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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 ...
Reuters: Andy Murray’s hopes for a maiden grand slam at the US Open may require him to beat world number one Roger Federer for a second time in five weeks after the duo were placed in the same half of the draw on Thursday. Top seed Federer beat Murray last month to win his seventh ...
Protecting the small depositor One reason for poor communities the world over responding to the service facility provided by Micro Finance Institutions (MFI) to take in the small amounts of savings the poor generate on a daily or weekly basis is the security offered by the cash being securely looked after at a remote ...
Reuters: Swimmer Michael Phelps won his 17th Olympic medal to take him closer to the all-time mark, but his U.S. freestyle relay team were upstaged by France as records fell in the pool on Sunday’s second day of competition at the London Games. South Africa’s Cameron Van der Burgh and American Dana Vollmer set world ...
Tie-up with East West Properties to see 200-room, 11-storey Weligama Marriott Resort and Space come up in mid 2014Marriott International has announced the signing of an agreement with Weligama Hotel Properties Ltd., a fully-owned subsidiary of East West Properties PLC, to open a hotel in Sri Lanka – the Weligama Marriott Resort & Spa in ...
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
By Cheranka Mendis Held for the 22nd consecutive year, Sri Lanka’s international gem and jewellery exhibition ‘Facets 2012’ is geared to make bigger waves in the market with 154 stalls being sold out already. Scheduled to be held from 5 to 8 September at the Sirimavo Bandaranaike Memorial Exhibition Centre at BMICH, the exhibition has ...
Fresh push to woo Chinese tourists and tap greater share of two-way traffic, including to Maldives Upgrade brings total flights to four cities in China including Hong Kong to 21 per week By Nisthar Cassim in Beijing, China In a fresh push to woo more Chinese tourists as well as cater to growing two-way traffic, ...
AFP: RUSSIA’S Maria Sharapova became the 10th woman in tennis history to win all four Grand Slam titles yesterday when she defeated Sara Errani of Italy 6-3, 6-2 in the French Open final. In what turned out to be largely one-sided contest, the second seed and new World No 1 led from the start, fixing ...
Reuters: Lloyd Blankfein, the chief executive of Goldman Sachs Group Inc, told jurors at the insider-trading trial of one of the investment bank’s former directors that “all parts” of a 2008 board meeting the two attended were confidential. “If something is discussed in a board meeting, it is confidential,” Blankfein said, when asked about a ...
Reuters: Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, US prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading trial of onetime corporate star Rajat Gupta. The 63-year-old Gupta is accused of providing now-imprisoned hedge fund manager Raj Rajaratnam with boardroom ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
News Butterfly, the unique TV programme from the US’ FOX news network, is now filming in Colombo for an exclusive segment on Sri Lanka’s new upswing. News Butterfly Market Place (NBMP) is described as a ‘unique women’s movement on TV’. According to NBMP, ‘the programme is a TV Channel venture for beautiful and talented women ...
Travel and tourism is set for a milestone year as the industry’s direct contribution to the global economy is expected to pass $2 trillion in GDP and 100 million jobs. According to research by the World Travel and Tourism Council (WTTC), the global travel and tourism industry will grow by 2.8% in 2012, marginally faster ...
Business travel to developing countries is on the rise as corporates capitalise on growing economies and new business opportunities in the emerging markets, according to global travel and expense management company FCm Travel Solutions. Global director of account management for FCm Travel Solutions Felicity Burke said multinational client travel volumes to developing markets within Asia, ...
Can clothes, fashion accessories and makeup make a country look democratic?Dictators have begun to dress up their autocratic regimes in the manner of democracies with all the mod cons that help to pass off a system of government, which is for all purposes a dictatorship, as a five-star democracy. This in the manner that a ...
The Daily FT spoke to the Immediate Past President of Sri Lanka Association of Inbound Tour Operators (SLAITO) and Chairman and Managing Director of Conniassance de Ceylan Ltd., on the state of post-war Sri Lanka tourism industry, the progress and key challenges as well as future prospects and how best they could be harnessed. Here ...
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
Some important issues for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over: Stiglitz believes that the austerity plans in the EU nations, especially by the debt ridden poorer nations of the group is akin to a collective suicide pact and is an act madness promoted and enforced by ...
Reuters: Russia’s golden girl Maria Sharapova spent only 64 minutes disposing of an American qualifier to reach the third round of the Australian before setting her mind on a life-long goal to win a medal for Russia at the Olympics. With three grand slams, 24 WTA titles and $16 million in prize-money, Florida resident Sharapova ...
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
We are still stuck in the winter of our discontent! By Jude Fernando Groundviews.org: “Nearly all children nowadays were horrible. What was worst of all was that by means of such organisations as the Spies they were systematically turned into ungovernable little savages, and yet this produced in them no tendency whatever to rebel against ...
Order increases Boeing’s 787 customer base in Middle EastBoeing and Oman Air, the Sultanate of Oman’s flagship carrier recently announced an order for six Boeing 787-8s at the Dubai Airshow. The airline completed an arrangement with Boeing and Kuwait-based leasing company ALAFCO to transfer existing orders for the six Dreamliners from ALAFCO to Oman Air. ...
ST PETERSBURG, Florida (AFP): Czech Republic tennis star Petra Kvitova’s astonishing year ended with her being voted by the press the WTA player of the year on Monday. The 21-year-old – also voted Most Improved Player – won six titles in all including Wimbledon, her first Grand Slam crown, and the end of season WTA ...
SUN FM presents Arash live in concert at the Excel World Open Air Arena on 9 December, keeping its promise of uplifting the quality of entertainment in Sri Lanka, and once again proving its prowess, by bringing down not just yet another star, but his entire seven-man band and his stunning female vocalist, Rebecca – ...
ISTANBUL (Reuters): Caroline Wozniacki will end the year ranked world number one although her hopes of applying icing to the cake by winning the WTA Championships suffered a blow when she lost to Russia’s Vera Zvonareva in her second round-robin match on Wednesday. The 21-year-old Dane was locked in combat with Zvonareva when news filtered ...
The Mlesna Tea Centre at Majestic City was re-launched with a sophisticated and stylish new look recently. The Tea Centre now carries a wider range of premium quality tea for the benefit of tea lovers and connoisseurs of Sri Lanka as well as for overseas visitors. The much sought after Mlesna Tea Centre at Majestic ...
The gem mining sub-sector grew by 7.9% in 2010. The gem and jewellery exports too reported 1.56% positive growth in 2010. Even in the first-half of 2011, increased earnings from mineral exports were led by higher exports of gems which increased by 35.5% in the first half of 2011, according to the Central Bank. The ...
By Marianne David Warm, welcoming and exuding good cheer, the Cinnamon Lakeside’s newest General Manager Denis Gruhier perfectly fits into the best qualities the hospitable hotel is well-known for and his affirmation of Sri Lanka’s optimistic post-war outlook for tourism in particular and the country in general is welcoming news indeed. Having joined the Lakeside ...
Best Western has opened its first hotel in Russia. The 970-room Best Western Vega Hotel & Convention Centre, in the country’s capital city of Moscow is the largest hotel in Best Western’s portfolio of more than 4,000 hotels worldwide. The Vega hotel was originally built in anticipation of the 1980 Olympics and remodelled in 2007. ...