Israel steps up Gaza ground offensive, civilian casualties grow

Published : 12:00 am  July 19, 2014  |  Category: International  |  Leave a Comment  |  213 views  |  
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Reuters: Israel stepped up its land offensive in Gaza with artillery, tanks and gunboats on Friday and declared it could “significantly widen” an operation Palestinian officials said was killing ever greater numbers of civilians.   Israeli gunboats lit up the sky with their fire before dawn while helicopters fired into the coastal enclave. Hamas fired mortar rounds at the invading troops and rockets across the border at the southern Israeli towns of Ashdod and Ashkelon. Palestinian health officials said 27 Palestinians, including a baby, two children and a 70-year-old woman, had been killed since Israel poured ground forces into the densely-populated strip of 1.8 million Palestinians... 


Lankem Robbialac paints Dalada Maligawa for 10th consecutive year

Published : 12:00 am  July 19, 2014  |  Category: CSR / Events  |  Leave a Comment  |  138 views  |  

Ahead of Esala Perahera Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints last week launched its annual ‘Varna Pooja’ to paint the entire Dalada Maligawa complex in Kandy ahead of this year’s Esala Perehera. Now in its 10th consecutive year, this annual Varna Pooja by Lankem Paints is not only one of the highlights of Lankem’s annual calendar but is also one of the numerous ancient rituals associated with the Temple of the Tooth. Lankem Ceylon PLC Director Ruwan T. Weerasinghe said, “Lankem Robbialac began this Varna Pooja as the first individual organisation to undertake an endeavour of this nature. The Dalada Maligawa is the one of the most sacred and venerated... 


Siddhalepa in Kataragama

Published : 12:00 am  July 19, 2014  |  Category: CSR / Events  |  Leave a Comment  |  86 views  |  

Siddhalepa’s Community services in the holy precincts of Kataragama were conducted this year too on a grand scale. All the flower stalls along the Kirivehera road were renovated and given a fresh coat of paint, the lamp posts were repainted and new bulbs installed, 200 waste bins were placed in the Kataragama and Kirivehera devale premises, and the name boards along the Kirivehera road were renovated. Furthermore, Lakpeyava and Iramusu drinks were served to the pilgrims and the Kirivehera temple premises were illuminated with flash lights. All the lamp posts in the Kataragama devale premises were repainted and  the five changing rooms set up by Siddhalepa for the convenience of women devotees... 


Athugalpura Asala Asiriya 2014

Published : 12:00 am  July 19, 2014  |  Category: CSR / Events  |  Leave a Comment  |  73 views  |  

Athugalpura Asala Asiriya 2014, an Asala Festival, was held on 11, 12 and 13 July 2014 at the Maligapitiya Ground in Kurunegala. The festival was conceptualised by Colonel of the Regiment of Sri Lanka National Guard Major General Udaya Perera and other senior officers of the regiment. The festival was embellished with beautiful lanterns and a ‘Bathi Gee’ concert. Lanterns were created by the officers and soldiers of the regiment. The pandol the med ‘Kali Yakshani’, which was created by officers and soldiers of the Security Force in Jaffna, dazzled the festival. A specialty was that the technical operation of the panadol was shown to everyone and the story of the pandol was available in... 


Signal Sina Bo Wewa: Phenomenal success

Published : 12:00 am  July 19, 2014  |  Category: CSR / Events  |  Leave a Comment  |  84 views  |  

30,000 people  pledging for a cavity free Sri Lanka Signal, Unilever’s iconic oral healthcare brand that celebrates a long and historic journey of 55 years, has been driving one of the country’s most successful and unique outreach programs held to date, Sina Bo Wewa, in association with the Sri Lanka Dental Association (SLDA). “It is a unique initiative with a larger purpose of creating a cavity free nation and protecting the Sri Lankan smile,” says Unilever Sri Lanka Marketing Director Siddharth Banerjee. “It is widely considered to be the most far reaching and successful oral health care outreach programs in the country.” The 20th Signal Sina Bo Weva Dental Camp was held on... 


