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Oct 30, 2014 4:18:15 PM - www.ft.lk
The role of leaders came under fresh debate at the recently held forum facilitated by the Colombo Leadership Academy. At the inaugural event of the flagship leadership coaching program ‘Winning Leadership Strategy for High Performance’, a prolific panel discussion titled ‘Should Corporates Invest on Leadership Development’ was deliberated by experts in the field. Moderated by ...
Oct 30, 2014 4:14:40 PM - www.ft.lk
The 2015 Budget speech of the President included a commitment to increase the number of students entering universities to 100,000 by 2020 and also to allocate more funds for vocational training. The current intake to Government universities is around 25,000 per year. Nearly 60% (150,000) of the students, who sit for the exam satisfies the ...
Oct 30, 2014 4:11:24 PM - www.ft.lk
To be held from 31 October to 2 November at the SLECC. Over 200 selected inventions under 13 themes Private sector investors to select potential inventions to commercialise Dasis Award to best and 10 winners to attend Geneva International Exhibition  in 2015 Over 200 selected Sri Lankans will display their inventions and innovations at the ...
Oct 30, 2014 4:07:53 PM - www.ft.lk
On 27 October 2014 at 23:30 hrs Cathay Pacific Airways welcomed the first ever scheduled non-stop flight from Hong Kong. Flight CX 611 from Hong Kong was greeted with a water cannon salute to mark an important milestone in the history of aviation between the two countries. The arriving crew were greeted with flowers, followed ...
Oct 30, 2014 4:06:38 PM - www.ft.lk
In an unprecedented display of achievement and commitment, Jetwing dominated the THASL (The Hotels Association of Sri Lanka) Green Hotels Awards 2014, with Bawa masterpiece Jetwing Lagoon picking up three of four awards in the Large Hotels and Boutique Hotels category, along with Jetwing Yala, Jetwing Sea and Jetwing Vil Uyana receiving other accolades. Organised ...
Oct 30, 2014 4:05:25 PM - www.ft.lk
Sinhaputra Finance PLC has diversified into the budget tourism sector with the introduction of capsule sleepers made popular in Japan with wide usage in different parts of the world. This concept involves a sleeping capsule built into a concrete Hume pipe, complete with bedding, air-conditioning and a finished interior with easy access to common usage ...
Oct 30, 2014 4:04:54 PM - www.ft.lk
Qatar Airways fleet of Airbus A380 aircraft are fully connected with both Mobile OnAir and the next generation Internet OnAir. The inflight Wi-Fi connectivity of Qatar Airways’ A380s, allows passengers to send emails, surf the web, or stay up-to-date with their social network. OnAir’s SwiftBroadband-based mobile phone and Wi-Fi inflight connectivity is now successfully deployed ...
Oct 30, 2014 4:04:24 PM - www.ft.lk
Gulf Air, the national carrier of the Kingdom of Bahrain, has launched direct flights to the Russian capital city of Moscow. Gulf Air will operate the flights four times per week departing Bahrain on Mondays, Tuesdays, Fridays and Saturdays at 09:00. The route will be operated with Airbus A320 aircraft in a two-class configuration of ...
Oct 30, 2014 4:04:03 PM - www.ft.lk
Qantas customers travelling internationally in Business Class will soon be able to enjoy Australian-made spa products, Aspar by Aurora Spa, in newly designed Kate Spade and Jack Spade amenity kits. The amenity kits include a Qantas exclusive Aspar Sweet Orange & Shea Hand Cream, Vanilla & Orange Lip Moisturiser and an Ultra Hydrating Face Moisturiser, ...
Oct 30, 2014 4:03:20 PM - www.ft.lk
The apex body of the insurance sector in Sri Lanka, the Insurance Association of Sri Lanka (IASL)’s General Insurance Forum, organised a timely and relevant workshop for the industry’s motor insurance assessors in a bid to provide a prominent platform to discuss pressing issues in the motor insurance sector. The gathering of industry professionals and ...
Oct 30, 2014 4:02:18 PM - www.ft.lk
Reuters: Fiat Chrysler Automobiles said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $ 2.5 billion convertible bond issue to help fund its ambitious business plan. The newly created FCA, which moved its primary share listing to New ...
Oct 30, 2014 4:01:25 PM - www.ft.lk
Orient Finance (OF) launched a web portal as an extension of its vehicle trade-in option creating a virtual market place for vehicle sellers and buyers. The website was launched by Vehicle Importers Association of Sri Lanka President Mahinda Sarathchandra. Orient Finance CEO Suresh Amerasekera, who was present at the occasion, explained that the creation of ...
Oct 30, 2014 4:00:33 PM - www.ft.lk
Prestige Automobile, the authorised dealer for MINI and BMW in Sri Lanka today held an open day for the public at the MINI showroom located at No 5, Castle Street, Colombo 8. The MINI Showroom Open Day took place from 25-26 October and will also take place from 1-2 November. The aim is to provide ...
Oct 30, 2014 3:58:17 PM - www.ft.lk
Reuters: The Indian unit of Honda Motor Co said on Monday it will recall 2,338 cars in India to carry out preventive replacement of the driver side air bag inflator. The announcement is part of Honda’s global recall due to a potential defect related to driver air bag inflators, the company said. honda Cars India ...
Oct 30, 2014 3:56:18 PM - www.ft.lk
Institute of Supply and Materials Management President Anil Ponweera became the recipient of the prestigious Hans Ovelgonne Award, presented by the International Federation of Purchasing and Supply Management for his outstanding contribution to the development of purchasing and supply management based on Research and Development studies and work. Each year the International Federation of Purchasin...
