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

CB downgrades 2018 growth forecast

Views - 1045 Monday, 6 August 2018 00:29

In the backdrop of modest growth and a challenging external environment, the Central Bank has decided to keep policy rates unchanged, voicing expectations for the first half of 2018 to grow about 3.5% to eventually end the year at 4%, behind the init

CB keeps rates steady

Views - 444 Saturday, 4 August 2018 00:10

The Central Bank yesterday decided to keep policy rates steady on moderate inflation, high interest rates and challenging external environment, with projections showing Sri Lanka would experience around 4% growth in 2018. The latest update to the

Mangala’s microfinance mantra

Views - 1176 Friday, 3 August 2018 00:00

Finance Minister Mangala Samaraweera yesterday outlined fresh measures for the microfinance industry that include

Govt. ups tax on small and eco-friendly cars

Views - 1544 Thursday, 2 August 2018 00:00

The Finance Ministry yesterday revised upwards the excise duty levied on vehicles with engine capacity less than 1000cc, to control the heavy outflow of foreign exchange. Accordingly, the duty on vehicles with less than 1000cc engine capacity has bee

Prices of 25 more drugs slashed

Views - 969 Wednesday, 1 August 2018 00:00

Health Minister Dr. Rajitha Senaratne yesterday slashed the prices of 25 additional drugs, including cancer medication

Govt. to split tender for BIA Terminal 2 to reduce cost

Views - 1869 Tuesday, 31 July 2018 00:13

By Chathuri Dissanayake After negotiations with bidders to match the Engineer Estimate for the extension of Bandaranaike International Airport (BIA) failed, the Transport and Aviation Ministry is now seeking approval to split the tender, with aims to

JKH begins FY19 with dip in profit

Views - 1319 Monday, 30 July 2018 00:54

Premier blue chip John Keells Holdings PLC (JKH) has begun the 2018/19 financial year (FY) with a dip in profit, reflecting challenging economic....

Moody’s affirms Sri Lanka’s ratings at B1; maintains negative outlook

Views - 620 Friday, 27 July 2018 00:00

Moody’s Investors Service yesterday affirmed Sri Lanka’s foreign currency issuer and senior unsecured ratings at B1 and maintained the negative outlook.

Rs. 500 m boost for Ceylon Tea promotion

Views - 565 Thursday, 26 July 2018 00:38

By Chathuri Dissanayake Government this week decided to extend the brand promotion scheme available for Sri Lankan-owned tea brands selling under the Pure Ceylon Tea label for 2018/2019, allocating Rs. 500 million. The extension of the scheme was app

Professionals need soul-searching

Views - 713 Wednesday, 25 July 2018 00:00

Professional associations are among local stakeholders that restrict progressive policies on education as they are focused

ITC hails SL trade policies, but counsels faster pace

Views - 668 Tuesday, 24 July 2018 00:12

By Charumini de Silva Strong commitment by the public and private sectors to increase capacity of local exports and improve trade performance and competitiveness augurs well for Sri Lanka to become a successful modern economy, believes International

Export growth outpaces import gain in May

Views - 1008 Monday, 23 July 2018 00:48

Exports growth in May outpaced that of imports, though the latter weighed heavily in the cumulative first five months performance, widening the trade deficit further.

SL’s online trade portal goes live

Views - 1036 Saturday, 21 July 2018 00:10

Completing a major milestone in its WTO Trade Facilitation Plan and kicking off one of the biggest projects in its international trade history, Sri Lanka officially unveiled its Trade Information Portal (TIP) yesterday.

