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  • Mercedes’ Hamilton hunting another win as F1 leader
    Wed, 01 Oct 2014 20:15:42 +0000 - SUZUKA, Japan (Reuters): Despite deposing Mercedes team-mate Nico Rosberg as Formula One leader, Lewis Hamilton still sees himself as very much the hunter rather than the hunted as he chases a hat-trick of victories in Sunday’s Japanese Grand Prix. Hamilton took a three-point lead in the standings after winning in Singapore last month while steering [...]
  • McIlroy named PGA Tour Player of the Year
    Wed, 01 Oct 2014 20:14:02 +0000 - REUTERS: Northern Irish world number one Rory McIlroy was named on Wednesday as the PGA Tour’s Player of the Year for a second time after a stellar 2014 campaign highlighted by two major victories. The 25-year-old, who first landed the coveted honour voted upon by his peers in 2012, won consecutive majors this season at [...]
  • Sri Lanka book date with Japan in Asian Games Rugby semi-final
    Wed, 01 Oct 2014 20:12:58 +0000 - By Shamseer Jaleel Sri Lanka will be battling it out with the current holders of the 17th Asian Games Gold, Japan, in one of the semi-final encounters today at the Namdon Rugby Asiad stadium. Sri Lanka after being beaten by South Korea (12/21) in their last group encounter went on to beat China (24/19) in [...]
  • Sanjay and Amrith clinch chief spoils at AmCham-Ford Golf Tournament
    Wed, 01 Oct 2014 20:10:24 +0000 - Sanjay Tiwari with 45 points won the AmCham-Ford Challenge Trophy under the Overall Winner Net category while Amrith De Soysa emerged the Overall Winner Gross with 41 points, at the AmCham-Ford Golf Tournament – sponsored by Future Automobiles Ltd. – held on 20 September at the Royal Colombo Golf Club (RCGC). AmCham Sri Lanka President [...]
  • Planters’ Association of Ceylon AGM
    Wed, 01 Oct 2014 20:10:22 +0000 - The 160th Annual General Meeting of the Planters’ Association of Ceylon was held at the Galadari Hotel recently. Ministry of Finance and Planning Secretary Dr P.B. Jayasundera was the Chief Guest at the function, which was attended by key industry personnel.     – Pix by Upul Abayasekara
  • Pakistan Coach questions timing of ICC crackdown on chucking
    Wed, 01 Oct 2014 20:09:04 +0000 - Hafeez and Narine have been among four players reported during the Champions League Pakistan coach Waqar Younis has questioned the timing of cricket authorities’ crackdown against chucking just months away from the World Cup, and suggested that rules on bowling actions be relaxed for spinners. In an interview with AFP, the former pace great said [...]
  • Indian boxer faces action after refusing medal
    Wed, 01 Oct 2014 20:07:50 +0000 - INCHEON, South Korea (Reuters): Indian boxer L. Sarita Devi could face disciplinary action after being reported to Asian Olympic officials for refusing to accept her bronze medal at the Asian Games on Wednesday. Sarita refused to wear the medal when it was presented to her on Wednesday, taking it only in her hand before trying [...]
  • WNS holds Basketball Tournament and Cheerleading Competition
    Wed, 01 Oct 2014 20:03:54 +0000 - WNS, the largest BPM provider in the country, with over 800 professionals providing a broad range of finance and accounting, customer care, travel, public sector, banking, revenue audits serving a large clientele gathered at the Otter Aquatic Club for the fourth year. The basketball tournament is the most eagerly-awaited event of the calendar owing to its gala [...]
  • North Korea beat Japan to win women’s soccer gold at Asiad
    Wed, 01 Oct 2014 20:02:28 +0000 - Reuters: North Korea won the Asian Games women’s soccer gold medal for a third time on Wednesday, beating 2011 World Cup winners Japan 3-1 at Munhak Stadium. The Koreans took a 2-0 lead on goals from Kim Yun Mi and skipper Ra Un Sim before Japan hit back through captain Aya Miyama. Substitute Ho Un [...]
  • Training, not birthplace, makes you win: Jamal
    Wed, 01 Oct 2014 19:58:31 +0000 - Reuters: Ethiopian-born Maryam Yusuf Jamal thanked Bahrain for giving her the chance to earn a living from athletics on Wednesday and told Reuters that her Asian Games 1,500 metres gold medal was down to intensive training, not which country she originated from. Several oil-rich Gulf states, including Bahrain and Qatar, have achieved overnight athletics success [...]
