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Institutions remain the most important factor for strengthening productivity and the investment climate in a country. Good governance, rule of law, and socio-political stability are crucial determinants of long-run economic growth. As famously described by Douglas North, “Institutions are the rules of the game in a society; more formally, they are the humanly devised constraints […]

By Norman Palihawadane The matriarch of an elite Panadura family watching evening television in her mansion was recently gagged and robbed of her gold bangles (thee sovereigns) by an employment agency-provided domestic aide who had worked for her for four days. Police who have been unable to make any breakthrough into this case warned prospective […]

Opens phama laboratory

The name Apple Green would certainly ring a bell to those music lovers who were very much active in the local music scene, in the eighties. Their music was appreciated and they were true professionals in whatever they did…always looking for perfection. Apple Green, led by Rohan Mendis, was there in a big way, at […]

By Norman Palihawadane A woman who was travelling in a bus was killed during a shootout between police and a group of robbers at Danowita in Mirigama, yesterday.The Police Media Spokesperson’s Office said that acting on information that a gang was trying to rob a liquor shop, a police team had rushed to the scene. […]

By Saman Indrajith SJB Women’s Wing leader Hirunika Premachandra says that this government would not be able to stop the next wave of uprising which would ensure the ouster of Ranil Wickremesinghe from politics.Addressing the media at the Opposition Leader’s office, in Colombo, on Tuesday, Premachandra said: “The next uprising will be worse than the […]

People gather outside Buckingham Palace and other royal sites across the UK as a 10-day mourning period begins for the queen. (Al Jazeera) Britain has begun a 10-day mourning period for Queen Elizabeth II, with bells tolling around the country and 96 gun salutes planned in London – one for each year of the late […]

The UK has so far not provided direct assistance to Sri Lanka, struggling to cope up with the balance of payment crisis.UK Development Minister Vicky Ford has explained that their support would be directed, through international lending and relief agencies. Minister Ford stated the UK position on Tuesday (06) in response to a query raised […]

A car which was used by the late Diana, Princess of Wales has sold for £650,000 at auction, a BBC dispatch said.It said: Princess Diana, who died nearly 25 years ago, drove the black Ford Escort RS Turbo for nearly three years from August 1985. She was pictured with the car outside the boutique shops […]

by Rex Clementine The national cricket team has been served by some two dozen Head Coaches in the last two decades and having seen cricket from close quarters since the days  of Dav Whatmore to that of the incumbent Chris Silverwood, you can safely say that the knowledge of local coaches is as good as […]

by Saman Indrajith The government’s efforts to suppress political dissent, violently, will spare none, says the JVP. JVP Propaganda Secretary, MP Vijitha Herath, addressing the media, on Saturday, said: “We must unite, overlooking our political differences and join forces against suppression. Otherwise, all of us will have to suffer.  All trade unions, civil and religious […]

BY S VENKAT NARAYAN Our Special Correspondent  NEW DELHI, July 30: Even as the global aviation industry is recovering from the adverse impact of the Covid-19 pandemic, Ashok Aliseril Thamarakshan, a man from Kerala, is travelling through Europe with his family on a plane he built himself. The plane was built by Thamarakshan, now based in […]