‘A Marketplace of Ideas’ – The Island

By Shamindra Ferdinando A bald-headed person, seated in a corner chair, in the deserted The Island editorial, looked at the writer as he entered the office. In spite of the spacious office being air-conditioned, he was smoking a cigarette. “Why are you wearing a tie? Remove it, call me Anton. Roll-up your sleeves, sit over there. Bala should be here soon.” That was the response, the writer received from the late Anton Weerasinghe when he addressed the first individual he encountered as “Sir” on the first day at The Island…

Read More

Triple suicide bombing kills three, wounds dozens in Ugandan capital

A triple suicide bombing killed at least three people in the heart of Uganda’s capital on Tuesday, sending members of parliament and others rushing for cover as cars burst into flames in the latest in a wave of bomb attacks. The blasts in Kampala shocked a nation that is known as a bulwark against violent Islamist militants in East Africa, and whose leader has spent years cultivating Western security support. At least 33 people were being treated in hospital, including five who were in critical condition, police spokesperson Fred Enanga…

Read More

Former England coach David ’Bumble’ Lloyd apologises for comments about ’Asian cricket community’

David Lloyd. Pic: Ian Hodgson/ANL/Shutterstock Former England coach David “Bumble” Lloyd has apologised to Azeem Rafiq and the “Asian cricket community” over comments he made. It comes after Rafiq gave evidence to MPs on his experience of institutional racism at Yorkshire County Cricket Club and within the sport as a whole. He said the Sky Sports commentator tried to smear him in an attempt to suppress his allegations of racism. “I sat in front of national TV and talked about the dark places this whole…

Read More

Capital Alliance kicks off Virtual Investor Forum – The Island

* Cost to Income Ratio (before VAT on Financial Services) improves to 30.73% from 33.95% at end 2020 and 38.51% at end 2019 *Pays Rs.10.981 billion in total as taxes *CASA ratio continues to improve, sets industry benchmark at 47.05% *Growth of impairment charges curtailed to 7.56%; totals Rs 17.997 billion *Provision cover further strengthened to 63.03%; net NPL ratio improves to 1.83% The Commercial Bank of Ceylon Group has achieved characteristically equitable growth for the nine months ending 30th September 2021, despite a slowing down in some key contributors…

Read More

Anti-Government Public Protest organised by SJB (PHOTOS)

The public protest organised by the Samagi Jana Balawegaya (SJB) against the government was staged in Colombo this (16) afternoon, under the leadership of Opposition Leader Sajith Premadasa. Many people who wanted to join the protest were retreated due to the Police but the protest was participated by a large crowd. Photos: Ajith Senevirathne To view full photos, Click Here Thank you more

Read More

Viren, Panchali clinch singles crowns – The Island

ICC T20 World Cup Tournament’s highest wicket taker Wanindu Hasaranga and Charith Asalanka have been named in the official ICC Men’s T20 World Cup Most Valuable Team of the Tournament. While Babar Azam has been named captain of the team, players from six countries have been named in the team. Stars from champions Australia, runners-up New Zealand, semi-finalists England and Pakistan as well as Sri Lanka and South Africa feature in the star-studded line up. Opening batter David Warner, leg-spinner Adam Zampa and seamer Josh Hazlewood all make the cut…

Read More

Prepare for a new era: Opposition Leader

The government has failed to provide solutions to the problems faced by the people and the people, therefore, should be ready to usher a new era for the country, said Leader of the Opposition Sajith Premadasa, speaking at the public protest organised against the government by the Samagi Jana Balawegaya (SJB) today (16). The public protest organised by the SJB addressed a number of issues including the cost of living and the fertiliser crisis. The protest action commenced from the point of the Opposition Leader’s…

Read More

Huge amounts of water allowed to run off from reservoirs without generating electricity

