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Reuters: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA’s executive director said on Tuesday. Brent crude this week dropped to a 16-month low below $96 a barrel before recovering to around ...
KARACHI: Buoyed up after his match-winning show in Pakistan’s Twenty20 clash against Sri Lanka in Hambantota on Sunday night, Shahid Afridi is eyeing similar outings in the five-match One-day International series getting underway in Kandy from June 7. Playing his 50th Twenty20 International, Afridi hit a vital 52 and then bagged two key wickets to ...
The NSB/TFC deal and the General Recent events in Sri Lanka have reconfirmed that though seemingly power may be unlimited, there are in reality constraints which limit the options those in power have. As proof of this fundamental reality, the first event is the purchase by the National Savings Bank (NSB), a State-owned entity, whose ...
The Central Bank on Saturday issued a statement to set the record right in respect of the news item that appeared in some newspapers on 28 and 29 May 2012 under the caption ‘An amount of Rs. 3,450 million recovered by the Commissioner of Labour through legal action has not been credited to member accounts’. ...
The South Asian Mobile Conference 2012 is an important event in making the benefits ICT accrue to all, says ICT Agency of Sri Lanka (ICTA) Chairman Professor P.W. Epasinghe. Professor Epasinghe who is also Peradeniya University Chancellor and a Senior Presidential Advisor, said so while participating at the third South Asian Mobile Conference held in ...
WASHINGTON/LONDON (Reuters): The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise. In a shock that sent global equity markets into a dive, the U.S. economy added just 69,000 jobs in May, less than half what analysts expected ...
Kedalla 2012 andndash;andnbsp;Living in Styleandnbsp;Exhibition organized by the CEC Events (Pvt) Ltd., was held between 1 and 3 June at theandnbsp;Bandaranaike Memorial International Conference Hall (BMICH).
International Financial Reporting Standards (IFRS) was issued by International Accounting Standards Board (IASB). The International Standard setting process began long ago as an effort to Standardize and make easier to adopt by the developing and smaller nations which feel difficult to set and establish their own standards on Accounting and Reporting.
Gurgaon (IANS): India’s cricket captain Mahendra Singh Dhoni Thursday said Team India was open to play against arch-rivals Pakistan if the two boards agree to have a bilateral series in India. Pakistan Cricket Board (PCB) chairman Zaka Ashraf, who was invited to watch the IPL final between the Dhoni-led Chennai Super Kings and Kolkata Knight ...
Durban: A Sri Lankan shipping company that leased its cargo vessel, the Lanka Mahaphola, which is currently detained in Durban Harbour, South Africe over a wage dispute and safety regulations, has agreed to pay the disgruntled 26-man crew. Durban attorney Nalini Maharaj, who is acting on behalf of the owner of Triple S Shipping, a ...
TOKYO (Reuters): Asian shares and commodities slid while the euro fell to its lowest in almost two years against the dollar on Thursday, as surging borrowing costs in troubled Spain raised fears that it could fail to rescue its banks and may need to seek a bailout. Investors fled from risk assets to U.S. government ...
Reuters: Asian shares slipped on Wednesday, hurt by fears that Spain's banking woes will push up the country's borrowing costs to unsustainable levels although falls were limited on hopes that Greece would stay in the euro zone and for China stimulus steps. The euro also eased, with selling prompted by a rating cut of Spain's ...
Reuters: Italian professional soccer should be halted for two or three years to get over the match-fixing scandal which has spattered its image, Prime Minister Mario Monti said on Tuesday. The soccer federation and several clubs rejected the idea, which is Monti’s personal opinion and is not binding. The widening scandal has seen a number ...
Minister Bathiudeen was addressing the gala Star Awards 2011, the international scale packaging awards event in Sri Lanka held at the Cinnamon Grand on the night of 27 May to felicitate top innovators in the $ 1 billion packaging industry of Sri Lanka.
The inauguration of the World Packaging Organization endorsed andlsquo;LankaPack 2012andrsquo; International Packaging Exhibition was held recently at the BMICH Convention Centre in Colombo.
Ceylon FTandnbsp;conducted an interview with the Institute of Chartered Accountants of Sri Lanka President Sujeewa Rajapakse about the convergence of International Financial Reporting Standards (IFRS) with the Sri Lankan Accounting Standards (SLAS). The following conversation took place.
SINGAPORE (Reuters): China’s total in 2012, fuelled by demand from the automobile and other sectors, a senior rubber industry official said last week, despite a slowdown in the world’s second-largest economy. China accounts for 35 percent of global natural rubber consumption, and its appetite will have a major impact on the market, which has been ...
Reuters: Global rubber demand may fall slightly this year or stay flat from last year as a worsening debt crisis in Europe threatens commodities demand, an official of the International Rubber Study Group (IRSG) said last week. “I am pretty certain from the demand side, numbers will not be going up. They will either be ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
Sri Lanka has thrown open it $ 1 billion packaging sector for the vital SMEs. It also wants the packaging sector to enter exports sector targeting India and China. “Since the future of packaging, appear to head towards niche consumer markets, and our region’s major buyers India and China are demanding more and more packaging ...
Reuters: Sometime in the next few days of testimony in the prosecution of former Goldman Sachs Director Rajat Gupta, US Senior District Judge Jed Rakoff will probably take a moment to give jurors what he has described in previous trials as a “heads-up”. Rakoff will offer the jury a preliminary instruction on what insider trading ...
What is corporate governance? According to the World Bank Corporate governance is “the system by which companies are directed and controlled”. It involves the balance of powers among three key corporate constituencies: the board of directors, which is charged with monitoring, overseeing, and guiding the company; the shareholders, who invest their funds in the company’s ...
CHENNAI (TrustLaw): Indian villager Jaya places the bright pink, sequined, moulded C-cupped designer bra under the needle of her sewing machine and carefully stitches the seams together. The padded “Very Sexy” push-up bra which 22-year-old Jaya sews is for American lingerie retailer Victoria’s Secret – designed to give a “boost” to buyers in hundreds of ...
IT seems that the corruption in cricket is spreading to the rest of the sporting bodies in Sri Lanka. The 15th Asian Junior Athletic Championship 2012, which was scheduled to be held in Colombo from 9 to 12 June, has been cancelled by the Asian Athletic Association, the Sri Lanka Athletic Association said on Monday, ...
What is business writing? Business writing is one of the most important aspects of the business world. Writing is still one of the number one methods of communication in the world. With the introduction of email, writing became even more important in the work place. There are many different types of business writing. Each type ...
Central Bank of Sri Lanka yesterday vehemently denied allegations by United National Party (UNP) Parliamentarian and Economist Dr. Harsha de Silva that Employeesandrsquo; Provident Fund (EPF) was engaged in corrupt deals in the Colombo Bourse.andnbsp;
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 Employees’ Provident Fund (EPF) yesterday categorically rejected the statement allegedly made by an Opposition Member of Parliament as reported in several news papers on 15 May 2012, where the EPF has been accused of fraudulent transactions in the stock market. "Such statement, read in conjunction with several past statements of a similar nature made ...
Reuters: China’s premier called for additional efforts to support growth on Sunday, signalling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further in the second quarter. “We should continue to implement a proactive fiscal policy and a prudent monetary policy while giving more ....
Central Bank of Sri Lanka today denied allegations by Dr. Harsha de Silva that Employeesandrsquo; Provident Fund (EPF) that it was engaged in corrupt deals in the Colombo Bourse.