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Latest News HeadlinesDistrict ranking error VsSecretary, Ministry of Technology and Research and Chairperson of the Committee Appointed by the President to Inquire into the District Ranking Error. Much is being said about the Report of the five-member Committee appointed by President Mahin...
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Fonseka appeals to Supreme CourtFormer Army Commander Sarath Fonseka yesterday appealed to the Supreme Court against the Appeal Court judgment that dismissed his appeal for the second Court Martial. The appellant, former Army Commander urged the Supreme Court to hear his appe...
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Gunfire, clashes reported from Sri Lanka`s main prison in ColomboReports from Sri Lanka `s main Welikada Prison in Colombo say clashes have erupted between inmates and prison guards and a tense situation is prevailing. Reportedly several inmates have staged a protest against a new prison officer and a clash...
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LLRC implementation getting off to good startThe government has made a good start to implementing the recommendations of the Lessons Learnt and Reconciliation Commission (LLRC). Within the next two months, the process of implementing the LLRC recommendations will get fully underway, External A...
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Sri Lankan seafarers to be employed in Italian vesselsSri Lanka will sign a Memorandum of Understanding with the government of Italy to allow the Italian authorities to recognize the certificates of competency issued for the Sri Lankan seafarers. The cabinet has granted approval to the proposal f...
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John Keells Holdings profits upJohn Keells Holdings PLC Chairman Susantha Ratnayake in his message of the interim report nine month period ended December 31, 2011 stated that the group revenues of Rs 21.14 billion and Rs 54.27 billion in the third quarter and the first nine month...
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Cairn Lanka enters phase 2 of oil exploration activity. Wednesday, 25 January 2012 - 9:57 PM SL Time Cairn Lanka, a fully owned subsidiary of Cairn India, says it has notified the government that it would soon enter phase 2 of its oil exploratory activities in Sri Lanka s side of the Mannar Basin.
Our successive discoveries in Sri Lanka have established a working hydrocarbon system in the frontier Mannar Basin. This success demonstrates Cairn India s strong skill set, which we will continue to leverage for future opportunities. We have also notified the Sri Lankan Government about our intention to enter the second phase of exploration,` Rahul Dhir, Managing Director and Chief Executive Officer, Cairn India said, releasing financials for the third quarter of the 2011/12 financial year.
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SLC in spotlight as COPE targets corrupt ministers, officials Tuesday, 24 January 2012 - 9:04 PM SL Time The Committee on Public Enterprises (COPE) has rapped Sri Lanka Cricket (SLC) for taking overdrafts from banks at high interest rates in spite of having cash, fixed deposits and Treasury Bills.
Addressing Secretaries to ministries in Parliament last week, COPE Chairman Senior Minister Dew Gunasekera highlighted the irregularities in the now bankrupt institution to emphasize the urgent need to restore financial integrity in the public sector.
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Sexual abuse of another foreign woman down south Monday, 23 January 2012 - 9:37 AM SL Time Increased police presence needed for unsupervised, unlicensed guest houses in new tourist zones
A Dutch couple was holidaying in Polhena, Matara early this month. The 25-year-old woman and her husband in the early 30s, were relaxing on the beach, when the husband decided to visit the nearby market. A little while after the husband had left, the lone woman on the beach was approached by a guest house owner who told her there was a spa nearby and, if she was interested, to follow him. Not suspecting anything, she had followed the man. Once inside the spa , the woman was sexually abused. The husband, on his return, encountered a distraught wife who related the sordid crime committed on her.
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District ranking error Vs Friday, 27 January 2012 - 9:50 AM SL Time Secretary, Ministry of Technology and Research and Chairperson of the Committee Appointed by the President to Inquire into the District Ranking Error. Much is being said about the Report of the five-member Committee appointed by President Mahinda Rajapaksa to report on matters relating to the District ranking error that occurred in the 2011 G.C.E A/L results. Some allege that the report seeks to cover up a serious flaw in the Z score calculation that has been used. Some allege that it has not addressed a vital concern regarding the Z score.
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Fonseka appeals to Supreme Court Friday, 27 January 2012 - 9:39 AM SL Time Former Army Commander Sarath Fonseka yesterday appealed to the Supreme Court against the Appeal Court judgment that dismissed his appeal for the second Court Martial. The appellant, former Army Commander urged the Supreme Court to hear his appeal and set aside the judgment of the Court of Appeal dated 16 December, 2011. He sought several other reliefs including an interim relief to stay the decision of the military tribunal consisting of second to the fourth respondents to convict the petitioner till the final hearing of the appeal.
