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Sri Lankan stocks fell 1 percent yesterday from an eight-month high, snapping a four-day gaining streak as investors booked profits across the board.
Reuters: Stocks fell one per cent on Tuesday from an eight-month high, snapping a four-day gaining streak as investors booked profits across the board. The Colombo Stock Exchange’s main index ended 0.98 per cent, or 58.28 points, weaker at 5,910.81. “The market is consolidating with a little bit of profit-taking and getting ready for the ...
Cabraal says that price pressures will remain, keeps policy rates and growth figures steady The Central Bank kept policy rates unchanged yesterday, on expectations that inflation would remain contained to single digit levels on policy changes to reduce demand. The concerted efforts by the Central Bank and the Government earlier this year to curb the ...
Reuters: Ajantha Mendis produced extraordinary bowling figures of six for eight to lead Sri Lanka to a crushing 82-run win over Zimbabwe in the opening Twenty20 World Cup match yesterday. Mendis, returning to the side following injury, took two wickets in his first over went on to surpass his own record of figures six for ...
Issue oversubscribed by two times, says Central Bank The Central Bank has had its latest issue of Sri Lanka Development Bonds oversubscribed by two times, bringing the total bid to US$ 121.05 million, the monetary institution said in a statement. The Central Bank of Sri Lanka, on behalf of the Government of Sri Lanka, ...
The National Mobile Service Provider, Mobitel, for the third successive year came forward as a co-sponsor of the Southern Monsoon Rally 2012. Organised by the Southern Motor Sports Club (SMSC) for the fourteenth year, the Rally will be held on the 22 and 23 September this year. The only annual TSD (Time-Speed-Distance) type of rally ...
Reuters: India will experiment with different field settings to compensate for their bowling deficiencies at the Twenty20 World Cup, Captain Mahendra Singh Dhoni said on Tuesday a day ahead of his team’s opening game against Afghanistan. The 2007 champions failed to defend a formidable 185-run target against Pakistan in a warmup game on Monday with ...
Club Bentota regained the men’s title for the second successive year, while Amaya Lake, Kandalama emerged as the new women’s winner at the 36th Travel Trade Sports Club Softball Cricket Sixes at Shalika and D.S. Senanayake College grounds on Sunday. In an all Bentota Men’s final at Shalika grounds, a hat trick by Dunil Darshana ...
The biggest-ever textile industry delegation from India arrived yesterday, the Industry and Commerce Ministry said in a statement. The high-level textile delegation is here to strengthen the promising textile trade between the two countries and incorporates both high ranking Government officials and reps from private sector. “We warmly welcome the high-level textile delegation which is ...
The ICC Twenty20 World Cup 2012 started off yesterday at the Mahinda Rajapaksa International Stadium Hambantota, with the first match played between Sri Lanka and Zimbabwe. Photojournalist Shantha Rathnayake captured these moments prior to the match as crowds gathered at the stadium to enjoy yet another edition of the gentleman’s game.
United People’s Freedom Alliance (UPFA) Councillor Abdul Majeed was sworn in as the Chief Minister of the Eastern Province yesterday before President Mahinda Rajapaksa at Temple Trees. Majeed was a representative of Trincomalee for the Sri Lanka Muslim Congress (SLMC) earlier and served as Minister of Co-operatives. However, SLMC expelled him from the party in ...
The first-ever National Bamboo Processing initiative will be kicked off today, 19 September, at Galle Face Hotel, Colombo. The UNIDO focal point office in Colombo will be launching the event with Minister of Industry and Commerce Rishad Bathiudeen and Secretary, Ministry of Industry and Commerce Anura Siriwardena. The launching will also be attended by senior ...
Postal sector employees in Sri Lanka have threatened an islandwide strike if the authorities fail to streamline the recruitment of graduates. The Ceylon Postal Union says postal workers would commence an island wide strike from 25 September if their demands are not met. President of the Ceylon Postal Union (CPU) Jayantha Wijesinghe has said the ...
The Australian Federal Government has sent a second group of asylum seekers to Nauru but says it will take more time for its new offshore processing policies to start stemming the flow of boat arrivals from Indonesia and Sri Lanka. Immigration Minister Chris Bowen says another 36 Sri Lankan men arrived on the isolated Pacific ...
By T. Farook Thajudeen The case filed by CID against Sri Lanka Mirror accusing the website of having contained defamatory items against the President and the State was laid by and the suspects were ordered to appear before Court if noticed by Additional Magistrate Prasanna De Alwis yesterday. When the case was taken up for ...
