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Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...

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

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 ...

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

The best hotels, hotel architecture, interiors, construction and design across the entire Asia Pacific region were celebrated at The J W Marriott Hotel in Kuala Lumpur on 27 April. The leading companies behind these winning hotels and hospitality projects were invited to attend to receive the prestigious awards. The Asia Pacific Hotel Awards in association ...

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Reuters: With Manchester City’s dream dying in the embers of an exhilarating Premier League season Edin Dzeko and Sergio Aguero wrote themselves into club folklore with stoppage-time goals to seal a breath-taking 3-2 victory over Queen Park Rangers on Sunday and snatch their first title for 44 years. In a tension-wracked climax to one of ...

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CAMBRIDGE: Harvard University and the Massachusetts Institute of Technology will team up on a $60 million initiative to offer free online, college-level courses under a joint super brand known as edX, the universities said last week. The Harvard-MIT move – an altruistic giveaway, a potential research bonanza, and an audacious bet on the future of ...

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

By Cassandra Mascarenhas Sri Lanka’s first-ever digital ready and HD ready television station, Hiru FM, will be launched on 23 May at 6.02 a.m., Asia Broadcasting Corporation announced yesterday. It marks the organisation’s foray into Sri Lankan television under its flagship brand Hiru after enjoying much success in the radio industry. Hiru TV will be the ...

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

As a habit I unwind in the night by watching NDTV mainly due to the powerful ideas that it tells the world; especially the programmes like ‘The Buck Stops Here’ and ‘We The People’ are cutting edge, in my view. Last week there was a breaking news update that cricketing legend Sachin Tendulkar was accepting ...

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

Reuters: In fine fettle after a month-long rest, Roger Federer is ready to get his clay season underway and continue his bid to recapture the world number one ranking from Novak Djokovic. The 30-year-old Swiss maestro, who has not played since losing to Andy Roddick at the Sony Ericsson Open at the end of March, ...

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

Bartleet Finance Plc has announced the appointment of veteran financier S. Sirikannathan to its board as a Non Executive Director.  ‘Sri’ as he is affectionately known, counts over 40 years of audit experience and was the engagement partner in audits of star-class hotels, conglomerates, development organisations, multinational banks, finance companies and several listed companies....

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

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 ...

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

Fairfax NZ News: Lamborghini has unveiled the world’s most exclusive model, a one-off convertible that will go to a single lucky customer. The new car, a lightweight convertible version of the $750,000 Aventador supercar, has no windscreen, no roof, no air-conditioning and no car radio, as part of a radical plan to reduce weight. Lamborghini ...

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

By Cheranka Mendis With a membership of 107 top entrepreneurs of the country – among which close to 200 leading organisations is managed providing employment close to 250,000 people – the Chamber of Young Lankan Entrepreneurs (COYLE) is a unique and highly valuable organisation to the country. Taking the mantle of the Chamber from K.H. ...

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Port of Spain, March 5 (IANS) West Indies cricketer Runako Morton was killed in a car crash here Sunday night. The 33-year-old, one of the few cricketers to emerge from the island of Nevis, lost control of the car he was driving and hit a pole, according to reports. He died on the spot. Morton ...

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By C. Bryson Hull MALE (Reuters): It was an ordinary blue felt pen, and not a bullet, that killed Mohamed Nasheed’s term as the first democratically elected president of the Maldives. After rising to acclaim as a champion of democracy and action against climate change, Nasheed is now back on the streets where he led ...

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By Lakmal Sooriyagoda The Colombo Fort Magistrate’s Court ordered the news directors of four television channels that the video footage of the UNP led protest held in front of the Fort railway station be handed over to the Colombo Crime Division (CCD) in order to trace persons who behaved in an unruly manner. Filing a ...

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Safety and food hygiene of Colombo eating houses quite poor, says CMC’s Chief Medical Officer By Cheranka Mendis Even though Colombo has over 750 eating houses (from five-star hotels to roadside ‘bath kades’), only 290 obtained trade licenses last year, CMC Chief Medical Officer Dr. Pradeep Kariyawasam said. Speaking at the Indexpo food and management ...

