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CPC monopoly to end with govt. inviting multinational companies

Jun 21 (Island) Minister Kanchana Wijesekera said that giving the Ceylon Petroleum Corporation (CPC) the monopoly over the oil industry was a mistake and the govt was taking steps to allow multinational oil companies to recommence operations in SL. The petroleum sector was nationalised in the early 1960s and the CPC was given a monopoly. Minister said that several other companies must get involved in more..

Essential, life-saving drugs in hospitals running out rapidly: GMOA

Jun 21 (DM) With the increasing number of patients in the country, the essential and life-saving drug categories in hospitals are running out rapidly, so now it has become a serious crisis, GMOA Media Committee Member Dr. Prasad Kolabage said. The number of patients getting admitted in hospitals is currently increasing, and there is a shortage of more medicine categories in every hospital unlike ever before, Dr. Kolabage said. He said with the current economic difficulties, the pandemic situation more..

Justice Min. chairs discussion on amending Prevention of Money Laundering Act

Jun 21 (FT) A discussion on how the Prevention of Money Laundering Act could be amended was held under the patronage of Minister Wijeyadasa Rajapakshe yesterday. The discussion focused on matters relating to properties including vehicles, houses and lands etc., purchased expending monies illegibly earned. At the discussion, it was raised concerns on how the present Act ought to be amended to ensure measures to be taken pertaining to such properties and as well as more..

මුන්ගේ හොරකම් නිසා ලැබෙන්න තියන ආධාර ටිකත්...

'Economic turmoil could send 1 million SMEs out of business'

Jun 21 (DN) SL Trade Development Council (SLTDC) expressed serious concern over the near collapsing of business activities of one million Small and Medium Scale Business Enterprises in the country owing to the present economic crisis and requested state authorities to take stringent measures to revamp their business enterprises considering the country’s future economic prospects. SLTDC said the deterioration of small and medium scale business enterprises in the country more..

Sri Lankans trapped in livability crisis as wages massively fall behind inflation

Jun 21 (DM) Sri Lankans are entrapped in a massive-scale livability crisis, as their incomes do not keep pace with the prices, after the authorities plunged the country into an unprecedented economic crisis characterised by hyperinflation. According to the latest data, the wages of the Sri Lankans are lagging far behind the rise in the prices of what they buy daily for their sustenance, reflecting they are becoming financially worse off much faster than their earlier generations. more..

Doctors and health staff struggling to report to work

Jun 21 (TM) The fuel crisis is beginning to cripple the health sector in the country, as significantly fewer doctors and minor staffers are reporting to work due to the difficulty in obtaining fuel, severely impacting the day-to-day operations at hospitals. Dr. Sagari Kiriwandeniya said that fewer doctors are able to report to work at the hospital, as they are unable to travel due to the difficulty in procuring fuel. more..

JAT Holdings posts best ever financial year on record and delivers IPO promise

Jun 21 (Island) SL multinational conglomerate and market leader in wood coatings, JAT Holdings PLC, has posted its best ever financial year on record, doubling its Profit After Tax (PAT) during FY2021/22. Demonstrating resilient performance amidst the most challenging economic environment ever experienced in Sri Lanka, the Company’s Revenues rose by 66% percent to LKR 8.897 billion, from LKR 5.36 billion in the year prior. Meanwhile, Gross Profits grew 58% to LKR 2.603 billion, more..

We planned well to win 3rd ODI: Pathum

Jun 21 (DN) We had a good plan for the third ODI and made the maximum effort to win the game said SL opener Pathum Nissanka after the match at R.Premadasa cricket stadium on Sunday night. Nissanka the prolific right hander made a superb knock of 137 in 147 balls with 11 fours and 2 sixes and also had a record second wicket partnership with Kusal Mendis. In fact this was the 15th ODI for Nissanka and he was lucky to score his maiden ODI century against Australia. more..

Litro gets green light for 100,000 MT of LPG

Jun 21 (TM) SL’s national liquefied petroleum gas (LPG) provider, Litro Gas Lanka Ltd., has received Government approval for bulk-buying as opposed to ad-hoc purchasing to manage the domestic demand moving forward sans long queues. The spokesperson for Litro Gas Lanka said that the Government had given it the green light to pursue the proposed plan in order to mitigate the current national shortage of LPG. more..

SLT-Mobitel and NWSDB sign agreement to provide Call Centre solutions

Jun 21 (CT) SLT-Mobitel, National ICT Solutions Provider, has signed a landmark agreement with the National Water Supply & Drainage Board (NWSDB), the statutory body responsible for the provision of safe drinking water and facilitating sanitation services, to provide a Call Centre solution for the benefit of all citizens. The agreement was signed recently at the National Water Supply & Drainage Board premises in Ratmalana between authorised signatories for NWSDB, more..

Colombo YMBA helps digital entrepreneurs contribute to economy

Jun 21 (ST) Having identified the immense potential and bring about a solution to the foreign exchange crisis in the country, the Colombo YMBA is helping digital freelancers to set up business, marketing their services, and help solve day-to-day problems. Mahendra Jayasekera, President, Colombo YMBA said that so far the organisation has conducted two online programmes and a physical workshop will be held on June 28 at the Colombo YMBA, Borella main hall free of charge. more..

