elanka Finance

SLAPCEO President says time to focus on billion-dollar trade fair and meetings industry Source:FT Board Member Ifham Aarif   Board Member Devanthi Ambuldeniya   Sri Lanka Association of Professional Conference, Exhibition and Event Organisers (SLAPCEO) newly elected President Imran Hassan says now is the best time for Sri Lanka to strategically focus on being ready to open up to this industry.  He said like Singapore and Dubai the trade fair, meetings and destination events industry can play a huge role in giving the Sri Lankan economy the much-needed boost it required.  “Sri Lanka should focus her marketing strategy in breaking into the billion-dollar industry of trade fairs, meetings and destination events, which has long been neglected. When Sri Lanka reopens her doors to the world this needs to be one of the key factors in Sri Lanka’s marketing strategy,” Hassan said.  According to him Sri Lanka’s geographical positioning is one of ...

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“THE CITY OF GEMS”             Ratnapura has always been famous as the City of Gems, in the beautiful “Pearl of the Indian Ocean”, and so, this story does not surprise me at all. I cannot even begin to describe the multiplicity of beautiful gems that are unearthed in Ratnapura. Suffice to say that the main Blue Sapphire in Queen Elizabeth’s “Coronatiin Crown” also came from Ceylon.  Now, let us enjoy this top story from the Daily Mirror, via my good friend Victor Melder. Thank you, Victor.           Desmond Kelly, (Editor-in-Chief)  e’Lanka. World’s largest star sapphire cluster found in backyard Experts say the gemstone has an estimated value of up to $ 100 million Source:FT BBC: Sri Lankan authorities say the world’s largest star sapphire cluster has been found in a backyard – by accident. A gem trader said the stone was ...

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Ahasata Igilee – Yanawo Yanawo-By Capt Elmo Jayawardena Source:Island That’s what they sang for parting wishes at the wedding of Mary Felicia’s daughter. The choir of a few carried the lyrics with resonant voices, and the gathered handful whispered the chorus, all about little birds soaring to the sky, flying away, flying away. The event took place in a bruised-walled and patched-roofed poor church where a scattering of a congregation of smaller than small people had come to give their good wishes. It was to fellow tsunami survivors as they made their sacred promises to bind the ties of blessed nuptials. I too was present among mainly fisher-folk and was awed by the simplicity of the ceremony and the inspiring meaningfulness of it all. I felt I owed it to Mary to write her story, just so that people would know what rock bottom courage of a mother is all ...

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English in Mathematics-By R.N.A. de Silva Source:Island “Which subject did you have most difficulties with, having switched the medium of instruction from Sinhala to English?” I posed this question to a Sri Lankan student who was following a pre-University course in an educational institution in Hong Kong, having completed studies up to the GCE Ordinary Level programme in the Sinhala medium in a leading girls’ school in Colombo. “It is definitely mathematics,” she replied. Having served as a teacher for a long period of time at this educational institution with students from over 80 countries, I realised the above-mentioned view was shared by other students, too, who had to change the medium of instruction to English. This does not seem to make sense as one would have expected mathematics to be the easiest subject to follow as it has its own symbolic language. Why then has this situation arisen? I ...

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Cricket’s greatest is 85 today-by Rex Clementine Source:Island Sir Don Bradman called him the ‘greatest cricketing being to have ever walked the earth,’ and in Sri Lanka, he is considered as someone who shaped the careers of many players. Sir Garry Sobers turns 85 today. He was hired by the Board of Control for Cricket in Sri Lanka in 1980s and his influence benefited a young cricket team to rub shoulders with formidable opponents of the game. Sir Garry accompanied the team to a couple of tours to England, including the 1983 World Cup. It is a well known secret that Sir Garry had handpicked Arjuna Ranatunga during the early days. But Arjuna lost his place in the side. When Sir Garry returned, one of the first things that he insisted on was having Arjuna back in the side. ...

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Dialog Axiata Group first Quad Play Telco in South Asia to receive ISO 14001:2015 certification Source:Island Reiterating its commitment to social, environmental and economic sustainability, Dialog Axiata PLC’s Environmental Management System was certified for the globally recognized ISO 14001:2015 standard for its full scope of operations, becoming the first Quad-play Telco (Mobile, Fixed, Media and Broadband) in South Asia to do so. The ISO 14001 standard is a voluntary international certification afforded to companies with meaningful environmental policies that create and maintain an effective Environmental Management System (EMS) across their organizations. It is reviewed and audited annually to retain a rigorous focus on the topic. Like other ISO standards, this standard is reviewed and updated periodically by an international panel of experts. Sustainability is an integral element in Dialog’s corporate ethos. Over the years, reflecting the profound impression that the Dialog brand has made in the hearts and minds of ...

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Sri Lanka repays US$ 1 Billion Bond Source:Dailynews Sri Lanka has transferred funds to repay a $1 billion bond by the Tuesday deadline, keeping intact its reputation for honoring debt as concern mounts about the nation’s overseas financing. The money was transferred Monday, Ajith Nivard Cabraal, the State Minister for Money and Capital Markets, said by phone. Moody’s Investors Service placed Sri Lanka’s ratings under review for a downgrade last week, citing its assessment of the country’s increasingly fragile external liquidity position and the risk of default. ...

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Re-appointment of Sanjeeva Jayawardena, President’s Counsel to the Monetary Board of the CBSL Source:Island Sanjeeva Jayawardena, President’s Counsel, has been re-appointed to the Monetary Board of the Central Bank of Sri Lanka (CBSL), for a fresh term of 6 years, up to June 2027, by President Gotabaya Rajapaksa, consequent to his nomination being approved by the Parliamentary Council. Sanjeeva Jayawardena is the first President’s Counsel to serve on the Monetary Board of the CBSL. He presently serves as the Chairman of the Monetary Board Level, External Debt Monitoring Committee and as the Chairman of the Board Risk Oversight Committee. He also chairs the Ethics Committee of the CBSL. Jayawardena, has been practising exclusively in the Supreme Court and the Court of Appeal for the last 29 years, having been called to the Bar in 1992. He was thereafter conferred Silk, as President’s Counsel, in the year 2012. ...

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Sri Lanka launches online platform in China to promote exports, investments Source:FT The Sri Lanka Embassy in Beijing assisted Hairong Technology Co. Ltd. to organise the introduction of the Sri Lanka Online Platform, along with an investment promotion seminar (SEIC 2021) at the Embassy on 11 July.  The main objective of the event was to provide an online platform for Sri Lankan exporters seeking to access the lucrative Chinese market. This platform will encourage potential investors to explore the opportunities available in Sri Lanka as well. The platform was officially launched by Ambassador of Sri Lanka to China Dr. Palitha Kohona and Hairong Technology General Manager John Pan. ...

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