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Sarath Fonseka Calls For Disciplinary Action Against Kamal Gunaratne
Tuesday, 27 September 2016 - 1:56 AM SL Time

Former Army Commander Field Marshal Sarath Fonseka called for disciplinary action against Retired Major General Kamal Gunaratne for not carrying out his orders in 2009.

In an interview with the Irida Lankadeepa dated September 25, Fonseka said that he had ordered the identity card and the dog tag of the slain LTTE leader Velupillai Prabhakaran be returned to Colombo.
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COPA looks askance at huge rent on building for Agriculture Ministry
Friday, 23 September 2016 - 2:32 PM SL Time

The Committee on Public Accounts (COPA) has, in its latest report, faulted the Agriculture Ministry for renting a private building for Rs. 958,000,000 without following proper procedures.

The watchdog committee has pointed out that the Agriculture Ministry had not taken action to construct a new building complex in spite of having a block of land of its own. Instead, it had rented building at taxpayers expense.

The committee has emphasized that it wouldn`t approve of the transaction.

However, the report has acknowledged that the transaction had been carried out in keeping with a Cabinet paper submitted by the Prime Minister and endorsed by the Attorney General.
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Latest News Headlines

FM says VAT only on taxable goods revenue

The Finance Ministry says despite the value-added tax (VAT) increase proposed through the VAT Amendment Bill, the retail and wholesale merchants, who have opposed the VAT hike, will have to pay a lesser VAT quantum. The VAT Amendment Bill proposes t...
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Most expensive car imported to SL so far

Recording the most expensive car imported to Sri Lanka , a leading businessman has imported a Rolls Royce super luxury car, worth over Rs. 158 million, customs sources said. They said a private company in Sangharaja Mawatha, Colombo had imported the...
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Lankan in Kuwait arrested for brewing alcohol in apartment

A Sri Lanka n man was arrested for brewing alcohol at his apartment in Salmiya, Kuwait, the Kuwait Times reported today. It explained that a fire broke out at the apartment in the suspect s absence and firemen who responded to the situation had disc...
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JO vows to take VAT to SC again

The Joint Opposition today said that it would go to Supreme Court for the second time against the Government s attempts to introduce the revised VAT, since the Gazette notification on the revision had been printed way before the Cabinet Approval was...
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Foreign visits by PC members: Follow prescribed guidelines: MS

In the wake of 29 Central Provincial Councillors travelling to Russia yesterday using public funds, the Presidential Secretariat directed the nine Provincial Councils to adhere to the guidelines issued by President Maithripala Sirisena when undertak...
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Foreign interest in local blue chip company stocks heightening

The interest in high capital stocks or blue chip companies among foreign investors has increased in the recent past, while local investors are sidelining themselves a bit due to volatile market conditions. When we took stock of yesterday`s mark...
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Most Recent News Discussions
Sarath Fonseka Calls For Disciplinary Action Against Kamal Gunaratne (150)

COPA looks askance at huge rent on building for Agriculture Ministry (285)

No immediate power cuts (330)

Anandasangare urges President to release political prisoners (267)

PM on Malaysia: Attackers not Sri Lankans (1)

More News Discussions

Recent Headline News

No immediate power cuts
Sunday, 18 September 2016 - 10:03 PM SL Time
Refuting speculations, Power and Renewable Energy Minister Ranjith Siyambalapitiya said, no decision has been taken to impose power cuts on account of the current dry spell in the country.

There is no necessity to impose power cuts at this juncture as the Ministry is in a position to manage with current water levels in reservoirs. At present, water levels in reservoirs have dropped to some extent, but we maintain a near 50 percent level, the Minister told the Sunday Observer, yesterday.

Nevertheless, we are ahead when we compare the September figures with those of the past few years, as we have over 50 percent water resources in our reservoirs, the Minister said. Meanwhile, sources at the Norochcholai Coal Power Plant told the Sunday Observer, that currently the coal power plant continues to provide electricity to the national grid even after peak hours.
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Anandasangare urges President to release political prisoners
Saturday, 17 September 2016 - 4:03 AM SL Time
Anandasangaree said he doe not see any justifiable reason for their prolonged detention when it is clear that if charged for any specific offence hey could have by this time served the full period of sentence and gone free.

