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Govt puts draft National Tourism Policy for public review

Nov 24 (FT) The Govt has called for public views to complete the first draft of the National Tourism Policy blueprint, as part of its ongoing efforts to develop a more resilient sector. Sri Lanka Tourism seeks to springboard from recovery to become a more agile and resilient sector. Over the past one year, Tourism Ministry has taken many steps to formulate a National Tourism Policy for SL and it has now come to the final stage of more..

Chess National championships from Nov. 28

Nov 24 (DN) Chess Federation of SL ( CFSL) is expected to conduct SL National ‘B’ and Women's National ‘B’ Chess Championships 2021 which is scheduled to be held from Nov 27-28 and Dec 3-5 at Public Library, Colombo under the health guidelines. IMs, FMs/WIMs, WFMs and players having more than 1700 ratings, girls with more than 1400 ratings are directly qualified to the respective event. In addition all players played in SL National ‘B’ Chess C'ships in 2020 are also eligible for the event. more..

Colombo bourse gathers more momentum

Nov 24 (FT) The Colombo stock market gathered more momentum yesterday with both indices gaining by over 1% on the back of healthy turnover, whilst LOLC shot to fame yet again. The All Share Price Index (ASPI) gained by 1%, or over 111 points, and the S&PSL20 improved by 1.56% or over 57 points. LOLC saw 1.1 million of its shares change hands via 2,814 trades for Rs. 921 million. It closed at Rs. 894.25, up by Rs. 126.25 or 16.4%. It touched an intra-day high of Rs. 917 & a low of Rs. 770. more..

පොඩි එකට හිර ගෙදර යන්නත් ලොකු එකට...

NDB debenture issue draws Rs. 9.2 b demand

Nov 24 (FT) The latest debenture issue of the National Development Bank (NDB) had drawn demand worth over Rs. 9 billion. NDB issued six million BASEL III compliant, Tier 2 listed, rated, unsecured, subordinated, redeemable debentures of Rs. 100 each with a non-viability conversion with an option to issue a further 20 million more at the discretion of the Bank in the event of an oversubscription of the initial issue. The Issue was structured in two types of debentures, more..

Bank of Ceylon raises Rs. 5 b via latest debenture issue

Nov 24 (FT) Bank of Ceylon (BOC) has raised Rs. 5 billion via a private placement of Basel III Compliant, Rated, Unlisted, Unsecured, Subordinated, Redeemable Debenture issue with Non-Viability Write Down features. The amount to be raised was Rs. 5 billion with an option to issue up to a further Rs. 3 billion at the discretion of the bank. This issue was approved by the Securities and Exchange Commission of SL and Central Bank of SL. Bank General Manager K.E.D. Sumanasiri said more..

Dengue: An added concern amidst the pandemic

Nov 24 (TM) The number of dengue cases are on the rise, with the ongoing rainy season nurturing breeding grounds for mosquitoes. Over 24,160 dengue cases have been reported so far for this year. With the high population density, the Western Province acts as a dengue hub in the country, while cases are also being reported in almost all districts. Generally, dengue has a seasonal transmission in Sri Lanka with more..

Dialog powers LPL as Telecom Partner

Nov 24 (CT) SL’s premier connectivity provider, Dialog Axiata PLC, has come forth to power the 2021 edition of the Lanka Premier League (LPL) as the official Telecommunication Partner of the tournament. The organisers, IPG Group, released the LPL song EkwaJayagamu sung by a stellar line-up of artistes at the launch. LPL is set to feature the best in talent from across the world, and also acts as a proving ground for domestic budding cricketers, providing them with the chance to display more..

Managing debt, finding dollars

Nov 24 (ST) One of the glaring omissions in last week’s budget presentation was the absence of a clear and much-awaited statement on SL’s foreign currency crisis and debt management, two vital segments in the country’s economy at present. While everything hinges on the shortage of dollars which has resulted in queues – fuel, kerosene, sugar and cooking gas – and the 50-day closure of the Ceylon Petroleum Corporation (CPC) Refinery at Sapugaskanda near Colombo, clear signals more..

