Author Archive for Business

Four top officials at loss-making SriLankan Airlines enjoy hefty monthly allowances

Thursday, September 14th, 2017

Keshala Dias Courtesy  Newsfirst.lk The national debt as of September 30, 2016 was Rs. 9,402 billion. While the debt burden of our nation increases on a daily basis, this burden has to be borne by the people of Sri Lanka. A major contributor to the country’s debt burden is the country’s national carrier, SriLankan Airlines, which is inefficiently […]

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YOU CAN’T JUDGE A BOOK BY ITS COVER

Thursday, September 14th, 2017

By Dr. Nalaka Godahewa Courtesy Ceylon Today “Sir, after all those contributions to the nation, how could you lose the election?” a very emotional senior citizen asked the former President Mahinda Rajapaksa at a public event in Kurunegala just a few days ago. Rajapaksa gave an interesting answer to the senior citizen, “After the war, we […]

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Blood, Money and Markets

Thursday, September 14th, 2017

by Padraig Colman Courtesy Ceylon Today Sri Lankans have grown cynical about the number of public commissions and inquiries which have failed to shed any light or improve anything. Perhaps Sri Lankan politicians have learned from their former colonial masters that a good way to defuse a controversy is to set up an inquiry to delay […]

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National interests over global interests Sisyphus, Cerberus and the new world order

Thursday, September 14th, 2017

with Ravi Ladduwahetty Courtesy Ceylon Today Indeed, Russia and the U.S. were allies during the two tragic conflicts of the two World Wars, which allows us to think there’s something objectively bringing us together in difficult times, and I think – I believe – it has to do with geopolitical interests and also has a moral […]

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Why Sri Lanka has the whole package: from history to Instagrammable beaches

Saturday, September 2nd, 2017

Courtesy Evening Standard Holiday company Thomson has now spread its wings as far as Sri Lanka, says Phil Clarke Sri Lanka is a medley of the Indian subcontinent’s greatest hits. History: tick. Tea plantations: tick. Religious monuments: tick. Jungle, crocodiles and elephants: tick, tick, tick. In an area the size of Ireland, ancient sites jostle with […]

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This new Sri Lankan food business is helping London immigrants lead better lives

Saturday, September 2nd, 2017

Rebecca Waymanon Courtesy  Bdaily.co.UK Sri Lankan food startup Papi’s Pickles has opened in London, and it’s working with women relocating to the UK who have been a victim of their country’s conflict. Set up in 2014 and founded by New Radicals winner Abi Ramanan, the company wants to make a difference whilst offering South Indian and […]

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Why did Sri Lanka seek Chinese investments in ports?

Wednesday, August 23rd, 2017

By Thilini Kahandawaarachchi Courtesy Ceylon Today During the last decade, China has heavily invested in ports across the world spanning from Africa to Australia. In South Asia, they built the Gwadar Port in Pakistan and the Hambantota Port in Sri Lanka. Despite being a staggering US$1.12 billion investment, tripartite agreement between Sri Lanka Ports Authority, China […]

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Perpetual Treasuries CEO questioned over Rs 712 million dividend

Friday, August 18th, 2017

Perpetual Treasuries CEO questioned over Rs 712 million dividend 

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බැසිල් සහ විජේදාස කියූ පරිදි හම්බන්තොට වරාය ශ්‍රේෂ්ඨාධිකරණ තීන්දුවකින් අනාගත ආණ්ඩුවට ලබාගැනිමට හැකිය.. මෙන්න පූර්වාදර්ශ..

Monday, August 14th, 2017

lanka C news පසුගිය දා සම්මුති ආණ්ඩුව විසින් චීනයට විකුණූ හම්බන්තොට වරාය මහින්ද රාජපක්ෂ ආණ්ඩුවක් යටතේ නැවත පවරාගෙන එය ජනතාව සතු කරන බව හිටපු ආර්ථික සංවර්ධන අමාත්‍ය බැසිල් රාජපක්ෂ මහතා පැවසිය. එමෙන්ම මේ සතියේ ඉරිදා ලංකාදීප සමඟ සම්මුඛ සාකච්ඡාවකට සහභාගි වෙමින් වත්මන් ආණ්ඩුවේ අධිකරණ හා බුද්ධශාසන අමාත්‍ය ආචාර්ය විජේදාස රාජපක්ෂ මහතා ද ඒ ප්‍රකාශය සනාථ […]

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Saving us from plastic, one plate at a time

Monday, August 14th, 2017

 By Kalani Kumarasinghe Courtesy The Daily Mirror Disposable cutlery and containers are products that are a part of our day to day life. As a result of the ever-increasing number of food vendors in Colombo and the suburbs, plastic cups, plates and cutlery that are hardly used are seen tossed into bins regularly. Dinnerware made from areca […]

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SriLankan Airlines launches new direct service from Melbourne to the Colombo, Sri Lanka

