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  • Tenaga launches solar-powered Cale parking metres 
    Thu, 24 Jul 2014 19:05:38 +0000 - By Senuri De Silva Tenaga Car Parks Ltd. yesterday introduced CWT Compact solar-powered parking metres to the parking industry of Sri Lanka. The machines were launched and implemented at Baron Jayathilaka Mawatha, Colombo as part of a pilot project amidst a distinguished gathering. Colombo Mayor A.J.M. Muzammil declared open the parking metre and spoke of [...]
  • Economy shows strong growth potential, but Govt. finances remain weak: Moody’s
    Thu, 24 Jul 2014 19:04:38 +0000 - Moody’s Investors Service affirmed Sri Lanka’s ‘B1’ sovereign bond rating with a Stable Outlook yesterday, citing strong growth potential of the nation, but said the weakness of Government finances is a rating constraint. However, a sustained decline in its deficit, debt and borrowing costs would be seen as credit positive, Moody’s said. Moody’s notes that [...]
  • Professor Malik Ranasinghe appointed to United Motors Board
    Thu, 24 Jul 2014 19:03:55 +0000 - United Motors Lanka PLC has appointed Professor Malik Ranasinghe as an Independent Non- Executive Director of the company with effect from 22 July. Professor Ranasinghe is a Senior Professor in Civil Engineering and the immediate past Vice-Chancellor at the University of Moratuwa (UoM). He is an International Professional Engineer, Chartered Engineer, and a Fellow of [...]
  • LOFIN, Dynaris matter settled
    Thu, 24 Jul 2014 19:03:04 +0000 - Lanka Orix Finance Plc (LOFIN) said its dispute over outstanding dues with Dynaris Holdings Ltd. has been settled in full. LOFIN earlier obtained an order from the Commercial High Court preventing Dynaris from disposing of its assets in view of a default of Rs. 100 million outstanding. “The matter has been settled in full,” LOFIN [...]
  • SLASSCOM launches first-ever strategic review for IT/BPM industry
    Thu, 24 Jul 2014 19:01:00 +0000 - SLASSCOM, the IT and knowledge services industry trade chamber in Sri Lanka, launched its first-ever IT/BPM industry review at a simple ceremony held under the patronage of Treasury Secretary Dr. P.B. Jayasundera recently. Welcoming the audience, SLASSCOM Chairman Jayantha De Silva said that the industry with strong support of the Government has shown tremendous growth [...]
  • SC dismisses Harin’s case on reallocation of seats in Uva
    Thu, 24 Jul 2014 19:00:40 +0000 - The Supreme Court yesterday dismissed a petition filed by UNP Parliamentarian Harin Fernando challenging the Election Commissioner’s reallocation of seats between districts in the Uva Province ahead of provincial polls in the region. Fernando and a voter from Badulla petitioned the Supreme Court claiming that the equality and the sovereignty of the people had been [...]
  • Silky Jayawardene puts Sri Lanka on top
    Thu, 24 Jul 2014 19:00:28 +0000 - REUTERS: Former captain Mahela Jayawardene hit a classy unbeaten century to help Sri Lanka close on 305 for five on the first day of the second test against South Africa on Thursday. In a chanceless six hours at the crease, Jayawardene finished on 140 not out made off 225 balls including one six and 16 [...]
  • Commonwealth ICT deliberations at NITC 2014
    Thu, 24 Jul 2014 19:00:11 +0000 - Sri Lanka graciously hosted Commonwealth Heads of Government Meeting (CHOGM) in November 2013. Continuing the engagement with the commonwealth, and considering the relevance of the CHOGM 2013 theme ‘Growth Equity and Inclusive Development’, Computer Society of Sri Lanka (CSSL) has taken steps to facilitate commonwealth wide deliberations at its National Information Technology Conference2014 (NITC 2014) [...]
  • Swatch Group denies working with Apple on smartwatch
    Thu, 24 Jul 2014 18:59:57 +0000 - ZURICH (Reuters): Swiss watchmaker Swatch Group has denied a media report saying it was working with technology company Apple on a smartwatch, a wearable device with interactive functions. Technology website VentureBeat said in a report on Wednesday Apple was working with “at least one partner, Swatch” on a smartwatch project, citing an unnamed source. A [...]
