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SEC filing charges against 2 more pump and dump era market offenders

Jul 7 (ST) Fresh from attempts to nab two stock market offenders, capital market regulator, SEC is flexing its muscles to net two more high profile felons from the infamous pump and dump era, well connected sources say. They said that certain offenders during 2011 to 2013 when the worst manipulations of the stock market by high net worth investors happened creating a bubble, are on the chopping block. more..

SLT employees contemplate ‘disobedient’ action against poor management

Jul 7 (ST) Sri Lanka Telecom (SLT) is now in dire straits owing to its failure to adopt sensible management practices, Telecommunication Engineers Union (TEU) alleged. In a letter to SLT chairman P.G. Kumarasinghe Sirisena, TEU President Samantha Ruwanpathirana stated that SLT has proven a fertile ground for enacting decisions made outside of it, thus causing negative consequences to the organisation. As at today, it is uncertain that SLT has a proper more..

Red tape, regulations stumbling blocks for Sri Lanka startups

Jul 7 (EN) Bureaucratic red tape and regulatory barriers are hampering Sri Lankan startups, according to a survey carried out by the SL Association of Software and Service Companies (SLASSCOM). The survey found that 49% of respondents think lack of govt support to enable a startup environment was extremely challenging, while 15% thought it was somewhat challenging, and 21% slightly challenging. "Red tape has been identified as a major obstacle, where more..

GMOA perturbed over 15-year buy back guarantee offered to Russian cancer drugs

Jul 7 (Island) Amidst an uproar over the procurement of the questionable Russian-made Trastuzumab and Bevacizumab oncology drugs, GMOA warned that ongoing moves to offer a 15-year buy back guarantee for the controversial products would translate into a staggering Rs. 50 billion loss to the country. "This is atrocious", protested Dr. Haritha Aluthge, GMOA’s Secretary, who asserted that the envisaged buy back guarantee more..

The World Cup fiasco

Jul 7 (Island) The national cricket team has returned home after an unsuccessful World Cup campaign. It is the first time since 1999, they failed to qualify for the second round of the tournament. At the start of the campaign, no one gave Sri Lanka a chance to make it to the semis as they had been whitewashed in New Zealand and South Africa lead up to the tournament and as a result slipped to number nine of official ICC Rankings. To finish sixth in that context wasn’t bad at all. more..

Dutch envoy plays Babi Aachchi role

Jul 7 (ST) In a novel move to build a green Sri Lanka, a car-free day will be observed next Sunday from 6 am to noon in parts of Colombo. The event is being organised by the Colombo Municipal Council and the government of the Netherlands, a country reputed for embracing cycling as the preferred means of transport. To ring in this fact, Dutch Ambassador Joanne Doornewaard cycled to the Town Hall media conference where details were announced. Our picture shows more..

Rohit, Rahul smash centuries; India beat SL

Jul 7 (CI) India didn't quite get to test their middle order one last time before the semi-final, but Rohit Sharma and KL Rahul put up India's fourth century for the opening stand in the tournament, made centuries of their own, and helped India to 15 points at the end of the group stage as they galloped to a seven-wicket win over Sri Lanka. The openers put on 189 of the 265 India were set, unleashing strokes that ranged more..

Sri Lanka: Near yet too far from CWC semis

Jul 7 (ST) So, Sri Lanka’s World Cup journey has ended without qualification. Few predicted they would reach the semi-finals and their final mid-table position represents a decent performance in the circumstances. Nevertheless, it was ultimately a disappointing campaign. In hindsight, it feels like we could and should have done better and could have competed harder for the fourth qualification spot secured by New Zealand. SL were dogged by the inability to balance out the side with more..

Naval personnel break sweat to clean beaches in Southern Naval Command

Jul 7 (SLN) Naval personnel attached to the Southern Naval Command took part in a worthy drive to clean-up beaches in the Southern Naval Command, today (6). Accordingly, under the supervision of Commander Southern Naval Area, Rear Admiral Kassapa Paul, naval personnel of SLNS Dakshina, SLNS Nipuna, SLNS Ruhuna and Naval Deployment Hambantota belonging to the Southern Naval command were engaged in cleaning the beaches of Habaraduwa, Gintota, more..

