A treasured city in the pearl of the Indian Ocean, the city of Galle is an eloquent ode to the European style and culture that revolved around the colonial era of the island. Being invaded by the Portuguese and then the Dutch, Galle was sculptured by them in a uniquely distinct manner from all other…
The Pathfinder Foundation (PF) at the outset wishes to emphasise the need for the government (the President, the Prime Minister, his Cabinet as well as heads of institutions dealing with key economic sectors) to operate in a well-coordinated and consistent manner. The new government which has committed to operate in a consensual spirit (sammuthi vaadi)…
Eden Hotel Lanka PLC is to issue 52,800,000 new ordinary shares by way of a Rights Issue in the proportion of one new share for every existing ordinary share at Rs. 20 each. The proceeds would be utilized to repay part of the existing debts.
Fitch Ratings has maintained the ‘(A(lka))’ National Fund Credit Quality Rating of the Ceylon Income Fund on Rating Watch Negative. The National Fund Volatility Rating is ‘V-NR’. KEY RATING DRIVERS The maintenance of the RWN is driven by an increase in the proportion of the fund rated only by Lanka Rating Agency (LRA) following redemption…
Daihatsu has revealed a new crossover at the Gaikindo Indonesia International Car Show which is likely to turn-up as Toyota’s new B-segment crossover in New Zealand. The FX concept is effectively Daihatsu’s third-generation Terios designed to go head-to-head against the Honda HR-V and Mazda CX-3 in the exploding compact crossover segment. The FX breaks away…
Colombo Bourse declined for the third session breaking the 7,300 support as blue-chips slid on profit taking and foreign selling. The benchmark All Share Price index shed 58.36 points or 0.8% to end at 7,240.39 amid profit taking. S&P SL 20 index lost 27.42 points or 0.68% falling below the 4,000 mark to end at…
A large number of Sri Lankan products exported to India receive duty-free access under the IndiaSri Lanka Free Trade Agreement(ISFTA). However, these benefits are undermined by the existence of Non-Tariff Barriers (NTBs). One significant NTB facedby Sri Lankan exporters (especially food exporters)is the additional costs and delaysat the Indian port of entry resulting from products…
A programme has been launched to train one hundred thousand persons and recruit them for employment by 2020 as a solution to the severe shortage of skilled workers in Sri Lanka’s construction industry, said National Construction Association of Sri Lanka chairman Sunil Liyanaarachchi. Accordingly, 10,000 would be recruited for training as an immediate measure and…
First they changed their name, now they’ve changed their logo. Google introduced a new sans-serif and slightly toned-down four-colour logo on Tuesday in the biggest redesign since 1999. Google said the new design would soon be seen across all its products. Google’s homepage introduced the redesign with an animation that wiped away the old logo…
Nadal’s ad for Tommy Hilfiger shows him happily baring all, while Serena Williams is celebrated for her athleticism. Sexual objectification in sport seems to be crossing genders. After de-robing in the locker room for a shamefully brief 30 seconds, Rafael Nadal looks over his bare, perfectly tanned and muscled shoulders—which connect to the bare and…
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