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New Delhi: India has appealed to maintain peace and tranquillity in Maldives, said the Ministry of External Affairs (MEA). In response to a question on the situation in Maldives, the official spokesperson said: “India has been closely monitoring the situation in the Maldives following the transfer of power on 7 February 2012.” “We have noted ...
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 ...
Reuters: Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about – China. Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around ...
Says trade before politics and wants better connectivity for businessmen By Uditha Jayasinghe Sri Lanka should tap into the south Asian region, which is putting trade before politics, said a top official, calling for Sri Lanka to move ahead with the Comprehensive Economic Free Trade Agreement (CEPA). South Asian Association for Regional Cooperation (SAARC) Chamber ...
The Ceylon Electricity Board (CEB) has decided to impose country wide power cuts from Monday (23). Power cuts will be imposed daily for two hours in the morning and afternoon in selected areas, the CEB says. The power crisis has been caused by the collapse of power generation at two thermal plants due to technical ...
Reuters: Former Finance Minister and Senior Leader of the ruling Congress party Pranab Mukherjee has been elected as the new president, a government official said on Sunday. On Thursday, the country’s 4,896 lawmakers in state assemblies and parliament cast their votes for the president, a ceremonial post. “I declare that Pranab Mukherjee has been duly ...
Emerging mkts to make up 30 pct of revenues by 2016 Africa seen as an increasingly important market LAGOS (Reuters): Accountancy firm PricewaterhouseCoopers (PwC) expects a third of its global revenues to come from developing markets by 2016, up from 19 percent now, as its clients look for attractive returns away from crisis-hit mature economies. ...
Former White House Communications Director to lead firm Burson-Marsteller, a leading global public relations and communications firm, today announced the appointment of Donald A. Baer as Worldwide CEO. Baer has wide-ranging executive experience across the worlds of media, communications, journalism and politics, including serving as White House Communications Director and Chief Speechwriter for Pr...
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
As the drought continues to cause concern, there are several schools of thought being put forward, with farmers blaming the Government and the Government passing the buck to Mother Nature. However, a recent report released by think-tank Verite Research puts a new spin on the popular theory that changing weather patterns are to the main ...
By Lakmal Sooriyagoda The Bar Association of Sri Lanka (BASL) at a meeting with the Attorney General had requested that necessary action be taken to arrest the Minister and other suspects who were involved in a mob attack targeting the Mannar Courts complex. BASL President Wijedasa Rajapakse PC said that he met the Attorney General ...
Responding to the threats exerted by the Cabinet Minister Rishad Badiudeen on the Mannar Magistrate A. Judeson, Lawyers for Democracy (LFD) yesterday urged the President to remove the Minister with immediate effect. The LFD said confirmed information discloses that the Minister has interfered with the course of justice and threatened the Magistrate and thereafter the ...
Election fever gripped Sri Lanka again as over 3,000 candidates from political parties as well as independent groups handed over their nominations Thursday to the polls for three provincial councils on 8 September 2012. Major political parties have already begun their campaigns for the polls to be held on 8th of September to elect members ...
UNP MP for Gampaha District Karu Jayasuriya yesterday in a statement warned that the country was heading towards anarchy given the complete breakdown in the rule of law. Here is his full statement: An act of intimidation by a Minister of the Government against the Magistrate of Mannar to change a verdict and an unsuccessful ...
‘Shakthi’ fundraiser by Emerge Lanka Foundation today ‘Shakthi, a Celebration of Femininity,’ a fundraiser for Emerge Lanka Foundation to spread awareness about sexual assault/abuse through artistic avenues, will be held at Barefoot Café today, 21 July, from 6 to 10 p.m. Emerge Global is dedicated to empowering young women around the world who have ...
By Pradeep Seneviratne for Khabar South Asia in Colombo Although Pakistan is a Muslim country, it shares a cultural and historical heritage with predominantly Buddhist Sri Lanka. For years, Colombo-native Ariyawathi knew of Pakistan only as a Muslim state of little significance to Buddhists. But that was before she visited the new international Buddhist museum ...
BEIJING (Reuters): Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China. Chinese state-owned firms in Africa face criticism for using imported labour ...
The spate of murders in Kahawatta have shocked a nation and forced law enforcement authorities into action. Yet the incidents on Thursday question whether enough is being done to protect women and children from murderous attacks not just in that region but around the country. In February, the death of a mother and daughter in ...
The United National Party (UNP) is the single largest political party in Sri Lanka and has had the good fortune of maintaining this position since it was formed in 1946. The founder of UNP was D.S. Senanayake, who was at the forefront of securing independence for Ceylon. The ideals he cherished were carried forward by ...
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
Reuters: Impoverished North Korea is gearing up to experiment with agricultural and economic reforms after young leader Kim Jong-un and his powerful uncle purged the country’s top general for opposing change, a source with ties to both Pyongyang and Beijing said. The source added that the cabinet had created a special bureau to take control ...
Reuters: Sri Lanka now expects 2012 tea production of around 325 million kg, below its target of 330 million kg, as output has fallen in the last five months due to drought, the State-run Tea Board said. Tea production in the first half of the year fell 4.3 per cent year-on-year to 163.26 million kg ...
Janatha Vimukthi Peramuna (JVP) has called on the Government to immediately address the issues faced by the university lecturers. JVP parliamentarian Anura Kumara Dissanayake said the government should not allow the current crisis in the university sector to further aggravate. He explained that the university lecturers were on strike to win four demands and the ...
‘Z-score and crisis in education’ is the theme of the monthly ‘Sambhashana’ panel discussion organised by Transparency International Sri Lanka (TISL) to be held at the auditorium of the Organisation of Professional Associations (OPA), Stanley Wijesundera Mawatha, Colombo 7 on Monday 23 July at 4p.m. The discussion is open to the public. Professor Sa...
KfW should try not to grow too fast New investor types needed for infrastructure Bank business to shrink under regulation, capital requirements FRANKFURT, (Reuters): German state bank KfW predicts a credit crunch due to a shortage of long-term project financing partly due to a retreat by major banks from such capital-intensive businesses. KfW, which specialises ...
Bajaj, the world’s biggest manufacturer of three-wheeled rickshaws used for passenger and goods transportation, said exports of the vehicles fell 41% in the June quarter, hit by a tax hike in Sri Lanka and political instability in Egypt. “Bajaj Auto, along with its distributor, has undertaken pro-active measures like rationalising the end-user cost of vehicles ...
HONG KONG (Reuters) :Asian shares rose on Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings, particularly for the beleaguered tech sector, while the euro steadied after overnight weakness. European shares were set to open slightly higher with the Eurostoxx 50 futures and Germany’s DAX futures up 0.4 percent ...
Reuters: India’s lawmakers voted for a new president on Thursday, ending weeks of wrangling and opening a much-hyped political window billed as the best chance for Prime Minister Manmohan Singh to launch a wave of reforms and reverse an economic slowdown. India’s markets are anticipating quick action to relax investment rules and cut subsidies once ...
Reuters: World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world. In his first public speech since taking the helm ...
The most anticipated panel of the summit featured MP Dr. Harsha De Silva and MP Navin Dissanayake who went on to have an animated debate on the topic ‘ICT for Government Reforms’ and the session was moderated by FutureGov Asia Pacific Magazine Editor-at-Large Laurence Millar. MP Navin Dissanayake (left) speaks as FutureGov Asia Pacific Magazine ...