Friday 18th April 2014

IMB reports drop in Somali piracy, but warns against complacency

Published : 12:00 am  October 30, 2012  |  Category: Shipping / Aviation  |  Leave a Comment  |  177 views  |  

The number of ships signaling attacks by Somali pirates has fallen this year to its lowest since 2009, a report from the International Chamber of Commerce International Maritime Bureau (IMB) revealed today, but IMB warns seafarers to remain vigilant in high-risk waters around Somalia, the Gulf of Aden and the Red Sea. Meanwhile, violent attacks and hijackings are spreading in the Gulf of Guinea.  Read More →


Fitch rates Softlogic Holdings ‘A-’; Outlook stable

Published : 12:00 am  October 30, 2012  |  Category: Financial Services  |  Leave a Comment  |  143 views  |  

Fitch Ratings has assigned Sri Lanka-based diversified services company, Softlogic Holdings PLC (SHL), a National Long-Term ‘A-(lka)’ rating. The Rating Outlook is Stable.  Read More →


Sir Robert Swan here tomorrow

Published : 12:02 am  October 27, 2012  |  Category: Front Page  |  Leave a Comment  |  939 views  |  
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Coca-Cola Beverages Sri Lanka Limited will be hosting Sir Robert Swan, motivational speaker, polar explorer, environmental leader, and the first person ever to have walked to the North and South Poles, in Colombo from 28 October to 1 November.  Read More →


Double standards – Letters to the Editor

Published : 12:01 am  October 27, 2012  |  Category: Business  |  Leave a Comment  |  283 views  |  

The Bribery Commission has stopped investigations  into many illegal privatisations and the hedging deal but is quick to pounce on the former Chairman NSB to pressure the CJ into giving a “favourable” verdict on the Divi Neguma Bill. This is how this ‘Miracle of Asia’/Banana Republic operates.  Read More →


US Ambassador opens two schools in Batticaloa

Published : 12:01 am  October 27, 2012  |  Category: Youth / Careers / Higher Education  |  1 Comment  |  923 views  |  
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Over 1,200 rural students in the East can now enjoy improved educational facilities thanks to financial support from the United States. Funds from the United States Agency for International Development (USAID) and the US Pacific Command built and renovated classrooms, teachers’ quarters, and lavatories.  Read More →


Fortune 500 Chinese car manufacturer enters Sri Lanka

Published : 12:01 am  October 27, 2012  |  Category: Front Page  |  Leave a Comment  |  2,065 views  |  
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Geely, the Fortune 500 Chinese automotive multinational that now owns 100% of Sweden’s Volvo and part produces the famed London’s black taxi cabs, is entering Sri Lanka.  Read More →


AmCham donates IT Lab to St. Mary’s College, Mattakkuliya

Published : 12:01 am  October 27, 2012  |  Category: CSR / Events  |  Leave a Comment  |  597 views  |  
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The American Chamber of Commerce in Sri Lanka (AmCham) recently donated a fully-furnished and equipped computer lab to St. Mary’s College, Mattakkuliya.  Read More →


Lafarge Mahaweli Cement, Microsoft partner Sarvodaya to improve ICT skills of youth

Published : 12:00 am  October 27, 2012  |  Category: CSR / Events  |  Leave a Comment  |  975 views  |  

Two premier companies operating in the country, Lafarge Mahaweli Cement and Microsoft Sri Lanka, joined hands with Sarvodaya, one of Sri Lanka’s foremost Non-Governmental Organisations, to establish an Information and Communication Technologies (ICT) Centre in Gampaha. The centre aims to improve ICT skills among youth in the Gampaha District.  Read More →


UK announces new visa processing arrangements for Sri Lankans

Published : 12:00 am  October 27, 2012  |  Category: News  |  Leave a Comment  |  730 views  |  

The UK Border Agency yesterday announced the details of arrangements for the processing of UK visa applications from Thursday, 1 November 2012.     Read More →


Perceived economic opportunity optimism flat in September

Published : 12:00 am  October 27, 2012  |  Category: Front Page  |  1 Comment  |  289 views  |  

The Perceived Economic Opportunity Index (PEOI) remained almost flat in September, moving up just 0.02 from August to 1.74. In contrast, the index was at its peak a year ago in September last year at 1.89. Thus over the year the index has seen a downward trend. The PEOI is developed and measured by the Foundation for Economic Freedom in Sri Lanka in partnership with Friedrich Naumann Stiftung Fur Die Freiheit.  Read More →