Rakith earns full time position upon graduation at Cincinnati Uni

Published : 4:16 am  July 12, 2013  |  Category: HR  |  Leave a Comment  |  672 views  |  

Rakitha Basnayake, an alumnus of Veyangoda Bandaranaike MMV, became the first transferee of Sri Lanka Institute of Information Technology (www.sliit.lk) to University of Cincinnati (www.uc.edu) in 2010 under a collaboration agreement initiated by Scholarships for USA Ltd. (www.scholarshipsforusa.com). SUSA, since ’01, is passionately committed to providing more opportunities for Lankan youth to have access to world’s best higher education at a cost many could afford. As Rakitha proves, it’s not only the quality of education but vast opportunities to engage in hands-on paid internships that makes US higher education superior to the rest of the world. SUSA has already helped over 200 students... 


Mercury to expand reach to key regions of the country

Published : 4:15 am  July 12, 2013  |  Category: HR  |  Leave a Comment  |  410 views  |  

With a proven heritage of ACCA education as its cornerstone and a reputation built on results, Mercury has produced a big number of ACCA accounting professionals each year, for the past several years. Simply said, Mercury has gained the position of being the most skilled ACCA tuition provider to turn out complete work-ready’ professionals at every exam, every year. Possessing the finest team of lecturers who ensure the success of each and every ACCA student, Mercury’s amazing run of student success is based on its efforts to ensure first time passes at every level – thus helping students pass ACCA plus secure a degree from Oxford Brookes University, in UK in just two and a half years. Hence,... 


Asian shares hit 3-week high on Bernanke’s comments

Published : 4:13 am  July 12, 2013  |  Category: International  |  Leave a Comment  |  345 views  |  
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Reuters: Asian shares climbed to a three-week high on Thursday on comments by Federal Reserve Chairman Ben Bernanke that highly accommodative monetary policy would be needed for the foreseeable future, and the dollar stabilised. Financial markets have recently sold off on concerns that the Fed may begin to scale back its US$ 85 billion a month bond-buying program as soon as September. But Bernanke’s remarks, which played down the strength of last week’s June payrolls report, prompted investors to reassess the risk of an early end to the Fed’s program. They cut long dollar positions and sent US Treasuries prices higher. “I was pretty shocked with this selloff this morning. Obviously, Bernanke... 


Infighting threatens Egypt transition plan, Army orders arrests

Published : 4:08 am  July 12, 2013  |  Category: International  |  Leave a Comment  |  250 views  |  
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Reuters: Political infighting threatened to stall Egypt’s transition plans on Thursday, as the military cracked down on Muslim Brotherhood leaders it blames for inciting a clash in Cairo in which troops shot and killed 53 protesters. Monday’s violence between supporters of ousted President Mohamed Mursi, Egypt’s first freely elected leader toppled by the army last week, and soldiers at a military compound has opened deep fissures in the Arab world’s most populous country. On Wednesday, Egypt’s public prosecutor ordered the arrest of Muslim Brotherhood leader Mohamed Badie and several other senior Islamists, evoking memories of when the movement was repressed under autocratic former... 


Panel discussion

Published : 4:06 am  July 12, 2013  |  Category: Other Sectors  |  Leave a Comment  |  663 views  |  

In addition to Prof. Gehan Amaratunga, the panel discussion that followed consisted of Dialog Axiata Group CEO Dr. Hans Wijayasuriya, University of Sri Jayawardenapura Senior Professor Prof. Ajit Abeysekera, Link Natural Products Chairman/Managing Director Dr. Devapriya Nugewala, University of Moratuwa Professor – Management of Technology and Consultant in Operations Management Prof. Chandana Perera, Dialog – Director University of Moratuwa Mobile Communication Research Laboratory Prof. Dileeka Dias, John Keells Holdings Consumer Food Sector President Jit Gunaratne and Ministry of Finance Deputy Secretary to the Treasury Dr. Suren Batagoda and was moderated by University of Moratuwa Office... 


