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පුංචි ඡන්ද අපේක්ෂකයන්ට කරදරද?

Telecom Act amendments don’t address the future: Are they at least fixing flaws...

May 16 (FT) The country is changing. Apartments and condominiums are popping up everywhere. Technology and markets are changing. Navigating the streets without Google maps seems unthinkable. Data consumed in a month 25 years ago is now consumed in a few hours. The world is changing. Stories about vehicles that are communicating our braking patterns back to the manufacturer and insurance companies do not seem like science fiction, though we know our cars more..

Change, not continuity is imperative for consensus, stability and recovery

May 16 (FT) Basil Rajapaksa’s idea of a snap Parliamentary election proceeds from the ruling party’s viewpoint that it has a better chance of survival while its partner Ranil holds office and controls the administration. There is no guarantee though, that if and when that Parliamentary election is held, Ranil won’t tell the country “Ok, now you’ve had your election for this year”, and press pause on the scheduled Prez election. That is almost exactly what happened in 1982. more..

MPs seek their Rs. 1 mil insurance coverage to extended to include family...

May 16 (DM) Following the approval of concessionary vehicle permits, the MPs across the political divide have asked for the extension of their one -million rupee insurance coverage to include their family members, a top source said yesterday. At the House Committee meeting held last Friday, MPs have asked for this benefit while insisting for concessionary vehicle permits for the second time. Currently, premium for MPs’ insurance more..

Top US diplomat urges functional truth-reconciliation programme

May 16 (TM) US Assistant Secretary of State for South and Central Asian Affairs, Donald Lu said that it is important that Sri Lanka must have a functional truth and reconciliation programme in place. He also mentioned that it is expected from the leaders emerging from the upcoming Elections to make it a reality. He said that the US is ready to be a developing partner. Furthermore, Lu stated that the US encourages Sri Lanka to continue in the strengthening of bilateral relationships. more..

Two additional marks will be given for O/L Science MCQ paper: Exams Chief

May 16 (DM) Examinations Commissioner General Amith Jayasundara said that it has been decided to award one mark each for questions No. 9 and 39 of the GCE O/L Exam 2023 (2024), Science Paper 1 following complaints received. He was addressing the media at the Examinations Dept yesterday. The analysing panel has decided to offer two marks for two questions of Multiple Choice Question (MCQ) paper of Science Paper 1 of the G.C.E O/L Exam, which concluded yesterday. more..

Drafting new NGO law: NGOs Secretariat denies US involvement, only feedback

May 16 (TM) In response to claims that the United States’ (US) State Department is seeking to get involved in the process of the drafting of the new law concerning NGO, the National Secretariat for NGOs stressed that there is no such involvement, and that the US has merely provided its feedback regarding the law. Secretariat’s Director General (DG), Sanjeewa Wimalagunarathna, explained: more..

'Sri Lanka plans small arms ammo factory'

May 16 (DM) State Minister Premitha Bandara Tennakoon announced that SL is in the process of establishing a small arms ammunition manufacturing unit within the country. He said, “We are in discussion with India to set up a small arms manufacturing unit.” “What you have to understand is the Indian defence manufacturing arm has boomed during the last two decades. It is a model that we have to look into. We can take a lot from Indian model and nothing wrong in learning more..

SL scripts Volleyball history with Iran upset

May 16 (DN) The Sri Lanka men’s volleyball team made history by sweeping past Iran in a decisive 3-0 victory at the on-going CAVA Nations League Volleyball Tournament in Islamabad, Pakistan yesterday. This landmark win marks the first time Sri Lanka has ever defeated Iran in international competition. Iran, a powerhouse in the volleyball world with a world ranking of 15, is known for its formidable presence on the court and regular appearances in the World Cup. more..

හිරු ටීවී පත්තරේ විස්තරේ

Lankan writer’s novel wins 2024 Carol Shields Prize for Fiction

May 16 (Island) Lankan writer VV Sugi Ganeshananthan’s novel Brotherless Night has won the 2024 Carol Shields Prize for Fiction. She was awarded a cash prize of $150,000. All the shortlisted authors were also awarded an additional $12,500. This is the richest English-language literary prize in the world for women and non-binary authors. The other four shortlisted authors were: Eleanor Catton for Birnam Wood, Claudia Dey for Daughter, Kim Coleman Foote for Coleman Hill and more..

Rupee expected to dip to Rs.310-320 range later this year: FCR

May 16 (DM) Sri Lankan rupee is likely to depreciate in the range of Rs.310-320 against the US dollar in the latter part of the year, First Capital Research (FCR) said. This will be driven by the heightened demand for imports and restart of foreign loan repayments upon completion of the External Debt Restructuring (EDR). The rupee is expected to appreciate up to Rs.295 in the first half of the year, as the higher taxes eat into the rising consumer demand in the short term, more..

