Sri Lanka’s January inflation slowed down marginally to stand at 6.8% compared to the 6.9% recorded during the month of December 2010.
During January last year the inflation stood at 6.5%.
Analyst says the country’s inflation is likely to see an upward trend during this year owing to the high commodity prices in the world market.
Recently the [...]
January 31, 2011 5:29 PM | Posted in
Economy |
Read More »
Ministry of Power and Energy has launched a “Mobile Service” to provide speedy solutions to the problems faced by the Electricity consumers.
The first such program was held in Matugama recently with the participation of Minister of Power and Energy Champika Ranawaka.
Under this program, Senior CEB officials along with the Ministry officials will be present at [...]
January 31, 2011 2:46 PM | Posted in
Other |
Read More »
Indian Foreign Secretary Mrs. Nirupama Rao who visited the country met President Mahinda Rajapaksa this morning.
The meeting took place at the Presidents House.
External Affairs Minister Professor G.L. Peiris and Indian High Commissioner Ashok K. Kantha were also present at the occasion.
Indian media reported that Rao’s visit to Sri Lanka is aimed at discussing the recent [...]
January 31, 2011 1:15 PM | Posted in
Other,
Diplomacy |
Read More »
Sri Lanka’s leading Mobile operator Dialog Axiata PLC has incorporated a new company to provide IT enabled services.
The Company which is named as “Dialog Business Services (private) Limited”, will function as a wholly owned subsidiary of Dialog Axiata PLC.
Dialog in a stock market filing announced that at this point of time, DBS is non operational [...]
January 31, 2011 9:21 AM | Posted in
Business & Finance |
Read More »
The Colombo Stock Exchange says it is now in the process of strengthening its management capacity to gear itself to deal with the anticipated economic growth in the coming years.
Accordingly CSE has called applications from professionally qualified candidates to fill 4 senior executive positions.
Some of the positions are newly created and some already exist, but [...]
January 31, 2011 7:29 AM | Posted in
Markets,
Stock Market |
Read More »
New Delhi: The Tata Nano could soon be seen on the roads of Thailand, Bangladesh and Sri Lanka.
Tata Motors’ chief executive officer Carl-Peter Forster said the company “will go after these markets one after another. The Nano is a raw diamond that needs polishing”.
He was speaking on the sidelines of a global auto event.
Last year, [...]
January 30, 2011 9:17 AM | Posted in
Business & Finance |
Read More »
K Shriniwas Rao
No amount of analysis for the World Cup can disregard the fact that when you’re playing in the subcontinent, the batsmen will dominate the game. Flat tracks, low bounce, turning pitches and short boundaries mean pacers have got their work cut out.
The idea of a 50-over game in the subcontinent has hardly been [...]
January 29, 2011 11:14 AM | Posted in
Other,
Sports |
Read More »
Sri Lanka’s once war ravaged Northern town of Jaffna is planning to hold a mega music festival during March this year to revive the regions “Folk Art Forms”.
Organizers say the event which is named as the “Jaffna Music Festival” will see diverse traditional folk art forms of the country in display with artists from the [...]
January 28, 2011 6:53 PM | Posted in
Education |
Read More »
Sampath Bank is planning to introduce an Employee Share Option Plan for 2011 subjected to the Bank achieving certain performance criteria for the year.
Under the proposed ESOP, new shares up to 2% of the existing number of 152.80 million shares will be created and offered to the Bank staff upon achieving the set targets.
A stock [...]
January 28, 2011 3:38 PM | Posted in
Markets,
Stock Market |
Read More »
Central Bank Governor Ajith Nivard Cabraal says the Government’s spending on defense, indicates its “restraint” and “thrift” adopted during its counter terrorism effort.
Cabraal says contrary to the popular belief, Sri Lanka has only expanded just about 4% of its GDP on defense during the period of 2006 to 2009, when the offensive against LTTE was [...]
January 28, 2011 12:07 PM | Posted in
Politics |
Read More »
