Author Archive for Business

Ajit Doval’s unfolding debacle in Sri Lanka

Monday, March 27th, 2017

By C. A. Chandraprema March 26, 2017, 6:50 pm The Indian press carried anxious commentaries about the recent visit of Chinese Defence Minister General Chang Wanquan to Sri Lanka. India Today observed that this visit took place amidst warnings issued by the Chinese media to the effect that Beijing will fight back if New Delhi […]

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Russia Offers to Set Up Helicopter Maintenance Center in Sri Lanka – Official

Friday, March 24th, 2017

Sputnik A deputy chief of Russia’s Federal Service for Military-Technical Cooperation said that Russia has proposed to set up a service center for Russian-made helicopters in Sri Lanka. © SPUTNIK/ MAKSIM BOGOVID Russia, Sri Lanka Discuss Delivery Contract of Gepard 3.9 Frigates LANGKAWI (Sputnik) – Russia has proposed to set up a service center for Russian-made helicopters in Sri […]

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Hambantota Port-Why it should not be sold or leased to foreign ownership

Friday, March 17th, 2017

Chamber of Young Lankan Entrepreneurs

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Sri Lanka urged to make concrete progress to regain GSP+

Tuesday, March 14th, 2017

By Yusuf Ariff Courtesy Adaderana The European Union (EU) has called on Sri Lanka to make ‘prompt and concrete’ progress in fulfilling international commitments on human rights and labour rights ahead of last phase talks on regaining GSP Plus from the EU. The second meeting of the Working Group on Governance, Rule of Law and Human […]

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Sri Lanka’s Debt Crisis Is So Bad The Government Doesn’t Even Know How Much Money It Owes

Tuesday, March 7th, 2017

Wade Shepard ,  CONTRIBUTOR Courtesy Forbes Trying to develop its infrastructure to increase its economic potential has plunged Sri Lanka deep into a pit of debt, pushing the country to the brink of bankruptcy and prompting an IMF bailout. The official estimate of what Sri Lanka currently owes its financiers is $64.9 billion — $8 billion of […]

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Shangrila-La investment a case in point, says GR Doing away with ‘red tape’ for the greater good

Sunday, March 5th, 2017

By Shamindra Ferdinando Courtesy The Island March 5, 2017, 10:04 pm Former Defence Secretary Gotabhaya Rajapaksa says that the country is suffering for want of what he calls workable formula to achieve post-war development objectives. Comparing the period in the aftermath of successful conclusion of the war in May 2009 with that under the current yahapalana administration, […]

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INTERNATIONAL EXPO ON TEA & COFFEE COMES BACK TO MUMBAI WITH BRAND NEW FEATURES FROM 16TH – 18TH NOV 2017

Wednesday, February 22nd, 2017

Press release – Global Expo on Tea & Coffee at Mumbai INDIA The vision of World Tea Coffee Expo Mumbai India is to expand the Indian Beverage business by providing all sourcing requirements under one roof Growing in size and stature every year, the 5th edition of World Tea Coffee Expo comes back to Mumbai […]

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China ‘Silk Road’ project in Sri Lanka delayed amid protests over scheme, sources say

Friday, February 17th, 2017

Courtesy South China Morning Post Beijing wants issues surrounding port and industrial zone scheme resolved before deal is finalised, according to sources familiar with the matter China will delay a planned US$1.1 billion investment in a port on its modern-day “Silk Road” until Sri Lanka clears legal and political obstacles to a related project, sources […]

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Sri Lanka to lose Google loon project

Friday, February 17th, 2017

Xinhua News COLOMBO, Feb. 16 (Xinhua) — Sri Lanka is to lose the Google Project Loon as the company was looking for other options, a minister said here on Thursday. Harin Fernando, Minister of Telecommunication and Digital Infrastructure, told a news conference that there was a delay on the part of the International Telecommunication Union […]

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Sri Lanka Aiming for China Trade Deal in 2017, Official Says

Thursday, February 9th, 2017

Courtesy International Centre for Trade and Sustainable Development Sri Lanka aims to finalise a free trade agreement (FTA) with China later this year, said the country’s ambassador to Beijing last weekend. The two Asian economies have been negotiating a trade deal since 2014. Sri Lankan ambassador Karunasena Kodituwakku also confirmed to journalists in the Chinese […]

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Blind activist humiliated at Colombo airport

