We have a debt to pay to our fans, Sangakkara says

We have a debt to pay to our fans, Sangakkara says Below is an exclusive interview given by Sri...

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Sri Lanka can start making quick progress in the ‘sevens rugby’ – Phil Greening

Sri Lanka can start making quick progress in the ‘sevens rugby’ – Phil Greening Sri Lanka’s National Rugby Coach Phil Greening, the...

 

Archive for ‘March, 2011’

Trans Fats Cause Majority of Heart Attacks in Sri Lanka

Trans Fats Cause Majority of Heart Attacks in Sri Lanka

The Trans-Fat in food content has become one of the major causes of heart attacks. This has been revealed after a study was conducted in Sri Lanka.
Following the unpleasant situation, the World Bank has requested Sri Lanka to improve the laws for the processed food.
The concern is to improve the quality and packaging of the [...]

Enjoyed ton on my birthday: Jayasuriya

Enjoyed ton on my birthday: Jayasuriya

From Bipin Dani
Mumbai – Like Kiwi’s Ross Taylor (against Pakistan at Pallekele) on Tuesday, India’s most known friendly pair of Sachin Tendulkar and Vinod Kambli and Sri Lanka’s Sanath Jayasuria have experienced the joyous moments of scoring tons in ODI’s on their respective birthday.
Sachin Tendulkar (134 on his 25th, India v Australia in Sharjah 1997-98), [...]

EPF to achieve Rs. 1 trillion mark this year

EPF to achieve Rs. 1 trillion mark this year

Sri Lanka’s largest Employees’ Provident Fund is aiming to reach the Rs. 1 trillion mark during this year, announced the Central Bank.
The Bank said in the year 2010, the fund grew by 16.9% over the previous year to reach Rs. 900 billion mark.
The contributions from the members during the year 2010 have risen to 12.5% [...]

Cairn hires a “Drillship” to start oil drilling in July

Cairn hires a “Drillship” to start oil drilling in July

Indian based oil explorer Cairn Lanka says it will start “oil drilling” work in the Gulf of Mannar region starting from July 2011.
The entity which is currently doing preliminary work such as the “seismic surveys” announced that they have already contracted a “Drillship” to start oil drilling work.
A “Drillship” is a maritime vessel that has [...]

Tsunami hits Japan

Tsunami hits Japan

Japanese television is showing horrific pictures of a wall of water swallowing everything in its path following a massive 8.9 magnitude earthquake struck off the northeast coast of Japan.
The quake has triggered a tsunami already that’s washing away cars and houses inland in the north-east of the country. Television showed cars bobbing in water alongside [...]

JVP demands PM to make a public apology

JVP demands PM to make a public apology

The JVP is demanding Prime Minister D. M. Jayaratne to apologize from the public for misleading the Parliament and the masses by providing false information.
The Marxist party says the Prime Minister’s statement in Parliament made during this week, which said there are 3 LTTE training camps in India, has been proven wrong.
Issuing a release, the [...]

A drop in active credit cards

A drop in active credit cards

During the 1st 3 quarters of the year 2010, Sri Lanka has seen the number of active credit cards depicting a decrease owing to a multiple of reasons including the high interest rates charged.
Central bank says this resulted in credit card advances recording a noticeable negative growth of 7.6% during the first nine months of [...]

CSE recovers

CSE recovers

The Colombo Stock Exchange recovered slightly today, after experiencing negative performance during the 1st three days of trading during this week.
ASPI gained 0.55% while the MPI fetched 0.47%.
The recovery was backed by the retail investor participation while institutional investors were engaged in selective buying.
Price gainers dominated the day with 146 counters appreciating in prices while [...]

Future IPO’s should allocate 40% of the shares to retail individual investors

Future IPO’s should allocate 40% of the shares to retail individual investors

The Securities and Exchange Commission say starting from the 15th of March any public offering of shares should allocate 40% of the offered shares for the retail individual investors.
This move, the SEC says is aimed at ensuring fair play in such offers made by Companies.
The  SEC has observed that recent IPO’s were heavily oversubscribed due [...]

Hilton to continue normal operations

Hilton to continue normal operations

Hilton Hotel in Colombo announced that it will continue to maintain normal business operations, until the change of ownership is transferred to the Government.
Issuing a statement the Hotel said “We have been advised that the Sri Lankan Government has been noted as the new owners of the land and building of the Hotel”.
The Hotel also [...]

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