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උණවටුණ ජාතකය

Exceeding 3% GDP growth a certainty: Coomaraswamy

Jul 16 (DN) Former CB Governor Dr. Indrajit Coomaraswamy critiqued the Debt Sustainability Analysis as using too low a growth rate for the economy. He noted that such a low growth rate compounded by the reopening of credit lines to the govt should help the economy grow at a much faster rate. “If we maintain macro-stability and do the structural reforms while combining what is going on in India we can go beyond 3%.” Dr. Coomaraswamy was speaking at a virtual investor event more..

Pathirana’s master class puts Colombo Strikers in Playoffs

Jul 16 (FT) Colombo Strikers became the third team to qualify for the LPL 2024 Playoffs when they came up with a clinical performance to beat Galle Marvels by seven wickets in the second double header played at the R. Premadasa Stadium yesterday. With this win Colombo, who are currently third with 8 points have put themselves in a perfect position to pip second placed Jaffna Kings for the top two position in the table. Despite yesterday’s loss Galle remained on top, more..

Excise Dept comes under fire for failure to collect Rs. 1.1 b in taxes from liquor...

Jul 16 (FT) The Committee on Ways and Means has expressed strong displeasure over the Excise Dept’s failure to act on recommendations to collect a total tax amount of Rs. 1.1 billion from liquor manufacturers for the year 2023. Despite instructions given on 24 April to collect the arrears by 30 June, the Dept has yet to take appropriate action. During the committee meeting held last week at the Parliament premises more..

IGP swears to eradicate seedy underworld

Jul 16 (FT) IGP Deshabandu Thennekoon has sworn to eradicate the country’s underworld. “This is their last act. We will not tolerate this any longer. We are continuing to curb underworld activities according to a proper plan,” he declared. IGP made these remarks in response to media questions during the inauguration of a two-day workshop for police inspectors, funded by Australian Federal Police, yesterday. According to the IGP, over 800 individuals involved in organised crimes more..

I really enjoy playing in LPL: Alex Hales

Jul 16 (DN) Playing in LPL gives me new experience and I am really enjoying so far in this tournament said Galle Marvels opener Alex Hales. We won three matches by close margins and for the first time I had to face a super over in my career said former England top order batter Hales who is the icon player of Galle Marvels. It’s something different for me. I don’t think I’ve ever batted in a super-over before. Obviously, games don’t often go there and you often give the super over to the sort of more..

Prez challenges Premadasa to reveal funding behind SJB school bus donations

Jul 16 (FT) Prez Ranil Wickremesinghe has challenged SJB leader Sajith Premadasa to disclose the source of funding for the party’s ongoing school bus donation program. Prez Ranil Wickremesinghe set a condition for joining the SJB led by Sajith Premadasa. Prez said he is ready to collaborate with the SJB to combat corruption, but only if Premadasa discloses the source of funding for the school bus donation program. more..

Ex-PUCSL Chief claims tariff could be reduced more; criticises politics at play

Jul 16 (FT) Public Utilities Commission of SL (PUCSL) former Chairman Janaka Ratnayake yesterday highlighted his efforts to reduce electricity tariffs, criticising the timing of recent tariff cuts. “Not lowering the electricity tariff at that time was a political decision and lowering it now ahead of an election is also a political decision. However, the tariffs were not reduced then to take advantage of the election time by reducing the tariffs,” he said. Holding Prez Wickremesinghe accountable more..

Sri Lanka’s onlineaccounting.lk earns ACCA UK’s Gold Accreditation

Jul 16 (FT) In a significant milestone for SL’s education sector, onlineaccounting.lk has earned the prestigious Gold Accreditation from ACCA UK, becoming the first SL institute to achieve this honour as a fully online learning partner. Association of Chartered Certified Accountants (ACCA), the largest professional accounting body globally, is recognised in over 180 countries, and this accreditation is a testament to onlineaccounting.lk’s commitment to excellence in professional education. more..

Anura Kumara Dissanayake

Editorial: Heroes and villains

Jul 16 (Island) SL’s battle against corruption reminds us of the animated fantasy comedy, Shrek—of all things—wherein the eponymous ogre’s best friend, Donkey, marries a dragoness and fathers a litter of dragon-donkeys. We have seen numerous knights in shining armour embark on crusades to slay the dragoness of corruption during the past so many years, but they have opted for a polyandrous union with it and produced fire-breathing orators that dupe the public while living high on the hog. more..

Kandy Falcons down Dambulla Sixers by 54

Jul 16 (DN) Kusal Janith Perera fought a long battle scoring 40 balls 74 with 5 fours and 5 sixes but this knock was no avail as Kandy Falcons recorded 54 runs win over Dambulla Sixes in their LPL match played at R.Premadasa Cricket Stadium yesterday. Infact this match was vital for both teams to qualify for play offs and Kandy with this big win has more chances but they have to wait for today’s decision of the game between Dambulla and Colombo. It was a fine display by Kandy Falcons more..

