Archive | November, 2014

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2nd ODI: Sri Lanka crush England to win by 8 wickets

Posted on 29 November 2014 by admin

Sri Lanka crush England

 



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Man of the Match Mahela Jayawardene plays a shot during the second One Day International (ODI) match between Sri Lanka and England at the R. Premadasa Cricket Stadium in Colombo on November 29, 2014. (AFP)

 

Hosts Sri Lanka outplayed woeful England by eight wickets in the second one-day international in Colombo on Saturday to take a 2-0 lead in the seven-match series.

 

Unorthodox spinner Ajantha Mendis grabbed three for 33 as England were skittled for 185 in 43 overs after electing to bat in a match reduced to 45-overs-a-side because of bad weather.

 

The veteran duo of Kumar Sangakkara (67 not out) and Mahela Jayawardene (77 not out) then put on 149 for the unbroken third wicket as Sri Lanka romped home with 10.4 overs to spare at the Premadasa stadium.

 

Sri Lanka had won the first game by 25 runs at the same venue on Wednesday. The third match will be played in Hambantota on December 3.

 

Both teams wore black arm-bands and observed a minute's silence before the start to mourn Australian batsman Phil Hughes, who died in Sydney on Thursday of head injuries sustained by a rising ball.

 

Bats and caps were displayed outside the dressing rooms as a mark of respect and flags flew at half-mast over the stadium.

 

Ravi Bopara top-scored with 51 and Joe Root made 42, but just eight boundaries were hit in the entire England innings as none of the other batsmen settled in.

 

Mendis led the way as the slow bowlers shared six wickets and the seamers chipped in with four wickets.

 

England lost half their side by the 28th over with just 117 runs on the board.

 

Opener Moeen Ali, who hit a century in the previous match, made only two when he attempted a wild heave off Tillakaratne Dilshan and was bowled in the second over.

 

Ian Bell, playing his 150th one-day international, was dismissed by left-arm spinner Rangana Herath for 11 and Dilshan also removed Cook for 22.

 

Root appeared in good form when he was trapped leg-before by Sri Lankan captain Angelo Mathews after Eoin Morgan fell to Thisara Perera for 17.

 

Bopara was dismissed in the 42nd over, caught at mid-wicket off Mendis, as he attempted to push the scoring in the company of tailenders.

 

Sri Lanka lost both openers, Dilshan and Kusal Perera, by the eighth over with the total at 37 before Sangakkara and Jayawardene steadied the innings for the hosts.

 

Left-handed Sangakkara smashed eight boundaries, including the winning hit off Harry Gurney over the bowler's head. Jayawardene hit eight fours and a six.

 

The series is a build-up to the World Cup that will be played in Australia and New Zealand in February-March.

 

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Canadians value multiculturalism, but continue to grapple with its limits

Posted on 27 November 2014 by admin

 

TORONTO, Nov. 27, 2014 /CNW/ – While most Canadians view multiculturalism as a positive force, they are still uncomfortable with some public expressions of religion, such as the wearing of hijabs or turbans, according to a new report by the Canadian Race Relations Foundation (CRRF).

The Report on Canadian Values, based on a recent Leger Marketing survey of about 2,005 adults, provides a timely insight into the societal issues – including multiculturalism and religious accommodation – that are top of mind for many Canadians.

"Most Canadians agree that multiculturalism contributes to social cohesion, has a positive impact on ethnic and religious minorities, and makes it easier for newcomers to adapt to, and adopt shared Canadian values," said Anita Bromberg, Executive Director, CRRF. "Yet when it comes to religious expression in the public sphere, there is still a question of how far Canadians are willing to accede to meet multiculturalism's promise of integration and inclusion."

The CRRF commissioned the Association for Canadian Studies and Leger Marketing to conduct the poll via web panel during the week of October 6, 2014. The margin of error for an equivalent telephone survey is 1.9 points, 19 times out of 20.

When asked to identify their most important value from a list of 10, respect for human rights and freedoms scored highest at 21 per cent. When asked specifically about multiculturalism, 60 per cent agreed that it requires reasonable accommodation of cultural practices, including practices about which the respondents might feel uncomfortable. However, responses to other questions concerning multiculturalism reveal a troubling schism between theoretical acceptance and practical application, indicating a pressing need for an ongoing, national dialogue led by the CRRF.

There is a downside to multiculturalism, according to 64 per cent of respondents, who said it appears to allow for the pursuit of cultural practices that are incompatible with Canadian laws and norms. When asked to provide examples of such practices, 28 per cent identified the wearing of religious garb – hijabs, burkas and turbans – in public or security settings, as well as the wearing of turbans and hijabs by members of the police and RCMP. A further 10 per cent listed religious practices in general, and 8 per cent cited observance of religious holidays as incompatible. In comparison, Sharia law and honour killing scored low, at 5 per cent and 4 per cent, respectively.

