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I must have been a famous person in Africa in my previous life. If you believe the world will end on 21 December, you’d believe that, too! If not, you will, after this! This week, I received my 43rd e-mail since the advent of the internet, all from Africa, all well-heeled women, proclaiming my divinely-guided ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
The Mahindra Sri Lanka Premier League is set to bring life to the city of Kandy, with the Pallekele leg of the matches beginning on Friday 17 August, with the encounter between Wayamba and Uva kicking off the proceedings. Somerset Entertainment Ventures Chairman Sandiip Bhammer said, “We are excited about the eight matches set to ...
- Murali cricket stadium (Category: Breaking News)
- Rain in Sri Lanka hill country forces ICC to move World Cup warm-up matches from Pallekele (Category: Breaking News)
- President inspects Pallekele Stadium ahead of World Cup (Category: Breaking News)
- Sri Lanka Police bans banners, musical instruments at World Cup venue (Category: Breaking News)
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 ...
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- World stocks off early highs ahead of US jobs (Category: Business)
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Asian markets cheered by Fed rate outlook (Category: Business)
For better economic development in Sri Lanka After the war we are experiencing the dividends of peace. Sri Lanka economy grew by 8.3 per cent in the year 2011, following an eight per cent growth in 2010. But this year it has forecast economic growth may be as slow as 6.75 per cent due to ...
- City folks got richer in 2011; north GDP grew fastest (Category: Business)
- Population growth only 0.7% over last decade (Category: Business)
- New chief ministers sworn in for North Central, Sabaragamuwa provinces (Category: Business)
- Carlton Super Seven Trophy unveiled (Category: Business)
By Nisthar Cassim UNP MP Dr. Harsha de Silva yesterday declared that the fiasco at the capital markets regulator leading to the impending resignation of its Chief was a clear “failure of the Government”. “In the next few days the Government’s failure will be known,” Dr. de Silva remarked, linking it to the pre-announced yet ...
- Harsha decries stench emanating from SEC (Category: Business)
- No investigations yet on EPF transactions (Category: Business)
- More losses by gambling public money alleges Harsha (Category: Business)
Travellers can now enjoy surprising value with Cathay Pacific Airways’ Getaway Surprise to the vibrant cities of Melbourne, Sydney and Perth in Australia. Explore the wonders of the Australian outback, experience the diverse cultures and outdoor lifestyle, and savour a multitude of tantalising cuisines offered by a melting pot of cultures in this delightful land. ...
- Experience Hong Kong Sevens With Cathay Pacific (Category: Breaking News)
- Cathay offers ‘Double Asia Miles’ to Frequent Flyers (Category: Breaking News)
- Cathay Pacific unveils delightful smart saver fares to USA (Category: Business)
- Cathay offers Getaway Surprise promotion to Hong Kong, Seoul, Osaka and Beijing (Category: Business)
Both governments to double bilateral trade to USD 10 billion by 2015 The High Commission of India and the Indian expatriate community in Sri Lanka celebrated the 66th Independence Day of India yesterday at the India House in Colombo. Indian High Commissioner Ashok K. Kantha hoisted the Indian national flag, which was followed by ...
- Indo-Lanka bilateral trade up 70% to record $ 5 b in 2011 (Category: Business)
- India celebrates 65th Independence Day (Category: Business)
- Indian expatriate community celebrate 63rd Republic Day (Category: Breaking News)
- India’s 63rd Republic Day celebrated in Colombo (Category: Business)
Singapore Airlines has appointed two world-renowned design firms – BMW Group subsidiary DesignworksUSA, and UK and Singapore-based James Park Associates (JPA) – to help develop the next generation of in-flight cabin products that will be introduced from the second half of next year. The appointment of the international design consultants is in line with SIA’s ...
- SIA to add fourth daily London service (Category: Business)
- Singapore Airlines to order 8 more Boeing 777-300ERs (Category: Business)
- SIA bids farewell to B747 (Category: Business)
- SIA invests $ 400 m for next-gen in-flight entertainment systems (Category: Business)
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 ...
- Real potential of the Colombo stock market (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- More about the real potential of the stock market (Category: Business)
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 ...
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
Reuters: Tourist arrivals in July rose 7.8% from a year earlier, Government data showed on Tuesday. The number of visitors has risen year-on-year in the past 39 months since a 25-year civil war ended in May 2009. The Tourism Board expects over one million tourists in 2012, yielding revenue of more than $ 1 billion, ...
