• Business

    SLT Group Profit Rs 3.73 b upto September

    Sri Lanka Telecom (SLT) during the first nine months of 2010 has recorded a profit before tax (PBT) of Rs 3.73 billion and a Group profit after tax (PAT) of Rs 2.40 billion with YoY growth rates of 105 percent and 108 percent respectively.

    A profit before tax of Rs 1.58 billion has been recorded

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    Sri Lanka Port Handles Record Four Million Containers

    Colombo port volumes hit a new record of four million containers Tuesday supported by strong growth in both transshipment and import-export cargo, the Sri Lanka Ports Authority (SLPA) said in a statement.

    The number of twenty-foot equivalent units (TEUs) of containers handled by the port is up 20 percent so far this year from a

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    Thai Hotel Chains eye Sri Lanka’s tourist industry

    The rapidly growing Sri Lankan tourist industry has become a focal point for foreign hoteliers to invest in Sri Lanka. Thailand’s two main hotel chains are the new prospective investors to invest in the Sri Lankan hotel industry.

    These Thai hotel chains include Minor International, popularly known as MINT and Centara Hotels and Resorts.

    MINT

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    Nearly US$ 79 million earned from Duty Free Shops at KIA

    The Bonds Division of the Customs Department had a revenue collection of Rs. 7.3 billion in 2009. A sum of US$ 56,978,451 was earned from the duty free shops at the arrivals lounge of the Katunayake International Airport (KIA) and US$ 22,570,509 from the departure lounge with total revenue earned being US$ 78,548,960. The Bonds

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  • Economics

    Now OPEN: Treasury bill and Treasury bond Market for Sri Lankan Diaspora

    Treasury bills and Treasury bonds are issued by the Government of Sri Lanka to Sri Lankan Diaspora and Migrant Workforce since January 6th, 2009.

    Through this scheme, it is expected to widen the investor base, diversify the Government Securities market, make it more convenient for Sri Lankans living abroad to access Government Securities, and to

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    Sri Lankan Accountants Lure Global Outsourcers

    Southern China has its assembly plants. India has customer support centers, research laboratories and low-cost lawyers.

    And Sri Lanka’s contribution to global outsourcing? Accountants — thousands of them, standing ready to crunch the world’s numbers.

    As this tiny island nation staggers back from a bloody, decades-long civil war, one of its brightest business prospects was

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    Investment Option

    Sri Lanka new gilt-edged fund eyes small investors

    Nov 30, 2010 (LBO) – Ceybank Asset Management (CAM), Sri Lanka’s largest unit trust fund manager, has launched an open ended gilt-edged fund aiming to attract small investors especially in rural areas, officials said.

    The ‘Ceybank Surakum’ fund will invest in government Treasury bills and

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    Partnership Model

    Sri Lanka said keen on public-private partnerships
    Dec 13, 2010 (LBO) – Sri Lanka is keen on partnerships between the public and private sectors in developing its economy, the International Finance Corporation, which is supporting the initiative, said in a statement.

    “Sri Lanka is actively considering options to increase private participation in development,” it quoted

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    Domestic Bank Loans to Private Sector up 17.4%

    Total credit to the private sector increased by 15.5 percent to Rs. 1.36 trillion year-on-year in September with domestic banks increasing their lending by 17.4 percent to Rs.1.21 trillion and foreign banking units increasing their lending 1.8 percent to Rs.150.1 billion.
    A year ago, total credit to the private sector had declined 5.3 percent amounting

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  • Politics

    “Self-evident” truths on Tamil statehood: a reply to Bruce Fein

    A 1972 Harvard law graduate, Bruce Fein (BF), in an article published in the Washington Times (WT) on January 29, 2008, prods the United States and its president “to recognize the right of the “long oppressed” Tamil people to independent statehood from the racial supremacist Sinhalese.” BF is no ordinary citizen. He co-founded the NGO

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    Chandrika loses her last bastion

    The voters of Attanagalla, the stronghold of the Bandaranaike dynasty yesterday (March 24) rejected former president Chandrika Bandaranaike Kumaratunga’s appointment as the Sri Lanka Freedom Party chairperson of Ruwanpura Bala Mandalaya.

    She was the SLFP chairperson of the Ruwanpura Bala Mandala for the past 18 years. The members of the Bala Mandala selected a newcomer,

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    A History Lesson for the Western Powers

    History is a funny animal. Like a pet dog it can be loved, rubbed, groomed, fed, made to obey, ignored, forgotten, punished, or locked up – depending on the owner’s proclivities and prevailing mood. As long as the animal is fed, it is usually cooperative. In a rare moment, however, it can bite back if

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    Sri Lanka says Mahinda Rajapaksa’s UK Visit Postponed

    Sri Lanka today said President Mahinda Rajapaksa visit to United Kingdom had been postponed till December and not cancelled, dismissing reports that the trip may have been scrapped over fears that he could face arrest.

    Reacting to an Indian press report that the president had cancelled the visit fearing arrest, a Sri Lankan external affairs

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    SM Krishna Cancels Meet with Sri Lankas Main Tamil Party

    External affairs minister SM Krishna today concluded his four-day visit to Sri Lanka without meeting the country’s main Tamil political party, TNA, once considered as a proxy of the LTTE.

    The Tamil National Alliance (TNA) said Krishna was to hold talks with them today morning, but the meeting was put off till noon giving him

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    The Tamil Leadership Solely Responsible for What Happened to the Tamil People

    Mr. Chairman and distinguished members of the Commission,

    I am honored and privileged to be invited to give evidence before this Commission and lengthy historical events of our time and I thank the Commission for giving me this opportunity.

    Before I go any further I must congratulate the Commission for the progress made so far,

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    UN SG Panel – LLRC will adhere to Warrant

    In the event of the government facilitating UN Secretary General’s Panel to visit Sri Lanka, the Lessons Learnt and Reconciliation Commission (LLRC) will hear such representations on the basis of its Warrant and the usual procedures followed for such hearings, the LLRC said in a statement.

    Following is the statement:

    UN SG’s Panel

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පිටිදූවේ සිරිධම්ම හිමි කට්ටිය ඇන්දුව හැටි දේශනා කරති (lanka team)

පිටිදූවේ සිරිධම්ම හිමි කට්ටිය ඇන්දුව හැටි දේශනා කරති lanka team (Pitiduwe Siridhamma)
Video Rating: 5 / 5

Ekama rataka minisun lesine Ekama deyaka soyuran vilase Ekama rataka nidehasa vindimin Innai pethuma mage Me rata wenuwen ma hedune Mage deya wenuwen ma inne…
Video Rating: 3 / 5