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Sri Lanka Army To Promote Traditional Rice Varieties

By Camelia Nathaniel Having ended a 30-year long war in the country, the Sri Lanka Army has today laid down its weapons and instead taken up agricultural equipment to assist the country’s development in the agricultural sector. The Directorate of Agriculture was established in November 2011 for this purpose of providing better technical and administrative [...]

GSP+ Loss $ 750 Million – EASL Chairman

By Paneetha Ameresekere The loss caused to the apparel industry due to the withdrawal of the GSP+ facility is US$ 750 million, immediate past chairman of the Exporters’ Association of Sri Lanka (EASL), Dawn Austin said. Austin, speaking at EASL’s 16th AGM held in Colombo on Thursday (July 25) said that this estimate covers a [...]

COPE Chief Calls For Finance Ministry Intervention

Burden On Banks By Loss Making SOEs By Mandana Ismail Abeywickrema The Parliamentary Committee on Public Enterprises (COPE) has warned that failure by the authorities to immediately address the situation at several loss making state institutions that are on the “verge of collapse as entities” would in turn affect the banking sector in the country. [...]

Religious Intolerance Escalates

By Megara Tegal As crimes continue with impunity, attacks against mosques around the country have become more obscene and portentously fatal. The latest attack occurred in Mahiyangana on 18 July, when a mob of masked individuals attacked the Mahiyangana Masjidul Araba mosque while a group of Muslims prayed in the house of worship. Events of [...]

Foreign Policy Must Support Economic Policies – Chamber Boss

Sri Lanka’s foreign policy needs to be supportive of its economic policies, Ceylon Chamber of Commerce Chairman, Suresh Shah said. Speaking at a function in Colombo on Wednesday (July 24), he said that while interest rates were falling, inflation under single digits and the economy growing at 6%, the Business Confidence Index as tracked by [...]

US$ 70-80 Billion Needed

The CEO, NDB Investment Banking Cluster, Vajira Kulatilake – another speaker at the event – said that the debilitating factors facing the equities market are world conditions, macro and foreign policies and interest and exchange rate risks. “The macro picture needs to be completed, otherwise it’s like a wedding with a bride but no groom,” [...]

I Love Sri Lanka BigReeno

By Easwaran Rutnam He has two words to describe the Sri Lankan people, happy and inspiring. Big Reeno who was in Sri Lankan recently together with Sean Kingston and Taio Cruz to perform at the Carlton Super 7s concert, said that he enjoyed his experience and hopes to be back in the country soon. Click [...]

The Time For Change Is Approaching

By Dr Jehan Perera The hope of change in the type of politics that might be practiced in the country was short lived. The TNA’s nomination of former Supreme Court Justice C. V. Wigneswaran to be its chief ministerial candidate for the Northern Provincial Council upgraded the quality of those contesting the provincial elections.  As [...]

Whither Sri Lankan Democracy?

The excitement caused last week by the resignation of UNP parliamentarian Dayasiri Jayasekera was disproportionate to the political significance given to it by newspaper headlines. Jayasekera, barely 10 years in politics, had not demonstrated his political prowess as yet although some media persons have attributed a promising organisational ability. He had been a co-ordinating secretary to his [...]

Public Sector Expenditure

Public debt, according to the latest available Central Bank of Sri Lanka (CBSL) data, increased by 8.5% (Rs. 499.7 billion) year on year (YoY) to Rs. 6,354.1 billion in April, an increase, probably equivalent to the cost of building 10, ADB funded Colombo South ports, a port to be commissioned in the next few days. [...]

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