Author Archive for Business

ETCA මගින් ලංකාව හින්දු රාජ්‍යයක් වන හැටි ඇමරිකාවේ ප‍්‍රධාන සංඝනායක හිමියෝ දෑසින් දැක ලියති..

Thursday, October 13th, 2016

ලංකා සී නිවුස් ඉන්දීයාව එට්කා” ගිවිසුමට එලබ ඇත්තේ ලංකාවට ඇති ආදරයට නොව කෑදර කමට බව ඕනම සමාන්‍ය බුද්ධියක් ඇති කෙනෙකුට වුව පැහැදිලිවේ මෙතුවක් කල් අපි අසැල්වැසි ඉන්දියාව අභිමුව සෑහෙන පමණ ස්වෛරීභාවයක් පවත්වාගෙන යන්නට සමත් වුනෙමු. එය තවදුරත් එසේමද යන්න වර්තමානයේ අපි ඉදිරියේ ඇති ප්‍රස්නාර්ථයකි. එට්කා ගිවිසුම් ප්‍රකාර වගන්ති හා ඉන්දීයාව සීකිම් රටේය සමඟ එලබුන ගිවිසුමේ ඇති […]

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Lankan Scientists to present evidence before Hague court

Wednesday, October 12th, 2016

Lankan Scientists to present evidence before Hague court ග්ලයිපොසෙට් තහනම ඉවත් කරන්න ඉල්ලන උගතුන්ට දුන්නු පිළිතුරක් ලෙස වෛද්‍ය චන්න ජයසුමන කළ අභියෝගය

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GLOBAL EXPO ON TEA & COFFEE COMES BACK TO MUMBAI FOR 4TH TIME IN A ROW

Wednesday, October 12th, 2016

PRESS RELEASE Pavilions from Sri Lanka Tea Board and Tea Board of India to be an integral part of this niche event being held from 20th – 22nd Oct 2016 at Bombay exhibition centre, Goregaon East, Mumbai 2-day Hi Level Conference plus Workshops on last day to determine trends, address issues related to the sector […]

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Some frightening numbers

Sunday, October 9th, 2016

Editorial Courtesy The Island October 8, 2016, 7:14 pm Last week’s newspapers were crowded with reports on the mind-boggling penalties loss-loaded SriLankan Airlines will pay for the cancellation of the leases of four Airbus A350 aircraft. An AFP report we run today quoted official sources placing the figure at around US dollars 115 million. This obviously […]

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එට්‌කා ගැන නොසිතන, නොදකින, නොඅසන දේ 

Sunday, October 9th, 2016

වෛද්‍ය කේ.එම්. වසන්ත බණ්‌ඩාර පසුගිය වසර 13ක කාලයක්‌ තිස්‌සේ අප රටේ රජයන් දෙකක්‌ යටතේ විවිධ විද්වත්හු ඉන්දියාව සහ ශ්‍රී ලංකාව අතර අත්සන් කිරීමට නියමිත සේවා ආශ්‍රිත වෙළෙඳ ගිවිසුමේ වැදගත්කම පිළිබඳ විවිධ තර්ක ඉදිරිපත් කරති. මහින්ද රාජපක්‍ෂ රජය යටතේ එම ගිවිසුම නම් කරනු ලැබුවේ ‘සීපා’ හෙවත් විස්‌තීර්ණ ආර්ථික සහයෝගීතා ගිවිසුම ලෙසයි. පසුව නව රජය විසින් සීපා […]

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SLAF makes a killing flying politicians Peace-time operations

Friday, October 7th, 2016

By Saman Indrajith Courtesy The Island October 6, 2016, 10:11 pm Parliament was informed yesterday that the Prime Minister’s office had hired helicopters and other aircraft from January 10, 2015 to April 30 2016 at a cost of Rs. 123 million. This was revealed by a statement tabled by the state Minister of Defence Ruwan Wijewardene […]

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Sri Lanka accedes to the Marrakesh Treaty to increase access to books, magazines and other printed materials for persons with print disabilities

