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CB sets record straight on ETI Finance

Feb 16 (FT) The Central Bank (CB) yesterday issued a clarification seeking to correct any misleading statements on the sale of subsidiaries and investment properties under ETI Finance, which was released earlier this week. The CB noted that there was much incorrect and misleading information in the contents of the article and wished to state the CB’s observations. The approval granted by CB was to transfer more..

Hartal in Puttalam against garbage recycling plant

Feb 16 (DM) Puttalam tuned into a ghost town yesterday when all business establishments and private sector institutions put up shutters and staged a hartal against the Aruwakkalu Gabage Recycling plant which is being built. More than 2,000 business establishments and private sector institutions including supermarkets, pharmacies, catering services, hotels and suppliers of essential commodities participated in the hartal. Residents said the protest which was launched on more..

Incidents in Parliament: CID records statement from MP Punchinilame

Feb 16 (DM) UPFA MP Susantha Punchinilame said the CID recorded a statement from him over the chaotic incidents that took place in parliament in November last year. He told the media after making the statement that the CID had summoned him in connection with a complaint he had lodged with the CID requesting it to conduct an investigation over the incident. The MP said he had lodged the complaint requesting for an investigation over the speaker’s conduct on the day when more..

Legendary golfer Nandasena Perera passes away

Feb 16 (DN) Legendary SL golfer Nandasena Perera passed away at the age of 64 yesterday at Western Hospital, Cotta Road after suffering from a kidney ailment. He was cremated within 24 hours after his death as per his last wishes at the General Cemetary, Kanatte yesterday at 5 pm. Nandasena born in August 1954, re-shaped the game of golf in Sri Lanka, establishing the RCGC Course Record of 63 in 1983 more..

State banks to bring in experienced professionals as banking heads

Feb 16 (ST) The Finance Ministry is now clearing high level procedures in appointing heads to state banks almost two months after the reinstatement of the UNF govt with the aim of invigorating the state banking sector with experienced professionals. Most of the state banks are currently embroiled with dysfunction in policy and decision-making in managing and administering its key financial and legal matters as the boards of directors of these banks are still to be reconstituted. more..

Sampath Bank profits down amid loan losses

Feb 16 (EN) Sampath Bank said its net profits for the Dec 2018 quarter fell 31.8% to 2.7 billion rupees from a year earlier amid a steep write-down of bad loans. The firm's earnings per share for the quarter were 9.88 rupees. Net profits for the 2018 year fell 0.6% to 12.6 billion rupees with earnings per share of 46.85 rupees. Sampath Bank's share was trading at 238 rupees, Friday. Interest income for the Dec 2018 quarter grew 20.7% to 28 billion rupees from 2017, while interest expenses grew 11.9% more..

Lasith Embuldeniya fills empty apartment

Feb 16 (CI) There's an opening spot up for grabs, the No. 3 position doesn't have a permanent occupant, No. 5 is dodgy, as is No. 7, but the longest ongoing search by far, for SL, has been for a successor to Rangana Herath as the go-to spinner, home and away. First, if there are that many vacancies in your XI, it is clear there are serious problems. If you were out to rent an apartment and found out half the units in the building more..

SL to host regional summit on sanitation

Feb 16 (DN) The South Asian Conference on Sustainable Solution for Sanitation (SACOSAN – 3S) will be held from February 21 to 23 at Berjaya Hotel Colombo under the patronage of Minister Rauff Hakeem and State Minister Lucky Jayewardene. 3-day conference will provide a platform to learn about scalable sanitation solutions and best practices from South Asian national govts as well as water and sanitation experts and practitioners from the region. more..

Lankan pro golfers tee off into new season

Feb 16 (ST) The top four SL Professional Golfers R A Anura Rohana, Mithun Perera, N. Thangaraja and K. Prabagaran, ventured into the new season of PGTI (Professionals Golf Tour of India) 2019, as they participate in the curtain raiser in Hyderabad, at the Golconda Masters 2019, played at the Hyderabad Golf Club, from Feb 6th – 9th. After 3 Rounds M. Dharma led the field at 16 under par, from youngster Karandeep Kochhar, Multiple Winners Rashid Khan, S. Chikkarangappa more..

