A Government official likened the current G.S.P. + crisis to the situation that existed immediately prior to the withdrawal of the Multi Fibre Arrangement (M.F.A.),where prophets of doom predicted the worst, but the garment industry proved otherwise. Central Bank of Sri Lanka (C.B.S.L.) Governor Ajith Nivard Cabraal told reporters on Thursday that the upturn in [...]
By Cassandra Mascarenhas A shocking incident of brutality was captured on tape by a cameraman attached to Telshan Networks Pvt. Ltd. Thursday afternoon showing video footage of a policeman and one other beating to death 26 year old Balawarnan Sivakumar in Bambalapitiya. Sivakumar, a resident of Ratmalana was said to be of unsound mind. The [...]
By Michael Hardy Until recently, life was pretty swell for Raj Rajaratnam. As the world’s richest Sri Lankan and the director of Galleon Group, one of America’s top hedge funds, the 52-year-old, old boy of S. Thomas’ College lived the life of a king. But on Friday, October 16, it all came crashing down when [...]
Hatton National Bank announced its decision to reduce interest rates in an effort to support the government in stimulating the country’s growth. The Bank took this decision after taking into consideration the recent announcement made by the President requesting all state banks to reduce interest rates. The reduction in rates will be applicable for new [...]
HSBC Sri Lanka has been voted Best Domestic Cash Manager in Sri Lanka in the Euromoney Cash Management Poll 2009. This marks the second award for HSBC Sri Lanka in 2009, having won the Best Corporate Internet Bank award earlier this year. HSBC has received a total of 24 cash management related awards in the [...]
Chevron Lubricants Lanka PLC, marketers of Caltex branded lubricants, recently made a donation of specially manufactured umbrellas to all participants who attended a ceremony organized by the Sri Lanka Council of Visually Handicapped Graduates, to mark International White Cane Day 2009, reiterating the company’s support and commitment towards promoting equal opportunities for the country’s visually-handicapped [...]
Qwest Destinations offer the valuable service to Christ’s children in Sri Lanka and abroad by organizing pilgrimages throughout the year which covers significant Holy sites around the world. The world famous Passion Play filled with stunning theatrical magnificence and wrapped in raw spiritual emotion is held only once every 10 years in the village of [...]
The Welfare Society of People’s Leasing in association with Annesley Malawana will present a star studded musical show Going Down Memory Lane With People’s Leasing on November 7 at the Bishop’s College Auditorium at 7 p.m. The Dharmaratne Brothers, Mariazelle Gunatileke, Indrani Perera, Rajive Sebastian, Ronnie Lietch and Annesley Malawana will perform at the show. [...]
Renowned hairdresser/ beautician Ramzi Rahaman is the first Sri Lankan to qualify in the Air Brush course at the Kryolan Mephisto Professional Make up Academy in Chennai. Ramzi said that this course was designed for high definition cameras and as a result one could use air guns which is the ‘in’ thing. Special liquid foundations [...]
Institute of Chartered Accountants of Sri Lanka’s (ICASL’s) CEO Forum to be held in Colombo on Wednesday will feature RAM Holdings Malaysia’s Group Chief Economist Dr. Yeah Kim Leng who will speak on the topic ‘Sri Lanka’s Economic Prospects and Challenges; Positioning for Global Recovery in 2010 and beyond’.
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