Visa meeting absences: COPF Chair to take up privilege issue with Speaker

May 16 (TM) The Chairperson of the COPF Dr. Harsha de Silva is to take up the non-appearance of officials summoned from the Public Security Ministry and the Immigration and Emigration Department before the COPF on Tuesday, with the Speaker of the House as a privileges related issue. “I am taking this issue up with the Speaker as a privilege matter on 22 May when we meet. I have already lodged a complaint,” Dr. de Silva said. more..

Tharushi pulls out from Asian Relays

May 16 (Island) Asian Games gold medallist Tharushi Karunaratne has pulled out from the Asian Relays which is set to take place in Bangkok next week. She has cited medical reasons for her decision according to sources. Tharushi has informed Sri Lanka Athletics of her unavailability hot on the heels of her pulling out from the 800 metres at the Kinami Michitaka Memorial Athletics Meet, a World Athletics Continental Tour Bronze event in Osaka, Japan last Sunday. more..

TT ace Bimandee fails in Olympic bid

May 16 (DN) National Table Tennis champion Bimandee Bandara missed her final chance to qualify for the Paris Olympics after losing to Maldives opponent Fathimath Ali at the South Asian Olympic qualification event in Kathmandu. The champions of the men’s and women’s singles at this event would qualify for the Olympics. SL’s Bimandee Bandara, a 19-year-old paddler from Hillwood College, reached the final but lost in a hard-fought 5-set match to Maldivian paddler Fathimath Ali, more..

පොහොට්ටුවේ කුමන්ත්‍රණය

Colombo stock market sees 2024’s highest single day net foreign buying of Rs. 772 m

May 16 (FT) Colombo stock market yesterday saw the highest single day net foreign buying for the year thanks to strategic deals on Amebeon Capital, though local investor sentiment was mixed. The active S&P SL20 index was down by 0.94% and ASPI was down 0.55%. Turnover was Rs. 3.2 billion involving 152.2 million shares. Foreign investors turned net buyers, recording a net inflow of Rs. 772.1 million whereas until yesterday, the market had seen net selling of over Rs. 900m in May. more..

Fairway Colombo wins Best City Business Hotel in Sri Lanka award

May 16 (FT) Fairway Colombo, nestled in the vibrant heart of Sri Lanka’s capital city, said it has secured the coveted title of Best City Business Hotel in Sri Lanka at the prestigious Global Brand Magazine Awards held at The Athenee Hotel Bangkok, Thailand on 4 May. It said this accolade stands as a testament to Fairway Colombo’s unwavering dedication to providing unparalleled service and luxury within Colombo’s dynamic business landscape. more..

'Govt won’t heed demand for severing diplomatic ties with Israel, halt sending...'

May 16 (Island) Minister Manusha Nanayakkara said Sri Lanka wouldn’t under any circumstances stop sending workers to Israel. Minister was responding to SJB demand that the Wickremesinghe-Rajapaksa govt sever diplomatic ties with the Jewish State and halt sending workers in order to condemn the ongoing military operations in Gaza. Referring to the statements that had been made in Parliament more..

HNB Group posts Rs. 11.2 b PBT in 1Q

May 16 (FT) Hatton National Bank (HNB) said it has recorded a Profit Before Tax (PBT) of Rs. 9.8 billion during the first quarter of 2024 while Profit After Tax (PAT) amounted to Rs. 6.2 billion. At Group level, PBT and PAT were at Rs. 11.2 billion and Rs. 7.4 billion, respectively. Substantial monetary policy loosening adopted by the Central Bank of SL to revive the economy, resulted in a drop in AWPLR by 50% from 21.40% to 10.69% during the 12-month period up to March 2024. more..

Sampath Bank posts steady results in 1Q

May 16 (FT) Sampath Bank said yesterday it posted a profit before tax (PBT) of Rs. 6.2 billion and a profit after tax (PAT) of Rs. 3.4 billion for the three months ended 31 March 2024, notwithstanding an exchange loss of Rs. 4.3 billion due to the appreciation of the LKR against the USD by Rs. 23.70. These figures signify growth rates of 39.1% and 27.8% respectively, in comparison to the financial results reported in the first quarter of 2023, said Sampath Bank in a statement. more..

SJB opposes ISB proposals, warns of dangers of lack of discourse

May 16 (FT) SJB expressed its opposition to the proposal put forth by external bondholders last month, and stated there must be comparability between domestic debt restructuring (DDR) and the haircut for international creditors. SJB MP Dr. Harsha De Silva, said USD-based haircut that comes into place is just 7% and is grossly inadequate in comparison to up to 30% during DDR. De Silva lamented the lack of discourse more..

Top Chinese garment delegation explores collaboration opportunities in Sri Lanka

May 16 (FT) A high-profile delegation comprising 30 members of the China National Garment Association (CNGA) embarked on a mission to explore business prospects and strengthen ties with Sri Lanka’s apparel industry. Led by Ningbo Garment Association Executive Vice President Xie Qing and Vice President/Secretary General Mao Yihua, the delegation engaged in a series of strategic meetings and engagements aimed at fostering collaboration and investment opportunities. more..