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Gunfire, clashes reported from Sri Lanka`s main prison in Colombo Wednesday, 25 January 2012 - 8:46 AM SL Time Reports from Sri Lanka`s main Welikada Prison in Colombo say clashes have erupted between inmates and prison guards and a tense situation is prevailing. Reportedly several inmates have staged a protest against a new prison officer and a clash has ensued between the inmates and prison officials. Several inmates have been injured by gunfire, the officials have said. The Government Information Department reported that fire brigade has deployed fire trucks to the Welikada Prison to douse a fire at the premises.
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LLRC implementation getting off to good start Friday, 27 January 2012 - 10:02 AM SL Time The government has made a good start to implementing the recommendations of the Lessons Learnt and Reconciliation Commission (LLRC). Within the next two months, the process of implementing the LLRC recommendations will get fully underway, External Affairs Minister Prof G L Peiris said. He said the government will not present the LLRC report to the United Nations Human Rights Council (UNHRC) as it was a report commissioned by the President to investigate internal issues. Prof Peiris said so at yesterday s joint press conference with his Indonesian counterpart Dr. Marty Natalegawa.
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Sri Lankan seafarers to be employed in Italian vessels Friday, 27 January 2012 - 9:59 AM SL Time Sri Lanka will sign a Memorandum of Understanding with the government of Italy to allow the Italian authorities to recognize the certificates of competency issued for the Sri Lankan seafarers. The cabinet has granted approval to the proposal for the MoU put forward by President Mahinda Rajapaksa as the Minister of Ports and Highways. Under the MoU, the Italian Maritime Administration will facilitate the Sri Lankan seafarers to be employed on Italian Flag Vessels without holding an equivalent certificate of competency issued by the Maritime Administration of Italy, Minister of Mass Media and Information Keheliya Rambukwella told media in Colombo Thursday.
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Margin mayhem! Wednesday, 25 January 2012 - 9:05 AM SL Time Forced and panic selling wipes off a further Rs. 46 b in value, bringing total in two days to Rs. 90 b Bourse suffers biggest single day drop in recent months year-to-date dip of ASI nears 9%, MPI at 10% Call it margin mayhem, warranted freefall of highly-inflated penny stocks or even sheer loss of confidence, the Colombo stock market has all of it as it suffered the biggest day fall in recent months with Rs. 90 billion in value wiped off in just two days. Mid-day the ASI plunged by 211 points, but recovered thereafter to finish with a decline of 127 points or 2.24%. The Milanka Index shed 101 points (peak was 158 points dip) or 2%. The end result was the negative return of the Colombo Bourse (Asia s worst performer) eroding further with the ASI down 8.86% and MPI by 9.9% year-to-date. The ASI closed at its lowest level since 18 August 2010.
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John Keells Holdings profits up Friday, 27 January 2012 - 9:55 AM SL Time John Keells Holdings PLC Chairman Susantha Ratnayake in his message of the interim report nine month period ended December 31, 2011 stated that the group revenues of Rs 21.14 billion and Rs 54.27 billion in the third quarter and the first nine months of 2011-2012 were 35 percent and 28 percent above the Rs 15.62 billion and Rs 42.50 billion recorded in the corresponding periods of the previous year. Group gross profits of Rs 5.45 billion and Rs 12.40 billion in the third quarter and the first nine months of 2011/2012 were 32 percent and 33 percent above the Rs 4.12 billion and Rs 9.35 billion recorded in the corresponding periods in the previous year.
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Sri Lanka conglomerate sells stake on Colombo Port project for Rs. 630 million Friday, 27 January 2012 - 9:53 AM SL Time Colombo: Sri Lanka`s leading blue-chip conglomerate Aitken Spence has finalized the sale of its stake in the consortium Colombo International Container Terminals Limited (CICT), to the Chinese partner China Merchants Holdings International (CMHI). In a stock market filing to the Colombo Stock Exchange, Aitken Spence said the company finalized the formalities to sell its 30 percent stake in the US$500 million port expansion project to the Hong Kong-based CMHI at approximately Rs. 630 million.
