Apr 17 (Island) State-Owned Enterprises (SOEs) in SL have long served the interests of its employees and politicians, neglecting the welfare of ordinary citizens, Research Consultant at the Advocata Institute Rehana Thowfeek said. Speaking at a recent media briefing titled, Burden and The Urgency of SOE Reform, Thowfeek emphasized the urgent need for reform, stating that despite Sri Lanka defaulting on its loan repayments for nearly more..

Apr 17 (FT) All Island Bakery Owners› Association has appealed to the Govt not to halt the importation of eggs, emphasising that the survival of the bakery industry hinges on it. Jayawardena expressed concern over what he described as an egg mafia manipulating prices to the detriment of bakeries countrywide. “Although we have historically opposed egg imports to support local industries, recent price hikes by egg producers have forced us to reconsider. more..

Apr 17 (Island) Commercial Bank of Ceylon has announced the appointment of top international investment banker Sharhan Muhseen as Chairman, and financial services professional Raja Senanayake as Deputy Chairman. Muhseen, previously Deputy Chairman of the Bank, succeeds Prof. Ananda Jayawardane as Chairman upon the latter’s retirement, and Senanayake, a non-executive director, fills the vacancy created by Muhseen’s elevation to the position of Chairman more..

Apr 17 (FT) Colombo stock market yesterday suffered its highest daily loss as investors reacted negatively to the deadlock in external debt restructuring talks whilst some element of profit taking was evident too. ASPI plunged by 214 points or 1.8% and the active S&P SL20 declined by 2.66% or 95 points. Turnover was Rs. 1.48 billion involving 95.4 million shares. The market has seen Rs. 53 billion in value wiped off in the past two days, after last week saw market capitalisation gain more..

Apr 17 (TM) Ex-SL captain Angelo Mathews, last week divulged information to the local media, linked to an online financial scam, fraudulently using his edited footage. According to the veteran star, a match interview, which he had given to a local television station, had been allegedly dubbed and used in the doctored video, surreptitiously, promoting a betting syndicate. Taking to X, formerly known as Twitter, the 36-year-old who has been plying his trade, during the past 16-year period more..

Apr 17 (TM) The ongoing Police probe into the missing documents at the SLFP Headquarters (HQ) is being held up due to certain issues, such as the Police not receiving the keys to the HQ yet. Following a complaint lodged by the Party’s Acting General Secretary and Opposition MP Sarathi Dushmantha Mithrapala, DIG Nihal Thalduwa said that the Police has informed the persons whose names have been mentioned more..

Apr 17 (Island) SL is excitedly getting ready for the Division 1 Asia Rugby 15-a-side Championship which will now be contested between SL, India, Qatar and Kazakhstan in Colombo. Asia Rugby decided to scrap the Division 2 championship after Iran and Pakistan pulled out of competing in this tournament. Hence Kazakhstan’s inclusion in the Division 1 tournament to fill the void created by Pakistan’s unavailability. Undoubtedly this event sees host SL taking the field as the top dog. more..

Apr 17 (CT) Securities & Exchange Commission (SEC), in collaboration with the Colombo Stock Exchange (CSE), hosted several impactful teacher training programnes for teachers of the established 100 Capital Market Clubs across the country. These teacher training programmes were conducted in all three languages from 13 March to 4 April at teacher training centres across the nine provinces of the country. Capital Market Club programme is a strategic initiative designed more..

Apr 17 (FT) SJB MP Dr. Harsha de Silva expressed disappointment at the lack of transparency in the Govt’s debt restructuring process, highlighting that despite requests, no meeting with relevant stakeholders was arranged. “From the press note, it is obvious that the Govt has failed to strike a deal favourable to the people of SL. We acknowledge however, that it is better to withdraw from discussions than to agree to a bad deal,” more..

Apr 17 (DM) An affluent Jain couple from Gujarat, India has donated nearly ₹ 200 crore and adopted monkhood, and now plans to set out on a journey for salvation. Bhavesh Bhandari, and his wife, donated all their wealth during a ceremony in February, and will officially commit to a life of renunciation at an event later this month. The businessman from Himmatnagar who was in the construction business follows in the footsteps of his 19-year-old daughter & 16-year-old son who adopted monkhood more..

Apr 17 (FT) Verite Research proposed Governance-Linked Bond (GLB) had figured in the recent London talks between the Govt of SL and external commercial creditors. GLB is structured based on 2 Key Performance Indicators (KPIs) - Tax revenue to GDP ratio and selected reforms envisaged under the IMF program. Verite’s Executive Director Nishan de Mel said the Governance-Linked Bonds was introduced first to the SL Govt in April/May 2023 with an immediate positive response at more..

