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An estimated 150,000 acres of paddy will be affected by the ongoing drought and thousands of people will be directly affected by their crops failing. The numbers that are filtering through are shocking and causing worries not only for the Government but the public in general. The drought has resulted in hydro electricity generation dropping ...
Tourism is very much in the news and targets are being bandied around. A magic number plucked from the air of 2.5 million tourists by 2015/16 is often quoted. All this suggests that tourism will see a sustained explosion in growth. What is the truth? Is it fast growth or slow burn? What are the ...
Last week I was on the Air Force flight on route to Jaffna for a meeting with 52 investors who wanted to invest in the first industrial estate in the Northern Province – Atchchuveley. In my hand were the key sites that one can visit in Jaffna as a tourist. The first thought that struck ...
After 12 years of operation, Finagle Lanka (Pvt) Ltd. has broken new ground in the launch of its innovative range of andldquo;ready-to-bake frozen dough,andrdquo; a boon to commercial food service providers. The pioneering venture was the culmination of a rich story of dedication, persistence, vision and hard work, which marks a milestone for the company and optimally positions it for future growt...
Hitachi Data Systems (HDS) recently launched their new andlsquo;Hitachi Unified Storageandrsquo; system at the inaugural andlsquo;Hitachi Information Forum Sri Lanka2012andrsquo;, held at Cinnamon Lakeside.
''Librarians have an important role to play in the eSri Lanka initiative'', says ICTA Chairman, Senior Presidential Advisor and Peradeniya University Chancellor Professor P.W. Epasinghe.
Women in Management (WIM) organized andlsquo;Professional andamp; Career Women Awards-2012andrsquo; to felicitate exemplary women who had made a mark in the Sri Lankan society.
The Standard and Poorandrsquo;s (Sandamp;P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable.
Luxury condominium development in Sri Lanka emerged in popularity in the early part of the last decade. Luxury apartments were considered the most reliable investment option by Sri Lankan top-end investors as well as expats living in Australia, USA, UK and Canada.
Sri Lankaandrsquo;s first exclusive event-destination mall known as Ronan International Centre (RIC) which spans 68,000 square foot is set to re-launch itself starting this July to give customers a shopping experience unlike any other.
CeySail Cruises (Pvt) Ltd., which distinguishes itself as the first commercial entity in Sri Lanka to offer cruises on sailing yachts has committed US$ 1 million for the purchase of three sailing yachts and plans to invest a further US$ 10 million in the future, the company announced recently.
Lack of productivity among the members of the public sector of Sri Lanka can be attributed mainly to the bureaucratic mindset that prevails among its members, a well-known academic stated recently.
Reuters: The United States and European Union have raised concerns over media freedom in Sri Lanka after police shut down two anti-government news websites, a move press groups said was intended to intimidate critics of President Mahinda Rajapaksa. Sri Lanka is already under heavy pressure to address rights issues after a US-backed UN resolution was ...
To see the abundant wildlife in four national parks, Sharon Ng Kooi Kin endures driving on what passes off as roads New Straits Times: WE don’t go on one safari in Sri Lanka. We go on four in 12 days! Our bones are shaken and rattled out of joint, even as our eyes feast on ...
SYDNEY (Reuters):Australia will play Afghanistan for the first time next month in what is likely to be a one-day international in the United Arab Emirates, Cricket Australia (CA) said on Monday. Full details of the match, including the format, have yet to be finalised, CA said in a news release, but the Australians view the ...
Ceylon FT recently met with Cathay Pacific Airways Country Manager for Sri Lanka and the Maldives, Edward Coles-Gale. In this interview Coles-Gale elaborates on the present status of Cathayandrsquo;s operation in Sri Lanka, the impact of the increase in the number of tourists visiting the island on the airline, Cathayandrsquo;s strategy to overcome increasing competition and how realistic Sri Lank...
Ceylon FTandnbsp;today discussed with Professor Dr. Kennedy D. Gunawardana Professor of Accounting Information Systems and Chairman of the Board of Management, Studies Faculty of Graduate studies, University of Sri Jayawardenepura, Nugegoda, Sri Lanka the Financial Statement Analysis of Royal Ceramics Lanka PLC in perspective.
Sri Lankaandrsquo;s banking industry was on the right track, was the opinion majority of bankers whomandnbsp;Ceylon FTandnbsp;interviewed to gain insights on this matter.
A top level Sri Lanka Ports, Trade and Logistics conference and exhibition will be held from 10 to 11 July at Colombo Hilton, organised by industry specialists Seatrade. The multi-stakeholder sponsored and endorsed event will showcase commercial opportunities and development of South Asia’s new maritime hub and logistics centre – Colombo and Sri Lanka. Seatrade ...
US imports from SL up 30% in the first 1Q of 2012“This vital announcement comes at a time when Sri Lanka and the US have embarked on a journey to further consolidate our multifaceted relationship,” Sri Lanka’s Ambassador in the US Jaliya Wickramasuriya said, adding that US imports from Sri Lanka in the first three ...
The Sri Lanka Press Institute has organized a panel discussion on preventing human smuggling and trafficking from5pm -6.30pm on Monday 2nd July 2012 at the auditorium of the Sri Lanka Press Institute #96, Kirula Road Colombo-05. The panelists include: Mrs.Kamalini de Silva-Secretary, Ministry of Justice, Managala Randeniya-General Manager ,Sri Lanka Bureau of Foreign Employment, Ajith ...
The United States Embassy in a statement said it was closely following the case of the Sri Lanka Mirror and Lankaxnews, including the arrest of nine individuals associated with those websites. “We have raised on several occasions our deep concern over efforts to suppress independent news media, including the blocking of news websites, intimidation, and ...
Main opposition United National Party (UNP) parliamentarian Mangala Samaraweera is to file a fundamental rights (FR) petition against last Friday’s raid on two news websites, Sri Lanka Mirror and Sri Lanka X News. Samaraweera told the media yesterday that he would file the petition before court this week. He said that nine members of Sri ...
An innovative group of Sri Lankan youth andndash; Team V360, has come forward with an innovative solution to help make our planet sustainable - Back2Earth.
The Junior Chamber International Sri Lanka (JCI Sri Lanka) will hold the Ten Outstanding Young Persons (TYOP) of Sri Lanka Award 2012, on 19 September at Waters Edge for the 32ndandnbsp;consecutive year.
The Construction EXPO 2012 jointly organized by the Ceylon Institute of Builders (CIOB) and Lanka Exhibition Conference Service (LECS) was inaugurated yesterday (29 June 2012) by Minister of Construction, Engineering Services, Housing and Common Amenitiesandnbsp; Wimal Weerawansa. Construction EXPO 2012 will continue until 1 July 2012 at BMICH.
Accessing social media and browsing the internet on your phone, in Sri Lanka, just became easier and more affordable with the new Nokia 110.
Sri Lankaandrsquo;s leading innovative group of companies andndash; Micro Holdings, launched the latest Everdigm Concrete Pumps - ECP 60CS-5 long boom range concrete pump, for the benefit of the countryandrsquo;s booming construction industry.
Merchant Credit of Sri Lanka Limited (MCSL) is a Licensed Finance Company in Sri Lanka which is jointly owned by premier state commercial bank, Bank of Ceylon (BoC) and pioneering local investment bank, Merchant Bank of Sri Lanka (MBSL).
Sri Lanka's capital market watchdog- Securities and Exchange Commission (SEC) has sought views on plans to grade initial public offers through a rating agency and fund independent research, following best practices in other markets.