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REUTERS – Argentine soccer great Diego Maradona has underlined his desire to coach in China after arriving in the country for an eight-day charity trip, local media reported. The 51-year-old, Argentina’s head coach at the 2010 World Cup, was sacked by United Arab Emirates club Al Wasl last month but appears keen on a job ...
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.
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 ...
By Chamitha Kuruppu The Janatha Vimukthi Peramuna (JVP) on Wednesday stated that the time has come for the public to “stand against the irresponsible decisions and unwise acts of the Finance Minister and the Central Bank Governor that leads this country into an economic downfall.” President Mahinda Rajapakse as the Minister of Finance and Central ...
Reuters: Stocks fell for a fourth straight session on Wednesday to a two-week low on concern over rising interest rates and the absence of promised Government measures aimed at boosting the market. The Colombo Stock Exchange’s main index lost 0.17 percent, or 8.35 points, to end at 4,889.87, its lowest since 26 July. “Local investors ...
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 ...
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 ...
Stocks fell 0.6 per cent on Tuesday in thin trade after authorities delayed promised policy measures aimed at boosting sentiment according to a report filed by Reuters. It said the Colombo Stock Exchange’s main index lost 0.61 per cent, or 30.28 points, to end at 4,898.22, its lowest since 26 July. “The market fell due ...
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 ...
Reuters: Olympic sensation Ye Shiwen has hit back at a top American coach who suggested the Chinese swimmer could be using banned substances, telling state news agency Xinhua that John Leonard had acted unprofessionally. Ye, who won two golds at the London Games, set a world record in the 400 metres individual medley and shaved ...
“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 ...
MillenniumIT, a leading technology solutions provider and part of London Stock Exchange Group (LSEG), yesterday announced that Millennium Surveillance, the company’s trading surveillance software has gone live at the Egyptian Exchange (EGX), one of the oldest exchanges in the region. This news follows the LSEG announcement of the successful launch of MillenniumIT systems at three ...
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms so far had substantially reduced external imbalances, but at the cost of significant ...
Reuters: Asian shares slid and the euro hovered near multi-year lows hit earlier on Monday, as Spain sparked concerns about its ability to stave off a sovereign bailout after two indebted regions sought financial assistance from the central government. Fears the euro zone’s fourth largest economy will be forced to follow Greece, Portugal and Ireland ...
A special seminar on international education and global careers in finance has been jointly organised by Northwood University (USA) and ANC. Guest speakers from education and industry will introduce both O/Level ad A/Level students and their parents on how to best prepare for top jobs in finance. Seminar details are as follow: It’s all about ...
Impending discussion bolsters investor sentiment as Bourse value gains by Rs. 27 b; some link it to sovereign bond success The Colombo Bourse yesterday staged a mini rally sentiment wise in anticipation of a positive meeting between President and Finance Minister Mahinda Rajapaksa and capital market stakeholders today. The market’s value rose by Rs. 27 ...
With reference to Daily FT’s response (published on 9 July 2012) to Opposition Leader Ranil Wickremesinghe’s comments in Parliament on 5 July 2012, he made a further statement on 18 July. Here is the full text of Wickremesinghe’s statement made in Parliament on 18 July: "I want to raise one issue. On Thursday 5 July ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
The Lion flag fluttered spiritedly as the 18-wheel monster truck scampered through the treacherous Australian outback. Fifty-six-year-old Zola Rajapakse worked through his 18-gear manual transmission with consummate ease. Zola and his American co-driver were locked in battle with six other drivers from England, Scotland, US and Australia for a shot at becoming the world’s toughest ...
The Lion flag fluttered spiritedly as the 18-wheel monster truck scampered through the treacherous Australian outback. Fifty-six-year-old Zola Rajapakse worked through his 18-gear manual transmission with consummate ease. Zola and his American co-driver were locked in battle with six other drivers from England, Scotland, US and Australia for a shot at becoming the world’s toughest ...
The aromas floating around the cafe by the Nuga tree smell decidedly foreign in flavour. The cheery young Baristas in the cafe says that the new Italian menu that Dandrsquo;Cafe has introduced is sure to be a real winner. The small cafe on Cambridge Place is secluded from the busy world around it and seems to be the ideal place to drop in for a dish of steaming Italian Rice on a rainy Colombo day.
In what is bound to be a development welcomed with garlands by many stockbrokers and investors, the Securities and Exchange Commission of Sri Lanka (SEC) yesterday (16 July) announced its decision to allow stockbrokers more flexibility in managing their credit.
The wait for fans in India and Pakistan to see the two countries face each other in a bilateral series is set to end. The BCCI confirmed today that Pakistan will tour India for three One-Day Internationals and two Twenty20 matches in December – January. This will be the first bilateral series between India and ...
REUTERS: Little more than a dozen years after the region’s crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China and India and pouring money into markets proving resilient to the global gloom. Short-term investors in Southeast Asian stocks and bonds are being overtaken ...
Reuters: Asian shares slid on Thursday as a surprise rate cut from South Korea and an unexpected slump in Australian employment deepened worries about global economic growth. The news weighed on sentiment already hurt after minutes from a Federal Reserve meeting in June showed conditions may need to worsen before policymakers possibly buy more bonds ...
LONDON(Reuters): Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said on Tuesday. The jobless rate in the 34-country OECD area will still be stuck ...