Sahan Weerasooriya

2 weeks ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

In a bid to address mounting trade tensions, the Sri Lankan government has intensified efforts to reduce its significant trade deficit with the United States, Deputy Minister of Economic Development Dr. Anil Jayantha Fernando announced in parliament yesterday. He added that President Anura Kumara Dissanayake has despatched a formal letter to President Trump urging, among other things, a re-assessment of the recent enhanced tariff regime imposed on Sri Lanka.

2 weeks ago | island.lk | Sahan Weerasooriya |Lynn Ockersz

By Lynn OckerszA learned judge across the Palk Strait,Had certainly got his basics in place,When he held for the primacy of Bread,And received wisdom freshly upheld,That it is to the eatery and not the library,That a starving human drags himself,Thus putting to rest at first blush,The Bread or Books first debate,But rush not to conclusions in this instance,For, while Bread satisfies the physical self,It’s Books that nourish the heart and mind,So, let not Books and Bread futilely contend.

2 weeks ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

CSE trading was halted yesterday after a sensitive index dropped 5.30-pct 20 minutes after resuming its trading activities following massive selling pressure. This was also mainly due to US President Donald Trump’s tariff increase on imports entering the US market. The market halted or witnessed a circuit- breaker due to the S&P SL20 index dropping over 5 percent from the previous close. This practice was in accordance with SEC Directive dated April 30, 2020,market analysts said.

3 weeks ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

The stock market yesterday witnessed some positive trading activities from the beginning as local and foreign investors anticipated beneficial economic outcomes from Indian Prime Minister Narendra Modi’s visit to Sri Lanka this week. Amid those developments both indices moved upwards. The All Share Price Index went up by 72.1 points while S and P SL20 rose by 15.63 points. Turnover stood at Rs 2.2 bullion with seven crossings.

3 weeks ago | island.lk | Sahan Weerasooriya |Lynn Ockersz

Survivors of the South-East Asian tragedy,Triggered by nature’s stern promptings,Somehow reining-in suffocating sorrow,Are leaving no unhinged stone unturned,To salvage the remains of those held dear,In fresh testimony of love’s staying power,But it speaks well for the untouched majority,That unstinted succor is pouring in,To render some solace to the hapless,Although no amount of fellow feeling,Could make up for the wrenching sorrow,Of parting from a priceless presence.