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TISL calls on Govt to fast track implementation of UNCAC pledges

Oct 16 (FT) Transparency International SL (TISL) yesterday highlighted that the country’s commitment to implement the UN Convention Against Corruption (UNCAC) needs faster momentum, as there is still a lot of work to be done on the key pledges made in 2016. Launching an online platform to track the progress that has been made in key anti-corruption commitments made by the Govt on 3 key pledges, more..

Sri Lanka risks instability, stagflation by being in PIIS soft-peg group: Bellwether

Oct 16 (EN) SL's permanent currency depreciation worsened by periods of greater weakness is putting the country in the danger of political instability and stagflation unless urgent monetary reforms are done to end the debilitating soft-peg that is holding back the country. This country is part of a group of countries with mismanaged soft pegs which include Philippines, Indonesia and India and SL (PIIS) which are struggling with exchange regimes which are neither hard pegs nor true floats. more..

Hayleys grabs over 92% control of Singer SL

Oct 16 (CT) Hayleys PLC and its subsidiaries grabbed over 92% control of Singer (SL) (SSL) by acquiring the remaining 9.47%, or 35.6 million-share stake of SSL for Rs 1.67 billion, Hayleys Group Exec Director said. Seller was former Singer controlling shareholder and Singer Asia Limited subsidiary Retail Holdings (SL) BV (RHSL), and the selling price was Rs 47 per share. Yesterday, Singer shares closed at Rs 31 per share, up Rs 1.40 or 4.73% compared to Friday’s market close. more..

Heartbreak for Seniru

Oct 16 (CT) High-Jumper Seniru Amarasinghe created history but was left heartbroken as he finished just outside the podium in fourth place at the Youth Olympic Games 2018 in Buenos Aires, Argentina, yesterday . Competing in the second stage of the high jump, the 17- year-old Royalist equalled his personal best of 2.14m and finished fourth overall, which can be categorized as the best achievement by a SL male athlete more..

Commercial HC grants enjoining order in favour of Frostaire against Pan Asia Bank

Oct 16 (FT) The Commercial High Court through Order dated 10 October issued an Enjoining Order against Pan Asia Banking Corporation PLC on hearing an Application filed by Frostaire Industries Ltd. (the Plaintiff) a company engaged in the business of importing, assembling, and manufacturing air conditioners, refrigerators and cooling systems and founded by Mukthar Marikkar, a reputed businessman who has also functioned as a Director of Pan Asia Bank in its inception. more..

Mitra Innovation to roll out DevOps to cater to demands of telecom and financial sectors

Oct 16 (Island) Alongside Mitra Innovation's core offerings such as digital transformation and cloud integration, the Company will soon be commencing a new service widely known as DevOps to cater to the demands of the telecommunications and financial sectors, Derek Bell, COO and co-founder of Mitra Innovation said in Colombo yesterday. "We will be rolling out this exciting and unique service to cater to the demands of the telecommunications and financial sectors. more..

Football comes under COPE attack

Oct 16 (ST) Football Federation of SL (FFSL) came under attack on Wednesday when the COPE questioned its officials for over two hours, leveling several charges including an alleged attempt to cover up two financial frauds running into millions of rupees. The first, which took place in 2008 and is currently before courts, implicates a former football official who was accused of having embezzled over Rs 38 million in foreign funds more..

Open exit, but no entry

Oct 16 (ST) As I was waiting for my flight at the Colombo Airport, I saw someone approaching me with a big smile on the face. I felt that he knew me very closely. Being a uni professor, such situations are not rare in my life; wherever I go, quite often I meet the students whom I have taught. Obviously, I can’t recognise some of them. I thought he must have been one of my students too. This time, however, I was wrong as he asked me (in Sinhala): Uncle, you can’t recognise me, can you? more..

