How may the economy be growing at over 5% when private sector credit growth has slowed down to the single digit level and while Sri Lanka is supposed to have had reached middle income status, a third of its population however were still living on food stamps, were questions that this reporter posed to an IMF delegation at a press conference in Colombo last week. IMF's Mission Chief to ...
Exxon Shell Likely Bidders In Oil Gas Block Auction
Oil majors Exxon Mobil Corp, Royal Dutch Shell Plcand France's Total have shown interest in bidding for blocks offered in Sri Lanka's current licensing round, the regulator said last week. Sri Lanka has tried to reinvigorate oil and gas exploration efforts since the end of a three-decade war in May 2009. The country does not currently produce oil and spent $5 billion on imports in ...
CBSL Continues To Treat Gold As Riskless Asset
Despite the recent fall in gold prices, Central Bank of Sri Lanka (CBSL) continues to deem gold as a zero risk weighted asset, with banks not liable to make any mandatory provisioning against such assets. This was revealed by CBSL's Director Bank Supervision Yvette Fernando to a question posed by this reporter at a seminar on "Risk Management" held in Colombo on Thursday ...
2014 Epoch Year For Sino-SL Economic Relations
Ambassador Wu Jianghao Next year will be epoch making for China-Sri Lanka economic relations, China's envoy to Sri Lanka speaking at a function in Colombo on Monday (September 23) said. Ambassador Wu Jianghao said that China's Central TV was involved in a project, doing island-wide coverage of Sri Lanka. This is currently being beamed in China. This would result in an increase in the ...
TNA Wants Autonomous State ? Suresh Premachandran
Having won the majority of the seats in the concluded Northern Provincial Council elections, the TNA is sceptical about the intentions of the government and their sincerity in addressing the concerns of the Tamil people. TNA parliamentarian Suresh Premachandran, in an interview with The Sunday Leader, stated that the government is simply exaggerating the LTTE threat by speculating on LTTE cadres ...
41 Indian fishermen released from Lankan custody return home
Forty-one Tamil Nadu fishermen, arrested by Sri Lankan Navy on charges of crossing the International Boundary Line, returned to India on Saturday after a Sri Lankan court ordered their release a few days back, Indian media ...
Preliminary Probe Clears Soldier Of Rape
Preliminary investigations have found that there was no evidence to charge a Sri Lankan soldier of raping a woman in Haiti. Three senior officers of a five-member Court of Inquiry (CoI) appointed to investigate an alleged molestation attempt of a Haitian woman by a member of the Sri Lankan contingent, serving the UN Peacekeeping Mission (MINUSTAH) in Leogane, has already left for Haiti. ...
Winning Career Begins At IIHE
"The decision to select the Wales MBA at IIHE was the best strategic move I've made when aspiring to elevate my career to a higher level. I am indeed proud to be an alumni of probably the most challenging, yet rewarding MBA offered in Sri Lanka," says Ray Abeywardana, Director Colombo Stock Exchange. This is just one of many success stories created every day by IIHE MBA students. ...
AME Adds More Value To Diploma In Business Management
Increased interest among the young generation to follow educational programs, which cater to the modern day requirements are highly noticeable. Such education arms you with necessary tools to face the world with confidence and gain success. Among the diverse range of professional academia - CIMA, ACCA, CMA, and ICASL are among the most preferred. Since 2001, the Academy of Management Education ...
SriLankan Offers ?Early Bird? Discounts To Bangalore
SriLankan, the national carrier, is offering discounts to those who travel to Bangalore on an 'early bird' basis. A return ticket which is generally sold at Rs. 14,000 has been reduced by 22% to Rs. 10,900 under this promotional programme which ends on November 30. SriLankan in this discounted fare arrangement is targeting Buddhist pilgrims who may have an aversion to travel to their ...