Sachini shatters national pole vault record again

Nov 24 (Island) SL Signals Corps athlete Sachini Kaushalya improved her own SL national record with a leap of 3.60 metres to win the women’s pole vault title as records continued to fall on day two of the SL Army Athletics Championships at the Sugathadasa Stadium on Tuesday. Kaushalya broke her own record of 3.57 metres which she established at last month’s second leg of the National Championships. In the corresponding men’s event more..

SL-Pakistan private sector steps up collaboration to boost trade, investment

Nov 24 (FT) Having shared a deep-rooted strong political, cultural and economic relationship for decades, SL and Pakistan private sectors yesterday stepped up efforts to boost business and investment opportunities. Rawalpindi Chamber of Commerce and Industry (RCCI) of Pakistan inked a number of MoUs between the Chamber of Commerce of SL (CCC) and Federation of Industry and Commerce of SL (FCCISL) and few individual firms, to enhance trade ties between the two countries. more..

Editorial: Great brain flight

Nov 24 (Island) Two SL academics, in an article published in today’s Midweek Review section, discuss the vexed issue of brain drain affecting this country. They have identified the causative factors and suggested some ways and means of breaking the back of the problem. Their arguments are tenable and worth consideration. We, however, do not labour under the delusion that the government politicians and their lackeys in key positions in the state service will care to read and more..

සාගතයක් අත ළඟ

Sri Lanka misses Mangala Samaraweera

Nov 24 (CT) The 3-month remembrance of the late Minister Mangala Samaraweera falls today. The former Minister had made an impact as a radical and a revolutionary politician in the local political firmament during his chequered political career. Southern Province had produced politicians of note to this country from generation to generation. Among such politicians produced by that part of the country was Mangala Samaraweera. The demise of the former Minister was felt by most people here more..

Sajith tests the waters

Nov 24 (CT) Sajith and the SJB (S/S) made a correct judgement call. The proposition they put to the test was: The unpopularity of the govt has peaked; it is the right moment to start mobilisation. The outcome was a success. The turnout on Galle Face Green (Brown?) was large despite efforts by the police to block attendance; the crowd was angry and mirrored the mood in the country at large; and rumours are afloat that Mahinda is sending feelers about a coalition between a Mahinda-Faction more..

Cattle slaughter ban: It’s not intentions, but consequences that matter

Nov 24 (TM) The Cabinet approved the Bill to amend laws to ban cattle slaughter in the third week of October. While this is a contentious policy measure, it did not come as a surprise as the PM proposed the same policy just over a year ago in Sept of 2020. From the outset, it may seem that the policy is well-intended. Alleviating animal suffering is a noble cause that many Sri Lankans would identify with. more..

Let us liberate ourselves to end all forms of slavery

Nov 24 (DM) The United States’ most respected and greatest President Abraham Lincoln - the man who freed his country from the curse of slavery has also pointed out that slavery is founded on the selfishness of the people’s nature and opposition to it is based on the people’s love of justice. Mahatma Gandhi has said that to end slavery, we need to overcome the physical and mental inertia of the people and broaden their intelligence and creative faculty. American abolitionist Harriet Tubman more..

Stop harassing women

Nov 24 (CT) Even though verbal abuse is not something rare in the House, hurling sexist remarks to verbally abuse a woman MP in the Opposition by a ruling party legislator is not something that an ordinary civilised person of this country would expect to witness and in fact affects the decorum of the august assembly. The recent statement made by SLPP MP Tissa Kuttiarachchi during his budget debate speech criticising the statements previously made by MP Rohini Kaviratne in her absence more..

Traders millers rule the roost in rice mafia

Nov 24 (DM) Govt of SL issuing a gazette on September 2 announced that a maximum retail price for rice would be imposed to regulate the increasing price of rice. The gazette was issued on the orders of CAA Chairman Maj. Gen. Shantha Dissanayake under Section 20(5) of the CAA Act No 09 of 2003 imposing a price of 125 rupees for a kilo of Keeri Samba, 103 rupees for red and white Samba, 98 rupees for white and red Nadu more..

