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South African High Commissioner for Sri Lanka Geoff Doidge hosted a cocktail function for the South African Cricket Team on Wednesday at the Cinnamon Grand, Colombo – Pix by Upul Abayasekara
With the T20 World Cup 2012 kicking off, the Hilton Colombo is ready to give all cricket lovers an ultimate T20 cricket experience from 27 September to 7 October at the Poolside from 3 p.m. to 10 p.m. Cricket fans can be a part of this spectacular game, together have a great time with loads ...
Running for the fifth year, the only show for Sri Lankan breed dogs, the Bouwwa Show presented by Blue Paw Trust and the Colombo Municipal Council is taking place this Sunday 30 September 2012 from 10 a.m. onwards at Town Hall Grounds, Colombo 7. There will be special dog shows, such as the Sri Lankan ...
With over 50 years of experience in creating mesmerising beauty, Lakmé since its inception has always celebrated beauty. Lakmé is dedicated to the contemporary woman’s exploration of the fine art of beauty by continuously innovating, offering range of high performance world class colour cosmetics, skincare products and state of the art beauty salons. Lakmé understands ...
With the rejection of the Cabinet decision proposed to resolve the problem of university academics, the issue seems to be dragging without a settlement. The lecturers’ main demands are a salary increase, increase in Government funding of the education system to 6% of GDP (Gross Domestic Product), end to political interference in education, and establishment ...
Sri Lanka has been able to attract US$ 452 million as foreign direct investments (FDIs) by the end of June this year, as opposed to US$ 413 million in the first six months of 2011, a government minister said.
Sri Lankan stocks ended slightly firmer yesterday as investors picked up banking and diversified shares while block deals pushed turnovers to an eight-month high, dealers said, while the rupee firmed as banks sold dollars.
World-famous Amanresorts Chairman Adrian Zecha has expressed his bullishness in post-war rebound in Sri Lanka’s tourism, which has encouraged him to explore fresh opportunities for expansion. “The post-conflict economic development process is visible everywhere in Sri Lanka. Our resorts in Sri Lanka were not economically viable during the pre-conflict period. But thanks to the peace, ....
What is tipped to be the biggest single largest sole foreign investor project the $ 460 million Krrish Square at Transworks House in Fort will start selling luxury condominium units from today, the Indian promoters disclosed last night. Launching to media and corporates separately, the Krrish Square on the four-acre land area is a mixed ...
Lipton Tea has reached another milestone in Sri Lanka with their latest range of flavoured tea being added to the product portfolio. The company launched three new black tea flavours which include – Earl Grey, Lemon and English Breakfast. Also the re-launch of new packaging and communication of the popular Lipton Clear Green variants – ...
As Sri Lanka’s exports under APTA grew more than three-fold by 2011’s end, the country is suddenly realising the importance of the promising sunrise FMCG segment in the 2.5 billion strong APTA markets led by APTA’s market giant, China. And in the aftermath of Pure Ceylon Tea international brand initiative, Sri Lanka is now beginning ...
Asian Development Bank (ADB) Vice President Xiaoyu Zhao has declared that Sri Lanka has big potential than any other country in Asia to become the most viable and attractive regional economic hub. “Strategic location, post conflict infrastructure development initiatives, peace and stability, high economic growth and able leadership are the main factors behind these potential,” ...
Reuters: Sri Lankan stocks ended slightly firmer on Wednesday as investors picked up banking and diversified shares while block deals pushed turnovers to an eight-month high, dealers said, while the rupee firmed as banks sold dollars. The Colombo Stock Exchange’s main index, or all share price index (ASPI), ended 0.29%, or 17.47 points, higher at ...
The sale of global giant Aviva’s Sri Lankan operations to Asian giant AIA had been signed yesterday in Colombo whilst a formal announcement is expected today as reported by the Daily FT on Tuesday. AIA is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums, and holds number one positions ...
The Commercial hub of the island, Colombo has recently drawn a great deal of positive attention from Standard Chartered. The bank’s regional teams, impressed with Sri Lanka’s recent economic progress and development in business, have recognised the city as an ideal venue to host global conferences. In the next few months the local branch office ...
