President Maithripala Sirisena shaking hands with Chinese Ambassador Cheng Xueyuan, on Saturday, at a ceremony to mark the launch of a hospital project in Polonnaruwa.

Failure to renegotiate

causes huge losses

The Ceylon Electricity Board Engineers Union (CEBEU) had asked its members to be wary of making payments, amounting to Rs. 840 million, to ACE Embilipitiya Power Plant for the electricity CEB purchased after April 05, 2018, CEBEU President Saumya Kumarawadu told The Island yesterday.

Earlier this week Secretary to the Ministry of Power, Suren Batagoda instructed the Chairman and the General Manager of the Ceylon Electricity Board to settle outstanding payments, to the tune of Rs. 840 mn, to ACE Power Embilipitiya.



Eyebrows raised over playing Chinese national anthem before SL’s

Many an eyebrow has been raised over a government decision to play the Sri Lankan national anthem after that of China, at a state festival, attended by President Maithripala Sirisena, on Saturday.

Sri Lanka five wickets away from historic series win


South Africa’s impressive record of being an excellent travelling team will come to an end today at Sinhalese Sports Club grounds, possibly before lunch, as Sri Lanka’s spinner reduced the tourists to 139 for five at stumps on day three. Th...



Sri Lanka won the cricket World Cup once, but never again. We started down the slippery slope almost the morning after we had reached the zenith of achievement. That was because we dismantled the winning combination which included Ana Punchihewa and Da...

Commercial Bank opens micro-finance company in Myanmar


The Commercial Bank of Ceylon has opened a microfinance company as its second subsidiary in Myanmar, two years after opening a Representative Office in Yangon that offers advisory services, banking, funds transfer and encashment services to Sri Lankan ...

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