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CIFC laws before Cabinet in two months: PM

Jul 11 (FT) Colombo Int'l Financial City (CIFC) project is expected to take a step forward in the next two months when laws drafted to govern and lay the groundwork for the venture are presented to Cabinet, PM Ranil Wickremesinghe told a business forum in Singapore. PM outlined the investment expected from CIFC, more commonly known as Port City project, at a business forum organised for potential investors in S'pore. more..

British High Commissioner visits LSEG SL

Jul 11 (Island) A delegation led by British High Commissioner to SL, James Dauris visited London Stock Exchange Group (LSEG) SL at the Group’s facility in Trace Expert City, Colombo 10. High Commissioner was welcomed by Dee Liyanwela, Head of LSEG Sri Lanka along with members of the leadership team. This was the High Commissioner’s first visit to the UK-based Group’s facility in Colombo, where he was briefed on LSEG’s SL business & contribution to the economy. more..

Chinese tout menace goes rampant in several areas

Jul 11 (DM) Authorised tour guides in Sigiriya expressed concern about constant clashes between them and the Chinese touts, and they requested the govt to save the SL tour guides from touts. They pointed out that they obtained the tour guide licence from the Minister of Tourism after a formal training under the ministry and the Central Provincial Council. They said a member of the Sigiriya Tour Guide Association Hashan Dilruk (28) was injured in a clash between the SL Tour Guides more..

Lazard Asia, MTI Consulting to advise on Hilton, Hyatt sales

Jul 11 (FT) The National Policies and Economic Affairs Ministry has announced that the Cabinet Appointed Procurement Committee has recommended Lazard Asia Ltd., Singapore in association with MTI Consulting to be awarded the contract to act as an international transaction advisor for the sale of State-owned Hilton and Grand Hyatt Hotels. Public Enterprise Development Ministry called for Request for more..

Remittances fall for the 2nd month this year

Jul 11 (CT) Worker remittances declined for the second month this year in May to US$ 580.4 million, according to the Central Bank, which highlighted that the foreign exchange earnings from the sector during the first five months had slowed down to 3.3%. Worker remittances declined in February for the first time this year, as migrant workers only sent US$ 571.5 million to Sri Lanka, down 4.45% compared to US$ 598.1 million sent home during the same month last year. more..

All eyes on Aruna

Jul 11 (CT) Steeple Chase runner Parami Wasanthi Marisstella impressed by setting a new personal best and a National junior record when she finished fifth in 10 minutes 20.12 seconds in the 3000m Steeple Chase heat at the IAAF World Junior Championship which started at Tampere, Finland yesterday. Parami the 17–year-old Asian Junior and Youth Champion competed with the Under 20 athletes in an int'l field as it would give her good exposure ahead of Youth Olympic Games. more..

'Home or away, Proteas are hard to beat'

Jul 11 (Island) SL’s white ball skipper Angelo Mathews is expecting a stiff challenge from the South Africans with the bilateral series between the two teams getting underway tomorrow. Galle Int'l Stadium will host the first of the two Tests and the Proteas have an impressive record against SL. They won the last Test match in Galle by 153 runs in 2014. This year marks the 25th anniversary of bilateral cricket between the two nations. more..

Undergrads exchange fisticuffs over SMS

Jul 11 (DM) A clash that broke out between two groups of second year students of the Engineering Faculty of the Polgolla Open University over a SMS was broken up by the Katugastota Police. The contents of a message sent by a second year student of the faculty to a fellow student had been interpreted as a threat and and argument that had ensued had escalated into a brawl, police sources said. The security unit situated at the university had been unable to intervene in the brawl. more..

Wasanthi creates new Junior Record

Jul 11 (Island) Kuliyapitiya Central athlete Parami Wasanthi continued her impressive run as she established a new Sri Lanka Junior record in the heats of the 3,000 metres steeplechase on day one of the IAAF World Under-20 Championships in Tempere, Finland on Tuesday. Wasanthi, who clocked a world leading time in the Youth category in winning the Under-18 2,000 metres steeplechase at the Asian Qualifying meet for the Youth Olympics last week, returned a time of 10m20.12s more..

