The government’s budget for year 2011 drew many “one liners” from many political big wigs in the opposition, immediately after it was presented in Parliament by President Rajapaksa on November 22. Mangala called it a “Fairytale budget” while Harsha de Silva called it a “Damp squib”. For Anura Kumara it was an “Eye wash”. Ranil [...]
NDB Bank (NDB) walked away with a Bronze award for its “NDB Bank Savings Star” (NDBSS) campaign in the Financial Services Category at this year’s Effie Awards. Securing an Effie for the second consecutive year, the Bank was recognized by the Sri Lanka Institute of Marketing in partnership with Sri Lanka’s Advertising body, the 4A’s, [...]
By Raisa Wickrematunge Last week’s cabinet reshuffle saw not just new faces, but also new ministries. Minister Navin Dissanayake comes from an established political family. His late father was popular presidential candidate and UNP stalwart Gamini Dissanayake. In 2007, young Dissanayake crossed over to the government. At first, he was a non cabinet minister for [...]
By Capt. Elmo Jayawardena No one asked me to write this story. It’s about aviation and let me keep the aeroplane jargon to a minimum. I am a Sri Lankan and this is a proud home-grown matter. I have been long enough in the aviation game to know a thing or two about how aeroplanes [...]
Singer Finance Lanka Ltd. (SFLL) opened its latest Branch in Anuradhapura recently. Singer (Sri Lanka) Sales Director Kumara Samarasinghe (Chief Guest) was joined at the branch opening by Singer Group’s senior management executives, local businessmen, as well as Singer Finance customers. It also has branches in Kurunegala, Kandy, Matara, Wennappuwa and Wattala, and also six [...]
By Afra Naufel – Photos by Asoka Fernando The weeds stand nearly one foot tall. From a nearby tree, a motorcycle tyre, painted pink, swings forlornly. Further off is a rope, with painted coconut shells attached. Walking through a broken gate, a dilapidated building comes into view. Wires twine around the grills on the windows. [...]
LOLC Micro Credit Ltd. (LOMC), Lanka ORIX Leasing Company PLC’s (LOLC’s) micro finance company, held its inaugural Isuru Diriya Sisu Upahara Scholarship Awards Ceremony at its Head Office recently. The event was attended by Education Minister Bandula Gunawardhana (Chief Guest) who distributed gifts among the students. LOLC Group Deputy Chairperson Ishara Nanayakkara, Executive Director Mrs. [...]
Tisaranee Gunasekara Basil Rajapaksa is unabashed in claiming that in Sri Lanka an era of ‘ruler kings’ has begun. Western ideas of transparency, he claims, along with limits of presidential power and accountability, are not relevant to ‘Asian Culture’.” (The Economist – November 2011) The second term of President Rajapaksa (or the ‘Mihindu Era’, as [...]
The rugby Seven-A-Side Tournament organised by the Mercantile Rugby Football Association (MRFA) was worked off at the CR&FC grounds last Sunday (14), where 40 teams participated. The very large crowds who were present throughout the tournament, witnessed some blistering play by the teams. The number of vehicles parked outside the club, bore testimony to the interest [...]
By Abdul H. Azeez At first bite, things seem positive. But many systemic weaknesses remain. And several non-budget related factors could make or break next year’s economic performance. The budget proposed for 2011 is touted as being the most people-friendly budget yet. The government has reduced taxes and increased incentives for business, to stimulate growth [...]
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