  • LG Electronics beats Q2 estimates as mobile division turns profit
    Thu, 24 Jul 2014 18:59:39 +0000 - Reuters: LG Electronics Inc reported on Thursday its strongest quarterly profit in more than three years, beating analyst estimates thanks to a pickup in television sales and a turnaround in its mobile phone business. The world’s second-largest TV maker after local rival Samsung Electronics Co Ltd said profit at its TV arm improved in April-June [...]
  • Army says returned 19,500 acres of land in Jaffna to civilians
    Thu, 24 Jul 2014 18:59:29 +0000 - Sri Lanka Army says that it has gradually returned a large extent of land to the original owners after reducing the size of army camps in Jaffna. Military Spokesman and Ministry of Defence, Media Center Director Brigadier Ruwan Wanigasooriya said the land occupied by the Army now has been reduced to 6,500 acres from the [...]
  • Right of Reply by Sir Desmond de Silva QC
    Thu, 24 Jul 2014 18:57:43 +0000 - With reference to the Daily FT’s FT Politics column titled ‘Changing course!’ published yesterday, the Chairman of the Advisory Board to the Commission to Investigate Into Complaints Regarding Missing Persons Sir Desmond de Silva QC said that the reference in the article that he attended and addressed a Defence Ministry conference titled ‘Defeating terrorism: The Sri Lanka experience’ was factually incorrect. He said that [...]
  • Social conciliation should be present at all levels: Basil
    Thu, 24 Jul 2014 18:57:21 +0000 - Social conciliation is an aspect that should be present in every field, community and public service, said Economic Development Minister Basil Rajapaksa. It should be present at all levels. There should be a village-to-village social conciliation, province-to-province conciliation and so on. Social conciliation should not be confined to making ethnic communities come together. It is [...]
  • Sri Lanka reiterates concerns over Gaza
    Thu, 24 Jul 2014 18:56:26 +0000 - The Government says it welcomed the convening of a special session of the Human Rights Council held yesterday to address the current human rights situation in the Occupied Palestinian Territory, including East Jerusalem and refer the Council to the Statement made by Iran on behalf of the Non Aligned Movement. A statement by the External [...]
  • All NGOs should register and indicate scope of activities: PM
    Thu, 24 Jul 2014 18:56:11 +0000 - Prime Minister D.M. Jayaratne has said that under the laws of this country all Non-Government Organisations should be registered. “While registering they should also clearly indicate the activities they will be carrying out. They cannot deviate from their stated objectives and they also cannot act contrary to the laws of this country. This situation is [...]
  • SC says no to ban on Muslim dress
    Thu, 24 Jul 2014 18:55:57 +0000 - The Supreme Court yesterday issued directives to all National and Provincial schools to permit parents from entering the school attired in their Muslim cultural attire. When a Fundamental Rights Petition was taken up by a bench headed by Chief Justice Mohan Peiris, in to the prevention of a Muslim parent entering Janadipathi Balika Vidyalaya attired [...]
  • JKH 1Q bottom line enjoys double digit growth
    Thu, 24 Jul 2014 18:53:24 +0000 - John Keells Holdings (JKH) yesterday announced double digit growth in its bottom line for the first quarter of FY15 though revenues managed to grow by only 7%. JKH said its Group Profit Before Tax (PBT) for the first quarter of the financial year 2014/15 at Rs. 3.06 billion was an increase of 39% over the [...]
  • Air Algerie flight with 116 onboard crashes
    Thu, 24 Jul 2014 18:52:05 +0000 - ALGIERS, July 24 Reuters: An Air Algerie flight that went missing en route from Burkina Faso to Algiers has crashed, an Algerian aviation official told Reuters on Thursday. The plane was carrying 110 passengers and six crew. “I can confirm that it has crashed,” the official said, declining to give details of where the plane [...]
  • Coalition for change of Constitution!
    Thu, 24 Jul 2014 18:51:45 +0000 - Uniting for a rainbow alliance? The civil society movement leading the charge on axing the presidency yesterday unveiled a six month post-electoral roadmap for constitutional change by a common candidate, creating momentum for broad opposition consensus on the issue. Marking a major milestone in the movement to field a single-issue, common opposition candidate at presidential [...]
  • Central Bank signs investment deal with Reserve Bank of India
    Thu, 24 Jul 2014 18:48:34 +0000 - The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) yesterday entered into a landmark bilateral agreement. The deal enables CBSL to further diversify its reserves management activities into Indian rupee-denominated assets, while reciprocally, RBI is able to access the Sri Lankan Government securities market, up to a maximum value equivalent [...]
