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Archives

Costly US PR project: CB intends to conclude probe within month

Aug 2 (Island) The Central Bank has launched an investigation into multimillion US dollar payments made by the previous governments to various international public relations firms, particularly those based in the US. A senior Central Bank official said that an investigation was underway to ascertain the payments. "We hope to conclude the inquiry within a month. Thereafter, the case will be referred to the law enforcement authorities," the official said. more..

No justifiable reasons to arrest Tiran Alles: SC determines

Aug 2 (AD) The Supreme Court today determined that no justifiable reasons to arrest former MP Tiran Alles; cannot be arrested until final determination of the Fundamental Rights petition filed by him. Alles filed the FR petition seeking an order to prevent his arrest in connection with an alleged financial misappropriation amounting to approximate Rs. 640 million, reporter said. The police on April 9 also recorded a statement from the MP in this regard as well. more..

Sri Lanka urged to toughen fines for accounting abuses

Aug 2 (EN) A World Bank review of Sri Lanka’s accounting regulations and practices has called for tougher sanctions on firms which don’t comply with accounting and auditing standards. The report on the Observance of Standards and Codes, Accounting and Auditing (ROSC A&A) aims to raise corporate financial reporting standards on the island to improve its investment climate and competiveness. The report said sanctions that Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB), more..

Rajapaksa vanity airport takes off as Sri Lanka rice hub

Aug 2 (EN) Sri Lanka's white-elephant Mattala Rajapaksa International Airport (MIRA) was turned into a paddy storage warehouse today in a bid to reduce operational costs of the facility that failed to take off as an airport. The $210 million MIRA at his home constituency of Hambantota was used only by Fly Dubai budget carrier which operates five weekly flights. "A cargo terminal was released to the Paddy Marketing Board to be used as their go down," more..

Sri Lanka stocks close down 0.8%

Sep 2 (LBO) Sri Lankan stocks closed down 0.8% on Wednesday for the third consecutive session with investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index closed down 58.36 points at 7,240.39 down 0.8%. S&P SL20 closed 26.05 points lower at 3,981.27 down 0.65%. “Investors continued to take profits from the market for a third consecutive day from the index heavy stocks,” Lanka Securities said. Turnover was 662 million rupees, more..

Two arrested with Rs7.1 mn worth of foreign currency

Sep 2 (Island) Customs at Bandaranaike International Airport (BIA) thwarted an attempt by two Sri Lankans to smuggle out foreign currencies worth over Rs. 7,185,000 to Singapore. Customs Spokesman Leslie Gamini said that the smugglers aged 29 and 34 were from Watawala and Ragala and USD 22,000, Euro 25,900 and Swiss Franc 4,500 had been taken into custody. The smugglers were estate workers and they were not frequent travellers as this was the first such detection, he said. more..

Daily Mirror Cartoon

Migrant labour rights

Sep 2 (CT) While elsewhere in the world illegal migrants are dying in their hundreds trying to flee conflict areas in the Middle-East (ME), in a tragi-comic turn of events, legal, labour migrants from this part of the world serving in the ME are also becoming casualties not due to war, but due to other circumstances beyond their control. And the Colombo Government is seemingly not doing anything about it. Yesterday, this newspaper reported of a fire at an oil prospecting company's more..

The President’s vision & effective risk management

Sep 2 (CT) Dear Mr. President, You have yesterday, during the opening session of the 8th Parliament, in announcing the Policy Statement of the new National Unity Govt, clearly articulated the vision of ushering in reconciliation, mutual understanding, sustainable and equitable socio economic development and religious harmony, realized through a new political culture of consensus politics, where key national policies and practices of compassionate governance will remain unchanged over more..

Tharindu Kaushal reported for suspect action

Sep 2 (CI) Offspinner Tharindu Kaushal has been reported for a suspect illegal bowling action following the third Test against India that ended at the SSC on Tuesday. Kaushal, 22, will have to undergo a test on his action at an ICC-accredited facility within 14 days but he can continue bowling in international cricket until the results are out. Kaushal has played 6 Tests and 1 ODI, having made his international debut in Dec 2014. more..

