New laws contemplated by the government appears to have caused much concern among Opposition political parties for obvious reasons. The constitutionality of the proposed Broadcasting Authority Bill is expected to be challenged in the Supreme Court. The whole process of law making raised quite a stir in the wake of the recent shocking Supreme Court […]

IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]

Parliament will hold a day-long debate on the latest report of the Committee On Public Enterprise (COPE) on Tuesday, its Chairman, Senior Minister D.E.W. Gunasekera said. The debate has been initiated by the Opposition for a detailed discussion on the 176-page report which examined the accounts of 229 institutions, and was presented to the House in December 2011. The accounts of State institutions...

Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...

Chairman of the Committee on Public Enterprise (COPE) Minister D.E.W.Gunasekera who submitted its report to Parliament today called for more teeth for the oversight committee including powers to summon former heads of state run institutions as well as bring under its preview private limited companies incorporated under the Companies Act. He also called for more scrutiny of the eligibility of pers...

The Revival of Underperforming Enterprises and Underutilized Assets Bill that is to be presented to parliament soon has in it economic and political objectives that spell doom for Sri Lankan democracy as well as the economy. It would vest in the Sri Lankan government Hotel Developers (Lanka) PLC which owns the Colombo Hilton that has ...

By Ranjit Jayasundera Sensational evidence has come to light that demonstrates beyond a shadow of doubt that in Sri Lanka fortune favours not necessarily the bold but certainly the favoured. Carlton Sports Network (CSN) a company incorporated on 10th February 2011 has won the rights to broadcast the Australian Cricket tour of Sri Lanka next ...

By Paneetha Ameresekere - Business Editor The local press recently quoted an External Affairs Ministry statement which said that Japan was willing to enter into a free trade agreement (FTA) with Sri Lanka. This was in response to a request made by Economic Development Minister Basil Rajapaksa and External Affairs Minister Professor G.L. Peiris to ...