Posted on 20 June 2010.
The Nawaloka Group, celebrated a quarter century of excellence of their trademark unit, the Nawaloka Hospital, as well as the achievements of more than half a century of their Founder Chairman, H.K Dharmadasa, June 15, at the BMICH.
Nawaloka hospital, was founded in 1985. The birthday of its founder is June 17.
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Posted on 20 June 2010.
Sri Lanka has earned a sum of 890 million US dollars foreign exchange in the first quarter of 2010 through remittances of migrant workers in Middle East countries.
The percentage of migrant workers has also increased by 22 per cent, Sri Lanka Foreign Employment Bureau Chairman, Kingsley Ranawaka said.
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Posted on 20 June 2010.
Prem Prakash Chand was appointed General Manager, Nokia Emerging Asia in April 2006. In his role Chand is responsible for Nokia operations in Bangladesh, Sri Lanka, Nepal, Bhutan and Maldives and is based in Dhaka.
Chand participated in Nokia Connection 2010 held at Conrad Centennial Hotel, Singapore. In an exclusive interview with the Sunday Observer he spoke of Nokia’s commitment to invest in Sri Lanka and on their strategies to deliver the latest range of devices and solutions which allow customers to create, connect and be entertained like never before.
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Posted on 20 June 2010.
The Central Bank of Sri Lanka (CBSL) will take necessary steps to upgrade the country’s sovereign rating from the current B+ (stable)/B (positive) to an investment grade of BBB- or higher over the next four years.
A carefully designed, forward looking and effective strategy with the participation of all stakeholders – country authorities, private sector business leaders, chambers and rating advisors, will be implemented. CBSL has appointed a high level Sovereign Rating Committee, which will make regular reviews on the developments of the economy and convey these improvements to the rating agencies through rating advisors to upgrade the country’s rating level.
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Posted on 20 June 2010.
“Sri Lanka being de-listed from the war risk countries category by the Joint War Committee (JWC) of the maritime insurer Lloyd’s of London will strengthen the maritime sector and the entire economy of the country”, said Chairman, Shipping and Ports Committee, National Chamber of Commerce of Sri Lanka (NCCSL) Sujeewa Samaraweera.
The country’s war risk premium was 3.4 percent and after the end of the conflict in May last year it was reduced to 2.6 percent. The total removal is a great achievement for the sector and the economy as it will bring down the cost of imported goods and support the export sector to be more competitive as the charges per container will be reduced. JWC of Lloyd’s of London has scaled the war risks in the other South Asian countries, India – 3.1 percent, Pakistan- 5 percent and Bangladesh – 0.3 percent.
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Posted on 20 June 2010.
The effects of climate change will be felt more by tropical and sub tropical countries than other regions, said Head Sustainability and Business Excellence Services (South Asia) Det Norske Veritas, Santhosh Jayaram.
Speaking on the theme Risks and opportunities from carbon, Jayaram said that 90 percent of the reasons for climate change are man made while the balance of natural reasons.
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Posted on 20 June 2010.
Nokia demonstrating its commitment to deliver the latest range of devices to its consumers launched two new devices-Nokia X5 and the Nokia X6 8GB and showcased the Nokia N8 for the first time in the region at the 10th Nokia Connection Event held in Singapore on Monday.
The launching ceremony of these new devices was held at Conrad Centennial Hotel, Singapore amidst a gathering of a large number of journalists from the Asian region.
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Posted on 13 June 2010.
People’s Bank recently re-commenced operations in Paranthan, Killinochchi and Mankulam with the Governor of the Central Bank Ajith Nivard Cabral opening them June 07.
People’s bank would now be able to enhance its services, support SMEs and offer loans at low rates through schemes such as Pibidena Uthura which only charges a 12% interest.
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Posted on 13 June 2010.
The first offshore training program by Win-Stone School of Culinary Art managed by the first Sri Lankan woman executive chef, Iyanthi Goonewardene will commence shortly.
Qualifications offered in Australia and the UK (at exorbitant costs) could be obtained locally at an affordable rate from Win-Stone which is accredited to conduct courses on culinary art.
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Posted on 13 June 2010.
Ceylon Leather Products PLC was compelled to close their showroom in Colpetty due to security reasons as the public was restricted entering Galle Road from Colpetty.
With the fall of the LTTE, the Government recently removed all road barriers giving free access to the public.
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