Malinga eyes retirement after Canadian T20

Jul 11 (CT) SL’s leading pace spearhead Lasith Malinga is mulling retirement from the international scene following the ongoing Global T20 Canada series. 34-year old Malinga is leading the Montreal Tigers in the ongoing Canadian T20 series and is currently leading the wicket tally with 12 wickets in five matches at an average of 11 and economy rate of 6.60. Malinga believes he will be selected to represent SL during the home more..

Sanjeewa Pushpakumara’s Burning Birds: A cinematic thunderbolt

Jul 11 (Island) In 1989, the year in which the events portrayed in this film took place in Sri Lanka, the country became literally the bloodiest place on earth. Its estimated murder rate was over 100 per 100,000 of its population. The rage for murder was generated and fueled by several interrelated conflicts. There were conflicts between ethnic groups; between haves and have-nots and between political rival groups. Involvement of paramilitary groups contributed to the mayhem. more..

US—TNA consensus: A new Constitution proposed to attract foreign investment

Jul 11 (Island) Have you ever heard of a country changing its Constitution to attract foreign investment? We were recently told how a new Constitution could bring in fresh investment and receive more economic benefits if it adopted a new Constitution. Thanks to a statement issued by the four-party TNA soon after the outgoing US Ambassador Atul Keshap met TNA leader and Opposition Leader R. Sampanthan last Thursday, the diplomat’s advice is in the public domain. more..

Taking care of Timepieces: Inside one of Colombo's last clock repair shops

Jul 11 (Roar) There are little shops in Fort and Pettah in Colombo which often go unnoticed, for most of these shops are hidden between much larger and newer establishments. Trust Watch Works on Sri Baron Jayathilake Mawatha in Fort, is one such place. The shop is run by Lenus Peiris, and he has made a living for himself and his family over the past ten years by making, selling, and repairing antique & modern clocks more..

Chinese Whispers: On corruption and the Hambantota port

Jul 11 (GV) On July 2, 2018, Hiru TV aired footage from two press conferences hosted by the SLPP during its 6:55 pm broadcast. During the press conference, the members of the JO reacted to a story run by the New York Times, which focused on the deal around the Hambantota Port to illustrate the argument that China’s Belt and Road initiative was exploitative and left countries like SL struggling with debt. (Belt and Road initiative involves China underwriting infrastructure investment more..

Vijayakala’s controversial statement: Principal focus where ideals clash

Jul 11 (DN) During the past few weeks, we have seen comments from both the North and South yearning for a more authoritarian govt to regulate the country’s law and order. Former State Minister Vijayakala Maheswaran created an uproar among Southern politicians when she asked that the LTTE be brought back to ensure the safety of women and children in the North and East. Speaker Karu Jayasuriya referred the matter of Maheswaran’s statement to the Attorney-General and more..

Dayasiri Jayasekera

Editorial: Probe them all

Jul 11 (Island) The UNP is calling for a probe into The New York Times (NYT) story that China Harbour Engineering Company (CHEC), funded Mahinda Rajapaksa’s last presidential election campaign. It has also demanded a parliamentary debate on the issue. It has got hold of something to bludgeon the JO/SLPP with. Ironically, the UNP, which tried to sweep the bond scams under the carpet in spite of the availability of irrefutable evidence, is now demanding a probe into more..

Birth of Uncle-Nephew Politics

Jul 11 (DN) On that fateful night of December 5, 1906, 22-year-old Francis Dixon Artygalle, one of the wealthiest men in the island, heir to lion’s share of the Artygalle inheritance, was talking to a visitor at the Pettah residence of C P Dias, Principal of Wesley College and City Father. A gunman standing behind shot him at point-blank range. Being rushed to hospital in a critical condition, causing great public interest and excitement he succumbed to injuries on the following day. more..

'People’s problems ignored'

Jul 11 (CT) JVP MP Dr. Nalinda Jayatissa says that this Govt should be sent home very soon. Q: Whatever problems there are in the country, the main topic now is who will be the next Presidential Candidate. Is the JVP procrastinating so that once the perahera is gone they can support someone who will be contesting? A: According to the 19th Amendment to the Constitution, the Prez Election will be held in 5 years’ time. more..

