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LONDON (Reuters): Britain’s budget deficit widened to the biggest on record for any August, data showed on Friday, a day after the central bank chief said missing its debt goal was acceptable for the government. Public sector net borrowing excluding financial sector interventions rose to 14.410 billion pounds from 14.365 billion in August 2011 as ...
Pakistan, a team with fantastic pedigree at the ICC World Twenty20s; New Zealand dependent on one or two key players – usually good for a scrap, but not always a serious contender against the big teams. The two sides played to reputation at the Pallekele International Stadium on Sunday afternoon, where some solid hitting in ...
Reuters: Formula One cars will continue to swerve around the skyscrapers of Singapore for the next five years after the government agreed on Saturday to help cover the S$150 millioncost of hosting the unique night race. There had been some doubt about the future of the event, the only night race on the calendar, as ...
Reuters: Passenger jets could be chomping on straw or flying on fuel extracted from sawdust in coming years as the search widens for cleaner alternatives to kerosene, French scientists say. The “ProBio3” project, started in early July and co-financed by a French government economic stimulus programme, aims to use traditional horse-bedding materials to develop a ...
Etihad Airways may pick up a minority stake in India’s Jet Airways after the government liberalised rules for foreign ownership, it has been reported. Shares in Jet Airways surged on Thursday on reports that it was in talks with the Abu Dhabi flag carrier over a possible deal. Media reports suggested Etihad was interested in ...
Airbus’ latest Global Market Forecast (GMF) identifies a need for some 28,200 passenger and freighter aircraft (of 100 seats or more) between 2012 and 2031 worth nearly US$4 trillion, reconfirming an upward trend in the pace of new aircraft deliveries. Of these over 27,350 will be passenger aircraft valued at US$ 3.7 trillion. According to ...
DP World, UAE Region last week signed agreements with local and international companies for the supply of 19 Ship To Shore (STS) quay cranes and 50 Rail Mounted Gantry (RMG) cranes for its four million TEU (twenty-foot equivalent unit) capacity Terminal 3 development at the flagship Jebel Ali Port. The new container terminal will be ...
More than 600 key air transport stakeholders will take part in the second World Passenger Symposium to be hosted by International Air Transport Association (IATA) in Abu Dhabi next month. The event, from 16-18 October at the Jumeirah at Etihad Towers Hotel, will draw participants from airlines, airports, the supply chain and governments, from across ...
t-sips powered Sri Lanka Schools National Rowing Championships comes to an end Four days of spirited rowing by 14 schools culminated with Ladies College winning 14 medals (6G, 7S, 1B) and Royal emerging winner of the Boy’s category with 13 medals (5G, 4S, 4B). In the girls section, Ladies College dominated the U14 and U18 ...
He’d rather score a duck in a win than a fifty in a loss, says Bangladesh batsmanBangladesh’s Nasir Hossain took no pleasure from his side’s 59-run ICC World Twenty20 defeat against New Zealand despite impressing with the bat in Pallekele. The right-hander hit 50 off 39 balls in Bangladesh’s forlorn pursuit of New Zealand’s ...
Members of the New Zealand and Bangladesh teams trained with 12 players from the runner-up teams of the Murali Harmony CupFor 12 players from Central College of Anuradhapura and Maliyadeva College of Kurnegala cricket teams, 19 September was a big day in their lives. The chosen 12 from the two teams which finished runner-up at ...
Smart Media – The Annual Report Company was last week declared as the winner of the prestigious Platinum Achievement Award for annual reports worldwide at this year’s ARC Awards in New York City. It is the second time that Smart Media has bagged the Platinum at the ARC Awards – a de facto recognition as ...
$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
Saskia Fernando Gallery and Breese Little Gallery will host a dual exhibition of drawings by Chandraguptha Thenuwara and Jagath Weerasinghe, staged simultaneously in London and Colombo during the next couple of weeks. Titled ‘Drawings’ the exhibitions will present Thenuwara and Weerasinghe’s negotiations of this medium, investigating drawing as a site to negotiate boundaries, pol...
In clear signs that Sri Lanka’s trade with India is set to grow further and recent noise about Sri Lanka in Tamil Nadu has almost no impact on the surging Business-to-Business (B2B) linkages, a 45-member strong biz delegation led by S. Rethinavelu, Senior President of the Tamil Nadu Chamber of Commerce and Industries (TCCI) is ...