Almost half of the respondents (46 per cent) said the government should discourage these practices and 40 per cent said it should be done by enforcing or imposing laws on all Canadians. Educating immigrants about Canadian society scored next at 15 per cent.

"There is still work to be done in fostering a better understanding and respect for the full expression of multiculturalism in Canada," concluded Albert Lo, Chairperson, CRRF. "The Report on Canadian Values helps us to further understand issues that threaten to divide us, while providing essential keys to strengthening our shared core values. It also provides a strong starting point as we embark on the work of Our Canada, the CRRF's newest project, which is funded by Citizenship and Immigration Canada, and which was launched last week in Ottawa."

To access the full report online, visit: www.crrf-fcrr.ca

 

SOURCE Canadian Race Relations Foundation 

 

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Australian Test cricketer Phil Hughes succumbs to fatal blow

Posted on 27 November 2014 by admin

Phil Hughes


Australia Test batsman Phillip Hughes has died aged 25, two days after being struck on the top of the neck by a ball during a domestic match in Sydney. Australia team doctor Peter Brukner said he passed away in hospital, never regaining consciousness. Hughes, who also played for Hampshire, Middlesex and Worcestershire, was hit by a delivery from bowler Sean Abbott.

"It's an understatement to say we're completely devastated," said Cricket Australia boss James Sutherland.

"The word tragedy gets used too often in sport, but this freak accident is a real life tragedy."

Australia captain Michael Clarke read out a statement on behalf of the Hughes family at a news conference held at St Vincent's Hospital, where the player, who would have been 26 on Sunday, was being treated. Speaking on behalf of parents Greg and Virginia, sister Megan and brother Jason, he said: "We're devastated by the loss of our much-loved son and brother, Phillip. It's been a very difficult few days. 

We appreciate all the support we have received from family, friends, players, Cricket Australia and the general public.

"Cricket was Phillip's life and we as a family shared that love of the game with him. We would like to thank all the medical and nursing staff at St Vincent's Hospital and Cricket New South Wales medical staff for their great efforts with Phillip. We love you."

Courtesy: BBC REPORT

A clearly emotional Clarke then stood up and left the room.

Hughes, batting for South Australia, collapsed face first on the ground after being hit by a bouncer from 22-year-old Abbott during a Sheffield Shield game against New South Wales. Hughes had been wearing a helmet but the ball struck him at the top of the neck, causing the injury. He had CPR and mouth-to-mouth resuscitation at the ground before being taken to St Vincent's Hospital, where he had a 90-minute operation to relieve pressure on his brain. Members of the Australian national team, including Clarke, visited Hughes in hospital.

But his death was confirmed in a statement on Thursday.

"It is my sad duty to inform you that a short time ago Phillip Hughes passed away," said Brukner.

"He never regained consciousness following his injury on Tuesday.

"He was not in pain before he passed and was surrounded by his family and close friends.

"As a cricket community, we mourn his loss and extend our deepest sympathies to Phillip's family and friends at this incredibly sad time.

"Cricket Australia kindly asks that the privacy of the Hughes family, players and staff be respected."

Speaking at the news conference, Brukner explained that Hughes had died as a result of "vertebral artery dissection". 

He said the artery had been compressed, causing it to split and leading to a "massive bleed" into the brain.

Brukner said the injury was "freakish", adding: "Vertebral artery dissection is incredibly rare. If you look in the literature, there is only 100 cases reported. There is only one previous example caused by a cricket ball."

Dr Tony Grabs, who treated Hughes at St Vincent's, said scans had shown that the stricken cricketer needed surgery quickly to help get the pressure down in the brain.

"He had extensive surgery to remove some of the skull from around his brain to help allow the brain to expand so it wasn't compressed," added Grabs.

However, his recovery did not go as hoped.

"Over a period of the first 24 to 48 hours, he did not make very much improvement and unfortunately, as a consequence of the injury, he died,'' said Brukner.

The Australian flag was lowered to half-mast over the Sydney Cricket Ground where Hughes suffered the horrific injury. Flags were also lowered at the iconic Melbourne Cricket Ground.

Australian Prime Minister Tony Abbott paid tribute to Hughes, describing him as "a young man living out his dreams".

"His death is a very sad day for cricket and a heartbreaking day for his family. What happened has touched millions of Australians," he said.

"For a young life to be cut short playing our national game seems a shocking aberration. He was loved, admired and respected by his team-mates and by legions of cricket fans."