Politics of Selective Memory

Jul 11 (Island) Reading Ms Vijayakala Maheswaran’s statement at a public meeting in Jaffna on 2nd July 2018 reminded me of two popular aphorisms on history and the past. They deal with humanity’s propensity to not learn from the past. In the first of these, Margaret MacMillan observes, "we can learn from history, but we can also deceive ourselves when we selectively take evidence from the past to justify what we have already made up our minds to do." The second, often attributed to more..

Gotabaya, Viyathmaga, 13A & Me

Jul 11 (CT) Rear Admiral Sarath Weerasekara writes that After the 2015 Presidential elections, for reasons better known to DJ, he approached GR and joined Viyath Maga. That’s a blatant lie. As Dullas Alahapperuma and Matale mayor Mohammed Hilmy will attest, “After the 2015 presidential election” I met ex-President Rajapaksa at Speaker Chamal Rajapaksa’s residence of January 10th and rolled out a recovery strategy centered on Dinesh Gunawardena in Parliament. more..

Power of trolls in SL’s social media space

Jul 11 (SO) The drastic rise in the number of politically-motivated trolls and bots in SL’s online social media space has demonstrated a potential capacity to undermine democratic electoral processes by influencing voters at a future election, digital media analysts opine. According to a Jan 2018 report by Groundviews, this presents unique challenges for, amongst others, election monitoring bodies, which are traditionally geared to more..

Political Iftars have ruptured the sanctity of their observances

Jul 11 (CT) Party politics and power politics are the twin scourges the SL Muslims are faced with in what the Muslim society sees as the hegemonic display of strengths of some group (s) over the others contrary to the teachings of Islam. Ramadhan fasting (any fasting for that matter) has two sanctioned events, one at the start of the fast each day (taking of the pre-dawn meal) and the other is the time of breaking the fast known as Iftar which is done by taking date fruits plus water first followed by khanji more..

Three and a half years of democratic gains and disappointing economic performance

Jul 11 (ST) Today marks three and a half years of the coalition govt. Although there have been significant gains in democratic governance and political freedom, it has been a period of economic disappointment of below 5% economic growth. Since the present regime took office on Jan 8, 2015, economic growth has been declining. The economy grew by only 4.8% in 2015, 4.5% in 2016 and 3.1% in 2017. This year’s first quarter’s growth was only 3.2%. IMF expects economy to grow by 4% more..

Sri Lanka to go head with price formula; ad hoc policy may end

Jul 10 (EN) Sri Lanka is set to implement a fuel price hike by formula, which was reportedly scuttled by Prez Maithripala Sirisena last week, in a development that can help improve long term economic and currency stability. Finance Minister Mangala Samaraweera implemented the price formula after detailed discussions and gaining cabinet approval and not through an arbitrary policy. Market pricing fuel is a policy advancement more..

Sri Lanka to implement death penalty on drug traffickers

Jul 10 (DM) Minister of Buddhasasana Gamini Jayawickrama Perera said today the cabinet of Ministers had decided to implement the death sentence for drug traffickers including those who were already being sentenced to death in prisons. He said the decision of implementing the death sentence could have been carried out during the past fifteen years. The cabinet of ministers had taken this collective decision considering the recent deaths and a large amount of drug imports more..

Govt to defuse pro-LTTE mindset in North

Jul 10 (DM) Law and Order Minister Ranjith Madduma Bandara, Deputy Minister of Law and Order Nalin Bandara Jayamaha and IGP Pujith Jayasundara are to visit North on Thursday to defuse the pro-LTTE mindset in the area. Deputy Minister Jayamaha said that he will visit North together with Minister Madduma Bandara and JGP Jayaundara to look into the recent violent incidence in the area and to defuse the pro LTTE mindset among the people in the area. more..

