SL told to negotiate more realistic budget deficit target with IMF

21 Feb 2019

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The Sri Lankan government and International Monetary Fund (IMF) may need to negotiate a more realistic and acceptable budget deficit target that allows the economy to grow at a higher pace, according to Standard Chartered Bank’s global research team.

UDA and SLTDA partner to develop master plans for 7 tourism hubs

21 Feb 2019

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The Urban Development Authority (UDA) has entered into a partnership with the Sri Lanka Tourism Development Authority (SLTDA) to develop a tourism development master plan, to promote sustainable tourism development activities in seven existing as well as emerging tourism hubs—Kalpitiya, Arugam Bay, Ella, Pinnawala, Nuwara Eliya, Beruwala and Hikkaduwa.

Central Bank seen keeping rates steady as political tensions ease

21 Feb 2019

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(Colombo) REUTERS: The Central Bank is expected to leave its key interest rates steady tomorrow, a Reuters poll showed, as the island’s economy slowly recovers from a political crisis that sparked credit downgrades by all three major global rating agencies.

Sampath Bank Rs.7bn debenture issue snapped up on opening day

21 Feb 2019

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Sampath Bank PLC yesterday said its Rs.7 billion Basel III-compliant debenture issue was oversubscribed on the opening day.

Rupee ends higher as banks sell dollar; stocks at near 4-mth low

21 Feb 2019

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(Colombo) REUTERS: The Sri Lankan rupee rose 0.2 percent yesterday in a lacklustre trade on dollar sales by banks, market sources said. The stock market fell for the third straight session to a near four-month low as foreign investors exited from the island nation’s risky assets. The rupee ended at 179.50/70, compared with Monday’s close of 179.80/180.00, market sources said. Markets were closed on Tuesday for a public holiday.

MTD Walkers further enjoined till Mach 7 preventing transfer of shares

21 Feb 2019

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The Colombo Commercial High Court yesterday further enjoined MTD Walkers PLC, until March 7, from transferring its shares in the name of third parties. At the outset of the inquiry, the counsel for D.L.M. De Seram, appearing on behalf of the defendant MTD Walkers PLC of No 18, St. Michaels Road,

MP Gunawardena’s accusation of a fellow MP is at odds with the factual record

21 Feb 2019

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Relevant Hansard extracts (see Exhibits 1 and 2) show that MP Gunawardena was wrong on two counts – on the report and on the language of translation.

13 Indian fishermen arrested in Sri Lankan waters

21 Feb 2019

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Thirteen Indian fishermen who were poaching in Sri Lankan waters were arrested by the Navy in Northern seas, yesterday.

New media equipments for district media units

21 Feb 2019

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Action against military personnel: Ex-commanders urge Prez to intervene

21 Feb 2019

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A group of former three-forces commanders yesterday said a special procedure should be adopted when arresting or taking action against military personnel and urged President Maithripala Sirisena to intervene into the matter.

EASE Foundation: Giving hope for Autistic children Easing Autism through EASE

21 Feb 2019

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“Being mute is like having your brain gouged out,” writes Chandima Rajapatirana as he reflects on being mute for 18 long years. Chandima, fondly known as Chammi was diagnosed with autism at the age of four, but that didn’t stop him from learning to communicate. It is a general perception that children categorized as those with ‘special needs’ are blocked from communicating with the rest of the world.

Ma-Aa-Maga: The path I came A thought-provoking account by a veteran Journalist

21 Feb 2019

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Ma-Aa-Maga (The Path I Came), is a recollection of memories of a versatile personality in Sri Lanka’s newspaperdom. It is none other than Kumar Wethasinghe, who earned an unblemished career record at Lake House (ANCL), and at Wijeya Newspapers with over thirty-five years of service.

PM draws jibes from Tamil politicians After making a call to ‘forgive and forget’ during his tour of

21 Feb 2019

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Prime Minister Ranil Wickremesinghe’s call for ‘forgive and forget’ on incidents related to the war drew a jibe from the Tamil politicians.In his remarks made in Jaffna last week, the Prime Minister meant to say that those who committed crimes from both sides- the military and the LTTE- should be forgiven instead of harping on the issue continually with no solution in sight.

A short life on the ‘cocaine throne’

21 Feb 2019

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The arrest of Makandure Madush and the revelation of several politicians consuming narcotics underscores the fact that the drug trade in Sri Lanka has deep roots and can’t be eradicated that easily.

Martis suspended pending inquiry

21 Feb 2019

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St. Peter’s College and Havelock Sports Club Head Coach Sanath Martis has been ’suspended pending inquiry from all forms of rugby,’ Sri Lanka Rugby (SLR) said yesterday (20) following a long meeting.

So much of narcotics seized: Where do they end up?

21 Feb 2019

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Saturday’s Daily Mirror carried an expose headlined, ‘Who was behind the arrest of Makandure Madush’. The article gives a new take on the story that is continuing to create headlines and take centre-stage with startling new revelations on a daily basis about Sri Lanka’s on-going battle against narcotics. It is replete with details as to who played the key role and what took place

Constitutional Council and the poverty of independence, intellect and integrity

21 Feb 2019

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Many years ago, before the 17th Amendment was implemented, I ended my weekly column to the Sunday Island newspaper mentioning the number of days since the said amendment was passed and asking why the independent commissions had not been appointed. Around the same time, I pointed to the various flaws of the 17th Amendment and urged lawmakers to correct

145th Founder’s Week Celebrations by the Wesley College OBU Colombo Wesley College 145

21 Feb 2019

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Wesley College-a leading, Christian Boys School in Colombo was founded on the 2nd of March 1874. Every year, the Double Blue Fraternity gather to celebrate the memory of their Founder, the Rev. Daniel Henry Pereira – on Founder’s Day on the 2nd of March, which is the death anniversary of Rev. John Wesley the great Evangelist and Founder of the Methodist Church.

Sri Lanka Government Railways Where carriages, engines beg for a wash

21 Feb 2019

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I obtained a second class reserved seat for the 05.55 a.m. Colombo – Kandy Train. I arrived at the station by 05.30 a.m.. The train was parked at platform number 2 all ready to roll. I located my seat. Since there was time I walked from one end to the other of the train along the platform. A very pretty blue train, a power set. The carriages and engines humbly begging

Kalinga Indatissa elected BASL President

20 Feb 2019

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President’s Counsel Kalinga Indatissa was elected as the 25th President of Bar Association of Sri Lanka (BASL) while Attorney-at-Law Kaushalya Nawaratne was elected as its Secretary.