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Archives

FTA with Singapore: Professionals claim govt misleading public

Jan 22 (CT) Sri Lankan professionals claim that they are yet to see a Draft of the Free Trade Agreement (FTA) to be signed between Sri Lanka and Singapore, although the Govt claims that it had received their approval. They warned that the basic legal framework has to be prepared prior to signing such an agreement. If not, Sri Lanka will have to face a number of serious problems. more..

Video tapes of Ranjan to be produced in Court

Jan 22 (NR) Supreme Court has issued an order to produce the video tapes pertaining to the case filed against Deputy Minister Ranjan Ramanayake on charges of Contempt of Court. The order was issued by a trial-at-bar when the case was taken up for hearing today. Additional Solicitor General representing the Attorney General said the video tapes have been submitted to the AG’s Department and to the SC. Additional Solicitor General also said he would make arrangements to more..

Injury concerns pile up for Sri Lanka, Kusal Perera ruled out

Jan 22 (CT) The injury concerns seem to be on the rise for the touring Sri Lanka side in Bangladesh. The islanders are currently in Bangladesh for a full tour. Prior to the Tests and T20Is, they are currently engaged in the ODI tri-series that has Bangladesh and Zimbabwe as the other two teams. Much to the disappointment of the Sri Lankan fans, the team has been jolted with yet another injury concern. One of the promising batsmen in their top order, Kusal Perera has been ruled out more..

Govt power not necessary to develop local councils

Jan 22 (LT) This local govt has become one that changes the direction of politics in the country and the party that rules the country need not be brought to power in the local govt council to develop it says General Secretary of the JVP Tilvin Silva. He said this at a rally held at Koggala to affirm the victory of the JVP candidates contesting the Ambalangoda PS. He said, “At LG election this time people representing more..

Video: Parents protest against Uva CM

Jan 22 (AD) A group of parents staged a protest march today against the incident in which the Principal of Tamil Girls’ Maha Vidyalaya, Badulla was allegedly made to kneel down by the Uva Chief Minister. The march began in front of the school and proceeded towards Badulla town. A letter was handed over to the Governor by the protestors. Meanwhile the Ceylon Teachers’ Union (CTU) says that a series of island-wide protests will be organized if Uva Chief Minister is not arrested more..

No tax increase on essentials: Finance Min.

Jan 22 (NR) The Ministry of Finance says reports that claim the government has increased the tax on Maldive Fish and other essential goods are false. Issuing a statement, the Finance Ministry said certain groups are making false statements over the gazette issued on the 18th of January, extending the period to implement the tax on special commodities. Ministry claimed the gazette was issued only to extend the time period to implement the tax on special commodities. more..

Nationwide inflation slows to 7.3%

Jan 22 (EN) Nationwide inflation in Sri Lanka, as measured by the change in the National Consumer Price Index (NCPI), slowed to 7.3% in Dec 2017, the lowest in four months, from 8.4% in Nov 2017. The decrease in the NCPI, which is compiled by Dept of Census and Statistics, was due to the high base that prevailed in Dec 2016. NCPI measured on an annual average basis increased from 7.5% in Nov 2017 to 7.7% in Dec 2017. more..

SL ranked 40th among emerging economies

Jan 22 (NR) Sri Lanka has been ranked 40th among emerging economies on an Inclusive Development Index. The World Economic Forum issued its annual Inclusive Development Index today before the start of its annual meeting in Davos, Switzerland. The index takes into account the living standards, environmental sustainability and protection of future generations from further indebtedness. The index has recognised 30 advanced economies and 77 emerging economies. more..

Ancient artefacts seized by Mihintale Police

Jan 22 (DM) Two ancient Buddha statues, three copper caskets, and three conch shells that had allegedly been dug up from a treasure in Mahakanadarawa Forest Reserve in Mihintale had been seized by Anuradhapura Police during a raid in the forest reserve. “However two treasure hunters left the bag containing the artefacts and fled the scene. Police gave chase to arrest them but to no avail,” the officer said. One of the statues was about five inches in height and weighed 1 kg. more..

