MR, Sharma hold talks before US meet

Published : 12:36 am  September 25, 2014  |  Category: News  |  Leave a Comment  |  357 views  |  
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President Mahinda Rajapaksa has had talks with Commonwealth Secretary-General Kamalesh Sharma ahead of a Commonwealth meeting in New York later this week. The President’s office said that Sharma discussed ongoing Commonwealth matters with the President, including the meetings in the US later this week to discuss reforms pertaining to the Commonwealth Heads of Government Meeting (CHOGM) and the Post-2015 Development Agenda.  Read More →


Navarathri in Parliament today

Published : 12:35 am  September 25, 2014  |  Category: News  |  Leave a Comment  |  232 views  |  

The annual Navarathri festival of the Parliament will be celebrated today (Thursday) at the Parliament Complex from 10 a.m. under the patronage of the Ministry of Buddha Sasana and Religious Affairs and the Department of Hindu Religious and Cultural Affairs. The Chief Guest of the Navratri will be Speaker Chamal Rajapaksa. Navarathri, literally interpreted as ‘nine nights,’ is the most celebrated Hindu festival devoted to Goddess Durga, symbolising purity and power or ‘shakti’.  Read More →


Over 140,000 credit facilities to empower NE women

Published : 12:35 am  September 25, 2014  |  Category: News  |  Leave a Comment  |  315 views  |  

By Ashwin Hemmathagama Our Lobby Correspondent Uplifting livelihoods and household incomes in the Northern and Eastern Provinces, the Government has extended credit facilities to 141,320 women to start suitable businesses during the past five years. Minister of International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama said these loans were channelled through different programs conducted by the State banks, with the aim of helping recipients resettle and start normal lives. “Since 2010 the Bank of Ceylon gave credit facilities to 7,349, People’s Bank to 62,162, Rural Development Bank to 39,279, National Savings Bank to 31,269, and the Lankaputhra... 


NDB principal sponsor of CCC’s SME forum

Published : 12:34 am  September 25, 2014  |  Category: Business  |  Leave a Comment  |  449 views  |  

The NDB Bank has come forward to sponsor the upcoming ‘National Forum on Small and Medium Enterprises Empowerment 2014’, organised by the Ceylon Chamber of Commerce. NDB will be the lead bank and principal sponsor of the upcoming forum, which will be held across two days in Colombo and will conduct a comprehensive discussion on how to empower the country’s SME sector, which plays a pivotal role in the national economy. The Ceylon Chamber and NDB recently exchanged the sponsorship agreement at the NDB head office in Colombo. The exchange took place between CCC Solutions (a fully-owned subsidiary of Ceylon Chamber) CEO / MD, Chandula Abeywickrema, and Assistant Vice President Retail, SME... 


Sri Lanka showcases SME drive at UN’s Export Forum

Published : 12:32 am  September 25, 2014  |  Category: Business  |  Leave a Comment  |  274 views  |  

EDB takes part in WEDF 2014 in Kigali! Our brands competing with global brands: EDB’s Egodage WEDF 2014 learns of Lankan SME initiatives   A well-known Sri Lankan tea brand received the keen attention of global export experts at the UN’s latest 2014 World Export Development Forum in Rwanda, while the role of Sri Lanka’s apex export body, the EDB, in enhancing SME exports was also revealed to global experts. “Several Lankan brands play an important part in Sri Lanka’s exports success. Some Lankan brands have been able to compete against larger brands from multinational companies,” said EDB Chairman and CEO Bandula Egodage, taking part in the World Export Development Forum (WEDF)... 


Sri Lanka urges consensus building as key to multilateral outcomes

Published : 12:31 am  September 25, 2014  |  Category: Business  |  Leave a Comment  |  293 views  |  

Ambassador of SL in Austria elects as President IAEA Ambassador A.L. Abdul Azeez, Permanent Representative of Sri Lanka in Vienna, Austria, was elected by acclamation as President of the 58th General Conference of the International Atomic Energy Agency (IAEA) yesterday. He took over the office of President from South Africa’s Xolisa Mabhongo, who held the post last year. Accepting the honour conferred on Sri Lanka by IAEA General Conference which consists of 162 Member States, Ambassador Azeez emphasised the continued relevance of IAEA in the area of international peace and security as the world was faced with a myriad of challenges today. Peaceful use of nuclear energy and technology through... 


Dammika, Ravi figure among Asian Gaming 2014 Top 50

Published : 12:31 am  September 25, 2014  |  Category: Front Page  |  1 Comment  |  1,828 views  |  
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Sri Lanka’s famous names in the gaming industry Dhammika Perera and Ravi Wijeratne have been included in the Asian Gaming’s magazine’s Top 50. Dhammika is named at 26 and Ravi at 48 in the seventh annual ranking of the industry’s most influential people in the gaming industry by Inside Asian Gaming magazine. Based in Macau, Inside Asian Gaming is the first and only publication devoted to one of the region’s fastest growing industries. Inside Asian Gaming has dedicated its September 2014 issue to the business men and women who are leading the way for this most dynamic of the world’s gaming regions as it marches toward the future. The top five in the list of 50 (http://www.asgam.com/news/item/2486) ... 


Sri Lanka explores new pastures in Germany

Published : 12:30 am  September 25, 2014  |  Category: Business  |  Leave a Comment  |  332 views  |  

Consul General of Sri Lanka in Frankfurt Pradip Jayewardene recently visited the Düsseldorf Chamber of Commerce, which is the Trade Chamber for the City of Düsseldorf, Capital of the Federal State of North Rhine Westphalia and the surrounding region. North Rhine Westphalia boasts the strongest economy (with Euro 56 billion GDP) of all the states in Germany and also is the most populated region (1.1 million).  Moreover, the lion’s share of the German export market is taken up by products made in this region; in fact 16% of all German exports are ‘Made in North Rhine Westphalia’. Over 100,000 companies in North Rhine Westphalia are represented internationally. Realising the importance... 


British Airways does it again; to suspend Colombo flights by March 2015

Published : 12:28 am  September 25, 2014  |  Category: Front Page  |  Leave a Comment  |  1,386 views  |  
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British Airways yesterday announced it would cease operating flights to Colombo by 28 March 2015, cutting short its return to two years after having originally pulled out in 1998. In a statement, British Airways announced changes to its flight operations from Colombo and the Maldives. “British Airways will fly to Colombo and Male until 28 March 2015. Services to Male will recommence for winter 2015, but British Airways will cease to operate flights onwards to Colombo,” the statement added. BA resumed services to Colombo in March last year. Previously it suspended operations in 1998, just three years since commencement of operations. The UK was once the biggest source market for tourists into... 


Brokers ring alarm bells over land bill

Published : 12:19 am  September 25, 2014  |  Category: Front Page, TOP STORY  |  1 Comment  |  1,393 views  |  

The Colombo Stock Brokers Association has expressed serious concerns over the proposed Land Bill by the Government, warning that if passed it will adversely impact investor confidence in the Bourse as well as the country. Reservations over and warning on the Land (Restrictions on Alienation) Bill had been communicated to Ministry of Finance and Planning Secretary Dr. P.B. Jayasundera by CSBA President Dihan Dedigama on behalf of the 23 members who actively promote important foreign portfolio and local investments into listed companies. The letter detailed a host of concerns which CSBA said would adversely impact the listed companies on the Colombo Stock Exchange. The Land Bill, the CSBA said,... 


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