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CB fires salvo against Virtual Currencies

Apr 17 (EN) Central bank has warned the public on the use of virtual or cryptocurrencies, private currencies which are competing with the state, some of which have so far been stronger than depreciating and hyperinflating fiat money issued by centralized authorities. CB said they are risky and their use could fall foul of anti-money laundering laws. "Virtual currencies such as cryptocurrencies use decentralised peer-to-peer digital more..

Housemaid who returns from Kuwait after 40 years left stranded at airport

Apr 17 (AD) A 72-year-old woman who returned to Sri Lanka after being employed in Kuwait for the past 40 years was reportedly left stranded at the BIA in Katunayake. The woman, with no money or property belonging to her, did not have any relatives or guardians to receive her at the airport yesterday (15). She was then directed to the Sahana Piyasa welfare centre of the SL Foreign Employment Bureau at Katunayaka. Pinnaduwage Gunawathie, a resident of Ambalangoda area, more..

President took part Oil Anointing Ceremony in London

Apr 17 (PSL) President Maithripala Sirisena who is in London to attend the CHOGM 2018 took part in the Oil Anointing Ceremony held at the London Buddhist Vihara, today (16). Ven Bogoda Seelawimala Nayaka Thera, the incumbent Head Priest of the London Buddhist Vihara and the current Chief Sangha Nayaka of Great Britain anointed oil on the head of the President and others. Later, President engaged in religious observances at the temple. more..

University non-academic staff to resume work today

Apr 17 (DM) University non-academics will resume duties today after a work stoppage of 44 days crippling the entire university system. UGC issued the circular granting the union demand of 10% salary increment last Tuesday, after that, they called off their strike. Following a discussion held with Minister Kabir Hashim early this month, University non-academic staff was ready to report to duty from Apr 4, however, was postponed as more..

Sri Lanka joins C'wealth Clean Oceans Alliance to end plastic pollution

Apr 17 (DM) Countries from across the Commonwealth have yesterday pledged to eliminate avoidable single use plastic in an ambitious bid to clean up the worldís oceans. PM Theresa May announced that New Zealand, Sri Lanka and Ghana have joined the UK and Vanuatu-led Commonwealth Clean Oceans Alliance Ė an agreement between member states to join forces in the fight against plastic pollution. Britain, together with CCOA joint chair Vanuatu, will call on other countries to more..

Arrest of heroin peddler leads cops to revolver

Apr 17 (Island) Acting on a tip-off, the Galle branch of the Police Narcotics Bureau (PNB), arrested a person close to Bandarawatte railway crossing in the Hikkaduwa police area on Sunday afternoon. The 27-year-old suspect had three grammes and 450 mg of heroin in his possession and under interrogation he had led the investigators to his wifeís home at Weragoda in the Meetiyagoda police area, where a revolver, three rounds of 9mm ammunition and a hand grenade were recovered. more..

President arrives in London to participate in CHOGM

Apr 17 (PSL) President Maithripala Sirisena reached London this morning (16) to attend the CHOGM 2018. He was received by the Commonwealth officials and Sri lanka High Commission staff. A Sri Lankan child offered beetle leaves to receive the President in accordance with the traditional custom. A girl offered a bouquet to Madam Jayanthi Sirisena. President will take part in the CHOGM, of which the theme this year more..

TULF claims the Vavuniya Urban Council

Apr 17 (NR) The Tamil United Liberation Front today acquired power in the Vavuniya Urban Council. The TNA despite holding a majority at the Vavuniya UC lost the Council to the TULF. The TULF claimed power during the vote held to elect the Mayor of the Vavuniya UC. Eight members of the TNA were elected to the Vavuniya UC at the recently concluded Local Authorities Election while three members of the Tamil United liberation Front were elected to the Council. more..

