TOP STORY

MR renews warning against draconian and undemocratic Counter Terrorism Bill

Views - 776 Wednesday, 3 April 2019 00:00

Opposition Leader and former President Mahinda Rajapaksa yesterday renewed his serious concern over the Counter Terrorism Bill, warning it will destroy democratic rights of people and lead the country to a repressive ‘police state’. Briefing edit


CEB acts to light up SL

Views - 1755 Tuesday, 2 April 2019 00:06

Ceylon Electricity Board (CEB) yesterday signed a power purchase agreement with one independent power producer to the grid, while issuing a Letter of Intent (LOI) for three successful bidders in supplementary power tender, highly placed sources confi


Cabinet nod for Trade Assistance Program

Views - 719 Monday, 1 April 2019 00:22

The Trade Assistance Program (TAP), which was formulated by the Government to offset adverse impact to companies and workers from tariff and para-tariff removals, as well as increased competition from Free Trade Agreements (FTAs), received Cabinet ap


PM dismisses defeat of expenditure heads

Views - 954 Saturday, 30 March 2019 00:01

Prime Minister Ranil Wickremesinghe yesterday denied that the defeat of several expenditure heads in Parliament on Thursday created any serious threat for the Government and dismissed its repercussions by pointing out it was only a loss of Rs. 320.


Sirisena hits SLAS with home truths

Views - 2364 Friday, 29 March 2019 00:01

By Nuwan Senarathna Delivering some home truths, President Maithripala Sirisena yesterday took the cream of Sri Lanka’s public sector to task for making tough demands from the Government on salaries and other perks, but failing to deliver on cri


Vehicle importers cry foul over customs anomalies on hybrid car classification

Views - 1485 Thursday, 28 March 2019 01:56

The Vehicle Importers’ Association of Lanka (VIAL) yesterday charged that bureaucrats with vested interests within the Department of Customs is costing the Government, its membership, and the public millions in revenue. At a media conference, VIALc


President electrocutes PUCSL for power crisis

Views - 1821 Wednesday, 27 March 2019 00:00

By Chathuri Dissanayake President Maithripala Sirisena found fault with the Public Utilities Commission for creating the power shortage in the country during yesterday’s Cabinet meeting. Discussing the power crisis in the country, the President sa


PUCSL to take legal action against CEB

Views - 1726 Tuesday, 26 March 2019 00:10

The Public Utilities Commission of Sri Lanka (PUCSL) is set to take legal action against the Ceylon Electricity Board for carrying out scheduled power interruptions sans their approval, noting the move was illegal as per the conditions of the License


Largest ever FDI sign of working Govt. says PM

Views - 1739 Monday, 25 March 2019 00:11

Kicking off the $3.8 billion refinery project, billed as the largest Foreign Direct Investment (FDI) to be received by Sri Lanka, in Hambantota yesterday, Prime Minister Ranil Wickremesinghe outlined ambitious plans to attract investment from multipl


Govt. signs largest project loan with China

Views - 903 Saturday, 23 March 2019 00:10

The Government yesterday signed the single largest project loan with China for $ 989 million, which will be used to fund the first phase of the Central Expressway project, the Finance Ministry said yesterday. The $ 989 million loan is from the EXIM B


Solar under shade

Views - 2399 Friday, 22 March 2019 00:00

Years of Government delays in implementing solar power projects has increased the danger of power supply shortages, the Solar Industries Association (SIA) said yesterday, calling for approvals for nearly 600 applications


Ranil revs up private sector

Views - 1437 Thursday, 21 March 2019 01:26

Delivering a vote of confidence,Prime Minister Ranil Wickremesinghe on Tuesday backed the private sector insisting that as the engine of growth they have what it takes to deliver a stronger economy for Sri Lanka and pledged to provide support for com


Smooth start for FDI: Govt.

Views - 1122 Wednesday, 20 March 2019 00:00

Emboldened by a $ 3.85 billion investment for an oil refinery in Hambantota, the Board of investment (BOI) is confident of meeting this year’s targets, focusing on manufacturing and service sector investments to give the country’s economy a much-


Swift conclusions to corruption trials needed: President

Views - 350 Tuesday, 19 March 2019 01:26

President Maithripala Sirisena yesterday said that even though there was a clear policy for combating corruption, law enforcement still remained problematic, acknowledging that swift conclusion to corruption cases was also needed. Speaking at the c


Dhammika makes strong case for national strategy for AI

Views - 2509 Monday, 18 March 2019 00:00

Business leader Dhammika Perera last week made a compelling case for why Sri Lanka should urgently prepare a national strategy for Artificial Intelligence (AI) as a progressive move to address multiple socio-economic problems, warning failure would m


Govt. promising but underspending on education: JVP

Views - 240 Saturday, 16 March 2019 00:13

By Ashwin Hemmathagama – Our Lobby Correspondent In successive Budgets, the Government has consistently reduced public funding for education as a percentage of GDP and failed to disburse the pledged funds, the Opposition said yesterday, pointing ou