Moving to the Sri Lankan Rope Trick

Feb 16 (Island) The debate about the Indian rope trick described as the world’s greatest illusion continues. But we have now moved to our own Rope Trick age. Prez Sirisena is showing signs of possibly beating all those Indian magicians by making a big performance of his own Rope Trick. He cannot trust a SL rope for his trick, with a possible May Day performance. It has to be imported – guess from where – India or China. more..

Prez Sirisena: Performance versus Promises

Feb 16 (Island) The writer was among those who, from 2004 onwards, had opposed in the Courts and the Press, certain unconstitutional acts of Prez Mahinda Rajapaksa (MR). It was in this context, and in view of Venerable Maduluwawe Sobhita Thero’s backing of the little-known Maithripala Sirisena (MS), that the writer voted for MS in Jan 2015. The celebratory speech made by MS on 9 Jan 2015 was so refreshing and sincere-sounding that the writer, like hundreds of thousands of others more..

Jaffna University: Students act contrary to strictures set

Feb 16 (CT) During the Eelam war and when universities were closed for about two years during the late 1980s uprising of the JVP with their policy of crippling the govt, the Jaffna University admirably continued lectures and exams. Later, when universities in other parts of the country had to be closed, sporadically, due to protest marches et al, mostly against SAITM, in Jaffna the doctors continued to pass out and degrees were conferred. So, its worrying to know that a situation has more..


Have SOEs already become irreformable?

Feb 16 (DN) There is no business for the govt to be in business, is a formula advocated by many western economic experts. In a way, it makes sense because, Govt bureaucracy is not equipped to run state owned enterprises (SOEs) with profit-driven management style. This is known as principal-agent argument. According to it, since a SOE is by definition run by a group of people who do not own it, they would have no incentive to run it profitable and efficiently. more..

Edtorial: Trump hits the wall?

Feb 16 (Island) US President Donald Trump is in an unenviable position; he is struggling to raise funds for the American version of the Great Wall to be built along the US-Mexico border. Worse, he has had to bow to the inevitable and soften his stand. He was expected to sign a compromise border security measure, on Friday, and it was not known, at the time of writing, whether he had done so. It is not possible for him to back out because there will be a political backlash in case attempts being more..

Remembering Anura Bandaranaike

Feb 16 (FT) The Man Who Would Be King is the title of a long tale written by Rudyard Kipling in 1888. This very popular story was made into a successful film starring Sean Connery, Michael Caine and Christopher Plummer by the well-known director John Huston in 1975. The objective of this article however is not to write about the story or film but to focus on a man who always wanted to be king but was unable to mount more..

Cloud technology for J’pura boys

Feb 16 (SO) Grade Eight students of Sri J'pura Boys School were introduced to Cloud-Based Smart Classrooms last Thursday. They were seen with only a tab in their hands, ready for the day’s lesson. Class teacher, Indrani Dhammika took them through the introductory video explaining the lesson with the students following her through their tabs. A smart classroom is one of the radical changes in the SL education system. Replacing text books with digital technology is a significant achievement. more..

Jeremy Bolling: A legend bids adieu

Feb 16 (SO) What would you do if it was your very last day on earth, and tomorrow you had to die? Jeremy Bolling would have sailed the seas, and as he once said in a newspaper interview conquered his dreams, because that was what life was to him: dreaming big and then going on to achieve those dreams. The rest of his time on earth, he would have spent with his family. Jeremy John Bolling was diagnosed with pancreatic cancer a year and a half ago. Last Thursday he passed away more..

6 Things Sri Lankans never buy

Feb 16 (Roar) Sri Lankans are well-versed in the business of recycling things but not always in ways you’d expect. And this holds true even in the face of growing concern about the pollution that is prevalent across the country. Happily, there are plenty of green initiatives coming up to make waste materials reusable and to rid the land of pollution. However, that is not the kind of recycling that Sri Lanka is notorious for. more..

