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When will powdered milk prices come down?

When inquired from Maliban Milk Foods chief executive officer D.L. Weerasuriya whether there are possibilities of reducing the prices of powdered milk foods in the local market since the prices in the world market showed a downward trend, he said that such a price reduction could be made only after September. He said that this…

(0)Comments | June 9, 2014 5:23 pm

India to construct a cultural centre at Jaffna

The Government of India will be constructing a Cultural Centre at Jaffna. A Memorandum of Understanding for implementation of the project was signed by the High Commissioner of India H.E. Y.K. Sinha and the Secretary to the Ministry of Economic Development, Dr. Nihal Jayathilaka.  The MoU was signed in the presence of Basil Rajapaksa, Minister…

(0)Comments | June 9, 2014 5:06 pm

Karachchi-bound flights cancelled

Sri Lankan Airlines says that flight UL 183 which was due to depart Colombo at 1.00pm today (June 9) is cancelled due to Pakistani authorities closing down Karachchi International Airport until further notice. “Passengers are advised to contact 1979 for further information. We sincerely regret the inconvenience caused. We are waiting for instructions from Pakistani…

(0)Comments | June 9, 2014 10:33 am

Breakfast eaters burn more calories

PEOPLE who eat breakfast burn more kilojoules and have tighter blood sugar control than those who are fasting, a new study has shown. British researchers made the findings in the first randomised controlled trial to examine the effect of daily breakfast on energy balance compared with morning fasting. In the University of Bath study, people…

(0)Comments | June 7, 2014 4:25 pm

After long wait, Japan moves to ban possession of child pornography

In most of Japan, it’s still legal to possess child pornography. Although production and distribution have been banned for 15 years, Japan lags behind other major developed nations in forbidding people from simply holding the sinister material. That is about to change in a country regarded as a global nexus of child pornography. The country’s…

(0)Comments | June 7, 2014 12:45 pm

Stock Market Review

Colombo share market wrapped the weekly operations on Friday with mixed results. Core index extended the losses to close at 6,279.14 with a marginal drop of 1.02 points or 0.02% while S&P SL 20 index marginally improved by 5.74 points or 0.17% to close at 3,479.17. Price depreciations in counters such as Ceylon Tobacco (closed…

(0)Comments | June 6, 2014 5:06 pm

SMS & Web lottery from National Lotteries Board

The National Lotteries Board (NLB) is reportedly preparing to enter the mobile phone and internet market by introducing SMS (short message service) and web lottery to the local market. The NLB recorded it highest annual earnings last year with Rs. 15 billion. Though the NLB’s earnings had increased last year by 22 percent it profits…

(0)Comments | June 6, 2014 3:49 pm

Non-performing loans take a leap at Lanka Puthra Development Bank

The non-performing loan percentage of Lanka Puthra Development Bank which assisted in facilitating small and medium businesses has hugely increased to 46.7 percent by end 2013, it has been revealed. In 2012 the bank’s non-performing loan was 45.8 percent. Hence, the government is to focus more attention on the weaker loans of the bank. This…

(0)Comments | June 6, 2014 1:05 pm

Lion’s share of T/20 dollars arrives

Sri Lanka Cricket (SLC) has received the major share of its match fee for participating at the ICC Twenty20 World Cup Cricket Tournament where Sri Lanka ended as champions, said SLC treasurer Nuski Mohamed. SLC which had recorded losses last year would be able to record some gain this year, said Nuski Mohamed. Apart from…

(0)Comments | June 6, 2014 12:43 pm

Meet the armless table tennis champion who proves ‘nothing is impossible’

It’s Ibrahim Hamadto’s turn to serve. Holding the bat in his mouth, the Egyptian para-table tennis champion gets the rally going by flicking the ball up high with his right foot. Sinking through the air, the delicate white sphere meets his racket and comes out charging like a bullet with a powerful spin. Hamadto, 41,…

(0)Comments | June 6, 2014 12:42 pm