Australia coach Darren Lehmann tweeted: "RIP you little champ, we are all going to miss you! Love, prayers to all the Hughes family."

Phillip Hughes

Test Career   ODI career  

* Hughes played in one Twenty20 game, scoring six runs

Tests played

26

ODI's played

25

Innings

49

Innings

24

Runs

1,535

Runs

826

Highest score

160

Highest score

138

Average

32.65

Average

35.91

The England team also released a statement on Twitter, writing: "Our deepest sympathies go out to Phil Hughes' family, friends and team-mates at this incredibly sad time.

"Phil was admired and respected by all he played with and against and will never be forgotten by the cricket community."

Giles Clarke, the England and Wales Cricket Board chairman, added: "He was an extremely popular and hugely respected cricketer in England and Wales not only as a successful tourist with various Australian teams but also as a wonderfully talented county player with Hampshire, Middlesex and Worcestershire.

"He will be missed throughout the world of cricket and today our thoughts are with his family and all those involved in Australian cricket."

Indian icon Sachin Tendulkar, who played alongside Hughes in the Indian Premier League, added: "Shocked to hear about Phil. Sad day for cricket. Deepest condolences to family, friends and well wishers. RIP."

The International Cricket Council (ICC) issued a statement offered its "deepest condolences to the family and friends" of Hughes.

ICC chairman Mr Narayanaswami Srinivasan added: "We are all shocked and saddened with the news of Phillip's passing.

Players console each other at St Vincent's Hospital, Sydney. 27 Nov 2014

 

Australian cricketers have been consoling each other at St Vincent's Hospital

"On behalf of the entire cricket community, I would like to extend my sincere condolences to his family and friends."

Hughes, who had played 26 Tests, made his Test debut at the age of 20 against South Africa in 2009.

In only his second match, he became the youngest batsman to post two centuries in a single Test.

He played county cricket for Hampshire, Middlesex and Worcestershire and shared in what was at the time a world record 10th-wicket partnership of 163 with Ashton Agar against England in the 2013 Ashes series.

He has been tipped for a recall ahead of the upcoming series against India, which is due to start next week.

Cricket Australia had already decided to abandon the latest round of Sheffield Shield matches following the injury to Hughes.

After his death was announced, cricket officials from Pakistan and New Zealand chose to postpone the second day's play in the third and final Test between the two countries.

"It's a sad day for cricket," Pakistan Cricket Board chairman Shaharyar Khan said in a statement.

New Zealand Cricket chief executive David White added: "Cricket is a family. Quite apart from its super-competitive edge, it is a game of kinship, mateship and friendship; of camaraderie and community."

A two-day tour match between a Cricket Australia XI and India, scheduled to be played in Adelaide on Friday and Saturday, has been cancelled.

In English cricket, Thursday's planned release of the 2015 county championship fixtures has also been postponed.

The death of Hughes has inevitably sparked further discussion about player safety in cricket and the use of helmets.

"It's an incredibly safe game, but I think this will shake batsmen slightly out of what might have been complacency," said former England captain and opening batsman Michael Atherton.

"I wore the same helmet for 10 years. I never changed it. I didn't give it much thought really. If there is that kind of complacency that I was guilty of, then I think people will be shaken out of that."

Former England captain Mike Gatting believes everything possible is being done to make helmets safe.

 

Gatting, who had his nose shattered by a Malcolm Marshall delivery in the West Indies in 1986, described the incident involving Hughes as "just a one-off, a freak accident". 

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1st ODI: Sri Lanka wins by 25 runs with 17 balls to spare

Posted on 26 November 2014 by admin

 

Sri Lanka defeated England by 25 runs in the first one-day international in Colombo on Wednesday to take the lead in the seven-match series. The hosts, who piled up 317-6 after being sent in to bat in the day-night match, bowled out England for 292 despite Moeen Ali's 119 off 87 balls and Ravi Bopara's 65.

The second match will be played in Colombo on Saturday. Tillakaratne Dilshan, Mahela Jayawardene and Kusal Perera hit half-centuries to steer Sri Lanka to 317-6 Wednesday afternoon. Dilshan top-scored with 88, Jayawardene hit a fluent 55 and Perera made 59 as the hosts took advantage of England's wayward and indisciplined attack that produced 17 wides.

The start of the day-night match at the Premadasa stadium was delayed by an hour due to bad weather, but the umpires decided to play a full 50-overs-a-side game.

England's decision to field first in overcast conditions did not bear fruit as Dilshan and Perera put on 120 for the first wicket by the 23rd over to give the hosts a flying start. Left-handed Perera was run out soon after reaching his half-century after a mix-up as Dilshan refused a second run.

