When Colombo takes on Dambulla in the first match of the Lanka Premier League on the 26th November at the MRICS, Hambantota, the ground located in the Deep South of Sri Lanka, bordering an International port and an airport, and few kilometers away from the Indian Ocean, the tournament will... The post Lanka Premier League – The New Kid on the Block appeared first on Sri Lanka Cricket.

The exchange rate (ER) last week had the dubious distinction of making a steep dive to hit Rs. 130 by being depreciated by nearly Rs. 5 against the US dollar ($) in a week in interbank trading on the back of import demand, but since then has seemingly been tenuously holding on to those levels ...

A prophet spoke at the UNESCO in Paris this week, though he joked that having lived for 90 years, he had written thirty pages and found he had been turned into ‘a rock star’. Stephane Hessel, born in Germany in the year of the Russian revolution, is 95 years old. Anti-Nazi Resistance fighter, concentration camp survivor, ...

By: Surendra Ajit Rupasinghe In the mid nineteen eighties, the Philippines was rocked by a sustained people’s resistance movement that finally deposed of the hated and corrupt dictator, Ferdinand Marcos, who had to flee the country in a US Air Force helicopter. The Catholic Church, representing the majority of the people, played a critical role ...

Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...

The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...

“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling the lost decade” – ...

BERNE (Reuters), Monday - Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank. Hildebrand's decision to relinquish one of the world's top central banking jobs after just two years came as Swiss parliamentarians met to dis...

By Victor Ivan This article is meant to analyse the inadequacy of traditional interpretations of the ethnic crisis and point out limitations inherent in them. It is not incorrect to treat this issue as an ethnic crisis. Yet, in my opinion, it is not correct to treat it only as a conflict based

By Cassandra Mascarenhas The Sri Lanka Institute of Directors (SLID), as part of its ‘Power Evening’ series of events, presented an eclectic combination of chairmen from leading organisations in the country last week and at the occasion delved into the subject ‘Performing While Conforming – What the Textbooks Don’t Teach You’ by sharing experiences from ...

Rajapaksa Family already planning more land grabbing Kleptocrat: A ruler who uses power to steal the country’s resources. Oxford Dictionary By Tisaranee Gunasekara Mindless-extravagance; land-grabbing; media-muzzling: the three Rajapaksa preoccupations are intimately interconnected. The Ruling Siblings need money to strengthen their power and to sustain their voracious appetite for exhibitionism, ...

Expolanka Holdings PLC said yesterday it has sustained its consolidated NPAT for the first half of FY 2011/12 at Rs. 668 m, with a consolidated NPBT at Rs. 862 m. These results have been achieved against the backdrop of the many challenges faced by the Group in the international trading sector with its global economic ...

The policy changes, reforms and modernisation since Budget 2011 appears to have been the context of a presentation made to the Joint Apparel Association Forum in July 2011 by the “leading light” in finance, planning, treasury management and economic development. Sri Lanka background 2000-’10 The presentation articulates the background issues experienced from 2000 to 2010. ...

by Ranga Jayasuriya Some key positions of this government have been filled by dual citizens. Gotabaya Rajapaksa - the powerful Defence Secretary is a dual citizen of Sri Lanka and the USA. Basil Rajapaksa - Investment Development Minister has a US Green Card in addition to his Sri Lankan citizenship. Sarath Fonseka, the now incarcerated former army commander is also a Green Card holder. ...