Campaign to clear traffic light areas of beggars sees results, says CMC official

May 16 (ST) The campaign by Traffic Police and the Colombo Municipal Council to clear busy intersections of beggars seen near traffic lights has seen a drop in their numbers. CMC’s Traffic Design and Road Safety Deputy Director, Manjula Kularathna, said the campaign was aimed at warning the public not to entertain begging near traffic lights. “Most drivers are unaware that taking their hands off the steering wheel is a punishable offence,” he said. more..

ඔව් මම රුසියාවේ ඔත්තුකරුවෙක්...

Editorial: Vroom mania

May 16 (Island) Parliament of Sri Lanka can hardly have a sitting without its members resorting to slanging matches and even coming to blows. They seldom see eye to eye on anything of national importance. But they readily sink their differences and work as one to further their own interests and safeguard their privileges. The government has reportedly decided to grant the MPs duty-free vehicle permits (DFVPs) while the people are struggling to meet their basic needs. more..

BOC ups 1Q PBT by 180% to Rs. 9.3 b

May 16 (FT) Bank of Ceylon said during the first quarter of 2024 it demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. BOC said as favourable conditions emerge, SL economy is expected to achieve moderate growth in 2024, signalling a pathway towards economic stabilisation after setbacks experienced in previous years. more..

Serious concern over 40,000 quacks

May 16 (ST) They are privy not only to our health needs but also our social and psychological status. They stand by us in times of joy and times of sorrow. They are the specialist General Practitioners (GPs) or Family Physicians who know about each and every member of the family and are closest to the people. On the evening of Saturday (4), they were gathered in full strength for a grand double celebration in Colombo more..

Would it be possible to postpone Prez Poll?

May 16 (TM) Uncertainties about conducting elections in SL emerge from time to time. The rulers who were in power and are in power, changing the electoral map for their survival, disregarding the democratic rights of the people, has been the main reason for that. It is not surprising that the majority of the people of this country have doubts and apprehensions about the holding of elections on scheduled dates due to several experiences that they have encountered in the past, more..

Brain drain dilemma: A critical examination

May 16 (Island) Brain drain generally means skilled workers moving from developing to developed countries for better opportunities. While it offers personal benefits, it raises concerns about the impact on countries losing talent. This analysis will explore whether brain drain is a problem or potentially advantageous. Brain drain can be seen as a natural consequence of globalization, where skilled individuals seek opportunities in countries with better economic prospects, more..

භික්ෂූන් 2000ක් අතුරදන්...!

Prosecuting crimes requires a system change

May 16 (GV) In the context of SL, a crucial question arises: does the country possess the capability to effectively prosecute crimes? This question can be raised for numerous reasons. However, even before delving into these underlying issues, one glaring reality has become evident in recent years: a perceived lack of commitment on the part of the state to fulfil its obligation and utilize its power to prosecute crimes regardless of any hindrances. This observation is widely shared among public, more..

A call to Comrade Anura Kumara Dissanayake: Time to reflect & adapt

May 16 (CT) Dear Comrade, I write these words with a sense of urgency and anticipation, believing that the time has come to reflect and adapt. The seeds you sow knowingly or unknowingly have reaped a bitter harvest of division and discontent among the people of our Nation. Your brand of politics has had a lasting impact on our society, characterized by its bitterness and divisiveness. From the turbulent events of 71 to the unrest of 88 and 89, the scars of past conflicts continue to haunt us. more..

Pharmaceutical purchasing: Essential medicines list under revision

May 16 (TM) Sri Lanka’s healthcare landscape is facing significant scrutiny as the nation’s essential medicines list undergoes revision by a committee appointed by NMRA. NMRA Chairman Dr. Ananda Wijewickrama emphasised on the collaborative nature of this process, guided by a committee of experts and driven by consensus-building. “I can’t say precisely what will be added and what will be removed because more..

Critical need for proper infrastructure in medical education

May 16 (CT) The importance of infrastructure in medical education cannot be overstated. Medical Faculty of Sabaragamuwa struggled to provide sufficient clinical training for its final-year students last year due to infrastructure deficiencies. Now, Moratuwa Medical Faculty faces a similar predicament. This ongoing issue highlights a critical gap in our educational system that needs urgent attention. Last week, the COPE discussed the infrastructure challenges faced by more..

No national agenda in sight

May 16 (TM) As Sri Lanka nears its first election, while still knee-deep in the worst economic crisis in history, one would expect the national leadership to have got its priorities right. But we are not known as the land like no other for nothing. After all the trials and hardships Sri Lankan politicians have witnessed the masses endure over the last several years, it is increasingly looking like – ‘Business as usual’ ahead of the election period. This, despite the need for significant reforms, and changes – more..