Two nominees of Sri Lanka Insurance Corporation have resigned from the Board of eChannelling Plc. following the sellout of an original 25% stake in the company. The nominees were P. Kudabalage who was Chairman and Mohan De Alwis have resigned with effect from 28 September. SLIC as at 31 March 2012 held 25% stake in ...
By Marianne David The head of the country’s best five star city hotel this week made a fresh case for effective and aggressive marketing of Sri Lanka as a holiday destination to maximise benefits from unique advantages and peaceful times. “Sometimes you can be the best, but if nobody knows about it, you’re not going ...
The Consulate General of Sri Lanka Dubai M.M. Abdul Raheem visited Hamriyah Free Zone Authority this week and met with Director General Dr. Rashid Alleem to strengthen bilateral business association and investment promotion between the two countries. During his meeting Raheem highlighted the investment potential and business environment for Sri Lankan business community. Sri Lanka ...
Streaming TV on the mobile phone, receiving live cricket updates, surfing websites and downloading games and wallpaper has received a speed-boost in Sri Lanka, thanks to Dialog and Opera Software joining forces to create a co-branded Opera Mini browser for millions of Dialog subscribers. Opera Mini is one of the world’s most popular browsers used ...
‘It’s time to build skills for tomorrow’ was the theme of the evening at the Microsoft Education Solution Workshop co-hosted by Tech One Global and Microsoft held on 29 August at the Taj Samudra Hotel. The audience of the Microsoft Education Solution Workshop consisted of representatives from over 50 top education institutions in Sri Lanka ...
“I am extremely delighted by the enthusiastic participation of leading private sector organisations to support our inventors by way of active sponsorships given to the Sahasak Nimevum – the first ever National Exhibition for inventions and innovations,” says Minister of Research and Technology Pavithra Wanniarachchi. Sahasak Nimevum is organised by the Sri Lanka Inventors C...
India yesterday in a statement gave some reassurances over the nuclear power plant in its Southern state following series of news reports raising fears of the dangers to Sri Lanka arising from the commissioning of the Kudankulam Nuclear Power Plant in southern India. The statement issued by the Indian High Commission is as follows. It ...
Vice Admiral Somathilaka Dissanayaka who assumed duties as the 17th Commander of the Sri Lanka Navy on 15 January 2011, retired yesterday after 35 years of service. President Mahinda Rajapaksa and Commander-in-Chief of the Armed Forces, promoted the Commander of the Sri Lanka Navy Vice Admiral Somathilake Dissanayake to the rank of Admiral on 24 ...
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 ...
The Securities and Exchange Commission of Sri Lanka (SEC) conducts many financial literacy programs targeting school children aimed at enhancing their knowledge on the capital market. This year the SEC conducted a television quiz program with the participation of Sinhala medium Advanced Level Commerce students at a Provincial level. The finals of the television quiz ...
Diesel and Motor Engineering PLC (DIMO) recently organised the second Tata Nano Mileage Challenge Rally for Tata Nano owners in Colombo. The rally was flagged off from Colombo, with the objective of raising customer awareness and reassuring the position of Tata Nano as the most fuel efficient passenger car in Sri Lanka. Twenty five Tata ...
Nestlé Lanka PLC Managing Director Alois Hofbauer spoke on the symptoms of short-termism and its impact on corporate health, noting that mostly everyone knows and understands that a short term approach alone cannot sustain the successful operations of any company. Meeting short-term targets is critical for the survival of any company, but investing for the ...
By Marianne David Cinnamon Lakeside Colombo won two coveted awards at the fifth annual Sri Lanka Tourism Awards – the Best Five Star City Hotel Award and the Best Host Hotel Spa. Sri Lanka Tourism Awards 2011 awarded high performers across 11 categories and evaluated hotels in the industry based on their contribution towards tourism. ...
Reuters: Banks are getting round new rules intended to make a still vulnerable industry safer while countries are distracted by the continuing financial crisis, the International Monetary Fund said on Tuesday. The IMF’s latest Global Financial Stability Report said banks will adjust to new costs from tougher regulation to curb excessive risk taking, with deep-pocketed ...
HDFC Bank, a specialized housing Bank launched the online Banking portal recently enabling customers to have access to their accounts at any time. This ensures fast, easy and secure access to HDFC accounts. HDFC Bank was in the process of upgrading its services continuously for the past period considering the evolving needs of its customers ...