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Coir related industries such as manufacture of broomstick, coir mats, and strings has been a traditional income earner for many households along the famed andlsquo;coconut beltandrsquo; of Sri Lanka from time immemorial.
In view of the current IFRS implementation which is in effect from 1 January 2012, CA Sri Lanka together with FinArch organized a seminar for banks and financial institutions aimed at addressing practical implications faced in the Standards convergence process. The event was facilitated by andrsquo;Providenceandrsquo;, the local partner of FinArch.
CIMA Sri Lanka in its endeavor to promote continued professional development amongst its members and the corporates announces a workshop titled andlsquo;The Relevant Executiveandrsquo;.
Former Ceylon Chamber of Commerce head and top Sri Lankan business leader, has called on Parliamentandrsquo;s Committee on Public Enterprises (COPE) to take effective action and empower the countryandrsquo;s capital market watchdog andmdash; Securities and Exchange Commission of Sri Lanka.
Reuters: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency bloc contracted by 0.2% on the quarter, data showed on Tuesday. Germany eked out growth of 0.3%, marginally beating forecasts, but its forward-looking ZEW ...
Following is the text of the letter written by good governance activist Chandra Jayaratne to Chairman of the Committee on Public Enterprises (COPE) D.E.W. Gunasekera with regard to the Securities and Exchange Commission and capital markets. 14th August 2012. Hon. D.E.W. Gunasekera M.P. Chairman, COPE, Parliamentary Complex, Sri Jayawardhanapura, Kotte. Dear Sir, The priority ...
The online visa approval system introduced at the beginning of this year has brought in record revenue to the government to the tune of billions of rupees, the government has said. In the first seven months of the year the government has earned over Rs. 1.2 billion through the on line visa approval system, the ...
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
Reuters: Americans are increasingly pessimistic about the future but voters do not seem to be holding it against Democratic President Barack Obama, who slightly expanded his lead over Republican rival Mitt Romney this month, a new Reuters/Ipsos poll says. Three months before the November 6 presidential election, nearly two-thirds of Americans think the country is ...
For the first time in Sri Lankan schools' history, Isipathana College online information centre opens a new page in our website to publish news from other schools. We hope to work together as a team and we believe it will help to build up the companionship and togetherness among our brothers and sisters all around the island. As an innovative and highly visited school website, ICOICs' mission of t...
UNP MP Karu Jayasuriya yesterday exposed various ills of the Government, its ulterior motives in going for Provincial Council elections as well the failure to restore law and order in the country. “The attempt of the Government has come to light, to win the forthcoming Provincial Council Election by whatever means and to show that ...
The Hirdaramani Group recently held a Leadership Forum for its future leaders, bringing together a distinguished panel of successful businessmen from multiple disciplines. The event enabled a highly interactive forum in which the panel talked about their experiences including what it takes to be a leader, starting out, making tough calls and answered questions from ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
Reuters: Indian Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates. In his first comments since becoming finance minister on July 31, Chidambaram said it was important to ...
Corruption, scandals, deceit; the corporate world has been marred by such occurrences in recent times. Ethics and finance have been at the centre of many scandals and Sri Lanka especially has seen the fall of companies which failed to operate in line with the ethical codes that govern it. Two of the world’s most prestigious ...
BEIJING, (Reuters): Sri Lanka released 37 Chinese fishermen detained by its navy, China’s Xinhua state news agency reported on Monday, putting a quick end to what could have been a test of the increasingly close ties between Beijing and Colombo. Sri Lanka’s navy arrested the fishermen on Sunday night for fishing in Sri Lankan waters. ...
Cantaloupe Aqua, a private hotel and beach club, was recently featured in the UK’s Sunday Times Travel Magazine as one of the top 50 ‘Unbelievable Hotels Under £100’. Named among some of the top hotels around the world, Cantaloupe Aqua was the only Sri Lankan hotel to make it into the top 50. The Sunday ...
Family members of six Sri Lankan sailors who are still being held hostage aboard the MV Albedo launched a nationwide appeal on Monday in a bid to raise enough money to free their loved ones as the Government has made no attempt to assist them. The sailors are among 15 crew still being held captive ...
Whilst tracking the key moments of the London Olympics, I realised how reliant I was on the text updates that beeped on my Blackberry and then when time permits go to YouTube or the official websites to experience this key happening as it unfolds to the world. But, then I realised that my friends had ...
India is committed to award special preferential treatment for Sri Lanka andlsquo;without seeking any reciprocity in returnandrsquo; and is also andlsquo;very keenandrsquo; to enter Lankaandrsquo;s ports, airport and energy-related infrastructure projects.
A Joint Task Force (JTF) /committee for economic promotion announced by India in Colombo on 03 August has been further expanded -within a mere 24 hours of its initial announcement.
Sri Lanka's leading private banking house- Hatton National Bank continued to record strong results in H1 2012, driven by growth in core banking operations, amidst increasing interest rates and restrained credit growth.
Reuters: Asian shares and the euro fell on Friday as investors shunned risk after the European Central Bank took no immediate action and only hinted at future steps to tackle the euro zone’s fiscal woes, following similar inaction from the U.S. Federal Reserve. Investors also have reasons to be more cautious ahead of a key ...
“Did you really have to tell the whole world you were in a bad mood?” Kuraishini Navaratne, a friend, e-mailed from Turkey. “It’s the Olympics, man, cheer up!” she admonished. Can the Olympics cheer me up? Tuned into the games to find out. Watching Queenie jump off a helicopter was too much to handle but ...
Presently Sri Lankan software has been exported to regions such as North America, EU, Australasia and East Asia. With the recent global financial slow down, most of the matured software markets are not as vibrant as earlier for the software products and services. Considering this fact, EDB has identified developing regions of the world as ...
Reuters: British tourism chiefs hope the Olympics and a global advertising campaign will entice more overseas visitors by 2015 and more than compensate for any short-term losses as the country tries to dig out from a double-dip recession. Tourism Minister John Penrose said the 2012 Olympics had given Britain the chance to re-establish itself as ...
The Pacific Asia Travel Association (PATA) has announced that PATA Travel Mart 2013 (PTM2013) and PATA Board Meeting will be hosted by the City of Chengdu, Sichuan Province, China in September 2013, at its PATA’s Executive Board Meeting on July 28, at the Hotel ICON, in Kowloon, Hong Kong. Martin J Craigs, PATA CEO, revealed ...
The famous explorer Marco Poloandnbsp;of the 12thandnbsp;Century wrote that Sri Lanka is the finest island in the whole world. For centuries it had been a great tourism destination particularly for European travellers. However, the 30 year long internal conflict and terrorism had a negative impact of tourism and the growth of the industry got stagnated.
The world renowned Kandy Esala Perahera taking place in the hill capital during these days is reported to have attracted a record number of tourists to the country to watch this exotic pageant unique to Sri Lanka.
Diesel andamp; Motor Engineering PLC (DIMO) together with TATA Motors India recently introduced the latest range of TATA Small Commercial Vehicles (SCV) to Sri Lankan market. The SCV range comprises the DIMO Batti (promoted in India as Tata Ace Zip), TATA Super ACE (earlier known as DIMO Lokka) and DIMO 207 DI BULLET.