Tuesday, August 8th, 2017

Traveller Australians can link Sri Lanka and the Maldives on a one-stop, sun-and-snorkel holiday when SriLankan Airlines launches its new direct services from Melbourne to the Sri Lankan capital, Colombo, on October 29. The daily service will run an A330-200 on the 10-hour, 50-minute flight to Colombo, bypassing the traditional stopover hubs of Singapore and […]

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Dead blue sea for Tamil Nadu fishermen as Lanka rolls out new legislation

Monday, August 7th, 2017

Courtesy The New Indian Express Aug 06 (NIE) TIRUCHY/NAGAPATTINAM- Bullets have failed to stop them, but a new bill adopted by the Sri Lankan parliament could. After going through phases of conflict and relative peace, the troubled life of fishermen from Tamil Nadu has entered new waters, thanks to the Sri Lankan Fisheries and the […]

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GOVT HAS SELECTED WRONG CHINESE COMPANY!

Sunday, August 6th, 2017

BY RAVI LADDUWAHETTY Courtesy Ceylon Today Former President Mahinda Rajapaksa,in a special interview with Ceylon Today Sunday Edition, alleged that the Unity Government has accepted the bid from China Merchant Port Holdings Ltd, been accepted in a backdrop where the other company China Harbour Co. Ltd which had submitted the bid in a much more favourable […]

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Norwegian expert submits interim report on Uma Oya Project

Saturday, August 5th, 2017

Norwegian expert submits interim report on Uma Oya Project

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Why Sri Lanka is struggling to trade

Thursday, August 3rd, 2017

By: Amitendu Palit Courtesy  Financial Express The Country is hobbled by the fear that trade agreements will mean much greater access for trade partners to its market than it will get to theirs in the bargain. The South Asian region’s struggle to reconcile benefits of a progressive trade policy with the arguably detrimental effects that such a […]

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All you need to know about Sri Lanka’s bottom trawling ban and India’s deep-sea fishing plan

Tuesday, August 1st, 2017

Hindu Mon, Jul 31, 2017 July 31 (Hindu) Here’s an explainer on bottom trawling and deep-sea fishing, and the impact of the ban on fishermen from Tamil Nadu. The Sri Lankan Parliament unanimously passed an Amendment to the Fisheries and Aquatic Resources Act on July 6 that declared the method of fishing by bottom trawling […]

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මෙහෙම රට පාවාදෙන්න බෑ.. හම්බන්තොට වරාය චීනයට දීම ගැන ඇමති විජේදාස පාර්ලිමේන්තුවම හොල්ලයි.. ආණ්ඩුව තක්කු මුක්කු වෙයි..

Monday, July 31st, 2017

lanka C news හම්බන්තොට වරාය චීනයට පැවරීම සම්බන්ධයෙන් දැඩිව විරෝධය පල කරමින් එම ගිවිසුමද දැඩිව විවේචනයට ලක් කරමින් අධිකරණ හා බුද්ධශාසන ඇමති විජේදාස රාජපක්‍ෂ මහතා පාර්ලිමේන්තුවේදී වේගවත් අදහස් දැක්වීමක් කලේය. 29,296 Viewers

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China to help SL produce thin-film solar cells

Sunday, July 30th, 2017

Sandun A Jayasekera Courtesy The Daily Mirror Sri Lanka will be soon producing thin-film solar cells on a commercial basis with technological cooperation from China as a means of popularising the use of solar panels for domestic power generation, Science, Technology and Research Minister Susil Premajayantha said. He said a number of young technicians were being […]

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ණය ගෙවන්න වරාය විකිණීමේ බොරුව සහ ඇත්ත  ණය ගෙවන්න වරාය විකිණීමේ බොරුව සහ ඇත්ත යථාර්තය..!!!

Sunday, July 30th, 2017

ශ්‍රී ලංකා වරාය අධිකාරියේ ඉංජිනේරු සහ විධායක නිලධාරී සංගම් 4ක් ඒකාබද්ධව නිකුත්කල මාධ්‍ය නිවේදනයක් 2016 වසරේ ශ්‍රී ලංකා වරාය අධිකාරිය උපයන සමස්ථ ආදායම රුපියල් බිලියන 44 කි.. ඒ ආදායමෙන් මෙහෙයුම් වියදම්, පරිපාලන වියදම්, ”ණය පොලිය” සහ වෙනත් වියදම් අඩු කිරීමෙන් පසුව පසුගිය 2016 වසරේ ශ්‍රී ලංකා වරාය අධිකාරියේ ශුද්ධ ලාභය රුපියල් බිලියන 11 කි (රුපියල් […]

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India’s position as China takes Hambantota port

Saturday, July 29th, 2017

by C.A.Chandraprema  Courtesy The Island July 29, 2017, 7:13 pm The signing of the Agreement with China Merchant Co to lease out the Hambantota port for 99 years went ahead on Saturday as scheduled. This announcement took place in the context of rumours that were swirling around that India had brought pressure on Sri Lanka to […]

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Sri Lanka agrees on port deal with China