LONDON (Reuters): Oil prices edged up on Tuesday to trade close to $114 a barrel after weak European economic data proved to be slightly less gloomy than anticipated and ahead of a US report expected to show a drop in oil stockpiles. The euro zone’s debt-ravaged economy shrank
- Sapugaskanda oil refinery to commence operations again (Category: Breaking News)
- Sri Lanka Takes Russia Oil as Fuel Crisis Persists (Category: Breaking News)
- Govt. plans to hand over oil imports to LIOC (Category: Breaking News)
- Sri Lanka suffering huge loss after replacing Iranian oil with Arabian crude (Category: Business)
NEW DELHI, (Reuters): India’s wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the central bank to cut interest rates at its September meeting to try to revive the struggling economy. Inflation dropped to 6.87
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- India’s July inflation eases; rate hike still seen (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s March industrial output falls (Category: Business)
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
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Euro zone confidence falls in Sept., inflation expectations rise (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
Following is the copy of letter written by public interest activist Nihal Sri Ameresekere to Secretary to President Lalith Weeratunga on the Securities and Exchange Commission (SEC) based on some of the reported discussions during the President’s meeting capital market stakeholders in late July at Temple Trees. 10th August 2012 Mr. Lalith Weeratunga &...
- Nihal files fresh motion in District Court of Colombo over Hotel Developers (Category: Business)
- Let’s put market back on track, Nalaka tells SEC (Category: Business)
- Nihal’s FR Application on the Expropriation Law (Category: Business)
- Internal restructuring at SEC for better focus (Category: Business)
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
- More than ever, businesses must think ‘what if’ (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
Emirates is offering its passengers star-class accommodation in Dubai from just US$40 per person per night, valid over a whopping 12 months – from November 2012 to October 2013. Available to all Emirates passengers regardless of class of travel, the amazing Emirates Dubai Stopovers promotional offer encompasses a series of exceptional value-added packages for the ...
- Emirates SkyCargo Hits 100% in Use of Electronic Air Waybills From Dubai Hub (Category: Breaking News)
- Emirates offers luxury hotels savings for online bookings (Category: Business)
- Emirates: Bonus Miles for Oct. (Category: Breaking News)
- State Minister of Foreign Affairs holds wide ranging discussions with the SL Business Council in... (Category: Breaking News)
The NDB Group has delivered yet another strong performance for the first half year of 2012 recording a commendable profit after tax of Rs. 1,362 million to its shareholders, which is an increase of 36 per cent compared to the previous year. Chairman of the Bank Hemaka Amarasuriya stated: “The impressive results are attributable to ...
- NDB reports strong financial results in 1Q (Category: Business)
- NDB awarded international accolade for brand excellence (Category: Business)
- NDB Group 2011 profits up 35% to Rs. 2.9 b (Category: Business)
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
Sri Lanka Telecom (SLT), the pioneer telecommunication services provider, has in the first half of 2012 posted a Rs. 3.36 billion group operating profit, a growth of 15% Year-on-Year (YoY). Group revenue has increased to Rs. 27.50 billion, an increase of 11% YoY. Depreciation of the Sri Lankan Rupee continued to have a significant adverse ...
- Textured Jersey 2Q profits dip, upbeat 1H (Category: Business)
- Tougher 2Q but Dockyard ends 1H with better results (Category: Business)
- Union Assurance continues growth momentum in 1H 2012 (Category: Business)
- SIERRA CABLES PLC sees increased revenues in 1H of 2012 (Category: Breaking News)
Reuters: Ford Motor Co said recently its 2013 C-Max Hybrid crossover surpassed Toyota Motor Corp’s Prius V on fuel economy, with EPA ratings of 47 miles per gallon in the city and on the highway. The Prius V is rated by the US Environmental Protection Agency at 44 mpg in city driving and 40
- Nissan Sentra redesigned as Altima look-alike (Category: Business)
- Toyota launches world’s most fuel-efficient hybrid (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Revenge of the internal combustion engine (Category: Business)
Diesel and Motor Engineering PLC (DIMO) recently introduced the first Komatsu PC130-8 excavator to the local market. The first excavator was delivered to Rodrigo Electricals – Wattala Director Randeer Rodrigo by DIMO General Manager – Construction and Mining Machinery Chaminda Ranawana at the DIMO construction machinery service complex at Siyambalape. Speaking at the handing over ...
- Top principals of Dimo Construction Machinery Division meet customers (Category: Business)
- Minister Wimal calls upon the youths to be self employed (Category: Breaking News)
- DIMO expands presence in Anuradhapura with newer spacious location (Category: Business)
- DIMO expands its presence, opens new branch in Trincomalee (Category: Business)
The ‘Yes-Man’ Parasite, a.k.a. HMV The dictionary definition of a ‘pun’: ‘the clever or humorous use of a word that has more than one meaning, or words that have different meanings but sound the same’. The second word of the headline of today’s column is not exactly a pun, but somewhat akin to one, as ...