England, who till then had failed to stem the flow of runs, struck again in the next over when Moeen Ali trapped Kumar Sangakkara leg-before for two. Sangakkara reviewed the decision after consulting non-striker Dilshan, but television replays favoured the bowler. Dilshan missed his century when he tapped a slower ball from Chris Woakes back to the bowler in the 38th over, ending a 76-run stand for the third wicket with Jayawardene. Sri Lanka were cruising at 253-3 in the 43rd over when off-spinner James Tredwell dismissed captain Angelo Mathews and Jayawardene with his last two deliveries in the innings. Mathews smashed 33 off 24 balls when he holed out in the deep attempting a fourth sixer. Jaywardene was caught by the wicket-keeper down the leg-side off the next ball. Sri Lanka plundered 94 runs in the last 10 overs to set England a tough target at the start of the seven-match series which gives both teams a chance to prepare for the World Cup in February-March.

Tilekeratne Dilshan won Player of the Match award.

 

Brief scores:

 

Sri Lanka 317-6 in 50 overs; England 292 all out in 47.1 overs.

 

ri Lanka innings (50 overs maximum) R M B 4s 6s SR
View dismissal TM Dilshan c & b Woakes 88 158 98 10 0 89.79
View dismissal MDKJ Perera run out (Root/Bopara/†Buttler) 59 89 74 5 1 79.72
View dismissal KC Sangakkara lbw b Ali 2 6 4 0 0 50.00
View dismissal DPMD Jayawardene c †Buttler b Tredwell 55 88 58 5 0 94.82
View dismissal AD Mathews* c Stokes b Tredwell 33 23 24 1 3 137.50
View dismissal NLTC Perera c Cook b Woakes 4 13 6 0 0 66.66
  HDRL Thirimanne not out 27 33 22 3 0 122.72
  BMAJ Mendis not out 30 22 14 2 2 214.28
  Extras (lb 2, w 17) 19          
  Total (6 wickets; 50 overs) 317 (6.34 runs per over)
  Bowling O M R W Econ 0s 4s 6s  
View wickets CR Woakes 10 0 68 2 6.80 27 6 2 (4w)
  HF Gurney 10 0 66 0 6.60 27 6 0 (6w)
View wickets JC Tredwell 10 0 52 2 5.20 28 2 2  
  BA Stokes 4 0 36 0 9.00 12 5 1 (3w)
View wicket MM Ali 10 0 66 1 6.60 24 6 1 (2w)
  JE Root 2 0 12 0 6.00 3 1 0  
  RS Bopara 4 0 15 0 3.75 13 0 0 (1w)
  England innings (target: 318 runs from 50 overs) R M B 4s 6s SR
View dismissal AN Cook* lbw b Dilshan 10 32 17 0 0 58.82
View dismissal MM Ali c & b BMAJ Mendis 119 139 87 11 5 136.78
View dismissal IR Bell c Jayawardene b NLTC Perera 35 36 35 3 0 100.00
View dismissal JE Root c †Sangakkara b NLTC Perera 2 7 8 0 0 25.00
View dismissal EJG Morgan b BAW Mendis 1 7 3 0 0 33.33
View dismissal JC Buttler b Prasad 21 21 21 1 1 100.00
View dismissal RS Bopara c MDKJ Perera b NLTC Perera 65 102 62 4 2 104.83
View dismissal BA Stokes st †Sangakkara b Herath 16 28 27 0 0 59.25
View dismissal CR Woakes st †Sangakkara b Herath 7 14 11 1 0 63.63
View dismissal JC Tredwell b BAW Mendis 6 18 11 0 0 54.54
  HF Gurney not out 1 8 2 0 0 50.00
  Extras (w 8, nb 1) 9          
  Total (all out; 47.1 overs) 292 (6.19 runs per over)
  Bowling O M R W Econ 0s 4s 6s  
  AD Mathews 3 1 17 0 5.66 12 3 0  
View wicket KTGD Prasad 5 0 51 1 10.20 12 6 1 (1w)
View wicket TM Dilshan 6 0 33 1 5.50 15 3 0 (1w)
View wickets BAW Mendis 9 0 55 2 6.11 23 3 1 (1w)
View wickets HMRKB Herath 9 0 58 2 6.44 26 2 4  
View wickets NLTC Perera 9.1 1 44 3 4.80 32 2 1 (1nb, 3w)
View wicket BMAJ Mendis 6 0 34 1 5.66 12 1 1  

 

MATCH DETAILS

 

 

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BUSINESS TODAY announces Top Twenty-five Corporates in Sri Lanka

Posted on 25 November 2014 by admin

Business Today fetes top 25 corporate entities.

by Sanath Nanayakkare – Courtesy: The Island – 

article_image

 

 

(L-R) Sri Lanka Telecom Group CEO, Lalith de Silva, Defence Secretary Gotabaya Rajapaksa, Chief Justice Mohan Peiris and Sri Lanka Telecom Group Chairman, Nimal Welgama at the Business Today Top Twenty-Five Awards Ceremony held at the Colombo Hilton, yesterday. Sri Lanka Telecom secured a place among the top ten leading corporate entities as catalyst of the telecommunication industry in the country.

