ Dhammika to comfort more homes with Singer

Views - 3747 Monday, 18 September 2017 00:54

The world’s most iconic home furnishing brand IKEA is said to have inspired business leader Dhammika Perera to take control of Singer Sri Lanka Plc via the biggest listed corporate acquisition worth over Rs. 11 billion last week.

Govt. ready for great growth leap: PM

Views - 841 Saturday, 16 September 2017 00:06

Hailing the Board of Investment (BOI) celebrating four decades, Prime Minister Ranil Wickremesinghe yesterday said his Government together with President Sirisena was preparing for a great leap forward in investment and exports to catapult Sri Lanka

Perpetual CEO denies knowledge of ‘powerful friends’

Views - 1003 Friday, 15 September 2017 00:10

Claiming ignorance on the identity of the “powerful friends” who are said to have relayed confidential, price-sensitive information to former Director Arjun Aloysius,

Designer development Budget!

Views - 1569 Thursday, 14 September 2017 00:28

As the days tick down for Budget 2018, Finance Minister Mangala Samaraweera yesterday pledged to present an overarching policy framework that would concentrate on greater liberalisation and reforms as well as promote entrepreneurship, expand key sect

Infrastructure-sharing entity to speed up broadband

Views - 877 Wednesday, 13 September 2017 00:10

The Government yesterday confirmed it would set up an infrastructure-sharing entity which will be brought under the purview of the Telecommunication and Digital Infrastructure Ministry to speed up digitisation for envisaged economic growth.

Go for growth PM tells private sector

Views - 1174 Tuesday, 12 September 2017 00:08

The next two years will be crucial for Sri Lanka’s debt management, said Prime Minister Ranil Wickremesinghe yesterday while calling on the private sector to use technology to find new avenues for growth.

Sri Lanka swipes its way to Visa’s second fastest growing market in South Asia

Views - 1043 Monday, 11 September 2017 08:10

With more people opting for digital payments, Sri Lanka has become the second fastest growing market for Visa in terms of volume within South Asia.

Gazette soon to make uncultivated private and Govt. lands productive: President

Views - 212 Monday, 11 September 2017 08:00

President Maithripala Sirisena on Saturday said a gazette notification will be issued under existing laws to give all private lands which are not cultivated to those who are willing to cultivate them.

PM drives new Central Highway

Views - 1213 Saturday, 9 September 2017 00:00

Prime Minister Ranil Wickremesinghe yesterday rejected allegations of corruption made against his Government over the construction of the Central Highway third stage by involving Japanese firms and gave a detailed explanation of the tender process an

SL gets new Inland Revenue Act

Views - 1907 Friday, 8 September 2017 00:00

Lawmakers passed the new Inland Revenue Bill yesterday in Parliament, allowing the Government to scrap the complicated tax system and establish a “fair but transparent” tax policy for Sri Lanka with plans to increase Government revenue from direc

PM woos SAARC investors

Views - 627 Thursday, 7 September 2017 00:00

Prime Minister Ranil Wickremesinghe yesterday detailed development plans and the economic framework his Government has for Sri Lanka to woo 250 SAARC investors, as well as calling for more trade and investment cooperation between the South Asian bloc

Govt. spruces up 20th Amendment

Views - 1104 Wednesday, 6 September 2017 00:00

The Government made a crucial breakthrough yesterday by winning provisional support from the Tamil National Alliance (TNA) and the Sri Lanka Muslim Congress (SLMC) for the 20th Amendment to the Constitution.

Vision 2025 launched

Views - 2003 Tuesday, 5 September 2017 00:00

Presenting a united front, President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe yesterday jointly unveiled the Government’s policy framework titled ‘V2025: A Country Enriched’, which detailed the broad goals that the two parti

Debt next major task of Govt, says President

Views - 414 Monday, 4 September 2017 00:58

As Sri Lanka prepares for higher debt repayments over the next few years, President Maithripala Sirisena yesterday said meeting loan obligations would be the second phase of the tasks the Coalition Government has set for itself.

Banking system outlook negative: Moody’s

Views - 1104 Friday, 1 September 2017 00:00

Moody’s Investors Service says that the outlook for Sri Lanka’s banking system is negative, with both asset quality and profitability under pressure.

President says Govt. here to stay till 2020

Views - 460 Thursday, 31 August 2017 00:00

Quashing speculation over the fate of the Coalition Government, President Maithripala Sirisena yesterday backed it to continue till 2020, pointing out that the parliamentary composition demanded it and insisted he would continue his term to the end.


Views - 891 Wednesday, 30 August 2017 00:59

The crumbling performance of Sri Lanka Cricket one of the most prominent brands of the country got a fresh jolt yesterday with all the selectors resigning in an unprecedented development welcomed by most enthusiasts of the game.

Today's Columnists

Kodak moments for Sri Lanka Tourism

Wednesday, 13 December 2017

It was quite disheartening to see the tourism numbers for November 2017 dropping to 167,511 visitors at 0.2% growth against

Liberalising shipping and logistics: Cat out of the bag on THC too

Wednesday, 13 December 2017

At the 2017 Sri Lanka Shippers’ Council AGM as the outgoing chairman, I urged the Government on the need for fully liberalising the shipping sector to reap the long-term benefits for Sri Lanka.

A universal good: How increased health coverage can help beat back antimicrobial resistance

Wednesday, 13 December 2017

Ensuring all people everywhere have access to health services that are affordable, of good quality and within reach is a public health imperative.

Towards sustainable green automobile beyond 2018

Wednesday, 13 December 2017

In the National Budget proposals for the year 2018, the Government has taken positive steps to promote the electric car segment

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