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By Cassandra Mascarenhas A groundbreaking initiative to encourage the commercialisation and adoption of nanotechnology across differing sectors, the National Science Foundation of Sri Lanka hosted the country’s inaugural nanotechnology conference last week. Aptly themed ‘Nanoscience and Nanotechnology in Sri Lanka: From Science to Commercialisation,’ the two- day conference featu...
Reuters: Asian shares edged down in choppy trade, while gold and oil rose on Monday, encouraged by a fresh report of a potential framework for the European Central Bank’s new bond buying scheme, as well as hopes of a strong easing from the Federal Reserve. Growing hopes for more accommodative monetary stance around the world ...
The Motivation Charitable Trust (MCT), UK through the Sri Lanka Foundation for the Rehabilitation of the Disabled (SLFRD andndash; Colombo) together with four partner organizations Jaffna Jaipur Centre for Disability Rehabilitation (JJCDR), Centre for Handicapped (CFH) Kandy, Navajeevana Tangalle and Organization for the Rehabilitation of the Handicapped (ORHAN) Vavuniya recognized over 80 Public ...
Foreigners most bullish with net buying up 20% or Rs. 5 b; Market’s value up by Rs. 48 b between 20 July and 24 Aug. Despite original reservations by some that President Mahinda Rajapaksa shouldn’t have met with capital market stakeholders, the Colombo stock market has proved otherwise, with the most bullish being foreign investors. ...
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external
The National Chamber of Exporters of Sri Lanka (NCE) launched the 20th Annual NCE Exports Awards with the invaluable support of its sponsors. The Annual Export Awards conducted by the NCE is a high profile and looked-forward-to event in the business calendar of Sri Lanka. The NCE, the only chamber exclusively serving Sri Lankan exporters, ...
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
Visa has taken its first steps towards entry into Myanmar (previously known as Burma) with a series of training workshops to prepare selected local banks for the introduction of electronic payments as the country continues its economic and social reforms. The workshops are aimed at upgrading the banking facilities to accept and issue international payment ...
COPENHAGEN (Reuters): The head of Maersk Line, the world’s biggest container shipping company and a unit of Danish group A.P. Moller-Maersk, told Lloyd’s List newspaper that container exports from Asia to Europe are likely to drop 3% this year. In its half-year report on Aug. 14, Maersk had said it expected a decline in inbound ...
Reuters: Tanzania has suspended the head of its ports authority and six other senior port officials over allegations of cargo theft and embezzlement of public funds, the transport ministry and local media said on Friday. The government is struggling to crack down on corruption in ministries and state institutions, with the public losing patience at ...
Emirates, one of the world’s fastest growing airlines, is to restart flights to Tripoli from 29 October 2012, illustrating Libya’s importance in Emirates’ global network and the airline’s commitment to the country. Under the new schedule, Emirates’ four-weekly flights to Tripoli will leave Dubai every Monday, Wednesday, Friday and Saturday at 0925hrs and arrive at ...
Effective 18 October 2012, India’s Jet Airways will launch a new Mumbai-Sharjah service, the airline’s sixth daily flight to the UAE from Mumbai, in addition to the resumption of its services to Kuwait and Bahrain from Kochi. Jet Airways’ new, daily return service Mumbai to Sharjah (9W 558/557) will be the sixth daily service between ...
Having infused technology awareness to the tune of US$ 120,000 (Rs. 15 million) to its crucial SMEs so far, Sri Lanka is moving to introduce automation to the sector – while also paying tribute to their contribution. “The need of the hour for our SMEs is technology transfer and the Ministry of Industry and Commerce ...
Reuters: Asian shares retreated from a two-week high on Friday as investors scaled back their expectations of strong stimulus from the US Federal Reserve and fretted about economic growth after manufacturing surveys from the euro zone and China depicted a bleak outlook. Senior Fed official James Bullard said US data had been somewhat better since ...
