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24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
The world leading international Emergency Services Company, Falck (Denmark) has acquired 50% of Sri Lankan Emergency Medical Services (EMS) company, Med1 (Pvt) Limited.Med1andnbsp;plans to launchandnbsp;emergencyandnbsp;medicalandnbsp;response services in the Colomboandnbsp;areaandnbsp;by the end of 2012.
Global CyberLympics is an international cybersecurity competition. There are teams fromvarious countries participating in the competition.
Etisalat, a leading global mobile telecommunication service provider, opened its state-of-the-art store at the Bandaranaike International Airport (BIA) recently. As the country experiences an influx of tourists and expects a further growth in the tourism industry, Etisalat, having an over 167 million global customer base across 17 countries, is currently the most skilled and ...
Visa has taken its first steps towards entry into Myanmar (previously known as Burma) with a series of training workshops to prepare selected local banks for the introduction of electronic payments as the country continues its economic and social reforms. The workshops are aimed at upgrading the banking facilities to accept and issue international payment ...
Sri Lankaandrsquo;s leading fashion brand and menswear specialist Hameedia recently had the unique honour of clothing celebrated international superstar Maxi Priest both for his Sri Lanka concert and his forthcoming music video.
The International Aviation Academy (IAA) the training arm of SriLankan Airlines andmdash; the national carrier of Sri Lanka andmdash; proudly announces the launch of its first overseas operations on 15 August 2012.
With apologies to Francis Bacon whose quote is misquoted but not in essence of what he meant. Bacon’s comment that “reading maketh a full man, conference a ready man, and writing an exact man” is to be seriously looked at today in education and in practice where we appear to falter at every step of ...
As a Hilton Colomboandrsquo;s Blue Energy Community initiative, 20 scholarships were awarded to The Sri Lanka Institute of Tourism andamp; Hotel Management re-entry students for four Basic Level courses during the International Youth Week - 12 to 18 August.
Global Media Networks Ltd. (GMNet) has unveiled a Colombo Stock Exchange-based free game simulator VstoX Colombo Virtual Exchange (www.vstox.com) with a view of introducing a virtual simulation to investors on the Colombo Bourse’s activities for the first time in Sri Lanka. VstoX integrates the real life order placement system, commonly known as ATS (Automated Trading ...
The governmentandrsquo;s intervention in industry should be focused on areas in which Sri Lanka has a comparative advantage and the development of the investment climate of the country is vital for industrial growth, opined International Finance Corporation (IFC) Country Manager for Sri Lanka and the Maldives, Adam Sack.
Now read local and international news headlines from your mobile device from the comfort of your home or on the go as Sri Lanka’s premier connectivity provider Dialog Axiata PLC is offering its subscribers to catch the daily headlines on the go via MMS Newspaper from The Daily Mirror.
andlsquo;Sri Lanka Plastandrsquo; International Plastic Exhibition was held at Sri Lanka Exhibition and Convention Centre (SLECC) Colombo on 10, 11 and 12 August 2012.
The rollout of broadband in Sri Lanka was pioneered by the country’s national telecommunications provider, Sri Lanka Telecom (SLT), which counts over 300,000customers in the country for its fixed broadband service. Also the company played a crucial and significant role as the infrastructure facilitator for the country’s mobile broadband boost. Over the years, SLT has ...
Unacceptable employee conduct comprises a number of behaviours and sometimes volatility levels. An employee may be having a bad day and snap at co-workers and bosses. Another employee may be going through problems at home and is late for work or absent frequently. There have been instances where some employees felt that it was acceptable ...
Following is the text of the letter written by good governance activist Chandra Jayaratne to Chairman of the Committee on Public Enterprises (COPE) D.E.W. Gunasekera with regard to the Securities and Exchange Commission and capital markets. 14th August 2012. Hon. D.E.W. Gunasekera M.P. Chairman, COPE, Parliamentary Complex, Sri Jayawardhanapura, Kotte. Dear Sir, The priority ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
Cantaloupe Aqua, a private hotel and beach club, was recently featured in the UK’s Sunday Times Travel Magazine as one of the top 50 ‘Unbelievable Hotels Under £100’. Named among some of the top hotels around the world, Cantaloupe Aqua was the only Sri Lankan hotel to make it into the top 50. The Sunday ...
Family members of six Sri Lankan sailors who are still being held hostage aboard the MV Albedo launched a nationwide appeal on Monday in a bid to raise enough money to free their loved ones as the Government has made no attempt to assist them. The sailors are among 15 crew still being held captive ...
Presently Sri Lankan software has been exported to regions such as North America, EU, Australasia and East Asia. With the recent global financial slow down, most of the matured software markets are not as vibrant as earlier for the software products and services. Considering this fact, EDB has identified developing regions of the world as ...
‘Readiness to succeed by breaking barriers’, a roundtable on the opportunities and challenges facing Sri Lanka’s Finance and Accounting Outsourcing (FAO) industry, will be held on 2 August at King’s Court, Cinnamon Lakeside. Sri Lanka, with its pool of qualified accounting professionals second only to the UK’s in size, is in an ideal position to ...
Sri Lankaandrsquo;s first-ever international plastics exhibition, to be held on 10, 11 and 12 August at the Sri Lanka Exhibition and Convention Centre, will provide an opportunity for local entrepreneurs to witness firsthand the enormous potential for plastics manufacture and members of the local industry to adopt new technology used globally for plastics production, the Plastics and Rubber Instit...
Sri Lankaandrsquo;s Banking Watchdog andmdash; Central Bank said with the successful completion of the US$ 2.5 billion Standby Arrangement (SBA) facility extended by International Monetary Fund (IMF), the country now has sufficient funds, but would like to have an elite anchor in the alternative in order to endorse economic management in todayandrsquo;s global conditions.
New Delhi : Sports broadcasting major, ESPN STAR Sports on Sunday said it has bagged multi-year broadcast rights for exclusive coverage of the Sri Lanka Premier League (SLPL) in India. The first edition of the T20 league will be played in August 2012. No financial details were disclosed. The multi-year deal includes a minimum of ...
In order to uplift Sri Lankan Cinema it is vital to match up to the International standards and technology plays a key role in this venture.
Sri Lanka will begin talks for fresh loans with the multilateral donor body- International Monetary Fund (IMFF) for an 'Extended Fund Facility', countryandrsquo;s banking watchdog- Central Bank of Sri Lanka, said following the receipt of the ninth and final tranche of US$ 2.5 billion Stand By Arrangement (SBA).
A special seminar on international education and global careers in finance has been jointly organised by Northwood University (USA) and ANC. Guest speakers from education and industry will introduce both O/Level ad A/Level students and their parents on how to best prepare for top jobs in finance. Seminar details are as follow: It’s all about ...
Gearing up to grab international attention with new song ‘Game Over’Q: What’s happening on your end, Yashan? A: Well I’m working on my third studio album these days. I will be releasing a brand English new song this weekend titled ‘Game Over’. I am also in the process of producing a song for Shanudrie, one ...
The Central Bank of Sri Lanka is hosting the inaugural SAARC Public Debt Managersandrsquo; Forum on 19 and 20 July 2012 at the John Exter International Conference Hall, Central Bank of Sri Lanka, Colombo.
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...