Economy & Markets

New PM

Former opposition leader and Sri Lanka Freedom Party stalwart from the South, 59-year-old Mahinda Rajapaksa took oaths as the new Prime Minister in President …

Fresh Blood

The Cabinet of Ministers in the President Chandrika Bandaranayake Kumaranatunges new government is due to be finalised by Wednesday, say top JVP …

Lead Actor

Sri Lankas new prime minister, Mahinda Rajapakse, is a part-time film star but his new role requires a major balancing act to keep a minority government from …

Nail Biting

Local financial markets took a beating on Tuesday, which saw the equity and currency markets come under pressure, while bond dealers opted not to trade.Markets …

Who’s The Face?

The absence of a coherent economic policy, ranging from fiscal discipline, economic reforms, together with how fast new government will woo foreign donors to …

Generous Hand

Sri Lanka is lined up for a '80 5.5 mn assistance package from the European Commission (EC) to resettle and rehabilitate over 270,000 displaced people. online …

Coming Up

As the Freedom Alliance prepared to form a government, outgoing Prime Minister Ranil Wickremesinghe warned that a government without an absolute majority in …

Upside Down

A hung parliament resulting from Sri Lankas elections could further hamper efforts to end three decades of ethnic war as a weak government cannot engage in …

All Clear

Elections Chief Dayananda Dissanayake has opted not to go for fresh polls in two districts, which were reported to have voting irregularities and instead …

Mixed Up

Sri Lankans voted in a hung parliament, after President Chandrika Kumaratungas United Peoples Freedom Alliance (UPFA) won Fridays poll, but fell short of an …

Cross Breed

The polls were called early by President Chandrika Kumaratunga to end a power struggle with the rival prime minister over peace talks with the Tamil Tigers, …

Move On

After an overwhelming anti-government vote at Fridays election, JBIZ Chief says the business community should accept the will of the people and work with the …

Long Wait

Dissanayake told reporters that he would meet party leaders on Sunday 10.30 am to appraise them of the situation and take a decision thereafter whether to go …

Polls Watch 1

President Chandrika Kumaratungas United Peoples Freedom Alliance is still leading Fridays polls, however, her party may still fall short of an absolute …

Delayed Feed

Sri Lankas final election results could be held up for a week pending a fresh poll in two areas affected by vote rigging, a top election official told …

Ready To Rule

President Chandrika Kumaratungas party is ready to form a new government even if it did not garner a simple majority in parliamentary elections, her spokesman …

Communal Living

Sri Lanka will have a coalition government as no party secured a clear majority in just concluded parliamentary elections, Prime Minister Ranil Wickremesinghe …

Well Done

The U.S. Embassy on Saturday congratulated the Sri Lankanrnpeople on the conclusion of a largely peaceful parliamentary election rnwith an impressive level of …

Shaky Ground

Sri Lanka was headed Saturday for a shaky coalition government as no clear winner emerged in parliamentary elections called to settle a power struggle that has …

Poll Jitters

The rupee ended a tad lower against the US dollar on election day, though there were concerns that the currency could face a volatile period, on the outcome of …