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Over Rs. 6,500m for Anuradhapura road development projects Wednesday, 25 January 2012 - 8:54 AM SL Time `The government has initiated a massive road development drive in Anuradhapura and the Deyata Kirula national exhibition area. Over Rs. 6,500 million has been allocated for this project which includes the rehabilitation of main roads connecting different towns with Anuradhapura city , Ports and Highways Deputy Minister Nirmala Kothalawala told the Daily News. A massive transformation is taking place in road development with the awakening of Oyamaduwa as a result of the Deyata Kirula national development exhibition.
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Pockets of terror Friday, 27 January 2012 - 10:05 AM SL Time Prabhakaran is no longer around to trouble us. But, terrorism is far from banished from this country. There are still some pockets of terror where the writ of the government does not seem to run. They are the seats of higher learning and the state pens. On Tuesday, the New Welikada Magazine prison exploded. Remand prisoners went on the rampage attacking as they did their guards. They also set a building on fire. The bloody riot which left five officers and 26 attackers injured was initially attributed to the inmates` resentment towards a senior prisons officer. But, investigators now believe a crackdown on narcotics inside the prison may have triggered violence energetically stoked by some racketeers in the garb of jailers on the sly.
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A prescient warning Wednesday, 25 January 2012 - 9:08 AM SL Time Our ministerial worthies are doing their damnedest to cover up the GCE (A/L) results mess-up with the help of their propaganda and bureaucratic lackeys adept at obfuscation and mudslinging. But, theirs is an exercise in futility like that of a child trying to keep a rubber ball under water. The Z score issue has surfaced again much to the embarrassment of the government. In answer to a question from the Opposition in Parliament last week, Minister of Higher Education S. B. Dissanayake sought to deny Prof. R. O. Thattil the credit for having introduced the Z score scheme here. But, none other than the person who presided over the implementation of the Z score method has, in an article published on this page today, vouched for the fact that Prof. Thattil designed that scheme.
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All months are BLACK Tuesday, 24 January 2012 - 9:21 AM SL Time A collective of media rights groups is scheduled to stage a massive protest, Black January, tomorrow in Colombo against attacks on journalists. All right-minded people will readily pledge their solidarity with the campaigners for media freedom and protection of journalists. The past few years have seen a spate of attacks on the media. Journalists have been intimidated, assaulted, abducted and murdered media institutions have been set on fire. But, none of these incidents have been investigated properly and therefore naturally the government stands accused of being involved in them. That the perpetrators of such crimes cannot go scot free without political backing is common knowledge. It is heartening that media rights activists have, albeit belatedly, opted for shock therapy.
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Charith Senanayake new Sri Lanka team manager Friday, 27 January 2012 - 10:07 AM SL Time Lanka Cricket (SLC) will be appointing Charith Senanayake as the Sri Lanka Team Manager today for the forthcoming tour of Australia, ending days of speculation who would take over the post from former Sri Lanka skipper Anura Tennekoon. This would be the second time Senanayake will take over as the team manager having first taken the post in 2008. Senanayake, 49, played three Tests against New Zealand on the 1991 tour, and seven ODIS in 1990 and 91 with moderate success.
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Mendis content despite losing selection job Wednesday, 25 January 2012 - 9:10 AM SL Time Lankan cricket legend Duleep Mendis was dragged through the mud in recent times by critics who incessantly questioned the judgment of his team of selectors for the recent string of losses the national team suffered, and has paid a heavy price just for doing a great job, but is a contented man today though he has lost his job. I have no regrets. I knew all along that I was doing the right thing. It is for my country and I know that when you are doing a service to the country, personal attacks are negligible. The country always comes first for me. I endured all attacks and humiliation because they all were a small personal price I had to pay for the greater cause. Today I am a satisfied man. The perfor mance of our boys in South Africa proved beyond doubt that we picked the correct players, Mendis said yesterday as Sri Lanka kept their heads high ending the tour of South Africa despite losing both Test and ODI series.
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Sri Lanka sign off with exciting win Tuesday, 24 January 2012 - 9:23 AM SL Time Lanka chased down a gallant 313 successfully to win the fifth and final ODI against South Africa by two wickets played at Wanderers Stadium, Johannesburg yesterday. Sri Lanka won the last two games but South Africa finished the five-match series with a 3-2 victory. It was a nail-biting finish with six runs needed in the last over with four wickets in hand. Robin Petersen claimed two wickets in three balls but Sachithra Senanayake hit a six to guide Sri Lanka home with a ball to spare.
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