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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...
Spice Island has received the globally acclaimed Good Manufacturing Practices (GMP) Certification for its brand of personal care product range. GMP refers to a set of guidelines recognised worldwide for the proper management of the manufacturing and quality control processes of food, pharmaceutical and cosmetics products. Spice Island is still Sri Lanka’s first and only ...
The most anticipated event in the academic calendar of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the Annual Convocation 2012, will be held on 20 September under the patronage of Minister of Co-Operatives and Internal Trade Johnston Fernando who will grace the occasion as the Chief Guest. Overseas Realty (Ceylon) PLC ...
A group of 50 Sri Lankan asylum seekers, mostly Tamils who were deported from Britain, will return to the country tomorrow, Immigration officials said. A group of 50 Sri Lankans are heading home on a special chartered flight arranged by the UK Border Agency (UKBA, the Business Standard reported. The deportation takes place despite a protest ...
An education sector trade union in Sri Lanka is to lodge a complaint with the Human Rights Commission (HRC) against the Police. General Secretary of the Ceylon Teacher Services Union (CTSU) Mahinda Jayasinghe said the complaint would be lodged at the HRC against the pressure placed on him by the police. The Criminal Investigations Department ...
Hundreds of Muslims staged a protest march in Colombo against the anti-Islam film released in the US, resulting in heavy traffic and closed roads. Around 200 protestors marched along Galle Road at the start of rush hour, heading in the direction of the US Embassy, said Police. However, the protesters were dispersed by Police before ...
A massive demonstration was held near the Sri Jayewardene Parliamentary Complex roundabout on Tuesday, 18 September, demanding the immediate establishment of the proposed Divi Neguma Department. Economic Development Minister Basil Rajapaksa presented in Parliament the bill for the establishment of the department which is expected to combine the Up-Country Development Authority, Up-Country Rural Re...
Esteemed industry leaders from highly respected global companies, Alois Hofbauer and D. Swaminathan will share best practices and industry-tested and proven case studies at ‘Reboot your business beyond financials,’ this year’s CIMA Management Accountants’ Conference. Demonstrating the relevance of current management accounting thought to the needs of today’s business,...
BBDO was named as the Network of the Year on Tuesday at the Spikes Asia 2012, whilst DDB and Leo Burnett emerged second and third respectively. DDB Sydney was crowned Agency of the Year, with Dentsu Tokyo and BBDO Guerrero, Makati City taking second and third places respectively. Party Tokyo was named Independent Agency of ...
JWT has expanded the roles of Tom Doctoroff, North Asia Area Director and Greater China CEO, and Colvyn Harris, India CEO, to succeed Michael Maedel, President of Asia-Pacific following his transition to Non-Executive Chairman for Asia. Doctoroff will take on the role of CEO, JWT Asia-Pacific, at the end of this year. In this role, ...
By Shanuka Tissera The six thinking hats This systematic method of thinking in a new way will provide employees with skills and tools that they can apply immediately. It is a simple, effective technique that helps teams become more productive. You and your team can learn how to separate thinking into six distinct categories. The ...
In a move to guide the young executives and school leavers on unlimited opportunities, a career guidance forum titled ‘103 Top Global Qualifications; One Free Seminar’ will be held on 22 September at 9 a.m. at RCU Skills Centre, Royal College, Colombo 7. The free half-a-day seminar is organised by CICRA Holdings as part of ...
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently awarded training partner status to Lankaputhra Development Bank and AHL Business Solutions. Accordingly, Lankaputhra Development Bank and AHL Business Solutions will provide training for students following the chartered accounting course at the strategic level stage. At a ceremony held at the Institute’s Colombo ...
The unprecedented drought over the past few months due to the long delay of the south-west monsoon affected the entire country, resulting in withered paddy-fields to farmers; chicken farmers forced to slaughter animals due to water scarcity, soaring vegetable prices for housewives, and power cuts for everyone. The effects of the drought, the victims and ...
Softlogic Information Technologies, one of the premiere IT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings, announced that the company launched the Dell PowerEdge 12th generation servers recently, offering the most advanced server innovations to give business more power. The company introduced the 12 latest models in Sri Lanka, including Dell T320, ...
Sri Lanka Telecom (SLT), the country’s national telecommunications provider, hosted an event recently to showcase how their technology supports IT professionals to revolutionize their businesses by empowering them with a superior range of Intelligent Solutions. The event saw the launch of SLT BIZAPPS, a managed service offering with unmatched Internet Data Centre (IDC) facilities, covering ....
By Cassandra Mascarenhas In a move to build a stronger and more sustainable relationship with their customers, EWIS Peripherals (Pvt.) Ltd., the sole distributor of Lexmark products in Sri Lanka, hosted a Lexmark Solution Seminar yesterday in order to address the unique issues faced by each of their end-users and to highlight some of their latest ...
“Genuine software, ultimately, is about optimisation rather than legalisation. Especially now that Sri Lanka is moving quickly, the economy will pick up even faster through partnerships with China, India and other developing countries. It’s the perfect time for companies to make sure they are competitive. This means having the right IT systems in place including ...
Nations Trust Bank’s much-awaited Corporate Quiz for their corporate elite will be staged at the Cinnamon Grand Oak Room on 21 September from 5:30 p.m. onwards. The quest to win this battle to supremacy among Sri Lanka’s corporate elite will be set on one of the most celebrated movie saga, ‘Tron’ based on the theme ...