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රන්ජන්ගේ අඩුව පුරවන්න බැහැ!

Banks, Fitch Ratings, NPLs and impairments: Part 2

Jan 15 (FT) According to the above State Bank practices, there are two possibilities of misrepresentation. The first is one bank applies different criteria for the application of regulatory standards for the continuation of public sector loans classified in the performing category and the other treats the same type of lending categorised as sub-standard or doubtful. Then the combined effect gives a completely wry version. The second is in relation to the broad comparison between pvt sector more..

What do the virus and an unguarded digital economy have in common?

Jan 15 (FT) Govt, before Christmas, gave a powerful signal as to the direction it would be taking regarding foreign digital platforms operating in Sri Lanka. There is a plan to register foreign digital operators as these digital multinational conglomerates are overwhelming and alienating our local businesses by data colonisation, it said in a statement on 21 Dec. Media Minister in a subsequent interview noted that the monopoly enjoyed by these multinational giants hurts Sri Lankan businesses, more..

Port City – Colombo attracts world’s top investor Nathaniel Rothschild

Jan 15 (FT) World-renowned financier and a member of the Rothschild family, Nathaniel Rothschild who is in Sri Lanka for a brief business tour, paid a visit to the Port City – Colombo yesterday. He was accompanied by prominent SL-born British Politician and former EU Parliamentarian Niranjan Deva Aditya and corporate sector veteran Rajan Brito. Rothschild’s delegation was welcomed by Port City – Colombo more..

NCPA hunts suspect over sexual abuse of a girl child

Jan 15 (DM) National Child Protection Authority (NCPA) has launched an investigation to locate a suspect who had allegedly abducted and sexually abused a 13-year-old girl. NCPA Chairman Prof Muditha Vidhanapathirana said the suspect, resident of Matiyagane, in Narammala had kidnapped the girl and then sexually abused her. “First, the child was kidnapped on 14th of Dec 2020 and informed to the local police. However, then complained to 1929 hotline. Child was returned home on Dec 25. more..

Dr. Padeniya and family in quarantine

Jan 15 (CT) President of the GMOA, Dr. Anuruddha Padeniya and his family are currently in self-quarantine, as a Medical Officer who visited Dr. Padeniya’s house a few days ago, has tested COVID-19 positive. GMOA Secretary, Dr. Senal Fernando said the Medical Officer who tested positive for COVID-19 had visited Dr. Padeniya at his home, after completing his post intern appointment at Base Hospital, Avissawella on 7 Jan, and had dinner at his residence. more..

SAITM building & land advertised for sale

Jan 15 (DM) The management of the South Asian Institute of Technology and Medicine (SAITM) in Malabe has posted an advertisement on a website under the Commercial Property section to sell its building and the land for a value of Rs. 3.5 billion. Under the description, it says ‘3 Acre;1 Root; 38 Perches land in Malabe ideal for uni or int'l school. Two complete, five- story building with one incomplete building with elevator facilities to more..

UNP veteran criticises reappointment of Ranil as party leader

Jan 15 (Island) UNP stalwart Gamini Jayawickrama Perera criticised the decision to reappoint Ranil Wickremesinghe as party leader. His appointment would only strengthen the govt, Perera said. “There is no need to talk too much about him. We cans see what Ranil has done to the party. The govt will benefit from this appointment.” Perera said that it would be extremely difficult for the UNP to make a comeback and those surrounding Wickremesinghe did not have best interest of party at heart. more..

Asian Buddhist Conference for Peace convenes with President’s participation

Jan 15 (DN) The 13th Executive Council Meeting of the Asian Buddhist Conference for Peace was held with the participation of Prez Rajapaksa at Sri Sambodhi Viharaya in Colombo 7 yesterday. After World War II, Buddhist leaders focused on the need for an international Buddhist organisation aimed at promoting unity. Consequently, Buddhist laity and clergy gathered at Maha Viharaya in Ulaanbaatar in Mongolia on June 13, 1970 to hold the first meeting of the Asian Buddhist Conference for Peace. more..