Thursday, July 27th, 2017

Courtesy Port Strategy 27 Jul 2017  The cabinet of Sri Lanka has cleared a revised deal for its Chinese-built port of Hambantota following public anger towards terms of the first pact. According to Reuters, under the new agreement cleared on July 25, the Sri Lankan government has limited China’s role in the port to the running […]

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Belt and Road Initiative will attract more FDI into Sri Lanka: Experts

Thursday, July 27th, 2017

Xinhua |  COLOMBO — Sri Lanka’s participation in China-proposed Belt and Road Initiative will boost the country’s economy and help it attract more foreign direct investment (FDI), participants of the “Sri Lanka Economic Summit 2017” have said. Speaking at the gathering here on Wednesday, Jim McCabe, chief executive officer of Standard Chartered Bank, Sri Lanka […]

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China Buys Up Strategic Sri Lankan Seaport As The Maritime Silk Road Sails On

Thursday, July 27th, 2017

Wade Shepard ,  CONTRIBUTOR Courtesy Forbes February 10, 2015, a Sri Lankan official looks at cars standing at the port facility at Hambantota. From a multi-million dollar airport ignored by airlines to a lavish cricket stadium rejected by players, Sri Lanka’s new government is mulling the future of a string of white elephants. LAKRUWAN WANNIARACHCHI/AFP/Getty Images A […]

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Sri Lanka limits China’s role to pacify India

Thursday, July 27th, 2017

Courtesy The Asian Age Beijing has the potential to exploit the situation and steamroller its way in dealing with Colombo through a mix of carrot and stick. The Chinese-built southern Sri Lankan port of Hambantota, strategically located on the world’s busiest sea lanes in the Indian Ocean, has woken up the somnambulists in India as […]

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Qatar Airways boosts Colombo service

Thursday, July 27th, 2017

The Peninsula Qatar Airways has announced it will introduce a fourth daily non-stop service from Doha to Colombo from  August 1, 2017. In addition two of the four daily flights will be serviced by the B777-300ER aircraft to accommodate the increased travel demand to and from Sri Lanka. The increased frequency will boost overall capacity […]

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Sri Lanka’s Cabinet “clears port deal” after security concerns addressed

Wednesday, July 26th, 2017

Courtesy The Business Times Sri Lanka’s cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, the government said, after terms of the first pact sparked widespread public anger in the island nation. The port, close to the world’s busiest shipping lanes, has been mired in controversy ever since state-run China […]

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එට්කා- නෑයෙක්ද? ආක‍්‍රමණිකයෙක්ද?”

Monday, July 24th, 2017

තොරතුරු තාක්ෂණ වෘත්තීයවේදීන්ගේ සංසදයේ සභාපති කපිල පෙරේරා සහ එම සංසදයේ ලේකම් ලසන්ත වික‍්‍රමසිංහ විසින් රචිත ” එට්කා- නෑයෙක්ද? ආක‍්‍රමණිකයෙක්ද?” කෘතිය ජාත්‍යන්තර වෙළඳාම පිළිබඳව ජාතික ප‍්‍රතිපත්තියක් සම්පාදනය සඳහා වු මහජන කොමිෂන් සභාවේ සභාපති, කොළඹ විශ්ව විද්‍යාලයේ හිටපු උපකුලපති මහාචාර්ය ඩබ්. ඞී. ලක්ෂ්මන් මහතා වෙත කපිල පෙරේරා මහතා අතින් පිළිගන්වන අවස්තාව ඡුායා රුපයේ දැක්වේ. තොරතුරු තාක්ෂණ වෘත්තීයවේදීන්ගේ […]

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As Vietnamese imports flood market, domestic pepper growers threaten to abandon cultivation

Thursday, July 20th, 2017

GK NAIR Courtesy The Hindu KOCHI, JULY 17:   As cheaper pepper from Vietnam continues to flood the Indian market through Sri Lanka, taking advantage of the lower duty structure under SAFTA (South Asian Free Trade Area), growers here have threatened to abandon the cultivation of the spices crop. Growers and traders from the key producing States […]

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CB Bond Probe Strangles Arjun Aloysius

Thursday, July 20th, 2017

BY KAMAL MAHENDRE WEERARATNE Courtesy Ceylon Today Aruna Benedict Dias, Deputy General Manager of the Treasury Department (bond transactions) of the Pan Asia Bank, told the Presidential Commission probing controversial Treasury Bond issues at yesterday’s hearings that Arjun Aloysius “begged me to help him when giving evidence before the Presidential Commission since the following fortnight would […]

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Dr. Neville Fernando to settle all loans in 10 years

Wednesday, July 19th, 2017

Courtesy The Daily Mirror The South-Asian Institute for Technology and Medicine (SAITM) today said that as per the Cabinet Memorandum approved by the Cabinet, the mortgage rights of the Dr. Neville Fernando Teaching Hospital (NFTH) will remain with the Bank of Ceylon (BoC) until such time all loans are repaid by SAITM within the next […]

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