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කවුද යකෝ මේ කෙරුමා ?

Banks could borrow unsecured long-term below 10%: HNB CEO

May 20 (DN) Hatton National Bank CEO Jonathan Alles opined that in the current environment the larger players in the banking sector could borrow below 10% over the long term on unsecured or subordinated instruments like corporate debentures. In the immediate context Alles noted that a larger bank could issue an instrument closer to 11%. Alles said, “You just have to wait a bit and rates will come down.” On the broader interest rate movements Alles opined that there would be a gradual decline more..

At what point does the partaking of porridge become a national security threat to state?

May 20 (ST) If the SL State tried with all its might and main to look ridiculous in the eyes of the world, it could not do better than the preposterous performance of law enforcement agencies in the North and East during the formal remembrance of those who died during the ending of SL’s decades-old ethnic conflict on May 18th each year. Fifteen years after that inexpressibly sad phrase of the country’s turbulent history with images of emaciated men, women and children of the Wanni more..

Inspiring a generation of women’s cricketers

May 20 (ST) For a veteran of 101 WODIs and 131 WT20Is, the reputation Chamari Athapaththu earned during her 15-year tenure with Sri Lanka cricket is immense and exceptional. Athapaththu can be easily rated as the most successful women’s cricketer Sri Lanka ever produced since the team’s int'l debut in 1997. Ever since making her debut for SL on June 15 of 2009, Athapaththu has transformed herself into an iconic figure, more..

Tourist arrivals surge exceeding 850,000 YTD

May 20 (FT) Tourist arrivals exceeded 65,000 in the first 17 days of the month, bringing the year-to-date (YTD) total to over 850,000 visitors reinforcing the industry’s rebound. “We have exceeded the 65,000 mark of arrivals for this month as of Friday. It is encouraging to see the boost in arrivals, which reflects a positive outlook for the industry. This also has pushed our cumulative arrivals to 850,000. We are optimistic that the industry will maintain its growth momentum and achieve set targets more..

War on Gaza sees rare unity in the House but govt’s move to send workers to Israel...

May 20 (ST) Lawmakers from both sides of the aisle condemned the continuing bloodshed in Gaza and called for a permanent ceasefire as the House debated the Palestine issue on Tuesday. Moving the adjournment motion, SLMC Leader Rauff Hakeem called on the govt to consider severing diplomatic relations with Israel should it continue with its military operations in Gaza in defiance of international calls for a ceasefire. Mr. Hakeem appealed to Hamas to free Israeli hostages it is holding unharmed more..

රේගුවේ,වරායේ කෝටි ගානක ජාවාරම්

Redefining debt justice

May 20 (TM) A collective of researchers, activists, civil society organisations, and community leaders came together on 18 May to launch Yukthi, a platform dedicated to pursuing debt justice for working people in the wake of the economic crisis. Yukthi aims to promote a better understanding of working people’s experiences, critical analysis, and alternatives to neoliberalism. At the launch event of the platform, speakers highlighted the ongoing economic crisis in Sri Lanka, more..

Editorial: Pledges and reality

May 20 (Island) JVP-led NPP has fully endorsed its National Executive Committee member, K.D. Lalkantha’s controversial pledge that it would empower the people to exercise judicial powers at the village level if it formed the next govt. Lalkantha created quite a stir by making that pledge, which he reiterated the other day at a public event. Given the JVP’s violent past, it is only natural that its critics have warned of a possible re-emergence of kangaroo trials in the event of JVP-led more..

Shades of an Undead Past

May 20 (GV) In SL of 2024, kanji is a four letter word. During the long Eelam war, all sides committed horrendous atrocities. SL forces, the LTTE and anti-Tiger Tamil groups all were guilty to varying degree of every conceivable crime, murder downwards. The war was never jus ad bellum or jus in bello. The path to it and the path through it were lined with avoidable errors and unnecessary crimes. During the second and third Eelam wars, more..

State sector; needs smart recruiting

May 20 (TM) SL has a bloated state sector problem, and much of it stems from politicisation and poor policy decisions. Moving forwards, it is right to enact much needed state sector reforms, and make the Govt smaller. However, SL needs to be smart in going about it. There is no quick fix for the issue, and unless you clearly identify where the fat is – knee-jerk reforms may also cut away muscle and even bone. A body can do with its fat being trimmed, but not without muscle and bone, more..

IMF programme: The lender is the winner

May 20 (DM) The world is collapsing for our working people, with the tremendous rise in the cost of living, mass disruption of livelihoods, skipping meals due to broader food insecurity, and rising malnutrition and school dropouts. This is visible to all of us, from the larger number of beggars on the streets to children seeking work in the countryside. However, according to the IMF, the country is doing well under the program. Well for whom though? Sri Lanka is doing well for its external creditors, more..

Multiple fiascos dent trust in govt exams

May 20 (CT) Although it is largely believed that govt institutions are strongly influenced by politics, Dept of Education was somewhat immune to those claims, as a certain trust among the people was built on the capabilities of the Department to act as an independent entity, devoid of political influence. However, the recent incidents involving govt exams and the news headlines people are frequently exposed to, have put a significant more..

