CB keeps policy rates unchanged

Published : 12:00 am  August 16, 2014  |  Category: Front Page, TOP STORY  |  1 Comment  |  283 views  |  

The Central Bank kept policy rates unchanged following the August review by the Monetary Board. The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank remain unchanged at their current levels of 6.50% and 8.00%, respectively.    Central Bank of Sri Lanka The Central Bank said headline inflation continued to remain in low single digit levels, although it increased to 3.6% on a year-on-year basis in July 2014 from 2.8% in the previous month reflecting higher prices of certain food items caused by adverse weather conditions. Meanwhile, core inflation, which reflects underlying price movements, rose marginally to 3.7% in July compared... 

Lifebuoy takes good hygiene habits to Kataragama

Published : 12:00 am  August 16, 2014  |  Category: CSR / Events  |  Leave a Comment  |  35 views  |  

Inspired by the idea of ‘take blessings home, not illnesses’, Lifebuoy setup hand washing units and shower cubicles with soap throughout key locations in Kataragama from 5 to 12 July to help boost sanitary facilities for thousands of devotees flocking to the sacred site from far corners of the island.    Pilgrims line up to wash their hands at hand washing units set up by Lifebuoy in Kataragama Every July, crowds throng to Kataragama, a pilgrimage town sacred to Buddhists, Hindus, and the indigenous Adhivasi community to pay homage to Lord Murugan or Skanda and witness the Kataragama Esala Perahera. Devotees from far as the North and East walk barefoot for weeks to reach Kataragama... 

Pope sends message to Beijing, but some Chinese barred from S. Korea event

Published : 1:46 am  August 15, 2014  |  Category: International  |  Leave a Comment  |  136 views  |  
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REUTERS: Pope Francis sent an unprecedented message of good will to China on Thursday before touching down in Seoul, but the first papal trip to Asia in 15 years got off to a shaky start with the news some Chinese had been barred from joining a youth celebration. About half of more than 100 Chinese who had planned to attend an Asian Youth Day event during the pope’s visit are unable to attend due to “a complicated situation inside China”, Heo Young-yeop, spokesman for the Committee for the Papal Visit to Korea, told reporters. He declined to give further details, citing their safety. Another organiser, who declined to be identified, said some of the would-be attendees had been arrested... 

Asia shares up as investors bank on more stimulus

Published : 1:45 am  August 15, 2014  |  Category: International  |  Leave a Comment  |  132 views  |  
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Reuters: Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. An economic contraction in Japan, a shock fall in Chinese loans, a surprisingly dovish turn by the Bank of England and a sluggish reading on U.S. retail sales all combined to make any tightening in policy seem a very distant prospect. Indeed, investors suspect further easing is in the cards with data on euro zone growth and inflation later Thursday expected to pressure the European Central Bank for more action. Yields on Germany’s two-year debt actually went negative, meaning investors... 

Maliki refuses to go as Iraqis turn to new leader

Published : 1:44 am  August 15, 2014  |  Category: International  |  Leave a Comment  |  123 views  |  
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Reuters: An increasingly isolated Nuri al-Maliki again protested his removal as Iraqi prime minister on Wednesday, as his own political party and his former sponsor in Iran publicly endorsed a successor who many in Baghdad hope can halt advancing Sunni jihadists. Although abandoned by former backers in the United States and Iraq’s Shi’ite political and religious establishment, Maliki pressed his legal claim on power. Premier-designate Haider al-Abadi, meanwhile, held consultations on forming a coalition government that can unite warring factions after eight years that drove Sunnis to revolt over what they say was Maliki’s sectarian bias. Shi’ite-led government forces and their allies... 

The Uga Photography Challenge Exhibition ends on a high note

Published : 1:43 am  August 15, 2014  |  Category: Entertainment  |  Leave a Comment  |  125 views  |  

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‘I am 14 Billion Years Old’

Published : 1:42 am  August 15, 2014  |  Category: Entertainment  |  Leave a Comment  |  120 views  |  

By Godwin Fernando Many professionals, mainly scientists have told me that a divine being is not necessary to explain why there is something rather than nothing. Theology and even metaphysics are redundant disciplines, they say. To me to reject a discipline a priori is irrational, whereas the methodology of science itself is basically rational. Why do Newton’s equations say time is symmetrical, Einstein’s relativity and quantum mechanics say time is an illusion and now Smolin says time is reborn– the present moment is a fundamental aspect of reality? Why has matter been the carrier of reality over centuries, then matter dissolves away becoming an ephemeral quantum activity and now information... 

Submissions called for 59th Annual International Competition and Exhibition of Photography

Published : 1:38 am  August 15, 2014  |  Category: Entertainment  |  1 Comment  |  753 views  |  

The Photographic Society of Sri Lanka (PSSL) announced the 59th Annual Inte-rnational Competition and Exhibition of Photography which will be held from 22-24 November at the Lionel Wendt. The society’s rich history is traced back to the year 1906 when  the Amateur Photographic Society of Ceylon was formed by Henry Lorenz Wendt, the father of Lionel Wendt – lawyer, artist, pianist and photographer, the Society has continued to be at the pinnacle of Photographic activities in Sri Lanka throughout. The Society has conducted the Annual Competition and Exhibition of Photography in Sri Lanka since 1934. Later the competition and exhibition was upgraded to an Annual International Competition... 

Reflections on the Left Movement in Sri Lanka

Published : 1:38 am  August 15, 2014  |  Category: Entertainment  |  Leave a Comment  |  125 views  |  

In Pathways of the Left in Sri Lanka, the beginnings, role and evolution of a radical social movement is surveyed against the background of almost eight decades of political, social and economic change in the island. The contents of this unique volume, and its diverse contributors, are: Landmarks in the History of the Left: 1935-1980 • Santasilan Kadirgamar • Dialectics of a Modernist Project • Jayadeva Uyangoda • Left and the Trade Union Movement • Vijaya Vidyasagara • Left and the Plantations • Vijaya Kumar • Left and Religion • Paul Caspersz • Left and Mass Media in the 20th century • Ajith Samaranayake • Left Women and Political Participation • Pulsara Liyanage •... 

Asitha and Eshantha perform Schumann’s Dichterliebe and other well-loved European art songs

Published : 1:36 am  August 15, 2014  |  Category: Entertainment  |  Leave a Comment  |  77 views  |  

Tenor Asitha Tennekoon and pianist Eshantha Peiris have had several successful collaborations over the last few years. The duo will work together once more in presenting a song recital this weekend, and it may be some time before local audiences get to hear them again as they are expected to leave the country for further studies in the coming weeks. The song recital will feature works by several different composers. The main focus of the evening however, will be the famous song cycle by Robert Schumann: ‘Dichterliebe’ (The Poet’s Love). The work consists of 16 poems by the great German poet Heinrich Heine, which were set to music by Robert Schumann. The work was composed in 1840 which was... 

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