(Pic by Kanishka Hewage)

 

In an enabling environment where national security, economic growth and quality of life had been ensured, people’s aspirations were growing even more and such further aspirations should be made a reality by continuing the tremendous transformation the nation was witnessing without pause, Defence Secretary Gotabaya Rajapaksa said in Colombo yesterday. He said so while speaking at the Business Today Top Twenty-Five 2013-2014 Awards Ceremony as its chief guest.

"Awards presented to best local corporate entities signify their commitment and hard work. Such recognition will increase shareholder value.

Such encouragement is important as the private sector needs to take bold steps to make use of the prevailing economic potential and bring dividends to the country and the people," he added. John Keells Holdings retained the number one position in Business today top Twenty-Five yet again. The second and third positions were secured by Commercial Bank of Ceylon and Ceylon Tobacco Company. Bukit Darah came at number four while Hatton National Bank Distilleries Company of Sri Lanka, Dialog Axiata, Sri Lanka Telecom, Lanka IOC, and Aitken Spence are among the top ten companies of Business today Top Twenty-Five.

Nimal Welgama, Sri Lanka Telecom Chairman speaking at the event said: "This recognition is a true achievement for Sri Lanka Telecom which we have been able to achieve against the prevailing challenges in the telecommunication industry. Despite offering the lowest tariffs to our corporate, institutional and individual customers we have been able to post a significant profit while taking care of 10,000 employees as the catalyst in telecommunication advancing the country’s forward march to prosperity".

 

The vibrance of the country is much evident, while challenges will be there, some avoidable and others not, it is how we face these challenges and achieve success that shows the strength of character. The Business Today TOP TWENTY FIVE for the financial year 2013-2014 are corporates who have shown their strength, perseverance and ability to perform under any circumstance. However, they can do much more.


Every single macro fundamental in the country has moved in the direction that it should and this year saw inflation reaching an all time low.This was achieved through the consistent supply of goods and services with productivity levels improving. This has also shown the country and the world that Sri Lanka can have sustained price and economic stability, which will attract future investments from outside. With stability in exchange rate and prices it is much easier to do business today.The economy is now more disciplined through the systemic approaches adopted. Improvements in infrastructure, increased confidence levels and foreign investors being bullish about Sri Lanka has contributed to the country's growth. Thereby allowing Sri Lanka to overcome the external challenges as a result of the global economy not faring too well.However, there has been a turnaround in the global economy, which has given the economy a further boost. Therefore, a new era of sustainable development is expected.


While credit growth has been slow and adverse climate condition such as drought and floods have affected the performance of the private sector and the economy as a whole, strong activity has been seen in garment manufacture, tourism and hospitality and services. The government has been committed to fiscal consolidation and reduction of public debt, which has been managed by reduced spending. While measures have been taken to increase government revenue by broadening the tax base as well as ensuring that tax evasion is penalised, economic activity is on the rise and credit is starting to show signs of recovery. Bank lending rates fell, with further reductions expected with the performance of the economy.


Colombo and all other major cities are seeing a much more organised, clean and green landscape. The cities are vibrant with urban planning and the environment being given priority. There are more hotels, restaurants and places to relax and enjoy.Sri Lanka is a country with peace, stability and freedom. A conducive enabling environment that has great potential as well as provide many opportunities for the private sector to garner, however as any emerging economy, which has been stifled for 30 years, challenges and obstacles will be inevitable, but everyone must acknowledge that the country has progressed significantly sharing the peace dividend with all parts of the country. It is not only Colombo that has benefited but all across the country, and to all sections of society.


The mammoth task achieved by President Mahinda Rajapaksa, and with his leadership and direction, Minister Basil Rajapaksa, Dr P B Jayasundera, Secretary to the Ministry of Finance and Planning, Gotabaya Rajapaksa, Secretary to Ministry of Defence and Urban Development cannot be discounted for petty political or personal gain. The people of this country need to understand the importance of putting the nation first. The judiciary of Sri Lanka has retained its respected stature under Chief Justice Mohan Pieris and now encompasses a calm environment where greater focus is given to the matters at hand.


Post 2009, established companies diversified, while new businesses aggressively ventured into sectors that they may not have expertise in. At times it is concerning to see the amount of capital that is expended, as the performance of the company may not reflect its ability to venture into new areas of business.