More tourist flights from Ukraine despite lockdown

Jan 15 (Island) The Tourism Ministry said that a pilot project to bring in over 2,000 Ukrainian tourists was on track in spite of the partial lockdown of Ukraine, ministry sources said. The govt in consultation with relevant authorities here and in Ukraine would continue with the high profile project, sources said, adding that in spite of some delays the flights were coming in. When The Island pointed out that int'l media reported a two-week long more..

Opposition playing politics with tourism industry: Prasanna

Jan 15 (DN) Opposition accused the Govt that by inviting the tourists from Ukraine, the spread of COVID-19 would be exacerbated and that there would be a new cluster. However we have proved the critics wrong by ensuring that despite the influx of tourists from Ukraine, there has been no such spread of the virus, Minister Prasanna Ranatunga said. “The Opposition is playing politics with the tourism industry,” he said. Minister emphasized that only 1,200 Ukrainian tourists have so far more..

Anika, Savini, Janali advance to women’s singles semis

Jan 15 (Island) Sri Lanka number one Anika Seneviratne, Savini Jayasuriya and the finalist of the last edition Janali Manamperi advanced to the semi-finals of the women’s singles with victories in the quarter finals of the Tennis Nationals 2020 at Sri Lanka Tennis Association courts on Thursday. Seneviratne cruised to the last four stage when she beat Tuvini de Alwis 6-1, 6-1. Jayasuriya beat Oneli Perera 6-4, 6-1 and Manamperi scored 6-0, 6-0 to knockout Nishka Vivekanandan. more..

Prez commissions South Asia’s largest tyre manufacturing plant

Jan 15 (CT) The Ferentino Tyre factory which was commissioned yesterday will inspire and incentivise other discerning investors to explore the many business opportunities that this country holds, Ferentino Tyre Corporation (Pvt) Ltd Chairman Nandana Lokuwithana said at the opening. SL’s largest manufacturing facility for tyres and radials, Ferentino Tyre Corp (Pvt) Ltd, was declared open yesterday by Prez Rajapaksa. more..

NCPA hunts suspect over sexual abuse of a girl child

Jan 15 (DM) National Child Protection Authority (NCPA) has launched an investigation to locate a suspect who had allegedly abducted and sexually abused a 13-year-old girl. NCPA Chairman Prof Muditha Vidhanapathirana said the suspect, resident of Matiyagane, in Narammala had kidnapped the girl and then sexually abused her. “First, the child was kidnapped on 14th of Dec 2020 and informed to the local police. However, then complained to 1929 hotline. Child was returned home on Dec 25. more..

Twinery, Innovations by MAS recognised as one of region’s most influential innovators

Jan 15 (Island) MAS Holdings Chairman, Mahesh Amalean said recently that it was a proud moment for his company when their Twinery product won the Clarivate award for excellence. He said so addressing the media on a virtual meeting platform. “Technology and innovation that developed the product which was the ultimate result of team work and distinct attention to detail. MAS holdings Twinery was one of 28 products that achieved this distinction and the first to be awarded worldwide acclaim more..

Sri Lanka erroneously shamed as top-5 polythene polluters by WB

Jan 15 (ST) SL is still haunted by an old erroneous and unsubstantiated World Bank (WB) statistic that caused it to be labelled the fifth worst plastic polluter of the seas. Six years ago, Science Magazine–one of the world’s two top peer-reviewed journals –published an article by eight academics about plastic waste pollution of the ocean. Based on data from a 2012 WB report, the team inferred that SL was the fifth largest more..

Navy brought ashore a distressed fishing trawler

Jan 15 (SLN) SL Navy, in cooperation with Indian High Commission in Colombo, brought ashore a fishing trawler drifted to the Indian waters along with 02 fishermen aboard, on 13th Jan. The trawler which left for fishing from Gurunagar, Jaffna had carried away towards Indian seas, having gone into an engine failure. Responding to request for assistance by the Jaffna District Secretariat, through Disaster Management Centre and Office of Chief of Defence Staff, to locate a one day fishing trawler more..