Govt. launches landmark five-year National Export Strategy

Views - 1360 Friday, 20 July 2018 00:00

Opening a new chapter to link local exports to global value chains, Prime Minister Ranil Wickremesinghe yesterday launched

Govt. amends NBT

Views - 2550 Thursday, 19 July 2018 00:21

By Ashwin Hemmathagama Parliament yesterday approved the Nation Building Tax (NBT) (Amendment) Bill with changes allowing several sectors to be exempted from NBT to increase entrepreneurship opportunities and foster economic growth. Moving the Nati

SL-Singapore FTA need of the hour: Malik

Views - 1043 Wednesday, 18 July 2018 00:00

The Free Trade Agreement (FTA) signed between Sri Lanka and Singapore to liberalise and facilitate trade and investments

Probe into MR’s Presidential campaign funds still on: PM

Views - 1037 Tuesday, 17 July 2018 00:18

Prime Minister Ranil Wickremesinghe yesterday denied any suspension of investigations into alleged transfer of funds during the 2015 presidential election, a statement made by the Prime Minister’s Office said. Addressing the Parliamentary group of

Over $ 16 b investment projects under discussion with Singapore: BOI

Views - 1784 Monday, 16 July 2018 01:25

Sri Lanka is gearing to reap the benefits of the Free Trade Agreement with Singapore, with four mega projects being discussed by the Board of Investment (BOI).

Mangala raps Mahinda

Views - 1780 Saturday, 14 July 2018 00:25

Finance Minister Mangala Samaraweera yesterday levelled a scathing criticism against former President Mahinda Rajapaksa for misleading the public on the new fuel price formula, claiming his conduct was “unbecoming of a senior politician of the coun

Govt. told foreign investors seek policy consistency, stability

Views - 825 Friday, 13 July 2018 00:00

As Sri Lanka looks to position itself as an attractive foreign direct investment (FDI) and trade destination in its pursuit

Performance-Based Budgeting system for 2019

Views - 1556 Thursday, 12 July 2018 01:04

The Cabinet this week gave approval to prepare the 2019 National Budget under the medium term fiscal frame work (MTFF) by adopting a Performance-Based Budgeting (PBB) approach, with aims of increasing the Government revenue to 17% of GDP by 2021, Cab

CIFC laws before Cabinet in two months: PM

Views - 987 Wednesday, 11 July 2018 00:00

The Colombo International Financial City (CIFC) project is expected to take a step forward in the next two months when

Govt. gets aggressive on ports as pivot

Views - 1579 Tuesday, 10 July 2018 00:32

By Nisthar Cassim Hot on the heels of concluding the landmark revamp of Hambantota Port, the Government is unleashing a slew of initiatives to develop the rest of the Ports in the country as a pivot to strengthen the island’s hub status and boost t

CB downgrades 2018 growth rate

Views - 1255 Monday, 9 July 2018 00:27

Moderate first quarter performance has prompted the Central Bank to revise down the growth target for 2018 to 4%-4.5% from an initial forecast of 4.5%-5% with its Chief Dr. Indrajit Coomaraswamy cautioning against reducing interest rates to spur grow

CB holds rates steady

Views - 515 Saturday, 7 July 2018 01:51

The Central Bank yesterday decided to keep policy rates steady on low inflation and moderate first quarter growth numbers, but said it would remain vigilant of global market developments and possible spillover effects, while continuing to closely mon

SOE heads told to shape up

Views - 760 Friday, 6 July 2018 00:00

State-Owned Enterprises (SOEs) must mend their loss-making ways by improving governance to meet the growth demands

Govt. won’t delay PC polls: PM

Views - 477 Thursday, 5 July 2018 00:39

By Skandha Gunasekara The Government had no interest in delaying Provincial Council Elections, Prime Minister Ranil Wickremesinghe told Parliament yesterday. The Prime Minister made this statement in response to a question posed by Joint Opposition M

SL to grow 4.8%: UNESCAP

Views - 821 Wednesday, 4 July 2018 00:00

Sri Lanka is expected to grow at 4.8% in 2018, the United Nations Economic and Social Commission for Asia and the Pacific

Today's Columnists

Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav

Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every

Coup Sri Lanka: some winners, mostly losers

Wednesday, 21 November 2018

As a president proves shockingly stubborn, a nation waits with baited breath as to what His Excellency the loose cannon on a rocky slope will do next. Two Prime Ministers and the fates of their respective parliamentary groups hang in the balance lik

Rising dollar and bank NPA, brothers in arms?

Wednesday, 21 November 2018

The rising Non-Performing Advances (NPA/NPAs) is a matter of concern to the entire financial industry. It is a nightmare. The weekend papers have published some articles based on interviews journalists conducted with respective bank CEOs and also bas

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