Dates for PM's Delhi visit yet to be finalised

Sept 2 (ENS) India and Sri Lanka are working to fix the dates for PM Ranil Wickremesinghe to make New Delhi his first foreign port of call this month itself. Sources said that there had been exchange of dates for Wickremesinghe’s visit. “It could take place within the next two to three weeks,” said a senior diplomat. This will be the first overseas visit of Wickremesinghe since he was appointed PM after the surprise win of more..

Stop witch-hunt against army intelligence personnel: BBS

Sept 2 (DM) BBS Galagodaaththe Gnanasara Thera called on authorities to stop hunting army intelligence personnel for the benefit of foreign parties, and protect law abiding Sri Lankan army personnel instead. “It has come to our notice that international conspirators and those working for many NGOs want to portray the law abiding SL army as being atrocious killers. Several army intelligence personnel had been arrested without more..

Vaiko seeks international probe into Lankan genocide

Sept 2 (ENS) MDMK general secretary Vaiko submitted a memorandum at the US Consulate General in Chennai urging the US govt to reconsider its decision to support a domestic probe into the genocide of Sri Lankan Tamils. However, the US Consul General, who initially gave an appointment to Vaiko, refused to meet him, the MDMK claimed in a press release here. Vaiko was also not allowed inside the Consulate, more..

Will UN report bring justice for war victims?

Sept 2 (IRIN) Thavarasa Utharai says she isn’t exactly sure where Geneva is, but she is anxiously awaiting a report soon to be made public in the Swiss city that is expected to expose war crimes committed during Sri Lanka’s civil war. After acceding to the Sri Lankan govt’s request to delay the report by six months, the Geneva-based UN Office of the High Commissioner for Human Rights is scheduled to finally release results more..

Sri Lanka prints over 100 billion rupees

Sept 2 (EN) Sri Lanka has printed over 100 billion rupees in the past three months to meet deficit spending, resist a market interest rates rise and contractions in the monetary base amid capital flight. Until June 2015, releases of cash tied up in term repo deals at the Central Bank which is also similar to money printing delayed interest rates from adjusting, despite the budget deteriorating sharply from Jan 2015 with more..

Toyota says cause of fire cannot be determined

Sept 2 (DM) Motor car bearing number KQ-6543 which was found with Wasim Thajudeen's body inside had been severely gutted by fire. A definite opinion as to whether the fire was due to an accident cannot be given, stated W. L. Wilson, the technical consultant of Toyota Lanka head office, in a letter addressed to Colombo Additional Magistrate Nishantha Peiris. This letter was in response to an order of the court. more..

Politicos, govt officials facing criminal charges return to face the music

Sep 2 (ST) A string of investigations against politicians and officials on allegations varying from murder to misuse of funds, continued this week, after some of them were suspended during the election period. The first to visit the FCID was MP Wimal Weerawansa’s wife, Shashi Weerawansa, when she was re-summoned by the FCID on August 20, for a statement regarding her assets. She was questioned on utility bills & details of her monthly income. more..

National Govt: The Public speaks out

Sep 2 (SL) The most peaceful general election held in this country in recent times ended on August 18. Since the majority of Sri Lankans accepted its mandate, they did not make few complaints against the manner in which the election was held and its results. However, the election results have given a mixed signal. No political party has been able to secure a clear majority. Nevertheless, PM Ranil Wickremesinghe, more..

Karu Jayasuriya: Speaker of 8th Parliament

Sep 2 (DM) Karu Jayasuriya who is considered a liberal democrat with gentlemanly politics has never got his image tarnished with allegations of corruption or misdeeds and comes from a respected business and plumbago mine owning family in Mirigama at Hapitigam Korale in Gampaha and is the eldest son of a five member family. Incidentally, the Speaker in the SL Parliament has more power bestowed on him more..