Wednesday, October 5th, 2016

Permanent Mission of Sri Lanka to the UN, Geneva Sri Lanka on Wednesday ( 5 October 2016) became the 24th country to accede to the Marrakesh Treaty to Facilitate Access to Published Works for Persons Who Are Blind, Visually Impaired or Otherwise Print Disabled.  Sri Lanka’s Permanent Representative to the UN in Geneva Ambassador Ravinatha Aryasinha, […]

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EU links human rights to trade: 58 conditions for GSP Plus

Monday, October 3rd, 2016

By Our Diplomatic Editor Courtesy Sunday Times Sunday, May 08, 2016 Human Rights Action Plan etc. called for; talks in Brussels next week In its haste to regain the GSP Plus facility, the Ministry of Foreign Affairs has agreed with the European Union (EU) to implement a sprawling list of 58 conditions linking human rights, national security […]

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Sri Lanka to relax glyphosate weedicide ban: report

Tuesday, September 20th, 2016

Courtesy ECONOMYNEXT – A ban on glyphosate, a widely used weedicide, imposed on the belief that it may contribute to chronic kidney disease will be relaxed to allow the tea farming sector to use it, a report said. Plantations Minister Navin Dissanayake had told Sri Lanka’s Planters’ Association, a groping of senior managers of tea […]

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Adopt national trade policy

Tuesday, September 6th, 2016

By Niranjala Ariyawansha Courtesy Ceylon Today United Professionals Movement (UPM) warns Sri Lanka that signing the Economic and Technological Cooperation Agreement (ETCA) with India, a country with a systematic national trade policy, will definitely make Sri Lanka face irreversible dangerous repercussions. UPM has urged the government to plan a trade policy, which the country lacks since […]

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Chasing the IIT dream across Palk Bay

Tuesday, September 6th, 2016

MEERA SRINIVASAN Courtesy The Hindu As IITs open gates to international students, many in Sri Lanka are gearing up for the entrance tests to get into them. ​​After completing her AS levels (Class 11) at a Colombo school, Sasmithaa Manickam is exploring options in higher education. If her dream materialises, she might, in a couple of […]

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Coal Controversy: USD 3mn loss in public funds?

Wednesday, August 24th, 2016

Courtesy The Daily Mirror  The controversial Coal Tender process has taken a different turn with the Power and Energy Ministry deciding to continue to purchase coal from Swiss Singapore despite damning observations by the Supreme Court. The issue came to light last year after the Daily Mirror broke the story regarding the circumventing of procedure […]

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ETCA: Holy and unholy issues

Tuesday, August 16th, 2016

Editorial Courtesy The Island August 16, 2016, 8:02 pm The proposed Economic and Technological Cooperation Agreement (ETCA) between Sri Lanka and India continues to dominate public discussion. The Government Medical Officers’ Association (GMOA) has reiterated its position that the formulation of a national policy on international trade pacts must precede the inking of the ETCA. Else, […]

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Marketing Ravana

Tuesday, August 2nd, 2016

Editorial Courtesy The Island August 2, 2016, 8:16 pm Minister of Transport and Civil Aviation Nimal Siripala de Silva took pride in telling the world the other day about Ravana, the mythical Lankan king thought to have been capable of super human feats. He told an international conference of aviation high-flyers in Colombo on Monday that […]

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China To Sri Lanka: We Want Our Money Not Your Empty Airport

Sunday, July 31st, 2016

Courtesy Forbes Sri Lanka has a debt problem. After more than a decade of taking out huge loans to build large-scale infrastructure — most of which hasn’t yet produced adequate returns — the country is now struggling to make payments, and is looking for another way out. A potential exit strategy was to offer China […]

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The Rise and Fall of Raj Rajaratnam – Part III-Exemplary individual destroyed by the drive to succeed?

