Srilankan Airlines takes delivery of its first A320neo

( February 27, 2017, Colombo, Sri Lanka Guardian) Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of the type. The delivery from Airbus’ facilities in Hamburg is the first of a fleet that’ll grow to six A320neo Family. Srilankan’s A320neo is configured for 150 passengers in a two-class cabin layout … Continue reading Srilankan Airlines takes delivery of its first A320neo

Sri Lanka: Crisis of the tea industry

by Dr U.Pethiyagoda ( February 26, 2017, Colombo, Sri Lanka Guardian) The tea industry is continually in “crisis”. This was so even 40 years ago, at which time (1975) my intimate direct contact with the industry ceased. I have however maintained my interest. I have from a long time earlier, entertained serious reservations about the viability of the industry. I must qualify my remarks by … Continue reading Sri Lanka: Crisis of the tea industry

China’s Weapons of Trade War

Even if a trade war does happen, China’s leaders assume, it probably would not be sustained for long, given the income and job losses that both sides would suffer. In any case, they have no intention of sending any signal of weakness to a leader so intent on testing other’s limits. by Keyu Jin ( February 23, 2017, Beijing, Sri Lanka Guardian) China exports more … Continue reading China’s Weapons of Trade War

Sri Lanka: Public transport in good governance

In Sri Lanka, most public transport workers behave arrogantly towards the passengers, making it appear as if they think that they ferry them around for free! This is due to ignorance. Passengers, on the other hand, seem ready to put up with the untold travails of daily travel with such uncultured drivers and conductors. Generally, public transport in Sri Lanka is in a shambles due … Continue reading Sri Lanka: Public transport in good governance

Sri Lanka: AG Slightly Answers Finance Minister’s pooh-pooh

‘Media’s darling’ says he is darling only to his wife (February 7, 2017, Colombo, Sri Lanka Guardian) Auditor General Gamini Wijesinghe, one of rarest professional and wise administrative officer in Sri Lanka, yesterday said that he was darling only to his wife. Referring to a recent remark by Finance Minister Ravi Karunanayake, a man who is under fire over corruption allegations, that the AG is … Continue reading Sri Lanka: AG Slightly Answers Finance Minister’s pooh-pooh

Sri Lanka: Yet Another Looter Yet Again Exposed — Neither Him Nor the Rulers Have Shame!

( February 5, 2017, Colombo, Sri Lanka Guardian) It has been revealed that former Governor of Central Bank of Sri Lanka (CBSL) Arjuna Madhendran, during whose tenure the controversial bond scam was committed, has defrauded Rs.66 million of public funds on 163 occasions. This is revealed in an internal audit carried out by the internal audit department of the CBSL. He has defrauded funds exceeding … Continue reading Sri Lanka: Yet Another Looter Yet Again Exposed — Neither Him Nor the Rulers Have Shame!

New app could save thousands of lives when the next tsunami strikes

The following article provided by the team developed the TsunamiApp (January 31, 2017, Colombo, Sri Lanka Guardian) Sri Lanka knows all too well about the devastating consequences of tsunamis. The Indian Ocean Tsunami of 2004 claimed more than 30,000 Sri Lankan lives, and left more than 5,000 missing. In a country with a population of nearly 21 million, these figures are staggering, accounting for 0.14% … Continue reading New app could save thousands of lives when the next tsunami strikes

Needed: A New National Export Policy

Our new export assistance needs clarity of purpose, including what export assistance needs to achieve and in what time frame. Export assistance needs to achieve either a reduction of risk or an increase in profits for firms. It should be concentrated in those areas where profits and risk inconsistencies cause market gaps. by Michael R. Czinkota  ( January 28, 2017, Washington DC, Sri Lanka Guardian) The … Continue reading Needed: A New National Export Policy

Sri Lanka: Looters in the Government Plotting Against AG

( January 27, 2017, Colombo, Sri Lanka Guardian) A group of UNP MPs is planning to bring in an adjournment motion against the audit general ( AG), most probably at today’s (27) sittings of parliament, the local media reported while quoting the political sources say. They met yesterday to discuss their plan, say the sources. It comes in the wake of a claim made to the … Continue reading Sri Lanka: Looters in the Government Plotting Against AG

Sri Lanka: Why is the Finance Minister scared of Auditor General?

( January 26, 2017, Colombo, Sri Lanka Guardian) Finance Minister Ravi Karunanayke participating in the debate in Parliament in connection with the Central Bank bond scam yesterday (25th) blamed the Auditor General stating he had released a report on bond transaction details to JVP Parliamentarian Bimal Rathnayaka. Mr. Karunanayake described the Auditor General as an “arrogant Government servant. However, COPE Chairman Sunil Handuneththi had clarified … Continue reading Sri Lanka: Why is the Finance Minister scared of Auditor General?