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Published on Feb 1, 2023 2:26:10 PM by Trader's Life
BRUSSELS (Reuters): Euro zone economic sentiment defied expectations of stabilisation and again fell sharply in September, underlining the economic gloom brought on by the sovereign debt crisis as the euro zone sinks into a recession. The European Commission’s monthly economic sentiment survey showed the index for the 17 countries sharing the euro falling to 85 ...
When you go to a cricket match in Pallekele, it’s as much about the game as it is about the atmosphereBy Anand Vasu in Pallekele The greatest challenge you’re likely to face when going to the Pallekele International Cricket Stadium is the winding road that snakes around the lake in central Kandy. If you get ...
Producer Prices in Sri Lanka increased to 220.21 in February of 2011 from 216.55 in January of 2011, according to a report released by the International Financial Statistics (imf). Historically, from 1976 until 2011, Sri Lanka Producer Prices averaged 55.73 reaching an all time high of 220.21 in February of 2011 and a record low of 4.86 in January of 1976. This page includes a chart with historica...
The Government plans to set up a new Export Processing Zone (EPZ) in the Hambantota District of the deep south at a cost of Rs. 2.2 billion. The Cabinet of Ministers has approved the proposal put forward by the Minister of Economic Development Basil Rajapaksa to set up the new EPZ at Mirijjawila in close ...
Reuters: The Central Bank lowered its 2012 economic growth estimate to 6.8% from an earlier 7.2%, blaming the drought for the second downward revision this year, Governor Ajith Nivard Cabraal said on Thursday. “Right now our view is there will be reduction in growth from the earlier estimated 7.2%. Drought has been a factor and ...
US Ambassador Michele J. Sison joined over seven hundred school children and local communities in Nedunkerny, Vavuniya last week to celebrate International Day of Peace. Youth across Sri Lanka from all different ethnic backgrounds spent months preparing for this day by participating in awareness workshops, camps, cultural programs and sports competitions that explored and discussed ...
Diesel & Motor Engineering PLC (DIMO) recently organised a seminar and workshop on ‘Lighting the Future’ at The Sands, Kalutara. Top architects, consultants and key opinion leaders in the building and project business were invited for this event, along with their families. The invited guests and their families checked in on Friday at the hotel. ...
3M Sri Lanka, in collaboration with 3M India hosted a three day Key Opinion Leader (KOL) healthcare session recently under the themes of ‘Developments in Infection prevention and sterilisation in hospitals’, re-enforcing 3M’s commitment to bring in global knowledge and best practices through international industry experts, with the aim of reducing the burden of hospital ...
ANC Education has commenced the first LLM student intake with a full batch in September 2012. Two prominent academics Dr Philipp Elliot-Wright, Course Leader for LLM Programs and Dr Yaraslau Kryvoi, Senior Lecturer, School of Law from the University of West London arrived in Sri Lanka to attend the inaugural lectures conducted at ANC Education. UWL ...
Watching the World T20 matches on TV – currently being played in Sri Lanka, I noticed a Tourist Board commercial on the theme ‘Refreshingly Sri Lanka – Wonder of Asia.’ Immediately I recalled last year’s stamp released to mark World Tourism Day. Sri Lanka issued ten stamps with an attractive souvenir sheet carrying all the ...
The Ceylon School for the Deaf and Blind is an approved charity, with three schools under its purview, two at Ratmalana and one at Kaithady, Jaffna. The total student population in the three schools is in excess of 600 and being Government assisted schools, the state provides limited funds. While the total annual recurrent expenditure ...
A Sri Lankan born in California, Ras Ceylon speaks on how rasta and Sri Lanka has influenced his music By Rashika Fazali “For me, music is the universal language. It is the vehicle of expression,” said rastafarian rapper and lyricist Ras Ceylon. I first heard him when he performed at Alternative Sunday Round ...
Reuters: Heineken NV won full control of the maker of Tiger beer on Friday after shareholders of its Asian partner, Fraser and Neave Ltd (F&N), voted in favour of selling the conglomerate’s stake in the brewer for $6.3 billion. The vote ends a two-month battle between Heineken and companies linked to Thai billionaire Charoen Sirivadhanabhakdi ...
Reuters: Chelsea captain John Terry has been under the spotlight all week and there will be no change when the Premier League leaders play Arsenal on Saturday, the European champions’ first big game of the season according to team mate Branislav Ivanovic. Terry shocked English football on Sunday when he retired from international football ahead ...
