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I must have been a famous person in Africa in my previous life. If you believe the world will end on 21 December, you’d believe that, too! If not, you will, after this! This week, I received my 43rd e-mail since the advent of the internet, all from Africa, all well-heeled women, proclaiming my divinely-guided ...
The Mahindra Sri Lanka Premier League is set to bring life to the city of Kandy, with the Pallekele leg of the matches beginning on Friday 17 August, with the encounter between Wayamba and Uva kicking off the proceedings. Somerset Entertainment Ventures Chairman Sandiip Bhammer said, “We are excited about the eight matches set to ...
Reuters: Asian shares inched higher on Thursday but gains were limited as investors waited for more clues over the timing and extent of any further stimulus to tackle the euro zone’s debt crisis and support global growth. Strong U.S. industry output report on Wednesday, which followed similarly solid retail sales and employment data for July ...
For better economic development in Sri Lanka After the war we are experiencing the dividends of peace. Sri Lanka economy grew by 8.3 per cent in the year 2011, following an eight per cent growth in 2010. But this year it has forecast economic growth may be as slow as 6.75 per cent due to ...
By Nisthar Cassim UNP MP Dr. Harsha de Silva yesterday declared that the fiasco at the capital markets regulator leading to the impending resignation of its Chief was a clear “failure of the Government”. “In the next few days the Government’s failure will be known,” Dr. de Silva remarked, linking it to the pre-announced yet ...
Travellers can now enjoy surprising value with Cathay Pacific Airways’ Getaway Surprise to the vibrant cities of Melbourne, Sydney and Perth in Australia. Explore the wonders of the Australian outback, experience the diverse cultures and outdoor lifestyle, and savour a multitude of tantalising cuisines offered by a melting pot of cultures in this delightful land. ...
Both governments to double bilateral trade to USD 10 billion by 2015 The High Commission of India and the Indian expatriate community in Sri Lanka celebrated the 66th Independence Day of India yesterday at the India House in Colombo. Indian High Commissioner Ashok K. Kantha hoisted the Indian national flag, which was followed by ...
Singapore Airlines has appointed two world-renowned design firms – BMW Group subsidiary DesignworksUSA, and UK and Singapore-based James Park Associates (JPA) – to help develop the next generation of in-flight cabin products that will be introduced from the second half of next year. The appointment of the international design consultants is in line with SIA’s ...
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
Reuters: Tourist arrivals in July rose 7.8% from a year earlier, Government data showed on Tuesday. The number of visitors has risen year-on-year in the past 39 months since a 25-year civil war ended in May 2009. The Tourism Board expects over one million tourists in 2012, yielding revenue of more than $ 1 billion, ...
LONDON (Reuters): Oil prices edged up on Tuesday to trade close to $114 a barrel after weak European economic data proved to be slightly less gloomy than anticipated and ahead of a US report expected to show a drop in oil stockpiles. The euro zone’s debt-ravaged economy shrank
NEW DELHI, (Reuters): India’s wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the central bank to cut interest rates at its September meeting to try to revive the struggling economy. Inflation dropped to 6.87
Reuters: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency bloc contracted by 0.2% on the quarter, data showed on Tuesday. Germany eked
Following is the copy of letter written by public interest activist Nihal Sri Ameresekere to Secretary to President Lalith Weeratunga on the Securities and Exchange Commission (SEC) based on some of the reported discussions during the President’s meeting capital market stakeholders in late July at Temple Trees. 10th August 2012 Mr. Lalith Weeratunga &...
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
Emirates is offering its passengers star-class accommodation in Dubai from just US$40 per person per night, valid over a whopping 12 months – from November 2012 to October 2013. Available to all Emirates passengers regardless of class of travel, the amazing Emirates Dubai Stopovers promotional offer encompasses a series of exceptional value-added packages for the ...
