Sri Lanka, Bhutan sign agreements during MPs’ tour

Published : 12:00 am  October 12, 2013  |  Category: News  |  Leave a Comment  |  360 views  |  

The delegation of the Sri Lankan Parliament that embarked on a Bhutan tour with the leadership of the Speaker Chamal Rajapaksa has returned to Sri Lanka after entering into a number of agreements to foster economic, social and cultural relations between the two countries. The Government of Bhutan had organised a special program to welcome the Sri Lankan delegation and a number of cultural shows had been organized for the delegates. MPs V.K. Indika, Ruwan Ranathunga, Ashoka Abeysinghe and Palitha Thewarapperuma and the Deputy Secretary General of Parliament took part in the delegation. The Sri Lankan delegation had met with the Prime Minister of Bhutan Tshering Tobgay, Speaker of the National... 


Elephant House Stick Eke Luck Eka closes with record breaking number of entries

Published : 12:00 am  October 12, 2013  |  Category: Business  |  1 Comment  |  1,708 views  |  

The consumer promotion that caused tremendous excitement and anticipation amongst its predominantly young consumers, Elephant House Stick Eke Luck Eka, drew to a close recently. A record number of entries which exceeded 100,000 made this the most successful ice cream promotion ever held in Sri Lanka. The Grand Draw was held on 10 October at Elephant House where a range of attractive prizes were awarded to thirty lucky winners. This two month consumer promotion was centred around the stick variants in the Elephant House ice cream range, Wonder Bar, 2Bar and Jumbo Jolly. The Grand Draw prizes included 12 mountain bikes, 6 digital cameras, 6 Sony Play Stations and 6 Samsung Galaxy phones. The winners,... 


Amana Bank at National Agribusiness Awards

Published : 12:00 am  October 12, 2013  |  Category: Business  |  2 Comments  |  439 views  |  

Amana Bank recently sponsored the National Agribusiness Awards organised by the National Agribusiness Council in recognition of the performance and contribution by the formal business sector towards the development of agribusiness in Sri Lanka. Amana Bank is a strong supporter of individuals and companies involved in the agribusiness sector by providing comprehensive financial solutions to cater to specific requirements. The bank houses dedicated SME Banking Units to support the industry. Speaking at the National Agribusiness Awards ceremony held at the BMICH premises, the bank’s Managing Director/CEO, Faizal Salieh stated that “Banks generally shy away from financing the farmer mainly due... 


“It’s daylight back there night-time out here”

Published : 12:00 am  October 12, 2013  |  Category: Entertainment, FT Lite  |  Leave a Comment  |  1,161 views  |  

For the first time in the history of the performing arts in Sri Lanka, the use of an ingenious combination of traditional theatre and awe inspiring special effects with ground-breaking video and lighting illusions/projections will play a pivotal role in the success of this production. This tool will enhance the visual aspect of the play and the audience will now be able to feel the thrill of battle, the warmth of camaraderie and the mesmerising beauty of a parallel world. The Drama Society of S. Thomas’ College Mount Lavinia is the oldest performing arts society in Sri Lanka and boasts a rich history and tradition. The Society was founded in 1872 and ever since, has staged many productions... 


Germany supports mine action in north

Published : 12:00 am  October 12, 2013  |  Category: News  |  Leave a Comment  |  233 views  |  

Ambassador Dr. Juergen Morhard presided at a ceremony in Colombo to hand over German-funded mine clearing equipment from the Swiss Foundation for Mine Action (FSD) to Delvon Assistance for Social Harmony (DASH), a Sri Lankan non-profit demining agency. “Landmines are an ongoing reminder of Sri Lanka’s conflict four years after the end of the war,” said Ambassador Morhard. “They prevent resettlement and constrain economic and social opportunities. Demining is a critical first step in enabling displaced persons to return to their homes. Germany, over the years, has provided strong support for Sri Lanka’s mine clearing operations. I’m happy to continue our assistance through DASH and... 


