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ESPNCricinfo: Uthura Rudras could not recover from early setbacks and four consecutive maidens at the start of their innings, as Uva Next chased down a mediocre target with four wickets and five balls to spare. Sachithra Senanayake took three wickets for 16 after Jacob Oram and Umar Gul had gagged the top order with the ...
As long Sri Lanka exports tea as a commodity, the local industry will continue to battle for survival, former Planters' Association of Ceylon Chairman Mahendra Amarasuriya said recently.
Janatha Vimukthi Peramuna (JVP) says the government does not have any proper plan to address the power crisis. JVP parliamentarian Anura Kumara Dissanayake said that government initiated power generation projects have failed and the plants like Kerawalapitiya and Lakvijaya have not been able to generate the estimated amount of energy units. He pointed out that ...
The 12th Annual Conference of The Chartered Institute of Marketing (CIM), Sri Lanka Region ended in grand success, helping Sri Lankan marketers to prepare their best defence to face challenging times. The conference was inaugurated by Attorney General Palitha Fernando on Monday 13 August while the technical sessions were held on Tuesday 14 August 2012 ...
LONDON (Reuters): Inexperienced investors should be aware of the risks in using crowdfunding websites that help small businesses raise money directly from members of the public, Britain’s financial services regulator has warned. Crowdfunding, an idea which originated in the United States, is gaining popularity as investors seek alternatives to volatile markets and low interest rates, ...
IN a challenging economic environment, tourism is Sri Lanka’s lifeline to development. However, increasing political tensions, crime rates and stand-offish Government policy is threatening to choke this much-needed revenue. Sri Lanka has decided to challenge a British Government travel advisory warning Britons over an upsurge of nationalism, sexual offences and anti-Western rhetoric i...
COPENHAGEN (Reuters): Shipping and oil group A.P. Moller-Maersk raised guidance for 2012 earnings last week on prospects of a further recovery in container freight rates after its Maersk Line swung back to profit in the second quarter. The global shipping industry has been hit by weak demand due to the world economic slowdown and an ...
In response to increasing market demand for feeder space, Evergreen Line will commence the new Straits-Yangon (Myanmar) service (SYS) from late August. Evergreen will exchange space with Advance Container Lines (ACL) in its Yangon routes to increase the frequency of feeder connections. Evergreen Line will deploy the 1,164 TEU Ever Able to the SYS route. ...
VIENNA/HELSINKI (Reuters): Smaller euro zone countries that have retained top credit ratings through the region’s crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union’s stability should be kicked out. Top Austrian and Finnish politicians insisted they were committed to keeping the union intact after ministers from junior coalition part...
Inflation, hyper inflation and chronic inflation Inflation, as understood by the unsuspecting citizen, is the rising cost of prices over a period of time. This interpretation is far from satisfactory. It is high time people were educated as to the real causes of inflation. Dissecting the inflationary causes would be a difficult task for an ...
WASHINGTON (Reuters): A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed US recovery still faces an uphill climb. Other data on Thursday gave mixed signals about the strength of an incipient housing recovery, with groundbreaking on new ...
Disruption to food production, due to adverse weather conditions in USA, China, Russia and India could contribute to a spike in world food prices. Due to its direct exposure to global supply disruptions, Sri Lanka could be adversely affected, warns Sri Lankaandrsquo;s economic think tank andndash; Pathfinder andndash; in its latest andlsquo;economic flash.andrsquo;
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
Minority shareholder activist K.C. Vignarajah has written a letter to President Mahinda Rajapaksa appealing him to retain Securities and Exchange Commission (SEC) Chairman Tilak Karunaratne who has announced his resignation by Friday. Here is the full text of the letter: 16.08.2012 H.E Mahinda Rajapaksa The President of the Republic of Sri Lanka, Temple Trees, Colombo ...
President Mahinda Rajapaksa awarded the Presidential Colours to the Sri Lanka Army’s Gemunu Watch on Wednesday (15). Secretary to the President Lalith Weerathunga and Secretary Defence and Urban Development Gotabaya Rajapaksa were also present at the occasion. The President awarded the Presidential and Regimental Colours to First, Second (Volunteer) and Third (Volunteer) Battalions of the .....
MALE (Xinhua): The main opposition in the Maldives has submitted a set of proposals to the government to end the political crisis in the country, officials said on Thursday. The festival of the famous Nallur Kandaswamy temple was held last morning. The historic festival draws devotees from around the island as well as overseas. Seen ...
A well respected professional, Dr. Hermawan Kartajaya from Indonesia was on a visit to Sri Lanka Institute of Marketing (SLIM) the national body of marketing in Sri Lanka. The Indonesian author and public speaker in marketing studies, who co-authored several books with the worlds marketing guru Professor Philip Kotler, met with SLIM Council members and ...
Reuters: Asian shares inched higher on Thursday but gains were limited as investors waited for more clues over the timing and extent of any further stimulus to tackle the euro zone’s debt crisis and support global growth. Strong U.S. industry output report on Wednesday, which followed similarly solid retail sales and employment data for July ...
By Edward Hadas It is circa 1900. A young girl from a simple fishing village has been sold as a ’practice wife’ to the Bendoro, or local lord. When the Bendoro tires of her and expels her from his house, the girl retires from his presence the way peasants are supposed to: backwards, and on ...
Strikes are becoming the bane of Sri Lanka. As the country grapples with numerous strikes taking place crippling many services, the logic of holding these work stoppages and the Government response to them has become the daily bread and butter of the media. The university lectures have been on strike for several months now, following ...
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
Companies skilled at core HR practices experience greater revenue growth and higher profit margins, says BCG-WFPMA Report based on global study BOSTON: Companies highly skilled in core HR practices experience up to 3.5 times the revenue growth and as much as 2.1 times the profit margins of less capable companies, according to new research ...
LONDON (Reuters): Standard Chartered is pursuing a collective settlement with other US authorities after speedily agreeing to pay $340 million to New York’s financial regulator, which broke ranks with early revelations that the bank hid banned Iranian transactions. \ Chief Executive Peter Sands, who cut short his holiday in Canada last week to deal with ...
‘THE Greatest Show on Earth,’ otherwise known as the Olympics, closed its 2012 chapter well and truly with the Sri Lankan contingent returning on Wednesday. Their rather dismal performance has raised old questions of how bad decisions, lack of funding and politicisation is shackling Sri Lanka’s sporting chances. Sri Lankan athletes had 30 officials with ...
The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in ...
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
Reuters: The Chairman of Nestle, the world’s biggest food group, warned that the world faced a worse hunger crisis than in 2008 given the amount of land devoted to producing biofuels instead of food. “The World Food Organization has now determined what I have been preaching for years: no food for producing fuels, too much ...
PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
Reuters: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency bloc contracted by 0.2% on the quarter, data showed on Tuesday. Germany eked out growth of 0.3%, marginally beating forecasts, but its forward-looking ZEW ...