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Video: Fuel pricing formula revealed

Oct 18 (AD) Sri Lanka’s much-talked about Fuel Pricing Formula was revealed in detail to the media by Minister Mangala Samaraweera, at a press conference in Colombo today. Cabinet of Minister had granted approval for the implementation of a cost reflective formula based pricing system of auto fuels effective from May 11, 2018. The pricing formula was constructed by a technical committee based on the following more..

Video: SLFP Mawanella organizer arrested by STF

Oct 18 (AD) The SLFP Organizer for Mawanella Imtiaz Cader Mohamed has been arrested by the STF. STF officers had found 3 unregistered firearms and several rounds of ammunition with him when searched his house in Kegalle, this morning. A Dubai-imported MP5K automatic rifle commonly used for VIP security purposes, a T-56 rifle, a Repeater-type firearm and a stock of live ammunition has been recovered from the house. Reportedly, he is currently being escorted to more..

Video: Hybrid Sudda who was on bail arrested with heroin

Oct 18 (AD) A suspect has been arrested in the Padukka area while in possession of 1.1 kg of heroin valued at around Rs 13 million, police said. The arrest was made by a team of officers from the Colombo Crimes Division (CCD). The arrested individual is a 37 year old name Sameera Rasanga Gunasekara alias Hybrid Sudda, stated Police Media Spokesperson. He had been conducting his heroin racket in a rented house in Netioluwa-Angampitiya in Padukka while his permanent address more..

Colombo Air Symposium commenced under President’s patronage

Oct 18 (PMD) The Colombo Air Symposium (CAS), a forum that provides an even ground for the stakeholders to blueprint pragmatic air power solutions for the issues emerging in the global, regional and national levels, was commenced under the patronage of President Sirisena at the Eagles’ Lakeside Banquet & Convention Hall in Attidiya, today. The CAS 2018 is themed as Air Strategy in Substantiating more..

SLAF gets six new Chinese aircraft assembled here

Oct 18 (Island) Air Force Commander Air Marshal Kapila Jayampathy yesterday took delivery of six brand new PT-6 aircraft, assembled at the Aircraft Engineering Wing (AEW) at SL Air Force Base, Katunayake. The event was also attended by Chief of Staff of the Air Force, Air Vice Marshal Sumangala Dias, members of the Air Force Board of Management and other officers as well as representatives of the Aviation Engineering Division of the M/S CATIC of China, more..

Arguments regarding GR’s writ application fixed for Nov 2

Oct 18 (Island) Court of Appeal, yesterday, fixed for Nov 2, arguments pertaining to the writ application filed by wartime Defence Secretary Gotabhaya Rajapaksa in respect of alleged misappropriation of public funds in the construction of D. A. Rajapaksa Memorial at Madamulana, Weeraketiya The petitioner Rajapaksa has requested the Court to quash the decision of the FCID to charge him with misappropriating Rs. 50 mn. However, the Attorney General has already indicted Rajapaksa more..

Second Batch of SL Army CCC prepares for UN peacekeeping mission in Mali

Oct 18 (SLA) Sri Lanka Army, recognized globally as a UN troop contributing country (TCC) with its second contingent of 260-strong Combat Convoy Company (CCC) is now set to wing to Mali, a landlocked West African country, marred by ethnic tensions for UN peacekeeping assignments. A brief inaugural ceremony of the FTX - Harmattan - 2 will take place at Chundikulam, before the Exercise more..

UNP finds 25 men to axe

Oct 18 (DM) The United National Party (UNP) said it had identified 25 of its electoral organizers to be axed under its reorganization programme, it is learnt. According to sources, the UNP would dispense with its organizers identified as weak in the reorganization process. The party leadership, at the Working Committee meeting yesterday, instructed its organizers to establish branch organizations at the grassroots level in preparation of future elections. more..