Thursday, February 9th, 2017

Courtesy The Asian Age Goyal has said that the airport staff refused to help her and “advised” not to carry bags if she cannot handle them. Mumbai: Nidhi Goyal (31), a visually-impaired activist from Mumbai, has alleged that she was humiliated by the ground staff at Colombo airport for not being able to carry her […]

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Lanka worries about Indian ‘Trojan horse’

Thursday, February 9th, 2017

By P K Balachandran  Courtesy The New Indian Express For decades before and after Sri Lanka’s independence in 1948, India’s relations with the island nation were political and adversarial. But since the second half of the 1990s, there has been a gradual shift to trade, development assistance and investment, in that order. While India has been […]

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Sri Lanka, Israel discuss direct air links to increase tourism

Wednesday, February 8th, 2017

Source: Xinhua   2017-02-07 20:47:12 COLOMBO, Feb. 7 (Xinhua) — Sri Lanka and Israel have discussed the possibility of establishing direct air links to increase the number of tourist arrivals into the island nation, the Tourism Ministry said here Tuesday. Renewed efforts are being made to position Sri Lanka as an attractive destination for the outbound […]

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Xi affirms Sirisena of political trust

Wednesday, February 8th, 2017

IANS/Beijing Courtesy Gulf Times  Chinese President Xi Jinping yesterday told his Sri Lankan counterpart Maithripala Sirisena that he was “willing to work to consolidate political trust, expand mutually beneficial cooperation and deepen people-to-people friendship”. Xi and Sirisena yesterday exchanged congratulatory messages to mark the 60th anniversary of the establishment of diplomatic ties between the two nations, […]

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Sri Lanka eyes China free trade deal

Sunday, February 5th, 2017

Courtesy The Hindu Sri Lanka aims to finalise a free trade agreement with China this year and the country’s Prime Minister will visit Beijing in May, the Sri Lankan Ambassador said on Saturday, amid rising concern in the South Asian nation about Chinese investment. Hundreds of Sri Lankans clashed with police at the opening last […]

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Sri Lanka should immediately establish a Marine Science Research Station on Kachchativu

Wednesday, February 1st, 2017

Pathfinder Economic Flash Last month there were reports in the press that a group of Indian citizens was planning to raise their national flag on the island of Kachchativu to coincide with India’s Republic Day celebrated on 26 January.  That threat failed to materialize. February is an important month for another reason. Around that time […]

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මුදල් ගැන පමණක් හිතන  පාලකයන් නිසා සේවක ජීවිත අනතුරේ

Tuesday, January 31st, 2017

  වසන්ත සමරසිංහ අන්තර් සමාගම් සේවක සංගමය වෙනුවෙන්, පසුගිය ජනවාරි 28 වන දින බෝගල මිනිරන් පතල තුළදී සිදු වූ ජීවිත හානිය පිළිබඳව දැඩි කණගාටුව පලකරන අන්තර් සමාගම් සේවක සංගමය, පාලනාධිකාරිය විසින් සේවකයන් බිල්ලට දී තම ලාභය පමණක් අරමුනු කොට ගෙන සකස් කරන ලද වැඩ පිළිවෙලවල් තුලින් මෙම අවාසනාවන්ත මරණය සිදුවූ බවට ද ප‍්‍රකාශ කර සිටිමු. […]

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SAITM medical degree is lawful – Appellate Court

Tuesday, January 31st, 2017

Courtesy Adaderana The South Asian Institute of Technology and Medicine (SAITM) is legally eligible to issue medical degrees to the students, the Court of Appeal has ruled on Tuesday. The Appellate Court has also directed the Sri Lanka Medical Council (SLMC) to give provisional registration to medical students passing out from SAITM, Ada Derana reporter […]

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Court directs SLMC to register SAITM’s MBBS graduates

Tuesday, January 31st, 2017

S.S. Selvanayagam Courtesy The Daily Mirror  The Malambe Private Medical College better known as SAITM, hailed the Appeal Court ruling which allows the provisional registration of SAITM’s MBBS graduates. Chief Executive Officer Dr. Sameera Senaratne said in a statement that according to the laws of Sri Lanka, the Sri Lanka Medical Council (SLMC) was always obliged […]

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Never asked Sri Lanka to allow only Chinese enterprises in Hambantota Industrial Zone: China

Friday, January 27th, 2017

Courtesy Adaderana January 27, 2017  08:52 am China says it has never asked Sri Lanka to allow only Chinese enterprises to operate in the Hambantota Industrial Zone, a development project which had recently sparked protests in Sri Lanka. China’s Foreign Ministry Spokesperson Hua Chunying on Thursday said the agitation against the industrial zone is a result […]

