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The Sri Lankan Government is making serious efforts in rehabilitation of former Tamil Tiger combatants, their reintegration into society and reconciliation with the minority, a high ranking Russian Government official said. Konstantin Dolgov, Russian Foreign Ministry Commissioner for Human Rights, Democracy and the Rule of Law, and Ambassador-at-Large, said the situation in terms of human ...
The year-to-date net foreign inflow has surpassed the Rs. 30 billion mark as the Colombo stock market bounced back yesterday on the strength of a fresh round of buying, following profit taking early in the week. After a small outflow Rs. 31 million on Monday, the market has seen net foreign buying of nearly Rs. ...
Medawachchiya is a bustling town located in the Anuradhapura District, North Central Province of Sri Lanka. It is an important commercial centre of the northern region of Sri Lanka. Commencing from Medawachchiya, four main roads fan out in four directions. They are Jaffna, Kandy, Mannar and Trincomalee. Medawachchiya is situated 27km from Anuradhapura, on the ...
Becomes local insurance industry’s only Sri Lankan Fellow of Institute and Faculty of Actuaries, UK A Sri Lankan insurance professional has achieved a personal and corporate milestone by qualifying as a Fellow of the Institute and Faculty of Actuaries, the chartered professional body for actuaries in the UK. Ceylinco Life Senior Manager – Actuarial Services ...
Vice President, Sales, India and SAARC, Cyberoam UTM Solutions, Sunil Sharma visited Sri Lanka recently on an invitation by Avian Technologies – the local distributor of Cyberoam to strengthen its presence throughout the island. Sharma highly commended the service and cooperation extended to him by Avian Technologies in Sri Lanka and reassured that they’d continue ...
The Galadari Hotel is inviting you to satisfy your sweet cravings with a traditional Chocolate and Berry Afternoon Tea on Sunday, 23 September 2012 at the Lobby Bar from 3:30 p.m. to 6 p.m. for only Rs. 1,000 net. This special tea buffet is dedicated solely to those with a sweet tooth and will bring ...
Fitch Ratings Lanka has affirmed Seylan Bank PLC’s (Seylan) National Long-Term rating at ‘A-(lka)’. The Outlook is Stable. A full list of the bank’s ratings is provided at the end of this commentary. Seylan’s rating reflects Fitch’s expectations of support from the State of Sri Lanka if required, given the bank’s systemic importance. However, the ...
The first ever national bamboo industry processing initiative launched 19 September, leverages UNIDO’s resources to the max while positioning for a promising 800,000 new jobs by 2019. “The national bamboo initiative launched today with about $ 24 million investment, in its first stage aims at strengthening the bamboo supply chain. The project aims to increase ...
As a part of its objective to make internet connectivity available and affordable to all Sri Lankans, Telecom Giant Lanka Bell has introduced a variety of Broadband packages to suit the needs of all segments of Sri Lankan society. The eight new tariff plans will give the consumer the choice of selecting an option according ...
The Ministry of Economic Development together with other relevant ministries and institutions has initiated a program to revive the textile industry of Sri Lanka along with the apparel industry. Earlier Sri Lanka had well developed textile industry consisting handlooms. Powerlooms, fabric and cotton industries. But all these sectors were closed down after Sri Lanka introduced ...
The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) in collaboration with the Asia Foundation will organise Key Persons’ Forums (KPFs) in the regions, commencing from September 2012. The KPFs were hitherto held in Colombo. The objective of the KPFs is to provide a platform for eminent persons in responsible positions, with ...
A high-powered defence delegation from Pakistan is currently visiting Sri Lanka to hold the first formal staff level talks between Sri Lankan and Pakistani Armed Forces. The talks being held until Friday would cover a wide range of issues relating to the Army, Navy and Air Force. The Pakistani delegation is led by Major General ...
The US Embassy in a statement yesterday reiterated the expressions issued by Secretary Clinton and President Obama regarding the recent inflammatory video that has offended many Muslims and others around the world. “It should be noted that the United States strongly rejects both its contents and messages, and had nothing to do with the ...
Twenty-five Sri Lankan asylum seekers returned home on Thursday after their applications were rejected by Britain, creating more discussion on the country’s treatment of returnees. The flight carrying eight Muslims, 13 Tamils and four Sinhalese arrived at the international airport at midday. According to reports, once they landed the group was questioned by the Police ...
The team at Crescat Boulevard will introduce a novel concept to mall entertainment by hosting a weekend full of entertainment and promotions. Crescat being the finest mall in Sri Lanka, keeping ahead of the game, will commence this entertainment event titled The Big Weekend and will be held regularly on a monthly basis. Conceptualised and managed ...
