Monthly Archives: November 2016

Weak economic freedoms hurting

Weak economic freedoms hurting

Sri Lanka’s sharp hikes in tax rates and weak economic freedoms are undermining the hotel investment environment, despite a firm government desire to allow the sector to grow and generate more revenue, frontier market investors said. A recent budget has hiked corporate income tax sharply …

Shares hit near 8-mth low

Shares hit near 8-mth low

Sri Lankan shares fell on Tuesday for the third straight session to end at a near eight-month low as foreign investors trimmed their exposure to the island nation’s risky assets amid concerns over budget tax proposals. The Colombo stock index ended 0.11 percent down at …

Commemoration of the people killed and breathing new life to disastrous political ends should be identified

Commemoration of the people killed and breathing new life to disastrous political ends should be identified

The simple truth that was ignored by the LTTE leadership and that has to be kept in mind by the current Tamil leadership is that India which is home to over 50 million Tamils in its southernmost State would never allow carving out of a …

Sri Lanka should maintain strong relations with China and U.S.

Sri Lanka should maintain strong relations with China and U.S.

It is important for Sri Lanka to strengthen and maintain a strong relationship with powerful nations such as China and the United States in order to win the geostrategic trading hub position in the Southern Indian Ocean, a high ranking Sri Lankan official said here …

Economic growth will pick up

Economic growth will pick up

Sri Lanka’s economic growth will pick up to 6.3 percent next year and the central bank is ready to adjust monetary policy if needed to support the economy, the monetary authority chief Indrajith Coomaraswamy said on Tuesday. The $82 billion economy expanded 2.6 percent in …

‘Maaveerar Naal’ is not a Tamil National Day of Mourning

‘Maaveerar Naal’ is not a Tamil National Day of Mourning

By D.B.S.Jeyaraj.                                                            November 27th 1989 was the day on which the Liberation Tigers of Tamil Eelam(LTTE) first …

Tamils observe Heroes’ Day

Tamils observe Heroes’ Day

North Sri Lankan Tamils on Sunday observed Great Heroes’ Day (Maaveerar Naal) in memory of cadres of the Liberation Tigers of Tamil Eelam (LTTE) who had laid down their lives for the cause of establishing an independent Tamil Eelam. Northern Provincial Council members M.K.Shivajilingam and …

Water Board, CPC to be regulated

Water Board, CPC to be regulated

The National Water Supply and Drainage Board (NWS&DB) and the Ceylon Petroleum Corporation (CPC) are to be regulated under the Public Utilities Commission of Sri Lanka (PUCSL). The National Policies and Economic Affairs Ministry Progress Report for 2016 tabled in Parliament last week said PUCSL …

Staggering cost of international business payments

Staggering cost of international business payments

A study has revealed that UK SMEs were overcharged £4,078,000,000 in 2015 while paying for products, services and talent abroad. This cost has risen by almost a billion pounds over the past five years as UK SMEs become increasingly global. More than half of SMEs …

View from abroad

View from abroad

Back in Sri Lanka after seven months, I find little has changed on our beach. A boutique hotel chain has bought some neighbouring property, but the sandy bay that stretches for a mile outside our home remains as lovely and peaceful as ever, apart from …