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The social media network Twitter erupted on Monday after several people tweeted that a cartoon in a Sri Lankan weekend newspaper depicting Indian Premier Manmohan Singh and Tamil Nadu Chief Minister Jayalalitha Jayaram in a crude way was demeaning to women and an insult to India. As is apt to happen on Twitter, the issue ...
THE Government’s move to use the Labour Commissioner to arbitrate for a solution to the academics strike ended in yet another dead end, prompting questions of whether the Government is prepared to take a serious step to solve the crisis. The offer was rejected for two reasons. One is that the academics insist their grievance ...
TIANJIN, China (Reuters): China is on track to meet this year’s target for economic growth and if needed the government could utilise a 100 billion yuan fiscal stability fund to boost growth, Premier Wen Jiabao said on Tuesday. Wen, speaking at a meeting of the World Economic Forum held in China’s eastern port city of ...
Trinidadexpress.com: UNABLE to convince the International Cricket Council (ICC) to provide an exclusive window for the Indian Premier League (IPL), the West Indies Cricket Board (WICB) and Sri Lanka Cricket (SLC) have decided to do it on their own. As their leading players are likely to be engaged in next year’s sixth IPL season of ...
Reflecting his bullishness on post-war rebound in tourism, former Delmege Chairman Ricky Mendis yesterday bought an 8% stake in Serendib Hotels Plc for around Rs. 142 million from Royal Ceramics Plc and its high net worth investor Managing Director Nimal Perera. In total 6.7 million shares of Serendib Hotels transacted via 312 trades for Rs. ...
It is unfortunate that today many impressions of Sri Lanka in foreign countries are based on unverified facts, and wrong or deliberately manipulated disinformation, carried out by those who once supported the forces of terror. These same elements continue to sow the seeds of division and separatism through various media, and also influence politicians in ...
By Shanuka Tissera Amendments to the Petroleum Products (Special Provisions) Act have been finalised and approved by the Attorney General. It is expected that both bills will be presented to Parliament shortly for enactment. Pending the enactment of new legislations, the Cabinet of Ministers has appointed the Public Utilities Commission of Sri Lanka (PUCSL) as ...
Conducts training for top military officers from 28 nations in Singapore Following an invitation from the United States Pacific Command (USPACOM), CICRA Consultancies, the premier cyber security training and consultancy company in Sri Lanka, participated in ‘Cyber Endeavour’ Program of the USPACOM held recently in Singapore. CICRA also conducted a full day training session on ...
PC Polls: A new record in annals of polls “These Provincial Councils elections, which enters the annals of electoral history as the tenth successive election won under my leadership since 2005, have served as a test of national opinion that brought out a wide and clear expression of the thinking among the Sinhala, Tamil and ...
Ceylinco Insurance, Sri Lanka’s leading Insurer, has been honoured with the invitation to represent Sri Lanka on the Executive Board of the prestigious Association of Insurers and Reinsurers of Developing Countries (AIRDC). The Executive Board of AIRDC constitutes of 15 representatives of full member nations. The Association of Insurers and Reinsurers of Developing C...
I am very disturbed by what I have read in your paper and in the independent media about what is going on in the stock market. Scandals and many unwanted deals have happened in the recent past. To name a few the Greek bonds loss, NSB being forced to buy a stake in bankrupt The Finance ...
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Reuters: Asian shares crept up on Monday with expectations rising that weak U.S. jobs data would prompt the Federal Reserve to announce fresh stimulus and Europe will make further progress in its debt crisis management this week, overshadowing soft Chinese data. Trade data released on Monday showed China’s exports in August grew slightly less than ...
MONZA, Italy (Reuters): Formula One should consider holding shorter races later in the day to attract a younger audience, Ferrari president Luca di Montezemolo suggested at the Italian Grand Prix on Saturday. Making a regular appearance at Monza, the circuit near Milan that is a temple to all things Ferrari, the elegant Italian repeated familiar ...
The 33rd National Conference of Chartered Accountants structured by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held from 18 to 20 October at Waters Edge under the theme ‘Winning: Country, Corporate, Citizen’. It will be a three-day conference with six technical sessions that will feature a panel of highly ...
