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Govt. keen to triple rubber industry to $ 3 b
Sunday, 31 August 2014 - 1:15 AM SL Time

Sri Lanka is on its way to making the rubber industry a $ 3 billion sector, Minister of Industry and Commerce Rishad Bathiudeen stated following the announcement that the 4th Global Rubber Conference (GRC) and Exhibition will be held in Colombo from 27 to 30 October.
The GRC, formerly held as the Asean Rubber Conference until 2010, has been held in Cambodia (2011), Vietnam (2012) and Indonesia (2013) so far, while Sri Lanka will be hosting it for the first time with over 700 trade visitors and 28 countries set to participate.
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Now Lankan insurers include sanction clauses
Wednesday, 27 August 2014 - 10:04 PM SL Time

Sri Lankan insurers, like their international counterparts, have begun stating in their contracts that policy cover will be suspended in case of the United States, the European Union or the United Nations imposes sanctions against the country. The Government and sections of the private sector are fighting back but experts warn that sanction clauses are here to stay.

Some weeks ago, a leading Sri Lankan insurance firm gave a local construction company a draft agreement to provide cover for a government building contract it had secured. One of its provisions took the company and the relevant State agency by surprise.
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Latest News Headlines

Weapons Belonged To Sri Lanka`s Tam..

A cache of weapons unearthed in a forest reserve in India had the symbol of Sri Lanka `s Tamil Tiger terrorist group imprinted on them, Indian police officials have revealed. Salem police have unearthed more than 100 hand grenades and land mine...
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Packer Plan For Sl Crown Casino Cau..

Australia n gambling tycoon James Packer`s Crown Ltd is facing months of new delays in building a planned $400 million Sri Lanka hotel and casino resort due to unspecified legal issues, a government minister said on Wednesday. Packer, one of Au...
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The Largest Ltte Training Camp Was ..

The village of Kolathur, 11 km from the Mettur dam in Salem district, was one of the places in Tamil Nadu where the cadre of the LTTE were imparted armed training in the early 1980s to fight the Sri Lanka n forces. The 1983 riots in Sri Lanka b...
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Namal and Harin SECRET TALKS

In a dramatic turn of events, in the political scene in Uva, where Provincial Elections are scheduled for 20 September, the UNP `s Chief Ministerial candidate, Harin Fernando has had a secret meeting with UPFA Hambantota District MP, Namal Rajapaksa...
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Dayasiri discharged but told to rest

North Western Province Chief Minister, Dayasiri Jayasekara has been advised by doctors to take a break from the hectic election campaign after he fell sick while campaigning in Badulla Wednesday (27) night. Jayasekara, who was engaged in ele...
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Sri Lanka Tourism welcomes 1,000,000th tourist

Achieving another milestone in the country`s booming tourism industry, Sri Lanka Tourism welcomed the arrival of 1,000,000th tourist in 2014 at the Bandaranaike International Airport yesterday. Sri Lanka Tourism officials including Managing Director...
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Most Recent News Discussions
Govt. keen to triple rubber industry to $ 3 b (22)

Now Lankan insurers include sanction clauses (512)

LTTE Running Madrassa Type Indoctrination Schools in Europe (762)

BBS ties up with Hindu Federation for reconciliation (1)

More News Discussions

Recent Headline News

LTTE Running Madrassa Type Indoctrination Schools in Europe
Saturday, 23 August 2014 - 4:21 AM SL Time
The Liberation Tigers of Tamil Eelam (LTTE) are running Madrassa type indoctrination schools in European Union countries in which there is a substantial population of Tamils from Sri Lanka, a top Lankan diplomat has revealed.

Speaking at the Ministry of Defense conclave here, Sri Lanka s Ambassador to the UN in Geneva, Ravinatha Aryasinha, said that the LTTE has established Madrassa-type schools called Tamil Cholai to ferment the radicalization of Tamil youth, and glorify terrorism and martyrdom.
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Sri Lanka facilitates infrastructure to attract investors into rural
Wednesday, 20 August 2014 - 6:16 PM SL Time
Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the rural areas, a minister said.

It has come to a stage we can t bring people from villages to town to employ in these zones, Lakshman Abeywardene, Minister of Investment Promotion said.
People who are in the villages do not come to towns anymore because they have found sources of income in the village itself,

Also the expenses to do a job in Colombo is high if you compare the village expenses. So it is not viable for them to come here. Abeywardene said.
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Sanction clauses for Lanka s deals with European agencies
Sunday, 17 August 2014 - 11:59 AM SL Time
European export credit agencies have begun imposing sanction clauses into draft agreements with Sri Lanka in anticipation of international economic, trade and financial sanctions or embargoes -- a move the Government has vigorously opposed.

