Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]

Over 300 oil and gas cargo vessels have visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022, Hambantota International Port Group (HIPG) said in a press release on Wednesday (31). A key reason for this is the port’s bunkering partner Sinopec actively operating in the […]

Thursday 1st February, 2024 Dr. Laksiri Fernando has, in his column published on the opposite page today, reminded us that the Voters’ Day of Sri Lanka falls on 01 Feb. The Election Commission (EC) conducts special programmes on this day to educate voters on matters such as the basic qualifications required for registration, and the […]

Commenting on the recent aid extended by India to Sri Lanka at a crucial juncture during the country s most severe and unprecedented economic crisis, India s Minister of External Affairs Dr. S. Jaishankar has urged for all Indians to visit Sri Lanka, emphasising the strong ties

Wednesday 31st January, 2024 Sri Lanka is going through difficult times, which are interesting nonetheless. In a dramatic turn of events replete with irony, a political crisis that Maithripala Sirisena and Mahinda Rajapaksa created more than half a decade ago, has received media attention

by Sanath Nanayakkare Beyond Wealth, a leading company which provides professional investment advisory services (PIAS) in Sri Lanka, recently celebrated its twentieth anniversary while entering into a strategic tie-up with TIW Capital Group, a multi-asset, multi-geography global asset management company headquartered in Singapore. For two decades, TIW Capital Group (TCG) has been amassing tech exp...

By Hiran H.Senewiratne A top local hotel chain owner who faced an enormous financial crisis during the Covid 19 lock down period and left Sri Lanka to find funds to maintain his local hotels, has ended up in Australia where he has acquired a restaurant next to the Brisbane Cricket Grounds (Gabba

The United States Agency for International Development (USAID)’s Partnership for Accelerating Results in Trade, National Expenditure, and Revenue (PARTNER) activity, with the Ceylon Chamber of Commerce (CCC), have completed an on-the-job coaching programme for 50 Development Officers (DOs) attached to the Sri Lanka Export Development Board (SLEDB), said a release from the CCC. At an […]

By Lynn Ockersz Immense learning loss among the young, the likelihood of increasing school dropouts, the interruption of the school feeding programme and rising mental stress and confusion among children are just a few among the multiple ills that result from prolonged school closures in Sri Lanka, the Gamani Corea Foundation’s (GCF) 13th discussion session […]

Sri Lanka s Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has stated that the recent increase in the number of ship arrivals at the Colombo Port is likely due to the Red Sea crisis.

Indian High Commissioner Santosh Jha has said India and Sri Lanka are natural partners and their interests in matters of security or development are intertwined and interlinked. “The huge potential our partnership holds and the tangible impact it can have on the lives of the common people drives me to work harder to further deepen […]

A call for sustainable solutions By R. Sharvanandha, B. Sc, M. Sc. Lanka is currently grappling with a significant challenge – the escalating prices of vegetables. This surge in food prices has a direct impact on households, affecting their ability to afford essential and nutritious foods. In this article, we will explore the reasons behind […]

by Lasanda Kurukulasuriya Sri Lanka’s remarks at the meetings of the 19th Summit of the Non Aligned Movement in Uganda, must surely have had observers of international relations, especially relating to West Asia, scratching their heads. President Ranil Wickemesinghe in Kampala on Friday (19 Jan.) said he welcomed the fact that the 19th Summit gave […]

Minister of Ports, Shipping and Aviation, Nimal Siripala de Silva, issued directives yesterday to officials of the Sri Lanka Ports Authority, emphasising the need for additional measures to ensure the efficiency and effectiveness of ship operations as the number of cargo vessels arriving at the port of Colombo has increased, leading to a rise in […]

President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading the country to success, he reiterated that withdrawing from the agreement […]

President Ranil Wickremesinghe, addressing the 30th Annual General Meeting of the Lanka Confectionary Manufacturers Association (LCMA) yesterday (24) at Cinnamon Grand Hotel, Colombo emphasized the potential for Sri Lanka to become a global player in the confectionery industry. He encouraged Sri Lankan confectioners to expand their horizons and tap into international markets. The President emphasi...

Capital Market regulator, the Securities and Exchange Commission of Sri Lanka (SEC) held meaningful discussions with the Chief Executive Officers (CEOs) of stock broker firms and other Market Intermediaries in separate stakeholder engagements in January 2024. The meetings were aimed at fostering collaborative efforts to fortify the regulatory framework and operational infrastructure of the securit...

A repressive new internet law that Sri Lankan President Ranil Wickremesinghe is trying to rush through Parliament this week would create broad and vague new speech-related offenses punishable by lengthy prison terms, Human Rights Watch’s (HRC) Meenakshi Ganguly has said in a statement. The law would seriously threaten the right to freedom of expression as […]

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