Fancied cueists advance to second round

Oct 16 (ST) The Colombo District Snooker tournament conducted by the Billiards and Snooker Association of SL and sponsored by U.W. Sumathipala Group of Companies is one of the four qualifying tournaments to select the players who would be eligible to play at the forthcoming 66th National Snooker Championship 2018 is in progress now at the AAC and The Cue Club billiards table in Colombo. The Colombo District tournament which is being contested by over 155 cueists around more..

KJP to undergo MRI scan

Oct 16 (Island) Sri Lanka are awaiting fitness clearance on top order batsman Kusal Janith Perera after he complained about a quadriceps strain while fielding during the second ODI against England in Dambulla on Saturday. The national cricket team is currently in Kandy training ahead of the third ODI at Pallekele on Wednesday. Perera will undergo an MRI scan either in Peradeniya or Colombo on his quadriceps and more..

Para athletes did immense service to country without facilities: Mustapha

Oct 16 (DN) Minister of Sports Faiszer Mustapha said that SL’s para athletes who won 14 medals at recent Asian Para Games in Jakarta were a good example to able athletes. Minister made these remarks at the felicitation ceremony held at Duncan White auditorium for the para athletes yesterday. He further pointed out that our para athletes won 14 medals including four gold’s with lack of facilities but able athletes who went with a contingent of 175 did not win a single medal at the Asian Games. more..

Hasini takes first gold medal at Youth Olympics

Oct 16 (DN) Hasini Ambalangodage and her team AlFA won the Gold medal in the mixed international relay badminton at the Youth Olympic Games which is now in progress in Argentina. Her team consisted of seven other shuttlers from USA, Bulgaria, Canada, Italy, India, Cambodia and Sweden. Hasini from Vishaka College Colombo said this was a great chance to win a gold medal in this mixed international relay event. “I had to play with other players in my group. more..

Mullikulam people’s struggle continues

Oct 16 (CT) Mullikulam, bordering Mannar-Puttalam, adjoining the thickets of Wilpattu, was once a vibrant village with a school, post office, multipurpose cooperative outlet, agricultural lands and ponds by the sea where fishing was also thriving. Today it is dull and dry and the lives of the people there are hanging in the balance. The people’s lives have changed after their land and houses have been taken to establish more..

Edtorial: A wild goose chase

Oct 16 (Island) SL must be the country with the highest number of anti-corruption campaigners in the world. If one kicks a wayside bush, at least a dozen anti-corruption activists will be thrown out, as they say. These knights in shining armour sitting astride swift, white steeds, embark on much-publicised crusades against corruption. In 2015, we thought the country would be free from the scourge, at long last, given the sheer scale of the anti-corruption drive we witnessed in the run-up more..

That wall at Ratmalana Airport & Murphy's Law

Oct 16 (Island) Many moons ago this writer wrote in your newspaper about the hazards of having a concrete perimeter wall at the Galle Road end of the Ratmalana Airport. A runway has three components. The paved Runway itself, another area called a Stopway which could be like Ratmalana, the aircraft turning area that could be used for an overrun and thirdly, an obstacle free area called a Clearway. The problem with the Ratmalana Airport is that the Stopway & Clearway are relatively very small. more..

රටට යහපත් වෙන්නනම් රනිල් ගෙදර යා යුතුයි

SL foreign policy and trade agreements

Oct 16 (CT) Trade and foreign policy is synonymous and directly linked to each other in the new world order, where States have given priority to trade over foreign policy, interacting with the rest of the world and international organizations. Trade policy is statement of intent and deliberations of a system of principles for a rational outcome on subjective decisions, as a result of collective deliberations of the policymakers in governance or private sector with future strategies. more..

Unperturbed Ranil rises above the din

Oct 16 (ST) In the hallowed precincts of a near 200- year old colonial institution PM Ranil Wickremesinghe gave today’s students of Oxford University a lesson in colonial history and more. Some of them might not have been aware of the birth and death of the British Empire and what happened in between the beginning and the end. There used to be those pith-hat wearing colonial officials who gloated over their conquests and the growing achievements of the empire. more..