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Former President Mahinda Rajapaksa says selling lands and ports to foreigners is a national betrayal

Friday, January 27th, 2017

By Yusuf Ariff Courtesy Adaderana January 27, 2017  08:01 pm Former President Mahinda Rajapaksa says that he left the Presidential Palace for Medamulana at 6.00am on January 09 with the intention of retiring and taking a small break at home but it was the people who told him “no you can’t retire, come back.” “But I would […]

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Mattala Airport in full throttle

Thursday, January 26th, 2017

Courtesy The Daily Mirror  Mattala Rajapaksa International Airport (MRIA), which was once dubbed as a ghost airport by both local and foreign commentators, has suddenly turned into life becoming one of the busiest airports in the world, due to the temporary closure of Bandaranaike International Airport (BIA) for the relaying of its decade-old runaway. With […]

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PM office sent COPE report to AG before Parliament approval – President

Thursday, January 26th, 2017

Courtesy Adaderana The COPE report on the Central Bank bond issue has already been sent to the AG by the Prime Minister’s Office before it was approved by Parliament yesterday, the President said. President Maithripala Sirisena made the observation while speaking at an event held at the Abeyaramaya temple in Narahenpita on Wednesday. “Then the […]

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Rajitha’s comments on Horana tyre factory incorrect – Malik

Thursday, January 26th, 2017

Courtesy Adaderana January 26, 2017  07:00 pm  Minister of Development Strategies and International Trade Malik Samarawickrama says that certain articles published on Horana Tyre Factory Project at Wagawaththa Industrial Zone are giving misleading information to the public. He further said that the statement made by co-cabinet spokesman Rajitha Senaratne on this issue is also incorrect. The […]

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Sri Lanka’s airline fails to get bids

Sunday, January 22nd, 2017

Courtesy The Peninsular Qatar’s Daily Newspaper Colombo: Sri Lanka has failed to attract bids from international airlines to privatise its loss-making flag carrier, but will continue its efforts to salvage the company, a minister said yesterday. The government received nine offers but none were from a major international airline operator, State Enterprise Development Minister Kabir […]

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Sri Lanka’s airline sell-off stalls

Sunday, January 22nd, 2017

Courtesy The Daily Star Sri Lanka has failed to attract bids from international airlines to privatise its loss-making flag carrier, but will continue its efforts to salvage the company, a minister said Friday. The government received nine offers for Sri Lankan but none were from a major international airline operator, State Enterprise Development Minister Kabir Hashim […]

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India Tells Sri Lanka: You Can Take Your Port And Shove It

Sunday, January 22nd, 2017

Wade Shepard ,  CONTRIBUTOR Courtesy Forbes.com Last Wednesday, January 18th, Sri Lanka’s minister for regional development, Sarath Fonseka, told journalists at a conference in New Delhi that terms were being discussed to give Sri Lanka’s northeastern Trincomalee port to India. Sri Lankan Prime Minister Ranil Wickremesinghe reportedly vouched for the veracity of the remarks on the […]

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Ratifying 27 int’l conventions the criteria for GSP+: EU

Wednesday, January 18th, 2017

Courtesy The Daily Mirror The European Union (EU) said today the ratification and implementation of 27 international conventions signed by the Sri Lankan Government was the only criteria to be considered when assessing Sri Lanka’s application to re-gain the GSP+ facility. Issuing a statement, the EU said these conventions were related to international human rights, […]

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Indian geo-politics cannot not be jeopardized: Lankan ex-Army chief Fonseka

Tuesday, January 17th, 2017

 Courtesy Asain News International Updated: Jan 17, 2017 21:54 IST New Delhi [India], Jan. 17(ANI): Allying all fears regarding Indian security concerns in Sri Lanka and the Indian Ocean, Sri Lankan military leader-turned-politician Field Marshal Sarath Fonseka on Tuesday sent a strong message that Indian security and geopolitics cannot be jeopardized, endorsing India as a […]

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LCC Chairman who blew the whistle sacked-Mega coal controversy

Tuesday, January 17th, 2017

by Shamindra Ferdinando Courtesy The Island Power Secy calls for scrapping of Lanka Coal Company   January 17, 2017, 9:34 pm Power and Renewable Energy Minister Ranjith Siyambalapitiya has removed attorney-at-law Maithri Gunaratne from the post of Chairman Lanka Coal Company (LCC) a week after the UNPer exposed sordid coal deals perpetrated at Sri Lanka’s expense. […]

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