Once again I reiterate that immediate action should be taken in respect of the release of the Political Prisoners detained in our prisons, for lengthy periods without any trial, very many for untold reasons and hardly any for specific reasons. Many of them had been taken to courts a good number of times regularly and taken back to their prisons without facing any trial, for unjustifiable reasons such as absence of witnesses, failure to receive any reports, case not filed etc. It is wrong for anyone to say that they are not political prisoners. In my view they are very much political prisoners. There is no doubt about it. If not, why should they be detained without trial for many years, Anandasangaree said in the letter.
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Sri Lanka appoints new Airforce chief
Tuesday, 13 September 2016 - 5:00 AM SL Time
Sri Lanka President Maithripala Sirisena today appointed Air Marshal Kapila Jayampathi as the new Air Force Commander and has promoted him to the rank of Air Marshal, Defence Ministry said. Jayampathi will replace the former Commander Gagana Bulathsinhala who retired at the age of 55.
Jayampathy joined Sri Lanka Air Force on March 5, 1982 as an officer cadet and was commissioned as a Pilot Officer in General Duties branch of No 4 Squadron Sri Lanka Air Force (SLAF).
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   More Headline News


Security Security Forum 

FM says VAT only on taxable goods revenue
Wednesday, 28 September 2016 - 9:59 AM SL Time
The Finance Ministry says despite the value-added tax (VAT) increase proposed through the VAT Amendment Bill, the retail and wholesale merchants, who have opposed the VAT hike, will have to pay a lesser VAT quantum. The VAT Amendment Bill proposes to increase the VAT rate to 15 percent from the current 11 percent and the retail and wholesale merchants, whose daily turnover exceeds Rs.138,000, will be brought under the VAT payment threshold. However, the Finance Ministry in a statement said the amendments to the bill will ensure VAT being only charged on the revenue accumulated on the sale of goods on which VAT has to be paid, eliminating the hidden payment existing in the present VAT system. For instance, a merchant, whose daily turnover is Rs.200,000 and revenue from the sale of goods liable for VAT is Rs.50,000, he has to pay only Rs.7500 as VAT (15 percent) under the proposed amendments to the VAT bill. Whereas under the existing system, though the VAT payable is 11 percent, the same merchant who has the turnover of Rs.200, 000 will have to pay more, according to the Finance Ministry. While paying Rs.5,500 being the 11 percent VAT for the revenue of Rs.50,000, he also has to pay an additional 11 percent for the revenue of Rs.200,000, minus the maximum exemption of 25 percent granted on the total revenue. Accordingly, a merchant whose daily revenue is Rs.200,000 under the existing VAT Act, has to pay altogether Rs.16,500 as VAT, whereas the same merchant under the proposed amendment has to pay altogether Rs.7,500 despite the VAT rate being higher at 15 percent. According to the Finance Ministry, under the present VAT regulations, despite only a limited number of VAT payable goods are included in the turnover, traders were compelled to pay VAT for the total turnover during a specific period. The VAT should be paid for certain commodities such as cosmetics, biscuit, soap and processed food items. All other essential commodities have been exempted from VAT. Several health services provided by the private hospital sector have also been exempted from VAT. Among such services are OPD services, laboratory services and dialysis services. The VAT is borne by the final or the ultimate consumer and not by the trader. It is an indirect tax and the government will receive at the end, through all the intermediary suppliers and whole sale and retailers, an amount equal to the amount paid by the final consumer. VAT was introduced to the tax system in Sri Lanka in 2002. At the beginning, VAT was charged under three levels, at the rates of 0 percent, 10 percent and 20 percent. In 2005, it was increased to 5 percent, 15 percent and 18 percent. Later, in 2006, VAT was increased to a single rate of 20 percent. However, it was reduced to 15 percent in 2007 and it was further reduced to 12 percent in 2009. VAT was the tax on domestic consumption of goods and services since its inception but, for the first time, it was extended to the retail and wholesale sectors by the then government in 2013. Accordingly, supermarkets and other trade outlets engaged in retail and wholesale with a daily turnover above Rs.2.8 million were brought under the tax net and a 12 percent VAT was imposed on such business institutions. However, this threshold was reduced to Rs.1.4 million in 2014. A limited number of VAT payable goods were included in the turnover but the traders were compelled to pay VAT for the total turnover during that period. Full Story     Post Reply To This

Most expensive car imported to SL so far
Wednesday, 28 September 2016 - 9:48 AM SL Time
Recording the most expensive car imported to Sri Lanka, a leading businessman has imported a Rolls Royce super luxury car, worth over Rs. 158 million, customs sources said. They said a private company in Sangharaja Mawatha, Colombo had imported the car - Rolls Royce Wraith- and removed it yesterday after paying Rs. 93 million as duty to the Sri Lanka Customs. The 2.4 tonne super luxury car has two-door and is made by Rolls-Royce Motor Cars of Goodwood, England. Full Story     Post Reply To This

Lankan in Kuwait arrested for brewing alcohol in apartment
Tuesday, 27 September 2016 - 2:30 PM SL Time
A Sri Lankan man was arrested for brewing alcohol at his apartment in Salmiya, Kuwait, the Kuwait Times reported today. It explained that a fire broke out at the apartment in the suspect s absence and firemen who responded to the situation had discovered the alcohol. The fireman thereafter placed the apartment under surveillance, until the suspect returned to check the damages.uf Full Story     Post Reply To This


