Sri Lanka’s tariff policy appears to be skewed. On the one hand it has high tariffs to protect the low value local confectionery industry, but on the other hand it reduced the tariffs on imported electronic goods last year, forcing Singer, a multinational company which manufactures high valued electronic goods such as washing machines and [...]
Sri Lanka Cricket announced the appointment of former skipper Marvan Atapattu as the teams batting coach ahead of their tour of England in May. The decision comes hot on the heels of the appointment of Tillakaratne Dilshan as captain, who took over after Kumar Sangakkara’s resignation following the World Cup final loss to India. Further [...]
By Maryam Azwer President Mahinda Rajapaksa’s name has been left out of the 2011 TIME 100 most influential people list. This came as a shock to some after ill-informed government officials started lobbying people, both here and abroad, to vote for the President at the TIME 100 poll, presumably believing that this would lead to [...]
In the foreign exchange (forex) market, State owned Central Bank of Sri Lanka (CBSL) for the second day running artificially pushed the local currency up, by another 10 Sri Lanka cents (SLc) at Thursday’s trading, following a similar push, of an equivalent value, at the previous day’s (Wednesday’s) trading as well. As a result the [...]
We can more than understand the emotions that bedevil Mahinda Rajapaksa following the advisory report on possible war crimes in Sri Lanka which was handed over to the UN Chief Ban Ki-Moon. But we must at this juncture point out a few salient facts to Sri Lanka’s moonstruck public – poised to raise a show [...]
By Lewie Diasz* Golf is a game I love. Whether you play it or not, business managers can derive an array of vital lessons from the game which can be applied in management and in most instances cannot be learnt in Management books. Moreover, it can fundamentally teach you many things about life within four [...]
Issues Ultimatum After Rosy’s Letter Newly appointed Co Deputy Leader of the UNP, Sajith Premadasa has threatened to quit from posts held by him in the party and the Working Committee if the party’s Advisory Committee that is to meet on May 2 fails to do justice to the pro-reform-members of the party. The party’s [...]
Softlogic Information Technologies (Pvt) Ltd., one of Sri Lanka’s premier IT companies and a Softlogic Holdings pioneering subsidiary, has ventured in to a distributor partnership with gaming brand Alienware at a recently held event in Colombo. PC Gamers in Sri Lanka now have five new ways to level up with a fleet of high-performance gaming [...]
Total outstanding Government debt as at end December last year increased by 1.2% (Rs. 53 billion) month on month (MoM) to Rs. 4,590.2 billion. Its year on year (YoY) increase was much steeper, at 10.3% (Rs. 428.8 billion) to Rs. 4,590.2 billion. Total outstanding Government debt as at end of last year comprised domestic debt: [...]
HAD it not really been Hobson’s choice, Tillakaratne Dilshan’s appointment last week as Sri Lanka captain would surely have opened up a can of worms. Not that a different appointee would’ve passed without debate either; the choice, whoever, is, after all, a subjective thing, and so fertile ground for polemics. Were alternative candidates available, Dilshan [...]
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