State Vesak Festival to be held in Kurunegala

Apr 17 (GDI) Arrangements have been made to conduct the State Vesak Festival of 2562nd year of Sri Buddhist Era at the historical Bingiriya Devagiri Rajamaha Viharaya in the Kurunegala District this year. The national Vesak festival will be held on Vesak Full Moon Poya Day, which falls on April 29th this year, under the auspices of President Maithripala Sirisena under the theme of Demunu Sitha Suwa Gena De. Cabinet of Ministers noted that the Minister of Buddhasasana more..

Disclosure on beneficial ownership to ensure greater transparency

Apr 17 (FT) Registrar of Companies (RoC) maintains that the new amendment to the Companies Act No. 7 of 2007 has included a new provision on Disclosure on beneficial ownership as an anti-money laundering tool to ensure greater transparency and not for the CID to extract the financial information of company directors. It was pointed out that according to the existing Companies Act all information on registered companies more..

Pakistani National Defense University delegation undertakes study tour in SL

Apr 16 (Xinhua) A 21-member delegation from the Pakistani National Defense University (NDU) is on a study tour in Sri Lanka till April 19, a statement from the Pakistani High Commission in SL said. The statement said the delegation comprised senior officers from the Pakistani Armed Forces, Civil Services, and officers from other countries, who are undergoing the National Security and War Course at the NDU. The delegation visited the Pakistani HC for an interactive session on Monday. more..

Test cricket the sacrificial lamb for a few dollars more

Apr 17 (DN) A cursory glance at the itinerary released by Sri Lanka Cricket for South Africaís cricket tour here in July-August gives one the impression that the SLC is rather keen to make a few extra bucks at the expense of a Test match. Test cricket for them is the sacrificial lamb. So instead of a three-Test series with the current second ranked Test team in the world that would have given our cricketers the much needed exposure at top level we are confining more..

Big demand from global investors for SLís mega $ 2.5 b Sovereign Bond

Apr 17 (FT) SLís largest ever Sovereign Bond issue with a combined value of $ 2.5 billion successfully concluded late last week, drawing widespread demand from global investors and enabling the Central Bank to close the issuance at attractive pricing with the help of Joint Lead Managers and Bookrunners. On 11 April 2018, the CB, on behalf of the Govt, marked its return to US dollar bond markets with a successful more..

Bruce McArthur faces 8th murder charge; alleged victim from Sri Lanka

Apr 17 (CN) The complex investigation into alleged serial killer Bruce McArthur took another twist on Monday as Toronto police laid an eighth murder charge related to the death of a man who bucked the primary trend in the case. Unlike McArthurís other seven alleged victims, Toronto police said 37-year-old Kirushna Kumar Kanagaratnam is not believed to have had ties to the cityís LGBTQ community or a downtown neighbourhood known as the gay village. more..

Environmentalists claim Katuwana forest reserve at risk

Apr 17 (CT) Conservationists allege that the Govt is planning to launch a housing project in a highly environmentally-sensitive forest reserve area in the Nuwara Eliya District, located 5,000 feet above sea level. Executive Director of the Centre for Environmental and Nature Studies Ravindra Kariyawasam claimed that the Govt is going to destroy 2.3656 hectares of the Katuwana forest reserve, located near the Seetha Eliya forest reserve. ďThe area is rich with biodiversity more..

Most medals by Sri Lanka in CWG history

Apr 17 (CT) It was the most successful Commonwealth Games for Sri Lanka as the island nation finished with six medals, most medals tally in history at the last Commonwealth Games, that was held at Gold Coast, Australia. Weight lifting and Boxing were only teams that produced medals but there were some impressive performances from other athletes too which should be appreciated given the fact that more..

Junior paddlers for S-Asian Junior TT Cíship

Apr 17 (CT) Sri Lanka Junior, Cadet and Hopes teams will be leaving to Male, the Maldives to take part in the South Asian Junior, Cadet and Hopes table tennis championship 2018, on 19th April 2018. The championship will be held from 20 April to 22 April with the participation of six South Asian countries; the giant India, Pakistan, Bangladesh, Nepal, the Maldives and Sri Lanka. The championship will also be used to select the South Asian nations for the Asian championship more..