Khaleej Times: Sri Lankan efforts to increase its export of skilled workers to the UAE were the topic of discussion in a gathering of diplomatic officials at an overseas employment promotion seminar held on 13 September. At the event, officials addressed local recruiters and employers on the procedures and benefits associated with hiring workers from ...
Hilton Colombo celebrated the International Housekeeping Week with various events taking place from 10 to 14 September. Playing a vital role in the hospitality industry the housekeeping department keeps the rooms shining. International Housekeeping Week is celebrated within the chain of hotels across the globe to recognise the hard work the team members put in, ...
By Rashika Fazali Dubstep is a growing music genre. It’s best described by a well-known website, AllMusic as: “Tightly coiled productions with overwhelming bass lines and reverberant drum patterns, clipped samples, and occasional vocals.” If absorbing this piece of musical information was hard, try dancing to this music. You will be puzzled but for these ...
US Ambassador to Sri Lanka Michele J. Sison handed over fishing supplies to 130 families in Kallar, Kilinochchi on Thursday. This donation, through the US Embassy’s development arm, United States Agency for International Development (USAID), is part of a larger initiative of partnering with families in conflict-affected areas, bringing dignity back to their communities. Although ...
By Shanuka Tissera The Serendib Educational Foundation (SEF) provides financial support to talented students who have excelled in their secondary education and have the ability and skills to reach greater heights as they pursue higher studies. The 20th anniversary celebration took place at Cinamon Lakeside where the SEF proudly launched their latest website for both ...
Excel World Entertainment Park (EWE) – formerly known as Excel World – now a fully owned subsidiary of Browns Investments PLC, offers the whole family a one-stop wholesome entertainment spot in the hustle bustle of Colombo 10, one of the busiest areas in the City. In addition to a well orchestrated entertainment package, facilities for ...
SriLankan Airlines established its presence in the most bustling district of the Southern Province, Hambantota, with the opening of a new sales office on Friday, 21 September. The branch office will facilitate travel formalities to a large clientele in the south-eastern coast area. The modern facility is equipped to handle reservations, ticketing, Prepaid Ticket Advices ...
The Central Bank of Sri Lanka (CBSL) recently provided a Technical Assistance (TA) to the Maldives Monetary Authority (MMA) aimed at developing foreign reserves management skills of the Maldivian Central Bank. This program helped to build MMA’s institutional capacity to formulate foreign reserves management policies and procedures and to manage its foreign reserves so as ...
Brendon McCullum’s blistering century in 51 balls helps New Zealand beat Bangladesh by 59 runsConsidering the run-up to the ICC World Twenty20 2012, Bangladesh and New Zealand would have been considered equals. But then, when someone like Brendon McCullum gets it right, which isn’t often enough to make New Zealand a top contender, no opposition ...
Mahela Jayawardena stopped short of saying his team might tinker with its combination for the South Africa match on Saturday. Jayawardena said Sri Lanka would leave the decision on the playing eleven till the last moment, but reiterated that the team would not be taking the game lightly simply because it had already qualified for ...
Reuters: Lionel Messi proved that anything Cristiano Ronaldo can do he can do better when he struck twice for Barcelona to rescue a 3-2 comeback win for the favourites at home to Spartak Moscow in their Champions League Group G opener on Wednesday. Ronaldo, hoping to end Messi’s three-year run as World Player of the ...
The Colombo Veterans Football Club this week left to Mauritius to participate in the VIII International Masters Football Festival 2012. This tournament is held for the seventh year consecutively. The six participating Clubs are from Sri Lanka, India, Malaysia, Indonesia, Singapore and host Mauritius. Colombo Veterans F.C (Sri Lanka) is the reigning champion for the ...
By Thalif Deen UNITED NATIONS (IPS): If the developing world fails to meet the targets set in the eight Millennium Development Goals (MDGs) – relating mostly to poverty, hunger, education, health care, gender empowerment and the environment – the primary blame for the failure would be on Western donors who have reneged on their aid ...
By Amantha Perera JEJU, South Korea (IPS): As ravenous consumers of natural resources, companies are beginning to recognise that they owe a monetary debt to the planet, and are sharpening their pencils to calculate it. In 2004, when the International Union for Conservation of Nature (IUCN) held its four-yearly World Conservation Congress in Bangkok, Thailand, ...
Sri Lanka’s falling external deficits should allow the central bank to review its tight monetary and credit policies towards the end of the year, Governor Ajith Nivard Cabraal told Reuters yesterday.