TISL opens SMS vote for Integrity Icon 2020

Jan 15 (FT) Transparency International SL (TISL) this week unveiled the SMS voting platform for the public to select the People’s Choice Award winner from amongst the five Integrity Icons for 2020, the campaign to name and fame honest public officials. The biographical videos of the Icons, detailing their work can be viewed on Integrity Icon seeks to recognise those who go above and beyond the call of duty to serve the public with integrity. Over 100 nominations were received for more..

Triple cluster rises to 47,127

Jan 15 (FT) The Divulapitiya, Peliyagoda, and Prisons triple cluster yesterday rose to 47,127 patients, with 670 persons testing positive for COVID-19. 663 associates of the Peliyagoda COVID-19 cluster and seven persons linked to the Prisons cluster were among the patients detected yesterday. A total of 50,899 COVID-19 patients have been detected in the island to date. In addition to the triple cluster, more..

It is a biz and leisure trip for Nat Rothschild

Jan 15 (FT) British-born financier Nat Rothschild is in Sri Lanka on a business cum leisure trip lasting a week. Having arrived via his cruise ship from the Maldives, Daily FT learns the first two days of his stay in Colombo were spent on meeting with business leaders, visit to the Port City and select politicians including a courtesy call on Prez Rajapaksa and former PM Ranil Wickremesinghe. Nat is in Sri Lanka on an invitation of former Member of European Parliament Niranjan Deva Aditya more..

Home or away; Sri Lanka remain useless

Jan 15 (Island) The SL cricket team is playing a brand of cricket that is alien to us and their reasoning is inexplicable. When you do not respect the basic principles of the great game, you are taught bitter lessons. Sri Lanka got a fair share of it yesterday here in Galle. The extended run that Lahiru Thirimanne has got defies logic and the only explanation for him constantly featuring in the team is too obvious. After 37 Tests he averages 22 and at the age of 31, neither are we investing for more..

Covid-19 Situation Report

CA Sri Lanka’s 41st National Conference goes virtual 18-20 Jan

Jan 15 (FT) An exciting line up of thought leaders, high-profile speakers and panellists will set the tone for the 41st National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), as they help defy the new normal and inspire Chartered Accountants, including Business Leaders and C-Suite Executives, to overcome the challenges following COVID-19. The three-day conference will be held from 18 to 20 January. more..

Creative Isle’s CAN market success stories

Jan 15 (FT) With the economy of the world crippled, as a consequence of the global pandemic, Sri Lanka’s local entrepreneurs were amongst those severely impacted by the first wave of COVID-19. Post the first wave, Prez Gotabhaya Rajapaksa made a call to action to all local businesses, to move towards rebooting the economy. The CAN weekend market was a brand-new initiative launched in August in response to this call. Creative Isle founder and visionary Keshini Ann Suraweera, more..

Controller issues fresh directive on imports

Jan 15 (FT) The Import and Export Control Department has issued fresh operating instructions to all commercial banks on advance payment in foreign currency, and the clearing of imported goods to the country. The new instructions issued on Wednesday are valid till 13 Feb. As such. Commercial Banks can effect advance payment where the amount exceeds $ 50,000 or its equivalent, if it is in compliance with more..

Quo Vadis UNP?

Jan 15 (CT) UNP Leader Ranil Wickremesinghe of Sedawatte has seemingly confirmed that the once powerful UNP will be an also ran party during his leadership and even beyond at future elections as well, by continuing to be its leader. This is subsequent to the outcome of Wednesday’s meeting of the UNP’s policymaking body, namely its Working Committee, held at Siri Kotha, where, though he had previously promised to relinquish his position as being the Party leader this year, more..