JICA backs agricultural sector

Oct 18 (Island) The Japan International Cooperation Agency (JICA) supported the consultative workshop on Development of Good Agricultural Practices (GAP) Strategy for Fruit and Vegetables in Sri Lanka together with Department of National Planning (NPD), Ministry of National Policies and Economic Affairs last week. In the workshop, the participants from NPD, Department of Agriculture, private sector, academia and other relevant agencies in addition to JICA, had extensive discussion to more..

Lacille de Silva

Follies of a Govt

Oct 18 (CT) The biggest cliché in mystery fiction/ drama/films and television is unsurprisingly the biggest cliché in politics too. The butler did it! naturally transforms in the political arena, not exclusively in the Sri Lankan one but synonymously less recognized, into The former regime did it! But with matters unravelling at hand, is it possible that the butler — er, the former regime — was framed? Up until recent times the generalized rant of the current political administration was more..

Depreciating rupee: Avoiding a money-go-round

Oct 18 (FT) Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the US. As US monetary policy becomes tighter and the dollar strengthens, emerging economies like SL are hit by twin blows from both the interest rate and currency adjustments. SL rupee has depreciated by 10% in nominal terms by end Sept 2018, more..

Inside Politics: Govt in turmoil as Prez-PM clash

Oct 18 (DM) Animosity between President Sirisena and PM Ranil Wickremesinghe took new heights on Tuesday as the two leaders embroiled themselves in a heated exchange of words at the weekly Cabinet meeting. It started after Minister Mahinda Samarasinghe presented a Cabinet memorandum seeking approval to develop the East Container Terminal of Colombo Port by Sri Lanka Ports Development Authority (SLPDA). more..

1987 university students dropped out due to ragging: UGC

Oct 18 (CT) In 2016 and 2017, a total of 1,987 university students had left Govt Universities within the first three months of registering due to ragging, said the Chairman of UGC, Professor Mohan de Silva. “Most of these students have registered with the relevant Universities, before leaving them because of ragging. This means that they can’t attend again either. It is sad to see the learning environment of Universities being destroyed more..

Video: Suspect a RAW member bearing ID number RB317217/VJ: JO

Oct 18 (DM) The JO said the Indian national, who claimed of a plot to assassinate Prez Sirisena, former Prez Rajapaksa and his family members, was identified as an India’s Research and Analysis Wing (RAW) member bearing the RAW identity card number of RB317217/VJ. JO member MP Wimal Weerawansa said that they had investigated on this issue and had found out that the Indian national who was arrested in SL more..

‘Name senior member as Presidential candidate’

Oct 18 (NR) MP Kumara Welgama says if concerns persist with naming former President Rajapaksa as the JO’s Presidential candidate, a suitable senior member apart from the Rajapaksa family must be named instead. Speaking at a public rally MP said he cannot agree with the stance that only a member of the Rajapaksa family can be named as a Presidential candidate. Speaking later on at a SLPP meeting the MP responded to more..

Cabraal-led Expert Committee for economic crisis: JO

Oct 18 (DM) Former President Mahinda Rajapaksa had decided to appoint a Special Economic Committee headed by former Central Bank Governor Ajith Nivard Cabraal, to look into the economic crisis in the country, and to provide recommendations, the Joint Opposition (JO) said. JO member MP Wimal Weerawansa told a news conference that a decision had been taken in this regard during JO’s Party Leaders’ meeting more..

We are conducting several investigations in Sri Lanka: Alex Marshall

Oct 18 (DM) The ICC’s head of Anti-Corruption Unit (ACU) Alex Marshall has said they are investigating several people in Sri Lanka connected to cricket-- from inside and outside of cricket. These people could be current players, ex-players, administrators, senior officials, people outside the game. His comments come just days after the ACU charged Sri Lanka’s cricketing legend Sanath Jayasuriya with more..

Twists and turns in W.M. Mendis & Company investigation

Oct 18 (DM) The investigation conducted by the CID into the controversial Treasury bond saga has now taken a new twist after three employees of W.M. Mendis and Company and their attorney-at-law alleged that the CID and senior officers of the AG’s Department of fabricated witness statements and intimidated witnesses. W.M. Mendis is not directly a suspect company in the bond investigation, but the company became more..