The NDB Group has delivered yet another strong performance for the first half year of 2012 recording a commendable profit after tax of Rs. 1,362 million to its shareholders, which is an increase of 36 per cent compared to the previous year. Chairman of the Bank Hemaka Amarasuriya stated: “The impressive results are attributable to ...
Sri Lanka Telecom (SLT), the pioneer telecommunication services provider, has in the first half of 2012 posted a Rs. 3.36 billion group operating profit, a growth of 15% Year-on-Year (YoY). Group revenue has increased to Rs. 27.50 billion, an increase of 11% YoY. Depreciation of the Sri Lankan Rupee continued to have a significant adverse ...
Reuters: Ford Motor Co said recently its 2013 C-Max Hybrid crossover surpassed Toyota Motor Corp’s Prius V on fuel economy, with EPA ratings of 47 miles per gallon in the city and on the highway. The Prius V is rated by the US Environmental Protection Agency at 44 mpg in city driving and 40
Diesel and Motor Engineering PLC (DIMO) recently introduced the first Komatsu PC130-8 excavator to the local market. The first excavator was delivered to Rodrigo Electricals – Wattala Director Randeer Rodrigo by DIMO General Manager – Construction and Mining Machinery Chaminda Ranawana at the DIMO construction machinery service complex at Siyambalape. Speaking at the handing over ...
The ‘Yes-Man’ Parasite, a.k.a. HMV The dictionary definition of a ‘pun’: ‘the clever or humorous use of a word that has more than one meaning, or words that have different meanings but sound the same’. The second word of the headline of today’s column is not exactly a pun, but somewhat akin to one, as ...
If any of you are sports enthusiasts, I am sure the most difficult working week would have been the last one. Watching the Olympics past midnight as, most of the blue ribbon events are in the evening UK time and then being at the office by 8:30 makes life tough. To me, the Olympics was ...
Reuters: Japan’s economy expanded just 0.3 percent in April-June, half the pace expected, fuelling concerns growth will continue to flag as a rebound in consumer spending starts to lose momentum and Europe’s debt crisis weighs on global demand. The data provides further evidence
Says foreign investors remain net buyers reaping benefits under prevailing valuationsAsia Wealth Management believes attractive valuations coupled with policy changes could stabilise the year to date 20% negative Colombo stock market as foreigners seize opportunities. It said activities in the market last week were led by foreign investors while local institutional investors stayed sidelined...
South Africa will extend its fullest cooperation for Sri Lanka’s reconciliation process and its drive for economic development according to Deputy Minister of International Relation and Cooperation Republic of South Africa Ebrahim Ebrahim when he met Senior Adviser to the President and Minister of Economic Development Basil Rajapaksa at the Ministry of Economic Development on ...
Aitken Spence managed Elpitiya Plantations PLC, which comprise of 16 estates of tea, rubber and palm oil and spread across three regions of Sri Lanka was awarded the prestigious ‘National Plantation Award 2012 for Generating Hydro Power of RCP sector’ by President Mahinda Rajapaksa at the National Plantation Awards 2012, held recently. The award ceremony ...
A blazing opening stand between Tamim Iqbal and Kamran Akmal made a chase of 180 seem a cakewalk, as Wayamba United crushed Uthura Rudras by nine wickets, with four balls to spare at the R Premadasa Stadium in Colombo yesterday. Tamim savaged an unbeaten 93 from 61 deliveries, while Kamran made 79 from 55. The ...
Management research is a part of the wider array of research. Whilst positive initiatives are being taken, current situation with respect to research in Sri Lanka is far from a satisfactory level. Today’s column will focus on management research in identifying seven myths associated. At a time where there is a growing awareness on management, ...
DHL Global Forwarding has announced the launch of additional direct less than container load (LCL) service from Shanghai to Dubai, making it the second direct LCL service to connect China and the UAE. This new trade lane also extends to some other major cities in the Middle East such as Doha and Kuwait City. Dubai-based ...