Oil falls below $94 as recession drags on in Eurozone

A file photo of traders working at the crude oil options pit at the New York Mercantile Exchange in New York. – Submitted by Walter Jayawardhana – The price of oil fell to near $93 on Wednesday after the publication of disappointing economic growth figures in Europe, with the 17-country eurozone languishing in its longest […]



President Rajapaksa Stresses Significance of Local Government for Democracy at the Commonwealth Local Government Conference 2013

President Mahinda Rajapaksa, yesterday (May 14), delivered the keynote address at the Commonwealth Local Government Conference (CLGC) 2013 held in Kampala, Uganda, under the theme “Developmental Local Government: Putting Local Government at the Heart of Development.” […]



Sri Lanka’s Parliament must ban BEEF in its canteen

– by Shenali Waduge – Amid the political fanfare the Sri Lankan Parliament canteen also made headlines recently. It was nothing to do with the 5-star hotel breakfast for Rs.80 or similar lunch for Rs.150 and nothing to do with honey, cornflakes, golden syrup and other delicacies accommodated on requests by Parliamentarians slavishly and tirelessly […]



Minister Wimal has no intension of challenging the monks

While stating that he would not respond to the challenge posed by Ven. Galagodaatte Gnasara Thera of the Bodu Bala Sena (BBS) against him, Minister Wimal Weerawansa yesterday charged that the BBS should challenge Dilantha Vithanage of the BBS and the Norwegian Embassy in Colombo. […]



“Tampering civilians’ Statements is a serious matter”, tells Ambassador Amza to the Channel-4 Director at the Screening of “No Fire Zone” in the European Parliament

Media Release issued by the Embassy of Sri Lanka to Belgium, Luxembourg & the European Union- Brussels During his intervention at the end of a panel discussion that followed the screening of the film “No Fire Zone: The Killing Fields of Sri Lanka”, held at the premises of the European Parliament on Tuesday, the 14th […]





FUTA won’t join strike against power tariff hike

The Federation of University Teachers (FUTA) will not take part in the strike the Co–ordination Committee of the Trade Union Alliance (CCTUA) will hold on May 21 against the electricity tariff increases, The Island learns. It has, however, pledged solidarity with CCTUA. […]






Inflation elevated, reserves low: IMF

The IMF warned Sri Lanka that inflation was elevated and cautioned the Central Bank against easing monetary policy, while international reserves were low. It said a new phase of reforms were needed to ensure a sustainable fiscal position, achieve low and stable inflation, safeguard financial stability, and support high and inclusive growth over the medium […]






British complicity in murder of Burma’s national hero Aung San raises issues for wider investigation of British crimes in colonial era

  – by Shenali Waduge – Mr. David Cameron, British Prime Minister, has vowed to give Sri Lanka lessons on human rights when he attends the Commonwealth Heads of Government Meeting in Sri Lanka in November 2013. It is an astonishing statement coming from a head of a country that once ran an Empire not […]