The Ceylon Chamber of Commerce announced that the applications are now closed for the Best Corporate Citizen Award 2012 for sustainable business and CSR. At present an independent evaluation panel is evaluating the entries to select the most deserving award winners. Based on the theme, ‘Getting the balance right!’ the annual award intends to promote ...
Haycarb Plc Group has expanded its activated carbon manufacturing capacity by 10% with the acquisition of a new facility in Thailand. The company said its 50:50 joint venture in Thailand, Carbokarn Company, has acquired a 100% stake in Shizuka Company Ltd., which owns an activated carbon manufacturing facility located in Ratchaburi Province in Thailand. The ...
KARACHI: Fourth seeded Pakistan will play against Sri Lanka in the first round matches of Davis Cup 2013 from February 2-3 next year. According to the draws for the 2013 Davis Cup, Sri Lanka have the choice of ground for this first round match of Asia/Oceania Zone Group-II. So Pakistan have to travel to Sri ...
ESPNCricinfo: England’s women conceded their World Twenty20 title in 2010 but remain favourites to win it back this year, given their extraordinary run of success in the format over the last two years. Their captain, Charlotte Edwards, will be leading the side in the tournament for the third time, having lifted the trophy in the ...
Ruwan Silva has resigned as the CEO of Blue Diamonds Jewellery Worldwide Plc with effect from 27 September. The move is believed to be part of internal restructuring within the Company and eChannelling Plc Group, which holds a 15% stake in Blue Diamonds. Sri Lanka Insurance holds a 10.5% stake. The move will enable Ruwan ...
H.K. Dharmadasa didn’t have a medical or business degree. But he envisioned the need for a state-of-the-art, fully-equipped, multi-disciplinary hospital. He saw a business opportunity in the State-dominated healthcare sector 27 years ago. The hospital provides patients the ability to receive specialised care without having to leave the country. Opportunities Market opportunity is defined as ...
Registrations for the prestigious Annual Report Awards competition closed on 15 September with an unprecedented 124 entries. It is the first time that the entries for the competition surpassed the 100 entries threshold, which is a significant increase compared to 98 entries at the 2011 competition. Organised by the Institute of Chartered Accountants of Sri ...
Sri Lankan stocks fell 1.4 percent yesterday as investors booked profits across the board in an overbought market after a 15-session rally.
Sri Lanka’s telecommunication sector has lost approximately Rs.8 billion by way of exchange losses, as the majority of telecom firms operating in the country are exposed to foreign exchange borrowings, according to Telecommunication Regulatory Commission (TRC) Director General Anusha Palpita.
The Central Bank (CB) yesterday in a statement issued new directives on foreign exchange activities that broadly cover market practices and ethical standards. The bank, with the view to further improve the standard of business conduct and good market practices for the effective and efficient functioning of the foreign exchange trading activities in Sri Lanka, ...
Sri Lanka President Mahinda Rajapaksa kicked off a visit to India yesterday amidst mixed relations with Tamil Nadu, as a business delegation arrives for talks. A trade delegation from Tamil Nadu will arrive in Sri Lanka on today for a four-day visit, according to the Ceylon Chamber of Commerce (CCC). The 45-member trade delegation consisting ...
Reuters: Stocks fell 1.4 per cent yesterday as investors booked profits across the board in an overbought market after a 15-session rally. The Colombo Stock Exchange’s main index, which fell 2.2 per cent in early trade, recouped its early losses to end 1.04 per cent, or 61.67 points, weaker at 5,849.14. “We are going to ...
By Cheranka Mendis The Sri Lanka Tourism Development Authority (SLTDA) is offering 2717.243 acres of land and 415.7 acres of water body in six selected areas for eco-friendly beach, wildlife and waterfront developments. Located in Kalpitiya, Kuchc-haveli, Bentota, Pasikudah, Dedduwa and Yala, all land offered will be given on a long-term 99-year lease upon payment ...
In an attempt to increase loan access to middle class consumers, DFCC Vardhana Bank and the Asian Development Bank (ADB) yesterday signed an agreement for a US$ 15 million 10-year lending facility. The facility granted to DFCC is expected to be disbursed amongst young entrepreneurs, first-time home ownership by family units, self-employed individuals and women ...
Kelvinator, a world renowned brand of refrigerators, recently partnered with Softlogic to exclusively distribute and retail its newest range of refrigerator models. Softlogic being an established leading player in the retail consumer electronics market carrying authorised distributorships for world famous brand such as Panasonic, Samsung, Candy, Russel Hobbs, Midea, Dell, Nokia, Ignis and Xerox am...