In Sri Lanka’s own interests

Jan 15 (Island) India’s External Affairs Minister Dr. S. Jaishankar, during his recently concluded visit to Sri Lanka, is reported to have stated, at a Joint Press Conference, that it was in SL’s own interest that expectations of the Tamil people for equality, justice, peace and dignity within a united SL should be fulfilled and Delhi insists on the importance of the 13th Amendment in fulfilling those expectations (The Island, Jan 7, 2021). Assuming the accuracy of the reported statement, more..

SL batting the worst I've seen: Grant Flower

Jan 15 (CI) The worst he's seen. That was batting coach Grant Flower's summation of Sri Lanka's first innings at Galle, where they were all out for 135, against an England attack that were far from unplayable. Among Sri Lanka's worst shots were those of Kusal Perera, who fell reverse sweeping Dom Bess' second ball of the series, as well as Niroshan Dickwella, who slapped a wide long hop from Bess straight to point. more..

Editorial: Capitol blitzkrieg

Jan 15 (Island) What we witnessed in the US House of Representatives, on Wednesday, was a snap impeachment. It may even be called a legislative blitzkrieg. Its outcome came as no surprise because the Democrats control the House. Ten GOP members joined forces with them to secure the passage of the article of impeachment against President Donald Trump. The person who is supposed to be the most powerful man on earth is in an unenviable position. more..

Alternative models to improve lives of estate workers

Jan 15 (GV) The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live in cramped and unhygienic conditions, lacking basic facilities such as health care and education. For five years, they have been demanding an income of just Rs 1,000 a day for their arduous labour. On the other hand, plantation companies are beset with a myriad of difficulties such as rising production costs, more..

Aluth Parlimenthuwa

No, Ranjan Ramanayake is not a hero

Jan 15 (GV) Sri Lankans are, in general, an emotional lot. They like conspiracy theories and where there aren’t any they like to cook some up. The Ranjan Ramanayake verdict is a case in point. On the face of it the ruling seems, if not reasonable, then at least straightforward. Here is the case of a man who point blank called a majority of judges and lawyers corrupt, admitted in court that he did so and publicly stated that he would never take back what he said. Construed as contempt of court, more..

Covid-19 diplomacy now underway

Jan 15 (DM) President Gotabaya Rajapaksa, in his last Sunday’s encounter with people in Uhana, Ampara, said he wrote to both Indian Prime Minister Narendra Modi and Chinese President Xi Jinping asking for cooperation in accessing Covid-19 vaccines being developed or manufactured in their respective countries. Both India and China have strategic interests in Sri Lanka. The hiatus afforded by the pandemic is opening up a new platform for the display of Covid-19 diplomacy. more..

Illegal clearing of Attidiya Sanctuary with powerful political patronage

Jan 15 (DM) Environmental destruction under political patronage is not new in SL. Although the bio-diverse wetland in Bellanwila-Attidiya is beyond measure, and officially protected since 1990 as a bird sanctuary, it appears that its protected status is no longer sufficient. Violating conditions and guidelines imposed by the Wild Life Conservation Dept (WLCD), a private party backed by a powerful political hand has cleared and more..

The geopolitical enabling of The Gotabaya garrison state

Jan 15 (CT) The project of Prez Rajapaksa seems to be the conversion of SL from an uninterrupted, long-standing democracy and open society, into a second Pakistan, with a permanent overarching military establishment either producing political leaders as in the past or constraining civilian political leaders within parameters set by the military establishment. This is also the Myanmar model. In both cases religion also plays a role as state ideology. The adoption of a Pakistan-Myanmar garrison more..

Jaffna monument: Rebuilding what they demolished

Jan 15 (DM) The previous fortnight saw three incidents involving commemoration of those killed in the struggle for their rights. First, a tense situation erupted last Friday when the authorities demolished a monument built within the Jaffna uni premises in memory of those, who were killed in the war. In a second incident representatives of plantation workers held a commemoration event for those who died in struggles in plantation areas. The event was held in Pathana, Thalawakelle on Jan 10. more..