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The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
The ‘Yes-Man’ Parasite, a.k.a. HMV The dictionary definition of a ‘pun’: ‘the clever or humorous use of a word that has more than one meaning, or words that have different meanings but sound the same’. The second word of the headline of today’s column is not exactly a pun, but somewhat akin to one, as ...
The support from the bastion of the game, Marylebone Cricket Club (MCC), and world famous Brian Lara propelled the inaugural Sri Lanka Premier League T20 tournament to the global stage on Saturday. Kicked off via an international style show of dance and culture of seven provinces at the Sugathadasa Indoor Stadium, the SLPL celebrated its ...
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 ...
T20 tourney to take up over 7,000 room nights in lean tourism season; bring in over Rs. 130 m revenue for hotels Destination Sri Lanka to get a fillip via global TV coverage The inaugural Sri Lanka Premier League (SLPL), ready to kick off in two weeks’ time, is expected to give a big boost ...
‘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 ...
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 ...
The Knowledge Conglomerate, an independent subsidiary of MTI Consulting dedicated to knowledge based businesses in Sri Lanka, has announced the launch of their Executive Education Series. The knowledge Conglomerate is intent to high performance knowledge-based business in Sri Lanka. The concept believes knowledge-based business will grow in size, importance and dominance and offers exciting, high ...
As Sri Lanka-Japan bilateral discourse completes 60 memorable events, Japan has become our seventh largest international trade partner. “The total bilateral trade turnover between the two nations has grown to $ 1,250 m in 2011. Japan, our seventh largest trade partner in 2011, has always been a key trading nation as well as a generous ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
Kings XI Punjab acting captain David Hussey on Wednesday defended his team’s integrity after two players from his side were suspended amid allegations of corruption in the Indian Premier League. Kings XI Punjab batsman David Hussey (L) celebrates his half century (50 Runs) in the IPL Twenty20 match against Deccan Chargers in Mohali on May ...
Rs. 1.4 b forex drags bottom line down by 72% to Rs. 365 m Sri Lanka Telecom (SLT), the leading national integrated telecommunications service provider, said yesterday it continued its financial trajectory, complemented with pragmatic operational initiatives, to deliver Q1 2012 results with a growth of 9% in revenue and 14% in operating profit. The ...
An internship with MAS Holdings, Deutsche Bank and DialogCorporate heavyweights MAS Holdings, Deutsche Bank and Dialog Axiata PLC are in search of the next batch of exceptional interns to join their annual Summer Internship Program, commencing July 2012. This joint initiative is rated one of the best internship programs in the island and has been ...
Posts Rs. 2.1 b non-cash forex loss from rupee devaluation Dialog Axiata PLC yesterday announced its consolidated financial results for the three months ending in March. Financial results included those of Dialog Axiata PLC and of the Dialog Axiata Group post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd. (DBN) and Dialog Television (Pvt) Ltd. (DTV). ...
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
By Patricia A. Butenis The 20th century American politician Thomas “Tip” O’Neill once famously said that “all politics is local”. That was often true of the news in the last century as well. With the advent of so many technological changes, however, the truism for information in the 21st century has become “all news is ...
Last Sunday when the unknown Ajinkya Rahane scored 103 runs off just 60 balls at the M. Chinnaswamy Stadium in Bangalore, which helped the Rajasthan Royals to score a massive 195 runs at IPL season five, my mind went to just one ethos the IPL is all about – highlighting performance. It is how IPL ...
News Butterfly, the unique TV programme from the US’ FOX news network, is now filming in Colombo for an exclusive segment on Sri Lanka’s new upswing. News Butterfly Market Place (NBMP) is described as a ‘unique women’s movement on TV’. According to NBMP, ‘the programme is a TV Channel venture for beautiful and talented women ...
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
HSBC has partnered the Export Development Board (EDB) to be the Principal Sponsor – Banking Sector of the Sri Lanka Expo 2012, which began yesterday at the BMICH. It is on until Saturday from 10.a.m. to 8.p.m. The premier international trade fair aptly themed ‘Partnering with the Hub of Asia’ is expected to attract over ...
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
Sri Lanka Expo 2012 will kick off from 28 to 31 March at Sirimavo Bandaranayke Memorial Exhibition Centre of BMICH, under the theme ‘Partnering with the Hub of Asia.’ This event will be organised by the Export Development Board. Having foreseen the importance of Expo 2012 to promote Sri Lanka as a destination, Sri Lanka ...
Sri Lanka Telecom (SLT), the nation’s telecommunications powerhouse, launched a new Technology Experience Centre, a platform where enterprise and SME customers can experience first-hand the company’s enhanced services provided through state-of-the-art technology. The one-of-a-kind SLT Technology Experience Centre is located at the Company’s head office premises at Fort, Colombo. ...
The Galle Music Festival 2012 being held over the weekend of 3 to 4 March offers a unique opportunity to see local and international folk and contemporary music groups. The Samanala Grounds in Galle will be transformed into a traditional village setting where the folk music groups will share, exchange, and interact with other performers ...
The Asia Capital Group today announced that construction of a 30 room hotel property, Taprobana, has begun in Balapitiya and is expected to be completed in time for summer 2013. Work has also begun on another 30 room property in Wadduwa, situated in a prime beachfront location which will be opened simultaneously. Asia Leisure owns ...
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
Dialog Axiata Plc has ended the 2011 financial year ringing a Rs. 5.4 billion profit, up by 6% over the previous year. The full year results were supported by a Group net profit of Rs. 1.4 billion in the fourth quarter, up by 2% from a year earlier. The Group recorded strong revenue growth across ...