Archive for March 2nd, 2023

A letter to the President from National Joint Committee

Thursday, March 2nd, 2023

Lt Col Anil Amarasekera. (Rtd.) Co-President National Joint Committee 01st March 2023. His Excellency, President Ranil Wickremasinghe, The Presidential Secretariat,Colombo 1. Your Excellency, You have made a public statement that you intend to fully implement the Thirteenth Amendment to the Constitution. The National Joint Committee (NJC) intends to caution you against implementing such a decision […]

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ARE THERE VALID REASONS TO FULLY IMPLEMENT THE 13TH AMENDMENT TO THE CONSTITUTION

Thursday, March 2nd, 2023

BY EDWARD THEOPHILUS Why a constitution needs a country may be a complex and broad question, but it involves many points to consider. The answer to this question would be analytical that should cogitate various points relating to modern democratic aspects which concern with rights and responsibilities of citizens. It invites views and discusses many […]

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Sri Lanka to build Nuclear Power Plants

Thursday, March 2nd, 2023

Aloysius Hettiarachchi It was announced that our country is to go for nuclear energy with the help of Russia according to a news item on Sirasa this evening.. As a country we always start late. Color TV was one. But then we do it in style. Radio Ceylon that captured the hearts of Indians was […]

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Understanding the Holy Grail of Western Technology – The Internet and the ‘Cloud’

Thursday, March 2nd, 2023

Aloysius Hettiarachchi The term ‘cloud’ in cyber space refers to a server farm in large box type buildings constructed in remote areas in the US or cold Western countries like UK, Iceland, Norway etc. Sometimes they immersed the servers in water to dissipate the heat they generate or send water through the servers to keep […]

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Temple of the Tooth-Relic- Kotte to be rebuilt.

Thursday, March 2nd, 2023

Prime Minister’s Media Unit The Temple of the Tooth –Relic which was built near the Palace of King Parakramabahu VI inthe kingdom of Kotte, had been ruined due to foreign invasions, relocation of the Relics and thusthe administration to Kandy.Reconstruction of the Temple of the Tooth Relic Kotte has been commenced with the patronageof Kotte […]

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Ven. Sannasgama Indrarathana Thero | උතුරේ දෙමළෙන් බණ කියන දකුණේ පොඩි හාමුදුරුවෝ

Thursday, March 2nd, 2023

උපුටා ගැන්ම දිවයින දමිළ භාෂාවයි සිංහලයි මට මගේ ඇස්දෙක වගේ ” தமிழ் மொழியும் சிங்கள மொழியும் எனக்கு இரு கன் போல

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Russia Ready to Bring Nuclear Power to Sri Lanka

Thursday, March 2nd, 2023

by Darrell Proctor Courtesy PowerMag Government officials in Sri Lanka said they will work with Russia to bring nuclear power to the country as part of its effort to increase the supply of electricity for the island nation. Professor S.R.D. Rosa, chairman of the Sri Lanka Atomic Energy Board, told local media the country is looking […]

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President highlights need for urgent transition towards green economy

Thursday, March 2nd, 2023

Courtesy Adaderana President Ranil Wickremesinghe has announced that a foundation is presently being established to advance Sri Lanka’s economy to a global level over the next five years by implementing green economic policies. The President made this statement while attending the ceremony held today (02 March) for the opening of Volta Auto Tec Engineering Private […]

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Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF Mission

Thursday, March 2nd, 2023

Courtesy Adaderana The International Monetary Fund (IMF) Mission to Sri Lanka has stated that the new tax reforms in Sri Lanka helps meet the objective of correcting the imbalance of tax revenue and expenditure.  Accordingly, they stated that the new tax rate schedule for the personal income tax helps meet this objective, adding that these […]

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World Bank to support Sri Lanka’s path towards ‘resilient’ recovery – VP

Thursday, March 2nd, 2023

Courtesy Adaderana World Bank Vice President for South Asia, Martin Raiser has reaffirmed the World Bank’s continued support to help navigate Sri Lanka’s navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery. During his four-day visit to the island nation, which concluded on 28 February, Raiser met with […]

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Pakistan, Sri Lanka to decide on key rates as IMF bailouts hang – report

Thursday, March 2nd, 2023

Courtesy Adaderana Borrowing costs hovering at two-decade highs to quell Asia’s fastest inflation rates will be in focus in Pakistan and Sri Lanka, as the crisis-gripped economies review monetary policy settings in decisions seen as key to winning multilateral bailout funds. The two monetary authorities are likely to take different tracks as price pressures have […]

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Rupee appreciates after almost a year into free float

Thursday, March 2nd, 2023

Courtesy Hiru News Spot rupee traded at Rs.356.75 – 357.75 yesterday– Deal with IFC, rising prospects for IMF relief and eased forex conversion rules reinvigorate sentiments– Inflows from remittances and tourism sector revival also add a fillip– Currency dealers observe forex supply outstripping demand as of late– Sri Lanka returning to economic normalcy after a […]

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China tells IMF willing to take constructive part in debt talks

Thursday, March 2nd, 2023

Courtesy Hiru News Chinese Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations in a constructive manner. China is willing to take part in resolving relevant countries debt issues, Li said in a phone call with IMF Managing Director […]

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Tourism Industry Thrives with Significant Increase in Tourist Arrivals

Thursday, March 2nd, 2023

Courtesy Hiru News Tourist arrivals for the second month in succession went pass the 100,000 market with February recording 107,639 arrivals. The January arrival figure was 102,545. This was 96,507 in February 2022 showing an increase of over 11% as against the second month of previous year. For the third successive month Russia became the […]

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