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As opposed to a 10-place jump in the previous year, Sri Lanka has suffered a 16-place relegation in the latest Global Competitiveness Rankings list released by the influential World Economic Forum (WEF) yesterday. Sri Lanka’s rank of 68th place out of 144 countries surveyed from 52nd place in the previous year was despite the overall ...
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
Commending the considerable role played by Sri Lanka Missions overseas in the field of promoting Tourism, the Sri Lanka Tourism took steps to create a new category of tourism awards for Sri Lanka Missions in promoting Tourism for the year 2011, among its newly introduced 21 award categories. Accordingly, the Sri Lankan Embassies in Russia, ...
NAIROBI (Reuters): Kenya’s horticulture export earnings are expected to grow by 10%this year thanks to above-normal rainfall, but the eurozone’s financial woes were expected to dampen demand for flowers, a senior industry official said on Monday. Horticulture is one of the east African country’s leading sources of foreign exchange alongside tea exports and tourism. The ...
Reuters: Kim Clijsters’ illustrious singles career drew to an emotional close on Wednesday when the former world number one was knocked out of the second round of the US Open by Britain’s Laura Robson. Kim Clijsters Andy Murray Robson’s compatriot Andy Murray later made light work of Croatia’s Ivan Dodig to reach the third round ...
Sebas Tea of St. Petersburg, Russia, has purchased a line of Karagoda BOP1 grade at an all-time high record price of Rs. 860 per kilo at this week’s tea auctions. The tea was purchased by Unitrades Ltd., on behalf of Sebas Tea and the broker was Ceylon Tea Brokers Ltd.
Global CyberLympics is an international cybersecurity competition. There are teams from various countries participating in the competition. The competition is carried out in different parts of the world including North America, Europe, Africa, South America and Middle-east and the Asia Pacific. It is hosted by the International Council of E-Commerce Consultants (EC-Council), a member-based o...
Reuters: Andy Murray’s hopes for a maiden grand slam at the US Open may require him to beat world number one Roger Federer for a second time in five weeks after the duo were placed in the same half of the draw on Thursday. Top seed Federer beat Murray last month to win his seventh ...
SriLankan Airlines is offering students discounted air tickets and excess baggage when they travel overseas for studies, as part of their ‘Student Triple Bonanza’ promotion that will run till the end of March 2013. Students pursuing higher studies in countries that come under the airline’s network of online destinations including the UK, Germany, Italy, France, ...
Best Western International, the world’s largest hotel chain, recently debuted its premier brand hotels in Australia and Russia. The Best Western Premier Hotel 115 Kew in Melbourne and the Best Western Premier Mona Hotel just outside Moscow, have boosted the global Best Western Premier hotel collection to 146 properties in 34 countries since the luxury ...
Reuters: Russia warned the West on Tuesday against unilateral action on Syria, a day after U.S. President Barack Obama threatened “enormous consequences” if his Syrian counterpart used chemical or biological arms or even moved them in a menacing way. Russian Foreign Minister Sergei Lavrov, speaking after meeting China’s top diplomat, said Moscow and Beijing were ...
The current drought conditions are impacting the tea sector with cost on the up apart from the overall agriculture industry. “A shortfall in crop intakes has taken a heavy toll on the cost of production with majority of estates registering production cost exceeding Rs.450,” said commodity broker John Keells Ltd. It said except for two ...
Protecting the small depositor One reason for poor communities the world over responding to the service facility provided by Micro Finance Institutions (MFI) to take in the small amounts of savings the poor generate on a daily or weekly basis is the security offered by the cash being securely looked after at a remote ...
Last week I had the opportunity of meeting Hermawan Kartajaya, one of the top 50 gurus who has shaped the world of marketing. His perspective to the changing landscape of marketing and what business must do sure opened my mind set to a new way of thinking business and Sri Lanka’s policy decision making. Hermawan ...