Mendis out as Asalanka takes over white ball cricket

Jul 16 (Island) National selection panel has met ODI captain Kusal Mendis to inform him that he will be replaced as skipper with the reins of white ball captaincy handed to Charith Asalanka. The left-handed batter was the front-runner to take over the T-20 captaincy vacated by Wanindu Hasaranga and yesterday it was confirmed that Asalanka in fact will lead both white ball teams taking over from Mendis in ODI cricket. more..

Addressing issue of poaching in Sri Lanka’s territorial waters

Jul 16 (Island) A point of view has been presented by the Pathfinder Foundation in an article titled, Poachers take an aggressive stand: A wake-up call for action (The Island, July 8). The reason for action is apparently to prevent the fisheries dispute from being used by political opponents to derail the growing bilateral relations between India and SL. If the motive for action is only to prop up bilateral relations, the question that needs to be asked is this: at what cost to SL are these relations? more..

Gymnastics ballerina who battled bars outside the arena

Jul 16 (SO) Call her anything that suits her personality as a teenage idol who could be sought after by potential investors looking for a perfect head-turning pin-up girl, a role model for the discerning sportswoman. Unknown to many, one of SL’s gymnasts has been scaling the bars of success challenging herself not only in the arena but away from it all overcoming an ankle injury, dengue fever, bouts of influenza and the deadly Covid 19 pandemic to come out on many an occasion more..

Prasanna Ranatunga

A slap on the wrist

Jul 16 (TM) Over the last weekend it was reported that the Public Security Ministry had strongly advised a group of senior police officers who made a mockery of the investigation procedure, and that of obtaining confessions, during the ongoing investigation into the recent double murder which occurred in Athurugiriya in broad daylight. The warning is but a slap on the wrist of senior police officers who should have been taken to task. It is learnt that the police officers had apologised more..

Uphold democracy to avoid anarchy!

Jul 16 (CT) Although elections are an integral part of any democracy, In SL, elections are hard to come by. Whether or not the lack of elections is an indicator of how democratic SL is, is questionable. It is safe to assume that, upholding the country’s democracy is not the first priority of the political parties. Understandably, and as claimed by politicians, when a political Party enters an election, its first priority is winning. While maintaining a winning mentality is not necessarily a bad more..

Sri Lanka demands return of Statue of Tara from the British Museum

Jul 16 (CT) Recent reports on the Ministry of Buddhasasana, Religious and Cultural Affairs’ renewed efforts to restitute the infamous Statue of Tara, which has been on exhibit in The British Museum in London since the mid-19th century, have many SL netizens locking horns once again. The 4’ 8” gilded bronze statue is believed to be the only surviving statue of its size from the A'pura era and is considered by many to be one of the more..

Dubai drug mafia’s revenge attack on Club Wasantha in daring salon sting op

Jul 16 (ST) Little did Club Wasantha know that the man who invited him as chief guest to open his tattoo salon, was part of a Dubai-hatched plot to gun him down in broad daylight in the heart of Athurugiriya town. Rajapaksa Appuhamilage Surendra Don Wasantha Perera—also known as Club Wasantha—who owned a string of questionable nightclubs in Colombo and at various other locations in the country, was killed on Monday morning, minutes after lighting the symbolic more..

Symptoms of anarchy?

Jul 16 (CT) The recent assassination of Club Wasantha, a prominent figure in the nightclub business, has sent shockwaves throughout Sri Lanka, highlighting a chilling mafia-style attack. Club Wasantha was gunned down by two marksmen in a professional manner, and in a well-publicized mission, it appeared in a footage that one gunman was picking up a banana or some sweet while escaping the scene. Numerous CCTV footages depicted the disturbing nature of the crime, more..

Transportation projects finally back on track

Jul 16 (TM) The development of infrastructure to facilitate public transportation across the country has halted over the past two years due to the economic crisis and recent debt restructuring. However, as of April this year, Ministry of Transport & Highways has managed to settle a majority of the outstanding bills owed to its contractors. Despite the economic crisis, Govt had allocated Rs.390 bil over the past 2 years more..

Impact of reforming labour laws

Jul 16 (GV) Labour law reforms are drawing strong resistance from local and transnational labour and civil society groups. Minister Manusha Nanayakkara, presented an Employment Draft Bill to the National Labour Advisory Council (NLAC) last week to review and propose amendments by July 21. Following the pandemic, the reforms are packaged as a solution to the ongoing acute economic crisis in the country. Trade unions and civil society groups claim that these reforms are undemocratic and more..

Speed isn’t the only killer on roads

Jul 16 (DM) In its first six months the year 2024 had seen 1,103 road accidents in Sri Lanka in which 1,154 fatalities have been reported, according to State Minister Lasantha Alagiyawanna. He pointed out at a press conference on July 11 that there were 2,557 deaths in 2,200 traffic accidents in 2023. In another media report published last year quoting govt official data, it was said that at least one person has died in 10 road accidents every three hours in Sri Lanka since 2016. more..

