Sunday 20th April 2014

Massive demo calling for Divi Neguma Department

Published : 12:57 am  November 7, 2012  |  Category: News  |  Leave a Comment  |  1,358 views  |  

A massive demonstration was held near the Parliamentary complex yesterday, urging the Government to get the Divi Neguma Development Department Bill passed with a two-thirds majority. Nearly 20,000 people including members of Samurdhi trade unions and progressive people’s organisations participated in the demonstration.  Read More →


Court asks hospital to give report on surgery on Duminda’s skull

Published : 12:56 am  November 7, 2012  |  Category: News  |  1 Comment  |  172 views  |  

The Colombo Chief Magistrate yesterday called on the Sri Jayewardenepura Hospital Director to submit a report on the surgery conducted on the skull of Government MP Duminda Silva.  Read More →


Sri Lankans heading to Australia are economic migrants – IOM

Published : 12:56 am  November 7, 2012  |  Category: News  |  1 Comment  |  312 views  |  

The International Organisation for Migration (IOM) has backed Australia’s view that some of the Sri Lankans arriving by boat are economic migrants, not refugees. The number of Sri Lankans trying to reach Australia by boat has increased by 25-fold over the past 12 months, from 211 irregular maritime arrivals in 2011, to more than 5,300 already this year.  Read More →


International conference on India- Sri Lanka relations at Osmania University

Published : 12:55 am  November 7, 2012  |  Category: News  |  Leave a Comment  |  219 views  |  

A two-day international conference on India-Sri Lanka relations will be held at Osmania University in Hyderabad, India on 8 and 9 November. The conference on ‘India-Sri Lanka Relations: Strengthening SAARC’ has been organised by the Centre for Indian Ocean Studies (CIOS) at the Osmania University.  Read More →


ODEL 1H revenue up 21% to Rs. 2.1 b, profit down 15%

Published : 12:38 am  November 7, 2012  |  Category: Business  |  1 Comment  |  284 views  |  

Sales at ODEL crossed a milestone Rs. 2 billion in the first six months of 2012-13 to reach Rs. 2.1 billion at 30 September, Sri Lanka’s leading fashion and lifestyle retailer has reported. Profit before tax for the period was Rs. 140.2 million, and net profit totalled Rs. 104 million down 15% year on year, the company said in a filing with the Colombo Stock Exchange.  Read More →


Hellmann partners Sri Lanka Design Festival 2012

Published : 12:38 am  November 7, 2012  |  Category: Business  |  1 Comment  |  683 views  |  

Initiative heralds new technology and perspective to support Sri Lanka Apparel with logistics as a key component in becoming the regional apparel leader Hellmann Worldwide Logistics, one of the world’s largest logistics providers, is partnering SLDF 2012 to launch its pioneering technology and initiatives in fashion logistics this November. Hellmann, already with a strong global presence within the fashion logistics industry, is proud to support SLDF that brings down a large number of apparel luminaries participating in SLDF.  Read More →


Global Commerce Excellence Awards 2012 in December

Published : 12:37 am  November 7, 2012  |  Category: Business  |  Leave a Comment  |  539 views  |  

 150 international companies to be recognised The Global Commerce Excellence Awards 2012, under the guidance and leadership of the Governor of the Central Bank Ajith Nivard Cabraal, will be held for the second time on 13 December at the newly-refurbished Ceylon Continental Hotel.  Read More →


Caution before US vote keeps Asian shares steady

Published : 12:30 am  November 7, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  223 views  |  
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Reuters: Asian shares and the dollar steadied on Tuesday, with investors’ reluctant to place new bets amid uncertainty over the outcome of a tight US presidential election and renewed doubts over Greece’s ability to push through severe fiscal reforms. Risk-aversion underpinned the dollar near a two-month high against a basket of major currencies and bound most asset markets within tight trading ranges, with oil, gold and the euro all barely budged. US stock futures indicated a slightly firmer open on Wall Street, while financial bookmakers called London’s FTSE 100, Frankfurt’s DAX and Paris’s CAC-40 to open up 0.1-0.3%, after falling in the previous session.  Read More →


India will defer spending to rein in fiscal deficit

Published : 12:28 am  November 7, 2012  |  Category: INTERNATIONAL  |  1 Comment  |  272 views  |  
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Reuters: India is reviewing budgeted expenditure at each ministry and plans to defer some spending to the next financial year beginning in April to keep the fiscal deficit at 5.3% of GDP, a top finance ministry official told Reuters on Monday. India’s economic growth is expected to slow to about 5.5% this fiscal year, the slowest pace in a decade, while rating agencies S&P and Fitch say higher spending and rising subsidies could push the fiscal deficit to 6% of GDP.  Read More →


Oil steadies around $108 as US votes

Published : 12:27 am  November 7, 2012  |  Category: INTERNATIONAL  |  Leave a Comment  |  186 views  |  
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(Reuters) – Brent crude held around $108 per barrel on Tuesday, as uncertainty ahead of the U.S. elections and renewed worries about Greece and the euro zone crisis headed traders’ concerns.  Read More →