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By Cassandra Mascarenhas Offering an insightful view into international trade law and electronic transactions across borders, the second and final day of the regional expert consultation on connecting Asia-Pacific’s digital society for building resilience organised jointly by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the ICT Agency of ...
As opposed to a 10-place jump in the previous year, Sri Lanka has suffered a 16-place relegation in the latest Global Competitiveness Rankings list released by the influential World Economic Forum (WEF) yesterday. Sri Lanka’s rank of 68th place out of 144 countries surveyed from 52nd place in the previous year was despite the overall ...
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
By Cassandra Mascarenhas Bridging the digital divide in the region and aiming to boost sustainable development through the ICT revolution that is now unravelling in the world, of which the Asia Pacific has been a key beneficiary, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the ICT Agency of ...
Lanka Exhibition and Conference Services (LECS) won the Tourism Award for the Best Professional Exhibition Organiser, for the fourth consecutive year at Tourism Awards 2011. LECS was the winner of the prestigious awards for the past three consecutive years resulting in the company being inducted into the Hall of Fame. The organisation, which has a ...
By Cheranka Mendis Bringing the flavours and colours of Malaysia closer to home, Taj Samudra hotel will host food festival and cultural presentation this month during the ‘Malaysian Indulgence’ festivities at Latitude restaurant. Held in conjunction with Malaysia’s 56th National Day, ‘Malaysian Indulgence’ will take place from 7 to 16 September featuring the cou...
Commending the considerable role played by Sri Lanka Missions overseas in the field of promoting Tourism, the Sri Lanka Tourism took steps to create a new category of tourism awards for Sri Lanka Missions in promoting Tourism for the year 2011, among its newly introduced 21 award categories. Accordingly, the Sri Lankan Embassies in Russia, ...
The much-longed-for monsoon rains are lashing at the capital Colombo and other parts of the south west as Sri Lanka gears up for yet another provincial election and international challenges pertaining to its post-war accountability and reconciliation plans in the days and weeks ahead. The much-longed-for monsoon rains are lashing at the capital Colombo and ...
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 ...
Sri Lanka being a developing country with mixed economic sentiments, an ordinary layman might find it difficult to be optimistic about the prospects for local as well as for the global economy. Every country is influenced by the global economic situation, and hence every person
IFS AB – The Global Enterprise Applications Company started its South Asia regional operations headquartered from Colombo in 2002 and since then has expanded its presence from Sri Lanka to Pakistan and Bangladesh. IFS is also looking at Maldives and Nepal in the near future. In a recent interview, Asanga Marasinghe – Country Director for ...
The launch of Piaggio BOSA, manufactured in India using ultra-modern Italian technology, was held at Waters Edge recently. Introduced to the market by Associated Motorways Ltd (AMW), the distinctive features of Piaggio Bosa and the warm reviews it received from Dealers, amply demonstrated its capability to revolutionise the automotive trade. The launch ceremony of Piaggio ...
Government agencies are among the most complex organisations in nearly every country in the world. They often are large, have multiple objectives, and face increasing demands to deliver more services at a lower cost. As a result of this complexity, a government is faced with many organisational issues, including: redesigning their organisations and their interaction ...
SRI LANKA’S rubber industry is wary over the possibility of increased prices as the world’s top producers gather to stabilise global prices this week, raising age old questions over productivity, replanting, value addition, technology infusion and a host of other issues. The Three-Nation Rubber Products International Conference in Bandung, Indonesia, this week will see ...
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
The Central Bank of Sri Lanka is hosting the 22nd Asian Credit Supplementation Institution Confederation – Annual Training Program (22nd ACSIC – ATP) on 03rd and 04th of September 2012 at the John Exter International Conference Hall, Central Bank of Sri Lanka, Colombo. Central Bank of Sri Lanka has been a member of ACSIC from ...
SINGAPORE (Reuters): Asian gasoil prices remained supported on Monday as spot demand emerged from Sri Lanka and the Philippines, traders said. Gasoil cracks slipped by 14 cents to $19.91 a barrel while September prices increased more than October gasoil prices in the derivatives market. Sri Lanka’s Ceylon Petroleum Corp. is seeking 300,000 barrels of gasoil ...
The Planters’ Association of Ceylon, the representative body of the island’s corporate plantation sector lauded the Regional Plantation Companies (RPC’s) which secured awards at the first ever National Plantation Awards held at Temple Trees recently. The ceremony saw a total of 86 outstanding performers including smallholders, manufacturers, exporters and RPCs receive awards from...
NAIROBI (Reuters): Kenya’s horticulture export earnings are expected to grow by 10%this year thanks to above-normal rainfall, but the eurozone’s financial woes were expected to dampen demand for flowers, a senior industry official said on Monday. Horticulture is one of the east African country’s leading sources of foreign exchange alongside tea exports and tourism. The ...
A recent briefing for the press on a recent cabinet meeting and the decisions taken referred to the introduction of legislation to regulate microfinance institutions to ensure financial stability in that sector. This is the third attempt to have draft legislation prepared. The first attempt was totally rejected by stakeholders in the microfinance sector. At ...
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy
Suspicion exists that Sri Lankaandrsquo;s economy will be adversely affected by entering into the Comprehensive Economic Partnership Agreement (CEPA) with India, states a recent report released by Asia Wealth Management Research. The full text of the report, which explores the extent
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...
Sujani Gamage from University of Uva Wellassa wins HSBC Youth Enterprise Award 2012By Devin Jayasundera HSBC in partnership with British Council hosted the HSBC Youth Enterprise Awards 2012 in order to recognise and promote the entrepreneurial culture among the younger generation of the country. This competition which is a ‘Business Plan Contest’ was held for ...
The Perceived Economic Opportunity Index (PEOI) declined sharply in July to one of its lowest values in the last twelve months having plateaued after the rise following the previous drop precipitated by the Valentine season price increases. The Index compiler, the Foundation for Economic Freedom in Sri Lanka (FEFSL), said in the background of the ...
United Motors Lanka PLC (UML) recently introduced the Valvoline diesel synthetic 5W-40 to the Sri Lankan market. The diesel synthetic 5W-40 is formulated with high-quality synthetic base stocks and a boosted additive system. The diesel synthetic 5W-40 boasts hi-performance synthetic technology that meets the stringent demands of modern diesel engines, including those built on ...
Chevron Lubricants Lanka PLC, the pre eminent marketer of leading lubricant brands Caltex, Havoline, Delo and Lanka, has embarked on a mega health camp series for the residents in major coastline areas in the North, East and South regions of the country. The first medical camp sponsored by Caltex this year was recently held in ...
We cannot afford free education and there is no case for the public to subsidise free education at the university state in particular, since the gains to the individual exceed any gains to the economy. The gains, except in the engineering and medical faculties, are low from an economic
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
Taking into account more people travelling between Sri Lanka and India, SriLankan Airlines is adding three more flights between Colombo and Trivandrum bringing the total to 10 flights a week, effective from today. India has always remained a key market for the airline and a top revenue contributor. The geographical placement of Sri Lanka has ...