  • Coca-Cola Cricket Pathways culminates with Super Camp to promote grassroots cricket in Sri Lanka
    Wed, 01 Oct 2014 19:56:07 +0000 - 60 young cricketers received world-class training at Coca-Cola Cricket Pathways Super Camp trains best young cricketers from Season 4 of CCCP-2014 Held at SSC, comprised 20 competitive matches     The Coca-Cola Cricket Pathways (CCCP) continued to build grassroots cricketing talent in Sri Lanka by commencing the Super Camp in Colombo. Best Bowler winner Nishan [...]
  • Towards 21st century leaders
    Wed, 01 Oct 2014 19:46:15 +0000 - By Senuri De Silva The success of leaders in the 21st century depends on their adaptability to modern-day technology, communication skills, entrepreneurial skills and the ability to be team players, according to top academics in the field of accounting. Management and Science University of Malaysia, Dean of the Faculty of Business Management and Professional Studies [...]
  • MoneyGram payout at Dialog Service Centres in partnership with HNB
    Wed, 01 Oct 2014 19:35:29 +0000 - Sri Lanka’s premier mobile telecom service provider, Dialog Axiata, today announced an agreement with Hatton National Bank, Sri Lanka’s Super-Agent for global money transfer service, MoneyGram, to convert 25 Dialog Service Centres into cash payout centres. MoneyGram Regional Business Manager, South Asia Gautam Kalro, MoneyGram Senior Regional Director, South Asia Kaushik Roy, HNB MD/CEO Jonathan [...]
  • Nation Lanka Finance sells control of subsidiary for Rs. 31.5 m
    Wed, 01 Oct 2014 19:34:56 +0000 - Nation Lanka Finance Plc said yesterday that it has sold a 75% stake in subsidiary Nation Lanka Capital Ltd., for Rs. 31.5 million to Protege Investment Ltd. The stake amounting to three million shares was sold at Rs. 10.50 each. Protege Investment is a June 2012 incorporated company and located at Ward Place, Colombo 7. [...]
  • Ranjith new Chairman at Vallibel Finance
    Wed, 01 Oct 2014 19:34:40 +0000 - Former civil servant K.V.P. Ranjith De Silva has been appointed as the new Chairman of Vallibel Finance Plc. Prior to the latest appointment, De Silva served on the Board as an Independent Non Executive Director, a post he assumed on 23 April this year. De Silva was a former Secretary to Ministries of Shipping and [...]
  • HSBC in SL voted ‘Best Domestic Cash Management Bank’ in Euromoney survey
    Wed, 01 Oct 2014 19:34:16 +0000 - HSBC in Sri Lanka has been voted the ‘Best Domestic Cash Management Bank’ in Sri Lanka’ for the fifth year consecutive year in Euromoney’s highly regarded Cash Management Survey. The Euromoney Cash Management Awards are voted for by cash managers, treasury professionals and financial officers around the world. The bank has also won ‘Best Global [...]
  • LOFC expands footprint in Nittambuwa and Thambuththegama
    Wed, 01 Oct 2014 19:31:55 +0000 - The burgeoning cities of Nittambuwa and Thambuththegama warmly welcomed two new branches of Lanka ORIX Finance PLC (LOFC) recently at No. 495/2, Nambadaluwa, Nittambuwa and No. 140, Rejina Junction, Thambuththegama. The opening ceremonies of the new branches were graced by LOFC Managing Director/CEO Brindley de Zylva and Branch Network Chief Executive Ashan Nissanka, together with [...]
  • Late payment culture hinders growth for global businesses
    Wed, 01 Oct 2014 19:30:05 +0000 - Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, and that is hampering in particular small and medium-sized enterprises (SMEs). In order to [...]
  • Dollar rises above 110 yen for the first time since August 2008
    Wed, 01 Oct 2014 19:29:35 +0000 - Reuters: The dollar rose above 110 yen for the first time since August 2008 on Wednesday, continuing to ride on bullish momentum against its peers generated by gains against a flagging euro. The dollar had jumped more than 5% against the yen last month, buoyed by factors including enhanced prospects for an early rate hike [...]
