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Uva Vipers and Jaffna Challengers dominate opening day

CarltonSevensRugby The Uva Vipers and the Jaffna Challengers stole the show on the first day of theCarlton7’s tournament and topped their respective tables amidst a large number of spectators who had gathered to watch an electrifying display of seven-a-sideRugby. The tournament, which is known for its carnival atmosphere, did not only entertain the crowds off [...]

Is Freeing SF A Move For Reform

By Victor Ivan Whatever may be the circumstances and the motives that led to the decision of the President to release General Sarath Fonseka, it can be reckoned as a reflection of the wish of the government for moving towards reforms and adopting measures for a moderate rule. Despite the accusations levelled against him after [...]

Strauss Leads Strong England Response Back

England vs WI – Second Test – Trent Bridge England were making good progress as they began their response to a West Indies total of 370 on day two of the second Investec Test at Trent Bridge. Having dismissed their opponents for a competitive total in the morning session, the home side reached 123 for [...]

Int’l Currency Turmoil Hits Rupee

ER Slides below Rs. 131 Levels The exchange rate (ER) crashed to the Rs. 131/30 levels on Friday before partially recovering to be quoted at the Rs. 131/131/20 levels in two way quotes later during the day, a market source told this reporter. He attributed this to import demand coupled with the ripple effect caused [...]

Money Market Riddled With Distortions

  T Bill Yields Fall; Call Money, Market Repurchase Rates Rise Speculation was rife that cash rich state owned Bank of Ceylon (BoC), rich because of its recently concluded US$ ($) 500 million Bond sale, was the investor at Wednesday’s Treasury (T) Bill auction, which saw yields coming down across all maturities. In a scenario [...]

Tea & Boats

Last week, this newspaper carried at least two articles pertaining to the import-export trade. One was found on page 4 under the heading “No More Duty Free Boat Imports” and the other, the lead story on the business section (page 33) under the heading, “Seven Reasons For Liberalising Tea.” In the previous Sunday, ie on [...]

Fonseka Can Unite The Opposition

Gardihewa Sarath Chandralal Fonseka has been able, in his military career and political life, to inspire fanatical loyalties and burning hatreds towards him. Whether he is loved or hated, this battle-scarred veteran has emerged as the most colourful character in public life in recent years. Having risen to be the Chief of Staff of the [...]

Colombo Engineering, From Good To Great

 Hambantota Port, Visionary Development Colombo Engineering is the most dominant ship repair company in the island, earning valuable foreign exchange to this country. Operated by Kiran Atapattu, the company in the first two months of the current financial year (fy) ending this month, made a US$ ($) 200,000 turnover. In the fy ended March 31, [...]

Arm Chair Academics Cause SL To Lose Tech. Race

A PhD qualification doesn’t necessarily make one a good engineer, but experience will. A.D.V.Nihal Kularatne, senior lecturer, Engineering School, Waikato University, New Zealand, speaking at the Institution of Engineers, Colombo on Tuesday alleged that what local engineers generally lacked was practical experience. “More often than not, our engineers sit on a chair and expect their [...]

The Fonseka Pardon And Hemming The Despotic Deluge

“If we can’t think for ourselves, if we are unwilling to question authority, then we’re just putty in the hands of those in power”. – Carl Sagan (The Demon-Haunted World) By Tisaranee Gunasekara Gen. Fonseka was freed not because President Rajapaksa experienced a sudden democratic-epiphany or embraced the ‘quality of mercy’. The politico-electorally disabling nature [...]

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