Politics Political News Forum 

JO vows to take VAT to SC again
Wednesday, 28 September 2016 - 9:56 AM SL Time
The Joint Opposition today said that it would go to Supreme Court for the second time against the Government s attempts to introduce the revised VAT, since the Gazette notification on the revision had been printed way before the Cabinet Approval was granted. MP Bandula Gunawardane, addressing a news conference said the Gazette notice had been printed on September 9 though the Cabinet of Ministers didn t approve the VAT Bill till September 13. This shows how arrogant and ignorant the Finance Ministry is. The VAT blunder created by the Government deepens with the Gazette notice including a clause not to return the illegally collected VAT money which was collected from May 2, he said. The Supreme Court ruled out that the VAT increase from 11 percent to 15 percent was illegal since it was not approved by Parliament. In this context, Cabinet Spokesman said there won t be any retrospective laws, when the reformed tax revision was introduced. However, the new Gazette is attempting to legalise illegally collected amount. Therefore, we will go to the Courts for the second time, he said. - See more at: http://www.dailymirror.lk/116443/JO-vows-to-take-VAT-to-SC-again#sthash.sMiiiU8q.dpuf Full Story     Post Reply To This

Foreign visits by PC members: Follow prescribed guidelines: MS
Wednesday, 28 September 2016 - 9:52 AM SL Time
In the wake of 29 Central Provincial Councillors travelling to Russia yesterday using public funds, the Presidential Secretariat directed the nine Provincial Councils to adhere to the guidelines issued by President Maithripala Sirisena when undertaking foreign trips by public officials and PC members. The President has instructed PC members and public officials to refrain from undertaking trips abroad with more than five at a time. But in this instance there were 29 participants who travelled abroad on the pretext of a training and study tour. It is not desirable for people s representatives and public officials holding senior positions to travel abroad in large groups at one time. A careful study should be made in advance of the need for such trips abroad wehn formulating project proposals to be submitted to foreign agencies in future, the President said. In a note to Cabinet he had stressed the need for all public officers to focus attention on the need and desirability for training or observation tours abroad whenever project proposals are formulated. `Permission should not be granted for trips abroad where invitations have been received from outside unless the total cost of the trip or a substantial portion thereof is being met by the outside agencies,` the President said and added that in case it was necessary for more than the stipulated number of officials should travel abroad, then attention should be focused on arranging such visits on a staggered basis. Full Story     Post Reply To This

Ranjan loses temper, hits video camera
Wednesday, 28 September 2016 - 9:49 AM SL Time
A heated argument between Deputy Minister Ranjan Ramanayake and a journalist from the electronic media ended up with the former hitting a video camera at a media briefing this evening. The incident flared up when the deputy minister was about to after the briefing. The argument which began during the media briefing continued even after it. Mr Ramanayake accused the journalist of making a false allegation against him. An OIC in the police is blamed when he arrests a thief and the thief escapes. This is the situation in this country today, Mr Ramanayake was heard saying to which the journalist replied saying, Even OICs take bribes today . Mr Ramanayake who becomes furious at this point, accused the journalist of making a false allegation. Malli you said I take bribes. I am telling you I have not done it at any time. Don t make false allegations against me, he said. The journalist then replied saying he did not make any false allegations against the deputy minister. The deputy minister while arguing with the journalist hit a video camera which was pionted at him. Monawada me Karanne? ( What are you doing?) he was heard saying while hitting the camera. This camera did not belong to the TV channel which the journalist who argued with the deputy minister was attached to. Mr Ramanayake, when contacted by Daily Mirror, said that he had settled the issue with the authorities of the TV channel concerned. Full Story     Post Reply To This


Business / Economy News Business News Forum 

Foreign interest in local blue chip company stocks heightening
Tuesday, 27 September 2016 - 2:25 PM SL Time
The interest in high capital stocks or blue chip companies among foreign investors has increased in the recent past, while local investors are sidelining themselves a bit due to volatile market conditions.

When we took stock of yesterday`s market this was found to be correct.. This is a clear indication that foreign investors are taking maximum advantage by buying stocks that have a future potential market, Marketing Manger Candor Equities Pvt Limited Buddhike Payoe told The Island Financial Review.

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Digital payments driving growth in Sri Lanka
Monday, 26 September 2016 - 10:07 AM SL Time
With the emergence of a next generation of consumers, factors that will shape the way tomorrow s transactions are made.These key factors include the impact of technology, shifting customer expectations, changing global demographics, the rise of e-commerce, and the growing regulatory supervision.

