The Sri Lanka Premier League, due to launch this month, is postponed until next year because of a financial crisis and India's refusal to let its players take part.

COLOMBO: Sri Lanka has postponed a scheduled Twenty20 league this month because of a financial crisis and the possibility of further losses after India pulled out of the event.

Sri Lanka has postponed a scheduled Twenty20 league this month because of a financial crisis and the possibility of further losses after India pulled out of the event.

A Sri Lanka Cricket official says the country has postponed a scheduled Twenty20 league this month because of a financial crisis and the possibility of further losses after India pulled out of the event. Sri Lanka Cricket spokesman Brian Thomas said Friday the league's first edition

Chairman of the Sri Lanka Cricket Interim Committee Nishantha Ranatunge has pointed out that there is no financial crisis within Sri Lankan Cricket as projected by certain media.Mr. Ranatunge said there was a deficit of about 600 million rupees when they took over. They were very much determined

Sri Lanka Cricket (SLC) has sought financial help from the government and state banks. SLC treasurer Sujeewa Rajapakse told the BBC that the board has sought a grant from the two bodies. .

By Dr. O.G Dayaratna-Banda Department of Economics and Statistics University of Peradeniya Adoring the discarded neo-liberalism The Secretary to the Treasury of Sri Lanka has seemingly informed the Vice Chancellors of the Universities at a meeting held at the UGC that the “increase of the salaries of university academics or any other public sector workers ...

by Jayantha Dhanapala (Text of Keynote Address titled Cultural Diplomacy and Soft Power- Sustainable Smart Power at the Opening Plenary of the South and Central Asia Fulbright Regional Workshop, Hilton Hotel, Colombo, 26 January, 2011.) I think it is necessary...

By Abdul H. Azeez Hedging deals are double edged, and even though they reduce risk, they do not completely eliminate it. If hedging deals are entered into without proper foresight, they can cut down and amputate like a sweeping butcher’s knife. Sri Lanka, in its rush to rid itself of the burden of high fuel ...

Sri Lanka after emerging from a decades-long civil conflict is seeing strong economic growth. Sri Lanka has now entered a new path after routing terrorism which plagued the country for three decades. Brian Aitken, the IMF’s mission chief for the country said Sri Lanka was now confronting the challenge of reaching massive economic goals. Since ...

World Bank Managing Director Ngozi Okonjo-Iweala has said that the Mahinda Chinthana is behind the success story of Sri Lanka’s economy. It was the World Bank Managing Director who delivered the commemorative lecture today to mark the Diamond Jubilee of the Central Bank of Sri Lanka. The flexibility of the Monetary Sector and the Mahinda ...

A Budget analysis by Eran Wickramaratne The 2010 Budget is a departure from the Budgets that have been presented by the Mahinda Rajapakse regime in the past. Its neither Keynesian or Marxian, but explicitly committed to limiting itself to fiscal...

By Dr.Laksiri Fernando (Text of DA Rajapaksa Memorial Address) National development is not merely about the economy but the economy is central. It entails economic, social, political, cultural and even moral aspects. The contribution of the North and the East during the last three decades or so was hampered in all these spheres by the separatist and the terrorist war. It is nece...

The Committee on Economic, Social and Cultural Rights has considered the combined second, third and fourth periodic report of Sri Lanka on how that country is implementing the provisions of the International Covenant on Economic, Social and Cultural Rights....

A Game For The Ages By Priyan Weerasinghe at the MCG Did that just happen? Did we just win? All I can see is a sea of blue and gold around me. Bodies heaving, dancing, jumping – this way and that. Families, friends and people who have never met each other before, bonded by patriotism ...

WARS can still be won, even against formidable terrorist organisations. And Sri Lanka shows how. That is the core message of the country's security supremo, Defence Secretary Gotabaya Rajapaksa in a rare interview with The Australian: by Rowan Callick His...

Oct 17, Colombo: Sri Lanka's Western Provincial Council sources say the Provincial Ministry of Education is facing a severe financial crisis.

by Tisaranee Gunasekara “If people are frightened that their security is threatened, they will gravitate towards strong leaders”. Noam Chomski (Imperial Ambitions) The war is over. But defence expenditure keeps on increasing. According to media reports, the defence allocation for...

By K. Ratnayake Sri Lankan President Mahinda Rajapakse’s trip to New York and speech at the UN General Assembly last week had two main purposes: to cover up for war crimes committed during the country’s civil war and to appeal...

By Nirmala Kannangara Transport Minister and SLFP Kalutara District Parliamentarian Kumar Welgama has been maintaining a coordinating office at Bandaragama to meet his party supporters at the cost of the Sri Lanka Transport Board (SLTB), alleges employees. At a time when the SLTB has failed to pay the head office employees their September salary on ...

President Rajapaksa has said that external capital is required in achieving the Millennium Development Goals (MDG’s) and for sustainable functioning. President Rajapaksa expressed this view while addressing the Millennium Development Conference which was held prior to the 65th UN summit of the Heads of State. The President said the Government is set for itself the ...

Sept 22, New York: Sri Lanka President Mahinda Rajapaksa today called for a genuine commitment to fulfil1 donor obligations to assist developing countries as the recent global economic and financial crisis has severely reduced the access to external resources and private capital flows for them.

The World Bank announced that it has approved a 57.4 million US dollar credit to strengthen access to finance for the Small and Medium Enterprises in Sri Lanka. The Small and Medium Enterprise Development Facility Project supports the government’s efforts to improve access to finance for Small and Medium Enterprises affected by the Global Financial ...

By Srilal Miththapala Just over a year ago, I penned an article entitled “Sri Lanka Tourism — Quo Vadis” where I raised the issues and challenges Sri Lanka was facing in developing its tourism industry. Of course, that was during the latter stages of the war, and now after the ending of the war, there ...

As the Sri Lankan stock market dipped dramatically, the government has begun regulating the market more restrictively while making a public show of tightening its own belt. The government is trying to improve its financial management, but the question is whether it can adapt in time to stabilize an already shaky economy. The Colombo Stock ...

Next, a British clothing retailer, has stopped sourcing its garments from Sri Lanka because of the uncertainty of the continuance of the g.s.p.+ duty free concession. “It has moved over to Bangladesh,” an industry source told The Sunday Leader.  The g.s.p.+ facility helps Sri Lanka to export garments and several other products to the E.U. ...

A Malaysian based private equity fund has a remaining capital of U.S.$ 80 million for investment in the region, including that of Sri Lanka. Lew Oon Yew, Executive Director, Head, Private Equity, KFH Asset Management Sdn Bhd who made a whistle stop visit to the island to participate in a CIMA organized seminar on Tuesday ...

‘Young and developing economies like Sri Lanka should seriously explore private equity in order to fast track growth’ said Lee Oon Yew from investment bank Kuwait Finance House at the CIMA/ RAM Ratings CEO Forum held recently. The forum which was held at the Cinnamon Lakeside on Tuesday the 22nd of June featured many industry ...

By Paneetha Ameresekere – Business Editor Prostituting a country’s sovereignty need not necessarily be in the form of political servility, it may even take the form of economic servility. While the Government of Sri Lanka (G.o.S.L.) has resisted moves made by certain powerful and influential sections of the international community  who have called for a war crimes [...]

The World Bank says Sri Lanka’s economy expanded by 3.3% in the second half of 2009.The Bank said it is the fastest rate recorded since 2002 showing stability despite a weak global economy. The World Bank report released yesterday said that despite entering the Global Financial Crisis