The laws delays: Possible remedies

Feb 16 (CT) Lakshman Kadirgamar was assassinated 13 years ago – and a suspect was arrested in Germany, just the other day. Here, by all accounts was a high Profile case. If it took so long to even apprehend a possible suspect, what can an ordinary citizen expect? A partial answer comes from another report that a man is just been sentenced for a murder committed at the end of the last century (1998?). Will the murders of Lasantha Wickrematunge and of Wasim Thajudeen more..

Wijeyadasa Rajapakshe’s empty rant

Feb 16 (CT) Wijeyadasa Rajapakshe (WR) has joined Prez Sirisena’s reckless verbal onslaught on the Constitutional Council (CC) that was set up by the 19th Amendment. I use, verbal onslaught, intentionally since, as in the case of the previous criticism, WR’s own two -cents -worth solo chorus is devoid of any justification in terms of evidence; it is just a lash. One can understand President Sirisena’s frustration since what squashed the latter’s quixotic, mad, manoeuvre to violate our constitution more..

Du Plessis, bowlers give South Africa vice-like grip

Feb 15 (CI) Sri Lanka were buoyed by Lasith Embuldeniya's debut five-for that rattled South Africa before tea, but hope dissipated soon after as they lost a clutch of wickets to give the hosts total control of the Durban Test. South Africa rode on Quinton de Kock's second fifty of the match and Faf du Plessis' 90 to inch closer to 300 before losing 5 for 8 to set Sri Lanka 304. Then their quicks dug in after a solid second-innings beginning more..

Pakistan, Sri Lanka discuss maritime security dynamics

Feb 15 (APP) Chief of the Naval Staff Admiral Zafar Abbasi and Chief of Defence Staff SL Armed Forces Admiral Ravindra Wijegunaratne Thursday held a meeting here and discussed maritime security dynamics. During the meeting, matters of mutual interest including defence related collaborations and maritime security dynamics came under discussion. Naval chief highlighted Pakistan Navy’s (PN) efforts for ensuring maritime security and peace in the region through Regional Maritime Security more..

54 university students suspended over ragging incident

Feb 15 (NR) 54 second year students of the Agriculture Faculty of the University of Sabaragamuwa have been suspended for one week. The suspension comes into effect from today and was imposed on charges including ragging new students within the University premises. Dean of the Faculty Dr. Manjula Magamage said the suspension was a minor punishment. The students were reportedly suspended over an incident reported on the 12th of February. more..

Video: Ranjan could be right about ministers using cocaine: DV Chanaka

Feb 15 (AD) UPFA MP D.V. Chanaka expressed his views in response to State Minister Ranjan Ramanayake’s recent remarks alleging that there are some politicians and athletes in Sri Lanka who consume cocaine. MP said that while he appreciates Ramanayake’s disclosure about the ministers he does not believe the allegations made about the country’s athletes. The reason for this, he explained was due to the fact that more..

Applications called for 2019 A/L exam

Feb 15 (DM) Dept of Examinations announced Feb 25 as the deadline for accepting applications for the GCE A/L exam for 2019. Examinations Dept Commissioner said late submissions would be rejected and that the applications should reach the department on or before March 1. Applications had already been sent to schools to hold the exam under the new and old syllabi. Applications for private candidates had been published on Dinamina, Daily News and Thinakaran on Feb 13. more..

Woman dies due to acid attack

Feb 15 (DN) A woman from Kamburupitiya had died due to an acid attack carried out by two persons while she and her daughter were asleep at their home. The mother and daughter had been asleep in their home at Amalka Niwasa, Bolagewatte, Rathkekulawa, Kamburupitiya around 10.30 pm when two persons had entered the house, attacked them with acid and fled. The victims were admitted to the Kamburupitiya, Aandapana Hospital and the mother was later transferred to the Matara more..

SriLankan probe: CBSL Deputy unable to answer judge’s query

Feb 15 (Island) The law did not allow the Central Bank (CB) to issue Treasury bonds to raise funds for institutions, member of the Presidential Commission on SriLankan, Court of Appeal Judge Gamini Rohan Amarasekara said. He asked Deputy Governor of the Central Bank S.R. Attygalle who would be held responsible if such funds were misappropriated. Attygalle told the PCoI that he was in not in a position to answer that question. more..

