Courtesy The Daily News Richard Pieris & Company PLC plans to invest between Rs 15 to 20 billion in several unique projects in the next three years that will see electric cars, lithium batteries and Oud perfume manufactured in Sri Lanka. Dr. Sena Yaddehige, Chairman of Richard Pieris & Company PLC, said the group profit […]

Courtesy  Shanghai Daily CHINA has accounted for 35 percent of foreign direct investments into Sri Lanka up to September this year, with FDI for 2017 expected to total US$1.36 billion, local media said on Saturday. According to a statement from the Ministry of Development Strategies and International Trade, there has been a strong uptick” in […]

 By Nirmala Kannangara Courtesy The Daily Mirror Questions have been raised as to why the Ministry of Public Enterprise Development is silent over Litro Gas Lanka’s alleged failure to follow government procurement guidelines in the Liquid Petroleum Gas (LPG) purchase.  The Technical Evaluation Committee [TEC] appointed by the Department of Public Finance and Treasury to evaluate […]

 DAVID BREWSTER  Courtesy warontherocks.com  Editor’s Note: A version of this article was originally published by The Interpreter, which is published by the Lowy Institute, an independent, nonpartisan think tank based in Sydney. War on the Rocks is proud to be publishing select articles from The Interpreter. Geopolitical rivalry between big powers sometimes yields odd results. The latest development in growing strategic competition across […]

By Saman Indrajith Courtesy The Island A delay in developing the Colombo Port East Terminal had led to a loss of Rs 3.5 billion to the Sri Lanka Ports Authority (SLPA), Ports and Shipping Minister Mahinda Samarasinghe told parliament yesterday. Minister Samarasinghe revealed this, speaking at the committee stage debate on Budget 2018, when the Finance […]

Dr. Chandana Jayalath An e-book will soon be on the internet; titled Construction Corruption; at the Threshold of Human Misery. It is a self-publication since no publisher came forward to take the challenge of getting it to the public eye. Contents are rough simply because truth is bitter. We all know, and indeed experience, that […]

Dr. P. Attanayake. I am writing to bring up an important environmental issue related to Hambanthota Industrial Zone.  If this issue is not addressed now, it may result in serious ecological and human health problems in the near future. As we all know, foreign companies will be setting up industries in the newly created Industrial […]

PROF. O.A. ILEPERUMA Courtesy The Island November 14, 2017, 8:42 pm The letter by Fr. Augustine Fernando on “Corruption threatens all investments” (Island 3-11-2017) should be an eye opener to our President and the Prime Minister, as it gives vivid details of how corrupt ministers ruin our country. They only serve themselves rather than the people […]

Courtesy TheCattleSite News Desk SRI LANKA – US Department of Agriculture through the Food for Progress Program announced a new US$ 21 million project to help increase the productivity of Sri Lanka’s dairy sector, and connect thousands of Sri Lankan farmers to local and regional markets, Under Secretary for Political Affairs Thomas A. Shannon, Jr. […]

Dr Sarath Obeysekera SUPPLY OF  MOTHER VESSELS  TO COLLECT AND STORE THE FISH  CAUGHT BY THE MULTI DAY LONG LINE BOATS AND TRANSPORT TO SHORE IN SRI LANKA Purpose In the light of GSP concessions granted to Sri Lanka by European Union,Sri Lanka expects a boom in Fishing Industry .Therefore the country needs to improve […]

COLOMBO, Nov 10 (Reuters) – Sri Lankan shares fell on Friday, weighed down by declines in telecom and banking stocks after the island nation targeted both cash-rich sectors in its 2018 budget to boost revenue. Sri Lanka imposed new taxes on motor vehicles, telecoms, banks and liquor in a bid to boost revenues in its […]

 lanka C news 2001 දි පත්වු එක්සත් ජාතික පක්ෂ ආණ්ඩුවේ විදුලිබල හා බලශක්ති ඇමති කරු ජයසුරිය මහතායි. එවකට සිටි අගමැති රනිල් වික්‍රමසිංහ ප්‍රමුඛව ආණ්ඩුව ලංකා ඛනිජ තෙල් සංස්ථාවේ 20% කොටසක් 2002 දි ඉංදිය ඔයිල් සමාගමට වසර 35 සඳහා බදු දුන්නේ ය, අද එම ගිවිසුමේ ඇති අවාසි සහගත තත්ත්වය හමුවේ මෙරටේ ජනතාව විශාල ඉන්දන අර්බුදයකට මුහුණ […]

ඩී. ජේ. රාජකරුණා ලේකම්,ලංකා ඛනිජ තෙල් පොදු සේවක සංගමය ඛනිජ තෙල් සම්පත් සංවර්ධන අමාත්‍යතුමා, ඛනිජ තෙල් සම්පත් සංවර්ධන අමාත්‍යාංශය, ‘‘සිපෙට්කෝ හවුස්’’, දෙමටගොඩ. ගරු ඇමති තුමනි, රටතුල නිර්මාණය වී ඇති පෙට්‍රල් හිඟය පිළබඳවයි  මේ වනවිට රටේ බොහෝ ප්‍රදේශවල පිරවුම්හල් වල පෙට්‍රල් ඉන්ධන නොමැති වීම නිසා ජනතාව මහත් අපහසුතාවයට පත්ව ඇත. අප වෙත ලැබී ඇති තෝරතුරු අනුව මේ […]

