Political stability vital for an International Financial Centre By Jayampathy Jayasinghe View(s): View(s):Two things vital for the creation of an International Commercial court is the usage of English Law that has to be looked into first. Most international financial centres such as New York, Bombay, Hong Kong, Singapore and Sydney function on English Law and the other important aspect is the political stability of a country essential for establishing a financial centre which Sri Lanka lacks although still desires of hosting an International Financial Centre, according to a top expert. Referring to international financial centres, he said the first such centres began in Amsterdam and in London during the period when both cities belonged to Empires. New York was the other financial centre owing to the growth of industries and due to a large market that existed in the country. ”Elimination of corruption is important in building up a financial centre.
State funds for pilot project to draw power from the sea By Alvin Sallay View(s): View(s):A pilot project to harness electricity from sea energy will get underway immediately after the Minister of Power and Energy Ravi Karunanayake accepted the challenge thrown down by inventor Duncan Wickramasinghe that he will be able to generate energy from wave power. Mr. Wickramasinghe had charged successive governments in the past of ignoring proposals presented by him over the years to turn sea energy into electricity. He said in last week’s Business Times that the current power crisis could have been averted if previous Governments had men of vision who could have understood his proposal of harnessing wave power. Having read the story in the Business Times, Minister Karunanayake invited Mr. Wickramasinghe for a meeting on Tuesday where he said the Government would give a one million rupees grant – as requested by Mr. Wickramasinghe – towards the project. I will start immediately on this project and prove that my idea is workable,” Mr. Wickramasinghe added.
Water supply can’t meet hot-weather demand By Kasun Warakapitiya View(s): View(s):The Irrigation and Meteorology Departments are calling on the public to use water sparingly during the next few days. “Due to increased demand, people living in inner-city areas and in elevated areas are experiencing poor water supply due to lack of water pressure,” Board Chairman K.A. He said people must preserve water and use purified drinking water only for drinking and other essential activities. People there are being sent drinking water in bowsers and told to use the river-pipe water for cleaning. “We agreed to use our water bowsers to transport water to areas where the NWSDB is failing to provide water, and in return they arranged us access to their water source,” he said.
Moratuwa University’s CAR moves into top gear By Alvin Sallay View(s): View(s):Perhaps, one day, the Centre for Advanced Robotics at the University of Moratuwa might devise a robot capable of lighting an oil lamp. Soon after lighting the oil lamp, Dr. Buddhika Jayasekara, Director Centre for Advanced Robotics (CAR) at the University of Moratuwa, outlined the vision of this body established just two years ago: To become a centre of excellence in advanced robotics in South Asia. CAR is one of eight centres set up in recent years at the University of Moratuwa. In Sri Lanka this technology is still in the developing stage. “For Sri Lanka, robotics can make a very significant development if it is properly developed and deployed,” he added.
When Australia won the Cricket World Cup for the first time View(s):The 4th edition of the Cricket World Cup (WC) tournament, known as the Reliance Cup, was unique for two reasons. Sri Lanka lost all their games to the Test-playing nations and sadly ended at the bottom of the heap in the WC tournament. The semifinal between Australia and Pakistan was highlighted by Australian opening batsman David Boon top scoring with 75 off 125 balls, which helped Australia total 267/6. In the 2nd semifinal, India won the toss and, as was the custom in WC cricket, sent England in, (though Arjuna Ranatunga decided to break the mould 9 years later, with an astounding win! Australia, not considered a favourite to win the title, was delirious after the event, and for the first time, Australia won the WC, title cheered on by the Calcutta crowd which considered Australia the underdogs.
Happiness at Avurudu for everyone By Manoshi de Silva View(s): View(s):The Koha-bird sat on a branch to start singing his famous Avurudu song. “But why?” asked Koha in surprise, “this is not a time to feel scared or unhappy! Did she get wounded too?” asked Koha, remembering the cat who lived in the house. Why is everything so silent and gloomy around here?” asked Baba looking around and wondering what was wrong. “Why are you so sad?” asked Baba.
Gone are the days of Avurudu revelry View(s):In our youth we looked forward to the Sinhala and Tamil New Year. In distant days, relatives and friends from remote areas or villages visited close families in other distant villages, travelling in what were called buggy carts usually drawn by bulls, carrying baskets of goodies prepared by elders in their own kitchens. There were no ovens and gas cookers in those distant days. They were made over firewood “lipas” as they were called then and done over several days before the dawn of the aluth avurudda. That is if they had faintest idea of how to ‘get’ the konde of a konde kavun.