Rain-hit game goes host’s way as West Indies fails to chase down 48 runs in eight overs (strap) In what was seen as the first major upset of the tournament, an inspired Sri Lanka overcame West Indies challenge by five runs, courtesy the Duckworth/Lewis method, to register its first win of the ICC Women’s World ...
Reuters: China severely underestimated this year’s global economic slowdown and further cuts to Chinese interest rates or bank reserve requirements hinge on any new deterioration in the external environment, a central bank adviser said on Thursday. Chen Yulu, a professor at China’s Renmin University and an academic adviser to the monetary policy committee of the ...
Simon Taufel’s retirement as an active umpire at the end of the ongoing ICC World Twenty20 will mean that the most decorated member of the ICC’s Elite Panel of Umpires will not be around to oversee big games anymore. Taufel has been among the few officials who have been regarded with respect across the board, ...
Countries have achieved sustained growth and development by adopting a range of approaches. Successful outcomes have come from policies varying from state capitalism to those based on market-driven private sector-oriented models. A high premium needs to be attached to the pursuit of pragmatic policies that are appropriate for country-specific conditions at a given point in ...
For the past 23 years the Rotary Club of Colombo Fort has been involved in many humanitarian service programmes for the benefit of the community at large. The most notable being a Tsunami related Housing project in Amabalangoda costing Rs. 70 million, funded by the Rotary Club of Bendigo-Sandhurst, Australia, with architectural, design services, logistics ...
PALLEKELE, Sri Lanka, (Reuters): West Indies have not tasted much international success in the last decade but captain Darren Sammy believes he has succeeded in creating the kind of dressing room atmosphere that can help them end the title drought in Sri Lanka. The erstwhile giants of the game, who won the first two 50-over ...
The Asian Development Bank (ADB) is lending $ 130 million to help Sri Lanka expand the reach and quality of its electricity supply, with a focus on former conflict areas in the north and east of the country. It will also improve transmission and distribution network efficiency and develop renewable energy in other parts of ...
Confirming that sound investment strategies could pay off handsomely NDB Group yesterday announced it will receive $ 59 million (around Rs. 7.7 billion at current exchange rate) from its deal with AIA. “The net receipts of US$ 59 m, arising out of these transactions, give an opportunity for the NDB Group to further strengthen the ...
The International Monetary Fund delegation headed by Dr. John Nelmes met Economic Development Minister Basil Rajapaksa, Senior Adviser to the President and Minister on Wednesday. Koshy Mathai, International Monetary fund (IMF) Resident Representative for Sri Lanka, Volodymyr Tulin and Jiri Jonas also participated in this discussion – Pic by Chaminda Hittatiya
By Cheranka Mendis With the surge of tourism taking place in the country, particularly in the hotel sector, the industry must now focus on sustainable energy consumption not only for the environmental impact but also for reduced operational cost. Pursuing the ambitious target set by the Government of 2.5 million by 2015, some 90 new ...
A fusion of glamour and festivities awaits guests at the annual gala dinner organised by the Sri Lanka India Society to celebrate India’s Independence Day. The celebratory dinner will be held today from 6. 45p.m. at Taj Samudra. The Chief Guest at the dinner will be High Commissioner of India to Sri Lanka Ashok K. ...
Govt. gives 37%-82% salary hike, says 4.5% of GDP already given to education, charges issues politicised but promises to continue discussions By Uditha Jayasinghe After nearly three months of unrelenting trade union action, the Government yesterday extended the strongest olive branch yet to university teachers by increasing their salaries by as much as ...
The Ambassador for the Republic of Iraq Kahtan Taha Khalaf called on EDB Chairman Janaka Ratnayake, last Friday to discuss arrangements regarding Sri Lanka’s participation at the 39th Baghdad International Trade Fair scheduled to be held from 1 to 10 November. Iraq is currently dependent on Turkey and Syria for 50% of its imports and ...
Sri Lankan team ‘WhiteHat’, having survived stiff competition from regional giants from the Asia Pacific region, entered the Global CyberLympics world finals to be held in Miami, Florida in October. The Global CyberLympics is a not-for-profit initiative of the EC-Council Foundation supported by the Geneva-based International Telecommunications Union (ITU). Its goal is to raise awarenes...
‘SLT Intelligent Solutions’ connects the T20 to the world Sri Lanka Telecom, the nation’s number one integrated communications service provider and the leading backbone infrastructure services provider, is proud to empower the ICC World Twenty20 Championship 2012 through ‘SLT Intelligent Solutions’, providing dedicated internet through Ethernet connectivi...