2015-11-23 News 

HNB crowned winners at Bankers’ Debate 2016

Determined performances and decisive arguments across four hotly contested match ups helped HNB to clinch victory at the finals of The Bankers’ Debate 2016 held at Galadari Hotel recently.Organised by the Association of Professional Bankers – Sri Lanka with a view to enhancing communication and presentation skills among professional bankers, the competition was based on the Cross Examination Debate Association rules requiring two-man teams from each bank to construct winning arguments in support or opposition to the topic: ‘Banks should invest more in digital technology than in people to succeed…

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2015-11-23 News 

Rajapaksa vows legal action against those who tried to ‘frame’ him

It is with regret that I inform the public of a diabolical attempt by the yahapalana authorities to foist the blame for the Central Bank bond scam on my government. The established practice in relation to government finance is that towards the third week of each month or even earlier, the Treasury determines the financial needs of the government for the coming month and informs the Public Debt Department which functions under the Central Bank that a certain amount of money is required by a certain date. The Public Debt…

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2015-11-23(1) News 

Apple’s iphone 8 could get curved OLED screens

16,175 Viewers Apple also reportedly purchased 100 million OLED panels last April, so this deal could be the second of its kind.These two deals, which add up to 160 million OLED displays total, could mean that Samsung may end up being the main supplier for iPhone 8 displays, and the main recipient of a chunk of change.Some have tried to imagine what an iPhone 8 would look like with a curved screen.High-end Samsung phones are known for their curved screens, like the ones on the now-defunct Note 7 and Galaxy…

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2015-11-23 News 

No Hambantota land will be sold to foreigners: Amunugama

Special Assignments Minister Sarath Amunugama told a well attended public meeting at Hatharaliyadda in the Galagedara electorate recently that not an inch of land at Hambantota will be sold to a foreigner.He said a company registered in Sri Lanka will be established partly owned by Chinese investors and partly by Sri Lanka and that the Hambantota port and land required for development purposes will be leased out to this company. The minister further said that there was no purpose in building a harbor at great cost with borrowed money if…

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11(1) News 

Sri Lanka likely to okay migration of construction workers from the region

68,365 Viewers The Sri Lankan construction industry is currently grappling with the problem of an acute shortage of skilled, semi skilled and unskilled workers, and is likely to get down these categories of workers from other countries in the region, industry sources said.’At present the country has a shortage of over one million skilled and semi skilled workers and also a 800,000 general labour shortage, which is going to create a major crisis for the construction industry in view of upcoming projects, president, Ceylon Institute of Builders (CIOB) Dr. Rohan…

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2015-11-23 News 

How do we face up to our shortage of labor?

12,433 Viewers Previously economists used to draw a distinction between the economics of the developed and the under-developed countries. The term ‘under-developed’ later came to be replaced by the term ‘developing countries’. Despite considerable improvements in the standards of living of the developing countries, they have so far failed to catch up with those of the USA, the world’s richest country. Today all people who have not attained the average standard of living of the United States believe that there is something wrong with their own economic situation and that…

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2015-11-23 News 

NUJ’s 109th birth anniversary marked in Colombo

72,433 Viewers The 109th birth anniversary of the late Deshamanya NU Jayawardena, first Sri Lankan Governor of the Central Bank, Senator and financier, was marked in Colombo yesterday.Photo shows his daughter Neiliya Perera paying her respects at Mr Jayawardena’s memorial located opposite his former residence at Cambridge Place, Colombo.He was the founder of the Mercantile Group of Companies that formed the Merc Bank Sri Lank, Sampath Bank and several investment portfolios.N.U. was born in the backwaters of Hambantota, studied at St. Servatius’ College, Matara and completed his secondary education at…

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11 News 

Equities reverse previous week’s uptrend, foreigners net buyers for 4th week

2,433 Viewers Equities reversed the previous week’s uptrend, with the benchmark ASPI hitting a 7-day low on Tuesday before recovering slightly to close the week ~ 22 points lower than the previous week, Acuity Stockbrokers said in their Share Market Weekly.”The ASPI which hit 6127.49 on Tuesday was able to pare-down some of its losses on Wednesday and Thursday as it recovered by ~11 points largely due to positive earnings reported by financial institutions,” the report said.”Average turnover levels meanwhile, hovered around LKR 0.47Bn during the holiday shortened week (26%…

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11 News 

Singer to triple shares in issue

Singer Sri Lanka PLC which has a 140-year presence in Sri Lanka and has long been quoted on the Colombo Stock Exchange has announced that it is tripling the number of its shares in issue with a three for one subdivision of its shares without affecting the stated capital of the company now standing at Rs. 626.05 million.Consequent to the subdivision, the number of shares in issue will rise from the present (approx.) 125.2 million to 375.6 (approx.) million, the company announced in a Stock Exchange filing last week.The subdivision…

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11 News 

Galle Face Hotel Hosts United States Congress Representatives

South Asia’s leading Grande Dame, the Galle Face Hotel is one of Colombo’s most iconic institutions. For over 150 years, the landmark hotel has set the bar for luxury accommodations and is the preferred choice for guests. Recently, the hotel was host to a group of United States Congress Representatives who were in Sri Lanka to visit President Maithripala Sirisena, and promote strengthened democratic institutions.The iconic hotel has a long-standing history of hosting prominent guests, counting among them Sir Arthur C. Clarke, John D. Rockefeller, Carrie Fisher and Indira Gandhi…

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