Bounty hunters: Why Sri Lanka’s cultural heritage is at risk

Oct 16 (Roar) On a hike through the wilderness near Kalthota in the Monaragala district, Ashan Geeganage, an archaeology enthusiast, stumbled across an ancient ruin hidden in the jungle, where he discovered four men performing a ritual. “They were preparing to dig up the place,” he said, “and were making an offering to protect themselves from any vengeful spirits.” “When they saw us, they ran into the forest,” more..

Assassination plots should be taken seriously

Oct 16 (CT) Any allegation of coup attempts or assassination plots cannot be taken lightly, as there were instances in post-independent Sri Lankan history that changed the destiny of the Nation and some important national leaders. Although there were palace coups after the sudden death of the first PM, D.S. Senanayake, in 1951, the first successful assassination coup was the one that took the life of the much-loved Prime Minister, S.W.R.D. Bandaranaike in 1959. more..

Legal fraternity conspires against the Election Commission

Oct 16 (CT) A conspiracy is formally defined as a group of people planning and doing something illegal. After years under the LTTE when some 600,000 voters were denied their franchise for a payment as is now being proved in court, sections of Jaffna beating the LTTE drums, seem not to have grown out of their habit of not taking elections laws seriously. At the centre of the unfolding storm is the TNPF led by Gajendrakumar Ponnambalam and his Tamil Congress (TC). more..

Boralesgamuwa motor accident : Star swimmer’s future in the balance?

Oct 16 (SO) Motor accidents have perhaps become the most common cause of death in recent years in SL according to various researchers. In fact, six people die every day due to vehicular accidents and could there be a bigger cause than this for mortality in Sri Lanka? “Now all the roads are carpeted and vehicle movement has become much faster”, one could say. But, while finding all the reasons for these accidents, more..

The state of the economy: Is it in crisis?

Oct 16 (ST) Current economic difficulties have given rise to a controversy on whether the economy is in a state of crisis. Extreme positions have been taken that either the economy is in a severe crisis or is stable and strong. The salient issue is whether the economy is strong enough to withstand the current international economic shocks. Much of the discussion is clouded by politics and hardly based on facts and figures. Even when facts and figures are quoted their interpretation is biased and more..

Reparations Office can bind nation together

Oct 16 (CT) Limping and internally conflicted thought it be, the govt of national unity once again showed its value when it got the Office for Reparations bill passed through parliament. The margin of victory was narrow with just 59 MPs voting in favour and 43 against it. As both UNP and SLFP members of the govt voted for the passage of the bill it can be believed that both President Maithripala Sirisena and PM Ranil Wickremesinghe were in favour of the passage of the bill. more..

Sanath Jayasuriya charged under ICC anti-corruption code

Oct 15 (CI) Sanath Jayasuriya has been charged with two counts of breaching the ICC's anti-corruption code. The charges relate to failure or refusal to cooperate with an Anti-Corruption Unit (ACU) investigation and obstructing or delaying an investigation, including concealing, tampering with or destroying any documentation or other information which may be relevant. Jayasuriya, a former SL captain, was chairman of selectors more..

Central Bank begins work on forensic audits of share, bond investments

Oct 15 (EN) Central Bank said it had begun work on doing forensic audits of investments in equities and bonds by a state employees’ pensions fund it manages and operations of selected entities under its supervision. “The procurement process for several forensic audits is underway in several areas such as investments of a fund in equities and Treasury bonds, issuance of Treasury bonds and certain operations of selected entities regulated and supervised by Central Bank,” more..

Joe Root's England Diary

Oct 15 (Sky) Joe Root talks about Olly Stone's brilliant start to his England career, Jos Buttler thinking clearly under pressure, getting up close with some elephants in Sri Lanka and a controversial football auction. We arrived in Kandy on Sunday, it was about a three-hour drive from Dambulla. We got to see some nice scenery on our way through and it's nice to get here, we're staying in a beautiful hotel. I'm looking forward to staying here over the next week. It is a beautiful country and more..