The Transparency International Sri Lanka (TISL) in a statement said yesterday that the resignation of Tilak Karunaratne as Chairman of the Securities and Exchange Commission (SEC) wasn’t a surprise and urged the Government to strengthen its resolve against the ‘stock market mafia.’ Following is the full text of the TISL statement: Mr. Tilak Karunaratne, who ...
The 21st Annual General Meeting of the Industrial Association of Sri Lanka (IASL) was held on 16 August 2012 at the Cinnamon Lakeside Colombo. The Industrial Association of Sri Lanka (IASL) is the Apex body under the aegis of The Ceylon Chamber of Commerce which represents industrial and manufacturing interests in Sri Lanka. The Association ...
Arrived at the Pearly Gates four months early. Better to play it safe as monumental traffic jams are prophesied for 21 December. Checking in was unexpectedly swift; my host at the stately abode better known as the Temple Trees was expecting me. An air of tranquillity and affability greeted me instead of a militarised, regimented ...
Reuters: Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures. President of the Indian National Congress Sonia Gandhi Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world ...
Indo-Lanka relations Indo-Lanka relations have been cordial ever since the two countries gained independence. The most notable act of magnanimity on the part of India was to cede the Island of Katchchathivu to Sri Lanka through an agreement between the two countries. Relations have intermittently been strained due to domestic ethnic issue having had a ...
Reuters: China’s factories contracted in August the most in nine months according to a survey showing falling export orders and rising inventories, signs that more policy action is probably needed to stop a slowdown in economic growth now in a seventh quarter. The HSBC Flash China manufacturing purchasing managers index (PMI) fell to 47.8 in ...
Why the Government should listen to the demands of university academics Sri Lanka is experiencing the dividends of peace at the moment. The Sri Lankan economy has expanded by a healthy growth rate of 7.9 per cent during the first quarter of this year, from the same period a year earlier
is a cornerstone of the Indian Ocean island’s economy and ...
Reuters: About one million Indian bank employees began a two-day strike on Wednesday to protest against reforms that could ease mergers rules and allow more private capital into the sector, hitting banking transactions and some market trading operations. The strike, involving mainly the staff of state-run banks that make up around 70% of the sector, ...
The Sri Lanka Institute of Marketing together with Bucks University will be presenting a sell-out evening meeting at the Galadari Hotel themed ‘Is the Party Over’? The event will feature the 2012 winners of the Association of Businesses and Chief Marketing officers (CMO) Congress in Singapore that brought honour to Sri Lanka in the fields ...
After a one and a half month foundation course in beauty culture, Seri Naturals (Pvt.) Limited today awarded 43 retiring women of Sri Lanka’s Army, Navy and Air Force with a certificate of completion and competence, thus empowering them with the necessary skills and knowledge to set up their own business in beauty care. The ...
Qatar Airways has announced an expansion of its USA route network with the introduction of daily passenger flights to Chicago from 10 April next year. The non-stop service from Doha, capital of the State of Qatar, will be the carrier’s fourth USA gateway, following already successful daily operations to New York (JFK), Washington (IAD) and ...
BERLIN, (Reuters): Germany’s cabinet agreed on Wednesday to push ahead quickly with the introduction of stricter capital requirements for banks under international Basel III rules, despite the misgivings of German banks about how they will be implemented across Europe. Finance Minister Wolfgang Schaeuble said in a statement that the rules were aimed at “toughening banks’ ...
With apologies to Francis Bacon whose quote is misquoted but not in essence of what he meant. Bacon’s comment that “reading maketh a full man, conference a ready man, and writing an exact man” is to be seriously looked at today in education and in practice where we appear to falter at every step of ...
Entrepreneurship plays a major role in Sri Lanka’s economic development. But entrepreneurs in Sri Lanka are facing greater challenge in the modern businesses environment under tough competition, rapidly changing new technologies and globalisation of products and services. India and China have contributed to the economic growth of the world by their Small and Medium Enterprises ...
Developed economies heading towards a recession The global economy started off the second half of 2012 with a whimper as the latest data confirm that growth is faltering across all regions. Europe is clearly in the midst of an intensifying contraction, US consumers and businesses are pulling