The Central Bank has been telling the public again and again since March 2015 that the sale of government securities directly to primary dealers is faulty. According to the Bank, the system helps only a select crowd of primary dealers. Since the sales are made through telephone conversations and not through public auctions, the Bank further charges that the system lacks transparency.
More than 160 people are now known to have died in Sunday's appalling attack in Baghdad. It is just one of eight different attacks believed to have been carried out by the so-called Islamic State (IS) over the last month - the Muslim month of Ramadan.
In Kimbulapitiya village, fireworks manufacturers rely on taking deadly risks and innovation to meet soaring demand.
In this neo liberal or free market global economy, Sri Lanka was counted as a country moving in to the middle income group with an annual per capita income of 3,230 US dollars by the year 2014. It was expected to reach 4,400 US dollars by end this year (2016). In year 2014 this was equivalent to Rs.436,050 and for a month, was Rs.36,337 per person. In Sri Lanka, IF every person has that income, there cannot be beggars on the streets. There cannot be "Samurdhi" recipients in villages. There are beggars at every street corner and Samurdhi recipients in every village. Though termed "per capita", the majority is excluded from enjoying that income.
As Australian cricketers start their tour of Sri Lanka next month, Shane Warne will recall his transformation from a battered bowler to a spinner to fear in Sri Lanka in 1992.
The image of neatly dressed postmen on bicycles seems to belong to the past, what with increasing dependence on modern conveniences like email, text messages and VOIP. Receiving a letter these days often means receiving a bill and that hardly counts as exciting. The Post, however, doesn’t consider itself an anachronism – particularly not in a country where internet penetration is mostly an urban phenomenon. Joining – or perhaps even leading – the fight to stay relevant is, oddly enough, Sri Lanka Post.