  • Lady Ridgeway Child Psychiatry Unit: First-of-its-kind in Sri Lanka
    Thu, 24 Jul 2014 18:35:02 +0000 - A project funded by SriLankan Cares Trust By Fathima Riznaz Hafi The first multi-disciplinary in-patient Child Psychiatry Unit in Sri Lanka, made possible by a CSR initiative of Sri Lankan Cares, the community development arm of SriLankan Airlines, has commenced operations. The completely refurbished state-of-the-art unit in Ward No. 23 consists of a therapeutic room, [...]
  • Fast-tracking business growth and development
    Thu, 24 Jul 2014 18:33:55 +0000 - The three-day conference hosted by the Institute of Certified Management Accountants of Sri Lanka (CMA) held a comprehensive panel discussion on ‘Fast Tracking Business Growth and Development’. Moderated by Daily FT Editor Nisthar Cassim, members of the panel discussion were University of Colombo Professor in Economics Prof. Sirimal Aveyratne, Colombo Stock Exchange Chairman Vajira Kulatilaka, [...]
  • NCHS, Swinburne College Sri Lanka partner with EDEX Mid Year Expo 2014
    Thu, 24 Jul 2014 18:33:25 +0000 - The Nawaloka College of Higher Studies (NCHS) and Swinburne College Sri Lanka will partner the EDEX Mid-Year Expo 2014 as a Platinum Sponsor. Swinburne College of Sri Lanka, the local arm of Swinburne University Australia, was recently inaugurated in Sri Lanka. Its parent University, Swinburne University of Technology is a globally ranked top 400 of [...]
  • SL gearing up for CFA Institute Research Challenge 2014/2015
    Thu, 24 Jul 2014 18:33:12 +0000 - Local research challenge kicks off Singer PLC selected for investment case Teams from six universities receive top briefing on competition By Shabiya Ali Ahlam Gearing up the next generation to be equipped with best practices in equity research, the Chartered Financial Analyst (CFA) recently kicked off its 2014/2105 local research challenge. The CFA Institute Research [...]
  • Orient Finance ‘Pillars of Success’ award ceremony
    Thu, 24 Jul 2014 18:31:59 +0000 - Orient Finance PLC recently held its in-house award ceremony under the theme ‘Pillars of Success’. Held at The Kingsbury hotel, the event recognised the efforts put in by its employees. Orient Finance Chairman Dr. Dayanath Jayasooriya was also present at the event – Pix by Upul Abayasekara
  • Hercules to hit theatres today
    Thu, 24 Jul 2014 18:30:59 +0000 - Bringing to earth the story of gods, much awaited film ‘Hercules’ is set to screen in local cinemas today. The American adventure film will be released at Majestic Platinum, Colombo, Empier-3D, Liberty Lite, Sky Lite 3D, Amity Lite 2D, Milano- Kegalle-2D and Arena Katugastotha-2D. The film is imported by Liberty Cinemas. Having endured his legendary [...]
  • GSK seeks approval for world’s first malaria vaccine
    Thu, 24 Jul 2014 18:30:59 +0000 - RTS,S vaccine designed for babies, children Mosquito-borne malaria kills over 600,000 people a year British drugmaker pledges to make shot affordable for poor LONDON (Reuters): Glaxo-SmithKline said on Thursday it is applying for regulatory approval for the world’s first vaccine against malaria, designed for children in Africa. The British drugmaker said the shot, called RTS,S, [...]
  • Colombo hosts SAARCFINANCE Group Meeting, Governors’ Symposium
    Thu, 24 Jul 2014 18:30:59 +0000 - The Central Bank of Sri Lanka yesterday hosted the 28th SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium at the Central Bank of Sri Lanka on 24 July 2014. The 28th SAARCFINANCE Group Meeting was attended by governors and finance secretaries and other delegates from the central banks and ministries of finance in the SAARC region. [...]
  • Following people instead of leading them
    Thu, 24 Jul 2014 18:30:52 +0000 - When leaders are forced to take decisions related to racial sentiments or sentiments where the nation is divided very sharply, then it is a hard task. Farsighted leaders who lead from the front take strong decisions in such times and take the nation forward during the difficult period. Those who apply the fox theory of [...]
  • Sri Lankan, South African cricketers raise funds for Sri Lanka Visually Handicapped XI with Standard Chartered Bank
    Thu, 24 Jul 2014 18:30:50 +0000 -

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