මත්තල – දිලීප් එන්. ජයසේකර උපුටා ගැන්ම දිවයින රටට මේ වෙලාවේ නව ව්‍යවස්‌ථාවක්‌ අවශ්‍ය නොවන බව මල්වතු අස්‌ගිරි මහනාහිමිවරුන් ඇතුළු රටේ සමස්‌ත විද්වතුන්ම පවසද්දී එයට සවන් දීම රජයේ යුතුකමක්‌ බව හිටපු ජනාධිපති මහින්ද රාජපක්‌ෂ මහතා පැවසීය.    හිටපු ජනාධිපතිවරයා මේ බව පැවසුවේ තිස්‌සමහාරාම බෙරළිහෙළ කුඩාගම්මාන තුන ශ්‍රී සුදර්ශනාරාම විහාරස්‌ථානයේ පසුගිය දින (24 දා) පැවති ආගමික උත්සවයක්‌ […]

Sandun A Jayasekera Courtesy The Daily Mirror President Maithripala Sirisena has instructed the apex economic management body, the National Economic Commission (NEC) to renegotiate a dialogue with two international airlines in a bid to resuscitate the national carrier Sri Lankan Airlines (SLA) including the old partner Emirates and the latest rounds of talks have been satisfactory, […]

By Adela Lin and  Anusha Ondaatjie  Courtesy Bloomberg Sri Lankan police have arrested two people after a Taiwanese bank said hackers stole about $60 million and wired the cash to accounts in Asia and the U.S., the latest cyberheist to afflict the global financial system.   Far Eastern International Bank’s computer systems were attacked by malware that […]

By Namini Wijedasa Courtesy The Sunday Times (LK) Just three days after last year’s presidential election, someone predicted the Perpetual Treasuries Ltd (PTL) bond issue on an online website for stock market investors. The man wrote on Sri Lanka Equity Forum:Perpetual Treasuries owned by Free Lanka Capital Holdings owners will mostly get a large amount of […]

Xinhua COLOMBO — Over 200,000 Chinese tourists had arrived in Sri Lanka till September this year with over 18,000 arriving last month alone, statistics released by the Sri Lanka Tourism Ministry showed here Monday. Over 1.5 million tourists have arrived in the country so far this year with the government recently announcing they were expecting […]

livemint.com Sri Lanka’s opposition alliance spoke out against the proposed lease of an airport to an Indian firm, warning the government not to allow the country become a ‘pawn’ in international power politics. Colombo: Sri Lanka’s opposition alliance, led by former president Mahinda Rajapaksa’s son, on Monday opposed the proposed lease of an airport to an […]

Dr Sarath Obeysekera India’s largest airport developer and operator GMR Group is willing to convert Mattala Rajapaksa International Airport (MRIA) into a profitable venture, if a request comes from the Sri Lankan Government. It was reported in the local media in August that an Indian company has made a proposal to the Civil Aviation Minister […]

BY DR. PRASANNA COORAY Courtesy The Island October 8, 2017, 10:16 pm We, Sri Lankans, never learn from our past mistakes. After all, it is popularly said that Sri Lankans don’t remember “anything” for more than one week. Not many moons ago the Southern Expressway wreaked havoc by worsening the flood situation in the South. It […]

outandaboutlive.co.uk Worldwide Motorhoming Holidays by the Camping and Caravanning Club has announced a new escorted motorhome tour of Sri Lanka that kicks off in March 2018 Earlier this year, escorted tours of Japan and western Australia were introduced, adding to an already established list of worldwide motorhoming destinations. The new tours proved very popular, with […]

financialexpress.com British American Tobacco Plc’s unit in Sri Lanka says it’s poised to lose its dominant position in the market to leaf-rolled cigars made by small local rivals.  The gap between the price of cigarettes and beedis, cheap tobacco wrapped in a coarse leaf, has widened after the government raised excise duties and slapped a […]

AirCargo News Emirates SkyCargo has reported a boom in fish volumes from Sri Lanka to Europe after a ban on their export was lifted by Brussels last year. The airline said it is currently transporting about 100 tons of edible fish a week from Colombo to markets in Europe and the US. In the second half […]

BY TATIANA NENOVA Courtesy worldbank Sri Lanka experienced strong growth at the end of its 26-year conflict. This was to be expected as post-war reconstruction tends to bring new hope and energy to a country. And Sri Lanka has done well—5 percent growth is nothing to scoff at. A view of the business district in Colombo. […]

by Zacki Jabbar Courtesy The Island Development of the Hambantota Port was stuck at the Framework Agreement stage, says the Chinese Ambassador Yi Xianliang. Asked as to when development of the Hambantota Port would be completed, the Ambassador smiled and said in Colombo, last week “No progress.” When asked to explain what he meant, Yi said […]

Courtesy straitstimes.com COLOMBO • Sri Lanka is in talks with two Chinese companies about investing up to US$3 billion (S$4 billion) to build a new refinery at its Chinese-controlled port, a top government official has said. Sri Lanka wants to build a new refinery in its southern Hambantota port, where China Merchants Port Holdings (CMPH) […]

Yohan Perera Courtesy The Daily Mirror Parliamentary Committee on Public Enterprises (COPE) yesterday cautioned the government on large scale losses it could suffer if it failed to inform the relevant companies to stop the manufacture of the four A350 aircraft if the deal to lease them was to be cancelled. COPE Chairman Sunil Handunetti told Parliament […]

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 […]

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 […]