Debate or no debate, addressing critical issues is important for voters

May 20 (CT) In recent weeks, we have observed a disheartening spectacle unfold between the SJB and NPP as they engage in a futile tussle, each blaming the other for the failure to arrange a debate between their respective leaders and economic policy teams. This debate, crucial for enlightening the voting populace ahead of both the Prez and General elections, remains elusive due to the entrenched animosity between the parties. Consequently, the electorate grapples with disillusionment and more..

The OHCHR strictures on Lanka -spitting in the wind

May 20 (DM) Office of UN High Commissioner on Human Rights (OHCHR) on Friday issued a strident call to the SL Govt (SLG) to urgently establish an independent prosecutorial authority, appoint a special prosecutor and create special courts to try those accused of gross violations of international law and serious breaches of international humanitarian law. In its report on accountability for enforced disappearances in our country, the OHCHR has suggested enhancing the capabilities more..

Presidential poll: Political alliances after Ranil’s announcement of candidature

May 19 (ST) Despite wild speculation, some doctored and others engineered by individuals or interested groups, the clamour for an immediate parliamentary general election has died down or is even dead. The reason: for many weeks now, Prez Ranil Wickremesinghe, who is empowered constitutionally to dissolve Parliament—which has now completed more than two and half years—wants a prez election first. more..

Sri Lanka Tamils mark 15 years since end of civil war

May 19 (AP) SL's minority Tamil community marked 15 years since the end of the island nation's civil war on Saturday in an emotional ceremony that proceeded despite fears authorities would attempt to prevent its staging. Public events celebrating the Tamil Tigers separatist group -- which fought a no-holds-barred battle to establish an ethnic minority homeland -- are illegal and authorities have blocked past memorials. Tamils say the events are held to remember all victims of decades-long war, more..

Sri Lanka: 15 years after the end of war, victims still await justice at Mullivaikkal

May 19 (AI) Speaking at a commemoration marking the 15th anniversary of the end of SL’s internal armed conflict on 18 May 2009, which culminated in the brutal Mullivaikkal offensive where countless civilian lives were lost, Agnčs Callamard, Secretary General at Amnesty International, said: “Today’s anniversary is a grim reminder of the collective failure of the SL authorities and the international community to deliver justice to the many victims of SL’s 3-decade-long internal armed conflict. more..

Lanka strongly rejects UN report; questions its mandate and timing

May 19 (ST) Sri Lanka rejected Friday’s UN report from the Office of the High Commissioner for Human Rights (OHCHR) calling for accountability for enforced disappearances, stating such a report has not been mandated by the UNHRC. It also questioned the timing of the report on the eve of the May 18 end of the armed conflict with the LTTE in 2009. On Friday, the OHCHR issued a 45-page report titled Accountability for, more..

Presidential election on Oct 5 or 12

May 19 (ST) The prez election is set to be conducted on October 5 or 12. The Sunday Times learns that the Election Commission has had consultations on the possible dates for the conduct of the elections and considered the two days, which are Saturdays. Last week, the Election Commission, in an official statement, said that, in keeping with the provisions of the Constitution and the Presidential Election Act of 1981, prez election should be held between Sept 17 and Oct 16 this year. more..

Corporates await power wheeling process

May 19 (ST) SL companies are awaiting power wheeling modalities where an entity is allowed to use electricity supply from different locations using the existing grid for payment at low energy costs. This came after the cabinet approved a power wheeling facility that allows private entities to utilise the CEB transmission network to transport electricity to different locations for a fee. This new facility enables electricity consumers to construct renewable energy plants like mini-hydro more..

හිරු ටීවී පත්තරේ විස්තරේ

SL suffers over $138mn foreign outflow from govt bonds in 2024 after rate cuts

May 19 (EN) Foreign investors have dumped Rs. 41.6 bil ($138.6 mil) worth of SL govt securities in the first 20 weeks of 2024, after reduction in the key policy interest rates. The foreign holding in SL's treasury bills and treasury bonds fell to Rs. 75.9 bil on the week ended on Friday (17), May 2024, from Rs. 117.4 bil on the week ended on Dec 29. Central Bank rate has reduced the key policy rates by 50 basis points so far in 2024, extending the rates cut by 700 basis points since June last year. more..

Dengue cases pegged to surge, calls for clean surroundings

May 19 (DM) Despite a recent dip in infections, ongoing showers are likely to drive a rise in Dengue cases, health officials predicted. Dr. Sudath Samaraweera, the Director of the National Dengue Control Unit, said local authorities and health organizations continue to work tirelessly to combat the spread of Dengue. “Public awareness campaigns, mosquito control measures and prompt medical assistance for those affected remain key strategies in the battle against the disease,” more..

