3M’s car care: A new experience for Fox Hill Supercross fans

Published : 12:01 am  May 10, 2013  |  Category: Motor  |  Leave a Comment  |  868 views  |  

3M Lanka (Pvt) Ltd, a fully owned subsidiary of 3M USA Corporation and leading supplier of car care solutions to the automotive industry, recently partnered with the Sri Lanka Military Academy, Diyatalawa (SLMA) and Sri Lanka Autosports Drivers Association (SLADA), as one of the event sponsors for this year’s Fox Hill Supercross, organized by the above institutions, to offer a new experience to the racing fraternity, fans and car enthusiasts in general.  Read More →


Shares, rupee up ahead of rate decision

Published : 11:23 pm  May 9, 2013  |  Category: Front Page  |  Leave a Comment  |  726 views  |  

Reuters: Shares rose for the sixth straight session on Thursday to hit a new 1-1/2 year high, led by banking shares as expectations of a rate cut at the Central Bank’s policy meeting on Friday boosted local investor appetite for stocks.  Read More →


Asian shares gain as upbeat global data, Wall Street buoy mood

Published : 9:14 pm  May 9, 2013  |  Category: International  |  Leave a Comment  |  909 views  |  
alt text

TOKYO (Reuters): Encouraging global data and Wall Street’s extended record run boosted Asian shares to a near two-year peak recently, with strong Australian jobs data and a surprise interest rate cut by South Korea further cementing the positive mood.  Read More →


World youth unemployment still growing: UN

Published : 9:13 pm  May 9, 2013  |  Category: International  |  Leave a Comment  |  592 views  |  
alt text

GENEVA, (AFP): More than 73 million young people are unemployed around the world and the situation is expected to only get worse, the International Labour Organization said on Wednesday.  Read More →


New strategies needed for HR development

Published : 12:25 am  May 9, 2013  |  Category: Front Page  |  Leave a Comment  |  939 views  |  
alt text

By Shabiya Ali Ahlam As Sri Lanka focuses on strong post-war growth, human resource experts yesterday called for concentrated strategies to deal with talent droughts in the labour market that could become a major impediment to development.  Read More →


SLPA Chairman elected 3rd Vice President of IAPH Asia/Oceania Region

Published : 12:23 am  May 9, 2013  |  Category: Front Page  |  Leave a Comment  |  1,315 views  |  
alt text

Chairman of Sri Lanka Ports Authority (SLPA) Dr. Priyath B Wickrama has been unanimously elected the third Vice President of the International Association of Ports and Harbours (IAPH) for the period 2013 to 2015.  Read More →


Inflows remain “healthy”: CB

Published : 12:20 am  May 9, 2013  |  Category: Front Page  |  Leave a Comment  |  1,045 views  |  

The Central Bank noted that inflows remain healthy, mostly spearheaded by tourism revenue, remittances and stock market investments though the latter has declined from 2012 first quarter levels.  In the meantime, tourist arrivals in March 2013 increased by 7.7%, year-on year, to 98,155, thus raising total tourist arrivals during the first quarter of 2013 to 288,798. Accordingly, tourist arrivals in the first quarter of 2013 have recorded a growth of 10.9%, year-on-year.  Read More →


Exports drop 8.1% in 1Q

Published : 12:20 am  May 9, 2013  |  Category: TOP STORY  |  1 Comment  |  881 views  |  

Sounding alarm bells, exports decreased by 8.1% in the first quarter of 2013 from US$ 2.57 million to US$ 2.36 million, with March contributing a 2.8% drop year-on-year.     Read More →


Bourse steady at 1-1/2-year high; Keells leads

Published : 12:19 am  May 9, 2013  |  Category: Front Page  |  1 Comment  |  717 views  |  

Reuters: Shares rose for the fifth straight session on Wednesday to hit a new 1-1/2-year high, led by conglomerate John Keells Holdings despite foreign outflows as hopes of a rate cut at the Central Bank’s policy meeting later this week boosted local investor appetite for stocks.  Read More →


Harsha slams low and unsystematic Govt. tariffs

Published : 12:19 am  May 9, 2013  |  Category: Front Page  |  Leave a Comment  |  968 views  |  

By Ashwin Hemmathagama Our Lobby Correspondent Low and unsystematically introduced tax tariffs on selected sectors are losing the Government millions of rupees in revenue but taxes for essential goods remain unjustifiably high, charged UNP MP Dr. Harsha De Silva in Parliament yesterday.    Read More →