Union Bank posts Rs 782 mn operational profits
Despite the volatile macro environment Union Bank has performed exceptionally well in 2017 resulting in a 35.6% increase in profits from operating act...
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SAITM needs a political solution: GMOA
The SAITM controversy was a result of arbitrary political decisions therefore it can be resolved only through a political solution, the Government Med...
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NTB records 31% growth in pre-tax profits
Nations Trust Bank closed the financial year 31st December 2017 with a post-tax profit of Rs. 3,371Mn, up by 18% over the previous year with pre-tax p...
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Most Lankan CEOs upbeat, but labour shortages a cause of concern
First-time Oxford Business Group Business Barometer Sri Lanka CEO survey made public Almost three-quarters (73%) of high-level executives inter...
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Before Modern Medicine: A Look At Ancient Medical Techniques Of Sri Lanka
The medicine trough which was discovered at the monastic hospital of the Alahana Pirivena premises in Polonnaruwa. Image courtesy lankatraveldirectory...
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RAINMAKING NO LONGER A JOB FOR THE GODS
"Due to decrease in rainfall in the catchment areas, a hydropower shortage is imminent. Therefore, we are trying to discover a way to continue electri...
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Indigenous Tamil film awes Sri Lankan cine-buffs
For the first time in 42 years, the island-nation saw the release of a Tamil film made by its own people Almost every Kollywood production finds an ...
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Major promotion drive finalized for Colombo Port Cabinet approval sought to fast-track ET development
A formal agreement was finalized between the Sri Lanka Ports Authority (SLPA), Colombo International Container Terminal (CICT) and South Asia Gateway ...
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UN staff remembers Una Mccauley’s legacy
The members of the United Nations staff in Sri Lanka came together to observe a moment of silence in remembrance of the life and legacy of Late UN Res...
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Mahendran not in Singapore address - Courier service
An international courier service, which was tasked to hand over the Notice issued by the Colombo Fort Magistrate, to former Central Bank Governor Arju...
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Why wasn’t Sarath Fonseka appointed law and order minister ?
The latest Cabinet reshuffle was a disappointment. Even some UNP parliamentarians have gone on record calling it a ‘joke’, others mutter the same ...
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Sinhala Only Act destroyed peaceful Sri Lanka: Prof. Rohan Gunaratna
Sri Lanka must have a Sedition Act or Maintenance of Religious Harmony Act to prevent people insulting other people, especially different ethnic group...
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Sri Lanka, emerging nations faces higher interest rates, tighter global credit: Mangala
Sri Lanka and emerging nations faces tighter credit conditions and higher interest rates, with policy rates in developed nations set to rise faster th...
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37th session of the UNHRC to get underway today
The 37th regular session of the United National Human Rights Council will get underway from today to the 23rd of March in Geneva, Switzerland. The Wo...
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Sridevi: Bollywood superstar dies at 54 of heart attack
Bollywood superstar Sridevi Kapoor, one of the biggest names in Hindi cinema, has died after suffering a heart attack in Dubai, her former manager sai...
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Soldier involved in blast was heading for duty – Police
A grenade explosion inside a packed private operated passenger bus at a location in Kahagolla, Diyathalawa early Wednesday that left 19 persons injure...
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Private sector borrowed less in 2017
Private sector credit expands by Rs. 617 b in 2017 but lower than Rs. 756 b in 2016 CB expects status quo to pick up with private sector borrow...
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Hiruni sets new SL record in Half Marathon
National Marathon record holder Hiruni Wijayarathne renewed her own SL half marathon record when she clocked 1 hour 14 minutes and 07 seconds to win t...
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Worker remittances down 1.1% in 2017
Worker remittances during 2017 declined 1.1 per cent to US$ 7.16 billion from US$ 7.24 billion recorded during the same period of 2016, as remittances...
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Minister Arjuna’s Natural Gas Company plan ‘goes for a six’.
An ambitious plan to establish the Sri Lanka Natural Gas Company (SLNGC) Ltd under the Petroleum Resources Development Ministry to handle operations o...
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A pointless reshuffle: MR
Former President Mahinda Rajapaksa said today that the Cabinet reshuffle was pointless as there was nothing new in it, while observing that removing t...
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Hambantota Port Final tranche of US$580M on May 9
The final payment of US$ 580 million, for the Hambantota Port joint venture, is expected to be paid by China Merchants Port Holdings Company on 9 May,...
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Villagers affected by Uma Oya Project: SC permits Bar Association to intervene
Supreme Court permitted Bar Association of Sri Lanka to be an intervenient petitioner in the fundamental rights petition with regard to Uma Oya Projec...
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