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Reuters: Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme. The term, coined in 2001 by Goldman Sachs banker Jim O’Neill, provided a catchy acronym to unite the four biggest emerging economies, two of which ...
Sujeewa Karunasekera has joined the Softlogic Group as CEO of Softlogic Communications Ltd. with effect from 1 September. Softlogic Communications is the sole authorised distributor for Nokia mobile phones and accessories in Sri Lanka where Softlogic dominates the market. Sujeewa is a Chartered Management Accountant with over 18 years of experience in large and multinational ...
PC House Plc announced yesterday the appointment of two new directors to its Board with effect from 5 September. They are M. Jude C. Fernando as a Director and W.I. Deepal Peiris as a Non Executive Director. Fernando holds over 14 years of experience in human resources management. He has HRM experience in the banking, ...
The Board of Investment (BOI) hosted last week a high-powered visiting delegation from South Africa led by Deputy Minister of Economic Development MP Prof. Hlenginwe Mkhize, Ambassador of South Africa in Sri Lanka Geoff Doidge, A.N.C National Coordinator and former Minister Renier Schoeman and 30 officials of the ANC and entrepreneurs from South Africa. The ...
Times of India, MUMBAI: Tillakaratne Dilshan redefined the art of batting in Twenty20 cricket with dazzling stroke play in the 2009 World T20 in England. His innovative and attacking shots rattled bowlers and often left them confused against the patented scoop shot over the ‘keeper’s head. In an exclusive chat with TOI, the destructive Sri ...
Reuters: Saeed Ajmal will receive a special award from the Pakistan Cricket Board after the spin bowler was left off the shortlist for the International Cricket Council’s Player of the Year, chairman Zaka Ashraf said on Monday. The omission of the top-ranked one-day international bowler from the shortlist has caused anger in Pakistan and the ...
SriLankan Cargo has taken a firm step towards positioning Colomboandrsquo;s Bandaranaike International Airport (BIA) as a regional hub for air freight, by handling the highest ever volumes of both total cargo and transshipment cargo in a single month.
Reuters: A federal appeals court will hear oral arguments on 25 October in hedge fund founder Raj Rajaratnam’s bid to overturn his insider trading conviction on grounds that the US government improperly won permission to record his phone conversations. One-time billionaire Rajaratnam, 55, is serving an 11-year prison sentence in what prosecutors called the biggest ...
The on and off battle for Ceylinco Insurance shares erupted on Friday when in-house funds picked up bulk of the quantities traded whilst largest outside shareholder having to be content with leftovers. On Friday, 56,482 voting shares of the illiquid Ceylinco Insurance amounting to around 0.3% stake traded. Of the quantity, around 51,000 shares were ...
The Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP), which is in the forefront of promoting the adoption of good techniques and practices for improving productivity and quality, embarked on a new program to visit factories with good practices. As the first program, an observation program was recently conducted at the factory ...
Madurai: The Tamil Nadu Chamber of Commerce and Industry (TNCCI) in Madurai has urged the Indian government to check the attack on visiting Sri Lankan pilgrims since the travel advisory issued by Sri Lanka will seriously affect the tourism and trade to the state. The TNCCI in a statement pointed out that India-Sri Lanka trade ...
Reuters: Saudi Arabia is concerned about high oil prices and will take steps to moderate them, its oil minister said, in a statement that some in the oil market read as a signal to consumer nations that there is no need to release emergency oil reserves. “Saudi Arabia is concerned about rising oil prices in ...
WASHINGTON (Reuters): Obama administration officials told energy experts this week they worry a release of crude from U.S. emergency reserves would do little to temper global oil prices partly driven by tighter supplies of refined fuel like gasoline. At an informal consultation on Thursday, mid-level officials from the National Security Council, the Department of Energy ...
ESPNCricinfo: Sri Lanka captain Mahela Jayawardene has said a phalanx of allrounders will be his side’s biggest strength in the upcoming World Twenty20, because of the balance and flexibility they afford the team. Angelo Mathews and Jeevan Mendis are in Sri Lanka’s squad as batting allrounders, while Thisara Perera’s forte is with the ball. Nuwan ...
The Sri Lanka-Vietnam-Greater Mekong Sub-Region Business Council (SLVGMSBC) of the Ceylon Chamber of Commerce will be organising an Interactive Evening with Kamal Dorabawila, Principal Investment Officer, World Bank – International Finance Corporation (IFC), Sri Lanka on 20 September at 6 p.m. at the Union Ballroom, Hilton Colombo Residences. Dorabawila will be addressing the gathering on .....
Evinta.IBE – a multi-channel booking platform –revolutionises the way in which airline tickets are sold by applying new technology on old sales channels. Airlines have always provided richer functionality and better fares to Web customers. Why? Because they want to lure passengers away from traditional sales channels which are both expensive and rigid. Yet International ...
Sri Lanka Insurance Corporation (SLIC) 2011 Annual Report won two prestigious awards at the recently held 2011 Vision Awards in New York. The awards – a Gold Award in the Insurance category and a Bronze Award for the most improved Annual report in the Asia Pacific region – are especially significant as the Annual Report ...
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...
Chartis, the world’s leading provider of Directors and Officers (D&O) liability insurance has developed a new policy coverage for Sri Lanka branded Corporate Guard. This improved cover enhances the safeguards provided to individual directors and officers and the companies they serve from all angles, whilst also significantly reducing the number of exclusions, and addressing specific ...
A Memorandum of Understanding (MOU) was entered into between the Ministry of Health and the National Health Development Fund on behalf of the Government of the Democratic Socialist Republic of Sri Lanka (GOSL) and the Trustees of the Foundation Supporting a National Trauma Service in Sri Lanka, Victoria, Australia (Project BEAP), which is a charitable ...
Access Engineering PLC, the leading value engineering solutions provider in Sri Lanka, was selected by China Harbour Engineering Company Ltd. to partake in one of the country’s most exhilarating infrastructure projects, the new International Airport at Mattala, Hambantota. Funded by the Government of the Peoples Republic of China, construction of the Hambantota International Airport is ...
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
Cinnamon Lakeside Colombo celebrated twenty seven years with a host of activities taking place throughout the hotel. To mark this milestone Cinnamon Lakeside Colombo carried out an annual blood drive, encouraging associates of both the hotel and the John Keells group to donate. Since 1990 Cinnamon Lakeside Colombo has been running a blood drive that ...
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 ...
Power of the village One of the most respected business personalities that Sri Lanka has produced to the multinational belt of companies is Lalith De Mel, better known as J.C.L. De Mel. I was blessed to have had the exposure of being trained by him during the times that he was the Global Director for ...
Singapore Airlines will be celebrating the fifth anniversary of the maiden launch the Airbus A380 on 25 October. This aircraft has proven to be exceptionally popular with our customers on all the routes it serves within the SIA network. SIA currently operates 19 A380s and was the first airline to operate the world’s largest commercial ...
Hilton Colombo commemorates their 25th anniversary in the Sri Lankan hospitality industry this week. In honour of the jubilee, the hotel initiated a host of special events and promotions throughout the year to thank guests, partners and their dedicated team for the continued support throughout the years. Commenting on the hotels milestone, Rudolf Tröstler, ...
India and New Zealand will be looking for valuable game time ahead of the ICC World T20 during Tuesday’s T20I in Chennai. After Saturday’s first match was rained off in Visakhapatnam the series is now reduced to one game before both nations head to Sri Lanka. Yuvraj Singh’s much-awaited return to national duty, after recovering ...
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 ...