BusinessAIA Insurance Lanka PLC (AIA), a public listed company, on Friday announced its intention to delist from the Colombo Stock Exchange (CSE), subject to obtaining requisite approvals. AIA Insurance Lanka Director & Chief Officer Legal Chathuri Munaweera said: “the Regulation of Insurance Industry (Amendment) Act No.23 of 2017 enables local subsidiary insurance companies of foreign companies listed on a stock exchange outside Sri Lanka to be exempted from their obligation to be listed, if the Insurance Regulatory Commission of Sri Lanka is satisfied that such subsidiary meets specified statutory criteria”. Pankaj Banerjee, CEO of AIA Insurance Lanka added, “As disclosed by AIA Group in its Voluntary Offer during 2013, it has been AIA Group’s ultimate objective, subject to legal and regulatory requirements and having obtained all necessary regulatory approvals, to delist AIA Insurance Lanka from the CSE”. In a media release, AIA Insurance Lanka said its licence to carry out life insurance business as granted by the Insurance Regulatory Commission of Sri Lanka (IRCSL) will not be affected by the said proposed delisting of the company and the business will continue to be supervised by the IRCSL. Policyholder liabilities will not be affected and AIA Insurance Lanka will continue to serve its customers and honour its obligations as the insurer for all customers for the risks duly underwritten per policy terms.
July 20, 2018 11:00 UTC
NewsMalaysia's Penang Deputy Chief Minister II P. Ramasamy’s alleged links to the Liberation Tigers of Tamil Eelam (LTTE) are to be investigated, according to a report in the Malaysian Star. “However, Bukit Aman has taken over and we will investigate thoroughly,” he said at a press conference. Allegations of Ramasamy’s ties were widespread after a photo of himself and pro-LTTE politician V. Gopalasamy circulated online. The photo is believed to have been taken during a recent wedding reception. The LTTE has been classified as a terror group by multiple foreign countries.
July 20, 2018 08:40 UTC
WorldKUALA LUMPUR (Reuters) - Malaysia will release on July 30 a long-awaited report into the disappearance of Malaysia Airlines flight MH370, the transport minister said on Friday. The investigation team would brief families of those aboard on the report at the transport ministry on July 30, said the minister, Anthony Loke. “Every word recorded by the investigation team will be tabled in this report,” he told reporters, adding that a news conference would follow the closed-door briefing. It was the second major search after Australia, China and Malaysia ended a fruitless A$200-million ($147.06 million) search across an area of 120,000 sq km (46,332 sq miles) last year. Prime Minister Mahathir Mohamad has said Malaysia would consider resuming the search if new clues came to light.
July 20, 2018 07:37 UTC
"Rampant circulation of irresponsible messages in large volumes on their platform have not been addressed adequately by WhatsApp," the ministry said. In India people forward on WhatsApp more messages, photos, and videos, than any other country in the world, the company said. In its statement, the ministry also called on WhatsApp to enable the "traceability" of provocative or inflammatory messages when an official request is made. Earlier this week India's Supreme Court told the government to enact new legislation to deal with lynchings and punish offenders. In Pakistan, WhatsApp this week began a week-long publicity campaign offering tips to spot fake news ahead of elections on July 25.
July 20, 2018 07:27 UTC
WorldWASHINGTON (Reuters) - President Donald Trump has invited Russian President Vladimir Putin to Washington this autumn, the White House said on Thursday, a daring rebuttal to the torrent of criticism in the United States over Trump’s failure to publicly confront Putin at their first summit for Moscow’s meddling in the 2016 election. Four days after Trump stunned the world by siding with Putin in Helsinki over his intelligence agencies, the president asked national security adviser John Bolton to issue the invitation to the Russian leader, said White House spokeswoman Sarah Sanders. What happened at Monday’s one-on-one between Trump and Putin with only interpreters present remained a mystery, even to top officials and U.S. lawmakers who said they had not been briefed. In one Twitter post, Trump blamed the media. “The Summit with Russia was a great success, except with the real enemy of the people, the Fake News Media.”
July 20, 2018 07:22 UTC
NewsFive persons were injured after a lorry overturned at the 10th Mile Post at Mahakumbukkadawala Road in Anamaduwa yesterday (19). The lorry had been carrying nine persons along with the driver at the time of the incident and five of those were injured. The condition of one of the injured was reported to be serious. Anamaduwa Police are investigating. Text and Pix by Hiran Priyankara Jayasinghe in Puttalam
July 20, 2018 06:14 UTC
WorldA tourist boat capsized and sank Thursday during a fierce storm on a lake in Missouri, killing at least 11 people, the local sheriff said. He said the incident was caused by heavy winds, saying the tour boat had been making its way to land. The man-made lake where the boat sank is a popular tourist draw located in southern Missouri near the city of Branson, on the border with Arkansas. Branson, Missouri is a vacation destination popular for its theaters and country music, including singer Dolly Parton's Civil War-themed attraction. The incident in Missouri was part of a storm system that struck much of the Midwest late Thursday, according to meteorologists.
