In an age where the Government of Sri Lanka (GoSL) is giving contracts to the Chinese without calling for tenders, thereby going against accepted norms of transparency and good governance, and leaving room to suspect corruption playing a role in the awarding of such contracts, it may be moot to point out that the Chinese [...]
Developing goods transport by rail in Sri Lanka is a slow process when considering the fact that over 90% of inland goods transport are done by road. Making the island ‘s rail transportation system work for goods transport requires the cooperation of the service provider, ie the Government owned Sri Lanka Railway (SLR) and the [...]
Respected financial powerhouse LB Finance arrived in Jaffna with a special token of friendship signalling that it intended to become an integral part of life in the northern peninsula. The latest renovations to Jaffna’s iconic Subramaniam Park were unveiled by LB Finance in conjunction with the opening of the financial giant’s northernmost branch. The park [...]
By Roel Raymond The Ministry of Health together with the Ministry of Education, is moving to bring about a healthier lifestyle among school-going children by increasing the amount of wholesome, organic food sold in school canteens and cutting down on all synthetic, preservative laden foodstuff. The concept is not new. Acting Minster of Health Mahinda [...]
By Mandana Ismail Abeywickrema A front page photograph of a weeping Maryse Limonar, Head of the International Committee of the Red Cross (ICRC) published on the front page of a weekly sunday newspaper is being disputed by the ICRC. The photograph which caused a controversy was later linked by another news website to a separate [...]
High CoL Vs. Low Income By Mandana Ismail Abeywickrema Sri Lankan consumers seem unable to move out of the financial burdens faced by them even after the war. During the period of the war consumers were expected to tighten their belts and make do with what they had to support the government’s war effort in [...]
14th Death Anniversary Falls On November 1 By Hafiz Marikar All sportspersons will always remember the late President J.R. Jayewardene as a lovable personality who played a straight bat in every sphere he undertook, be it politics or sports. In life he had a longer innings and his demise 14 years ago removed a lovable [...]
Sampath Bank Group’s Rs.3,212.4 mn. pre-tax profit for the first three quarters of 2010 recorded a Rs. 528.1 mn. or 19.7 % growth to Rs. 2,684.3 mn. Year on year (YoY), with Sampath Bank, contributing the bulk (93.2%) as the Group’s main entity. Bank’s pre-tax profit increased by Rs. 422.8 mn. (16.5%) YoY to Rs. [...]
By Dr. Asoka Thenabadu MBBS, DCH, MRCPCH Consultant Paediatrician – United Kingdom Head injuries in children is a common occurrence which causes panic in parents, grand parents and friends of the family. Although it is impossible to eliminate head injuries completely, it is possible to reduce its incidence by eliminating common hazards in the house, [...]
Central Bank of Sri Lanka’s (CBSL’s) foreign exchange (forex) reserves of US$ 6.8 billion may be its maximum level but not its optimal level, a CBSL official said, indicating that there is room for CBSL to sell down its forex levels. Giving an insight into further changes to come, CBSL Governor Ajith Cabraal told reporters [...]
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