- Nihal’s Fundamental Rights application on Expropriation Law fixed for 26 Jan. (Category: Business)
- Checks and balances - Is there such a thing as unlimited power? (Category: Business)
- Sajith slams Expropriation Bill (Category: Business)
- Inept’ocracy (Category: Business)
If any of you are sports enthusiasts, I am sure the most difficult working week would have been the last one. Watching the Olympics past midnight as, most of the blue ribbon events are in the evening UK time and then being at the office by 8:30 makes life tough. To me, the Olympics was ...
- London: World’s first social media Olympics (Category: Business)
- Brand Finance values Olympics ‘brand’ at $ 47.6 b (Category: Business)
- Woods and Donald eyeing 2016 golf chance (Category: Business)
- Federer eyes golden finale to glittering summer (Category: Business)
Reuters: Japan’s economy expanded just 0.3 percent in April-June, half the pace expected, fuelling concerns growth will continue to flag as a rebound in consumer spending starts to lose momentum and Europe’s debt crisis weighs on global demand. The data provides further evidence
- Japan economy shrinks more than expected in Q4, weak exports weigh (Category: Business)
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Japan Nov. factory output slumps (Category: Business)
- Japan exits recession as quake scars heal; outlook dim (Category: Business)
Says foreign investors remain net buyers reaping benefits under prevailing valuationsAsia Wealth Management believes attractive valuations coupled with policy changes could stabilise the year to date 20% negative Colombo stock market as foreigners seize opportunities. It said activities in the market last week were led by foreign investors while local institutional investors stayed sidelined...
- Bourse crosses half a million ‘individuals’ milestone (Category: Business)
- Aitken Spence draws biggest foreign buying as net inflow tops Rs. 1 b (Category: Business)
- Better Bourse returns bared! (Category: Business)
- Foreign investors in colombo Bourse grow in confidence (Category: Business)
South Africa will extend its fullest cooperation for Sri Lanka’s reconciliation process and its drive for economic development according to Deputy Minister of International Relation and Cooperation Republic of South Africa Ebrahim Ebrahim when he met Senior Adviser to the President and Minister of Economic Development Basil Rajapaksa at the Ministry of Economic Development on ...
- South Africa to assist Sri Lanka's reconciliation process and economic development (Category: Breaking News)
- NGO assistance sought for Northern Development. (Category: Breaking News)
- South African delegation begins major B2B talks (Category: Business)
- Sri Lanka updates UK on debt restructuring process (Category: Breaking News)
Aitken Spence managed Elpitiya Plantations PLC, which comprise of 16 estates of tea, rubber and palm oil and spread across three regions of Sri Lanka was awarded the prestigious ‘National Plantation Award 2012 for Generating Hydro Power of RCP sector’ by President Mahinda Rajapaksa at the National Plantation Awards 2012, held recently. The award ceremony ...
- President opens Upper Kotmale project (Category: Breaking News)
- President opens Upper Kotmale project (Category: Breaking News)
- President opens Upper Kotmale project today (Category: Breaking News)
- President opens Upper Kotmale project today (Category: Breaking News)
A blazing opening stand between Tamim Iqbal and Kamran Akmal made a chase of 180 seem a cakewalk, as Wayamba United crushed Uthura Rudras by nine wickets, with four balls to spare at the R Premadasa Stadium in Colombo yesterday. Tamim savaged an unbeaten 93 from 61 deliveries, while Kamran made 79 from 55. The ...
- Tamim, Kamran overpower Uthura (Category: Sports)
- SLPL slowly generates its own identity (Category: Business)
- Wayamba knock Ruhuna out of SLPL (Category: Business)
- Kamran shines with the bat again (Category: Breaking News)
Management research is a part of the wider array of research. Whilst positive initiatives are being taken, current situation with respect to research in Sri Lanka is far from a satisfactory level. Today’s column will focus on management research in identifying seven myths associated. At a time where there is a growing awareness on management, ...
- Research on human resources: Reflections and reinforcements (Category: Business)
- Debunking myths of developing people (Category: Business)
- Ten Commandments for employee care (Category: Business)
- How to develop an effective marketing plan (Category: Business)
DHL Global Forwarding has announced the launch of additional direct less than container load (LCL) service from Shanghai to Dubai, making it the second direct LCL service to connect China and the UAE. This new trade lane also extends to some other major cities in the Middle East such as Doha and Kuwait City. Dubai-based ...
- DHL boosts intercontinental service with new round-the-world flight (Category: Business)
- DHL introduces new multi-modal solution from Asia to Europe (Category: Business)
- Logistics milestone for region as DHL Express launches $175 m North Asia Hub (Category: Business)
- UAE-Sri Lanka trade tops $ 1 b mark in 2011 (Category: Business)
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