Apr 17 (DN) Two fresh talents from Killer Whale Aquatics are set to make waves at the upcoming Paris Olympics. Kyle Abeysinghe, a promising freestyle star, and Ganga Seneviratne, the women’s top-ranked backstroke swimmer, have secured their spots under the universality places allocated by World Aquatics for the prestigious event, scheduled from July 26 to August 11 in Paris, France. For 24-year-old Kyle Abeysinghe, this Olympic opportunity marks a triumphant return to competitive more..

Apr 17 (DN) Sports Minister Harin Fernando is expected to make plans to support SL athletes through Road to Olympic’ programme and it’s already applied for high performance athletes (super) pool to get more success said Sports Director General Shemal Fernando. After the New Year holidays Sports Minister has launched this new programme to get athletes Paris Olympic qualification and this has already being conveyed to the respective sports bodies said more..

Apr 17 (EN) IGP Deshabandu Tennakoon has vowed to increase resources and cadres in the fight against drug menace and crimes even by closing some unproductive divisions if required. The island nation’s police under Tennakoon have focused on eradicating drug menace through a special operation despite local and international criticism over human rights abuses. SL has recognized the drug menace as one of the more..

Apr 17 (FT) Hayleys Solar, the renewable energy arm of Hayleys Fentons, has opened doors to two new Experience Centres in Negombo (669, Puttalam - Colombo Rd) and Kandy (No 465/A, William Gopallawa Mawatha) respectively, bringing their total to four across SL. These new centres offer residents a one-stop shop to explore solar energy solutions. Hayleys Solar Experience Centres provide a comprehensive range of world-class solar products, including rooftop PV systems, batteries, more..

Apr 17 (FT) Sri Lanka’s leading pneumatic tyre manufacturer CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, widening choice for a significant segment of vehicle owners. Joining CEAT’s Orion Brawo range, the new radials are in the sizes 155/65 R14, 165/70 R14 and 165 R13, with the first two sizes designated for popular models of compact and small cars, and the third for mid-sized vans, the company said. The CEAT Orion Brawo 155/65 R14 & 165/70 R14 more..

Apr 17 (Island) SJB and JVP-led NPP have been challenging each other to a debate on the economy, for the past several weeks. They are like two boisterous tipplers engaged in a shebeen brawl. NPP is said to be trying to drag Prez Ranil Wickremesinghe also into the debate, which is not likely to take place before the next prez election. Prez Wickremesinghe has already unveiled his economic recovery plan for all practical purposes. In fact, he is implementing it and has shown more..

Apr 17 (TM) As the Sinhala and Tamil New Year unfolds, it brings more than just festive tidings; it heralds a crucial juncture for Sri Lanka – a time to decide if we will unite and thrive or splinter and falter. This New Year isn’t merely a cultural celebration; it is a stark reminder of the formidable challenges and boundless opportunities that lie before us. In the stories of great leaders like Nelson Mandela and Lee Kuan Yew, we find a compelling narrative of transformation through unity. more..

Apr 17 (CT) Govt of SL said, so far Rs 3,068 million in compensation has been received from the London P&I Club – a London-based insurance company, for the X-Press Pearl Disaster. Ministry of Fisheries said in response to a Right to Information (RTI) request that this sum was received in four instalments, following seven claims made to the insurance company. However, SL Govt said this amount is not sufficient to provide more..

Apr 17 (TM) SL’s fisheries community is concerned about the concerns expressed by India regarding the ownership of the Katchatheevu Island, as the Island has a direct connection to fishing activities in the Northern part of SL, according to local fisheries organisations. National Fisheries Solidarity Movement (NAFSO) Convenor Herman Kumara, explained that the fisheries community is concerned about how their livelihood would be affected in the event of a change in the ownership of more..

Apr 17 (CT) Several months ago, I forecast that the most likely election scenario in 2024 was a Presidential stand-off between Anura Kumara Dissanayake of JVP/NPP, and Ranil Wickremesinghe leading a UNP consensus group. The latter view was based on the assumption that Sajith Premadasa, the SJB and sundry pro-UNP factions would in the end all rally round a consensus group mobilised around RW. They would have to promise Sajith the position of PM and more..

Apr 17 (TM) Although the transport sector authorities stated that bus and train services have been expanded for the people who are working in the suburbs including Colombo to travel to their hometowns to celebrate the Sinhala and Tamil New Year, the people were seen accusing the authorities, alleging that the number of buses deployed was not sufficient. It is somewhat difficult to prevent these situations based on more..

