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Sunday, 29 December 2013

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Dancers coming on stage to perform at a Christmas gala at a shopping mall in Beijing, as Chinese businesses cash in on the commercial value of the Christian festival. Annual growth rates above 10 percent were once common during China's metamorphosis from a classic communist-style command economy to the state-private hybrid unleashed by reforms introduced by Deng Xiaoping in the late 1970s, and in the process, hundreds of millions of Chinese were lifted out of poverty as the economy enjoyed a decades-long boom. -AFP

'National accounts figures accurate'

The Director General of the Department of Census and Statistics, D.C.A. Gunawardena assured the accuracy and credibility of all the statistics published by the Department including national accounts and inflation figures. Responding to the recent charges raised against manipulation of figures of national accounts during the Budget debate in Parliament, Gunawardena said that all the charges were baseless.

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BoC upgrades technology

To keep pace with advancements in technology, and harness ever-growing volumes of data affecting the banking industry, the Bank of Ceylon (BoC) has upgraded its hardware platform to IBM Power Systems servers with POWER7+ technology. As the bank's primary live and DR (Disaster Recovery) servers,

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National Certification Authority for ICTA

The ICT Agency of Sri Lanka (ICTA) was recently vested with National Certification Authority (NCA) powers by a special gazette notification. The gazette establishes ICTA as the Certification Authority for the purpose of the Electronic Transaction Act.

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Tetra Tech wins Badulla water supply contract

Tetra Tech Inc, a US firm, said it had won a US $ 74 million contract to build a water supply and treatment plant in Sri Lanka. The US Export-Import Bank is financing the deal. Tetra Tech will design and oversee the completion of a new water supply treatment plant, storage tanks, pumping stations,

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