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Reuters: India cut cash reserve requirements for banks by 50 basis points on Tuesday to ease tight liquidity conditions, signalling a shift in policy towards reviving growth after two years of fighting inflation. With core inflation still stubbornly high, the Reserve Bank of India as expected left its policy repo rate unchanged at 8.50 percent ...
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
EPSI Computers (Pvt) Ltd., the authorised distributor for ViewSonic Corporation, USA, launched the ViewSonic V3D245 3D LED monitor to Sri Lankan consumers. The launch took place at EPSI Computers’ Head Office located at No. 403, Galle Road, Colombo 3. Now Sri Lankan gamers and movie enthusiasts can enjoy 3D experience using a ViewSonic V3D245 monitor, ...
Media organisations in Sri Lanka have urged the authorities to investigate all recent attacks on media personnel and institutions. The watchdogs say they will stage a protest on 25 January in Colombo against a series of attacks against media personnel in recent years. It will especially mark “Black January” during which many prominent media personnel ...
Last year when I got the opportunity of attending the summer programme at Harvard, one of the sessions that really got my attention was a session titled ‘Corporate Athleticism’. Coming back to Sri Lanka I was eager to bring to life this new theory called ‘Corporate Athleticism,’ which in actual fact was practiced by many ...
By Cheranka Mendis Construction work for the 350 metre iconic Lotus Tower commenced yesterday following the foundation laying ceremony at the auspicious time of 10:28 a.m. The tower, which will be the tallest tower in South Asia, is located down D.R. Wijewardene Mawatha, overlooking the Beira Lake and is budgeted at an estimated cost of ...
By Devin Jayasundera The British Council Colombo, in its efforts to increase the capacity of its premises, kicked off a refurbishment programme under the auspices of Higher Education Minister S.B Dissanayake. The refurbishment plan is valued at Rs. 500 million and is the single largest investment commitment made by the British Council for 2012 in ...
After Dialog hires local ex-Airtel boss Amali, Indian giant gets Dialog’s Suren as CEO Switches is common parlance in the telecom industry’s hardware, but it appears to have extended itself to the human capital base of two competitors. Hot on the heels of Dialog Axiata last week announcing the appointment of former local boss of ...
MUMBAI (Reuters): The India test side’s continued freefall in Australia has infuriated the media and angered fans back home but advertisers and broadcasters are refusing to give up on cricket, given a lack of alternatives and the fickleness of local supporters. Since the euphoria of a 2011 World Cup victory on home soil in April, ...
THE Police Department is to install 100 more Closed Circuit Television (CCTV) cameras in Colombo to enhance surveillance, prevent crimes and detect persons who violate traffic laws. After the shocking school van accident, the state of Sri Lanka’s roads has hit headlines again, but the solution seems far off. A total of 108 CCTV cameras ...
One of the World’s leading Bible teachers and speakers Joyce Meyer arrived in Sri Lanka yesterday (18). She has her own syndicated television and radio program called ‘Enjoying Everyday Life.’ She is the leader of Joyce Meyer Ministries Worldwide and is a New York Times bestselling author, her books having helped millions of people find ...
Citizens Development Business Finance PLC (CDB) kicked off operations for the New Year with the launch of its brand new savings account. ‘CDB Saver,’ as it is aptly called, was launched at CDB’s Corporate Office at Sangaraja Mawatha in the presence of its valued customers, staff and well-wishers. Blazing a trail in savings accounts in ...
Lack of participation in decision makingTop-down decision-making, centralisation of power and authority, lack of consultation with stakeholders, lack of accountability and the arrogance of political power are all factors which featured heavily in the socioeconomic environment of 2011 in Sri Lanka, mainly due to the lack of public consultation in the decision-making process. As Nobel ...
Kenyan Laban Moiben and Netsanet Abeyo of Ethiopia yesterday respectively won the men’s and women’s contest in the 9th Standard Chartered Mumbai Marathon, rated Asia’s most valuable. A record 2,475 Indian and global athletes including Sri Lanka’s Rueina Deepani and Indika Ratnayake vied for the popular event, which has received IIAF Gold label status. However, ...
