Front Page,TOP STORY

New consortium buys control of Melsta Regal Finance for Rs. 2.5 b

Views - 4014 Monday, 2 April 2018 00:38

A new consortium comprising foreign and local institutions has acquired 100% control of Melsta Regal Finance Ltd. for an estimated Rs. 2.5 billion.

Lankan politics in management crisis: Dr. Amunugama

Views - 1163 Saturday, 31 March 2018 00:18

In a thought-provoking speech, a veteran minister pointed out it was high time that Sri Lanka began to think of management as an absolutely vital top level input for the future economic growth, insisting Sri Lankan politics seemed to be facing a mana

UNP Working Committee decides to defeat NCM

Views - 487 Friday, 30 March 2018 00:00

The UNP Working Committee met yesterday at Sirikotha, where it was unanimously decided that all UNP MPs would work

President brings CB under Finance Ministry purview

Views - 2207 Thursday, 29 March 2018 00:41

By Skandha Gunasekara In a major and contentious move, the President Maithripala Sirisena, issuing an Extraordinary Gazette notification last evening, removed the Central Bank from the purview of the Ministry of National Policies and Economic Affairs

Central Bank calls for proposals to raise $1 b

Views - 1122 Wednesday, 28 March 2018 00:00

The Central Bank has released a Request for Proposals to raise a Foreign Currency Term Financing Facility (FTFF) of $ 1 billion

Expert says debt repayment levy ends up 0.25% on financial VAT

Views - 1307 Tuesday, 27 March 2018 00:45

The much-discussed debt repayment levy proposed in the 2018 Budget is now ending up as 0.25% of the financial VAT, which is slated to come into effect from 1 April, a veteran in the industry confirmed yesterday (26 March).

Economy to recover in 2018, gather pace next year

Views - 978 Monday, 26 March 2018 00:00

Asia Securities predicts 2019 will see faster economic pickup than this year as Government expenditure is likely to increase with a number of consumer-friendly policies coming into play ahead of the 2020 Presidential Election.

Liability Management Act passed

Views - 921 Saturday, 24 March 2018 00:56

Despite chaos reigning in Parliament once again, the much awaited Active Liability Management Bill was passed by the House yesterday (23 March) with the Bill receiving a comfortable majority of 51 votes for and only 2 against.

United National Front pledges to defeat no-confidence against PM

Views - 628 Friday, 23 March 2018 00:00

All parties representing the United National Front yesterday gathered to sign a document expressing their confidence

Tea primps for Rs. 4.5 b global campaign

Views - 803 Thursday, 22 March 2018 00:13

By Uditha Jayasinghe The long-awaited Rs. 4.5 billion international marketing campaign for Sri Lanka’s tea industry took a giant leap forward yesterday, with Dentsu Grant signing the agreement to promote Ceylon Tea across 12 countries. The Rs. 21

2017 sinks to slowest economic growth in 16 years

Views - 2742 Wednesday, 21 March 2018 01:08

The country’s economy in 2017 had grown by only 3.1%, the slowest rate in 16 years and lower than the 4.4% achieved in 2016, as per data released yesterday by the Department of Census and Statistics (DCS).

Tourism industry tapers down impact of communal clashes

Views - 1163 Tuesday, 20 March 2018 00:27

Considering the adverse impact of the upheaval that took place in the country, Tourism Development Minister John Amaratunga yesterday (19 March) said Sri Lanka may miss the 2.5 million tourist arrival target this year as well.

President lifts state of emergency

Views - 245 Monday, 19 March 2018 01:53

As the army begins to withdraw troops from Kandy, President Maithripala Sirisena ended the state of emergency which was imposed in the country two weeks ago to control extremist attacks on the Muslim community in the central hill capital.

Manufacturing, services pick up in Feb.

Views - 339 Saturday, 17 March 2018 00:40

The country’s manufacturing and services sectors have expanded better in February than the lag suffered in January according to the performance of the latest Purchasing Managers Index.

SL becomes ‘socially’ democratic again!

