The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...

In the past a dreamer was viewed as insane, whereas especially after the world renowned Martin Luther King, Jr. people have realised that it is no longer holds true. Today the ability to win the world lies on the power of dreaming and it is very important that although we may be tempted to deviate from our dream ...

Transforming the peaceful countryside of Nuwara Eliya into a hive of activity and noise with its roads turned into racing circuits was the 78th Motul Mahagastotte that took place last week. With its narrow tracks and tight corners, the race circuit is considered by many to be a tacky one, but for the Ceylon Motor ...

The performance credentials of CEAT radial tyres are to be tested in the most gruelling conditions – the race track – by four of the country’s leading competition drivers. Members of the CEAT racing team raring to go The tyre maker has announced that Nishan Wasalathanthri, W. A. G. Rangana, Kamil Hussein and Lt. Colonel ...

REUTERS: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the eurozone sovereign debt crisis or sharp escalation in oil prices on geopolitical uncertainty could disrupt a world ...

Importers secure increase in age limit for cars and commercial vehicles; higher duty to stay President Mahinda Rajapaksa yesterday stepped up the accelerator for re-conditioned vehicles agreeing to revise the recently imposed age limit rules at a meeting with importers. Responding to pleas by motorists as well as Vehicle Importers Association, the President has agreed ...

HSBC’s Big Deal Lifestyle fair, recently held at the BMICH has reportedly attracted over 17,000 visitors over three consecutive days. The lifestyle fair that catered to a wide audience, offered great discounts on various products by leading merchants along with products new to the market at very affordable prices, making it a one stop shop ...

Transforming the peaceful countryside of Nuwara Eliya into a hive of activity and noise with its roads turned into racing circuits is the 78th Motul Mahagastotte that takes place this Sunday. With its narrow tracks and tight corners, the race circuit is considered by many to be a tacky one, but for the Ceylon Motor ...

ESPNcricinfo: Tillakaratne Dilshan remains convinced he did not edge the delivery to which he was given out on the fourth day against England at the P Sara Oval and has called for Hot Spot to be made mandatory in all test and one-day cricket. Dilshan was adjudged caught at slip off Graeme Swann by Bruce ...

NEW YORK (Reuters): Ford Motor Co is rolling out new Lincoln models with a panoramic glass roof option to lure younger, more affluent buyers, as the No. 2 U.S. automaker tries to revive a luxury brand whose sales peaked two decades ago. The new signature retractable 15-square-foot roof is just one feature designed to distinguish ...

The 26th CA Students’ National Conference organised by the Practicing Accountants Chartered Students’ Society (PACSS), the student body of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), will be held on 4 April at the Hotel Galadari – Grand Ballroom. This year’s conference will focus on the theme ‘Dream… Focus… Excel…’ which...

Trott’s century in vain for England Sri Lanka 1-0 up in two-match series GALLE (Reuters): Left-arm spinner Rangana Herath claimed a career-best match haul of 12 wickets to propel Sri Lanka to a 75-run victory in the first test on Thursday as England slumped to their fourth defeat in a row. Sri Lanka's captain Mahela ...

GALLE (Reuters): Sri Lanka captain Mahela Jayawardene combined luck and pluck to hit his 30th test century and steer the hosts to a respectable 289 for eight wickets on day one of the first test against England on Monday. The 34-year-old right-hander remained not out on 168, his seventh test century against England, after a ...

Reuters: Swedish auto brand Volvo has hired New York Knicks star Jeremy Lin, who has electrified basketball fans around the world, to help sell its luxury cars in China and the United States.  Lin signed a two-year contract to appear in advertisements and act as a brand ambassador for Volvo, owned by China’s Geely, parent ...

As all eyes are focused on Sri Lanka with the deciding vote taking place on Thursday in Geneva, the thought that crossed my mind was the power of the Diaspora and how world politics can shape the destinies of small countries like Sri Lanka. Whilst some can argue it is unfair, the reality is that ...

South Africa’s crushing nine-wicket victory over New Zealand to win the second test inside three days on Saturday was achieved by three 20-minute periods of superb pace bowling and their tail contributing a valuable 165 runs when they were in deep trouble.   Graeme Smith completed the victory when he drove part-time spinner Rob Nicol ...