Wednesday, July 27th, 2016

By A Special Correspondent Courtesy The Island July 26, 2016, 7:53 pm On May 11, 2011, following a seven-week trial and twelve days of deliberations, the jury returned a verdict finding Mr. Rajaratnam guilty of the fourteen counts charged. The District Court of the Southern District of New York observed that ‘ government and media unfairly […]

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The Rise and Fall of Raj Rajaratnam – Part II- The modern face of illegal insider training

Tuesday, July 26th, 2016

By A Special Correspondent Courtesy The Island July 26, 2016, 8:09 am ” Rajaratnam inquired as to whether the Cisco Executive might be “interested in the money business.” Rajaratnam sketched out how the new fund could make “60 million dollars a year,” and require no more than three or four people. (Continued from yesterday) US District […]

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The Rise and Fall of Raj Rajaratnam – Part I-Raj Rajaratnam the Man

Tuesday, July 26th, 2016

By A Special Correspondent Courtesy The Island July 24, 2016, 9:15 pm Interest in the Sri Lankan born billionaire stockbroker Raj Rajaratnam who fell from grace in 2009 has been rekindled following the appointment of one of his former employees Indrajith Coomaraswamy as the Governor of the Central Bank. In this three part series of articles, […]

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Standard & Poor’s cut Sri Lanka’s outlook to negative on Funding Pressures

Thursday, March 10th, 2016

Courtesy Bloomberg Standard & Poor’s cut Sri Lanka’s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings lowered its credit ratings. S&P affirmed the island nation’s B+ long-term and B short-term sovereign ratings, saying robust economic growth prospects are countered by high government debt at 72 […]

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Forecast 2016: A Roadmap for Sri Lanka

Monday, February 1st, 2016

By Asanga Abeyagoonasekera , Adviser to Finance Minister Our objective is to make Sri Lanka the most competitive nation in the Indian Ocean and to develop the island as a mega city for the region that will go between Singapore and Dubai thus make it competitive and the time has come for us to think how we […]

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A Letter to Professor Ricardo Hausmann

Friday, January 29th, 2016

Kanthar Balanathan DipEE(UK), GradCert(RelEng-Monash),DipBus&Adm(Finance-Massey), C.Eng., MIEE, MIE(Aus) CPEng, (Retired) Former Director of Power Engineering Solutions Pty Ltd, Consulting Electrical Engineers Professor Ricardo Hausmann Director of the Centre for International Development at Harvard University John F. Kennedy School of Government Mailbox 34 79 JFK Street Cambridge, MA 02138 Dear Professor Ricardo Hausmann, Introduction I am a […]

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Harvard training for Sri Lanka’s development drive officials – Niranjan De\va Aditya

Tuesday, January 26th, 2016

Dr Sarath Obeysekera I read above statement made by an Ex Eurpean Parliament MP Niranjan Deva Aditya in the Island New paper on 7th January .and recent news about plans by he governmnet to undergo training in Harward to enhance development dribe in Sri Lanka It amazes me to observe that we Sri Lankan who […]

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DEVIL HAS CONSUMED EVEN BEFORE THE OFFERING ( Pudana kotama Kapi Yaka)

Tuesday, January 26th, 2016

Dr Sarath Obeysekera We all read the news about a powerful minister in the government taking legal action and securing a court injunction against  Megapolis Minister ,for trying to acquire his land for development purposes On 29th January Megapolis Minister is planning to make the Grand Megapolis Development plan public ,with grandiose program to develop […]

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Bandula: Dollar will hit 160

Sunday, January 24th, 2016

In an interview with the Daily Mirror the Joint Opposition’s Economic Affairs Spokesman, MP Bandula Gunawardane said that people would be compelled to endure economic hardships in the form of rising price and the lack of employment opportunities in the new year.  He said it would not bode well for the country, because of budgetary […]

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‘Handle mega city projects with care’

Sunday, January 24th, 2016

By Namini Wijedasa UN human development expert urges caution on urbanisation  Says Lanka is a developed nation in human development category A senior economist this week urged caution when building megacities saying it causes concentration of services and economic activity in the city to the disadvantage of rural communities. From a number of mega cities […]

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TN entrepreneurs eye opportunities in Eastern Lanka

Monday, January 18th, 2016

Courtesy Adaderana As many as 125 entrepreneurs from Tamil Nadu will be among 400 from the world over, attending the Second International Investor Forum on Eastern Sri Lanka to be held here on January 28 and 29. Naseer Ahamed, the dynamic Chief Minister of the multi-ethnic Eastern Province, where Tamils form a third of the […]

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