BOJ’s Kuroda: Economy, prices in line with April forecasts

Published : 4:06 am  July 12, 2013  |  Category: International  |  Leave a Comment  |  293 views  |  
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TOKYO (Reuters): Bank of Japan Governor Haruhiko Kuroda said on Thursday the country’s economy and prices were moving roughly in line with central bank projections made in April. Speaking after a monthly policy review, Kuroda also said Japan’s long-term interest rates were very stable, with the country’s bond market volatility reduced, despite rises in US and European yields. While keeping monetary policy steady, the BOJ offered its most optimistic view of the economy in 2-1/2 years, saying a recovery had started as a weak yen and massive monetary stimulus spark activity and lift confidence. Here are highlights of Kuroda’s comments at a news conference after policy decisions were announced: “Overseas... 


Connecting to untapped resources

Published : 4:05 am  July 12, 2013  |  Category: Other Sectors  |  Leave a Comment  |  849 views  |  

Day three of the Sri Lanka Economic Summit 2013 explores the ways in which closer partnerships can be forged between universities and the private sector By Cassandra Mascarenhas The capacities in Sri Lankan universities to do research can be made more productive by encouraging the private sector to source the inputs of universities in their product and market research and direct the university staff and students to do research that is relevant to solving real life issues. This session looked at methods to forge a closer partnership between the universities and the private sector. SLINTEC Chief of Research and Technology Prof. Gehan Amaratunga highlighted the importance of Sri Lanka innovating... 


China Highland Capital Management to enter Sri Lanka

Published : 12:02 am  July 12, 2013  |  Category: Front Page  |  Leave a Comment  |  1,512 views  |  
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Officials from China Highland Capital Management (HCM), a China-based discretionary investment management company, paid a courtesy call on the officials of the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE). The delegation from the Highland Fund included Director Randy Xu, Managing Partner Daniel Zhou and Partner Danny He. The officials of the SEC and CSE comprised SEC Chairman Dr. Nalaka Godahewa, SEC Commission Member Lolitha Abeysinghe, SEC Deputy Director General/Officer-in-Charge Dhammika Perera and CSE Chairman Krishan Balendra. The visit was to explore the possibilities of investing in private equity, listed equity and the debt market in Sri... 


Bourse at 1-week high on JKH; pressure on rupee eases

Published : 12:01 am  July 12, 2013  |  Category: Front Page  |  2 Comments  |  835 views  |  

Reuters: The stock market hit a one-week high on Thursday, led by market heavyweight John Keells Holdings after it revealed plans to build a multi-million dollar luxury resort. The main share index rose 0.77%, or 46.33 points, to 6062.38, the highest close since 4 July. Keells, Sri Lanka’s biggest conglomerate, said late on Wednesday it had submitted a plan to the Government to build the luxury resort worth more than $ 650 million that would include hotels, shops and apartments. Two hours after the trading started on Thursday, Investment Promotion Minister Lakshman Yapa Abeywardena said Keells had been given approval for a $ 850 million deal to build the resort. Shares in Keells ended 2.61%... 


PB tells IMF ‘Northern Expressway will be Sri Lanka’s next landmark’

Published : 12:01 am  July 12, 2013  |  Category: Front Page  |  1 Comment  |  1,467 views  |  

Finance Secretary Dr. P.B. Jayasundera has told visiting IMF Asia Pacific Department Director Anoop Singh that Sri Lanka’s next landmark will be the $ 1.5 billion Northern Expressway. This description was in response to Singh’s poser to Dr. Jayasundera as to the former’s query on what will be Sri Lanka’s next landmark. During his keynote address at the Ceylon Chamber of Commerce’s Economic Summit on Wednesday, Dr. Jayasundera said that the IMF official, during a breakfast meeting with him, had been impressed with the changing landscape in the city and followed up with this question. Upon hearing about Northern Expressway, Singh said: “Next time, invite me to Sri Lanka not for a summit...