This would mean that if international sanctions or embargoes are imposed on Sri Lanka, the export credit insurance cover would be suspended. This could result in the lending partners demanding a renegotiation of terms with higher interest rates, seeking outright settlement or introducing fresh conditions reflective of the higher risk.
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   More Headline News


Security Security Forum 

Weapons Belonged To Sri Lanka`s Tam..
Saturday, 30 August 2014 - 10:28 AM SL Time
A cache of weapons unearthed in a forest reserve in India had the symbol of Sri Lanka`s Tamil Tiger terrorist group imprinted on them, Indian police officials have revealed.

Salem police have unearthed more than 100 hand grenades and land mines from Pacha Talamalai reserve forest near Puliyur in Mettur taluk on Tuesday night, the Times of India reported.

`We have seized more than 100 hand-grenades and landmines,` a senior official from the investigation team told TOI. All the shells were unused and could be exploded if filled with gun powder, the police have said.
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Packer Plan For Sl Crown Casino Cau..
Friday, 29 August 2014 - 9:41 AM SL Time
Australian gambling tycoon James Packer`s Crown Ltd is facing months of new delays in building a planned $400 million Sri Lanka hotel and casino resort due to unspecified legal issues, a government minister said on Wednesday.

Packer, one of Australia`s richest men, first obtained Sri Lanka cabinet approval for the project nearly a year ago. But terms of the approval were altered in the face of strong opposition from some Buddhist leaders and political parties, and construction on the project has yet to start.
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The Largest Ltte Training Camp Was ..
Friday, 29 August 2014 - 9:40 AM SL Time
The village of Kolathur, 11 km from the Mettur dam in Salem district, was one of the places in Tamil Nadu where the cadre of the LTTE were imparted armed training in the early 1980s to fight the Sri Lankan forces.

The 1983 riots in Sri Lanka brought the ethnic issue into a sharp focus, and the island nation was unable to deal with the anti-Tamil violence effectively. This was a cause for grave concern to the Indian government. The public sentiments in Tamil Nadu turned strong, resulting in a forceful demand for Indias military intervention.
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Politics Political News Forum 

Namal and Harin SECRET TALKS
Saturday, 30 August 2014 - 10:32 AM SL Time
In a dramatic turn of events, in the political scene in Uva, where Provincial Elections are scheduled for 20 September, the UNP`s Chief Ministerial candidate, Harin Fernando has had a secret meeting with UPFA Hambantota District MP, Namal Rajapaksa, last Thursday (28) at the residence of UPFA parliamentarian, Chamika Buddhadasa, well informed sources revealed yesterday.

The meeting had lasted over 45 minutes, the sources said adding the details of the talks were not known. The duo had met at 2.30 p.m. on Thursday.
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Dayasiri discharged but told to rest
Friday, 29 August 2014 - 9:59 AM SL Time
North Western Province Chief Minister, Dayasiri Jayasekara has been advised by doctors to take a break from the hectic election campaign after he fell sick while campaigning in Badulla Wednesday (27) night.


Jayasekara, who was engaged in election campaign work, in Minister Nimal Siripala de Silva`s electorate, continuously for three days, was rushed to the Badulla General Hospital with breathing difficulties and giddiness, hospital sources said.
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Provisions for voters with disability to cast vote
Friday, 29 August 2014 - 9:54 AM SL Time
Provisions exist in Section 38 (2) of the Principal Act by Elections (Special Provisions) Act No 28 of 2011 for a person who is totally or partially visually handicapped or physically disabled to be accompanied by another person to assist in marking of the ballot paper, Elections Commissioner Mahinda Deshapriya stated in a media release yesterday.

The release added: ` The person who accompanies the disabled person should be more than 18 years and not a contesting candidate at the election. Similarly, he should not be an authorised agent or a polling agent of a political party at the election. In addition he should not be a person subject to any disability.
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Business / Economy News Business News Forum 

Sri Lanka Tourism welcomes 1,000,000th tourist
Saturday, 30 August 2014 - 10:31 AM SL Time
Achieving another milestone in the country`s booming tourism industry, Sri Lanka Tourism welcomed the arrival of 1,000,000th tourist in 2014 at the Bandaranaike International Airport yesterday. Sri Lanka Tourism officials including Managing Director Rumy Jauffer along with representatives from the travel and tourism industry welcomed the couple - Joshua Gladstein and Sophie Nathan who arrived on a SriLankan Airlines flight from London.

A special cultural dance recital was held at the BIA to welcome the duo and Sri Lanka Tourism offered a special gift and a complimentary package to the couple.
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Emerging Asia heading into US tightening : Fitch
Friday, 29 August 2014 - 9:52 AM SL Time
A year after the `taper tantrum`, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases.

Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the country s resilience to tapering-induced stresses in 2013. However, Sri Lanka s high GXFR remains a credit and rating weakness.
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22nd Annual NCE Export Awards launched
Friday, 29 August 2014 - 9:47 AM SL Time
The launch of the 22nd Annual NCE Export Awards conducted by the National Chamber of Exporters of Sri Lanka (NCE) was at the Hilton Colombo on Monday. The Annual Export Awards conducted by the NCE, is a high profile, and looked forward to event in the business calendar of Sri Lanka. The NCE which is the only Chamber which exclusively serves Sri Lankan Exporters and known as the Voice of the Exporters , has been conducting this event without a break since 1993. The office bearers of the NCE headed by President Mangala Yapa at the unveiling of the Trophy - See more at: http://www.dailynews.lk/?q=business/22nd-annual-nce-export-awards-launched#sthash.8FZW2e21.dpuf Full Story     Post Reply To This


Editorial News Editorial News Forum 

Dregs rolling in dosh
Saturday, 30 August 2014 - 10:33 AM SL Time
Election Commissioner Mahinda Deshapriya has urged the mainstream political parties to curtail expenditure on election related propaganda. They spend billions of rupees during elections and one wonders where all this money comes from.

The higher the campaign expenditure candidates or their parties incur the more dependent they become on financiers who, in most cases, are crooks who part with some of their black money in return for various favours from politicians after elections. It is alleged that a foreign drug baron who made an abortive attempt to smuggle in the largest ever heroin haul into this country lavishly bankrolled some ruling party politicians election campaigns.
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Wariyapola slapping
Friday, 29 August 2014 - 10:12 AM SL Time
We have witnessed high octane performance on the part of the police once again. On Wednesday, with the aid of a video clip posted on the Internet they arrested a woman who had repeatedly slapped a man in public in Wariyapola recently allegedly because the latter had made an indecent proposal.

In days of yore when mobile phones fitted with cameras and the Internet were unheard of an incident of that nature would not have developed into a mega issue and the victim would have gone back home, nursing his cheeks all the way it would have been known only to those present at the bus station where it occurred. The matter is now before courts of law and is best left to the learned judges.
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Beauty of principle
Thursday, 28 August 2014 - 10:13 AM SL Time
Water is said to be life. So is food. More than 25,000 people are said to die of starvation daily in all parts of the world, especially in poverty-stricken Africa. Paradoxically, thousands of others die due to overeating and the kind of food they consume. Noncommunicable diseases caused by gluttony and harmful substances in food, among other things, are on the rise globally. They account for about 65 percent of deaths in this country. The situation has taken a turn for the worse due to sedentary lifestyles and the proliferation of junk food in urban and semi-urban areas, health authorities tell us.
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Sports News Sports News Forum 

Sri Lanka take on Pakistan in decider at Dambulla
Saturday, 30 August 2014 - 10:34 AM SL Time
The picturesque Rangiri Dambulu International Cricket Stadium will be once again in the focus after a lapse of nine months when Sri Lanka and Pakistan meet each other in the deciding third one dayer which is a day-game, after both sides winning one each in the three match ODI series.

At Hambantota Pakistan won the first match in a day game and Sri Lanka beat Pakistan in the second match in a day/night match, and now the stage is set for an absorbing contest between the two teams for the final outcome of the three match ODI series. Pakistan after losing the Test series 2-0 will no doubt try to come back strongly , and Sri Lanka will be equally determined to take the ODI series as well.
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SL names squad for decider in Dambulla
Thursday, 28 August 2014 - 10:16 AM SL Time
At an SLC Selection Committee meeting, the following Sri Lanka cricket squad has been selected for the third and final One-day International, to be played in Dambulla on Saturday, against touring Pakistan. The three-match series between the two countries is levelled at 1-1.

SL Squad for the third ODI:

Angelo Mathews (Captain), Tillakaratne Dilshan, Upul Tharanga, Kumar Sangakkara, Mahela Jayawardene, Dinesh Chandimal, Ashan Priyanjan, Lahiru Thirimanne (Vice Captain), Lasith Malinga, Nuwan Kulasekara, Dhammika Prasad, Rangana Herath, Seekkuge Prasanna, Suraj Randiv and Thisara Perera.
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Sri Lanka square series Thisara takes 3-19
Wednesday, 27 August 2014 - 9:52 AM SL Time
Sri Lanka spinners Rangana Herath (2-38) and Seekkuge Prasanna 2-36) were joined by medium pacie Thisara Perera (3 for 19 in just three overs), in what can be called a death overs outburst, to turn the match in their favour and carried hosts to a series-levelling victory by 77 runs yesterday. Chasing 311 to win, Pakistan were bowled out for 233 in 43.5 overs. In their run chase, Pakistan were once comfortably placed at 114 for one in their 19th over. The 3rd and final One-dayer is to be played in Dambulla on Saturday (30).
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