In a bid to expand their global footprint, Godrej Locks have strengthened their presence in the Sri Lankan market through a tie up with the Abans group to promote and market their globally renowned brand of locks in Sri Lanka. The announcement was made at an event in Colombo recently where Godrej Locks showcased their [...]
Golf-World Cup – China Ireland joined Australia at the top of the World Cup leaderboard after a 68 from Rory McIlroy and Graeme McDowell in today’s foursomes lifted them to 13 under par. Starting the day two behind overnight leaders Australia, the Northern Irish duo produced six birdies and two bogeys in the alternate shot [...]
Union Bank of Colombo PLC (UBC) together with an International foreign investment Fund ShoreCap acquired over 98 % of the voting shares of The Finance and Guarantee Company Ltd. (TF&G), infusing new capital to resurrect one of Sri Lanka’s oldest finance companies at a total investment in excess of RS 1.1 billion early this month. [...]
Sri Lanka Design Festival (SLDF) 2011 conceptualised by Academy of Design (AOD), Sri Lanka’s leading design campus, kicked off with a press conference held at the official venue; Mount Lavinia Hotel recently. A prestigious panel of industrialists, government representatives and leading businessmen partnering the event joined in to announce the festival launch. AAPN Network MD [...]
BY Dinouk Colombage Britain’s Drug Baron Continues Running Empire From Behind Bars Britain’s most notorious drug baron has been issued with an extraordinary warning to stop running his multi-million-pound criminal empire from behind bars. Curtis Warren, a convicted killer who once topped Interpol’s most wanted list, is currently serving 13 years in a high security [...]
Dubai which produces no tea will be hosting a global tea forum and this desert city which produces no diamonds is geared to be the world’s third largest diamond exchange shortly. Starting small in 2002 with a US$ ($) 3-6 million turnover, the Exchange hit the $ 20 billion mark in 2009 and $ 35 [...]
By Anura Gunasekera On the day of the recent elections, Duminda Silva, ruling party politician, with his entourage of armed official and unofficial enforcers, rampaged through the streets of Kolonnawa, physically brutalising and intimidating the opposition. Although the area had been heavily policed, the compliant and neutered arm of the law chose to remain limp, [...]
India vs West Indies – Third Test – Mumbai By Dinouk Colombage West Indies continue to hold the upper hand in the third and final test match against India, as the series draws to a close. Although West Indies ended day four with a valuable 189 run lead, the test looks destined for a tame [...]
The participation of american Deputy Assistant Secretary of State Robert Scher in the recent Galle Dialogue sponsored by the Sri Lankan navy may have left many observers wondering about American participation in a dialogue with Sri Lankan defence officials— some of whom are still being accused of war crimes—- and whether the Rajapakse policy of [...]
Forex Market US dollar ($) forward markets were commanding premiums of between Rs. one to Rs. 7.50 last seen when the country’s terrorist war was on some three years ago, a market source told this reporter on Thursday. With the exchange rate (ER) now protected at Rs. 113/90 to the $ in inter-bank trading, exporters [...]
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