By Ifham Nizam The Ceylon Electricity Board (CEB) had lost nearly eight billion rupees savings due to the lackadaisical attitude of the Dispatch Department, energy experts said yesterday. The Rantembe, Victoria, Kotmale and Randenigala reservoirs are overflowing. Nearly 350 GWh were lost from Victoria Randenigala and Rantembe as per estimates in November 2021, independent energy expert, Energy Analyst Dr. Vidhura Ralapanawe pointed out. He the figure was much higher when other reservoir overflows were also added, and the CEB dispatch teams had a lot to answer for. A senior official…

Read More

CSE’s ASPI crosses 11,000 points for the first time

The Colombo Stock Exchange (CSE) set a new record today as the All Share Price Index (ASPI) surpassed 11,000 points for the first time in history. The ASPI closed at 11,008.33 points at the end of trading today (November 16), marking an increase of 2.38% (255.51 points) from the previous day. The previous highest was recorded earlier this month when the index closed at 10,632.21 points on November 05. More than 538 million shares were traded overall within the day and the market turnover is recorded as Rs. 10.27 billion.…

Read More

Oil Refinery closed as Subject Minister did not follow ‘proper procedure’ to import crude oil (VIDEO)

The Oil Refinery, at present, is closed, as the Subject Minister did not follow the prescribed procedure in importing crude oil, revealed Ananda Palitha, Convener of the United Trade Union Alliance, speaking to media today (16). Contradictory to the standard procurement procedure in which tenders should be called from companies registered to import crude oil and be given considering the manner in which crude oil is supplied to Sri Lanka in the long run, Energy Minister Udaya Gammanpila had directly awarded the tender to a…

Read More

Cost efficiencies drive vibrant 9-month growth for ComBank

* Cost to Income Ratio (before VAT on Financial Services) improves to 30.73% from 33.95% at end 2020 and 38.51% at end 2019 *Pays Rs.10.981 billion in total as taxes *CASA ratio continues to improve, sets industry benchmark at 47.05% *Growth of impairment charges curtailed to 7.56%; totals Rs 17.997 billion *Provision cover further strengthened to 63.03%; net NPL ratio improves to 1.83% The Commercial Bank of Ceylon Group has achieved characteristically equitable growth for the nine months ending 30th September 2021, despite a slowing down in some key contributors…

Read More

Cabinet approval to gazette Private Data Security Bill

The Cabinet of Ministers has given the approval to publish the gazette notification pertaining to Private Data Security Bill and to table it in the Parliament subsequently, says the Department of Government Information. The relevant proposal was submitted to the Cabinet by the President in his capacity as the Minister of Technology. The Private Data Security bill was drafted in a bid to ensure the security of the private data when using the collected data by institutions such as government establishments, banks, telecommunication facility providers and hospitals and to make…

Read More

Minister Gammanpila assures no shortage of fuel due to closure of refinery

By Rathindra Kuruwita Minister of Energy, Udaya Gammanpila yesterday said the Sapugaskanda Oil Refinery would be closed for 50 days, but the closure would not affect fuel supplies. Addressing the media yesterday in Colombo, the Minister said the government had been compelled to adopt that measure as it was utilising its limited foreign reserves frugally. “Our refinery is 51-years-old. Out of the total production of the refinery, 37% is furnace oil and naphtha, 19% jet fuel and 43% petrol and diesel. Due to heavy rains, the CEB produces over 50%…

Read More

High Commissioner of Sri Lanka to India Moragoda seeks greater cooperation in the civil aviation sector with India

High Commissioner of Sri Lanka to India Milinda Moragoda sought avenues of further strengthening the cooperation in the civil aviation sector with India, when he met the Civil Aviation Minister of India Shri Jyotiraditya Scindia in New Delhi, on 12 November, 2021   Minister Scindia accorded a warm welcome to High Commissioner Moragoda. The High Commissioner thanked the Minister for the hospitality, and the excellent arrangements that were in place for the Sri Lankan delegation that arrived in India for the opening of the Kushinagar…

Read More