Two years of presidency

Nov 24 (DM) A glorious day passed without much funfair. Two years ago on Nov 16, 6.9 million SL voters elected as their executive president Gotabaya Rajapaksa, the wartime defence secretary cum the presidential brother. Younger Gotabaya Rajapaksa was anointed as the candidate of the newly formed SLPP by the elder brother Mahinda Rajapaksa, who was deprived of the chance to run for a third term - or even fourth or fifth like the peers in Africa and Russia & now in China - by 19th amendment. more..

Smashing fertilizer myths

Nov 24 (GV) About a decade ago, a statement by a medical doctor in the United States made overnight headlines. He was a popular television personality too. When he learned about the presence of arsenic in commercially available apple juice, he warned the public through his television show that they were better off squeezing their own juice rather than buying the readymade. The truth, however, is that the juice inherits arsenic from fresh apples. This is because apples naturally contain more..

පාලම් පාරුව පෙරළිමේ සිදුවීම ගැන විශේෂ පරීක්ෂණයක්

Sajith and Maddumabandara to raise objections against Diana’s petition

Nov 23 (DM) Opposition Leader Sajith Premadasa and SJB General Secretary Ranjith Maddumabandara through their lawyers have informed Supreme Court that objections will be filed against the expulsion petition filed by Parliamentarian Diana Gamage. Diana Gamage had filed a petition before the Supreme Court challenging the SJB for expelling her party membership. When the petition was called before Supreme Court three-judge-bench comprising more..

Govt aims to consolidate large taxpayers: Dr. P.B. Jayasundara

Nov 23 (DM) SL govt will aim to consolidate large taxpayers, as 80% of tax revenue is generated by 20% of taxpayers, Secretary to the President, Dr. P.B. Jayasudnera said in Colombo recently. Speaking at the Colombo Development Symposium (CDS) on Nov 15, Dr. Jayasundara said that taxation should focus on the banking sector rather than the real economy. He added that steps would also be taken to acquire non-collected tax revenue amounting to 1.5% of GDP. more..

Govt calls for EOIs to build, operate 5 rice mills

Nov 23 (FT) In a fresh move aimed at addressing stock shortages and price hikes, the Govt has called for Expressions of Interest (EOIs) from investors keen on constructing and operating new paddy mills. The initiative is a result of the Cabinet decision taken in August to build five rice mills in the Kurunegala, Anuradhapura, Batticaloa, Hambantota and Ampara districts under a public-private partnership (PPP) and distribute more..

CFA Society SL rings the Stock Market opening bell to Mark its 20th anniversary

Nov 23 (AD) CFA Society SL rang the Opening Bell to commence trading at the CSE Monday to celebrate its 20-year anniversary. The event was followed by launch of the Commemorative Cover and Stamp, as a part of a series of initiatives conducted by the society to celebrate this significant milestone Special market opening ceremonies are organized by the CSE as a platform for listed companies to celebrate corporate milestones and as a call to action for causes and developments more..

SL High Commission in Singapore facilitates donation of Covid-19 medical equipment

Nov 23 (MFA) SL High Commission in Singapore facilitated a consignment of 50 BiPAP machines and 8 ventilators donated by the Temasek Foundation of Singapore to support SL’s efforts to contain COVID-19. The donation was presented at a symbolic ceremony held at the Foreign Ministry in Colombo. Foreign Secretary Admiral Prof. Jayanath Colombage handed over the donation to State Minister Prof. Channa Jayasumana and Secretary of the State Ministry Dr. R.M.S.K. Rathnayake. more..

Video: Heated argument in Parliament over MP Tissakuttiarachchi’s conduct

Nov 23 (DM) A heated argument over the conduct of MP Janaka Tissa kuttiarachchi brought ruling and opposition MPs close to exchanging blows today. The argument flared up when Tissa kuttiarachchi refused to tender an apology to MP Rohini Kaviratne whom he had insulted using abusive words. Tissa kuttuarachchi was making a fiery speech when MPs Hesha Withnage and Chaminda Wijesiri tried to storm in towards more..