Around 1,000 delegates in town for Commonwealth Parliamentary Conference and connected activities this week The entire Common-wealth is literally here as Sri Lanka plays host to the grouping’s annual gathering of Parliamentarians – this week, giving the country an excellent opportunity to be assessed firsthand as well as lift its profile globally. The 58th Annual ...
The Bakeer Markar Centre for National Unity will hold the 15th commemorative lecture of former speaker Bakeer Markar today (10 September) at 5 p.m. at the Sri Samuddhathwa Jayanthi Auditorium, Thunmulla, Colombo 5. The lecture will be on ‘Arab Awakening – Birth of a New Political Paradigm’ by Wadah Khanfar, former Director General of Al ...
The Hindu: Sri Lanka’s ruling UPFA on Sunday won key elections in three of the country’s nine provinces, including a victory in the Tamil and Muslim dominated eastern state that was once an LTTE stronghold, where the Mahinda Rajapaksa-led coalition defeated the main Tamil party TNA. While UPFA won comfortable majorities in the North Central ...
Incident could affect Madurai getting international connectivity: Trade bodies The Hindu: The recent tension over the presence of Sri Lankans in Tamil Nadu has caused trade bodies in southern districts worry over the prospects of international connectivity for Madurai as the first full-fledged international flight was scheduled from Colombo on 20 September. While not going ...
2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
Reuters: Asia-Pacific nations including China, the United States and Russia will promise measures to boost growth on Sunday and reject limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim were expected to end a two-day summit on an island off the Russian port city of Vladivostok by ...
ELECTIONS come and go but the Government has a new set of challenges this week that will test it seriously. Quick on the heels of the poll comes the UN review mission that is here to decide on the Government’s progress on reconciliation and implementation of the Lessons Learnt and Reconciliation Commission (LLRC). Before this ...
Hostile activities by one state in India do not represent the whole Indian stance and Sri Lanka is conducting diplomatic relations with India closely, President Mahinda Rajapaksa said yesterday. Addressing the Editors at the Speaker’s official residence in Colombo, the President praised the Central Government of India for working in a responsible manner regarding the ...
Reuters: China has given the green light for 60 infrastructure projects worth more than $150 billion as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter. Shares and steel futures jumped on the plans to build ...
The Report of the Citizens Commission on its Mission to Mannar on 8 and 9 August has received an inordinate amount of press lately – and while the Commission feels that the coverage provides space for issues raised in the report, it is concerned that the report is being represented in a way that is ...
Reuters: President Barack Obama asked Americans on Thursday for patience in rebuilding the weak economy as he appealed for a new term in office and defiantly rejected Republican Mitt Romney’s proposals for growth as heartless. Accepting the presidential nomination at the Democratic National Convention, Obama gave a more down-to-earth follow-up to his 2008 “hope and ...
Reuters: Asian shares were on track for their biggest daily gain in six weeks on Friday after the European Central Bank outlined its plan to calm the euro zone’s debt crisis and firm US data fed speculation of a strong jobs report later in the day. European equities will likely extend gains modestly after rallying ...
By S.S. Selvanayagam The Supreme Court yesterday (6) ordered the Central Bank to file the Foreign Reserve Management Rules (Guidelines) to Court sequent to the Fundamental Rights violation petition challenging the investment on the controversial Greek bonds, which resulted in a loss of Rs. 2.14 billion of public funds to the State. The Deputy Solicitor ...
Reuters: Former President Bill Clinton made a more comprehensive case for President Barack Obama’s re-election in 49 minutes on Wednesday than the rest of the speakers at the Democratic Convention could muster in the 11-1/2 hours that preceded him. In a detailed and passionate endorsement of his former rival, Clinton amplified the central argument of ...
Reuters: Oil futures rose above $114 per barrel on Thursday, buoyed by expectations the European Central Bank will manage to ease its debt crisis with a new programme of bond purchases. Europe’s debt crisis and slowing global economic growth have fuelled worries about the demand outlook for commodities. Investors hope a new ECB bond-buying programme ...