The Business Today TOP TWENTY FIVE continues to reflect the stronghold of the groups of companies that are well established in the country. They have harnessed the opportunities available, while the emergence of new companies in the Colombo Stock Exchange does not necessarily mean that they are viable or stable.


Access Engineering enters the ranking for the first time, while Hemas Holding and Tokyo Cement re-entered the TOP TWENTY FIVE this year. Banks and finance companies continue to perform well. Revenue is not considered as the main category as it was not truly reflect the performance of a company. It is the profit that enables the stability and longevity of a business.

The Private Sector Needs To Up Their Game To Be Truly Competitive Globally, After All The Private Sector Is The Engine Of Growth.
We congratulate the Business Today TOP TWENTY FIVE companies for their exceptional performance. The private sector needs to up their game to be truly competitive globally, after all the private sector is the engine of growth.


The Business Today TOP TWENTY FIVE is strictly based on the published information of companies listed in the Colombo Stock Exchange. Financial criteria considered include Share Turnover, Revenue, Profit after Tax, Return on Equity, Earnings per Share, Market Capitalisation, Value of Shares Transacted and Value Addition. Furthermore, weights are assigned to the criteria without any prejudice.


The Business Today TOP TWENTY FIVE have been selected on the basis of their financial performance during the financial year ending December 31, 2013 and March 31, 2014 with the assistance of KPMG Ford Rhodes, Thornton & Co.

 

01     John Keells Holdings    22.850

02     Commercial Bank of Ceylon    22.150

03     Ceylon Tobacco Company    20.850

04     Bukit Darah    19.600

05     Hatton National Bank    19.450

06    Distilleries Company of Sri Lanka    17.700

07     Dialog Axiata    17.200

08    Sri Lanka Telecom    16.300

09    Lanka IOC    15.050

10     Aitken Spence    14.900
    
11     Hayleys     13.800

12    Sampath Bank    13.700

13    Nestle Lanka    13.500

14     People’s Leasing & Finance    10.450

15     Central Finance Company    9.750

16    DFCC Bank    8.350

17    Lanka Orix Leasing Company    8.300

18     National Development Bank    7.150

19     Vallibel One    7.000

20     Access Engineering    6.650

21     Chevron Lubricants Lanka    6.550

22    Hemas Holdings    5.300

23     Seylan Bank    3.200

24    Tokyo Cement Company (Lanka)    3.100

25     Ceylinco Insurance    2.950

 

 

 

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Canada see great business potential with Sri Lanka

Posted on 22 November 2014 by admin

 

Canada sees great potential and synergy in Sri Lanka to do business with Canadian businesses and Canadian import market. Canada’s aim is to build ties and extend businesses between both countries, says Ms. Shelley Whiting, the Canadian High Commissioner in Sri Lanka.

“The presence of TFO Canada in Colombo today speaks of the enormous economic progress underway in Sri Lanka right now and Sri Lanka’s potential as a trade partner for Canadian Companies, said High Commissioner Ms. Whiting.

The Canadian envoy made these observations while addressing the pioneering EDB session, ‘Exporting to Canada’ held at EDB on November 18, where more than 200 eager representatives from 100 Lankan firms, big and small, were present.

As part of its new internationalisation thrust, Canada, the second largest economy in North America, directly called for a fresh trade round with Sri Lanka, while Sri Lanka beamed with satisfaction on its success with yet another NAFTA member-and a large number of Lankan firms of all sizes packed EDB’s pioneering ‘Exporting to Canada’ session in Colombo.

“We are in a continuous process of internationalising-especially targeting emerging markets,” added the High Commissioner Ms. Shelley Whiting.

Fifty-four per cent of Lankan exports to Canada are apparel. Canada has established an important share in Sri Lanka’s market for wheat and other agricultural commodities. Eighty-three per cent of Canadian merchandise exports to Sri Lanka in 2013 consisted of wheat and lentils, noted the High Commissioner and added: “Canada and Sri Lanka share a broad-based bilateral relationship, with long history of development assistance to Sri Lanka beginning with Colombo Plan and continuing through today where Canadian technical assistance is focused on building sustainable economic growth-and all the locomotives that arrived under the Colombo Plan 60 years ago are still functioning today!

“I think these Canadian workhorses are in many ways are symbolic of Canada’s trade relationship – longstanding, reliable, quality products, somewhat a small scale, but in for the long haul. We have a growing and significant presence in Sri Lanka’s education, agriculture, IT, energy, and infrastructure. Just as Sri Lanka engages in a large export volume to India, our main partner is also in our neighbourhood-in our case, the US. However, as various people have acknowledged, we are not defined by that trading relationship alone. We are in a continuous process of internationalising – especially targeting emerging markets.