July 20, 2018 06:00 UTC
NewsOman Post has announced that it will temporarily stop receiving any mail to be sent to Sri Lanka, "due to unforeseen circumstances". In a statement online, the postal agency said, "We would like to inform you that Oman Post will stop accepting P.O. mail to Sri Lanka, Colombo due to unforeseen circumstances until further notice." An official from Oman Post told Times of Oman that the decision came from the Sri Lankan authorities: "We received an email that Sri Lanka Post will not be accepting any international mail until further notice." Th announcement came as employees of Sri Lanka Postal department have been on a week long indefinite strike demanding to resolve their issues.
June 19, 2018 15:11 UTC
The Hambantota High Court had found the accused guilty of a rape committed at Kattakaduwa in Hungama in 1990 and a fraud amounting to Rs.13,650, sentencing him to four years RI. He had subsequently been out on bail while the verdict was being appealed at the Tangalle High Court. The Tangalle High Court too found the accused guilty of the offences and upheld the verdict delivered by the Hambantota High Court. However, according to investigations conducted by the Hungama Police, the accused had been in the habit of coming to Kandy on occasions. The accused, who is now 55 years old, will be produced before the Tangalle Magistrate's Court, police said.
June 19, 2018 08:15 UTC
WorldSAN SALVADOR (Reuters) - Honduras called on Monday for the United States to stop separating immigrant children from their parents at the U.S. border, while El Salvador warned that the policy puts children’s health at risk and could cause psychosocial scars. El Salvador’s foreign ministry said in a statement that the Trump administration’s hardline policy of separating immigrant parents and children violated human rights and “strongly urged” for an end to the practice. Images of children and youths sitting in concrete-floored cages in U.S. detention centers have fanned outrage over the policy. Trump administration officials have defended the policy as a way to secure the border and deter illegal immigrants. El Salvador insisted parents had the right to know where their children were and asked that consular officials be “speedily” notified of where the children have been taken.
June 19, 2018 04:52 UTC
WorldBEIJING/SEOUL (Reuters) - North Korean leader Kim Jong Un arrived in Beijing on Tuesday, where he will likely brief Chinese President Xi Jinping on his summit with U.S. President Donald Trump last week, as Washington and Seoul agreed to suspend a major joint military exercise. This is Kim’s third trip to China this year, coming a week after he met Trump in Singapore for historic talks. South Korea and the Pentagon announced they would halt the annual Freedom Guardian military drill scheduled for August. In an unusual move, Chinese state media announced Kim’s visit and said he would stay for two days. Previously China would only confirm Kim had visited after he had left the country.
June 19, 2018 04:52 UTC
New guidelines for the procurement of goods and services gazetted By Namini Wijedasa View(s): View(s):The National Procurement Commission (NPC) has gazetted for the first time since 2006 new guidelines for the procurement of goods, works, services and information systems as well as selection and employment of consultants by Government institutions. The 117-page document will replace all previous procurement guidelines, circulars and directives. The guidelines have introduced “green public procurement” (GPP) which makes it mandatory for all State institutions to consider the environment when procuring goods, works, services and information systems. Among the IAEC’s tasks will be development of green specifications for commonly used products, goods and works using existing material approved by local green certification organizations. The guidelines also state that procuring bodies should absorb any additional cost incurred in procuring goods, works and services with green specifications.
Lessons from our kings of yore for a parched land By Randima Attygalle View(s): View(s):Centuries before climate change, water harvesting and water management became buzz-words, our ancient monarchs were ‘modern’ enough to see ‘sustainable development’ through their irrigation marvels. The programme is also partnered by the Ministry of Disaster Management, Department of Agriculture, Department of Agrarian Development, National Water Supply & Drainage Board, and Department of National Community Water Supply. The project also revisits our traditional water management systems. “The water management of the downstream is poor and both water management and the canal system needs upgrading,” says Pathmasiri. This is envisaged through multi-pronged partnerships engaging stakeholders such as the National Water Supply and Drainage Board, Department of National Community Water Supply, Lanka Rainwater Harvesting Forum and a number of other Civil Society Organizations.
Hot contenders make steady progress By M. Shamil Amit Dialog Inter-Club Rugby 7s View(s): View(s):The second leg of the Dialog Inter-Club Rugby 7’s played at the Racecourse ground in Reid Avenue saw CR & FC, CH & FC ‘A’, Navy SC ‘A’ and Army ‘A’ who are in contention for the title making steady progress by winning both matches. CR & FC recorded convincing wins against Police ‘A’ who were the runner up of the first leg two weeks ago and Army ‘B’, CH & FC got the better of Peterson SC ‘B and Navy ‘C’. Navy SC ‘A’ secured wins against Army Caterians and Galle RFC while Army SC ‘A’ beat Galle RFC and Army Caterians. The highest score for the day was registered so far was by CH and FC when they trounced Peterson ‘B’ by 53 points to 5. Navy ‘A’ beat Army Caterians by 52 points to seven.
“I TEACH, what is your superpower?” By P.H. It’s a cork coaster with the slogan, “I TEACH, what is your superpower?” brandished on a charcoal backdrop. As a Brown Panther I calculate each step before I make it to the front of my classroom to teach. I do not live in the wild, but, in all honesty this 1.5miles or 2.4km walk helps this Brown Panther transform all regular powers into a teaching superpower that conquers ignorance. Living in a quaint college town teaching English and World Literature to university undergraduates at an American University.