Arrested ports worker’s ma-in-law apprehended

Feb 15 (CT) Veyangoda Police, having searched the Veyangoda house of the SL Ports Authority worker, who was apprehended for having possessed a stock of Kerala ganja, along with a Sub Inspector (SI) attached to the Presidential Security Division (PSD), at Nochchiyagama, on the night of 13 Feb, have also arrested Ports worker’s mother-in-law, who had also possessed three kilos of Kerala ganja. The arrested woman is aged 63. The raid had been led by the OIC of the Heedogama Police Station, more..

Madush’s arrest another step in President’s drug eradication programme: Amaraweera

Feb 15 (AD) A presidential candidate, selected in agreement with President Sirisena and former Prez Rajapaksa, will be put forward for the upcoming election, says the General Secretary of UPFA Mahinda Amaraweera. He stated this speaking to the media in Lunugamvehera yesterday. Commenting on the alleged ties between former DIG Nalaka de Silva and Makandure Madush, MP said that Nalaka de Silva’s named was also mentioned in the VIP assassination plot as well. more..

Dispensing antibiotics sans prescription common: Ruhuna Uni study

Feb 15 (CT) The Uni of Ruhuna has revealed that dispensing antibiotics without a prescription is a common practice in local pharmacies and that in most instances, pharmacy staff neither inquired after patient’s history nor requested the patient to obtain the advice of a doctor. The simulated client study (described as a study, which involves sending people to a particular area, not revealing their identity to anyone nor providing their more..

Prez & PM condemn Pulwama terror attack

Feb 15 (GDI) Prez Maithripala Sirisena and PM Ranil Wickremesinghe have condemned the Pulwama terrorist attack and offered their condolences to Indian PM Narendra Modi. At least 37 CRPF personnel were killed and five injured on Thursday in one of the deadliest terror attacks in Jammu and Kashmir when a Jaish suicide bomber rammed a vehicle carrying over 100 kg of explosives into their bus in Pulwama district. “I strongly condemn the brutal terrorist attack in more..

Policies matter over politician: Basil

Feb 15 (FT) SLPP National Organiser Basil Rajapaksa said the party would focus on formulating and giving popularity to their policies as they believe policies would attract voters more than a candidate. “There is no other country like Sri Lanka which had to learn a hard lesson from working toward the victory of a particular individual. Therefore we think that policies should be given focus as they have the power to attract voters as much or more than the candidate,” he added. more..

Farmers seek redress from HRCSL over drought compensation

Feb 15 (CT) The All Ceylon Peasants’ Federation (ACPF) lodged a complaint, with the Human Rights Commission of SL, against the Polpithigama Divisional Secretary, for allegedly not giving compensation to farmers who were affected by the drought in 2018. Convener for ACPF, Namal Karunaratne claimed that Polpithigama DS has not given compensation during the period of the political Crisis of 26 Oct 2018. more..

Apeksha Hospital responds: Certain pvt lab test bills reimbursed

Feb 15 (CT) The Apeksha Hospital for Cancer Patients, while noting that is compelled to divert their patients to private sector hospitals, to carry out certain laboratory tests, due to the unavailability of such facilities in the Govt health sector yesterday, insisted that such bills are reimbursed once provided with the receipt. Acting Director of Apeksha, Dr. B.I. Kurukulasuriya, responding to the story in Ceylon Today on 14 Feb titled Cancer patients in a quandary, wrote that more..

Govt can’t postpone 2020 Prez Poll: Dullas

Feb 15 (CT) UPFA MP Dullas Alahapperuma stated that the Govt will not be able to postpone the 2020 Presidential Poll based on Article 30(3) of the Constitution. MP stated that though the Govt had intentionally delayed the staging of the LG Poll and the Parliamentary Poll, they will struggle to delay the Presidential Poll as it would entail a direct violation of the Constitution. He made these remarks during an event held to inaugurate a weekly fair in Kekanadura in Matara on 13 Feb. more..