American Express (AmEx) credit cards recently launched a travel promotion which allows AmEx card members to buy travel packages at 0% interest, on 12 month instalment plans at three leading travel agencies. The promotion which ends on the last day of next month is available for bookings made at Mackinnons American Express Travels, Classic Travels [...]
The exchange rate (ER) will not be depreciated after the October 8 local government elections, Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal told this reporter. That was in response to a question as to whether in order to get the balance US$ ($) 900 million under the IMF’s standby arrangement (SBA), CBSL [...]
Applications for the Ceylon Chamber of Commerce organised Best Corporate Citizen Award which closed recently are currently being evaluated. It will be held for the 8th consecutive year at the Cinnamon Grand Colombo on November 4. The annual award intends to promote Strategic Corporate Sustainability and Corporate Social Responsibility (CSR) among the Sri Lankan business [...]
By Dinouk Colombage Australia’s tour of Sri Lanka came to a conclusion on Tuesday, and with it concluded an unsuccessful period for the hosts. Having won the two T20 matches back in August, the fortunes of the home side took a downward spiral from then onwards. A 3-2 loss in the one day series, followed [...]
Indian Prime Minister Dr. Manmohan Singh has told President Mahinda Rajapaksa that there was no need for outside intervention in Sri Lanka if the government successfully addresses the Tamil issue, the Indian Prime Minister’s office said yesterday. The Indian Premier had said this when he met President Rajapaksa in New York on Friday on the [...]
Debt crises in the Euro zone and in the USA coupled with alleged manipulation in the Colombo bourse continued to impinge on the market which fell by 136.32 points (2%) week on week to 6,734.60 points on Friday. The system is further compounded with junk stocks racing up and down (meaning that they go up [...]
By Dinouk Colombage Sri Lanka’s search for a new coach has come to an end with Sri Lanka Cricket announcing that Geoff Marsh has taken up the position. In a press release from SLC, it was announced that the former Australian test player and World Cup winning coach had signed a two year contract with [...]
Quality Assurance of Construction Materials” will be the topic of a seminar that will be held in Colombo on Tuesday.Among the speakers are Moratuwa University’s Prof. Anura Nanayakkara who will speak on Sri Lankan standards for cement and aggregate, Prof. Priyan Dias (specifications for steel and concrete), Dr. Premini Hettiarachchi (“Timber-To Better Use”), Civil Engineering [...]
Central Bank of Sri Lanka (CBSL) which stopped its open market operations (OMO) to mop up excess liquidity nearly a year ago, resumed the same on Monday. The last such auction prior to that of Monday’s was held on October 19 of last year. OMO is held to drain excess liquidity from the market. However [...]
Sri Lanka has lodged a complaint with the UN regarding the release of the “Darusman report” and it being handed over to the UN Human Rights Council. The complaint was reportedly made at a meeting held between External Affairs Minister G. L. Peiris and Under-Secretary-General of the United Nations for Political Affairs Lynn Pascoe. The [...]
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