3 Days Around Colombo, Sri Lanka

Apr 17 (CNT) Sri Lanka serves as the perfect segue between Southeast and South Asia: a laid-back island where Buddhism is the dominant religion and dhal curry is the dominant dish. A 3.5-hour flight from Singaporeís Changi will deposit you at Colomboís Bandaranaike International Airport; from there, it's on to the capital city and Galle Fortójust come ready for a walking tour or two. Itís an hour-long drive from the airport to the Galle Face Hotel, a colonial-era grande dame more..

Sri Lanka set for coaching structure overhaul

Apr 17 (CB) Sri Lanka Cricket's coaching department is set for a major overhaul with former Test cricketer Asanka Gurusinha set to take up as High Performance Manager. Gurusinha, 51, was appointed as Cricket Manager in March 2017 and was later handed more powers after being named a selector. He is expected to take over the position vacated by Englishman Simon Willis. more..

Hiruni Wijeratne finishes 11th in marathon

Apr 17 (DN) On the final day of the XXI Commonwealth Games Sri Lanka s Hiruni Wijeratne could not live up to expectations and had to finish her pet event the Marathon as the eleventh with a time of 2:49.38 secs. The winner Helalia Jones from Namibia clocked 2:32.40 seconds which gave her the Gold medal while Two Australians Liza Vetman 2:33.23 secs. and Jesica Trengove 2:34.09 secs. were the silver and bronze medal winners respectively. more..

General political disquiet amidst celebrations

Apr 17 (CT) As the Sun moved from the House of Pisces to Aries four days ago, and a New Year dawned, Sri Lankans celebrated as usual with Milk Rice, lots of traditional sweets and family time. But the talk around the tables of the nation was about politics and there was a general disquiet among the celebrants with a good reason. Shenanigans of our political leaders had reached an absurd peak the week before when the Number One in Govt, Prez Sirisena had openly backed a move to more..

Pot on for the season

Apr 17 (ST) Itís that time of the year when we look back nostalgically at the traditions of the past mingled with bright hope for the future. Families get together to celebrate the dawn of a new year and take part in performing traditional customs and rituals. Of these, boiling a pot of milk can easily be identified as one of the most important rituals in the Sinhala and Tamil new year calendar. Given the scale of celebrations, there are trades that more..

NCM not totally defeated; it is still yielding

Apr 17 (DM) It goes without saying that the JO somewhat spoiled the LG election victory of its official political party, the SLPP with its no-confidence motion against PM Ranil Wickremesinghe. However, the subsequent events unfolding within the ruling coalition point that the motion was not totally defeated. The morale boost that was gained by the SLPP after it came first in 232 out of 340 local councils at the Feb 10 elections was such that their demand for more..

SLTís milestone Rs. 7 b debenture issue snapped up

Apr 17 (FT) Sri Lanka Telecomís milestone listed debenture issue worth Rs. 7 billion was oversubscribed on its official opening day last week. It was the largest issuance of 10-year debentures by a corporate, and was the only AAA-rated senior unsecured debenture issue. The only previous unsecured AAA-rated corporate debenture was also by SLT. The latest issue offered a 12.75% per annum coupon for 10 years, and was priced lower than many bank/finance company debentures more..

Why has the President prorogued parliament?

No more tiresome hospital visits

Apr 17 (CT) Podimanikeís life was fulfilled. Her children were both grown up, and settled down near her house. Both she and her husband were now retired and free. She often found herself thinking of these changes in her life, and couldnít help but feel a lingering sense of loneliness. Compared to the vital role she used to play when both her children were younger, she almost had nothing to do now. At 69 years, Podimanike had the usual array of illnesses not uncommon for her age. more..

When nature calls

Apr 17 (CT) This column concentrates today on a vital issue - the subject of despicable conditions of the existing public toilets in Sri Lanka, with two sentient examples to expose the gravity of this problem. An office worker once stood on the Enderamulla Station platform for the train to arrive. Suddenly he felt a terrible unease in his stomach, and with the increasing rumbling warnings he had to use a toilet for a call of nature! He went in search of the Station toilet, but his eyes beheld more..