What's Angelo Mathews' worth? He will remind you

Jul 7 (CI) Shahid Afridi had a hundred comebacks, Ross Taylor batted for years with a growth in his eye before realising it, Irfan Pathan's unrealised potential is infamous, but as far as ongoing careers go, none is more vexing than that of Angelo Mathews. At 32, he has been captain in two separate stints, been touted as the next all-time SL player, been dropped partly for his running between the wickets, resigned from the captaincy, more..

Madugalle, Dharmasena in a unique stand

Jul 7 (SO) Two leading former Observer Schoolboy Cricketers of the Year main award winners have showcased Sri Lanka’s glory to the world once more in the 2019 ICC World Cup by playing two different major roles as officials. Former SL captain Ranjan Madugalle is once again playing the all-important role of ICC’s Chief Match Referee while the ICC’s top award winning former World Cup winner Kumara Dharmasena is serving in the elite umpires’ panel. Up to the last India-Bangladesh WC match more..

WC 2019: South Africa beat Australia

Jul 7 (CI) They have one foot on the plane home, and South Africa have finally turned up at the World Cup. In the final league game of the tournament, the Proteas corrected many of the mistakes that had plagued their campaign to secure a consolatory 10-run victory over Australia at Old Trafford. Their batsmen have struggled to convert starts, yet here there were very nearly two tons scored, Faf du Plessis leading the way with a round 100 and Rassie van der Dussen backing him up with 95. more..

Main political parties split as Presidential election nears

Jul 7 (CT) A group of senior political figures in SLPP gathered at the official residence of Opposition Leader Mahinda Rajapaksa at Wijerama Mawatha last week to have a serious discussion on going ahead with proper plans to intensify their organising at electoral level aiming any impending election. Gampaha District MP Prasanna Ranatunga who was completely dedicated to getting his team fully engaged in more..

PCoI on Govt frauds: Northsea Ltd. imported low-quality threads for fishing nets

Jul 7 (DM) A government-owned fishing net manufacturer, the Northsea Limited, methodically has imported low-quality material from India, it was revealed at the PCoI to investigate corruption in the current administration. J.P Fernando and Sons CEO Jude Praveen informed the Commission that earlier fishing nets were manufactured by Cey-Nor Foundation and they used import threads from Toray Industries in Japan, a well known international company in the industry. more..

USA’s Sri Lankan quagmire over ACSA and SOFA

Jul 7 (Island) Last week, the debate on the proposed Status of Forces Agreement (SOFA) between SL and the US took centre stage. The proposed SOFA is not something specific to this country but a generic agreement signed by the US with many other states. Many of the provisions would be the same in SOFA’s throughout the world. However, the very idea of entering into a Status of Forces Agreement with the US ran into a storm of protest in SL with even outfits like the CCC and more..


White collar greed

Jul 7 (ST) Finally it happened, after more than four years. SL’s biggest white collar crime in decades came to courts last week with indictments being filed in the CB bond scam against nine persons and chief culprit firm Perpetual Treasuries Ltd (PTL), by the Attorney General. The accused are former CB Governor Arjuna Mahendran, former CB Deputy Governor P. Samarasiri, Perpetual chief Arjun Aloysius, PTL CEO Kasun Palisena and Arjun’s father Jeffrey Joseph Aloysius among others. more..

Life hangs in the balance

Jul 7 (ST) My dear Hangman, I thought of writing to you because the entire country is suddenly talking about you, and becoming worried that we will soon start executing people, just because Aiyo Sirisena wants to do so. I am told that you have already been recruited, trained, and it is only a matter of time before you get to work. All this is because Aiyo Sirisena believes that by reintroducing the death penalty, he will be able to put an end to drug trafficking in our society. more..