Regulators in emerging markets are realising the huge costs, risks and inefficiencies associated with cash transactions and recognising the importance of electronic payment methods in promoting access to formal credit and savings instruments. Drastic measures like introducing differentiated banking licenses, tax benefits on electronic payments, awareness campaigns are being taken to build a sustainable electronic payments ecosystem.
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Growth prospects bleak for Sri Lanka s tea industry
Saturday, 24 September 2016 - 9:52 AM SL Time
Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka s position in the global tea industry, though efforts to develop new markets could help offset downturns in exports and revenue.

Flooding in mid-May struck a number of tea-producing regions and led to the inundation of several tea export facilities around Colombo, causing widespread disruption and compounding losses from El Ni o-related drought conditions in the first half of this year.
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Editorial News Editorial News Forum 

Gestapo!
Wednesday, 28 September 2016 - 9:46 AM SL Time
Those who read yesterday s lead story in this newspaper about a very serious complaint that the CID had tapped a senior judge s telephones and hacked his personal email may have wondered whether they were rereading an extract from George Orwell s dystopian novel, Nineteen Eighty Four, where Big Brother controls everyone and everything.

President s Counsel Hemantha Warnakulasuriya deserves praise for having drawn the attention of the Bar Association of Sri Lanka (BASL) to the Gestapo style operations allegedly carried out by the CID, which is apparently doing full-time political work these days. He has called upon the BASL to take up the cudgels for the judges who are under surveillance and suffering affronts to their dignity at the hands of some pro-government propagandists.
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O tempora! O mores!
Tuesday, 27 September 2016 - 2:24 PM SL Time
In most action flicks, heroes and villains in flight topple trash bins without breaking stride so as to distract and obstruct their enemies in close pursuit. This modus operandi is, however, not confined to the celluloid world. Sri Lankan politicians who mismanage vital issues and get into hot water act in a similar manner in a bid to distract the public.

Education Minister Akila Viraj Kariyawasam, who is being troubled by many issues and pursued by the government doctors who want their children admitted to state-run schools, has done likewise. He is reported to have banned schools from imposing dress codes on parents. He has thus stirred up a real hornets nest with his backers and critics locking horns. The focus of public debate is likely to be on this issue for some time instead of the many ills the education sector is afflicted with.
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Police and Sanga s pep talk
Monday, 26 September 2016 - 9:08 AM SL Time
IGP Pujith Jayasundera should be commended for getting cricketing legend Kumar Sangakkara to lecture to a group of his officers the other day. The former Sri Lankan captain was present at the Mirihana police, where the119 service is based, on the request of the IGP to give the officers there his views on how the service could be improved and generally share his thoughts on his experiences on the cricket field and the examples that could be drawn from these to making the service an efficient one.
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Sports News Sports News Forum 

Dabare, Kulatunga spin Lumbini to first innings win Under-19 Cricket
Wednesday, 28 September 2016 - 9:46 AM SL Time
Spinners Thanuka Dabare and Vimukthi Kulatunga shared seven wickets between them as Lumbini restricted Mahanama to 198 runs to earn first innings points in their Under-19 Division I group B match ended at Colts ground on Tuesday.

In their second essay Lumbini posted 155 runs with Ruvin Peiris and Vinu Peiris scoring valuable 30s.

Scores:

Lumbini 216 all out in 70.5 overs (Thanuka Dabare 50, Charith Mihiranga 36, Ravindu Sanjeewa 34, Kanishka Maduwantha 20n.o., Ruvin Peiris 17 Niduka Welikala 3/48, Hashan Sandeepa 2/41) and 155 all out in 38.1 overs (Ruvin Peris 36, Kavin Peiris 31, Vinu Hemal 21 Hashan Sandeepa 3/17, Vihan Mudalige 3/21, Niduka Welikala 2/29, Pathum Botheju 2/38
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Australia qualifies for ICC Women s World Cup
Tuesday, 27 September 2016 - 2:26 PM SL Time
Australia has qualified for the ICC Women s World Cup 2017 after a 3-0 whitewash of Sri Lanka in the ICC Women s Championship. Australia captain Meg Lanning has lauded her side for the way it adjusted to the conditions to become the first side to book a place at next summer s event to be held in England.

`We were hoping to win all games that we played. I thought Sri Lanka tested us at certain stages but we stuck to our guns pretty well, certainly in the last two games we set pretty high standards.
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Hong Kong proves Lanka s nemesis again
Monday, 26 September 2016 - 9:22 AM SL Time
Sri Lanka led by Danushka Ranjan lost again for the second consecutive time to Asian number two ranked Hong Kong by 36 points (6 tries, 3 conversions) to nil in the Cup Championship final of the Asian Rugby Sevens Series 2nd Leg played at the Namdong Asia rugby stadium in South Korea yesterday.

Sri Lanka fly half Dulaj Perera makes a break against Hong Kong in the Cup final.
The Sri Lankan tuskers did not have any answers to the Hong Kong onslaught going down without a fight. Hong Kong also won the 1st leg Cup championship as well.
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