Oct 30, 2014 3:55:24 PM - www.ft.lk
The Annual General Meeting of the Sri Lanka Economic Association (SLEA) was held on 25 October at the Centre for Banking Studies of the Central Bank of Sri Lanka. The new Executive Council of SLEA for 2014/15 was elected unanimously at the AGM. Prof. A.D.V.de S. Indraratne was re-elected as President. C. Maliyadde, Dr. Locana ...
Oct 30, 2014 3:54:35 PM - www.ft.lk
In a competitive educational environment, IIHE opens its doors to new entrants to its University of Wales MBA program, thrice a year. But quite a few high caliber students still miss out on the opportunity to identify the best suited institute to follow higher studies at. Susceptible to all kinds of influences by marketers, it ...
Oct 30, 2014 3:53:34 PM - www.ft.lk
Fitch Ratings Lanka has downgraded Sri Lanka-based Asian Alliance Insurance Plc’s (AAIP) National Insurer Financial Strength Rating and National Long-Term Rating to ‘BBB(lka)’ from ‘BBB+(lka)’ and placed both ratings on Rating Watch Negative(RWN). The agency has also placed AAIP’s Insurer Financial Strength (IFS) Rating of ‘B’ on RWN. Key rating drivers The one-notch downgrade of ...
Oct 30, 2014 3:52:53 PM - www.ft.lk
Reuters: The rupee ended steady Thursday on higher remittances and offloading of dollars by exporters even as the Central Bank prevented the local currency from dipping below 131.00, dealers said. The spot currency ended the day at 130.85/90 per dollar, almost flat from Wednesday’s closing level of 130.80/131.00. It was largely untraded last week on ...
Oct 30, 2014 3:51:44 PM - www.ft.lk
NDB extended its reach within the Western Province with the opening of its 83rd branch in Katunayake, offering a wide range of financial services to residents and businessmen of the rapidly-growing economic hub. Katunayake is a region which exerts significant economic influence within the country as it is home to an international airport which connects ...
Oct 30, 2014 3:51:12 PM - www.ft.lk
Reuters: Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany’s finance minister said heralded the end of tax evasion via secret bank accounts. “Let’s make a joint contribution to more transparency and fairness in our globalised 21st century,” Wolfgang Schaeuble told a taxation conference ...
Oct 30, 2014 3:39:29 PM - www.ft.lk
Food and Agriculture Organization (FAO) is providing technical and financial to the Ministry of Livestock and Rural Community Development (MLRCD) to exploit productivity in dairy cattle in selected districts. The total project period will be two years starting from September 2014 and the   Department of Animal Production and Health (DAPH) will be implementing technological interventions ...
Oct 30, 2014 3:38:17 PM - www.ft.lk
Australian livestock exporter Wellard Group has secured two contracts worth almost $ 100 million from Sri Lanka to supply 22,500 dairy cattle to the Sri Lankan Department of Economic Development (SLDED). The contracts build on the recent and successful completion of a previous contract to supply 2,000 dairy heifers to SLDED, which also included the ...
Oct 30, 2014 3:36:54 PM - www.ft.lk
Church wants presidential poll put off The Catholic Church yesterday requested a postponement of presidential polls to at least end of January to avoid any kind of exploitation of the planned visit by Pope to Sri Lanka in mid January.
Oct 30, 2014 3:34:11 PM - www.ft.lk
Reuters: Apple Inc Chief Executive Tim Cook publicly came out as gay in an article he wrote in Bloomberg Businessweek, saying he wanted to support others who find it difficult to reveal their sexual orientation. “So let me be clear: I’m proud to be gay, and I consider being gay among the greatest gifts God ...
Oct 30, 2014 3:32:47 PM - www.ft.lk
The Rainforest Ecolodge, located in the precincts of the Sinharaja forest in Deniyaya, carried away another prestigious award by being declared the winner of the Skal International Sustainability Award in the Countryside category at the award ceremony held in Mexico a few days ago. This pilot initiative in ecotourism which showcases best practices was a ...
Oct 30, 2014 3:32:02 PM - www.ft.lk
Reuters: Prime Minister Narendra Modi has ordered bureaucrats to forgo the luxury of flying first class and start paying for their spouses’ air tickets as he tries to deliver on a promise to cut the fiscal deficit to a seven-year low. The ban on first-class travel, which could save $3,000 on a long-haul flight, is ...
Oct 30, 2014 3:30:37 PM - www.ft.lk
By Ruzaik Farook Investment Promotion Deputy Minister Faizer Mustapha early this week met with a three-member delegation from Qatar Holdings (QH), one of gas-rich Qatar’s main state investment funds, led by QH Head of Industrial and TMT Investments Mohammad Saif Al Suwaidi. At the meeting, which was held at the Investment Promotion Ministry and attended ...
Oct 30, 2014 3:29:38 PM - www.ft.lk
No hope for survivors in Koslanda landslide, hundreds feared dead or missing Survivors mourn in relief camps Relief operations slowed by narrow roads, unrelenting rain and fear of triggering more landslides More than 800 people displaced, people in nearby estates also moving to camps in fear Relief operations expand as numbers grow; India, US, UN ...
Oct 30, 2014 3:26:50 PM - www.ft.lk
The Central Bank yesterday said Sri Lanka’s ranking in the Doing Business Index has improved in both relative and absolute terms and explained how though the latest release of the global list by the World Bank-IFC showed otherwise. In a statement, the Central Bank said according to the latest Doing Business Ranking published by the ...
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