KPMG, Ford, Rhodes, Thornton & Co., one of the oldest and largest professional services firms in the country will be celebrating its 115th anniversary in March this year. Established in 1897 as an accountancy firm called H.P. Church and Co. the firm’s name was changed to Ford, Rhodes, and Church in 1910 when Ford, Rhodes ...

The much awaited AMRC Formula Championship Round Two is scheduled for 1 April at the Pannala Race Track commencing at 9.30a.m. The event organised by the Asian Motor Racing Club (AMRC) will conduct the Formula McLarens 1300cc (two events); Ford Formula 1600cc; Pre 85 (two events); Ford Formula 1600cc; (Post 85) and a supporting One Make Event, McLarens Alto K10. This ...

SINGAPORE (Reuters): Asian equities hit a one-week high on Tuesday, holding firm in the wake of recent signs of improvement in the U.S. economy, while the yen rose after the Bank of Japan kept monetary policy steady. The BOJ, which surprisingly eased policy last month, kept interest rates unchanged at a range of zero to ...

Orient Garments Plc (OGL) has seen a change at the top with Harsha de Silva as the new Chairman and controlling interest owner S.H.M Rishan as the Executive Deputy Chairman. The changes following PC House along its Chairman Rishan acquiring 51% stake late last year and former controlling shareholders Finco representatives stepping down. Rishan and ...

New Golf-rivalling Volvo V40 makes its debut at the Geneva Motor Show According to Volvo president and CEO Stefan Jacoby, the new V40 is “the car to make our competitors sit up and take notice”. The smart family five-door has a host of premium hatches in its sights, such as the VW Golf, Audi A3 ...

Ford this week announced the winning project under their Environmental Conservation and Grants program in Sri Lanka. The ‘Fire Prevention in Knuckles Forest Reserve’ project was selected as the winner after heavy jury examination and will receive up to $ 10,000 from Ford Motor Company to implement their proposal. Ford Motor Company’s Conservation and Environmental ...

HLB International, the international network of accounting firms, is holding its 2012 Indian Sub-Continent Meeting in Colombo, Sri Lanka. The event, taking place from 29 February until 3 March, will focus on regional development and business opportunities in the Indian Sub-Continent. HLB Edirisinghe & Co., Chartered Accountants will be faciliating this year’s conference here in ...

Reuters: Hollywood showed some love for its history at the Oscars on Sunday, giving its best film award and four others to silent movie “The Artist” in a ceremony that recalled why cinema is special to so many people. The Academy of Motion Picture Arts and Sciences also gave Oscars to Meryl Streep playing former ...

Ashan Silva the driver who made a stunning performance soon after his entry into the Motor Racing field a few years ago is to receive a bonanza by way of a Sponsorship for future Race Meets from Dynamic Motors Limited,  Distributors for Motul Lubricants in Sri Lanka. Ashan made a wonderful performance at the recently ...

www.BuyCar.lkpremier online vehicle sales website is being launched on 26 February with the simple vision of being ‘the one stop, vehicle shop.’ The launch of the site will be at a gala event BuyCar.lk Car Pola (Vehicle Fair) on 26 February at the Parliament Car Park in Baththaramulla. The Car Pola will feature latest models ...

The First Round of the Speed Championship 2012 concluded on Sunday at the Pannala Race Track on a resounding note in the presence of the Minister of Sports Mahindaanada Aluthgamage. The day’s programme began with the Formula McLarens 1300 event, competed by ten young drivers who qualified to drive these single seater vehicles for the ...

PERTH: Sri Lankan all-rounder Angelo Mathews believes his team’s star batsmen are ready to start turning promising starts into substantial scores and help their side rediscover winning form. Sri Lanka suffered their second successive defeat to start the triangular one-day series against Australia and India on Friday, falling by five runs to the hosts at ...

Napier (AFP): New Zealand crushed Zimbabwe by 202 runs in the final one-day international in Napier on Thursday to complete a 3-0 series whitewash over the out-classed tourists. Zimbabwe again failed to fire as New Zealand, inspired by a man-of-the-match century from skipper Brendon McCullum, plundered 373-8 in their 50 overs and then routed the ...

EDINBURGH (AFP): Scotland are so confident of playing Wales at their own game in a Six Nations clash in Cardiff on Sunday, they’ve asked for the Millennium Stadium’s roof to be closed in a bid to ensure ideal conditions. Many pundits believe Scotland’s best chance of winning in the Welsh capital for the first time ...