Mahinda Amaraweera

Travis Head feeling sharp ahead of Sri Lanka Test challenge

Jun 21 (CI) Travis Head claims he is already feeling comfortable on Sri Lanka's wickets after working his way to a second big score of Australia's tour in their six-wicket ODI loss in Colombo. Head played a starring role in Australia's innings of 291 for 6 on Sunday, hitting an unbeaten 70 from 65 balls as he anchored the middle overs before exploding late. He hit 53 in his final 35 balls, turning it on in the final overs of Australia's innings before Sri Lanka chased down the target with ease. more..

The Sunday Times wins Publishers’ award for investigative reporting

Jun 21 (ST) The Sunday Times is among partners in Asia of the International Consortium of Investigative Journalists (ICIJ) that won the Carlos Tejada Award for Excellence in Investigative Reporting at the annual Society of Publishers’ in Asia (SOPA) Awards. The Sunday Time’s entries in this category were its reports on the secretive use of shell companies by Ramalingam Paksaralingam, a former top bureaucrat with powerful political connections, to invest in a private school in SL and more..

CEB’s bid for new gas turbines at Kelanitissa blows a fuse, once again

Jun 21 (ST) CEB's long overdue tender to design, manufacture, supply, install and commission three 35MW gas turbines at Kelanitissa Power Station has suffered another blow with the selected party China Machinery Engineering Corporation (CMEC) saying it cannot meet the financing terms. When the CEB called tenders early last year, it required bidders to come forward without 100% financing on suppliers’ credit basis. more..

UK monitoring SL situation, ready to support

Jun 21 (FT) United Kingdom on Monday said it is monitoring the developments in Sri Lanka and ready to support to come out of its crisis. “We continue to monitor the situation closely and will encourage a peaceful, democratic and inclusive approach to help support Sri Lanka through its economic and political challenges,” MP Vicky Ford told the UK Parliament yesterday. She was responding to a query on UK’s development aid by UK Democratic Unionist Party MP Jim Shannon. more..

Editorial: Way to go, Prez, but …

Jun 21 (Island) Prez Rajapaksa has taken swift action to prevent a shady deal some state officials strove to cut with a foreign company, which sought to secure a contract, for a song, to extract ilmenite found in overburden red soil removed for limestone quarrying on a 5,352-acre land belonging to the SL Cement Corporation (SLCC) at Aruwakkalu. Last Thursday, the President instructed Minister of Industries Dr. Ramesh Pathirana to look into the matter, and sort it out, we are told. more..

Sajith sirens Prez, PM to quit; says SJB-led interim all-party Govt will end crisis

Jun 21 (FT) SJB Leader Sajith Premadasa reiterated that an interim all-party Govt led by his team can provide solutions to current economic crisis and once again called on Prez Rajapaksa to step down since latter and PM do not have the support of the people. Premadasa stated the Prez, nor the present Govt and PM hold the confidence of the local or int'l community and are therefore unable to provide solutions to the crisis as promised. more..

Hamaduru ethics or deontology? The challenge before modern Sri Lankans

Jun 21 (CT) In ethics there are two major branches. This article argues that Sri Lanka is overwhelmed by just one of these, Hamaduru Ethics – with apologies to the few upright Hamadurus who do not fit this generalization. Most of us practise this. It is formally known as Utilitarian Ethics. It is the norm for people in authority such as Hamadurus, village headmen, and other religious leaders (especially in free churches where the pastor is god). Their authority carries their decisions, more..

A patient and humane approach to tired and frustrated queues

Jun 21 (TM) A state of pandemonium prevails in the country, and what started as a mere shortage of essentials has now morphed into a humanitarian and social crisis that affects almost all aspects of the people’s lives and future. No one – not even the Govt that keeps making the stale promise that the economic crisis will be over soon – seems to have the answers that the people are desperately seeking. Endless queues to get food and fuel are the main issue. more..

ඒ කාලේ ගියා බං නාමල්...

Trying to take the world for a ride

Jun 21 (ST) Foreign Minister GL Peiris must surely find his right hand terribly sore. Turn over the pages of local newspapers and even some news sites and there he is shaking hands with numerous foreign politicians and diplomats that he must need a good rub down at the end of the day. More recently he was seen greeting the new Australian deputy PM in Singapore where Foreign Minister Peiris had turned up to attend (possibly) the Shangri-la Dialogue which I suppose is still sponsored by more..

Right royal mess

Jun 21 (ST) Have some trade unions, not all, become a harbinger of bad news? This is what a colleague asked me the other day when there was outrage over reports of high salaries of a few top officials of the CEB who are powerful union leaders. No one would grumble if officials are paid handsomely for a hard day’s work (that’s an example followed by Singapore) but only if it is within the means of such state organisations to adequately compensate their workers. more..