Arrivals From Japan To Reach 50000
Being photographed with Sri Lankan wildlife, Sanjeevani Ariyaratne of SLTPB and Admiral (Retd.) Wasantha Karannagoda, Sri Lanka's ambassador in Japan with the award and Long queues for a cup of Ceylon ...
Tourism Promotion In Ukraine From Oct. 1 ? 14
In continuation of 'Mega Tourism Caravan' held in August 2013 in the Republic of Belarus, 'Tourism Promotional Campaign' in CIS countries, the embassy of Sri Lanka in the Russian Federation with the collaboration of the Sri Lanka Tourism Promotion Bureau will launch the fourth phase of the promotion campaign in the Ukraine from 1 to 14 October 2013. This time the campaign ...
SriLankan Ready To Welcome CHOGM Attendees
When Sri Lanka is anticipating to welcome the heads of the Commonwealth states for CHOGM 2013 (Commonwealth Heads of Government Meeting) to be held in Colombo in November, SriLankan Airlines, the national carrier will be taking "Sri Lanka to the world" with a fleet bearing the CHOGM 2013 logo promoting the event at its online destinations. SriLankan Airlines' entire fleet of ...
British Airways Superjumbo On First Long-haul Flight
Rolling out the red carpet for the superjumbo of British Airways, the British Airways A380 took to the skies for its first long haul flight on Tuesday, September 24, on the BA269 to Los Angeles at 4.15pm. It will be the first and only A380 aircraft to operate between London and Los Angeles. To mark the launch of the new service, passengers in Terminal 5 had to double take, as George Clooney, ...
VIDEO TNA can?t ask for withdrawal of troops from North ? President
President Mahinda Rajapaska says that the Tamil National Alliance cannot ask for the army to be withdrawn from the Northern Province and that presence of the military is required to maintain security within the ...
TNA To Contest Southern Polls
Hot on the heels of its victory at the Northern Provincial Council elections, the Tamil National Alliance (TNA) says it is considering contesting provincial elections in the South. TNA MP M.A. Sumanthiran said that the TNA is confident of garnering support from the Tamils in the South. He said that the Tamils in the North had given overwhelming support to the TNA manifesto at the Northern ...
5-member committee to probe ballot papers controversy
The Department of Elections has commenced preliminary inquiries into the discovery of marked ballot papers at a school in Puttalam, an official said today.Three bags filled with marked ballot papers were found inside a building of St. ...
Woman dies in Puttalam house fire
A woman was killed in a fire which broke out at a residence in Daluwawella, Puttalam this morning. Police said the fire had erupted at around 1.30am today and that residents in the area had discovered the ...
Mahinda Rajapaksa This is all propaganda
The report paints a grim picture of the country: The military is dominating Sri Lanka's life in many areas; critics of the government are abused, silenced or killed; and minorities such as Buddhists, Christians and Muslims are attacked, the report stated. All under the watch of President Mahinda Rajapaksa, who was elected in 2005 and re-elected by his people three years ago - a man who is ...
Verugal PS Chairman released on bail
The Chairman of the TNA controlled Verugal Pradeshiya Sabha, who was arrested in connection with a financial fraud, has been released on bail by the Muthur ...
Sri Lankan nationals in court over cash machine frauds
Four Sri Lankan men have appeared in court in connection with a series of cash machine scams around Gloucestershire, England.Basheer Mustafa Ebrahim, 21, and Ashok Balasubramanian, 22; Thanfavel Vilvanadham, 50, all of South End Road in Croydon, London; and Kusalakumar Sithambarapillai, 48, of Barnard Gardens in Hayes, Middlesex were arrested on the M25 in Surrey on Monday, September 23.The Sri ...
Tamil Nadu Andhra Pradesh sitting on bed of diamonds Report
Avast area in southeast India - 200,000 sq km - could contain diamond-bearing rocks, says a report published in the August issue of ...
Source: http://www.srilankannews.net/index.php/sid/217382911/scat/119937e494dd663e
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