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Differences of opinion are normal It is not unusual for one to find instances where there is a difference of opinion as to how one sees oneself and how others see him. Such differences invariably lead to hurling charges at each other and even making counter-charges to prove that the original opinions expressed had all ...
REUTERS: Former New Zealand captain Daniel Vettori has declared himself available for the Black Caps’ World Twenty20 campaign a year after bowing out of cricket’s shorter formats to prolong his test career. The 33-year-old all rounder played his last Twenty20 international in May 2010, but is likely to stroll into New Zealand’s squad for the ...
Women play many roles in the lives of any individual, be it as a mother, sister, daughter or wife and should be given the credit and respect they deserve from society. Women face many hardships today in the event of the death of their husband, as the security of the family stands at stake. As ...
The Sri Lanka Banks’ Association (SLBA), which represents the licensed banks operating in Sri Lanka, in a statement, said yesterday that it was concerned over the statement made by Standard and Poor’s. SLBA said S&P’s statement was issued on 20 June, where attention was drawn to concerns over credit risk in the banking industry. Concerns ...
Calls for Govt. to table details of investments in listed securities from January 2010 to April 2012 Says the two funds and Central Bank come under Finance Ministry and accountable to Parliament In a strong move, Opposition Leader Ranil Wickremesinghe yesterday urged the Government to table in Parliament full details of all investments in listed ...
The 23rd annual Nexia International Asia Pacific Conference will take place in Colombo on 6 and 7 July under the theme ‘Strategies to prepare for the development in the Market’. Chief Guest and Key Note Speaker at the opening ceremony on 6 July will be given by Central Bank Governor and Institute of Chartered Accountants ...
By Cheranka Mendis NDB Group yesterday introduced full service investment banking operations with the re-launch of Capital Development and Investment Company (CDIC) under a new corporate identity as NDB Capital Holdings Plc. NDB Capital Holdings CEO and Director Vajira Kulatilaka (second from left) addresses the media yesterday. Others from left are NDB Capital Holdings Chief ...
WOKE up as usual to a nursery rhyme. The Bread Man, who blares the same old tune over a megaphone every day, runs two jobs; one of waking up Sri Lanka, a job coercively collared from the rooster and the other selling bread and buns. The ice cream man comes later on in the day, ...
A new social contract between Government and the people The Friday Forum comprises a group of concerned citizens who have come together to consider current issues of public interest with a view to making meaningful contributions towards peace, democracy, good governance and social justice in Sri Lanka. The recent attack on the Dambulla Mosque is ...
President of the UNCSD, Secretary General of the UN, excellencies, ladies and gentlemen, it is indeed a great pleasure for me to be here in Rio de Janeiro and to share my thoughts at this momentous event. The presence of so many Heads of State and Governments, Senior Ministers, Officials and thousands of members of ...
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard
As Sri Lanka-Japan bilateral discourse completes 60 memorable events, Japan has become our seventh largest international trade partner. “The total bilateral trade turnover between the two nations has grown to $ 1,250 m in 2011. Japan, our seventh largest trade partner in 2011, has always been a key trading nation as well as a generous ...
By Cheranka Mendis Several French institutions are exploring prospects to offer energy efficiency solutions to the booming construction sector in Sri Lanka. At a key industry forum organised by the Trade Commission of the French Embassy Yesterday, seven French companies along with French Agency for Environment and Energy Management (ADEME) Energy Expert Robert Angiletti and ...
By Sachin Ambekar, Chief Creative Officer, Leo Burnett Solutions Inc. in Cannes The third day at Cannes Lions International Festival of Creativity, the worlds largest advertising festival was one of the most memorable ones to date! It was the best day for Leo Burnett Sri Lanka as we came to know that we won the ...
With a focus in the ‘provision of effective business solutions’, Peercore IT is an Australian-based company that specialises in the “design and implementation of strategic business information systems. The company’s fully-fledged branch office in Sri Lanka leads the way in developing systems and solutions for a variety of industries including solutions for Customer Re...
The Sri Lanka Economic Summit scheduled to take place from the 10- 12 July 2012 in Colombo will have a dedicated session on “Skills & Productivity to compete in the Global Market.” Prof Tissa Vitharana, Senior Minister for Scientific Affairs and Dr. Nisha Arunatilake, Research Fellow, Institute of Policy Studies will deliver the keynote addresses ...