Can Alcazaba complete a rare hat-trick? Royal Turf Club Governor's Cup 2019 View(s): View(s):Alcazaba, the 9-year-old, seasoned mare owned by Deepthika Jayakody and Purni Edwards, will be eying a rare hat-trick at the Royal Turf Club (RTC) Governor’s Cup 2019, on Monday (15), at the Nuwara Eliya Racecourse. Referred to as the ‘Queen of Nuwara Eliya’, Alcazaba, however, will not be given easy access to equal the feat by ‘Ludo’, who claimed a hat-trick in 1898, 1899 and 1900. Janaka, but the real threat will be Spirited Touch, owned by Fearless Stables and ridden by jockey Aneel, with S.V. The 12 runners will cover 1600 metres for the coveted RTC Governor’s Cup, which is scheduled as the 5th and final race at 1.20 pm, of an exciting day.
UAE assures deportation of Madush By Ranjith Padmasiri View(s): View(s):The Sri Lankan government has received an assurance from the United Arab Emirates government that it would deport underworld gang member Madush Lakshitha alias Makandure Madhush now in its custody, a senior official said. Mr. Marapana and Mr. de Livera who were sent by President Maithripala Sirisena to secure the deportation of Madush had pointed out that Madush had travelled under a false name to the UAE after obtaining a forged identity card, forged passport and a forged visa thereby violating UAE laws. He had travelled under the name of Aranga Warnakulasuriya in 2015 to the UAE and had obtained a resident visa under the false name. Also handed over to the Abu Dhabi minister was a dossier of the cases, for which Madush was wanted. The cases and allegations included 10 murders, three attempted murders, three robberies, two cases of illegal possession of weapons and 18 cases of conspiracy to murder.
IMF facility for Sri Lanka remains unchanged By Bandula Sirimanna View(s): View(s):The International Monetary Fund (IMF) has given an assurance to Sri Lanka that the Extended Fund Facility arrangement of around US$1.5 billion will remain unchanged, as approved in June 2016, IMF official sources said. Government authorities requested to extend the EFF arrangement for an additional year, until early June 2020, to allow more time for the completion of the economic reform agenda, IMF Sri Lanka mission chief Manuela Goretti told the Business Times. Subject to the IMF Board’s approval of the extension request, this is expected to be spread evenly into three tranches, over three reviews. Accordingly, the amount of the next tranche for the completion of the fifth review is expected to be about $165 million. The US dollar amount of each tranche will be determined based on the value of the IMF’s SDR (Special Drawing Rights) at the time of IMF Board approval of the disbursement, she added.
Que Sira, Sira, what madness next View(s):Sri Lanka might be in the midst of a drought, it might be without power (electrical that is, not political). What else do they have to laugh about but the antics of the country’s leaders and those aspiring to lead? It was a genuine 24-carat piece of craftsmanship, apparently done by the collective genius of the inhabitants of the presidential secretariat and possibly the presidential media division, which has raised quite some laughs in its time. On the left it says “Get sentence for illegal DRUGS” and under that it reads “liquor and others”. There are more important things to consider as President Sirisena launches what many consider an election bid with some hilarious episodes.
Being honest View(s):When the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), Director-General Sarath Jayamanne, and a Government delegation recently visited Bhutan for an anti-corruption conference, they met the country’s Prime Minister. Still, in the region, Sri Lanka lags behind Bhutan (25th) and India (78th). Bribery reeks from top to bottom in all spheres, be it political or public institutions. Integrity, according to Wikipedia, is the “practice of being honest and showing a consistent and uncompromising adherence to strong moral and ethical principles and values. At that moment, I switched off from their conversation to put the final touches to today’s discussion on honesty, integrity and good governance.
enables or facilitates any person connected to a sport to commit any offence specified in section 4, 5″ or 6.. commits an offence. Failure to disclose information an offence Punishment: A fine not exceeding Rs. Failure to cooperate etc., in relation to an investigation to be an offence Punishment: A fine not exceeding Rs. Failure to maintain confidentiality by a service provider Punishment: A fine not exceeding Rs. Making false allegations Punishment: A fine not exceeding Rs.
Drought worsens lives of 117,000 people across island View(s):More than 117,000 people from 33,775 Sri Lankan families across the island are once again facing the double whammy of debilitating drought and the lack of water for drinking, livestock, and cultivation as of this month. The worst drought hit regions are Puttalam, Vavuniya, Jaffna, Gampaha, Matara, Polonnaruwa and Kandy. Meanwhile, 300 water tankers and 4,471 water tanks have been distributed across 13 districts, so far. According to Dr Jayawardena’s study of Sri Lanka’s weather patterns over the years, two weather scenarios emerged based on emissions of greenhouse gas. The heat is expected to increase from 32-41 centigrade and people are being advised to watch out for heat cramps and heat exhaustion.
Festival of Trees View(s):On March 31, 2019 a session named ‘Festival of Trees’ was held by Dilmah Conservation and the Funday Times. The smaller kids went to see the Butterfly Garden, which we went to visit later. An arboretum is a small area where many trees are grown, in order to conserve them, for scientific research and for educational purposes. Here, we were able to see some species of trees found in Sri Lanka, such as the suicide tree (kaduru), vetakeiyya, thimbiri, vallapatta and indi trees. Next, we went to the Butterfly Garden.