රනිල් ඉස්සරහම ලොහාන් රත්වත්ත...

Starlink satellite system nears approval as Musk’s representative visits Sri Lanka

Jul 15 (DM) A representative from the Starlink satellite system, founded by billionaire entrepreneur Elon Musk of SpaceX and Tesla, visited SL this week and is set to return next week to complete the final stages of obtaining the necessary licence for operations in the country. “A Starlink representative based in New Delhi was in SL and held initial talks with the necessary institutes including Director General of TRCSL and will be back most probably by next week to finalise everything,” more..

Piumi Hansamali will not be arrested till September 20

Jul 15 (DM) Attorney General today gave an undertaking before the Court of Appeal that SL model Piumi Hansamali will not be arrested until her writ petition is taken up for support on Sept 20. Piumi Hansamali had filed a writ petition before the Court of Appeal challenging the legality of the investigations conducted by the CID's Illegal Assets Investigations Division over the alleged suspicious acquisition of property. Deputy Solicitor General Shanil Kularatne, more..

Liquor manufacturers owe state coffers Rs. 1.8 billion

Jul 15 (Island) The Committee on Ways and Means has expressed its strong displeasure to the Excise Dept for its failure to act on the recommendations given by the Committee since last April to collect the total tax amount of 1.1 billion rupees for the year 2023 from liquor manufacturers. It was recently revealed before the Committee that the Excise Department had not been able to collect the revenue on or before June 30, 2024, more..

Madhushani renews 26-year-old long jump record

Jul 15 (DM) Madhushani Herath of Nannapurawa MV, Bibila shattered a 26-year-old record on the third day of the SL Athletic Junior National Championships, which continued at the Mahinda Rajapaksa Sports Complex in Diyagama. This meet is also the final selection trial to form the junior national athletic pool in preparation for the fourth South Asian Junior Athletic Championships 2024, which will be held in September in Chennai, India. Record-holder Madhushani produced more..

Twelve members of COPF oppose report on visa scam

Jul 15 (Island) 12 members of Parliament Committee on Public Finance (COPF) had opposed a report presented to the House on Friday by COPF Chairman Dr Harsha de Silva regarding the VFS visa scam, SLPP MP Mahindananda Aluthgamage said on Saturday. Aluthgamage said that he and 11 other members of the Committee had not accepted the report presented to Parliament by the Committee Chairman de Silva, on issuance of online visas to tourists because the report contained errors. more..

Sajith’s UNP membership will be reinstated if he supports Govt: Prez

Jul 15 (DM) Prez Ranil Wickremesinghe yesterday urged SJB and NPP to turn Sri Lanka into a developed nation and pledged to revive SJB Leader’s UNP membership if the former decides to support him. President Wickremesinghe who addressed a rally in Kandy said the Leader of Opposition Sajith Premadasa’s UNP membership will be reinstated if he supports the govt. “Tell the SJB leader that his membership of the UNP more..

Sri Lanka private credit, excess liquidity up in May , state credit down

Jul 15 (EN) Sri Lanka's private credit expanded 60.7 billion rupees in May 2024, reversing a contraction in April, while credit to state enterprises were flat. SL’s private credit has expanded only 71 billion rupees over the first 5 months of May 2024, amid low inflation and easing import prices, as well as stable exchange rate, which may lead to importers using supplier’s credit. Domestic demand is just starting to pick up amid low or falling inflation, with some private sector salaries increased more..

Keeri Samba Seed Paddy Cultivation Project successful

Jul 15 (CT) Keeri Samba Seed Paddy Cultivation Project initiated by the Paddy Marketing Board (PMB) in the Hambantota District has been successful. In light of the shortage of Keeri Samba rice in the country, Minister of Agriculture and Plantation Industries, Mahinda Amaraweera, advised the Paddy Marketing Board to implement a Keeri Samba cultivation project for seed paddy in the Hambantota District. Accordingly, PMB commenced a Keeri Samba cultivation project for more..

වසන්ත ඝාතනය භීෂණයක ඇරඹුමක්

Sri Lanka faces serious air pollution issues

Jul 15 (CT) Director of Environment Protection of the Govt of Hong Kong Dr Samuel CHUI pointed out that Sri Lanka as a developing country is facing increasingly serious air pollution issues. “China and other nations have prioritised air quality during industrial development. However, SL is now seeking expertise from experts in countries like China, Australia and Canada to address this pressing concern,” he said. Dr Samuel was addressing air pollution related issues at more..

SJB wants Govt to ensure Sajith’s security

Jul 15 (CT) Govt should be accountable for the security of Opposition Leader Sajith Premadasa and should provide necessary protection for him, as he is also the SJB’s Presidential candidate, SJB MP Eran Wickramaratne said. Wickramaratne, who referred to the assassination attempt on Former US Prez Donald Trump that same morning, expressed concerns regarding Opposition Leader Premadasa’s security, noting that certain parties might be trying to delay the election. more..

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