No show in Court by Touchwood CEO
12:30 am | August 1, 2014The case for the winding-up of Touchwood Investments PLC was called in the Commercial High Court of Colombo yesterday, on an application made by the Liquidator...
SriLankan Airlines Chairman to head APOT. Asia
12:29 am | August 1, 2014Becomes the first Sri Lankan to chair APOT. Asia SriLankan Airlines Chairman Nishantha Wickremasinghe has been appointed the Chairman of APOT. Asia (Asia...
JKH to sell Union Assurance General biz control to Canada’s Fairfax Asia
12:29 am | August 1, 2014Total non-life business valued at Rs. 4.5 b; JKH to divest 78% stake; UAL share price gain by Rs. 15 JKH says UAL will continue to retain ownership of...
Core inflation up in July; single digit sustained so far in 2014
12:28 am | August 1, 2014Central Bank said yesterday inflation, based on the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department...
CIFL included in financial sector consolidation program
12:26 am | August 1, 2014The troubled Central Investments and Finance Plc (CIFL) has been included in the Government-initiated and Central Bank-monitored financial sector consolidation...
MEA slams US Embassy statement on cancellation of scribe training
12:37 am | August 1, 2014Govt. says Embassy had chosen to ignore official response from Govt. on disruption of workshop in Colombo Basis for US funding training programs for specific...
Rajiv Gandhi sent troops to Sri Lanka without telling Cabinet: Natwar Singh
12:36 am | August 1, 2014Rajiv Gandhi, during his tenure as Prime Minister in 1987, gave orders to send Indian troops to Sri Lanka without consulting his Cabinet colleagues or...
Pillay says stands by her report on Sri Lanka
12:35 am | August 1, 2014The outgoing UN High Commissioner for Human Rights Navi Pillay says she stands by her report on Sri Lanka submitted to the UN Human Rights Council last...
Cyril Ramaphosa says Sri Lanka visit successful
12:34 am | August 1, 2014Deputy South African President Cyril Ramaphosa says his recent visit to Sri Lanka, during which he had talks with the Government and the Opposition, was...
IMF Executive Director calls on President
12:00 am | August 1, 2014The Executive Director at the International Monetary Fund (IMF) in Washington, D.C., United States, representing Sri Lanka, India, Bangladesh and Bhutan,...
• Unlocking the potential of Sri Lanka’s women entrepreneurs through better business development services
• Banks to provision earlier on bad loans under new global rule
• NDB-DFCC merger should not leave stakeholders feeling stressed
• Civil society: The greatest bugbear, the greatest hope?
• My glass of used water please!
The challenging role of today’s CFOs
12:00 am | August 1, 2014The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently featured two key international accounting personalities, Fayez Choudhury, the...
“Our decisions always focus on benefitting future generations, not merely the immediate”: President
12:03 am | July 31, 2014“When taking political decisions we always took a very long-term view of issues, and did not focus merely the immediate and short-term time horizon,”...
“United we win, divided we fail” Suresh Shah
12:00 am | July 31, 2014Outlines four essential elements we need to deliver on for Sri Lanka to reach her abundant promise Reiterates Chamber’s core principles of nation...
“It’s the dreamers who determine what’s going to happen in the future”
12:00 am | July 30, 2014By Senuri De Silva Q: How did your parents and your earlier experiences in school foster your interest in this field at a young age? A: There was a culture...
IMF tells China to slow economic growth
12:00 am | August 1, 2014Reuters: China should set an economic growth target of 6.5-7% for 2015, below its goal for 2014, and refrain from stimulus measures unless the economy...
US raises stalled WTO talks with India, no sign of breakthrough
12:00 am | August 1, 2014Reuters: The United States raised the issue of a stalled trade agreement during talks with India’s finance minister on Thursday, a source at the meeting...
Argentina fails to reach debt agreement, default imminent
12:00 am | August 1, 2014Reuters: Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday. As the clock ticked toward a midnight...
Stock market stays firm with 15% YTD return, Rs. 11 b net inflows
The Colombo stock market closed firmly, consolidating its 15% return year-to-date with healthy turnover and continued foreign buying which is now at Rs. 11 billion. Acuity Stockbrokers said the market ended the month on a positive note with both indices recording gains during the day. The ASPI gained 12.06 points to close at 6813.90 while [...]
Airport and Aviation Chief dismisses BIA’s low productivity report
Says passenger handling up by 25% since 2013; up 72.3% between 2009 and 2013 By Malik Gunatilleke Airport and Aviation Services (Sri Lanka) Ltd. (AASL) yesterday clarified the ratings of the Bandaranaike International Airport (BIA), in the wake of media reports claiming that Sri Lanka’s primary international airport performed poorly amidst other Asian airports according [...]
Sunsilk’s paints Colombo purple with 24-hour Lockdown Party
Colombo rocked for 24 hours last weekend, when Sunsilk brought to life its new variant, Perfect Straight, in a 24-hour Lockdown Party, at the Convention Centre in Fort, the most fashionable party of the year which took the city by storm. Over 50 celebrities...
‘Strange Fruit’
A mesmerising journey into the heart of darkness that beats deep within paradise It’s been a long wait for fans of award-winning Sri Lankan writer Afdhel Aziz, who just released his debut novel ‘Strange Fruit,’ out this weekend. Following are excerpts of a wide-ranging interview on the novel, how and why he writes and his interests, to inspirations...
A visit with ‘The Master of Puppets’
By Rajinda Jayasinghe “Thank you for coming to see me in the ICU,” says Kalabhushana Ganwari Premin, Sri Lanka’s premiere puppeteer, as he ushers...
Drama in Senkadagala
By D.C. Ranatunga IN eight months, Sri Lanka marks the completion of 200 years since the capitulation of the Kandyan kingdom and the British taking control...
CJS sponsors uniquely ‘special’ fashion show
Empowering the special child on 2 August Colombo Jewellery Stores will be one of the main sponsors for the Kids’ Parade that the Chitra Lane School for...
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NDB-DFCC merger should not leave stakeholders feeling stressed
12:00 am | August 1, 2014Seven months ago, DFCC Bank (DFCC), the only remaining development bank, and National Development Bank (NDB), a commercial bank, announced that they, in pursuance of the policies...
Civil society: The greatest bugbear, the greatest hope?
12:01 am | July 31, 2014Mahinda Rajapakse knows the power and impact of civil society because he worked with us – Dr. Nimalka Fernando, lawyer and activist The young Parliamentarian...
My glass of used water please!
12:00 am | July 31, 2014Water, water, everywhere, not a drop to drink – a sailor may lament when drifting across the sea minus his craft. Today technology is advanced and commonly available, thus freeing...
Public Procurement Law: Can new laws be enacted to establish level playing field for bidders?
12:00 am | July 30, 2014Legislative framework required for transparency in public procurement Good governance demands transparency in all areas of government. Once transparency and accountability mechanisms...
The international advisory panel, Indo-Lanka ties and UN inquiry
12:01 am | July 29, 2014Half a loaf being better than none, the presidential expansion of the remit of the Disappearances Commission and the appointment an advisory panel of three persons distinguished...
Deal with drought
Drought has been steadily engulfing the country for many months but outside of basic responses such as providing water to the thousands of affected people, little has been done to offset the impact in any sustainable manner. Little attention is being provided to estimated 41,568 families in Polonnaruwa and another 21,000 families in Monaragala that [...]
• Boiling point? • Peace is paramount • Grab equality • Care for the people
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