The Sunday Leader

Proposed National Railway Museum

Pleasant Memories Of Railway Evoked by….. It is reported that Transport Minister Kumara Welgama has submitted a cabinet paper to set up a national railway museum at Kadugannawa. This brings to my mind the pleasant memories of the short spell of my service in the Railways [Way and Works Dept] in the 1950s. During this [...]

To Capture The Highest

Deputy Minister Sanath Jayasuriya takes a peek as Deputy Minister Lalith Dissanayake attempts to take photographs with his mobile phone while awaiting the arrival of President Mahinda Rajapaksa for the 2014 budget presentation in Parliament last week. Picture by Saman Kariyawasam

Warner, Clarke Tons put Aussies in control of first test

First Ashes Test – Brisbane  Opener David Warner and skipper Michael Clarke both struck aggressive centuries as Australia continued their dominance over England on the third day of the opening Ashes Test in Brisbane on Saturday. The visitors needing a record 561 to win the test ended the day on a wobbly 24 for two [...]

World Bank upbeat about Budget 2014-Basil

By Rasika Jayakody Although budget 2014 is gravitated towards welfare, international funding organizations have already expressed positive sentiments about key budget proposals, Economic Development Minister Basil Rajapaksa told The Sunday Leader. Budget deficit has been brought down to 5.2% and that meets everyone’s expectations, the Minister added. “I met the World Bank representative who was [...]

Licences Withheld From Genuine Gemmers

Moneragala Regional Manager Accused Of Fraud By Nirmala Kannangara Allegations are piling up against a Regional Manager attached to the National Gem and Jewellery Authority for depriving genuine applicants of gem mining licences simply because the applicants are not in favour of filling the his coffers. This Regional Manager (RM) is once accused of many [...]

Illusion To Think Sovereign Debt Won’t Be Impacted

QE Tapering As institutions in Asia are not big enough to counteract, the impact of quantitative easing (QE) tapering by the Federal Reserve System (Fed.) will be felt by emerging markets, a financial analyst told a meeting in Colombo on Thursday (November 21). Paul Smith, Managing Director Asia Pacific, CFA Institute, gave this reply when [...]

Finding Way Out Of CHOGM Polarisation

Last Phase Of War By Jehan Perera Sri Lanka’s hosting of CHOGM was challenged by human rights organisations, sections of the Tamil Diaspora and by countries such as Canada on the grounds of the host country’s failure to abide by the stated values of the Commonwealth. Issues of independence of the judiciary and public institutions, [...]

At What Cost Coal?

By Camelia Nathaniel The cost of electricity would increase with the Sampur Coal Power Plant coming into operation, with the unit cost of electricity from Sampur alone set to rise to over Rs. 20, informed sources said. The Sampur Coal Power Plant, to be developed as a joint venture between the Ceylon Electricity Board (CEB) [...]

For Not Going To Int’l Capital Markets

PBJ Threatens To Cancel Banking Licenses A government official threatened to cancel the licenses of certain banks if they don’t go to international capital markets to raise money. Treasury Secretary Dr. P.B. Jayasundera speaking at a budget seminar in Colombo on Friday (November 22), referring to two commercial banks in particular alleged that they were [...]

Survival With Austerity For Development

The budget presented by the Finance Minister and President to Parliament on Thursday, would certainly be praised for the sheer macro economics statistics cited. The growth rate of the economy has been estimated at 7.5 percent to 8 percent. That is indeed a stupendous achievement which could rival or even beat the highest growth rates in the world; [...]

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