Disruption to food production, due to adverse weather conditions in USA, China, Russia and India could contribute to a spike in world food prices. Due to its direct exposure to global supply disruptions, Sri Lanka could be adversely affected, warns Sri Lankaandrsquo;s economic think tank andndash; Pathfinder andndash; in its latest andlsquo;economic flash.andrsquo;
The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in ...
PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...
FARMINGTON HILLS, Michigan (Reuters): Nissan Motor Co unveiled a new 2013 model of its Pathfinder on Friday that it hopes will improve the current version’s lagging performance among large sports utility vehicles in the US market. The new Pathfinder will be 300 to 500 pounds lighter than the 2012 versions, depending on which options consumers ...
Hapag-Lloyd will increase rates effective 3 September in the trade from India (zone one) and Pakistan to North Europe and the Mediterranean by USD 200 per TEU. Applicable for all shipments from India (zone one) and Pakistan to all North Europe and Mediterranean (excluding South and West Africa) destinations. India Subcontinent zone one comprises the ...
Reuters: Usain Bolt and Jamaica’s speedsters smashed the 4×100 metres world record, Britain’s Mo Farah brought London to its feet with another golden distance win and Mexico broke Brazilian soccer hearts in a thrilling penultimate day of Olympic action. But Saturday’s sporting highs were tempered by news that a Syrian runner was expelled from the ...
LONDON: Throughout the Olympics’ first women’s boxing tournament, US middleweight Claressa Shields would refer to the ultimate prize as “my gold medal.” After Thursday, she can proudly claim that it is. Shields, 17, defeated Nadezda Torlopova of Russia on Thursday night, 19-12, to claim the gold medal in the middleweight division, in the Olympic event’s ...
Reuters: America’s world indoor and outdoor champion Brittney Reese added an Olympic long jump gold medal to her growing list of titles on Wednesday with the second biggest jump in the world this year. Brittney Reese of the U.S. competes in her women's long jump qualification during the London 2012 Olympic Games at the Olympic ...
Reuters: The United States came out on top in track duels with Jamaica at the Olympic Games when Aries Merritt flew to victory in the men’s 110 metre hurdles and Allyson Felix struck gold at her third attempt in the women’s 200m on Wednesday. London, United Kingdom; Aries Merritt (USA), right, races Hansle Parchment (JAM) ...
Tea is our pride, for which we can be proud of for the reason that it is the best tea on the globe. It is the duty of every Sri Lankan, especially the diplomatic missions worldwide, to defend and promote our silver inherited as much as the beauty of Sri Lanka which is matchless. Sri ...
LONDON (Reuters): InterContinental Hotels, the world’s biggest hotelier, cheered investors by promising to return $1 billion to them funded from the planned sale of a New York hotel and added its flagship London Park Lane hotel is set to be next on the block. The British-based group, home to the Crowne Plaza, Holiday Inn as ...
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. ...
Playing off India against China and vice versa‘The Great Game’ was the name given to a diplomatic and military tussle between the British and Russian empires during the time of the British Raj in India for influence over what constitutes today’s central Asian states. Commonly known as the ‘Stan states,’ they were located along the ...
Reuters: Serena Williams demolished Russia’s Maria Sharapova 6-0 6-1 to grab Olympic tennis singles gold on Saturday, becoming the first player in the sport to win all four grand slams and an Olympic title in both singles and doubles. Having completed the career “golden slam”, the unstoppable American, who dropped just 17 games in her ...
Want to directly involve in the five-hub strategy in a big way Two new export zones coming, will act as India’s supply chains India to double bilateral trade to $ 10 b by 2015 $ 5 b Indian investments in various sectors now lined up $ 5 b investments are apart from huge outlay ...
A farewell dinner was organised by the Sri Lanka-Russia Business Council of the Ceylon Chamber of Commerce for Vladimir Mikhaylov and Madam Mikhaylov in recognition of the yeomen services rendered by Mikhaylov during his tenure as the Patron of the Council. The event was held on 6 July 2012 at the Dukes Court, Cinnamon Lakeside ...