Govt. should guard against policy backsliding: IPS

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Sri Lanka’s Government should fight against policy backsliding and remain focused on export and investment driven growth strategies as the already b ..


CB steps up on Bond Commission recommendations

Tuesday, 16 October 2018 00:30 Views - 14

The Central Bank yesterday said a slew of new measures had been adopted by the institution as part of its efforts to implement recommendations made by


Commercial High Court grants enjoining order in favour of Frostaire against Pan Asia Bank

Tuesday, 16 October 2018 00:29 Views - 36

The Commercial High Court through Order dated 10 October issued an Enjoining Order against Pan Asia Banking Corporation PLC on hearing an Application


Tourism digital campaign to kick off end Oct.

Tuesday, 16 October 2018 00:29 Views - 14

The Sri Lanka Tourism Promotion Bureau (SLTPB) yesterday confirmed it was all set to launch the much-awaited digital campaign by the end of this month


President says proper measures being taken to overcome economic crisis

Monday, 15 October 2018 01:10 Views - 451

President Maithripala Sirisena on 13 October reiterated that the present economic crisis was not only limited to Sri Lanka but many countries in the w


Rupee ends weaker; stocks hit near 5-year low on foreign selling

Tuesday, 16 October 2018 00:29 Views - 29

Reuters: The rupee ended 0.7% weaker on Monday as banks and importers bought the dollar and as stocks declined for a fifth straight session, hitting a


Retail Holdings exits Singer, Hayleys buys

Tuesday, 16 October 2018 00:29 Views - 37

Retail Holdings (Sri Lanka) BV yesterday exited Singer Sri Lanka Plc by selling the remaining 9.47% stake to the controlling shareholder, business lea


TDL won’t go to Treasury: SLTPB

Tuesday, 16 October 2018 00:28 Views - 9

By Charumini de Silva Upon reaching a settlement between industry stakeholders and the Finance Ministry, the Tourism Development Levy (TDL) will not b


Sri Lankan currency fears are overblown, Mangala tells Nikkei

Monday, 15 October 2018 01:09 Views - 484

Nusa Dua, Indonesia ( The sharp decline of Sri Lanka’s currency is “not as catastrophic as people make it out to be,” Finance M




TISL calls on Govt. to fast track implementation of UNCAC pledges

Tuesday, 16 October 2018 00:34 Views - 19

By Charumini de Silva Transparency International Sri Lanka (TISL) yesterday highlighted that the country’s commitment to implement the United Nation


Govt. failed to identify priorities of public: SLPP

Tuesday, 16 October 2018 00:32 Views - 10

SLPP claims effort to push new Constitution to distract from economic problems By Nuwan Senarathna Sri Lanka Podujana Peramuna (SLPP) yesterday claim


Govt. committed to protecting environment, managing natural resources with development: PM

Monday, 15 October 2018 00:58 Views - 159

Prime Minister Ranil Wickremesinghe yesterday said that a special program will be prepared to protect the environment during the next 10 years.


Swift measures to control flooding: President

Monday, 15 October 2018 00:57 Views - 79

President Maithripala Sirisena says a speedy process is needed to control the flooding around the city of Colombo and the surroundings of the Kelani R


India assists in developing 50 additional model villages across Sri Lanka

Monday, 15 October 2018 00:55 Views - 141

India and Sri Lanka signed two Memoranda of Understanding (MoU) yesterday to construct 1,200 houses through 50 model villages, using Indian grant assi


TISL to launch Anti-Corruption Commitment Tracker today

Monday, 15 October 2018 00:54 Views - 78

The Transparency International Sri Lanka (TISL) will launch an online platform today, which will track the progress that has been made by the Governme


Four Maldives’ election officials flee to Sri Lanka, citing threats

Monday, 15 October 2018 00:54 Views - 119

Intimidation and threats drove four members of an election panel in the Maldives to flee the island nation, two officials said on Saturday, a day befo


Hirunika hails SC verdict despite mixed feelings

Saturday, 13 October 2018 00:10 Views - 1934

Commenting on the verdict delivered by the Supreme Court on former MP Duminda Silva’s death sentence, MP Hirunika Premachandra yesterday said she ha


Sri Lanka seeks to strengthen defence cooperation with Thailand

Saturday, 13 October 2018 00:10 Views - 170

State Minister of Defence Ruwan Wijewardene has stressed on the importance of strengthening defence cooperation with Thailand during an official visit


All public servants must protect forest resources: President

Saturday, 13 October 2018 00:10 Views - 77

President Maithripala Sirisena yesterday stressed that all public servants have a responsibility beyond their limits of assigned duties, in achieving


Sri Lankan Police undergo industrial security training in India

Saturday, 13 October 2018 00:10 Views - 103

A team of 30 Sri Lankan Police Officers participated in a comprehensive training program on industrial security at the National Industrial Security Ac


Amunugama meets Japanese Science and Technology in Society Forum Founder Omi, Koji

Saturday, 13 October 2018 00:10 Views - 87

Minister of Science, Technology, Research, Skills Development, and Vocational Training and Kandyan Heritage Dr. Sarath Amunugama who is at present in



Today's Columnists

Falling rupee and sliding economy

Tuesday, 16 October 2018

The Central Bank (CB) seems to have given up its effort to defend the depreciating rupee. Not that it does not want to but that it cannot because there are no more reserves to gamble with. The CB, however, is trying to put a positive spin on the surr

The process that brought in the new Chief Justice is a Yahapalanaya achievement

Tuesday, 16 October 2018

Cheers to Chief Justice Dep! We saw Justice Priyasad Dep come and now we see him going into retirement. The fact that a judge cannot get an extension is also sacrosanct; because if that was permitted it could lead to abuse, with judges giving decisi

Australian Labor Party Action Plan and takeaways for Sri Lanka

Tuesday, 16 October 2018

The Australian Labor Party (ALP) launched its Fair Go Action Plan recently, highlighting the following eight points: nTo get the government and the economy working for the people. nTo put people first. nTo get country’s priorities back. nTo fix

The fate of the rupee: Time to stop playing the ‘blame-excuse-blame games’

Monday, 15 October 2018

As I have presented in a previous article titled ‘Rupee’s Sad Destiny of One-way Journey to Depreciation’ (available at:, it has been a historical tragedy

What is inflation targeting?

Monday, 15 October 2018

“Given that Sri Lanka is a twin deficit country, in terms of budget deficit and current account deficit, the chances that Sri Lanka attracting new money at this juncture is very minimal indeed.

Rwanda: An inspiration for Africa

Monday, 15 October 2018

Rwanda, one of the fastest growing economies in the world, the Singapore of Africa as it’s referred to, is rebranding itself as an economic miracle.

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