Typhoons and Northern Gladiators dominate opening day

Carlton Super 7’s – 1st round – Nuwara Eliya By Milinda Gunawardena The opening day of the 2013 edition of the Carlton super Rugby sevens was kicked off in grand style in  Nuwara Eliya on Saturday when the first off the two local tournaments was held at the picturesque Nuwara Eliya Race course affording an [...]

President Mahinda Rajapaksa

President Mahinda Rajapaksa, on a state visit to Tanzania last week, with his Tanzanian counterpart Jakaya Mrisho Kikwete at a state banquet hosted by the Tanzanian President. Picture by Sudath Silva

Sovereign Bond Yield Strengthens To 6.82%, Yet At Discount To Buyers

NSB’s Proposed $ 1 Bn. Bond, At What Price? By Paneetha Ameresekere Government of Sri Lanka’s (GoSL’s) 10 year US$ ($) 1 billion Sovereign Bond  maturing in 2022 which fetched a yield of 5.875% when it was sold to overseas investors in the primary market last year has since seen its yield increase by 105.5 [...]

EU To Introduce New GSP Law In October

Sri Lanka To Lose US$ 5 Billion Over Next 10 Years By Mandana Ismail Abeywickrema The European Union is to adopt a reformed GSP law in October 2013 and a new preference scheme is to apply from January 1st, 2014. UNP MP Eran Wickramaratne says that Sri Lanka stands to lose US$ 5 billion over [...]

HSBC Estimates Lower Growth Rate

Compared to CBSL Projections HSBC has estimated Sri Lanka’s economy to grow by 6.7% this year or close to 7%, 80 to 50 basis points less than the Central Bank of Sri Lanka’s (CBSL’s) estimate of 7.5%. It also projects the economy to grow by 7.4% next year, in tandem with China, which HSBC’s Chief [...]

Bourse’s 2nd Highest Outflow Portends Exit Of Foreign Funds

Market Records Lowest, Second Lowest Turnovers The Colombo Stock Market recorded its second highest net foreign outflow (NFO) figure for the year to date at Wednesday’s (June 26) trading, perhaps signalling the fact that the foreign funds’ exit from the local equities market has begun. Matters were seemingly compounded by the fact that the bourse [...]

SL’s Plurality Unrecognised By Its Leaders

New CCC Chief Speaks Out The Ceylon Chamber of Commerce (CCC) cannot confine its interests only to business matters affecting its members, but should also be alive to national issues, its newly elected Chairman, Suresh Shah said. Shah, speaking at CCC’s 174th AGMs held in Colombo on Thursday (June 27) further said that 57 years [...]

Christian Buddhist Tension On The Rise

By Raisa Wickrematunge Apart from the alarming wave of anti Muslim sentiment that has been spreading across Sri Lanka, attacks on churches are now on the increase. Most recently, on June 26, a group of Jehovah’s Witnesses were confronted by Buddhist group Ravana Balaya, and told that they would be dealt with severely in future. [...]

The Dubious Commission Pot…

By Vijitha Herath MP According to the World Health Organization (WHO) smallpox is one of the epidemics that has been eradicated from this earth. This was announced in 1979. As such, nobody is worried about this disease. There is no necessity to carry out tests on those who had died of this disease as there [...]

Yan Oya Reservoir: Another Waste Of Public Funds

Govt plans to spend a staggering Rs 41.5m. to develop one hectare of paddy By Nirmala Kannangara An attempt is being made to swindle billions of rupees of public money in the guise of an agricultural project in the Eastern Province. The proposed Yan Oya diversion project to construct a 169 million cubic meter (mcm) [...]

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