Category: Other
Sri Lankan Researchers honoured for Process Innovation treating Asthma
In what can be hailed as a national achievement, two Sri Lankan scientists, Manoj Hettiarachchi and Nalin Kannangara of Sri Lankan pharmaceutical company Emergen Life Sciences were recently honoured with a Silver Award at the 44th International Exhibition of Inventions held in Geneva for their innovation of a Process of Manufacturing of Budenoside+Foremtrol Dry Powder […]
Neoliberalism oversold? Inequality throttles growth, say IMF economists
June 02, 2016 (LBO) – Instead of delivering growth, some neoliberal policies increase inequality which in turn jeopardize sustainable development, three IMF economists say in a recent article. Neoliberalism refers to capitalism in its purest form where privatization, deregulation, and the “freeing of the market” are keys to a flourishing economy. The senior IMF economists […]
“HA-YA-TO” a Japanese traditional Taiko drumming trio to perform “Cool Japan, Warm Sri Lanka”
“Cool Japan, Warm Sri Lanka”, a joint drumming performance by “HA-YA-TO” a popular Japanese traditional Taiko drumming trio, together with “Sri Lanka Youth Dance Troupe” of the NYSC of Sri Lanka,will be held at the NYSC, Maharagama on Sunday 12th June 2016 at 5.00 p.m. HA-YA-TO, consisting of three young brothers of the same […]
Sri Lanka seeks public opinion to improve legal trials
June 02, 2016 (LBO) – Sri Lanka’s government is currently seeking public support to reform the civil and criminal procedures in the island in a bid to avoid long delays in pending legal cases. During this month, interested parties are able to express their views particularly on reducing delay in trials and amendments for the […]
DFCC Bank joins CSE to open trading for June
DFCC Bank rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of June. The Bank’s Chairman Mr. Royle Jansz, CEO Mr. Arjun Fernando, Deputy CEO Mr. Lakshman Silva and Company Secretary Ms.Anomie Withana were present […]
Fitch to host sovereign and corporate forum
Fitch Ratings Lanka Ltd. will host the Sovereign and Corporate Forum on Thursday, 16 June 2016, at 5.30pm-8.30pm at Bougainvillea Room, Galadari Hotel, 64 Lotus Road, Colombo, Sri Lanka. Fitch’s sovereign analysts will discuss the global economic outlook and the implications for Asia-Pacific markets such as Sri Lanka, as well as the economic adjustments in […]
SINGER ties up with Ministry of Higher Education to provide laptops to University students
Singer Sri Lanka PLC, the country’s premier consumer durables retailer, tied up with the Ministry of Higher Education to provide laptops for university students across the country as per the program to provide interest free loans for laptops by the government of Sri Lanka. As per the Government budget proposal 2016, the project is implemented […]
Huawei invests USD9.2 billion in 2015,15-pct of annual revenue for R&D
As a leading ICT solutions and smart device provider and patent owner, Huawei invests heavily in research and development. In 2015 alone, Huawei invested US$9.2 billion, or 15% of its annual revenue, in the research and development of new technologies, new products, and wireless communications standards. Huawei’s substantial investment in R&D over the years has […]
CA Sri Lanka joins hands with Malaysian Directors Academy to enhance professional development
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding with the Malaysian Directors Academy (MINDA) in an effort to develop a framework which will facilitate exchange of information, as well as enhance the effectiveness of the Board and it’s Directors. The agreement which was signed by President […]
CML-MTD construction to build over 900 affordable homes
CML-MTD Construction Limited, a subsidiary of MTD Walkers PLC, has been awarded the contract to build over 900 affordable homes by the National Housing Development Authority. The contract awarded includes the design and construction of residential housing units in Panadura, Ragama and Yakkala, which is set to commence on June 2016. The complex will comprise […]
Sri Lanka-Thai FTA expected by middle of next year: Thai Commerce Minister
Hon. Sujeewa Senasinghe, State Minister of International Trade, visited Thailand from 25th to 27th May 2016. The main objective of the visit was to pursue trade and investment opportunities including familiarization with AMATA Corporation’s expertise in establishing industrial parks considering Sri Lanka’s requirement of such facilities. State Minister Senasinghe had meetings with the Thai Ministers […]
General Electric to change globalization strategy, localization key, says CEO
May 31, 2016 (LBO) – Jeffrey Immelt, CEO of General Electric, says the global manufacturer is gearing up for a bold pivot in its globalization strategy. This change is in response to rising protectionist political pressures and distrust of big companies, amid government and global institutions failing to address the world’s challenges. Although innovation has […]