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By D. C. Ranatunga Each time we visit the Peradeniya Botanic Gardens, we always look for flowers.  I remember whenever we went we used to make a bee-line to the Orchid House where the blooms were a treat. And they still are. We hardly took an interest in studying or admiring trees.  True, we saw ...

- www.ft.lk - Category : Business - Relavancy : 1.0

Reuters: Iran’s President said on Wednesday his country was under constant threat of military action from “uncivilised Zionists” and called for a new world order not dominated by Western powers in the service of “the devil.” In his eighth and likely final address to the U.N. General Assembly’s annual gathering of world leaders, Mahmoud Ahmadinejad ...

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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. ...

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Three companies in the Industrial Fibre sector of the Hayleys Group were honoured for their contributions to Sri Lanka’s exports in 2011 at the 20th NCE Export Awards presented by the National Chamber of Exporters. Toyo Cushion Lanka (Pvt.) Ltd. won the Gold Trophy, medal and certificate in the ‘Agriculture value added – Medium Sector’ ...

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The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...

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Xinhua: Sri Lanka’s topmost Tamil minority minister in the northern town of Jaffna on is  confident that the government will be able to finalise a political solution for the Tamils. The minister of Traditional Industries and Small Enterprise Development, Douglas Devananda, told Xinhua in an interview that the solution should be based on 13 Amendment ...

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A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...

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Reuters: Maria Sharapova pushed the envelope on ‘winning ugly’ as she squeaked past British qualifier Heather Watson 6-7 6-3 6-4 to reach the last 16 of the Pan Pacific Open on Tuesday. The French Open champion’s performance bordered on the farcical at times, carelessly frittering away three set points to surrender the initiative before pulling ...

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Reuters: Former world number one Caroline Wozniacki squeezed through to the second round of the Pan Pacific Open, just one day after ending a 13-month title drought in South Korea. The Dane made hard work of beating Serb qualifier Bojana Jovanovski 6-0 3-6 6-4 in a match halted for an hour in the third set ...

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The Sri Lankan Government is making serious efforts in rehabilitation of former Tamil Tiger combatants, their reintegration into society and reconciliation with the minority, a high ranking Russian Government official said. Konstantin Dolgov, Russian Foreign Ministry Commissioner for Human Rights, Democracy and the Rule of Law, and Ambassador-at-Large, said the situation in terms of human ...

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The first CFW Resortwear show will feature a total of 12 important designers showcasing their Resortwear 2013 collections. The focus for the first show is the South and South East Asian region hence the designers are from Malaysia, India, Pakistan, Sri Lanka and Bangladesh. The show which is themed as a Resortwear weekend on the ...

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There was a time when cricket was a game only Commonwealth nations derived pleasure from. Those days are long gone. Scour through its recent history, and you’ll find pages dedicated to the likes of Ireland and Afghanistan. It doesn’t stop there. Scotland, The Netherlands, Hong Kong and the United States were among the ten nations ...

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Reuters: Spain stretched their winning run in tournament qualifiers to 23 as they began the journey to the 2014 World Cup with a 1-0 victory in Georgia on Tuesday but along with Germany and Italy they struggled to take the points. The world and European champions, who last failed to win a qualifying match five ...

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Reuters: Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme. The term, coined in 2001 by Goldman Sachs banker Jim O’Neill, provided a catchy acronym to unite the four biggest emerging economies, two of which ...

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Virtusa Corporation, a global IT services company that offers a broad range of information technology services, including IT consulting, technology implementation and application outsourcing, announced that it has been recognised as a key R&D service provider for 2012, in the category of Independent Software Vendors (ISV) – Enterprise Software by Zinnov, a leading Globalisation and ...

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Reuters: Intel Corp cut its third-quarter revenue estimate more than expected on Friday due to a decline in demand for its chips as customers reduce inventories and businesses buy fewer personal computers. Intel also said it was scaling back capital spending as a result of the business slowdown. A revision of Intel targets had been ...

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The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...

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By Ranga Sirilal Reuters: Cairn India will start a second round of drilling and surveys as part of its Sri Lankan oil exploration program in the first quarter of 2013, before deciding on its commercial viability by mid-year, a company official said on Friday. The Indian firm has concluded its first oil exploration phase in ...

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Reuters: Other nations are increasingly employing cyber attacks without “any sense of restraint,” a top US cyber security official said on Friday, citing “reckless” behaviors that neither the United States nor the Soviet Union would have dared at the height of Cold War tensions. Debora Plunkett, of the secretive National Security Agency, whose responsibilities include ...

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2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...

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FRANKFURT (Reuters): Truck sales by industry leader Daimler were up 23% in the first seven months of the year, thanks to strong demand in Asia and North America for its Freightliner and Fuso vehicles, a top executive said on Friday. “As a global truck manufacturer we are less affected by a shrinking European market than ...

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Reuters: Asia-Pacific nations including China, the United States and Russia will promise measures to boost growth on Sunday and reject limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim were expected to end a two-day summit on an island off the Russian port city of Vladivostok by ...

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REUTERS: Portugal captain Cristiano Ronaldo scored and celebrated as his side recovered from an early scare in Luxembourg to start their World Cup Group F qualifying campaign with a 2-1 win on Friday. A fifth of Luxembourg’s population is Portuguese and many turned up in the 8,000-strong crowd at the compact Josy Barthel stadium but ...

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Reuters: Ukraine’s Vitaly Klitschko retained his WBC world heavyweight title on Saturday when the referee stopped the contest against Manuel Charr in the fourth round after the German sustained a deep cut above his right eye. The 41-year-old Klitschko controlled the fight in the first three rounds, keeping his previously undefeated opponent at bay with ...

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Reuters: President Barack Obama asked Americans on Thursday for patience in rebuilding the weak economy as he appealed for a new term in office and defiantly rejected Republican Mitt Romney’s proposals for growth as heartless. Accepting the presidential nomination at the Democratic National Convention, Obama gave a more down-to-earth follow-up to his 2008 “hope and ...

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Reuters: Novak Djokovic survived a brutal test from former champion Juan Martin del Potro to storm into the semi-finals of the US Open on Thursday and stay on course to defend his title. The Serbian was at his brilliant best, producing 43 breathtaking winners and scrambling around the Arthur Ashe Stadium center court like a ...

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By Shanuka Tissera SREI Infrastructure Finance Ltd (India) announced their launch in Sri Lanka through a partnership with Arinma Holdings Pvt Ltd. SREI has helped over 30,000 entrepreneurs over its 23 years in operation offering a range of services in the infrastructure sector: Infrastructure project finance, advisory and development infrastructure equipment finance, venture capital and ...

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As opposed to a 10-place jump in the previous year, Sri Lanka has suffered a 16-place relegation in the latest Global Competitiveness Rankings list released by the influential World Economic Forum (WEF) yesterday. Sri Lanka’s rank of 68th place out of 144 countries surveyed from 52nd place in the previous year was despite the overall ...

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