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Junior Cricket Selection Committee named

The junior cricket selection committee got their appointment letters from Sports Minister Harin Fernando recently.

The committee will be involved in selections of the Under 15, Under 17, Under 19 and Under 23 national level teams plus the provincial teams. The committee will be functioning for a period of one year till end January 2020.

Former national players Farveez Mahroof and Nilantha…

Germany calls for more transparency in SL as bilateral ties expand

Amidst growing bilateral ties, Germany is calling for improved efficiency and transparency in Sri Lanka to achieve a more robust and win-win partnership.

“Germany’s footprint in Sri Lanka and vice versa have been growing, resulting in greater bilateral cooperation,”

German Ambassador in Sri Lanka Jörn Rohde told, adding that in recent years, the German Foreign Minister visited Sri Lanka followed…

RPCs call for new wage model for estate workers

As demand for further increases in the plantation workers wage continues, Regional Plantation Companies (RPCs) have called for a new wage structure focusing on a revenue share model that could have sweeping productivity-focused reforms in the entire industry.

“When we signed the collective agreement on the new wages we informed all stakeholders including the Plantation Minister and the Labour…

Sri Lanka and India are two sides of the same coin: Ranil

Reinforcing the importance of stronger ties, especially economic Prime Minister Ranil Wickremesinghe on Sunday described Sri Lanka and India as “two sides of the same coin.”

Speaking at the a reception to commemorate the 70th Republic Day of India and 71st Independence Day of Sri Lanka on Sunday at Taj Samudra, Wickremesinghe recalled that it was trade between the two countries which led to…

Sports Minister orders Forensic audit on SLC

The Minister of Sports Harin Fernando yesterday ordered the Competent Authority to carry out a forensic audit on the financial transactions of Sri Lanka Cricket (SLC) from 2016-2018.

Minister Harin Fernando has requested the competent authority Sports Ministry secretary Chulananda Perera to produce a report on the audit within two weeks.

“The audit was commissioned to investigate into…

Ceylon Chamber releases Outlook Report for 2019

The Ceylon Chamber of Commerce launched its third annual outlook report titled ‘Economy + Sector Review and Outlook 2019’, which contains insights on the key trends, risks and prospects of both the local and global economy as well as high-level perspective on the performance of key sectors.

This publication produced by the Economic Intelligence Unit of The Ceylon Chamber provides a recap of the…

CB calls for managers to raise $ 2 b in bonds

The Central Bank yesterday issued a request on proposals from investment banks to sell up to $ 2 billion in international sovereign bonds as the Government readies to repay $ 5.9 billion in debt this year.

The notice posted on the Central Bank website said as per the approved International Sovereign Bond program for 2019, the Government intends to issue Sovereign Bonds in dollars, yen, renminbi…

Sri Lanka to grow 3.5%-4%: CCC

The Economic Intelligence Unit of the Ceylon Chamber of Commerce (CCC) expects Sri Lanka to grow by about 3.5% in 2019 buoyed by increased rainfall and stronger consumption but was cautious of political uncertainty ahead of elections and external challenges.

Presenting the key findings of the Outlook 2019 report compiled by the EIU CCC Chief Economist Shiran Fernando noted that Sri Lanka is…