Fuel prices to go up from midnight today

Jul 10 (DM) A decision has been taken to increase fuel prices of CEYPETCO outlets from tonight, Minister Rajitha Senaratne said. Accordingly, Petrol (Octane 92) will be increased by Rs.8 to Rs.145, Petrol (Octane 95) will be increased by Rs.7 to Rs.155, One litre of Auto Diesel increased by Rs.9 to Rs.118 and One litre of Super Diesel will be increased by Rs.10 to Rs.129, price of Kerosene will remain at Rs.70. more..

Bangladesh ‘A’ team makes poor start against Sri Lanka

Jul 10 (NB) Bangladesh A team made a disappointing start in their third and final four-day match against ther Sri Lankan counterparts as they were bowled out for 167 runs in 62.3 overs in their first innings at the Sylhet International Cricket Stadium on Tuesday. Sri Lanka also had a similar start in their first innings as they made 78-3 at stumps on the first day’s play after Mustafizur Rahman, Soumya Sarkar and Nayeem Hasan bagged one wicket each for the hosts. more..

AG orders to investigate VIjayakala’s statement

Jul 10 (AD) Attorney General has instructed the IGP to conduct investigations into the statement made by former State Minister VIjayakala Maheswaran regarding the LTTE. Speaking during a state event held in Jaffna on July 2, she had said that the LTTE should be resurrected for the freedom of the Tamil people. If Tamil people want to live freely, the LTTE should raise their hand again, she had reportedly said. Several parties including sections of the UNP had demanded action against Maheswaran. more..

Sri Lanka arrests first cop killer monk

Jul 10 (EN) SL Tuesday arrested a Buddhist monk who allegedly strangled a police officer investigating a paedophilia charge against him at a temple in the Ratnapura district. 53-year-old unarmed police Sergeant was killed by the 37-year-old monk who resisted arrest at Gallanda temple, was identified as Konwellay Dhammasara. He had evaded court summons to answer allegations of child sexual abuse, more..

Case against Namal postponed to July 31st

Jul 10 (AD) Trial against MP Namal Rajapaksa and six others over the alleged purchase of stocks using misappropriated money has been postponed until July 31, on the orders of the Colombo High Court. The case was slated to be taken up before the HC Judge Sampath Abeykoon, today. As the prosecution informed the court of the absentia of a witness due to health reasons, the case was postponed to July 31, and the Magistrate ordered the prosecution’s witness to appear at more..

A billion dollars of hotels under construction in Sri Lanka

Jul 10 (EN) Sri Lanka has a billion dollars worth of approved hotels under construction and another US$ 200 million of projects which are yet to start building, the island's tourism authority said. Between Nov 2010 and March 2018, the SL Tourism Development Authority had approved US$ 2.9 billion of hotels. About 1.65 billion worth of hotels, with 8,932 rooms are already in operation. The billion dollars of projects under construction will add another 7,261 rooms. more..

Herath may retire from international cricket in November

Jul 10 (CI) Rangana Herath may retire from international cricket in November, following the three-match Test series against England. Provided he plays every Sri Lanka Test until then, he will finish five Tests short of 100. Herath had earlier retired from the shorter formats in order to lengthen his Test career, but now, aged 40, he believed it was time to consider stepping away from all formats. "Maybe my final series will be more..

India will adopt a three-pronged strategy to check China influence

Jul 10 (HT) India will adopt a broad, three-pronged approach to deal with China’s increasing engagement in the South Asian and Indian Ocean neighbourhood — track Beijing’s activities carefully; pursue its own projects and commitments; and educate and advise neighbours on the consequences of engaging with China. External affairs minister Sushma Swaraj laid out this approach at a meeting with top diplomats posted in the neighbourhood last Tuesday more..

Indian woman accused SriLankan Resident Manager of sexual harassment

Jul 10 (Island) An attempt had been made to reach a negotiated settlement with an Indian woman who had complained that the SriLankan Resident Manager in India had harassed her, Secretary of SriLankan Airilines Dalreen Thirukumar told the PCoI probing irregularities at SriLankan Airlines, SriLankan Catering and Mihin Lanka. In answer to a question she said she had been to India to negotiate with the Indian woman in 2014. She said a case had been filed in a New Delhi court. more..