'No US base or long-term US military presence mentioned in negotiations'

Jul 7 (CT) Public Affairs Officer (PAO) of the U.S. Embassy Colombo, David J. McGuire, clarifies matters relating to three controversial Agreements between the Govt of SL and the US that has caught the attention of the Sri Lankan public. Three Agreements namely the Acquisition and Cross-Servicing Agreement (ACSA) between the US and Sri Lanka that was signed in 2017, Status of Forces Agreement (SOFA) more..

Confusion worse confounded

Jul 7 (Island) The country is where it is thanks to partisan party politics which takes precedence over everything else. The economy is struggling to remain afloat and the tourism sector is still lying supine following the Easter Sunday carnage. Another National Thowheed Jamaath cadre wanted in connection with the terror strikes in April has been arrested. This is proof that the situation is not so rosy as the govt has made it out to be. The suspect in custody cannot be the only terrorist left. more..

Multi-trillion pickpockets of the public purse

Jul 7 (ST) Presidential Commission that has investigated SriLankan Airlines and its subsidiary, Mihin Lanka, has placed the official seal on several outlandish happenings that have taken place at these exalted institutional sacred cows and been talked about over the years. The way the national airline has been run is pathetically symptomatic not only of the lack of financial expertise and managerial skills of successive politicians who ran the country, but also of their succumbing to more..

AG whips bond case to the finish line

Jul 7 (SO) It has been over four years since the infamous Central Bank Treasury Bond auction of 27 Feb 2015, which led to huge losses being incurred by the state due to the actions of former CB Governor Arjuna Mahendran, Perpetual Treasuries Limited (PTL) and the son-in-law of the governor and PTL owner, Arjun Aloysius. After years of dragging feet and media circuses by the CID and several officers of the AG’s Department, more..

ITAK must do some soul-searching

Jul 7 (CT) On Friday (5), the Kilinochchi office of ITAK, the main constituent partner in the TNA commemorated the Black Tigers Day, observed in memory of the first LTTE suicide bomber, who steered an explosive-laden truck towards an Army camp at Nelliady Madhya Maha Vidyalayam on 5 July 1987, killing scores of soldiers and injuring many. From then until their military defeat in 2009, the LTTE carried out several dozen suicide bombings around the country, killing more..

Upholding moral spirit of the Republic

Jul 7 (SO) When a nation is at a moral crossroads – its political managers pushing limits and, the citizenry and their ethical leaders in contention – that third arm of the modern republic, the judiciary, must play its societal role to the full. In such crisis situations, the judiciary’s task is to mediate between strands of contending discourse, firstly, by offering platforms for reasoned, constructive, authoritative deliberation. Secondly, the judiciary offers constitutionally-informed options for more..

Muslims in Sri Lankan highlands to down shutters as hardline Buddhists meet

Jul 6 (Reuters) Shops owned by Muslim traders in the SL central highlands district of Kandy will remain closed on Sunday as thousands of hardline Buddhist monks gather to decide who to back in the country’s upcoming presidential elections. The gathering, called by Galagoda Aththe Gnanasara, the influential head of Buddhist nationalist group BBS, is worrying Muslim traders and residents in Kandy, an ancient capital more..

Sri Lanka to cut embarkation tax by US$10 to boost tourism

Jul 6 (EN) Sri Lanka is planning to cut the embarkation tax on tourists by 10 US dollars to boost tourism in the wake of Easter Sunday attacks, an official said. Vice Chairman of Sri Lanka Airport and Aviation Services Ltd Priyantha Kariyapperuma said the embarkation tax will lower ticket prices and make Sri Lanka more affordable. The budget for 2019 hiked the embarkation tax to 60 US dollars from April 01, about 10,500 rupees per passenger at the current exchange rate. more..

Video: Sri Lanka could have a dearth of intellectuals in another 10 years: Patali

Jul 6 (AD) The country must move forward in practicality regardless of the philosophies it follows, says Minister Champika Ranawaka. Addressing a public meeting held in Avissawella last evening (4), he said education is can change the direction of a country. What is important to move a country forward is not its philosophies but the practical aspects, the minister commented. Stating that the second largest urban Sinhalese population is reported from Melbourne in Australia, more..