Salvaging the X-Press Pearl: progress so far

Jun 21 (CT) With one of the worst marine disasters followed the need for the wreck of the MV X-Press Pearl’s removal in a manner that would not result in further damage to the already immensely affected environment. Chartered Engineer attached to the Department of Coast Conservation and Coastal Resource Mangement, D.T. Rupasinghe said the removal of distressed ships from the sea is a complex scientific more..

Saboteurs hijack GotaGoGama?

Jun 21 (CT) Domestic and external forces working together to further destabilise the country wracked by three corrupt Rajapaksa regimes including the current, have hijacked GotaGoGama, Galle Face by trying to block a visiting IMF US dollar bailout mission opposite the Finance Ministry yesterday. The current cause of SL’s misery is the lack of dollars to import essentials originating in the two terms that former Prez Mahinda Rajapaksa was in power, from 17 Nov 2005 to 8 Jan 2015. more..

Strengthening parliamentary committees is critical for making 21A meaningful

Jun 21 (DM) The proposed 21 st. Constitutional Amendment (21A), which is meant to reduce the powers of the Executive Prez and enhance those of parliament, will be of no use if parliament continues to be lackadaisical in making use of the powers that it already has, or if the parliamentary committees have built-in weaknesses. One of the significant ideas mooted by PM Ranil Wickremesinghe is the need to strengthen parliament vis-à-vis Executive Presidency in matters of public finance more..

'Future of the country is precarious, hopeless and bleak'

Jun 21 (DM) The SLPP MP and former Minister Anura Priyadharshana Yapa shared his views on the current economic, political and social upheaval in the country with the Daily Mirror. Q: Prez Rajapaksa has appointed a cabinet of 21 ministers but many of them including the President and PM have lost credibility among the public with their dubious past and questionable performance. Do you think Prez Rajapaksa more..

Fighting in a minefield

Jun 21 (DM) Clashes at filling stations and at cooking gas distributing centres are increasing with the heightening uncertainty over the fuel and gas supply in the near future. Number of reports of police and the army using firearms to control the angry mobs at fuel stations and gas distributing centres are also increasing. This seems to be a bad omen of an impending disaster, as the fuel and gas scarcity is likely to exacerbate in the coming weeks which might intensify angry reaction by the people. more..

Why Gotabaya should go? Why now?

Jun 21 (DM) Those who have followed this column might know that I have regularly expressed strong reservations about Gotabaya Rajapaksa during his previous stint as the secretary of defence and later his reincarnation as the president. Those concerns would be vindicated when the Sri Lankan judiciary is unshackled from routine political meddling and inherent bias toward the powers that be. Nonetheless, after the other Rajapaksas resigned and their dynastic project crumbled, I, more..

ඉන්ධන පිරවුම්හල් රැසක නොසන්සුන්තා

Cannot afford to allow protesters to disrupt economic recovery: UNP

Jun 20 (DM) Claiming that a group of individuals surrounded the Finance Ministry and attempted to prevent the Finance Secretary from attending the IMF talks, UNP Working Committee member Dinouk Colombage said such groups cannot be allowed to disrupt the economic recovery efforts of the country. He said in a statement that the protesters are not part of the groups who have been calling for a genuine change in the country, but rather those who have ulterior political motives. more..

President will martial this country out of this crisis:MR

Jun 20 (DM) Former PM Mahinda Rajapaksa has extended his wishes to his borther President Gotabaya Rajapaksa on the latter’s birthday saying that “I have every assurance that he will martial this country out of this crisis.” “A very happy birthday to President and all the very best as he steps into another year of his life. His presence has always been a source of strength and I have every assurance that he will martial this country out of this crisis,” former PM Rajapaksa tweeted. more..

Australia to assist Sri Lanka to overcome economic crisis within framework of IMF

Jun 20 (PMD) Minister for Home Affairs of Australia Clare O’Neill has said that the Australian govt will assist SL in overcoming the present economic crisis in compliance with the IMF framework. Mrs. Claire O’Neill, who is on an official visit to SL, made these remarks when she called on Prez Rajapaksa at the Prez’s House in Colombo, today. The Zero Chance campaign for illegal migration & human trafficking was the policy more..

Prez and PM must step down: Kiriella

Jun 20 (DM) Gotabaya Rajapaksa – Ranil Wickremesinghe regime must stop forthwith further aggravating the misery of millions of families in Sri Lanka and step down immediately making way for Parliament to elect a new President, a PM and a cabinet under an all-party interim govt, SJB MP Lakshman Kiriella said today. Gotabaya Rajapaksa regime has hoodwinked the global financial agency, the IMF. Therefore no other international financial agency like the World Bank and the ADB or more..

Kanchana to submit Cabinet Paper

Jun 20 (CT) Minister of Power and Energy, Kanchana Wijesekera said, he will be submitting a Cabinet Paper seeking approval to allow other fuel distribution companies, based in other countries, to open their own filling centres, similar to what Lanka IOC is doing. He said, the CPC cannot on its own handle the fuel distribution across the country, because it is a difficult task. He highlighted that because they have discovered that distributing and importing fuel is difficult, more..