by Neville Ladduwahetty The question cited above was the title of an article published in Ceylon Today by N. Sathya Moorthy (SM), who identifies himself as a Chennai based Policy Analyst/Political Commentator (Friday 10, 2024).The answer to his question is – NOT YET. For the present, stealing is limited to marine assets and the destruction […]

Chinese President Xi Jinping had upon taking office a decade ago vowed to end corruption but now many of its close associates and leaders of China Communist Party (CCP) are facing serious graft charges. Former vice-justice minister Liu Zhiqiang is the latest addition to the list, who is now subjected to “disciplinary review and supervisory […]

Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]

During the first quarter of 2024, Bank of Ceylon demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. As favorable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]

The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group […]

The government was in overdrive to please the MPs who supported it while hoodwinking people with promises, SLPP dissident MP Chandima Weerakkody told Parliament on Monday. MP Weerakkody said that President Ranil Wickremesinghe had claimed that it had no funds to increase the salaries of state workers and they had to wait until next year. “All these […]

SJB and Opposition Leader Sajith Premadasa yesterday called on the government to take stringent action against those engaging in pyramid scams in Sri Lanka. Premadasa said that ‘OnmaxDT’, a private firm was involved in a pyramid fraud of US$ 100 million in Sri Lanka. ‘OnmaxDT’ is among nine entities banned by the Central Bank of Sri Lanka in August […]

In the bustling heart of Ja-Ela, Moose Clothing Company stands tall as a beacon of creativity, technical expertise, and workmanship. Established in 2018 with a vision to redefine Sri Lanka’s fashion landscape whilst bridging the gap between affordability and accessibility to good quality fashion, Moose Clothing Company has now embarked on a journey that transcends […]

The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement a voluntary retirement scheme (VRS)  for employees of the Sri Lanka Savings Bank. A payment is to be made to employees who retire voluntarily. The Sri Lanka Savings Bank became […]

by Rex Clementine Sri Lanka have named their squad for the ICC T-20 World Cup and some big names that featured in T-20 sides in recent outings have been given the cold shoulder. The most notable of them all is former captain Kusal Janith Perera. Perhaps the fiercest striker of the cricket ball in Sri […]

The HSBC Bank in Sri Lanka has warned constituents to beware of scammers actively promoting unauthorized crypto currency investment schemes through compromised or hacked social media profiles. In some cases, there have been false notifications appearing to be from HSBC, referring to a crypto investment credit, he bank said. “We wish to clarify that HSBC […]

President Ranil Wickremesinghe told Parliament yesterday, making a statement, that he had assumed leadership of the country without any conditions, despite being a sole Member of Parliament from his party. The President said he expected to conclude all negotiations with external creditors by the middle of this year, and that the ultimate goal of debt restructuring […]

Left-arm spinning allrounder Dunith Wellalage has made Sri Lanka’s squad for the 2024 T20 World Cup despite never having played a T20 international. Top-order batter Kamindu Mendis  and round-arm seamer Nuwan Thushara are also in the 15. From the older cohort, Angelo Mathews, Dhananjaya de Silva, and Dasun Shanaka also find places in the squad. […]