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It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
Non-Americans generally have a patronising, derisive view of American politics. That also applies to this presidential election campaign. Trivia, mud-slinging, bitter partisanship, extremism (particularly among Republicans) and Washington gridlock crowd out sensible debate, reasonable compromise and hard policy choices. That, at least, is the conventional wisdom. But it is wrong in one major respe...
By Shanuka Tissera Newly appointed US Ambassador Michele Sison has called on the Sri Lankan private sector to promote entrepreneurship to galvanise partnerships with US companies and foster post-war economic growth. Delivering her first speech since her appointment at the 20th anniversary celebrations of the American Chamber of Commerce (AMCHAM), Sison was insistent that ...
In yet another initiative towards a greener tomorrow, the Cinnamon Grand Sustainability Division held an energy savings seminar for the hotel’s employees from departments which deal with heavy electricity usage. The Green Forum, aimed at spreading environmental wisdom for a greener future, focused onelectricity preservation, at home and work. Hence, the interactive seminar was one ...
SINGAPORE (Reuters): Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices stayed under a four-month peak hit on Friday on worries that high oil prices could hamper efforts to boost a struggling world economy. Oil has been boosted by the U.S. Federal Reserve’s aggressive moves last ...
I wonder if you can remember the famous World Cup Soccer final some years back where the fourth referee intervened after the great Zinedine Zidane head-butted Italian defender Marco Materazzi in the World Cup final. It would have perhaps gone unnoticed if not the TV referral. In my view, if this had gone unnoticed, it ...
The Government has gazetted a Bill, on 27 July 2012, to set up a Divi Neguma Department, which will take over the existing Samurdhi Authority, the Southern Development Authority and the Udarata Development Authority (successor to the Kandyan Peasantry Commission). The Bill will also set up a Divi Neguma Community Based Organisation, Divi Neguma Community ...
The unprecedented sentiments-driven bull run has propelled the Colombo Bourse from Asia’s worst performer to the best within the past month with a 22% return, with some expecting the rally to enjoy a fresh burst this week as well, though this time around on fundamentals. The Colombo stock market recorded one of the highest weekly ...
Maersk plans to hike freight rates: CEO Company needs to cover costs on lower volume Maersk looks to maintain market share, not boost it MADISON, NEW JERSEY (Reuters): US and European debt crises are paralysing consumer demand for goods exported from China and putting downward pressure on some shipping rates, said Nils Andersen, chief executive ...
NEW DELHI (Reuters): India allowed foreign airlines to buy stakes of up to 49 per cent in local carriers in a long-awaited policy move, providing a potential lifeline to the country’s debt-laden airlines by opening up a fresh source of funding. Friday’s decision, coming on the back of a controversial diesel price hike on Thursday, ...
NEW YORK (Reuters): Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each ...
MP Mangala Samaraweera yesterday in a statement has jeered the recent rebound in the Colombo stock market as well as the appointment of the new Chairman at the Securities and Exchange Commission (SEC), in addition to being highly critical of the so-called mafia of investors. Following is the full text of Samaraweera’s statement: In an ...
The new US Ambassador Michele J. Sison presented her credentials as Ambassador to the Democratic Socialist Republic of Sri Lanka yesterday to President Mahinda Rajapaksa. Ambassador Sison is a career member of the United States Senior Foreign Service, Class of Minister-Counselor. Michele J. Sison, a career member of the U.S. Senior Foreign Service, was ...
Speaker of Lok Sabha, the Lower House of the Parliament of India, Meira Kumar called on President Mahinda Rajapaksa on Thursday at Temple Trees. The Speaker was accompanied by Prof. P.J. Kurien, Deputy Chairman, Rajya Sabha, Ashok K. Kantha, High Commissioner of India, and T.K. Viswanathan, Secretary General, Lok Sabha. The meeting was held in ...
The concern about indigenous people in the world has risen considerably in recent times. Not so long ago, in most countries they were looked down upon as an uncivilised set of people. The indigenous people have attracted the attention of the United Nations as well. So far the United Nations Postal Administration has issued two ...
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
Adlai Stevenson once said that “public confidence in the integrity of the government is indispensable to faith in democracy; and when we lose faith in the system, we have lost faith in everything we fight and spend for”. Public integrity is one of the salient features of a democratic system of governance, where every action ...
UNP MP Karu Jayasuriya yesterday said that the results of the elections for three Provincial Councils last week confirm that a large number of people do not approve the Government and the path it has taken with many burning issues unresolved. Following is the full text of the statement issued by Jayasuriya: The Provincial Council ...
Reuters: Europe moved a step closer to a banking union on Wednesday with a plan for the European Central Bank to supervise all euro zone banks, a cornerstone of closer fiscal integration designed to end years of financial turmoil in the region. European Commission President Jose Manuel Barroso outlined the proposal in his annual “state ...
Singapore, Hong Kong and Sydney have the strongest brand perception among major cities across Asia-Pacific, according to a new study by Ogilvy Public Relations and PublicAffairsAsia. Those cities were followed in descending order by Tokyo, Melbourne, Shanghai, Seoul, Osaka, Bangkok, Beijing, Kuala Lumpur, Ho Chi Minh, Mumbai, Delhi, Jakarta and Manila. A total of 300 ...
It was well past the graveyard shift, but I had to get to Minister Mervyn Silva. Evil-doers had cast a fiendish spell and he had just promulgated his impending suicide. His has been a monumental crusade for the oppressed, goats including. I raced towards Kelaniya. Just then the phone rang. His young son Malaka had, ...
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
Reuters: Germany’s Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone’s new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund. The eagerly awaited verdict boosted global stocks and the euro currency as investors ...
The Government, which is juggling several internationally important events at the moment, will have one more ball to deal with as the United Nations Review Team arrives today for what promises to be an interesting tour. The team, which will consist of officials from India, Spain and Benin, will evaluate Sri Lanka’s post-war reconciliation progress ...
The new Ambassador of the United States to Sri Lanka and Maldives Michele Sison, who arrived in Colombo last weekend has met with Minister of External Affairs Prof. G.L. Peiris at the Ministry on Monday. The Ambassador-designate and the Minister have discussed political and economic developments in the island since the end of the conflict, ...
A top United Nations envoy on Tuesday stressed the need for more action to prevent violations from being committed against children affected by conflict and for greater accountability for such violations. “Justice and healing is most effectively achieved through national accountability mechanisms. For this, it is crucial to build national capacity – with international support ...
Of media, politics, and striking the right balance By Cheranka Mendis The actual conflict between journalism and politics lies in a tug-o-war between presenting a narration of reality as it was while dodging attempts of other parties to frame stories for personal agendas. Speaking at a breakfast meeting, Al Jazeera Network Former Director General Wadah ...
On Friday (7) afternoon, the eve of provincial council elections in three provinces, a certain gathering took place at 101, Rosmead Place, which houses the corporate offices of Democratic National Alliance (DNA) National List Parliamentarian, Tiran Alles. Consultations that lasted for hours, took place between Alles and UNP Deputy Leader Sajith Premadasa and a few ...