Tracing the birth of the SLFP

Sep 2 (DM) Sri Lanka Freedom Party (SLFP) is generally considered as having been founded in 1951 on a socialist economic agenda and is habitually allied with nationalist Sinhala groups. In 1950, D. S. Senanayake was able to exploit the weaknesses of political forces against him to transform his govt into a stable entity from its fragile coalition two years before. The strong Marxist main opposition was divided on ideological disputes and personal differences. more..

Singapore model for Sri Lanka: Let's celebrate diversity

Sep 2 (DM) This week, our leaders are laying the foundation for a National Unity Govt with a new political culture based on the principles of consensual and consultative politics. President Maithripala Sirisena and PM Ranil Wickremesinghe say their goals include good governance, democracy and social justice, accountability and transparency in the framework of a society where plurality and diversity are celebrated. Many Sri Lankan leaders have spoken of a Singapore model. more..

MS promises consensual governance

Sep 2 (Island) President Sirisena yesterday said his administration would introduce a new political culture and the country would be governed through consensus for the next two years. "This country has been ruled by two parties from time to time since Independence. One party ruled the country for 35 years and the other for 32 years. I hope to change this political culture and replace the two party system by a govt of consensus more..

Front row seat for MR

Sep 2 (CT) Former President Mahinda Rajapaksa was seen occupying a front row seat in oppositions benches as the Eighth Parliament met for the first time yesterday. When MP Rajapaksa walked down the aisle to his seat in the opposition's front row, opposition MPs stood up as he passed as a mark of respect. A smiling Rajapaksa walked to the front row and took the seat between SLFP group leader Nimal Siripala de Silva and MP Sarath Amunugama. Front row in the govt ranks have been reserved more..

New constitution, oversight committees soon: Ranil

Sep 2 (DM) PM Ranil Wickremesinghe, who congratulated Speaker Karu Jayasuriya, said the new govt intended to introduce parliamentary oversight committees, a budget office and a new constitution. He said he believed the new Speaker would use his wide and long experience both as a diplomat and a politician and play the pivotal role as the custodian of parliamentary precepts and traditions in achieving these objectives. The people expected political parties to work together more..

Top performing UNP MPs to get best ministerial portfolios

Sep 2 (Island) The top performing UNP candidates at the August 17 Election are to be given the more important ministerial portfolios in the new Cabinet to be sworn in before President Maithripala Sirisena on Friday. Sources said that the criteria for appointment of ministers had been laid down by PM Ranil Wickremesinghe prior to August 17, Polls. "UNP candidates who performed well in winning their electorates or in the case of more..

Enact electoral reforms within a year: Nimal

Sep 2 (DM) Electoral reforms must be enacted during the first year of the new parliament, former Opposition Leader Nimal Siripala de Silva said today. Extending his congratulations for the Speaker, he said a mix of the First Past the Post System and the Proportional Representation should be introduced forthwith and the preferential voting abolished. He said Speaker Karu Jayasuriya, as a member of the UNP, took a keen interest in evolving a new electoral system. more..

Opposition Leader to be appointed tomorrow

Sep 2 (CT) It has been decided to name the Opposition Leader and the Chief Organizer of the Eighth Parliament tomorrow. This decision was made at a meeting of party leaders held at the Speaker's Office in Parliament yesterday chaired by Speaker Karu Jayasuriya. In addition, the debate asked for by the Janatha Vimukthi Peramuna pertaining to the number of ministers to be appointed to the National Government will be taken up for discussion on 3 September. more..

War crimes probe: Canada won’t reveal its stand till text of new resolution is ready

Sep 2 (Island) Canada has reiterated that Sri Lanka should cooperate with the Office of the High Commissioner for Human Rights (OHCHR) in fulfilling its human rights obligations. Having acknowledged the decision to request a one-time extension of the OHCHR probe into human rights violations in Sri Lanka at 28th session of UNHRC, Canadian govt spokesperson said that Canada would examine OHCHR report carefully. more..

