Sri Lankans understand importance of healthy living  more than most Asians, but are not acting on it!

AIA Sri Lanka has released the Sri Lanka results of AIA’s 2016 Healthy Living Index Survey, which is carried out across Asia-Pacific. In the survey an astounding 95% of Sri Lankans acknowledge that there are definitely things they can do to improve their health but only 8% have taken major steps towards healthy living! So, whilst Sri Lankans have a high awareness of the importance of healthy living, we are not really doing much about it!

Business confidence unchanged in March

The March LMD-Nielsen Business Confidence Index (BCI)remained in line with the previous month, shedding a single point (to 154) from where the unique barometer of corporate sentiment stood in the previous month, the latest edition of business magazine LMD reports. “Concerns about the economy and investment climate, as well as interest rates, mirror a slight dip in business confidence, with fiscal reforms set to lead to further discontent,” it explains.

ADB upbeat on SL

ADB President Takehiko Nakao answers questions from the international media at the opening press conference of the 49th Annual Meeting of the ADB Board of Governors in Frankfurt, Germany.

India’s IT industry extends ETCA olive branch

NASSCOM President R. Chandrashekhar – Pic by Sameera Wijesinghe

By D.C. Jayasundera

India’s top IT industry body that commands 55% of the total global outsourcing market has called on its Sri Lankan counterpart to visit and discuss the proposed Economic and Technology Cooperation Agreement (ETCA) in an effort to build trust and find a mutually-beneficial way forward.

Japan to support Sri Lanka’s  Electricity Sector Master Plan Study

20160401 160319

A signing ceremony was held 1st April on the Record of Discussion for Technical Cooperation Project titled “The Project on Electricity Sector Master Plan Study” at the JICA Sri Lanka Office. The Record of Discussion was signed by the Secretary of Ministry of Power and Renewable Energy Dr. B.M.S Batagoda, Director General of Department of External Resources R.M.P. Rathnayake, the Ministry of National Policies and Economic Affairs, the General Manager of Ceylon Electricity Board M C Wickramasekara, and the Chief Representative of the JICA Sri Lanka Office Kiyoshi Amada.

Govt. to uplift vocational training sector to provide more opportunities for youth

President Maithripala Sirisena says his government will give high priority to improve country’s vocational training sector to provide more opportunities for the country’s youth who are unable to receive higher education.

Speaking at the progress review meeting on National School of Business Management, which is under the Ministry of Skills Development and Vocational Training, at the President’s Office Wednesday, the President said the physical and human resources of the countrywide vocational training centers will be enhanced as the training at these institutions is weakened due to lack of resources.

Battered brokers bemoan Capital Gains Tax

By Charumini de Silva

Battered stockbrokers are urging the Government to consider reintroducing the Share Transaction Levy (STL) as a less damaging alternative to the Capital Gains Tax (CGT), which they warn will further hurt the Colombo Bourse.

“At this juncture where markets’ daily trading volumes are at record-low levels, bringing in a Capital Gains Tax would be counterproductive,” Colombo Stock Brokers Association President Ravi Abyesuriya told the Daily FT.

AFP (New York): The world’s most expensive train station opened Thursday (3) in New York, nearly $ 2 billion over budget and years behind schedule, but the European architect who designed it called it a gift of love to the city.

The World Trade Center Transportation Hub, which is expected eventually to serve more than 200,000 commuters daily, is built next to the site of the Twin Towers, which were destroyed in the terror attacks of 11 September 2001.

Santiago Calatrava, the Spanish-Swiss architect who unveiled his ambitious design 12 years ago, removed a barrier at the entrance of the Oculus, a giant oval hall with walls of steel ribs and glass.