by Dr. Justice Chandradasa Nanayakkar. Consumerism has grown exponentially over the last few decades, becoming an ingrained part of our culture. It is a culture of its own that rests on the belief that the happiness and prosperity of mankind hinge on the abundance and acquisition of more and more material goods and services. In […]

Australia’s quest to unite ICC trophies across all three formats will now face an Asian challenge. First up it will be Bangladesh, a side they have never lost to in a global event which includes five meetings in the T20 World Cup. Australia’s progression to the Super Eight was expected and very smooth. For Bangladesh, […]

By Kassapa  After months of dilly-dallying and procrastinating, President Ranil Wickremesinghe has a stark political choice before him: does he align himself with the Rajapaksas or does he dump them now? This is, of course, assuming that Wickremesinghe will run for President. He is likely to, despite the speculation about extending his term of office […]The post Ranil Wickremesinghe or Ranil...

President Ranil Wickremesinghe yesterday (19) announced the establishment of a new development bank to provide financial support to industrialists in Sri Lanka. This initiative will offer industrialists the opportunity to obtain loans at low interest rates, the President declared. The President also revealed plans to set up an Economic Commission to oversee these activities. A […]

Fisheries Minister Douglas Devananda says China has been denied permission again to set up sea cucumber farms in Northern Sri Lanka. Jaffna District MP Devananda, who is also the leader of the Eelam people’s Democratic Party (EPDP), said so, addressing a group of local sea cucumber farmers in Jaffna. The Fisheries Ministry on Tuesday (18) […]

The Lokniti-CSDS post-poll survey reveals several noteworthy aspects of the recent Indian parliamentary elections    By P.K.Balachandran Colombo, June 10: A detailed post-poll survey conducted by the Delhi-based Lokniti-Centre for the Study of Developing Societies (LCSDS) has brought out several noteworthy facets of voter behaviour in the recent Indian parliamentary elections. One of the...

By Vishvanath It is now clear that the proposed debate between SJB Leader Sajith Premadasa and his JVP/NPP counterpart, Anura Kumara Dissanayake (AKD), is a nonstarter in spite of streams of rhetoric let out by both sides frequently. On Thursday (June 06), the state-owned ITN hosted what it had advertised as a debate between Premadasa and AKD. […]The post Of that ‘one-man debate’ a...

By P.K.Balachandran Colombo, June 8: Western democracies see the results of the Indian parliamentary elections as a victory of democracy over authoritarianism. Canada and the US have officially conveyed to the Modi government their hope that it will respect democratic norms and human rights. In its write-up, The Economist expressed confidence that the “shock election result will […...

Julie Kozack, Director of the International Monetary Fund’s (IMF) Communications Department, has praised the Sri Lankan Government for its commendable achievements in economic policy and program implementation. Kozack noted the robust overall implementation of the IMF program by Sri Lanka. The IMF staff and Sri Lankan authorities have reached a staff-level agreement on economic policies,…The...

An International University is to be established at the Port City of Colombo, to drive regional education demand for undergraduateContinue ReadingThe post Port City International University to offer degrees in several fields appeared first on Newswire.

President Ranil Wickremesinghe has expressed hope to reach an agreement with creditor nations in the next few weeks, it wasContinue ReadingThe post Sri Lanka hopeful of agreement with creditor nations in next few weeks appeared first on Newswire.

Fulfilling the regional demand for undergraduate and postgraduate degree programmes in Engineering, Information Technology, Business Studies/Management, Finance, Marketing, and Medicine, Port City Colombo aims to contribute positively towards the reversal of ‘brain drain’ and reduction of the current skills gap in the local employment market, a Port City Colombo press release said. The release add...

…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn By Shamindra Ferdinando Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government

It’s Super Eight time! Before the start of the T20 World Cup 2024,  the ICC had allotted pre-decided seedings to the eight top teams. A2 was given to Pakistan. The match timings were set according to what would be prime time in Pakistan and the rest of the subcontinent. But then a USA-sized blow hit […]

President Ranil Wickremesinghe emphasized that the future of Sri Lanka will be determined by the economic policies implemented over the next five years. The President delivered this statement while addressing the youth and business community in Mannar during his participation in the “Youth Conference” held Sunday (16). The President initially attended the Mannar District “Youth [...

Sri Lanka s economy showed significant growth more than anticipated in the first quarter, marking a strong recovery from a severe foreign exchange crisis.

Monday 17th June, 2024 The SLPP-UNP government is crowing about the release of the third tranche of the IMF loan, and has undertaken to fulfil some more bailout conditions such as the introduction of an imputed rental income tax. It has said the new tax will affect only the high-net-worth individuals, but the proof of […]

by Amal JAYASINGHE (AFP) When Sri Lanka’s economy crashed in 2022, people sought work abroad wherever they could find it — including ex-soldiers who joined forces fighting in Ukraine after Russia’s invasion. Now the veterans — some of whom swapped their life savings

nation was starting to recover, but the economy was “still vulnerable and the path […]