Asia Digital Entertainment formally commenced operations on its cinematic production, Vaishnavee, at a special muhurath ceremony. The movie is the first ever Sri Lankan production that will be filmed with the use of the world’s most advanced digital camera, the Red Epic. Directed by Sumitra Peries and based on a story by Dr. Lester James Peries, Vaishnavee is ...
CAMBRIDGE, Mass. (Reuters): Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism while 40 per cent did not. The disillusionment was particularly marked among young people 18-29, African Americans and Hispanics, those with ...
Dialog Axiata Plc yesterday announced the appointment of Amali Nanayakkara as its new Group Chief Marketing Officer. Nanayakkara will take up office in February 2012. Nanayakkara, a renowned marketing professional and business leader, brings to the Dialog Group a wealth of experience derived from over 20 years in senior management postings in Sri Lanka and ...
Sri Lanka’s most popular children’s television programme ‘Muthuhara’ broadcasted by Sri Lanka Rupavahini Corporation (SLRC) selected Cinnamon Grand’s Nuga Gama (the Village in the City) for its first live broadcast on 1 January. This is the first time a hotel has been selected as a venue for this renowned children’s programme, since its inception 30 ...
People’s Merchant Plc yesterday announced three additions to its Board of Directors with effect from 6 January 2012. They are Tushan Wickramasinghe, G. Ramanan and Anil P. Weerasinghe Tushan Wickramasinghe who holds an MBA from Edith Cowen University Australia is the Chairman of Capital Trust Holdings (Pvt) Ltd. and the Managing Director of Capital Trust ...
A story of how advertising has changed from when Chairman and CEO of Bates Strategic Alliance Nimal Gunewardena first started to work in the industry over 35 years ago, and what those changes mean for advertisers today – both marketers and agencies. Gunewardena affirms that we need to move from pure broadcast advertising to looking ...
Looking back at 2011, DFCC Vardhana Bank (DVB), the everyday banking unit of DFCC Bank had a productive year in terms of profitability, asset growth, with a number of milestones being achieved, awards won and expansion in the bank’s products and services. The entirety of the bank’s activities focused on one goal: financial inclusion, which ...
Rotating Savings and Credit Associations and the Finance Business Act No. 42 of 2011Cheetu or Rotating Savings and Credit Associations (RoSCAs) are the world over a well-recognised method of savings and capital accumulation for the poor and marginalised. Advocate E.B. Wikramanayake B.A., in his Legal Dictionary for Ceylon (1948 Edition) describes a cheetu club as ...
The 10th edition of Dharman’s Media Guide of Sri Lanka was issued last week. A publication of the Sri Lanka Environmental Journalists Forum it is one of the most popular and leading media guides in Sri Lanka edited by senior journalist Dharman Wickremaratne. First published in 2000, it is the country’s only media guide updated ...
Heralding a new trend in the business world, the Rotary Alumni of Sri Lanka will be staging the first ever Corporate Athletism programme on 17 January at Hilton Residencies from 4.00 p.m. to 6.00 p.m. featuring some the best in the corporate world. If there is one quality that high performing corporate executives seek for ...
By Cheranka Mendis Theatre, like music is a language that has the power to break barriers, carry messages across continents and express thoughts that are otherwise hard to convey. Theatre builds individuals, links cultures and rebuilds lives. Theatre is in many ways a powerful tool that has, over time, found to be an excellent mode ...
sports.ndtv.com: Colombo: Sri Lanka Cricket (SLC) has approached the BCCI about the possibility of hosting IPL matches, the new SLC president, Upali Dharmadasa, has said. The idea has been proposed as a way for SLC to raise additional revenue because the Sri Lanka Premier League (SLPL) failed to get off the ground last year, after ...
2012 has arrived and if we are to go by Mayan predictions, this is the year that the world will come to an end – to be precise 11-and-a-half months from now, on 21 December. This year I got many wishes reminding me of the impending doom and how one must look at the year ...
Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors. The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the ...
IRIN: Sri Lanka is making progress in the battle against mosquito-borne dengue fever, say health officials. “Over the last two years we have gone all out to stop the spread of dengue,” Pabha Palihawadana, head of the Health Ministry’s Epidemiology Unit, told IRIN. “Now we are seeing some of the results.” In 2011, 26,722 cases ...