MR’s time no “golden era”: PM

Views - 1034 Friday, 15 March 2019 00:00

Prime Minister Ranil Wickremesinghe yesterday challenged the Opposition assumption that the former Government had created a ‘golden era’, insisting that it had overseen a time when Sri Lanka’s exports had reduced, its economy lost its competiti


Six committees for Budget implementation: Mangala

Views - 851 Thursday, 14 March 2019 02:41

Deflecting criticisms of tax changes in Budget 2018, Finance Minister Mangala Samaraweera yesterday contended that proposals were focused on creating a level playing field for local businesses and that six committees would be appointed to monitor imp


Budget passes first hurdle

Views - 1114 Wednesday, 13 March 2019 00:00

Finance Minister Mangala Samaraweera yesterday batted away criticisms,defending Budget 2019 as an engine for creating entrepreneurs,while outlining measures to resume vehicle permits from 1 May, and create more space for local e-commerce sites by cha


Economy gets Rs. 300 b cash boost: PM

Views - 1657 Tuesday, 12 March 2019 00:58

Prime Minister Ranil Wickremesinghe on Sunday revealed there has been a Rs. 300 billion cash infusion to the economy following a host of recent measures taken to address the liquidity issue. Speaking at the 20th anniversary of Chamber of Young Lankan


Budget gets IMF support

Views - 870 Monday, 11 March 2019 01:24

Budget 2019 has drawn support from the International Monetary Fund (IMF), but it comes coupled with a call for a prudent policy mix with continued fiscal discipline and reforms, especially stronger performance monitoring of State-owned enterprises (S


CB raises $ 2.4 b in ISB offering

Views - 569 Saturday, 9 March 2019 00:10

The Central Bank yesterday said it has successfully raised $ 2.5 billion after launching its first International Sovereign Bond (ISB) on Thursday, which will be largely used for debt repayments and bolstering reserves. On Thursday, the Central Bank,


Orders for bond sale top $ 3 b

Views - 939 Friday, 8 March 2019 00:00

The Sri Lankan Government has launched its first International Sovereign Bond (ISB) for 2019 and is expected to accept at least $2.5 billion, which will largely be used for debt repayment. Sri Lanka launched the sale of US dollar-denominated bonds o


Mangala vows to step up on Budget implementation

Views - 881 Thursday, 7 March 2019 01:17

As the Cabinet is made up of one party, Finance Minister Mangala Samaraweera was yesterday optimistic of stronger implementation, and credited Budget 2019 with possessing policy consistency that would assist the Government to foster growth, focus on


Boosts and bumpers in Budget

Views - 3693 Wednesday, 6 March 2019 00:00

True to expectations, Finance Minister Mangala Samaraweera yesterday presented a people-friendly Budget for 2019, balanced with maintaining policy consistency and reforms for the private sector, though the Opposition and some analysts were wary.....


Big expectations on Budget 2019

Views - 6211 Tuesday, 5 March 2019 01:37

Finance Minister Mangala Samaraweera will today present the Government’s Budget for 2019 under the theme ‘Empowering the People, Nurturing the Poor,’ which will set critical policies and priorities for an election year.


ADB boosts over 1,700 micro and SMEs with $ 125 m worth lending

Views - 709 Monday, 4 March 2019 00:30

Following the successful disbursement of $100 million financial intermediation loan to uplift micro, small and medium enterprises (MSMEs) in Sri Lanka, the Asian Development Bank (ADB) said that its innovative approach in effectively implementing the


IMF program extended by one year

Views - 644 Saturday, 2 March 2019 00:10

The International Monetary Fund (IMF) yesterday extended its $ 1.5 billion Extended Fund Facility (EFF) with Sri Lanka by one year, but warned a concentrated effort was needed to preserve ‘hard-won’ gains of fiscal consolidation to meet debt repa


Defend democracy

Views - 734 Friday, 1 March 2019 00:00

With democracy under threat around the world, former US Ambassador to the United Nations Samantha Power yesterday called on Sri Lanka to protect its democratic ideals and institutions, so that fostering unity, promoting equality, and improving develo


NEC proposes regulatory authority for microfinance

Views - 749 Thursday, 28 February 2019 00:00

By Uditha Jayasinghe The National Economic Council (NEC) is planning to establish a regulatory authority for the microfinance industry as a long term measure to tackle rampant indebtedness. NEC Secretary General Prof. Lalith Samarakoon told reporte


Today's Columnists

“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


We should sell our water

Monday, 22 July 2019

When you read the title of this article, you will probably feel disgusted with me as selling our water has been a controversial topic since a long time ago. By the way, I am talking about virtual water trade and you would be surprised to know that we


A voice of compassion amid howls of zealotry

Monday, 22 July 2019

The unrestrained freedom extended by the current regime to a bunch of saffron-clad street vendors of Sinhala Buddhist zealotry is pushing Sri Lanka once again into a cauldron of ethnic and religious convulsion. The nationwide spread and virulence of


Roger Beteille: The man who reinvented the commercial airliner

Monday, 22 July 2019

The visionary engineer, pilot and manager who led Airbus to some its most significant decisions, passed away last month. Beteille, who was the head of French aircraft manufacturer Sud Aviation’s flight testing section, was made technical director


Columnists More