Views - 543 Friday, 16 March 2018 00:00

After days of intense pressure to lift restrictions on social media, President Maithripala Sirisena yesterday issued instructions to unblock Facebook

Colombo Port gets competitiveness boost

Views - 1918 Thursday, 15 March 2018 00:55

By Uditha Jayasinghe The terminal operators of Colombo Port yesterday made a bid to improve its efficiency by signing a landmark Memorandum of Understanding to (MoU) to unload excess ships of their competitors if berths are available, reducing wai

TRC to lift social media ban on Friday

Views - 757 Wednesday, 14 March 2018 00:00

A beleaguered Telecom Minister yesterday sought to bring clarity over the decision to enforce the social media firewall

Voices grow against social media ban

Views - 1620 Tuesday, 13 March 2018 00:39

By Uditha Jayasinghe and Chathuri Dissanayake The State-imposed thorny ban on social media looks set to drag on till at least Thursday (15 March), after a high-level meeting yesterday failed to agree on a timeline for restrictions, despite numerous

Govt. should hold reform course: IMF

Views - 934 Monday, 12 March 2018 01:06

Sri Lanka’s economy is projected to grow by 4.4% in 2018, the International Monetary Fund (IMF) has said in its latest update but warned reforms, including a fuel price rise...

Harsha calls for Presidential Commission of Inquiry to probe clashes

Views - 496 Saturday, 10 March 2018 00:00

State Minister of National Policies and Economic Affairs Dr. Harsha De Silva in Parliament yesterday called for the appointment of a Presidential Commission of Inquiry to investigate the incidents in Ampara and Theldeniya

Tremors for tourism!

Views - 2122 Friday, 9 March 2018 00:00

The country’s tourism industry has been dealt an immediate blow by recent violence in the Kandy District, with hundreds of cancellations

Govt. grapples with communal chaos

Views - 3940 Thursday, 8 March 2018 00:53

As flames engulfed more homes and shops in different parts of Kandy, President Maithripala Sirisena rushed to the hill capital yesterday to meet with religious leaders and Government officials, in a bid to quell the situation.

Govt. declares state of emergency

Views - 3659 Wednesday, 7 March 2018 00:00

President Maithripala Sirisena declared a state of emergency yesterday for the first time since 2011 as the Government

Digana turns divisive!

Views - 7813 Tuesday, 6 March 2018 00:15

The Government yesterday deployed 200 Special Task Force (STF) personnel and declared special area curfew in Digana in the Kandy District, after mobs attacked shops and places of religious worship in the Muslim-majority town.

PM to power stock market takeoff

Views - 1278 Monday, 5 March 2018 00:39

Prime Minister Ranil Wickremesinghe on Friday for the first time met with capital market stakeholders on the sidelines of a successful Invest Sri Lanka Forum in Singapore, listening to a host of issues and assuring to speed up implementation.

PM urges Singapore-based funds to invest in Sri Lanka

Views - 929 Saturday, 3 March 2018 00:02

Prime Minister Ranil Wickremesinghe yesterday urged Singaporeans and fund managers based in the city state to invest in Sri Lanka and be part of the new growth story in the Indian Ocean.

NEC decides to lift ban on glyphosate

Views - 2027 Friday, 2 March 2018 00:00

The National Economic Council (NEC) has decided to lift the arbitrary ban imposed on glyphosate, a widely-used weedicide,

Cabinet reshuffle fell below expectations: Rajitha

Views - 1426 Thursday, 1 March 2018 00:00

A subdued Rajitha Senaratne yesterday admitted that the cabinet reshuffle did not go as many anticipated, saying that more significant changes were expected by Government Ministers, including him.

Stronger policies key for better debt management: Mangala

Views - 723 Wednesday, 28 February 2018 00:00

Finance Minister Mangala Samaraweera yesterday sounded an alarm over the debt repayments of developing countries

Govt. gets going on good governance

Views - 966 Tuesday, 27 February 2018 00:16

In what could have far reaching changes in the law and order sphere, the Government yesterday redoubled its efforts to fast-track anti-corruption measures, appointing three new high-profile ministerial committees and reviewing progress on ongoing inv

Today's Columnists

Craving a world with free migration of Homo sapiens

Monday, 18 June 2018

During the discussion time following the presentation of a paper by former diplomat Tamara Kunanayakam on the invasion of Sri Lanka’s economic policymaking by neoliberal economic thinkers two weeks ago, Colombo University’s economics don Lalithas

Sigmoid Curve and Sri Lanka: Significant signals

Monday, 18 June 2018

Sri Lanka, often named as the ‘Wonder of Asia,’ has many citizens wondering what is going on.

Refuse and recuse in Cloud-Cuckoo-Land

Friday, 15 June 2018

I had a dream. That there were monsters ruling the land in the disguise of being military champions. But then some knights in slightly tarnished armour rode to the nation’s defence and liberated us from our saviours. And all was well again. At leas

Floods, drought and disasters

Thursday, 14 June 2018

The Yahapalana Government has been singularly unfortunate in having to face many natural and manmade disasters during their regime.Almost every year many citizens have to undergo the consequences of floods in certain parts of the country whereas ther

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