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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 ...
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 ...
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 ...
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. ...
The academics are marching. The students are marching. The Muslims are marching. Every day hundreds images of throngs of people shouting slogans and demonstrating blare across television screens, newspapers and of course, the internet. SMS news alerts about road closures and barricades abound as popular discontent rises to the surface through trade union agitation and ...
Sri Lankan plantation industry veteran Dan Seevaratnam was awarded the Life Time Achievement Award at The Asia Pacific HRM Congress, one of the most prestigious Human Resource summits in the world held in Bangalore, India, last week.
Reuters: Riskier assets fell broadly on Monday, dragging down Asian shares, copper and oil but the dollar strengthened as investors shifted their focus to weak economic fundamentals while monitoring progress in the euro zone debt bailout scheme. The MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%, with a 1.5% drop in its materials ...
In strong signs of private sector expansion in the country, Sri Lankaandrsquo;s Company Registrar has garnered more than US$ 13.6 million (Rs 1.8 billion) in its Company Fund in on-going operations and plans to go high tech with the backing of its rich coffers.
General outlook: Light at the end of the tunnel? With US Federal Reserve’s decision to launch the third round of Quantative Easing (QE) through the purchase of mortgage backed bonds to the value of US$ 45 billion per month up to December 2012 combined with Germany’s Constitutional Court granting the green light for the country ...
Reuters: Formula One cars will continue to swerve around the skyscrapers of Singapore for the next five years after the government agreed on Saturday to help cover the S$150 millioncost of hosting the unique night race. There had been some doubt about the future of the event, the only night race on the calendar, as ...
Reuters: Lionel Messi proved that anything Cristiano Ronaldo can do he can do better when he struck twice for Barcelona to rescue a 3-2 comeback win for the favourites at home to Spartak Moscow in their Champions League Group G opener on Wednesday. Ronaldo, hoping to end Messi’s three-year run as World Player of the ...
By Amantha Perera JEJU, South Korea (IPS): As ravenous consumers of natural resources, companies are beginning to recognise that they owe a monetary debt to the planet, and are sharpening their pencils to calculate it. In 2004, when the International Union for Conservation of Nature (IUCN) held its four-yearly World Conservation Congress in Bangkok, Thailand, ...
John Keells Foundation (JKF) commemorated International Literacy Day falling on 8 September by donating hundreds of books to the libraries of schools supported by JKF under its Neighbourhood Schools Development Project as well as the Village Adoption Project.
SINGAPORE: Business sentiment among Asia’s top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia’s outlook, a Thomson Reuters/INSEAD survey showed. Concerns over global demand are hurting Asia’s export engines, with autos, technology and shipping sectors am...
It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
Sri Lanka and China inked 16 agreements yesterday in a move that will solidify already strong relations. Xinhua News reported that China’s National People’s Congress Standing Committee Chairman Wu Bangguo together with his 150-strong delegation singed the agreements when they met with President Mahinda Rajapaksa. However no details were given of what the agreements contained ...
I wonder if you can remember the famous World Cup Soccer final some years back where the fourth referee intervened after the great Zinedine Zidane head-butted Italian defender Marco Materazzi in the World Cup final. It would have perhaps gone unnoticed if not the TV referral. In my view, if this had gone unnoticed, it ...
Guardian Insurance Brokers have been appointed the exclusive agents to market the products of US Insurance Giant Aetna in Sri Lanka, filling a need for high quality specialized medical insurance cover.
World Duty Free Group (WDFG), the leading duty free operator at the Bandaranaike International Airport (BIA) along with the reputed beverage supplier, Brown Forman Worldwide, recently commenced another exciting mega promotion, andlsquo;Cricket Fever 2012andrsquo; on 1standnbsp;September to coincide with the ICC T20 Cricket World Cup which will be held in Sri Lanka this September and October.
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
At the recently held Sri Lanka Tourism Awards, The International Hotel School affiliated with the Mount Lavinia Hotel Group won the award for small scale enterprise in the discipline of tourism education and training efforts.
Sri Lanka-based IWMI (International Water Management Institute) was presented with the prestigious Stockholm Water Prize at the annual World Water Week held in Stockholm last month.
Continuing its growth momentum, Orient Finance PLC adds yet another milestone, with the opening of its doors to the acceptance of fixed deposits, subsequent to being licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No 42 of 2011 as a Finance Company.
The UNIDO focal point office in Colombo has successfully marshalled a US based top tier global fund for its pioneering bamboo initiative leading to large scale bio-mass alternative energy material growth in Sri Lanka.
Reuters: French Open winner Maria Sharapova will join US Open champions Serena Williams and Andy Murray in warming up for next year’s Australian Open at the Brisbane International, organisers said on Thursday. Afghanistan’s captain Nawroz Mangal signs on a bat after a captains’ news conference ahead of the World Twenty20 cricket series in Colombo on ...
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
Reuters: Asian shares steadied in choppy trade on Thursday ahead of the US Federal Reserve’s decision later in the day, as investors remained cautiously optimistic for further stimulus action to bolster the world’s largest economy. Commodities from oil to gold were also held in tight ranges as investors awaited the Fed decision expected to be ...
Reuters: Usain Bolt will not seek a wild card entry in the 100 metres at next year’s world championships, hoping instead to secure a spot via the Jamaican trials, the six-time Olympic gold medallist said on Tuesday. The triple world record holder said he would defer the wild card honour for the Moscow event ...
ESPNCricinfo: Mohammad Ashraful has pointed to Bangladesh’s intensive preparation across three continents as their biggest asset as they head into the ICC World Twenty20. They have played a quarter of all their Twenty20 internationals this year, as well as two competitions where they played unofficial matches, all targeted towards a proper build-up to the event, ...