TOP STORY

New UN Resident Coordinator in SL

Views - 229 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 - 3555 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 - 5854 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 - 3359 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 - 1685 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 - 1972 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 - 2920 Sunday, 2 September 2018 12:02

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


SL banks backed for regional expansion

Views - 663 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 - 874 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 - 2563 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 - 1618 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 - 837 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 - 1739 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 - 658 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 - 908 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 - 1113 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 - 1991 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 - 662 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 - 2610 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 - 673 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 - 952 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 - 1076 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 - 728 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 - 2274 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 - 1318 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 - 1414 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 - 299 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


Development projects fail set targets

Views - 1162 Thursday, 9 August 2018 00:57

By Chathuri Dissanyake Almost half of the Government’s development projects and programs managed under 47 line ministries have not reached at least 50% of quarter one targets, the Finance Ministry reported to Cabinet this week. Presenting the rep


Decision on Opp. leader this week

Views - 633 Wednesday, 8 August 2018 00:00

Speaker Karu Jayasuriya informed Parliament yesterday that the final decision on the Opposition leader position would


Approval documents on Rs. 46.4 b of UL bonds missing: Official

Views - 542 Tuesday, 7 August 2018 00:10

SriLankan Airlines issued bonds worth over Rs. 46.4 billion from 2011 to 2013, but the documents pertaining to the issuer currently could not be found, the Presidential Commission of Inquiry (PCoI) to inves


Today's Columnists

Taking sides – on the side of the law

Monday, 19 November 2018

I am under criticism for “taking sides” in the ongoing dispute between the UNF and UPFA. Former President Mahinda Rajapaksa has accused me thus: “Yesterday a commissioner from the Elections Commission went to the Supreme Court saying that the P


Hang the House! It’s OUR country, future, etc.

Monday, 19 November 2018

I have rarely if ever empathised with the Sri Lanka Police Department. But when I saw those hapless cops ducking chilli bombs in Parliament, my heart went out to those whom I had previously seen as simply being PC Plods or Mr Goons. Sorry to say that


The only way out

Monday, 19 November 2018

Leaving aside the legalities, politicalities, constitutionalities and the complexities of the current imbroglio in which the nation is grounded (temporarily), the underlying issues in the constitutional crisis can be reduced to one single question: a


Man-made constitutional crisis: Personal vendettas should not be allowed to destroy the country

Monday, 19 November 2018

President is simply one presiding over an entity of people It all came to surface as the culmination of a personal vendetta between President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. The country at large knew of it when the Pre


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