Ukraine unrest, Gaza keep pressure on world stocks

Published : 12:00 am  July 19, 2014  |  Category: International  |  Leave a Comment  |  244 views  |  
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Reuters: World markets remained under pressure on Friday after the downing of a Malaysian airlines jet at the Ukraine-Russia border, new sanctions on Moscow and unrest in Gaza had sent investors scurrying into defensive assets. European shares saw more selling after falling heavily on Thursday, while German government bond yields remained near record lows, driven by uncertainty. World leaders demanded an international investigation into the shooting down of the Malaysian plane with 298 people on board over eastern Ukraine, as Kiev and Moscow blamed each other for a tragedy that stoked tensions between Russia and the West. Russia markets took the heaviest hit. Dollar-traded stocks in Moscow were... 


From Pradeshiya Sabha to prison!

Published : 12:00 am  July 19, 2014  |  Category: Front Page, TOP STORY  |  1 Comment  |  509 views  |  
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       Khuram Shaikh’s brother Nasser (right) with Deputy British High Commissioner Laura Davies outside the High Court – Pic by Shehan Gunaratne   Khuram’s murderers sentenced to 20 years in prison High Court convicts Tangalle PS Chairman and three others for Briton’s murder and rape of Russian girlfriend “Today I kept a promise to my brother”: Nasser Shaikh Victim’s brother, family and girlfriend in Colombo for verdict British High Commission welcomes verdicts; says officials of Attorney General’s Dept. had shown great professionalism and integrity    Tangalle Pradeshiya Sabha Chairman Sampath Vidanapathirana being escorted by policeman... 


Seychelles FM refutes Harsha’s alleged “Seychelles-Sri Lanka nexus” on Swiss accounts

Published : 12:15 am  July 18, 2014  |  Category: Front Page  |  1 Comment  |  549 views  |  
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Seychelles News Agency: The Seychelles Minister for Foreign Affairs Jean Paul Adam has categorised as “false” the allegations that Seychelles has helped Sri Lanka to transfer funds to Swiss banks. Adam was answering a question from the Leader of the Opposition in the islands’ National Assembly David Pierre who wanted clarifications on the issue of money, which according to allegations Seychelles has helped Sri Lanka to place in Swiss banks. According to recent reports in the Sri Lankan media, a member of the United National Party in the Sri Lankan Parliament has said that funds “including money swindled from development projects was deposited in Swiss banks through Seychelles”. One... 


Pharmacies bleeding; Harcourts asks CAA to grant higher retailer margin

Published : 12:14 am  July 18, 2014  |  Category: Front Page  |  Leave a Comment  |  509 views  |  

As many pharmacies are in difficulty due to high cost overruns, the Consumer Affairs Authority (CAA) has been urged to grant a higher retailer margin. “The retailer margin offered to the pharmacy retailers in Sri Lanka is the lowest in the world,” a leading pharmacy chain Harcourts has written to the CAA. The average margin given in Sri Lanka ranges from 10 to 12% for high-tech products and 15% for generic and branded products. Harcourts has recommended a minimum margin of 25% for the retail trade. CAA has been informed that globally retailers’ margin offered in other countries by the pharma trade is higher. Examples cited include 20-22% in India, 23% in Pakistan, 20% in China, 30% in Europe... 


Boston Consulting Group gets advisory role on DFCC-NDB merger

Published : 12:13 am  July 18, 2014  |  Category: Front Page  |  Leave a Comment  |  308 views  |  

Boston Consulting Group (India) Ltd. has been retained as consultants by DFCC Bank and NDB to advice the two banks on the proposed amalgamation process. In a filing to the Colombo Stock Exchange the two banks said no finality has been reached yet on the aspects of consolidation but assured shareholders, employees, regulatory authorities and investing public that they will be informed of the progress as and when necessary. DFCC and NDB in March announced that they were exploring the possibilities of amalgamation. This was in pursuance to the policies announced by the Government to encourage consolidation in the financial services industry. The two Boards realising the positives in this model entered... 


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