Proposed Economic Transformation Bill: Key bill under IMF prog. to Parliament on Wed

May 19 (TM) Govt is to present to Parliament on Wednesday (22) the proposed Economic Transformation Bill, which is yet another key piece of legislation under the ongoing programme with the IMF. The Sunday Morning, upon inquiry about the proposed Economic Transformation Bill from Govt sources, was told that it has been proposed that the Prez should, every five years commencing from 2025, ensure Cabinet of Ministers prepares more..

Sri Lanka mulls mandating prices for shopping bags in supermarkets

May 19 (EN) Sri Lanka may end the practice of supermarkets giving free shopping bags, as part of efforts to contain plastic use according to deliberations at a parliamentary committee following a supreme court decision. SL’s courts many years ago barred supermarkets from charging for plastic bags from customers after activists went to court. However a SC ruled in March this year to overturn that. The parliament Sectoral Oversight Committee on Environment, Natural Resources and more..

Less than 1% of children with disabilities qualify for A/L: DOJF

May 19 (CT) Highlighting an often-overlooked issue in society, Tikiri Jayawardena, Vice Prez of the DOJF, revealed that less than 1% of children with disabilities, who make up 10% of the total number of schoolchildren, qualify for A/L classes each year, after the O/L exam. He highlighted that the increasing failure rate in the O/L exam, a significant barrier for children with disabilities entering the job market, leaves these children in a particularly helpless situation. more..

Sunil Handunneththi

Turmoil over fake liquor sticker issue, action soon

May 19 (ST) Sri Lanka’s Govt Analyst is set to find out the similarity in paper used in printing counterfeit security tax stamps and the printing paper of fool proof liquor sticker with QR code for all liquor products, in the latest twist in the investigation into this racket. It has been recommended to terminate the agreement entered into with the Madras Security Printers Pvt Ltd if the Govt Analyst‘s report is proved that the fake security tax stamp is printed in the same paper used by more..

Arrest of 4 over War Dead Commemoration: SL authorities in Canada in dilemma

May 19 (DM) The recent arrest of four Tamils in the Eastern Province over the commemoration of war dead has left Sri Lankan diplomatic authorities in Canada in a precarious position in countering allegations regarding human rights violations, a top source said. Canada is home to around 240,000 Tamils of SL origin, lobbying against the alleged human rights violations during wartime. An informed source said the latest incident in the Eastern Province is raised in Canada by Tamil rights more..

Emergency meds purchases in 2022: Rs. 280 m spent on 10 non-essential meds

May 19 (TM) A cost of approximately Rs. 280 million is estimated to have been incurred to import 10 non-essential medicines from a company based in India in 2022, despite warnings of a health crisis in the face of shortages of essential medicines. An audit report on the procurement of medicines reveals that although two medicine lists (vital and essential) for a total of 325 medicines where stocks were available for less than 3 months more..

Herculean task for Sri Lanka at Asian Relays

May 19 (Island) SL are among the medal contenders in at least one event but qualifying for the Paris Olympics in relays will be a Herculean task for the islanders when they compete against Asia’s best at the 1st Asian Relays in Thailand on Monday and Tuesday. After 14 out of the 16 spots for Paris Olympics in every relay were secured by top teams at the World Relays in Bahamas it will be a tough task for any Asian team to grab the final two positions for the world showpiece event more..

SLTDA initiates provincial tourism units

May 19 (TM) SL Tourism Development Authority (SLTDA) plans to establish nine provincial tourism units as part of a tourism development plan aimed at catering to sustainable tourism development at the provincial level. SLTDA Chairman Priantha Fernando stated they were currently considering provincial tourism development which, once in place, would be taken up by provincial tourism units established under the tourism development plan. He revealed that although the provincial tourism units more..

Parents of children gone in SL's civil war have spent 15 years seeking answers

May 19 (AP) For 15 years, Rasalingam Thilakawathi has been trying to find out what happened to her daughter at the end of SL’s bloody civil war. Or if she might still be alive. The last evidence she has is a photo from a newspaper that shows her daughter, who was 19, sitting inside a bus along with others. The photo, according to the newspaper, shows captured Tamil Tiger fighters in the last stages of the war in May 2009. more..

Pathirana provides X-factor in SL’s World Cup campaign

May 19 (Island) Many are the SL players who have stamped their authority at big global tournaments over the years. From being little known players to the world, some of these individuals have gone on to become global superstars in just a fortnight’s time. The impact Sanath Jayasuriya had in the 1996 World Cup played a major part in SL’s triumphant campaign. Then there was Lasith Malinga, who turned the 2007 World Cup in the Caribbean upside down with his toe-crushing yorkers. more..

Sri Lankan bags top job in int'l boxing

May 19 (SO) An internationally renowned Sri Lankan boxing official Rukman Wekadapola has achieved the rare distinction of qualifying as an ITO (International Technical Official), R&J (Referee and Judge) Evaluator and R&J Instructor of the International Boxing Association (IBA). He is the first Sri Lankan to achieve this honour after successfully passing the course held in March in Assisi, Italy. He achieved the top position from among 17 candidates. more..