“Just this September, the Canadian government celebrated its most successful month for trading and investment in Canadian history. Like Sri Lanka, Canada too has entered into several Trade Agreements including EU, Korea, etc. Starting from North America Free Trade Agreement (NAFTA), Canada has signed nearly 24 FTAs with the world. We also have seen five-fold increase in Canada-India trade in the recent years,” observed the High Commissioner.

Sri Lanka’s bilateral trade with Canada has shown a continuously growing trend in the last few years. The $ 346 million trade in 2009 surged by 26.23% to cross $ 437 million in 2013.

 

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SriLankan Airlines starts operations to Kunming

Posted on 21 November 2014 by admin

SriLankan Airlines starts operations to Kunming.

National carrier adds fifth Chinese destination to its global route map

 

The Green Lake, aslo known as the Jade of Kunming

 

Colombo, November 20, 2014: SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, in a move to meet the increasing demands for air services between China and Sri Lanka will be initiating operations to Kunming on December 1, 2014.

The national carrier currently operates a total of 15 weekly flights to Beijing, Shanghai, Canton and Hong Kong and with this initiative, will be marking its presence in the South-western China as well. Known as “the City of Eternal Spring,” Kunming is the capital and the largest city in Yunnan Province of South West China.   The city is home to several universities, museums, galleries and other important economic, cultural, and educational institutions, making it a popular destination among both leisure and business travellers.

SriLankan Airlines, Chief Executive Officer, Mr. Kapila Chandrasena said, “SriLankan Airlines has always viewed the Far East as one of its priority markets where a gradual increase in the number of tourists seeking Sri Lanka for holidaying has driven the airline to look into more expansion opportunities to cater to the growing demand as well as to motivate more travellers from both countries to explore the beauty of the two destinations. Moreover, SriLankan has been constantly enhancing its product and services to meet the demands of the modern day traveller. As a result, the first all new A330-300 aircraft which was added to our fleet recently as part of our wide-body fleet renewal programme, will be assigned primarily on the Far Eastern Routes such as Bangkok, Tokyo, Canton and Beijing.”

“China is very much part of the long term strategy of SriLankan to evolve its network. In addition to our scheduled operations to China, SriLankan currently operates a weekly charter flight to Chongqing which will continue till mid-December until we resume operations in January next year.”

This addition of a new destination will benefit the passengers who are seeking onward connections to Middle East, India and the Maldives. With 40 flights a week to 8 Middle Eastern cities, 88 weekly flights to seven Indian destinations and 36 weekly frequencies to Male, SriLankan passengers can now enjoy seamless connectivity from Colombo.  SriLankan’s codeshare services to the Seychelles with its sister carrier, Mihin Lanka also provides a greater convenience for the leisure travellers.

Having welcomed the one millionth Chinese tourist to the island in September this year, Sri Lanka sees a clear increase in numbers of Chinese travellers arriving in the country compared to last year.  According to Tourist Board statistics, from January to October this year, Sri Lanka has received 106,888 tourists from China, which is a 139% increase compared to the number (44, 742) recorded during the same period last year.

Elaborating further on the Airlines’ expansion plans, Mr. Chandrasena added, “SriLankan had operated Charter flights to Kunming in the past, and this initiative comes into being after various evaluations and many tourism promotional activities conducted in the region by the Sri Lanka Tourism Promotion Bureau.”

With 54,000 Chinese travellers choosing the national carrier to travel to the island in 2013, the airline, due to the high demand from the sector, expects a total of 120,000-140,000 Chinese travellers to visit and experience the country by the end of this year. For the first four months ending 30 April, the number of travellers from China to Sri Lanka on SriLankan Airlines was 36,000. 

Accordingly, SriLankan will be operating three weekly flights, departing Colombo on Monday, Wednesday and Friday at 1835 hrs, and arriving in Kunming at 0150 hrs. The flight will depart Kunming at 0255 hrs to arrive in Colombo at 0545 hrs. Passengers will also get the opportunity to enjoy the relaxing ambience and easy reclining seating on board SriLankan Airlines’A320 aircraft that will be operated on the route.

In April this year, SriLankan Airlines started operating eight direct flights a week to Beijing and Shanghai and out of which four flights operate via the Mattala Rajapaksa International Airport.

 

Corporate Communications

SriLankan Airlines

November 20, 2014

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EDC: Forestry is powering BC exports with a third year of double digit growth

Posted on 20 November 2014 by admin

 

(VANCOUVER) – November 20, 2014

British Columbia’s (BC’s) forestry industry is booming, boasting 11 per cent export growth this year. A new forecast by Export Development Canada (EDC) sees the revival of the US economy extending that trend with 12 per cent growth in 2015.

