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Country fourth fastest growing economy in the world, but Bourse is world’s third worst performer The dichotomy of Sri Lanka of being among the fastest growing emerging economies and worst performers when it comes to the stock market appears to be correcting, according to broking firm DNH Financial. It said contrary to some market commentators, ...
In Sri Lanka to empower and enlighten Sri Lanka’s business community and budding entrepreneurs, Chair Emeritus and board member of the MIT/Stanford Venture Lab Gigi Wang will host a seminar titled ‘Success drivers of Silicon Valley – venture capital, investment and business opportunities for Sri Lanka’ tomorrow in collaboration with Infotechs Ideas. Speaking to the ...
Internet pioneer and Silicon Valley insider Gigi Wang will have the full attention of decision makers, policy makers, technology professionals, university professors and students, bankers, entrepreneurs and women in business when she addresses an all day seminar on ‘Lessons from the Silicon Valley for Sri Lankan organisations – Success Drivers, Investment, Business and Venture Capital ...
By Cheranka Mendis Sri Lanka’s tourist arrivals in June rose 21.6% from a year earlier, welcoming 65,245 tourists, whilst first half performance has lost momentum in comparison to corresponding period of last year. Data released by the Sri Lanka Tourism Development Authority showed arrivals in the first half at 452,867, up 18.7% from first six ...
Reuters: A touch of star quality from Mario Balotelli plus a familiar mixture of experience and canny defending saw Italy quash a young Germany side 2-1 on Thursday and book a place in the Euro 2012 final against holders Spain. The semi-final victory thanks to Balotelli’s first-half double extended Italy’s unbeaten run against Germany in ...
Reuters: Holders Spain set up a European Championship semi-final with Iberian rivals Portugal after an uninspiring 2-0 win over France on Saturday which featured yet another headed goal but prompted boos from a sometimes bored crowd. The tournament has generally been graced by high quality, exciting soccer so far but for all Spain’s skill at ...
Broadband has passed another major milestone, according to the latest figures published by the Broadband Forum and prepared by broadband industry analysts Point Topic. The global total of broadband subscribers soared to over 600 million in the first quarter of 2012, indicating a further acceleration in growth as over 100 million new lines were added ...
Reuters: England and France took the last places in a heavyweight final eight at Euro 2012 on Tuesday, with Ukraine joining co-hosts Poland on the sidelines after a 1-0 loss to the English marred by a controversial disallowed goal. In a tournament heavy on goals and drama but relatively free of debatable refereeing decisions, the ...
By Cheranka Mendis Sri Lanka’s tourist arrivals rose 9% to 69,591 in April from a year earlier, continuing the growth momentum established in 2010. Data released by the Sri Lanka Tourism Development Authority yesterday showed arrivals topping 330,116 during the first four months of the year, an 18.3% increase from the period a year ago. ...
LONDON (AFP): Spain will begin as hot favourites to complete an unprecedented treble next month when the European Championship ventures into new territory in Poland and Ukraine. Winners of Euro 2008 and the 2010 World Cup, Spain will become the first footballing nation to complete a hat-trick of major championships if Vicente del Bosque’s side ...
BANGKOK (IRIN): Even though public health experts recognise how deadly asbestos can be, its use is on the rise in the construction industry throughout Asia, according to the US Geological Survey. The World Health Organization (WHO) estimates some 107,000 workers die annually from asbestos-related diseases, out of 125 million people who encounter it in the ...
Sri Lanka will be holding two fresh bilateral trade sessions today in Hyderabad – one with India and the other with the United Arab Emirates. The talks will be held at Andra Pradesh Hyderabad International Convention Centre in Hyderabad. Minister of Industry and Commerce Bathiudeen is currently in Hyderabad as a member of the Sri ...
Sri Lanka is to esta-blish a Resident Diplomatic Mission in Ukraine, following the approval of a proposal made by Minister of External Affairs Prof. G.L. Peiris to the Cabinet. The Government of Ukraine, on a reciprocal basis, will establish a Resident Mission in Colombo. Direct flights have also commenced between the two countries. Ukraine ...
Flexiprint – Sri Lanka’s premier printing company – exclusively catering to the printing needs in the tea bag industry for tea bag tags and envelopes and tag pyramid mesh, won a prestigious award in the printing sector at the recently concluded National Business Excellence Awards held at Hilton Colombo. The NBEA is organised annually by ...
Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...
By Cheranka Mendis Hayleys Group on friday introduced the latest airline to enter the Sri Lankan skies, Ukrainian airline AeroSvit, which has been brought into Sri Lanka on an investment of US$ 65,000 (approximately Rs. 7. 16 million). The airline, acknowledged as the largest in Ukraine, will operate on a point-to-point non-stop basis to Colombo ...
The Mlesna Tea Centre at Majestic City was re-launched with a sophisticated and stylish new look recently. The Tea Centre now carries a wider range of premium quality tea for the benefit of tea lovers and connoisseurs of Sri Lanka as well as for overseas visitors. The much sought after Mlesna Tea Centre at Majestic ...
By Cheranka Mendis WSO2Con 2011, the much looked forward to, user conference for technology enthusiasts kicked off yesterday at the Water’s Edge, promising three days tech-savvy interaction to more than 250 participants from all over the world. With over 40 sessions planned out with speakers from 10 countries alongside local speakers and participants, the conference ...
(Reuters) – Senegal’s Lamine Diack was overwhelmingly re-elected president of the International Association of Athletics Federations (IAAF) on Wednesday, but vice president Sergei Bubka needed a controversial second vote to retain his position. Bubka, the retired world pole vault record holder from Ukraine, had finished an out-of-the running fifth in the original vote by the ...
Five new Ambassadors and a High Commissioner taking assignments in Sri Lanka presented their credentials to President Mahinda Rajapaksa yesterday at a ceremony held in the President’s office at the Presidential Secretariat in Colombo. The new diplomats assuming duties were Ambassador of the Kingdom of Denmark Freddy Svane, Ambassador of the Islamic Republic of Afghanistan ...
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