Sri Lanka surpasses Guinness Record in kandy for world’s largest tea party

Sep 2 (CT) In a unique partnership, Sri Lanka Tourism, SriLankan Airlines and Sri Lanka Tea Board with implementing partner APOT (Asia Pacific Onboard Tour agencies) Sri Lanka crossed the Largest Tea Party in the Guinness Book of Records in Kandy over the weekend. The private sector partner was global value added tea brand Basilur whilst the official biscuit was Maliban. The 32,682 and 32,683 cups of tea were consumed by President Sirisena and PM Wickremesinghe, more..

Kotahena shooting: Police release suspect’s photo

Sep 2 (DM) Police released the photograph of a person identified as Jude Priyantha Francis and sought the public’s assistance to locate his whereabouts. He is a suspect in the Bloemendhal shooting which killed two people and injured 12 others during an election campaign. Police said the suspect is known to have two residential addresses, one at 75/51 B, First Cross Lane, Templers Road in Mount Lavinia and at No. 15/19A, Weligampitiya, Ja-Ela. They said any information could be more..

Karu,Thilanga elected unanimously as Speaker and Deputy Speaker

Sep 2 (Island) The eighth parliament which commenced sittings yesterday selected Karu Jayasuriya and Thilanga Sumathipala unanimously to the posts of Speaker and Deputy Speaker respectively. TNA’s Selvam Adikkalanathan was selected to the post of Deputy Chairman of Committees. When the House commenced sittings at 9.30 am, as Sergeant-at-Arms Anil Parakrama paraded the Mace all members arose from more..

Marriage registrations on the decline

Sep 2 (DN) The number of marriage registrations in Sri Lanka decreased during the past four years. In 2011, 200,314 marriages were registered and it deceased to 198,710 in 2012. Only 180,760 marriages were registered in 2013. This is a considerable drop when compared with the 2011 statistics. Only 175,728 marriages were registered last year. 155,171 registrations were carried out under the normal law while 822 marriages were registered under the Up Country Law. more..

Wimal denies...

Sep 2 (DN) Referring to our lead story of yesterday Wimal apologies to President National Freedom Party Leader Wimal Weerawansa, MP states that he denies the content of the story in toto, as the story was based on false assumption. The letter signed by Wimal Weerawansa states: The news item's claim is based on false information. Hence, I deny the content of the story toto. I request that my statement be given the same prominence, that was given to the news item. more..

Push Sri Lanka not to arrest fisherfolk: CM

Sep 2 (ENS) Bringing to the notice of Prime Minister Narendra Modi yet another incident of arrest of Tamil Nadu fishermen by the Lankan Navy, Chief Minister J Jayalalithaa urged him to take immediate steps to release the 16 fishermen and their boats. She also urged the PM to initiate proactive measures that would bring about a permanent solution to the sensitive issue affecting livelihood of thousands of fishermen in TN. more..

Life Insurance policies to surge to Rs 50 b

Sep 2 (DN) Insurance Board of Sri Lanka (IBSL) estimates that value of Lift insurance polices is likely to increase to Rs.50 billion by end of 2015. This was at Rs. 43 billion in 2014. IBSL Director General Damayanthi Fernando speaking at the Life Insurance Month launch from Sept 1 to 30 organized by Insurance Association of Sri Lanka (IASL) said 92% of these are being channelled by insurance advisers. “We have also seen a sharp 11% increase of them and we estimate that more..

BusinessDFCC, DFCC Vardhana Bank amalgamation approved

Sep 2 (DN) The amalgamation of DFCC Bank (DFCC) and DFCC Vardhana Bank (DVB) was unanimously approved by the shareholders of the two companies, at the Extraordinary General Meetings held on Aug 28. The Banks have received the letter of provisional approval from the Central Bank to proceed with the amalgamation, but await formal approval. The surviving entity will be DFCC Bank PLC, and the amalgamation will take effect on Oct 1 or such other date as may be approved more..

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