The annual Inter-House Old Boys’ Softball Cricket Tournament organised by the Colombo Branch of the TCK OBA will take place at the CH&FC grounds, Maitland Place on Wednesday, April 28 commencing 8.30 a.m. A keen tussle for supremacy is assured with Trinity cricket stalwarts of yesteryear in the fray. Lemuel House comes into the tournament [...]
Japanese authorities in Colombo and the Government have begun discussions to iron out problems faced by Japanese investors here, officials said. Among the problems identified were Sri Lanka’s “complex” tax system, delay in v.a.t. refunds, rigid labour laws, unannounced power cuts in e.p.z. zones, the B.o.I. not being the “one stop” shop it once was [...]
By Raisa Wickrematunge Popular UNP MP Sajith Premadasa denied knowledge of a proposal to appoint him Co-Deputy Leader of the UNP. “There is a lot of talk I don’t trust. There are several permutations of this rumour, sort of farcical talk before it happens,” Premadasa said. However a UNP parliamentarian who is also a close [...]
By R. Wijewardene Last year the nation was gripped by the saga of Golden Key. The largest financial disaster in the nations history. In December 2008 The Golden Key card company’s 9,000 depositors were told that they would not be able to withdraw the deposits they had made into Ceylinco’s high interest card scheme. One [...]
By Aaron Jude Weinman This week in Europe all eyes were on the semi-finals of the coveted UEFA Champions league. Bayern Munich played host to former French champions, Lyon, while Jose Mourinho’s Inter Milan matched up against Barcelona. At the Allianz Arena, Bayern Munich have gained a slender advantage over Lyon courtesy of a brilliant [...]
Unsettled conditions in Thailand, the world’s largest rubber producer, coupled with inclement weather and global economic recovery pushed rubber prices to record levels at Tuesday’s Colombo Auctions, with “RSS1” and “Latex Crepe IX” fetching the highest ever price of Rs. 450 a kilo each at the auction. The total quantities sold at this price were [...]
by Department For International Development (UK) (dfid.gov.uk) It’s only 9am but already it’s over 30 degrees in the ‘Vanni’, the rice-bowl region of northern Sri Lanka. Yet Saila Jan, a 29 year-old mother of two, has already been at work for a couple of hours and is now taking a well earned break from the [...]
We write about human beings every week. Rightly so, for we consider that we are the ‘all important.’ But we at The Sunday Leader have not forgotten that other living beings have rights too. As humans beings in their fast race towards life and living destroy both the rights and lives of other living beings, [...]
Bank borrowing rates at 18-24% have sounded the death knell to industries, an opposition politico claimed. U.N.P. M.P. Ravi Karunanayake speaking at a function in Colombo recently said that prohibitive interest rates, in the context of industries’ annual rate of return of a mere 12%, lower than bank borrowing rates, have made local industries uncompetitive. [...]
Hatton National Bank (HNB) M.D./C.E.O Rajendra Theagarajah awarded QFC- Asian Banker Leadership Achievement Award for Sri Lanka for 2010. The award is part of Asian Bankers commitment to promote the importance of leadership in developing a sound and sustainable financial services industry. The research study for the award programme is backed by the Qatar Financial [...]
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