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Globe Mirror Industries (GMI), the first tempering plant to be established in Sri Lanka in 1969 has been awarded ISO 9001:2008 certification, a clear indication of its growth and credibility in terms of maintaining a high standard of quality throughout the years. GMI was started by late Mohammed Nawaz and has since grown to be ...
Mobitel, the country’s state owned mobile communication company intends to play a key role in national information and communication technology (ICT) transformation. It is going through an organisational revitalisation process in order to gear up to make a greater contribution towards national transformation led by President Mahinda Rajapaksa. Under its ‘Change to Lead.Now’ organ...
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 ...
Sincere apologies, Hamlet! This distortion is to highlight the current impasse and to stress the need for thinking beyond short-term situational measures. The impasse is in getting the public university system going and in dealing with demands without forgetting that there is a nation in waiting and the vision for it involves that it should ...
Why the Government should listen to the demands of university academics Sri Lanka is experiencing the dividends of peace at the moment. The Sri Lankan economy has expanded by a healthy growth rate of 7.9 per cent during the first quarter of this year, from the same period a year earlier
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
Emirates is offering its passengers star-class accommodation in Dubai from just US$40 per person per night, valid over a whopping 12 months – from November 2012 to October 2013. Available to all Emirates passengers regardless of class of travel, the amazing Emirates Dubai Stopovers promotional offer encompasses a series of exceptional value-added packages for the ...
Presented in partnership with Sri Lanka Design FestivalThe Young Creative Entrepreneur Design and Fashion Award is a British Council initiative offered in partnership with the Sri Lanka Design Festival. This award, originally titled the Young Fashion Entrepreneur Award was revamped this year to include both the ‘Design’ and ‘Fashion’ sectors. The award seeks the ...
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion
NDB Investment Bank Limited (NDBIB) was adjudged the ‘Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euromoney, the world’s premier financial markets magazine. This is a historical achievement for NDBIB as well as the country since it is the first time Euromoney has ever recognised an investment bank in ...
Third batch of students graduate in TangalleThe third batch of 23 students, trained in hotel operations under ‘Jeevana’ Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on 9 July. MP Namal Rajapaksa was the chief guest at the ceremony. Initiated in September 2010, ‘Jeevana’ Livelihood Development Program endorses NDB’s ...
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
Recent newspaper advertisements heralding the birth of a sports economy is indeed good news for sportsmen in general and sports entrepreneurs in particular. Tax exemptions that serve as attractive incentives are a much awaited step in the right direction for a small nation who has time
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...
The Sri Lanka Institute of Marketing (SLIM) at its 42nd annual general meeting elected a new Executive Committee for the ensuing year. President Tilan Wijeyasekera pledged to continue the SLIM traditions built up over the past four decades and work to a planned programme setting goals and objectives which can be achieved in the course ...
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
The three winners of Sri Lanka Science and Engineering Fair (SLSEF) 2011 – Chathura Saman Kumara from Pinnawala Central College, Rambukkana, Maleen Wijeratna from Maliyadeva College, Kurunegala, and a team comprising Pipunika Vimanthi Silva and Nipun Kavishka Silva from De Mazenod College, Kandana – will travel to Pittsburg, PA in the USA to represent Sri ...
NDB‘s contribution to infrastructure development has been substantial during the last three decades. Having garnered the experience and expertise to cater towards the development process in Sri Lanka, NDB continues to focus on this vital component providing the necessary support that will help towards economic development in the country. NDB CEO Russell de Mel says, ...
The important role Life insurance can play in a modern economy was emphasised by a top international economist when life insurance leader Ceylinco Life recently honoured 250 top achievers who contributed to the company’s stellar growth in 2011. Addressing the 23rd Ceylinco Life Achiever’
When one saw recent pictures of a fit and energetic Chief Executive of Sri Lanka Inc. dashing downfield with a football, for a moment many would have wondered if football in Sri Lanka had indeed found a new sponsor, the State itself! But with the Minister of Sports watching intently, we were soon to realise ...
Parliamentarian Namal Rajapaksa was an invitee panellist at the prestigious India Today Conclave 2012 held in New Delhi from 16-17 March 2012. The India Today Conclave, which is held annually, has seen the participation of leading Indian and international personalities such as Shah Rukh Khan, Mohamed El Baradei, Sarah Palin, Dominique De Villepin, Union Minister ...
By Cheranka Mendis With a membership of 107 top entrepreneurs of the country – among which close to 200 leading organisations is managed providing employment close to 250,000 people – the Chamber of Young Lankan Entrepreneurs (COYLE) is a unique and highly valuable organisation to the country. Taking the mantle of the Chamber from K.H. ...
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
Some important issues for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over: Stiglitz believes that the austerity plans in the EU nations, especially by the debt ridden poorer nations of the group is akin to a collective suicide pact and is an act madness promoted and enforced by ...
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling
The Range Rover Evoque, Land Rover’s sensational new SUV – a car that won 34 international awards in the three months after its first production model came off the line in September 2011 – has arrived in Sri Lanka. The smallest, lightest, most fuel-efficient Range Rover ever produced, the Evoque has been described as ‘one ...
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...