2 more footprints appear on Sri Paada rock

Jan 22 (DM) Maskeliya Police had requested the Commissioner General of Archaeology to conduct an archeological survey into a second set of footprints found on a rock located in a tea estate that lies in close proximity to the Sri Paada mountain range.This discovery comes in the wake of another set of footprints a a location nearby. A group of estate workers had come across the foot prints which were said to be embedded more..

IUSF to launch massive campaign against govt inaction over SAITM

Jan 22 (DM) IUSF would hold a massive campaign in Colombo against the Govt’s failure to implement the promise to abolish SAITM. Convener of the Federation Lahiru Weerasekara said that Govt has ignored the election promises given in the General Elections and the Presidential election had now resorted to a series of election promises in a bid to win LG elections. “Govt had taken steps to privatise medical services, education and to implement a plan to sell State Owned Enterprises (SOE) more..

Singaporean PM’s visit: Several roads in Colombo closed

Jan 22 (DM) Vehicle movement will be restricted in several roads between BIA and Colombo due to the 3-day official visit of the Singaporean Prime Minister. Police said the visiting Premier is scheduled to arrive at the BIA at around 4.10 pm today and is to travel across the Kelani Bridge, Baseline Road, Bandaranaike Junction, Orugodawatta Junction, Ingram Junction, Borella Junction, D.S. Senanayaka Junction and then on to Horton Place, Horton Roundabout, Ananda Kumaraswami more..

CEYPETCO bans sale of Lanka Kerosene

Jan 22 (EN) Steep price cuts of Kerosene (paraffin) by ex-Finance Minister Ravi Karunayake has encouraged adulteration of more expensive distillates and greater industrial use of the fuel, which state-run Ceylon Petroleum Corporation is now scrambling to counter. In the latest move, CPC has ordered fuel distributors to stop selling kerosene in bulk or to large containers. CPC is selling kerosene a 30 rupee loss per litre, statement said. more..

'SL can manage domestic debt peak in 2018'

Jan 22 (EN) Sri Lanka can manage a peak in domestic debt maturities in 2018 with a buffer build during the last few months, Central Bank Governor Indrajit Coomaraswamy said. "The peak in domestic debt is this year," he told participants of an economic forum on Monday. But have been able to build a buffer of about 110 billion rupees (US$ 728 million) in the last four five months of the 2017, where there were no maturities and we used that to go to the market and raise some money. more..

Sri Lanka condemns Kabul attack

Jan 22 (NR) The govt has condemned the recent attack by gunmen on a luxury hotel in Kabul, Afghanistan in which 18 persons were killed. Fourteen foreigners were confirmed dead, along with four Afghans in the attack. The interior ministry said some 160 people were rescued after Afghan troops fought throughout the night to regain control of the building. Three attackers were also killed in the siege while ten people, including four civilians, were injured. more..

Economy stablished, Govt to go on: PM

Jan 22 (DM) The Govt had given the green light for the Joint Venture formed by the Sri Lanka Ports Authority (SLPA) and China Merchants Group to start up several projects in Hambantota, PM Ranil Wickremesinghe said during an election rally. "The new company, formed by the SLPA and China Merchants Group, wants to set up an oil refinery, a dockyard, a steel factory. We have told the company to go-ahead,” more..

PPJ election campaigns have no leader’s picture: Amaraweera

Jan 22 (DN) "Sri Lanka Podu Jana Peramuna (PPJ) is the only political party contesting the forthcoming local govt elections without the picture of its leader on its election literature. The party is displaying the picture of Mahinda Rajapaksa instead, Minister and UPFA General Secretary Mahinda Amaraweera said. He was addressing an election rally held at the Angunukolapelessa Town Hall on January 20 in support of UPFA candidates contesting the Angunukolapelessa PS election. more..