Dutch-SL surnames and their meanings

Apr 17 (Roar) Dutch-Ceylon relations began when Dutch Admiral Joris van Spilbergen arrived in Ceylon with three ships in 1602. He struck up a friendship with King Vimaladharmasuriya I and discussed future relations, including possible assistance to expel the Portuguese who had ruled over the Kingdom of Kotte and the maritime regions since 1580. A second fleet commanded by Sebald de Weert arrived in more..

Tax sporal explained

Apr 17 (DN) The new Inland Revenue Act replaces the existing income tax law and comes into effect from April 1, 2018. Itís stated aim is to simplify and modernise the existing code and it does take some steps towards this. Sources of income have been consolidated and some exemptions removed but it also introduces new complexities with regard to deduction of certain business expenses including interest and repairs. It aims to reduce tax holidays, which is positive; tax holidays go against more..

Sustainable development in the absence of sustainable communities

Apr 17 (CT) The foundational pillars of sustainable development are considered to be the Economy, Environment and the Social community. It is relevant to note here that a community is defined as a social structure that shares personal values, cultural values, business goals, attitudes or a world view. The stability and continuity of this tripodal structure of sustainable development is dependent upon the strength and support of each other. In the Sri Lankan context, more..

'Reprieve only if SLFP Ministers vow not to work with Pohottuwa again'

Apr 17 (SO) Home Affairs Minister Wajira Abeywardana says, the UNP which naturally keeps pace with the changing situations have already appointed a 12 member politburo to study the existing party structure and recommend the necessary reforms to fulfil the aspirations of the rank and file. Minister said, the secret of the partyís survival to date is basically attributable to its resilience to take up challenges. more..

Vacancy notice for a new (girl) friend

Apr 17 (CT) In the philosophical novel The Picture of Dorian Gray by Irish poet, writer, dramatist and journalist Oscar Wilde, Dorian Gray, a wealthy gentleman with unparalleled physical beauty is painted by an artist called Basil Hallward. This portrait is kept in an attic, hidden, and in exchange to the physical ageing of Dorian Gray, the picture ages and manifests in itself the sins of Dorian Gray. Dorian Gray lives an ever youthful hedonistic life of depravity and sin and more..

A future for GMOs in Sri Lanka

Apr 17 (DN) Genetically modified organisms are a big story in India. More than 90 percent of Indiaís cotton crop, which is one of the largest in the world, is genetically modified for pest resistance. But, nearby Sri Lanka doesnít have a significant presence of GM crops or GM food at all. In fact, according to available govt data, there arenít any GM crops or products being produced or sold in the island. That does not mean there couldnít be in the future, though. more..

Video: Amunugama tips of a new plan for a common programme with UNP

Apr 16 (AD) Minister Dr. Sarath Amunugama said that SLFP is preparing an initial document for a common programme together with the UNP. President Maithripala Sirisena on April 14, appointed a committee comprising five SLFP Ministers to look into the future actions of the National Unity Govt The committee was headed by Minister Sarath Amunugama and SLFP General Secretary Minister Duminda Dissanayake more..

Special programme to promote potato cultivation

Apr 16 (NR) PM Ranil Wickremesinghe says a special programme will be initiated to improve industries related to potato cultivation. Speaking at an event in Nuwara-Eliya the PM said he expects int'l recognition for potato based products manufactured in Sri Lanka. He stressed the potato crop in SL has been used to produce exports which have high demand among the international community. PM also said the govt expects to increase its income through tourism industry more..

Iranian Speaker to visit Sri Lanka, Vietnam to discuss Syrian situation

Apr 16 (MNA) Iranís Parl. Speaker Ali Larijani heading a delegation has left Tehran for Vietnamese capital Hanoi to discuss bilateral and international issues, particularly the Syrian situation after the recent US-led strikes. Heading a parliamentary delegation, Ali Larijani will also make a visit to Sri Lanka following his stop in Vientnam. Larijani said the aim of his visits is to expand bilateral relations in various fields, and to promote parliamentary cooperation with the two countries. more..

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