21f29lzd987bqwr5peix News 

CBSL Governor hopeful of 6 per cent growth but sounds cautionary note

Central Bank Governor Dr. Indrajit Coomaraswamy envisages an economic growth of 5.5 percent to 6 percent but this projected growth for 2017 comes with a word of caution on significant downsides from the prevailing volatile global economic climate and a possible slowdown in the agricultural sector along with limitations in power generation due to prevailing weather conditions.”It is too early to tell how significant these will be. But the fact that the economy is stabilising, we hope, will result in greater investment activities with both the domestic and foreign investor…

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Altair captures global investor attention at Shanghai event

An iconic Sri Lankan property development continues to attract significant international investor interest, its developer reports following participation in a major industry event in China.Indocean Developers, promoter of the rapidly-rising Altair twin tower in Colombo, was among 138 top notch exhibitors from 37 countries at the Luxury Property Showcase (LPS) in Shanghai recently.Considered one of the best showcases in the global properties sphere, the LPS invites the cream of high net worth investors, property funds and Real Estate Investment Trusts (REITs) looking for attractive investments around the world.”The recently proposed…

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Sri Lanka’s airline sell-off stalls

COLOMBO, Jan 20, 2017 (AFP) – Sri Lanka has failed to attract bids from international airlines to privatise its loss-making flag carrier, but will continue its efforts to salvage the company, a minister said Friday.The government received nine offers for Sri Lankan but none were from a major international airline operator, State Enterprise Development Minister Kabir Hashim said.”We are still evaluating the proposals, but we are keen to have an airline of international repute that can also bring in traffic that will help our tourism industry,” the minister told reporters…

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Lovers sleep Development journalism

Earlier this week I took part in a two-hour live TV programme on ITN, in Sinhala, around why a lovers sleep development project like the Moragahakanda Reservoir didn’t get much media coverage. The choice of a project to anchor the programme to was interesting. The foundation stone for the project was laid in January 2007 by the current President, who was then a Cabinet Minister under the government of Mahinda Rajapaksa. President Sirisena is on record how after the inauguration of the project ten years ago, moves by Mahinda Rajapaksa…

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NSB re-launches Sthree Savings

The premier savings bank in the country, National Savings Bank (NSB) has re-launched its flagship product Sthree Savings Account which lends a helping hand to all women to shoulder their responsibilities and to unlock their dreams for a comfortable life and a better tomorrow.It was re-launched at a gala ceremony held at Hotel Taj Samudra and the striving multi-talented medical student Sajana Wanigasuriya has been appointed as the new Brand Ambassador of Sthree Savings Account at the occasion. The gala event was held under the patronage of NSB Chairman Mr.Aswin…

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Japan honours Amano chief Sarath de Costa

84,123 Viewers Japan has honoured a Sri Lankan entrepreneur for promoting bilateral trade and economic relations and establishing sister-city relationships between Moratuwa and Suita and Nuwara Eliya and Uji.Colombage Sarath Wimalasiri De Costa, who heads the Amano group of companies , was conferred the Japanese Foreign Minister’s Commendation at a ceremony held at the Japanese embassy in Colombo recently.Such honours are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge their contribution to the promotion of friendship between Japan and foreign countries, the Japanese embassy…

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The tale of many New-Populisms

I have frequently used the term New Populism (NP hereafter). It has not caught on yet outside Lanka, but give it time. I can’t think of a better collective noun for the phenomenon. Brexit, Rodrigo Duarte, Donald Trump, Modi’s sky-high personal popularity paradoxically contradicted by his much ostracised demonetisation, the Five Star Movement’s referendum victory forcing Italian Prime Minister Matteo Renzi to resign, the only marginal defeat of far-right’s Norbert Hofer who polled 47% in December 2016 in Austria’s presidential election (he won with 50.4% in the annulled May election)…

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Rs. 272 million related party deal Between CGE & Ceylon Agro Industries

Ceylon Grain Elevators PLC (CGE), one of the country’s biggest poultry industrialists and feed millers last week disclosed related party transactions worth Rs. 272 million with its associate, Ceylon Agro-Industries Ltd., in a Stock Exchange filing.CGE and Ceylon Agro Industries have four common directors on their boards, the filing disclosed.One of the transactions involved entering a 20-year sub-lease between the parties for a fraction of the land at No. 346, Negombo Road, Seeduwa for a total lease rent of Rs. 57 million.The other related to the outright purchase of a…

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CodeGen extends technology to launch SL’s first Cloud Smart Classroom

42,330 Viewers CodeGen International (Pvt). Ltd., integrated the first Cloud Smart Classroom in partnership with the Education Ministry on January 13 at the Jayawardenapura Kotte Boys School, with the participation of Education Minister Akila VirajKariyawasam and Foreign Affairs Deputy Minister Harsha de Silva.CodeGen’s Cloud Smart School technology was recognized by the Ministry of Education,and under the guidance of the ministry, the Cloud Smart Classroom was launched successfully as a pilot project. The company together with the ministry will closely monitor the progress and salient trends or gaps within this year…

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SDB Lakdaru Award Ceremony – 2016

SDB bank organized a special award ceremony for Lakdaru account holders who have qualified at the grade five scholarship examinations in 2016, G.C.E. O/L examinations in 2015 & Facebook Art Competition winners and the grand felicitation was held at the Kularathne Hall, Ananda College, Colombo 10 on Thursday, the 29th December 2016.Lakshman Abeysekera, Acting Chairman/Senior Director of SDB bank, Nimal C. Hapuarachchi, General Manager/Chief Executive Officer and Kumar Mayadunne, Chief Operating Officer of SDB bank graced this occasion as chief guests. Respected guests who participated in the occasion were Kumar…

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