Considering the growing need for the security technologies, products, solutions and services, the security domain stakeholders in Sri Lanka can benefit from the sixth edition of IFSEC India and Homeland Security India – the largest security exposition in India and South Asia. It is scheduled to be held from November 01-03, 2012 at the India ...
Ambassador of Sri Lanka to Japan, Admiral (Rtd.) Wasantha Karannagoda, called on Japan’s Maritime Self Defence Force Chief of Staff Admiral Katsutoshi Kawano, at the Ministry of Defence. Admiral Kawano is the highest ranking Navy official of the Maritime Self Defence Force, which is equivalent to the Navy of Japan. The two dignitaries discussed and ...
Commendable achievements Over the years Sri Lanka has gained a considerable reputation for its achievements in social development. It punches above its weight on the UNDP’s Human Development Index. It has also performed very well in meeting the internationally agreed Millennium Development Goals (MDGs), which focus on indicators related to poverty, health, education and gender ...
The Asian Development Bank (ADB) is concentrating on developing nine sectors including infrastructure in Sri Lanka and the far eastern region including Vietnam, Cambodia and Laos to foster economic development. “Asian Development Bank has assisted sub regional economic cooperation in the Greater Mekong Sub region (GMS) to enhance their economic relations, covering nine priority ...
Elephant House was recognised as one of Sri Lanka’s top 10 business entities at the 2012 CNCI Achiever Awards held at the Cinnamon Grand in Colombo recently. The CNCI (Ceylon National Chamber of Industries) have been hosting these awards for 11 consecutive years, recognising and awarding key Sri Lankan business for their contribution to the ...
Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, has partnered with Sri Lanka’s largest listed bank, Commercial Bank of Ceylon PLC, to provide integrated enterprise communication solutions, which would ensure uninterrupted and highly secure connectivity leading to smooth banking services for Commercial Bank customers. The new data centre hosted at the Dialog Axiata ...
RAM Ratings Lanka has reaffirmed the respective long- and short-term financial institution ratings of Standard Chartered Bank – Sri Lanka Branch (SCBSL) at AAA and P1; the long-term rating has a stable outlook. The ratings are firmly anchored by the credit profile of Standard Chartered Bank PLC of the UK (SCB-UK) of which the Bank ...
The exchange of goods and services has been around for as long as civilisations themselves, if not longer. Humans, being extremely adaptive to their environments, have always found ways to utilise resources and build surplus. This surplus was then used to trade in order to obtain resources and goods that weren’t abundantly available. Evolution of ...
The ceremonial opening of NSB’s Kekanadura Branch was held recently and this branch will offer its clients the bank’s full range of products and services. The branch opening was graced by Dullas Alahapperuma , Cabinet Minister of Youth Affairs and Skills Development as the Chief Guest, with the presence of Sunil S. Sirisena, Chairman NSB ...
Abeeth Dangalla who made a strong comeback to become the champion driver at the Rotherham Circuit Meet, the penultimate event for the CEAT/SLARDAR Championship 2012 gave a brief interview to the media discussing his recent achievement and passion for the sport. Dangalla won both events of the SL-GT 3500cc Class which was organised by the ...
The festival of creativity – Spikes Asia 2012 in Singapore during its first two days showcased key insights on winning and creative ideas in the marketing communications sphere by a host of global and regional experts. Attended by nearly 1,800 creative industry professionals and students from 27 countries including nearly 20 from Sri Lanka, the ...
It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
The fourth Annual General Meeting of the Indo-Lanka Chamber of Commerce and Industry was held at the Taj Samudra, Colombo, recently. High Commissioner of India to Sri Lanka Ashok K. Kantha was the Chief Guest at the event – Pix by Indraratne Balasuriya
The first CFW Resortwear show will feature a total of 12 important designers showcasing their Resortwear 2013 collections. The focus for the first show is the South and South East Asian region hence the designers are from Malaysia, India, Pakistan, Sri Lanka and Bangladesh. The show which is themed as a Resortwear weekend on the ...
Two groups totalling around 50 would-be Sri Lankan asylum seekers have arrived at the offshore processing centres in Papua New Guinea, but are unlikely to provide a bottleneck for the dozens more expected. The number of detainees during the last two months has topped 556, with total numbers since June estimated at around 1,400, showing ...