ACMC suspends MPs who supported Budget 2022

Nov 23 (TM) ACMC, led by former minister and MP Rishad Bathiudeen, decided to suspend the three MPs of the party who voted in favour of the Budget 2022 in Parliament yesterday. The ACMC said it has also decided to take disciplinary action against the three members of the party. “The Political Authority of ACMC has unanimously decided to suspend and take necessary disciplinary action against the three MPs of the Party who voted for the Budget 2022 in contradiction to the decision of the Party,” more..

Video: Top Russian security official calls on President Rajapaksa

Nov 23 (AD) Secretary of the Security Council of the Russian Federation Nikolai Patrushev has called on Prez Rajapaksa at the Presidential Secretariat on Monday (22). Mr. Patrushev serves as the Secretary of the Security Council of the Russian Federation since 2008, having previously served in the Committee for State Security (KGB) of the Union of Soviet Socialist Republics (USSR) and of the Federal Security Service of Russia. Bilateral relations between SL and Russia will mark more..

Energy minister calls for fuel pricing formula if stabilisation fund is no go

Nov 23 (EN) Days after Central Bank called for a price formula for petroleum, Energy Minister Udaya Gammanpila told parliament that a formula must be adopted immediately in the event a stabilisation fund is not maintained. Gammanpila said it is the poor who will have to bear the burden if fuel prices in SL are not revised to reflect world market prices. “The super rich of this country own vehicles that do only 3 or 4 km per litre. more..

Case against 25 accused in Easter attacks fixed for Jan. 12

Nov 23 (AD) The case against Naufer Mawlawi and 24 other accused in the 2019 Easter Sunday terror attacks will be taken up again before Colombo High Court Trial-at-Bar on Jan 12, 2022. The case was called before High Court Judges Damith Thotawatta, Amal Ranaraja and Nawarathna Marasinghe earlier today. The defendants were produced before the court by prison officials under tightened security. Last month, the Colombo High Court Trial-at-Bar served charges on the accused in more..

Diana Gamage’s petition against expulsion from SJB fixed for hearing

Nov 23 (TM) A petition filed by National List MP Diana Gamage, challenging the decision taken by the SJB to expel her from the party, has been fixed for hearing. The petition was called before the Supreme Court bench consisting of Justices Preethi Padman Surasena, Gamini Amarawekara and Shiran Gunaratna today. The respondents named in the petition were instructed to file any objections before 13th of Dec. A total of eleven individuals including SJB’s General Secretary more..

Golden Gate Kalyani to be declared open tomorrow

Nov 23 (AD) New state-of-the-art Kelani Bridge named Golden Gate Kalyani in Peliyagoda will be declared open tomorrow (24). The event will be held under the patronage of Prez Rajapaksa and PM Rajapaksa, Minister Johnston Fernando said. The six-lane bridge, which aims to ease the traffic congestion in Colombo and suburban areas, is the first-ever to be constructed in SL with hi-tech stay cables. more..

SL bound to go for dialogue with IMF this December: Ranil

Nov 23 (DM) SL is bound by section 4 of the UN Monetary and Financial Conference to go for a dialogue with the IMF in December this year, UNP MP Ranil Wickremesinghe told Parliament today. MP who was speaking during the committee stage debate on the budget said the IMF was established under the UN Monetary and Financial Conference to promote international monetary cooperation. “SL is bound to go for a dialogue with the UN under section four of the UN Monetary and Financial more..

Coronavirus: 542 new cases and 24 deaths confirmed

Nov 23 (AD) Director-General of Health Services has confirmed another 24 coronavirus-related deaths for Nov 22, increasing the death toll in the country due to the virus to 14,182. The deaths reported today include 15 males and 09 female patients. Four of the victims are between the ages of 30-59 years and another is aged below 30 years. The remaining 20 are in the age group of 60 years and above. Meanwhile, Ministry of Health has reported that another 542 persons have more..