EDC’s new forecast predicts BC overall export growth to be 10 per cent in 2014 and 8 per cent in 2015, making it one of Canada’s top performers.

"The days of America's housing surplus are over," says Peter Hall, Chief Economist, EDC. "We’re seeing a growing housing deficit in the US right now. That, coupled with a lower Canadian dollar, will further boost demand for BC lumber in 2015."

"The mountain pine beetle infestation continues to be a challenge for forestry in BC," says Hall. "That being said, there is enough demand for Canadian quality pine that higher prices should offset the lower volume production."

Metals and ores will see the most growth in the province this year. With the opening of new mines, and other mining expansion, the sector is expected to post 13 per cent growth in 2014. EDC is forecasting 3 per cent growth for the sector in 2015 as new mines reach their full potential.

Agriculture and food exports also saw big increases in BC this year, with demand from emerging markets driving it to 11 per cent growth.

"British Columbia has the most diversified exports to emerging markets in Canada," says Hall. "This is connecting the province to high-growth markets and the growing consumer appetite of the swelling middle class in these regions. It's a powerful dynamic that will energize demand for a wide range of goods and services. Demand for food is on the leading edge of this new growth. As such, exports of BC’s agri-food will continue to rise in 2015 and for many years to come."

EDC’s semi-annual Global Export Forecast addresses the latest global export conditions including market- and sector-specific insights to help Canadian exporting companies grow their international sales. It also analyzes a range of risks for which exporters should be prepared. Read EDC’s Global Export Forecast.

About EDC

EDC is Canada’s export credit agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private

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Annesley Malawana & CJ Dharson will entertain guests at Kingsbury on New Year’s Eve

Posted on 14 November 2014 by admin

Sri Lanka's First Retro Fusion this New Year's Eve

It's probably a historic event where one will get to celebrate a fusion of English and Sinhala retro classics under one roof with legends such as – Annesley Malawana & CJ Dharson of Mintaka. These two names are synonymous with the retro era in both Western and Oriental music scenes in Sri Lanka.

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The Kingsbury has been very cleaver in identifying that Sri Lankans love to party and celebrate but the party must consist of both English and Sinhala retro songs. To a true Sri Lankan; whether living in Melbourne, Australia or in the heart of London, this combination evokes such sentimental memories of home, childhood, first love encounters and friendships that stay in our hearts forever. There is a special place in our hearts for Sinhala classics such as Udarata Niliya or Mango Kalu Nande and these songs can also be equated to hearty Sri Lankan rice and curry meal, or the cup of tea that is very much a part of our Sri Lankan DNA.

With the intention to showcasing an era of music that is so near and dear to the adult segment, New Year's Eve dance at The Kingsbury will certainly set the standards with their scrumptious food – Gala dinner & breakfast buffets, three very premium bottles of spirits, two bottles of Red or White, plenty of brew and chasers per table of ten to entertain all in the grand Kingsbury style. As the name suggests, The Kingsbury is a tribute to royalty and lavish banquets. This New Year's Eve, live The Kingsbury Lifestyle. Make it a timeless experience…one where you will carry the memories with you forever and from here on you will not settle for anything less.

The Kingsbury General Manager Maurice Cook, a proud Sri Lankan who has lived and worked overseas for the last 38 years was elated to mention, "We have an excellent network of Sri Lankans living overseas that return to The Kingsbury every Christmas for a 'piece of home'. This year's 'Retro Fusion' is just that. We are excited to note the response from our loyal clientele here in Sri Lanka too and we're certainly rolling out the red carpet this New Year's Eve." 

 

 

 

 

 

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Sri Lankan golfers in the U.K. – please read this news item

Posted on 14 November 2014 by admin

Sri Lanka may not be world-renowned for its golf but the sport has a long history in the island and there are three excellent courses. The highlight, undoubtedly, is Victoria Golf & Country Resort, a stunningly beautiful course hidden away in the central highlands near Kandy that is encircled by water and flanked by mountains. The other courses, the Royal Colombo Golf Club as well as the Nuwara Eliya Golf Club, date back to the Colonial period with the club houses retaining much of their old world charm. Green fees in Sri Lanka are relatively inexpensive by international standards and there are also some fun tournaments each year for amateurs.

This leads us to the reason why this is posted on our popular website. A long time resident in London, England Tissa Somarathne is popularising the sport and ioffering several packages to interested Sri Lankans and their friends. The following pdf document explains details. Please contact Tissa Somarathne directly.

SRI LANKAN GOLFING IN U.K.

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