Cheap, low octane petrol for three-wheelers next month: Minister

Oct 18 (DM) A new petrol type would be introduced only for three-wheelers for low cost by next month, Petroleum Minister Arjuna Ranatunga said. Speaking to the media he said, the new petrol had a lower-octane value. “After I assumed duties as the Petroleum Minister, several major plans had been taken place to make new petrol type, which can be introduced to the market at a low cost,” he said. more..

'Education Ministry is an insurance fraud'

Oct 18 (CT) Value of 2700 million insurance fraud took place in the education ministry and the Minister of education, Akila Viraj Kariyawasam, Director of Education, Renuka Peiris and all the top chairs of the Education Ministry are responsible for wasting public revenue worth 2700 million alleged General Secretary of Ceylon Teacher’s Association, Joseph Stalin during a press conference held by Ceylon Teacher’s Union. more..

'Middle Class is not a progressive class'

Oct 18 (DM) David North the Chairman of the Socialist Equality Party in the US and the theoretical leader of the Fourth International, which bases its ideology on Leon Trotsky and the Internationalism contained therein sat down with the Daily Mirror for an interview. The Author and international socialist spoke of a wide range of issues of which excerpts are published below. Q: David, we welcome you to this interview, I believe more..

Stop the madness; We’re not your morning spit!

Oct 18 (DM) Politicians have got used to using the public as if they own them. At the same time and in the same vein, the public also responds in a welcoming manner that beguiles a probing mind. The response from the public to the timely use of rhetoric and sloganeering from politicians is being noted not only in the dirty and nauseatingly stinking slums in the urban and suburban sectors, but it is also palpably present in the cocktail circuits in the more sophisticated corners. more..

Today's realities

Oct 18 (DM) GRIM!!! Lots of Humans, Less Humanity, More Degrees, Less Common Sense, Lots of Facebook Friends, No Best Friends, Big Houses, Small Families, High Income, Less Peace of Mind, Designer Watches, No Time, High IQs, No Emotions, Advanced Medicine, Poor Health, Gone to the Moon, Neighbours Unknown, Numerous Affairs, No True Love!!! These are the STARK REALITIES BUT THERE IS MORE!!! No Ethics, No Generosity, No Feeling for Underprivileged, more..

President sacks boards of the BOI, Bank of Ceylon and People’s Bank

Oct 18 (LBO) Media and political sources say the announcement of the dissolution of the boards of directors of the Board of Investment (BOI), Bank of Ceylon (BOC) and Peoples Bank is imminent. These actions have come as a surprise move on behest of Prez Sirisena. Chiarman of BOI is former Etisalat CEO Dumindra Ratnayake, while BOC Chairman is Ronald Perera, and People’s Bank Chairman is Hemasiri Fernando. more..

Modi’s Office on assassination plot allegation

Oct 18 (Island) Indian PM Narendra Modi’s Office yesterday said President Sirisena had, in a telephone conversation with the Indian leader, denied media reports that he alluded to Indian involvement in an alleged plot to assassinate him. Full text of the statement issued by PM Modi’s Office: "President of SL Maithripala Sirisena called PM Modi on telephone today. "The President of Sri Lanka stated that he categorically rejected the reports in sections of media about more..

Rajitha refutes media reports on RAW plot

Oct 18 (DN) Minister Rajitha Senaratne refuted media reports that stated that President Sirisena had informed Cabinet that the RAW was plotting to kill him. President had only noted that certain groups were trying to insinuate that the Indian arrested in the attempted assassination plot case was an agent of the Indian Intelligence Agency; RAW, Minister said. “Through this they are trying to create issues between India and SL, the President had said,” he said at the weekly Cabinet media briefing. more..

