Solar, wind, wave, geo thermal, bio massNorochcholai – underperforming, Kerawalapitiya – under maintenance, power utility – threatens strike, Sampur at Trincomalee – coal power agreement signed with NTPC of India, lack of rain in hydropower catchments… the travails of Sri Lanka’s power sector are always in the news. The policy on energy has been driven ...

Reuters: The man tasked with running the new Libya reminded his forces that the war was not yet over as the latest deadline for the surrender of pro Muammar Gaddafi towns loomed and fighters massed on both sides. Earlier on Thursday, the voice of the on-the-run former leader boomed out from his hiding place, denying ...

This is a headline article of Khaleej Times – one of the most prominent and leading newspapers in the United Arab Emirates.  According to the news item 350milion population in the Arab World is in need of 160,000 doctors.  In the UAE out of the population 80% are expatriates mainly from South Asia.   The ...

Clean campaign, a new Colombo as centre of excellence and example for others promised among other positives By Chamitha Kuruppu United People’s Freedom Alliance Mayoral candidate Milinda Moragoda yesterday guaranteed a new city and a new life in Colombo in 100 days. Launching his policy platform entitled ‘Making Colombo a centre of excellence’ Moragoda yesterday ...

By Harsha de Silva We understand that the Securities and Exchange Commission (SEC) is planning to compound undisclosed securities fraud by some billionaire investors. Media reports have begun to circulate that Environmental Resources Investments (ERI) and its Directors have agreed with the SEC to pay an insignificant fine of Rs. 10 million and compound an ...

Reuters: England piled more misery on India with a thrilling six-wicket victory in a one-off Twenty20 match at Old Trafford on Wednesday. After losing the test series 4-0, India started brightly in the shortest version of the game and racked up 165 all out, only to see England reach their target with three balls to ...

UNP MP and its chief spokesman for the economy Dr. Harsha de Silva yesterday raised concern over Securities and Exchange Commission's (SEC) alleged leniency over its action against Environmental Resources Investment Plc (ERI). In a statement Dr. de Silva said: “We are deeply perturbed at the news that ERI and its Directors have been let ...

Reuters: Hurricane Irene lashed New York with heavy winds and driving rain on Sunday, flooding some of Lower Manhattan's deserted streets and large parts of the northeast, but the feared major devastation was avoided as the storm lost some of its punch. Irene was downgraded to a tropical storm on Sunday morning after marching up ...

It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...

COSCO says vessel seizures common in lease disputes Says confident of resolving contract disputes Only a small number of its 400-plus bulk cargo ships involved Greek co DryShips’ CFO sees payment settlement with COSCO soon   HONG KONG/Bangalore (Reuters): China COSCO Holdings Co Ltd.’s President said on Friday the company has resolved lease disputes with ...

Reuters: The race to pick Japan’s sixth leader in five years appeared on Friday to be shaping up as a battle between the most popular contender and a rival backed by a party powerbroker, although with five candidates in play, the outcome was hard to call. Prime Minister Naoto Kan, who came under fire for ...

Reuters) – Pakistan is committed to strengthening anti-terror cooperation with China, the Pakistani Foreign Minister Hina Rabbani Khar said on Wednesday, questioning reports that her country was a haven for militants blamed for an attack in west China. She was speaking in Beijing after two days of talks ahead of a planned visit by Pakistan’s ...

(Reuters) – Moody’s Investors Service cut its rating on Japan’s government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies. Japan is preparing to elect its sixth leader in five years to replace unpopular Prime Minister ...

Coming from a marketing background I tend to view the happenings of the world from a lens that can be different to many. Last week’s developing story of the Anna Hazare episode in India was unique, in my perception. A man who does not own a computer and is 74 years of age, with little ...

Reuters) – Renewed fears that the euro-zone debt crisis could infect the financial system put pressure on the short-term funding markets on Thursday, forcing some European banks to pay higher rates for U.S. dollar loans. Banks rely on money markets for cash to fund their trades and loans. Fear about the safety of banks exposed ...

Our ‘poli-socionomic’ dialogue You will recall that like Capt. Kirk in his Star Ship-Enterprise,’ we also ventured into new territory with our first discussions under this theme ‘poli-socionomics,’ which appears to have caught on somewhat; thus, on behalf of those of us who still dare to think, I must thank those editors who carried it. ...

Reuters) – Gold rallied to its second record high in a week on Thursday, driven by growing investor unease over the outlook for the U.S. economy after data showed an unwelcome pickup in inflation, and over the lack of resolution to the European debt crisis. Asset such as stocks, corporate bonds, industrial commodities and higher-yielding ...

The Colombo stock market erupted yesterday before and after the SEC lifted the ban on broker credit to clients establishing one of the biggest day gains with value of Bourse rising by Rs. 77 billion. The benchmark All Share Index (ASI) shot up by 3.13% or 214 points and Milanka Price Index rose sharply by ...

Investors toast SEC move as pent up buying bolsters CSE to record one of the biggest day gains Market’s value jump by Rs. 77 b; ASI up 3.13% or 214 points; MPI by 3.67%; Turnover tops Rs. 3.76 b; Welcome net foreign inflow completes resurgent day SEC move will encourage greater recapitalisation at broking firms; ...

(Reuters) – Fitch Ratings said on Tuesday it affirmed the United States’ top-notch credit rating at AAA, giving the world’s largest economy a reprieve after it was downgraded by Standard & Poor’s little more than a week ago. Fitch said the outlook for the rating was stable. However, it warned that the United States was ...

The Colombo stock market began a fresh week with caution though there was some degree of volatility during the day. Despite gaining 39.3 points at its intra-day high of 6,872.34 points, activity levels calmed down to close flat for the day. ASI eventually closed up 3.47 points and MPI by 13 points. Turnover was a ...

THERE was welcome news from the highly-successful city of Shenzhen, China on Friday, when it was announced that the Build, Operate and Transfer (BOT) deal on the Colombo South Container Terminal (CST) was signed between the consortium involving China Merchant Harbour International (CMHI) and Aitken Spence and Company Plc and State entity Sri Lanka Ports ...