  • Alliance Finance encourages 2000 students to think green
    Wed, 01 Oct 2014 19:29:19 +0000 - In its latest green initiative, Alliance Finance recently conducted the Inter-School Green Competition, with the contest’s three winning projects being funded by the company. Alliance Finance also undertook a parallel project to develop a rural school in accordance with its ‘I will if you will’ pledge. Twelve leading schools in Colombo took part in the [...]
  • EBay plans PayPal spinoff in 2015
    Wed, 01 Oct 2014 19:29:02 +0000 - REUTERS: EBay Inc plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn’s argument for a leaner company better equipped to compete in the competitive mobile payments market. EBay’s shares rose as much as 8% after the company said it would spin off PayPal as a publicly [...]
  • Rupee forwards end up on exporter dollar sales
    Wed, 01 Oct 2014 19:28:32 +0000 - Reuters: Rupee forwards recovered on Wednesday due to exporter dollar sales after falling in early trade due to equity-related outflows and importer dollar demand, dealers said. Moral suasion by the Central Bank capped any sharp fall in the local currency below 130.50, dealers said. The spot currency was not quoted on Wednesday. It was quoted [...]
  • Expolanka’s Expo Freight wins 2 Gold awards at NCE Awards
    Wed, 01 Oct 2014 19:25:04 +0000 - Continuing the winning streak from the year before and beyond, Expolanka Freight (EFL) claimed top honours, winning two gold awards at the 22nd Annual National Chamber of Exporters Awards ceremony held in Colombo. EFL claimed the Gold as the Most Outstanding Exporter – Service Providers to Exporters and Gold for the Service Providers to Exporters [...]
  • ICC Asia-Pacific Trade Facilitation workshop in Colombo next month
    Wed, 01 Oct 2014 19:22:54 +0000 - The International Chamber of Commerce Sri Lanka (ICCSL), in collaboration with the ICC World Chambers Federation (ICC/WCF), will be conducting the ‘ICC Asia-Pacific Trade Facilitation’ workshop on 19 and 20 November 2014 at the Hotel Hilton. Given the importance and role of global supply chains to growth in world trade and economic recovery, improved and [...]
  • Impressions Labels Lanka achieves important sustainability milestones
    Wed, 01 Oct 2014 19:22:39 +0000 - In an era where sustainability is considered to be at the forefront of business strategy, Impressions Labels Lanka Ltd. – one of the leading providers of labelling products in the country with a global operation – recently kick-started its corporate environmental sustainability plans by embarking on a three-year carbon and water footprinting program for its [...]
  • Minister Dr. Amunugama meets World Bank Country Director
    Wed, 01 Oct 2014 19:21:38 +0000 - Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning, Dr. Sarath Amunugama met World Bank Country Director for Sri Lanka Francoise Clottes at the Ministry of Finance on 1 October.
  • CDB renews support for CA Sri Lanka’s 35th National Conference of Chartered Accountants
    Wed, 01 Oct 2014 19:21:14 +0000 - Citizens Development Business Finance PLC (CDB) has once again renewed its support for the 35th National Conference of Chartered Accountants with a gold sponsorship. Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the annual flagship event will this year revolve around the theme ‘Rethink to Revive’ and will feature an [...]
  • MIDA invites Sri Lankans to set up businesses in Malaysia
    Wed, 01 Oct 2014 19:19:59 +0000 - MIDA officials visit Ceylon Chamber The Malaysian Investment Development Authority (MIDA), the investment promotion agency of Malaysia, has extended an invitation to Sri Lankan businesses to set up firms in Malaysia. This invitation was made by the MIDA officials, when they met local businessmen at the Ceylon Chamber of Commerce premises early this week. The [...]
  • Cabinet approves establishing a Centre of Excellence on Ocean Sciences
    Wed, 01 Oct 2014 19:19:29 +0000 - The Cabinet of Ministers this week gave approval to initiate activities to establish a Centre of Excellence on Ocean Sciences and Environment. The proposal, made by the Minister of External Affairs Prof. G.L. Peiris to establish the Indian Ocean Rim Association’s (IORA) Centre of Excellence on Ocean Sciences and Environment in Sri Lanka in consultation [...]
  • funtoone 2014-10-02
    Wed, 01 Oct 2014 19:16:59 +0000 -

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