Theft of revolver in Pudur, Batticaloa: Arrests after villagers assault Police

Jul 6 (DN) The Batticaloa Police have arrested four suspects on Thursday night in connection with the theft of a revolver when two officers were assaulted by a group of persons while they were on traffic duty in the Pudur area in the Batticaloa Police Division. The four suspects had been identified as 23-year-old Vasubala Nirmalaraj alias Nimmi, of Thibilathivu, Batticaloa, 55-year-old Ramiah Lecchchumanan, of Sethukuda, more..

2 new acts to expedite hearing of court cases

Jul 6 (DN) Two new Acts that would prevent delays in the hearing of court cases will be presented to Parliament, Justice and Prison Reforms Minister Thalatha Athukorale said. “The two Acts pertaining to the granting of bail by a High Court, will be presented to Parliament soon,” Minister Athukorale pointed out. Minister made these observations while participating in the opening ceremony of Matale High Court of Justice held under the patronage of Chief Justice Jayantha Jayasuriya. more..

Video: Revolver taken away form cop found

Jul 6 (DM) The revolver of one on duty traffic policemen which was taken away by an individual while two other policemen had tried to take an unlicensed motorcycle to the Police Station in Puttur yesterday in Batticaloa, had been found today, police said. They said the revolver was seen abandoned on a by road near the palace where the incident occurred. Two other individuals, who had come on a motorcycle, had attempted to stop the policemen taking the unlicensed motorcycle more..

Flaws in draft cybersecurity bill under review

Jul 6 (ST) The IT industry is concerned about transparency, intrusiveness and lag-time in responding to cyber attacks in the provisions of the draft cybersecurity bill and personal data protection framework, and the govt says it is willing to listen and review the legislation before parliament receives the bill in July. A major worry involves the broad mandatory powers vested in two new proposed agencies, more..

Don’t depend on others to rebuild SL: PM

Jul 6 (DM) Sri Lankans should build their nation on their own because no other country will help us in this endeavor, PM Ranil Wickremesinghe said yesterday. He said this at the opening of a new building at Rajasinghe MMV in Ruwanwella. “We will have to build our country by ourselves. No other country will do it for us. SL should take countries such as China and Korea which built their nations on their own. Talking of the past and embracing extremism will not help country in anyway,” more..

HC grants one month parole to Rajiv Gandhi case convict Nalini

Jul 6 (TW) The Madras High Court granted one month parole to Nalini Sriharan, who was convicted in the Rajiv Gandhi assassination case, now serving life imprisonment. Justice M.M. Sundaresh and Justice M. Nirmal Kumar allowed the same on the grounds that there were preparations to be made for her daughter's marriage. Once out, with a processing deadline of 10 days, Nalini has been directed against meeting political figures or giving media interviews. more..

BASL seeks meeting with President to discuss PC appointments

Jul 6 (FT) Bar Association of SL (BASL) President Kalinga Indatissa PC sought a meeting with President Sirisena to discuss concerns within the legal fraternity about the manner in which the President’s Counsel are being appointed. In the two-page letter, Indatissa explained in length why there are growing concerns that ad hoc appointment of PCs, some based on recommendation of politicians, is causing harm more..

One-day NIC issuing service re-commences by Monday

Jul 6 (GDI) The normal activities, which hampered by a sudden system failure of the Persons Registration Department will be normal by Monday, Operations and Information Technology Commissioner Harsha Ilukpitiya said. According to him it has been planned to recommence one-day service by Monday as usual once the computer system comes to normal. He added that the system failure was reported on Thursday and steps are now being taken to rectify the system by Monday. more..

SriLankan starts third direct Colombo-Delhi flight from today

Jul 6 (Island) SriLanka is launching on Thursday its third direct flight between Colombo and New Delhi. It will depart from here at 2330 hours and arrive in Colombo at 0300 hours. The third flight will operate on four days every week, namely: Thursday, Friday, Saturday and Sunday. It offers seamless onward connectivity to Melbourne, Singapore, Kuala Lumpur, Bangkok, Jakarta and Gan Island in the Maldives. The other two daily flights operate on all days of the week. more..