India seeks clarifications from Sri Lanka

Oct 18 (EN) India has sought clarifications from SL President Sirisena over his reported remarks that India’s external intelligence agency was plotting to assassinate him, officials said. Indian High Commissioner Taranjit Singh Sandhu called on Sirisena on Wednesday, a day after reports of his claim that the Research and Analysis Wing, India’s foreign spy outfit, had planned an assassination. more..

Sri Lanka to revoke bikini ban

Oct 18 (AFP) Sri Lanka on Wednesday promised to revoke a bikini ban raising eyebrows at a popular seaside resort, as the authorities urged tourists to wear what they want at the beach. The signs erected by local police at Habaraduwa Beach, about 130 km south of the capital Colombo, depicted a pair of western women in bikinis crossed out with a red "X". "According to Sri Lankan culture, please dress in an appropriate suit," it stated, declaring bikinis improper. more..

Govt rules out electricity tariff hike

Oct 18 (Island) Electricity tariffs could not be changed without the approval of the Public Utilities Commission, the govt said. Minister Gayantha Karunathillake, said that the Electricity Act prohibited introducing price formulas similar to the one for fuel. "In the case of electricity, any increase or reduction in tariffs, had to be assessed and approved by the Public Utilities Commission," he stressed, adding that no decision had been taken to hike rates. Minister Rajitha Senaratne also said more..

No new proposal to handover ECT Development to India

Oct 18 (DM) No new Cabinet proposal had been submitted by PM or any minister to handover the Colombo Port’s East Container Terminal (ECT) development to India. Reports earlier said President and the PM had a showdown at the Tuesday’s Cabinet meeting as the President was opposed to a proposal made to handover ECT Development to India. Highly placed sources at the Govt yesterday rejected the reports and said more..

CB confirms receipt of $ 1 b from China Development Bank

Oct 18 (FT) The Central Bank yesterday confirmed that the $1 billion Foreign Currency Term Financing Facility (FCTFF) from China Development Bank had been received to strengthen reserves and potentially help steady the rupee. Bank said Govt of SL invited to submit proposals from int'l and domestic banks and investment houses for a FCTFF denominated in US Dollar (USD) or Japanese Yen (JPY) or Euro or of their combination up to a limit of $US 1,000 million in March 2018. more..

Sri Lanka slips in competitiveness ranking

Oct 18 (FT) Sri Lanka has slipped to the 85th position in the 2018 Global Competitiveness Index from 81st in the previous year. Out of 12 broader pillars, Sri Lanka had improved in terms of infrastructure, health, ICT adoption, skills, and market size, but lagged in the other factors, such as institutions, macroeconomic stability, product market, labour market, financial system, business dynamism, and innovation capability. In South Asia, India topped by being ranked at 58th, more..

Johnny, two others acquitted in CWE case

Oct 18 (DN) MP Johnston Fernando and two others were acquitted and released by Kurunegala HC judge Menaka Wijesundara citing contradictory evidence yesterday. They were accused of misappropriating Rs 5.2 million in Co-opearative Wholesale Establishment (CWE) funds in the run up to the NWPC election in 2013. Attorney General had alleged that Johnston Fernando as the then minister in charge of CWE had ordered more..

Indian HC meets Prez

Oct 18 (Island) Indian High Commissioner in Colombo Taranjit Singh Sandhu yesterday met Prez Sirisena in the wake of media reports of an alleged Indian assassination attempt on the SL leader. The Presidential Media Division (PMD) and the Foreign Ministry in statements issued yesterday assured there was no basis for these reports. "PMD wishes to clarify that the President has not mentioned any involvement of an lndian intelligence service in the alleged plot to assassinate him. more..

Tamil representatives meet President

Oct 18 (PSL) President Maithripala Sirisena said that the govt would extend every possible assistance to streamline the developmental activities in the North and East to provide maximum benefits to the people. He said this during a discussion with the representatives of TNA this evening (17) in Parliament. The issues pertaining to development activities and the need for streamlining them and adverse affects of inclement weather were discussed during the meeting. more..