In this changing global scenario where developing countries can no longer depend on their traditional developed markets for export incomes, economists, trade experts and international agencies advocate regional integration as a better option for developing countries to divert their exports. But this option also has its limitations as seen by the limited success of trade ...
Standard and Poor’s yesterday fired a fresh warning on Sri Lankan banking system, relegating it to a risk prone grouping that includes Nigeria. Standard & Poor’s Ratings Services said it has assigned Sri Lanka to its Banking Industry Country Risk Assessment (BICRA) group ‘8’. At the same time, it assigned an economic risk score of ...
Top economist and public servant R.A. Jayatissa has recently assumed duties as the Chairman of Sri Lanka Insurance Corporation. Previously the SLIC Chairmanship was held by President’s Chief of Staff Gamini Senerath. Jayatissa, an economist, was the Deputy Secretary to the Treasury and Senior Economic Policy Advisor to the Ministry of Finance and Planning. He ...
Shenzhen Tenda Technology Co. Ltd., a leading developer, manufacturer and marketer of consumer network devices is making inroads into the Sri Lankan market in partnership with Network Communications Ltd. (NETCOM), which is a part of the Adam Group of Companies, a leading player in the Sri Lankan computer industry. As part of its Sri Lankan ...
In the first five months of 2012, HSBC has broadened its global renminbi (RMB) network coverage to 59 markets with RMB Trade Settlement capabilities. The recent launch of RMB Trade Settlement services in Jordan further consolidates HSBC’s position as the leading international RMB bank and complements its existing RMB Trade Settlement capabilities in 19 Asia-Pacific ...
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
Positive macro news and rumoured overhauling of SEC among other State entities trigger buying spree; some analysts insist rebound is due to attractive pricingThe Colombo Bourse on Friday shot up by over 100 points before losing some momentum, with the earlier development being linked by some analysts to positive macro news and a rumoured overhauling ...
7.2% by Govt. adjusted to 6.75%; puts inflation at 9.5% but lauds policy changes Confirms continued engagement being discussed, says more funds possible Final tranche of $ 2.6 b goes before IMF Board in July By Uditha Jayasinghe The International Monetary Fund (IMF) yesterday downgraded Sri Lanka’s growth prospects but insisted that its economic ...
Reuters: Sri Lanka may need to consider easing monetary policy if trade data for May and June point to significant weakness in global demand for the island’s goods, the Treasury Secretary told Reuters on Thursday. A further export slowdown would put additional pressure on the economy
A pledge of continued support to Sri Lanka’s tourism industry through award-winning air services was one of the highlights of the high profile formal opening of The Emirates Lounge at the Bandaranaike International Airport (BIA), Katunayake yesterday. Tim Clark, President of Emirates airline and Mohammed Mattar, Divisional Senior Vice President Airport Services joined Minister of ...
A seminar on assisting entrepreneurs on methods of ‘increasing business profitability and investment returns’ was held at the Lighthouse Hotel, Galle on 30th March 2012 hosting 30 participants and Swiss Residence, Kandy on 18 May with 50 attendees. The program reflected the urgent need to be better prepared for the challenging business environment and the ...
RIO+20 is the next focus point for the world and as President Mahinda Rajapaksa takes Sri Lanka’s concerns to this international forum, it is perhaps time for a larger discussion on its importance to a developing country as well as the world at large. Twenty years ago, it was mostly people who were displaced by ...
The main Opposition UNP yesterday charged that people are suffering due to the inequitable economic policies of the Government. The UNP said that the Central Bank has stated in its latest monetary policy review that “The policy measures adopted by the Central Bank and the Government during the period February to April 2012 to curtail ...
By Shanuka Tissera CEMS Global – Conference and Exhibition Management Services Ltd opened its doors to specialists within the power and energy sector with their latest international exhibition on power generation and transmission, PV power, energy and renewable energy. Minister of Industry and Commerce Rishad Bathiudeen inaugurates CEMS-Global USA’s 8th Power Sri Lanka 2012 Internation...