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A Memorandum of Understanding (MOU) was entered into between the Ministry of Health and the National Health Development Fund on behalf of the Government of the Democratic Socialist Republic of Sri Lanka (GOSL) and the Trustees of the Foundation Supporting a National Trauma Service in Sri Lanka, Victoria, Australia (Project BEAP), which is a charitable ...
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Around 1,000 delegates in town for Commonwealth Parliamentary Conference and connected activities this week The entire Common-wealth is literally here as Sri Lanka plays host to the grouping’s annual gathering of Parliamentarians – this week, giving the country an excellent opportunity to be assessed firsthand as well as lift its profile globally. The 58th Annual ...
Says foreigners likely to flood capital markets Sri Lanka’s prospects of real economic growth for 2012E appear to be ahead of regional peer economies as well as that of world’s advanced nations, according to Asia Wealth Management. It said latest projections made by IMF indicate Sri Lanka’s expected growth of 6.75% for 2012E is considerably ...
Last week’s volume of shares traded at 737 m, higher than the individual monthly figures since February 2012. In a major comeback, the Colombo stock market last week shot up by 6% and in value terms by Rs. 121 billion, purely driven by improved sentiments and return of retailers on the back of expectations of ...
The Vehicle Importers’ Association of Lanka is sending a 30-member delegation led by its President Sampath Merenchige to Myanmar on business and investment promotion from 10-16 September 2012. The main purpose of this visit is to find new markets for the sale of vehicles in Myanmar as vehicle sales in Sri Lanka have dropped drastically. ...
South Africa, Sri Lanka’s leading trade partner in Sub-Saharan Africa and the third most competitive economy in the $ 13.7 trillion BRICS grouping, is making an unprecedented investment foray into resurgent Sri Lanka with no less than a $ 122 m initial investment –and is scheduling yet another strong business delegation to Sri Lanka next. ...
John Keells Holdings PLC (JKH), Ceylon Tobacco Company (CTC) and HSBC came together for the ‘Fast Track 15’ Internship Programme for the second year. This programme provides an opportunity for 15 Sri Lankan citizens studying in local and foreign universities to be engaged in a six-week internship programme during their summer break. The internship programme ...
The HSBC Youth Enterprise Awards (YEA) 2012 presented by the British Council was held at the Hilton Colombo amidst distinguished guests including Dr Sunil Nawaratne, Secretary, Higher Education Sri Lanka, Tony Reilly, Country Director British Council and Nick Nicolaou, Chief Executive Officer HSBC Sri Lanka and Maldives. Having been assessed through multiple rounds of workshops ...
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 ...
MADURAI: Even as the attack on Sri Lankan tourists in Thanjavur two days back came in for widespread condemnation, a group of cadres of Naam Tamilar Katchi staged a protest in front of a private hotel in Madurai on Thursday alleging that Sri Lankans were employed there in large numbers. The protestors also attempted to ...
Reuters: Sri Lanka’s economic growth this year may range between 6.7% and 7.2% depending on the impact of a drought that has lasted since the beginning of the year, Treasury Secretary Dr. P.B. Jayasundera said on Thursday. The Central Bank has forecast 7.2% economic growth this year, after revising it down in March from the ...
Secretary, Ministry of Defence and Urban Development Gotabhaya Rajapaksa visited Poland at the invitation of Minister of National Defense Tomasz Siemoniak to attend the 20th International Defence Industry Exhibition (MPSO) held in Kielce from 3 to 6 September. The exhibition was inaugurated by President of Poland Boruslaw Komorowski on 3rd of September amidst a large ...
A youth delegation comprising of 24 children of Indian Army families accompanied by two academic staff visited Sri Lanka from 30 August to 5 September under the ‘Youth Exchange Program’ of Sri Lanka Army’s Viru Daru Society. The delegation was received at the Bandaranaike International Airport by Viru Daru Society Chairperson Deshani Jayasuriya and several ...
ESPNCricinfo: Federation of International Cricketers Associations (FICA) has said it will deter players from taking part in the 2013 Sri Lanka Premier League (SLPL) unless tournament organisers honour the bank guarantees clause in player contracts. FICA CEO Tim May said his organisation had made repeated requests for proof of the bank guarantees, but SLC and ...
Marketing Director of Pan Audio Private Limited and Director of Pan Care Pvt. Limited, G. S. Sylvester has been selected as team leader for the Group Study Exchange, an international programme exchange for young professionals organized by The Rotary Foundation of Rotary International.
Securities and Exchange Commission of Sri Lanka (SEC) in its first-ever statement following the appointme4nt of Dr. Nalaka Godahewa emphasized that it had not initiated any new investigations as alleged.
The Securities and Exchange Commission of Sri Lanka (SEC) in a statement said yesterday that it was concerned about certain daily and weekly newspaper articles which appeared recently, giving an impression that a number of companies are under investigation by the SEC. “The SEC wishes to categorically mention that there are no ongoing or pending ...
Professional Met Consu-ltancy Services (Pvt.) Ltd. has been awarded Sri Lanka National best Energy Services Company award for the second consecutive year 2012 at the Sri Lanka National Energy Efficiency award ceremony held on 19 August at Colombo Hilton Hotel. Professional Met Consultancy Services Chairman and Managing Director M.A. Justin receives the award from Environment ...
US Embassy Chargé d’ Affaires William Weinstein yesterday announced that the new Ambassador to Sri Lanka Michele Sison will participate in the US trade show scheduled to be held on 16 September. Sison has 30 years of experience in the US Foreign Service including postings as Ambassador to the UAE and Lebanon. She has also ...
The Colombo Stock Exchange (CSE) is turning to become a real market of producing a dip and a gain within a day, showing early signs of maturity though some remain sceptical overall. Having appreciated by nearly 11% in 12 market days, there was quick profit taking in early morning trading yesterday. This saw the ASI ...
George Steuart Finance Ltd. on Wednesday unveiled to the public the new corporate name and its future plans for growth. The company also announced the approval for listing on the Diri Savi Board of the Colombo Stock Exchange in the near future. Central Bank Governor Nivard Cabraal was the Chief Guest at the launch whilst ...
SRI Lanka’s slide of 16 places in the Global Competitiveness Index will not come as a surprise to many, though it will act as a guide to pointing out the challenges still facing the economy. Last year when 10 places were gained, everyone was jubilant, with the Government and private sector voicing hopes that the ...
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
By Shanuka Tissera SREI Infrastructure Finance Ltd (India) announced their launch in Sri Lanka through a partnership with Arinma Holdings Pvt Ltd. SREI has helped over 30,000 entrepreneurs over its 23 years in operation offering a range of services in the infrastructure sector: Infrastructure project finance, advisory and development infrastructure equipment finance, venture capital and ...
By Cassandra Mascarenhas Offering an insightful view into international trade law and electronic transactions across borders, the second and final day of the regional expert consultation on connecting Asia-Pacific’s digital society for building resilience organised jointly by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the ICT Agency of ...
The Colombo stock market ended yesterday on a resilient note marking an over 10% rise in 12 days, though a degree of profit taking saw the liquid Milanka Index close marginally negative by eight points. The 0.84% or 45 points gain in All Share Index brought its 12-day increase to 10.8% apart from reducing the ...
Nihal Sri Ameresekere’s 12th book in a series of books, Socio-Political Realities – (Hilton Hotel Fiasco and Ad Hominem Legislation) – Expropriation Law (published by AuthorHouse), documenting facts pertaining to real case studies, and dealing with subjects of corruption, fraud, economic crime, governance, and the rule of law, is in 2 parts; the first part, ...
By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne on Tuesday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to ...