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It’s that time of the year again where people gear up to celebrate the season. This person, like others, hopes that he could lessen the burden on his head by selling the bananas and earn enough to celebrate the New Year.
Full Article Saturday, 11 April 2015 00:00
Monday Colombo stock market started weekly operations on a negative note where bourse witnessed a lackluster trading session. Main index failed to maintain the positive momentum and lost 30.63 index points or 0.44% to end at 6,917.51. Meanwhile S&P SL20 index declined by 15.71 index points (-0.40%) to close at 3,893.87.
Full Article Saturday, 11 April 2015 00:00
Acting U.S. Ambassador to Sri Lanka Andrew C. Mann extended his enthusiastic support to Kandy’s first mixed development project – Dynasty Residence - led by prominent Sri Lankan-American entrepreneur Mahasen Samaravijaya during a recent visit to the construction site. Hailing Dynasty Residence as a pioneering effort and a landmark in Sri Lankan-American economic ties, Mann commended the project’s unique vision…
Full Article Saturday, 11 April 2015 00:00
CA Sri Lanka’s 29th International Student Conference organised by the CA Students’ Society will be held on April 8 at The Kingsbury. This year’s conference is themed ‘Train, Ignite, Inspire,’ carving a path for the CA Students to visualise, seek and work towards sustainable development while improving as an individual to meet the competitive corporate world ahead with much vigor…
Full Article Saturday, 11 April 2015 00:00
Since the beginning of the recent Presidential election campaign, development projects initiated or implemented by the Rajapaksa administration have come under severe criticism by the Opposition, mainly on the grounds of corruption or wasteful expenditure. Although the allegations are still being made and are yet to be substantiated in a court of law, it is reasonable to assume that a...
Full Article Saturday, 11 April 2015 00:00
Sri Lankan Importers and Exporters should change their work times and pattern to suit the 24X7 Customs operation, which is a giant step in trade facilitation, says the Import section of the Ceylon Chamber of Commerce. The Import Section of the CCC says, this would give the trade enormous gains in terms of cost and time and urge the importers...
Full Article Saturday, 11 April 2015 00:00
Pakistan and Sri Lanka have signed six agreements, including one on atomic energy as the strategically important island nation looks to build its first nuclear plant. Earlier, Sri Lanka signed a pact with India in February to build its atomic energy infrastructure, including training of personnel. Sri Lanka’s new president Maithripala Sirisena came to power in January in the wake...
Full Article Saturday, 11 April 2015 00:00
Executive SummaryThe BoI’s mandate in the investigation into SLA was, inter alia, to assess whether there was prima facie evidence of (i) abuse of power by the Board and the Senior Management of SLA; (ii) whether there was evidence of irregularities in the procurement and/or leasing of Aircraft; (iii) whether due process has been followed in the procurement of...
Full Article Saturday, 11 April 2015 00:00
The National Medicinal Drugs Regulatory Authority Bill, which provides provision for the formation of a Medicinal Drugs Regulatory Authority, was passed in Parliament with amendments on March 6, 2015. In this article, G D Dayaratne takes a look at the challenges in effectively implementing the policy.History and emergence  The concept of essential medicine was initiated in 1962 with the establishment…
Full Article Saturday, 11 April 2015 00:00
Reading some of the views expressed by the Chairman, Planters’ Association, it is quite apparent that the tea industry is in dire straits giving a symptomatic impression that viability is being seriously threatened. Tea industry crisis is heard frequently and repeatedly. Why no remedy elucidated? We have failed in the search for a sustainable and viable solution to...
Full Article Saturday, 11 April 2015 00:00
The World Cup winning soccer star of Spain, Carles Puyol who was on a holiday in the south coast of Sri Lanka recently posted two beautiful pictures from his experiences in Sri Lanka which garnered more than one million views and 65,000 likes on his public Facebook page as at last week. The two pictures are the...
Full Article Saturday, 11 April 2015 00:00
For better accessibility to customers and in line with its growth strategy, Asian Alliance Insurance PLC, part of the Softlogic Group, announced the relocation of their Life Corporate office to its own premises at R. A. De Mel Mawatha, Colombo 3. The new office, completely refurbished to reflect the modern and dynamic brand personality was ceremonially opened by Chairman...
Full Article Saturday, 11 April 2015 00:00
Abans flagship brand LG is the market leader for Air Conditioners and Refrigerators with a strong demand for other home appliances, IT equipment, and mobile phones. LG Double Door Refrigerators equipped with LGs Smart Inverter Compressor automatically adjusts its speed to deliver the precise cooling required according to the quantity of food stored inside...
Full Article Saturday, 11 April 2015 00:00
Sri Lanka’s leading Oral Care brand, Signal, recently demonstrated its commitment towards mobilizing a national effort to work towards a “Cavity Free Sri Lanka”. The brand set out to ensure overall good oral health by setting a unique Guinness World Record with the participation of schoolchildren and the dental community. This landmark event, held in Kandy, set the...
Full Article Saturday, 11 April 2015 00:00
Etisalat Lanka, a forerunner in enabling e-learning to the Sri Lankan student population, re-launched its self-learning platform ‘Web Patashala’ to provide an easier and more convenient self-learning tool for key subjects of the Grade 5 scholarship and selective subjects for G.C.E. Ordinary Level (O/L) and Grade 7 to 9 examinations. Web Patashala is an e-learning platform that enables local students…
Full Article Saturday, 11 April 2015 00:00
Fonterra Brands Sri Lanka has opened a new water and sanitation facility at Jayatilake Vidyalaya, providing 200 schoolchildren access to clean running water and sanitation facilities in the community of Kiriwathuduwa in Homagama. The project is part of Fonterra’s Grass Roots Fund which was launched last year to support community projects that have a positive social, economic or environmental impact…
Full Article Saturday, 11 April 2015 00:00
Elephant House sausages once again has revolutionized the aspects of taste with the launch of its newest product, the Elephant House Black Forest Sausage. Black Forest sausage is a pork based sausage and its piquancy is brought to life with a palatable mix of aroma and flavor of natural spices from Sri Lanka. Among these spices are cardamom, nutmeg,
Full Article Saturday, 11 April 2015 00:00
Since the inception of the SLIM-Nielsen People’s Awards in 2006, Singer has taken home the award for People’s Brand of the Year every single year. This year was no different, with the consumer durables giant earning the most prestigious accolade once again. The coveted prize is awarded to the country’s most favored brand...
Full Article Saturday, 11 April 2015 00:00
DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank, recently launched a special ‘Salli Mallai’ Avurudu promotion to celebrate the Sinhala and Tamil New Year. The promotion will entitle customers for special benefits and will be valid from 6 April to 20 April 2015, at all DVB branches island-wide.DVB will be offering customers an 8% deposit rate on a…
Full Article Saturday, 11 April 2015 00:00
The bi-annual Colombo Shopping Festival, which commenced at the BMICH on Wednesday April 8, will continue until April 12, 2015. The five-day festival provides shoppers a range of discounts on a wide spectrum of goods especially in view of the upcoming Sinhala and Tamil New Year. Here some photographs captured on the opening day.
Full Article Saturday, 11 April 2015 00:00

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