Is Arjuna Mahendran trying to be Vijay Mallya of Sri Lanka?

Jan 22 (CT) Attorney General Jayantha Jayasuriya PC stating that SL has sufficient laws to deal with those who find shelter abroad to escape punishment for illegal activities committed in the island specifically pointed out that former CB Governor, Arjuna Mahendran who is presently domiciled in Singapore could be arrested over the alleged Bond scam issue. The AG said that there was intense speculation that Arjuna Mahendran could not be arrested as he was not a SL citizen more..

Bond scam: Dappula sidelined from instituting legal action

Jan 22 (DM) Senior Additional Solicitor General Dappula de Livera, who investigated the CB bond scam along with others, had been sidelined from initiating legal action based on recommendations by the Presidential Commission regarding the fraud, sources said. Despite him being the senior-most-official in the Criminal Division of AG’s Department, he had not been assigned to the task of proceeding with legal action as more..

Parliament to receive Bond Commission and PRECIFAC reports tomorrow

Jan 22 (AD) Reports of the Bond Commission and PRECIFAC will be presented to the parliament tomorrow said Deputy Speaker Thilanga Sumathipala. A special party leaders’ meeting was held today at the parliamentary complex regarding the decisions on further action on the recommendations of PCoI report. Meeting headed by Speaker Karu Jayasuriya commenced at 9.30 am today, it is reported. Reports of Bond Commission and PRECIFAC have been handed over to more..

Bonds yields up, stock open lower after Presidential bombshell

Jan 22 (EN) Sri Lanka bonds yield moved up while stocks opened lower after an apparent presidential threat to take-over economic management the prime minister's party which was played down by a member of his party, dealers said. Bond yields were quoted around 20 basis points higher in early Monday as markets participants sought more information on a statement by the President that he would take-over economic management from the PM's UNP. more..

How UNP is bankrupting Sri Lanka

Half-a-million labour demand in pvt sector

Jan 22 (FT) The nominal market in which workers find paying work, employers find willing workers, and wage rates are determined is defined as the labour market. Labour market outcomes result from a combination of the demand for labour by firms and the labour that workers supply. Firms are the focus of trying to understand labour demand, whilst workers are the focus of trying to understand labour supply. Holistic understanding of the current supply and demand for skills is required to more..

Entire Badulla under earth slip danger

Jan 22 (DM) Latest maps developed by the NBRO on a scale of 1:10,000 show more than 80% of the entire region of the Badulla District was under the risk of earth-slips, Badulla District Secretary Nimal Abesiri said. “It also reveals 6,000 families and 160,000 building constructions in the area facing the risk of earth slips,” Abesiri said. He said the volume of dynamites exploded in the district in a single year surpassed the volume of dynamites exploded during the 30 year-war. more..

Kataragama shooting incident :58 arrested persons released on bail

Jan 22 (AD) The 58 arrested persons arrested during the Kataragama incident were taken before Tissamaharama Magistrate who released them on bail. 58 persons including 13 women were arrested yesterday (21) as police fired tear gas to disperse violent protesters in Kataragama. Police officials from Kataragama gunned down a motorcyclist that refused an order to stop for inspection upon suspicious activity. more..

Pillayan’s TMVP contests LG polls in bid to regain lost ground

Jan 22 (SL) The TMVP led by Sivanesathurai Chandrakanthan, alias Pillayan, is contesting the LG elections in a bid to regain lost ground in the political arena. TMVP spokesman Azath Maulana said the TMVP will be contesting the LG polls in Trincomalee, Batticaloa and Amapara. TMVP says the main focus of the party will be Batticaloa, an area it once dominated politically when Mahinda Rajapaksa was President. more..

Video: Postal Voting starts today

Jan 22 (AD) Postal voting for the upcoming LG elections commenced today at 9 am in Election Offices, District Secretariats and Police stations. Public sector employees whose applications for postal voting have been accepted can cast their postal votes today from 9 am to 4 pm, according to the Election Commission. In addition, postal voting for employees at other govt institutions including educational offices, more..