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TradeArabia News Service: Bahrain’s four-star hotels have lost nearly BD30 million ($79.5 million) in the last year, as room bookings have plummeted by 50 per cent due to the unrest. A total of 27 hotels has lost around BD1 million each since violence erupted on the country’s roads on February 14, said Bahrain Four Star ...

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Stock market plunges further; Rs. 69 b in value wiped off One year loss of value is a staggering Rs. 766 b EPF and foreign buying saves Bourse after near 5% crash Rupee dips to all-time low of Rs. 120; likely to settle down though triggering panic in import trade Crisis could be an understatement ...

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

GEOFF Marsh still has not been given a reason as to why he was sacked as coach of Sri Lanka. After a hectic month in which his younger son Mitchell blitzed the Big Bash, elder son Shaun was dumped from the Australian one-day squad and he was sacked, the former Test selector and coach says ...

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Serena Williams says her sister Venus has been training every day and will be ready for the Fed Cup matches against Belarus – her first competitive tennis since she pulled out of the US Open because of an autoimmune disease. “She’s coming along awesome. She’s doing really well,” said Serena Williams, who played her older ...

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Reuters: More than 120,000 unwanted hotel room nights, ranging from five star luxury to budget accommodation, were released by London Olympic organisers on Sunday for resale to the public. Organisers LOCOG said they were fulfilling a pledge to return to hotels any surplus rooms in time for them to be sold on well ahead of ...

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Are the Indian Army’s golf courses illegal?                 Sri Lanka’s fourth golf course opened by Air Force   India’s national auditor, the Comptroller and Auditor General (CAG), has reported to Parliament that the country’s Army has turned large tracts of State military property into illegal privately-run ...

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

The Sri Lanka Press Institute (SLPI) in 2011 commissioned a study titled ‘An Assessment of Female Participation in Mainstream Media. It was the country’s first comprehensive study on the participation of females in media and as a follow up to this report, the SLPI is organising a panel discussion on ‘Increasing the Role of Women ...

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LONDON (Reuters): World heavyweight champion Vitali Klitchsko says he is preparing for next month’s title bout with Britain’s Dereck Chisora as if it were his last. Not that the 40-year-old Ukrainian expects it to be anything of the sort. Chisora, whose promoter Frank Warren could be accused of considerable understatement in describing the confident 28-year-old ...

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

The Range Rover Evoque, Land Rover’s sensational new SUV – a car that won 34 international awards in the three months after its first production model came off the line in September 2011 – has arrived in Sri Lanka. The smallest, lightest, most fuel-efficient Range Rover ever produced, the Evoque has been described as ‘one ...

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 Beckham will not join Ligue 1 leaders Family concerns will keep him in Los Angeles, says president DOHA (Reuters): David Beckham will not join Paris St Germain due to family reasons, the big-spending Ligue 1 soccer club’s president Nasser al-Khelaifi told Reuters in Qatar on Tuesday. “We didn’t reach an agreement – he’s a great ...

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

Singapore Airlines and Virgin Australia yesterday announced the first two milestones of their recently approved alliance: new international and domestic routes to Darwin and the launch of frequent flyer programme co-operation. As part of a joint plan to increase services to northern Australia, Singapore Airlines’ regional full service airline, SilkAir, will begin a four-times-weekly service ...

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Reuters: The former chief reporter on Britain’s News of the World tabloid on Monday defended a story alleging David Beckham had an affair because the footballer and his wife had projected a fairy-tale marriage to the public in order to sell products. Neville Thurlbeck said the rise of privacy lawsuits in Britain over the past ...

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Seylan Bank recently re-defined the concept of savings, in an initiative hitherto not seen in Sri Lanka’s banking and financial services industry, by literally ‘dropping’ Rs. 1 million from the skies and parallely supported by a door-to-door campaign. On Saturday 22 October helicopters hovered over different parts of Sri Lanka and dropped thousands of coupons ...

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Fortunaglobal (Pvt) Ltd. won this year’s e-Swabhimani award for the country’s best e-content applications in the m-Content category for its mobile application for the iPhone and Android. The prestigious e-Swabhimani awards presentation is organised annually by the apex Government body for ICT in Sri Lanka, the Information & Technology Agency (ICTA). Derana Macroentertainment Accoun...

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