The cabinet has agreed to amend the Motor Traffic Act to impose spot fines against drivers contravening the seat belt regulations. At present the drivers and the passengers in the front seats of certain categories of vehicles that have registration numbers beginning with English letters shall essentially wear the seat belt. In keeping with the [...]
Alpha Industries, the undisputed market leader for all types of security safes, light metal & melamine wood based furniture and turnkey office interior “fit outs,” recently commissioned another manufacturing facility at Palagama recently. The Palagama facility is the Company’s 3rd factory (after Mattegoda and Ragama) and plans are afoot to regionalize their manufacturing “versatility” countrywide [...]
Pakistan vs Bangladesh – Second Test Preview Bangladesh coach Stuart Law admits his side will find it tough to turn their form around in the second Test against Pakistan in Mirpur. Law’s team crumbled to a humiliating innings-and-184 run defeat in the opening Test and the Australian knows they are unlikely to find things [...]
Rugby Football Former Italy and Japan coach and a member of the winning All Blacks world cup team of 1987, John Kirwan has thrown his hat into the ring to become England’s new manager. The All Blacks legend who was in charge of the Brave Blossoms during the recently concluded World Cup admits it would [...]
Central Bank of Sri Lanka (CBSL) has approved the granting of a license to Commercial Leasing Company Limited (CLC) to operate as a finance company. This approval will require the holding company Lanka ORIX Leasing Company (LOLC) to divest 10% of its shareholding in compliance with CBSL’s mandatory listing rules for Finance Companies. As a [...]
Andy Flower gave a ringing endorsement of England’s on-pitch behaviour under Alastair Cook’s captaincy. The England coach found himself answering many more questions about the tourists’ conduct in the middle than their descent to an early defeat against India in the five-match one-day international series.Two matches remain to be played, and England already know the [...]
Since its inception Union Bank of Colombo PLC (UBC) has been synonymous for launching many firsts in Sri Lanka’s banking industry. Adding to its list of innovative banking products UBC launched the “55Plus” Senior Citizens fixed deposit bundling together the benefits of a high monthly interest and the unique value addition of paying three months [...]
The diversified and privately held billion rupee Senok Group of companies will launch a helicopter service coinciding with the island’s tourist season which kicks off in another two months time in November. The company which is involved in exports, energy, construction and transportation will be bringing down two helicopters of French make with room to [...]
The “China” threat in the Asian-African region and the need for India to play a proactive role was subtly highlighted by a retired Indian foreign secretary. Ambassador Shashank speaking at a South Asian Rotary Conference in Colombo on Sunday said that China is enlarging its footprint in Africa and Asia. Who will take the lead [...]
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