Business Today Sri Lanka - February 2009

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Vice Admiral Wasantha Karannagoda is the strength behind the current successes of the Navy. His strategic direction enabled the Navy to destroy the ‘Floating Warehouses’ of the LTTE. The sea is Vice Admiral Karannagoda’s ‘territory’ and what follows is his story on the determination, perseverance and courage of the Naval forces and how the Navy has progressed from a ceremonial outfit to one of the best Navies in the region.
The current global financial slowdown did not happen out of the blue; many saw it coming. But it was only in September 2008, when many global banks and other financial institutions in the United States were merged or failed that it became a prominent issue in the world. The effect of this slowdown is invariably felt in Sri Lanka as well, primarily because of our trade relations with the USA and other major European markets. At a recent seminar organised by the Institute of Chartered Accountants of Sri Lanka (ICASL), an eminent panel discussed the possible impact of the global economic meltdown on the Sri Lankan economy.
With 10 years of experience in Immigration Law, Susantha Katugampala is an established lawyer practising in Melbourne, Australia. He has been domiciled in Melbourne for the past 19 years and is a Law graduate of the Monash University, Melbourne. He is also an accredited Immigration Specialist of the Law Institute of Victoria. Susantha Katugampala established Australia Gateway - a migration consultancy firm in Colombo recently to assist Sri Lankans who wish to migrate to Australia.