Thailand to assist SL’s agriculture sector

Jan 22 (PSL) Thai Govt says that it is expecting to assist for the development of Sri Lanka’s agriculture sector through many new programmes. This was revealed to the President by Thai Ambassador to SL Ms Chulamanee Chartsuwan when she met with President Maithripala Sirisena at the President’s Official Residence, yesterday. The Thai Ambassador further said that this cooperation will be implemented more..

Construction of Kerawalapitiya LNG Power Plant: Political pressure blocks tender award

Jan 22 (CT) The Tender Procedure for the construction of a 300MW Liquid Natural Gas (LNG) Power Plant, to be built in Kerawalapitiya, has been completed, but the tender has not been awarded as yet by Standard Cabinet Appointed Procurement Committee (SCAPC), to the lowest bidder selected due to political influence. Construction of the 300MW LNG Power Plant has been delayed by about six months and more..

MR calls for rejecting both govt and yahapalana Opposition

Jan 22 (Island) The JVP and TNA are working hand in glove with govt and the voting public should understand that the counry has been left with an incompetent yahapalana govt and an equally incompetent yahapalana opposition, former President Mahinda Rajapaksa says in a statement. Calling upon the people to reject both the yahapalana govt and the yahapalana Opposition, Rajapaksa has said: There is a yahapalana more..

Mathews in doubt for Tests against Bangladesh

Jan 22 (CI) Angelo Mathews is not merely out of the ongoing ODI tri-nation series, but is also in serious doubt for the Tests against Bangladesh, and has returned to Colombo for treatment. It was hoped that the niggle in Mathews' right hamstring would heal quickly enough for him to take part in the back-end of the tri-nation series. However, as has often been the case with Mathews' injuries, recovery has been slow. more..

'Bond racketeers should be given deterrent punishment'

Jan 22 (Island) Minister Dr. Sarath Amunugama says those who had robbed public funds through bond scams should be given the maximum punishment regardless of their positions. Addressing a UPFA rally he said: "Those who have robbed people’s money should be severely punished irrespective of their positions. Some people who have robbed public property & public funds without any shame are now posing as patriots. more..

Govt cannot postpone the reform of Central Bank any more

Jan 22 (FT) Deputy Minister Harsha de Silva is reported to have announced the engagement of the IMF by the Govt to amend the present Monetary Law Act (MLA). MLA is the law governing the operations of the Central Bank. Areas of amendment, according to Harsha, have been the mandate and scope of the bank, its autonomy, governance and accountability. This is indeed a long felt need which the Govt is seeking to fulfil more..

Block law’s lacunae: Not letting bond thieves go scot-free

Jan 22 (CT) After the release of the final Report of the PCoI into the Bond Issuance, nobody expected any resignations of politicians or senior officials of financial institutions who were directly or indirectly involved in the massive fraud, because there is no such honest tradition on our part of the world. But the people were shocked by some actions and statements made by some of the people named in the Report. more..

Counting in LGBT

Jan 22 (DM) Recently there has been a spate of speculation as to exactly how many persons in SL identify as Lesbian, Gay, Bisexual & Transgender (LGBT). A news article published a few weeks ago, ran a headline stating that Gay population in Sri Lanka now tops 7,500, maintaining there were only 7,500 Gay persons in this country! Based on the total population of SL – that would mean that only 0.035% of the population in the country identified as LGBT. That number defies common sense. more..

Priests, doctors and the State: The agony of the masses

Jan 22 (DM) Media headlines in recent months in Sri Lanka have concentrated heavily on the political role of Buddhist monks, agitations of govt medical officers against the establishment of a private medical college and the increasing failure of the State to address many pressing social issues. These three matters are by no means unconnected. In fact, all three are the products of a process of social and political change that unfolded over the last several decades. more..

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