Govt is likely to freeze fuel prices temporarily

Oct 15 (DM) The budget 2019 is likely to freeze the much criticized fuel pricing formula temporarily for a few months and also bring down the fuel prices in the domestic market to ease the hardships faced by the low income families, a senior Cabinet minister said yesterday. The minister said on condition of anonymity for obvious reasons that the freezing of the fuel pricing formula would be initially for 3 months as the govt expects that more..

Israel to grant five-year visas for agriculture sector

Oct 15 (DN) Israeli has agreed to grant a five-year visa for Sri Lankan migrant workers in the agriculture sector. Deputy Minister Manusha Nanayakkara who visited Israel on the instructions of Telecommunication, Digital Infrastructure, and Foreign Employment Minister Harin Fernando held bilateral discussions in this regard with the Israeli Foreign Ministry officials. The agreement will be signed with the coordination of the International Migration Institute. more..

SAARC looks to go high tech to boost regional trade : Minister

Oct 15 (LBO) Despite low trade within the region, there is potential for using information and communication technologies to contribute to social and economic progress across South Asian countries, Minister of Industry and Commerce said. “Despite the challenges, the e-commerce and related sectors in the South Asian countries offer huge business and investment opportunities,” Rishard Bathiudeen, minister of Industry and Commerce told an int'l conference in SL. more..

36 including females arrested in clashes at Facebook party

Oct 15 (AD) 36 individuals including 12 females have been apprehended in Ratnapura, over a clash that had occurred during a party organized via Facebook. The police said that a clash had broken out with the residents of the area during the party, which was held at a hotel in Durekanda, Ratnapura. Reportedly, two of the arrested suspects had been in possession of 530 g of crystal methamphetamine (commonly known as ICE) more..

SPC to produce 70% of Sri Lanka's pharmaceutical requirement

Oct 15 (GDI) President Maithripala Sirisena Friday opened the new pharmaceutical manufacturing facility constructed with the intention of further strengthening the pharmaceutical production capacity of the State Pharmaceuticals Corporation.The new manufacturing complex consisting of state-of-the-art facilities has been built in the Ratmalana Kandawela area with the funding from JICA. The Japanese government has spent Japanese Yen 1240 million (US$ 11 mil) and more..

PHU to seek Court of Appeal assistance against Vijayakala

Oct 15 (DM) While claiming that the legal action against MP Vijayakala Maheswaran was not taken in a proper manner on her statement on the resurgence of the LTTE, the PHU said it would seek legal assistance at the Court of Appeal against MP Vijayakala. PHU Propaganda Secretary Thushara Dissanayake said the Police had carried out a wishy-washy investigation into the Vijayakala’s statement. “Vijayakala’s statement has breached Article 114, 115, and 120 of the Penal Code, more..

Video: President observes development projects in Polonnaruwa

Oct 15 (AD) The constructions of the technological museum of Polonnaruwa came under the inspection of President Sirisena yesterday. This is the first comprehensive technological museum built after 150 years. This technological museum is comprised of cubicles composed of the technology descending from pre- historic era and of the most significant milestones of state patronage through the ages. more..

Aava sword supplier arrested

Oct 15 (CT) A person who had supplied swords and daggers to the controversial Aava group was arrested by the Police Special Task Force yesterday (14). The suspect was arrested in Jaffna yesterday morning on a tip-off received by the Chunnakam Police. Police said that the suspect was in possession of a sword at the time of his arrest. The Police had also been able to detect the telephone call exchanges he has had with Aava group regarding supply of weapons. more..

Removing IGP not the solution: SF

Oct 15 (DM) Minister Sarath Fonseka said the removal of IGP would not resolve the issues faced by the police department unless action was taken against the senior police officials in charge of police divisions such as the Organised Crimes Preventive Division. “I highly criticized in parliament certain shortcomings of the police department. Specially, I criticized the conduct of the senior police officials of the organized crimes Preventive division who had responsibility to control more..

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