Apr 17 (CT) The Sinhala and Tamil New Year has come and gone and let’s just say, the lead-up to it wasn’t as smooth sailing for everyone as it should have been. Although there were many promises made by the Sri Lanka Transport Board (SLTB) to deploy what they said were 200 additional buses to ease passenger congestion during these couple of days, they failed to execute it as planned. In conjunction, Dept of Sri Lanka Railways also promised to operate 12 special trains for more..

Apr 17 (TM) Colombo-based policy think tank, IPS in a recent communique highlighted that there is evidence to support that the economic burden imposed by non-communicable diseases (NCDs), was such that some households in SL spend 10% of their monthly budget on alcohol. This, while World Bank data suggests that a shocking 83% of deaths in the island can be attributed to a contribution of NCDs. The relation is a stark reminder of how alcohol use & abuse creates challenges more..

Apr 16 (AD) The founder of the Sarvodaya Shramadana Movement of SL, Dr. A.T. Ariyaratne has passed away at the age of 93. The former Constitutional Council (CC) member had passed away on Tuesday (16) at a private hospital in Colombo, according to family sources. Sri Lankabhimanya Ahangamage Tudor Ariyaratne is the Founder and the President Emeritus of the Sarvodaya Shramadana Movement of SL, a grass-roots humanitarian organization based on the concept of more..

Apr 16 (FT) Pearon’s recently launched its PTE core suit of English exams helping to facilitate young people as they seek to achieve their dreams on foreign shores. In fact, during 2023, over 3200 applications were made by Sri Lankans seeking Permant Residency status in Canada, with 84% receiving approval, highlighting the promising prospects for aspiring Sri Lankans. Accordingly, Pearson, the global giant in educational services, recently hosted a special event to mark the launch of more..

Apr 16 (EN) The leftist NPP is avoiding the SJB’s call for a debate ahead of upcoming prez election, the SJB claimed. SJB MP Harshana Rajakaruna said that when the SJB invited the JVP-led NPP for a debate between the economic councils of the two parties, the NPP proposed a debate between the two party leaders instead. “We’re ready for both. JVP is avoiding the issue,” said Rajakaruna, accusing the Marxist-Leninist party of obfuscating through various statements. more..

Apr 16 (Island) The Bar Association of SL (BASL) condemned the Police Dept for extra judicial actions, including deaths, following a recent police assault that necessitated the surgical removal of one of the victim’s testicles. In a statement issued by its President Kaushalya Nawaratne, PC, and its Secretary Chathura Galhena, the BASL said that the incident was particularly alarming and raised the chilling spectre of a descent into a police state. more..

Apr 16 (DM) SL Foreign Employement Agency (SLFEA) has announced 200 vacancies in the Singapore auxilary police for Sri Lankans. According to a notice issued by the SLFEA, walk-in interviews for these vacancies will be held at the SLFEA office in Nawala today and tomorrow. Applicants are requested to complete application forms, accessible online at https://forms.gle/8DzuH5LUooxg4czE6, and bring their Certificate of A/L or IELTS along with their passport for the interview. more..

Apr 16 (AD) Former Deputy Minister and former UNP parliamentarian Palitha Thewarapperuma has passed away at the age of 64 years, sources told Ada Derana. According to unconfirmed reports, the former Kalutara District MP had died from electrocution while his body has been placed at the Kalutara Hospital. A prominent figure of the UNP, Thewarapperuam had served as Deputy Minister of Internal Affairs, Wayamba Development and Cultural Affairs in the UNP-led national govt in 2015. more..

Apr 16 (EN) Sri Lanka and the Kyrgyz Republic signed a memorandum of understanding on bilateral cooperation at the Foreign Office consultations that took place in Bishkek, on 15 April. During the consultations, “the two sides prioritized expanding economic cooperation, focusing on apparel, gems and jewelry, tea, food and beverages, wellness and ayurvedic products, education services and ICT sectors,” SL’s Ministry of Foreign Affairs said in a statement. more..

Apr 16 (TM) Dept of Agriculture is set to provide urgent recommendations for cultivating one of the world's most popular pineapple varieties, (Ananas comosus) in SL. Minister Mahinda Amaraweera stated that the most delicious pineapple species in the world are reported from SL. Therefore, there is a great demand in the world market for pineapples grown in SL. Accordingly, there is a huge demand for the MD 2 pineapple variety in the world market, and no steps have been taken to cultivate more..