Premier’s brief “arrest” highlights anarchy in Libya

Published : 12:00 am  October 12, 2013  |  Category: International  |  Leave a Comment  |  392 views  |  
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REUTERS: Libyan gunmen on the government payroll seized the Prime Minister in his nightshirt on Thursday and held him for several hours, in a new manifestation of the anarchy that has followed the overthrow of Muammar Gaddafi. The militia justified its bloodless dawn raid on the luxury hotel where Ali Zeidan lives under notionally tight security by saying he should be investigated for aiding US forces in their capture in Tripoli on Saturday of a Libyan al Qaeda suspect. But the liberal former diplomat has no shortage of critics among Islamist and other leaders for his failure to resolve strikes that have paralysed oil exports or to impose order since he was elected premier a year ago by the interim... 


Ambassador Admiral Karannagoda speaks of experiences in aftermath of Japan’s earthquake

Published : 12:00 am  October 12, 2013  |  Category: News  |  Leave a Comment  |  713 views  |  

Ambassador of Sri Lanka in Japan Admiral Wasantha Karannagoda, participated as a key note speaker at the ‘Global Festa Japan 2013’ held recently in Tokyo. Caption: Ambassador of Sri Lanka in Japan Admiral Wasantha Karannagoda addresses the gathering as a key note speaker Ambassador Admiral Karannagoda as key note speaker at a special event organised by JICA and the Ministry of Foreign Affairs of Japan, spoke of the bonds of friendship between Japan and Sri Lanka and the relations that continue to grow with each passing year. The Ambassador also spoke of his experiences in Japan in the aftermath of the Great East Japan Earthquake of 11 March 2011 and the friendly assistance rendered by Sri... 


Serene Pavilions CEO abducted and assaulted

Published : 12:00 am  October 12, 2013  |  Category: Front Page  |  2 Comments  |  2,028 views  |  
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In a strange twist to the controversy surrounding the Serene Pavilions hotel in Wadduwa, the property’s CEO Anura Lokuhetti was abducted and later dumped near a road in Bandaragama at dawn yesterday. Police said Lokuhetti had been admitted to hospital for treatment after allegedly being assaulted by his abductors. Wadduwa Police are reportedly questioning people in the area in connection with Lokuhetti’s abduction. The van used in the abduction is reportedly in Police custody. The Serene Pavilions CEO is embroiled in a dispute over shareholding of the company involving businessmen Jit Warnakulasuriya and Sumith Guruge and a foreign investor whose interests are now being represented by businessman... 


A billionaire and a ghost trading floor – the tale of Nepal’s paralysis

Published : 12:00 am  October 12, 2013  |  Category: International  |  Leave a Comment  |  1,021 views  |  
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Reuters: Nepal’s only billionaire made his name selling instant noodles. Now he’s got an eye on running the young Himalayan republic. Binod Chaudhary, recently valued by Forbes at a billion dollars, says he would give up business for a shot at governing one of the world’s poorest countries. But not yet. Nepal’s politics are just too messy, even for a man who was able to build a business empire during a civil war. Wedged between two of the world’s largest markets, India and China, and home to its most spectacular mountains, Nepal should be a manufacturing, tourism and trading success. Chaudhary is testament to the possibilities. Having started out selling noodles to India, then all over... 


Rupee near 3-month high

Published : 12:00 am  October 12, 2013  |  Category: Front Page  |  Leave a Comment  |  378 views  |  

Reuters: The rupee ended near a three-month high on Friday on dollar sales by exporters and banks, and dealers expect the currency to be stable and trade in a narrow range in the short term. Dealers see the rupee moving with little volatility after the Central Bank Governor last week said the currency would “behave in a stable manner” in the next few months. The spot rupee ended at 131.07/11 per dollar, its highest closing since 15 July, and firmer from Thursday’s close of 131.10/15. The rupee hit a record low of 135.20 on 28 August, but has managed to stem further losses since then. Globally, the dollar, which tracks the greenback’s performance against a basket of major currencies, traded...