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Commercial Bank of Ceylon has launched a programme in collaboration with the Central Bank of Sri Lanka to enhance entrepreneurship skills in the Small and Medium Scale Enterprise (SME) sector. The first seminar of this programme was held recently for entrepreneurs who are in the SME and Micro Enterprise sectors in Nuwara Eliya. Officials of ...
- Commercial Bank joins Central Bank to promote financial literacy among SMEs (Category: Business)
- Commercial Bank arrives at Maskeliya (Category: Business)
- Fitch affirms HNB at ‘AA-’ (Category: Business)
The Sri Lanka Foundation (SLF), the centre for leadership, education and training, last week signed a MoU with the Asian Institute of Technology (AIT). It is envisaged that this important step of the SLF will enhance international collaboration and establish cooperation between AIT and SLF in realising the objectives of both SLF and AIT from ...
- International Campus (Category: Business)
- Sri Lanka Foundation Language Unit launched (Category: Business)
- Sri Lanka Foundation and Shippers’ Academy partner to boost training (Category: Business)
A sensational new offer from Emirates is likely to arouse the travel bugs among Sri Lankans in the month ahead. Sri Lanka-resident members of Skywards, the frequent flyer programme of the award-winning airline, can now save on fares to three popular destinations by paying part of the fare with accumulated Skywards Miles under this offer. ...
- Double the Skywards Miles offer (Category: Business)
- Emirates offers special student fares to UK (Category: Business)
- Emirates unveils special Economy and Business Class fares in Colombo (Category: Business)
- Emirates offers more bonus miles for travel booked in October (Category: Business)
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
Reuters: Asian shares steadied in choppy trade on Thursday ahead of the US Federal Reserve’s decision later in the day, as investors remained cautiously optimistic for further stimulus action to bolster the world’s largest economy. Commodities from oil to gold were also held in tight
- Edgy Trade (Category: Business)
- Fed launches QE3, bets big to rescue US economy (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- ‘India is in a sweet spot for the next few years’ (Category: Breaking News)
Reuters: Germany’s Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone’s new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund. The eagerly awaited verdict boosted global stocks and the euro currency as investors ...
- Euro zone crisis heads for September crunch (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- EU leaders to agree on permanent bailout fund (Category: Business)
- Europe splits over fiscal union, UK isolated (Category: Business)
criticised the Government’s handling of the economy and insisted that ...
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
- High profile stakes! (Category: Business)
- UNP breathes fire over NSB-TFC deal (Category: Business)
- UNP raises alarm over NSB investment in The Finance (Category: Business)
“In order to create long term economic stability, the creation of incremental wealth is imperative,” stated former Hatton National Bank Managing Director and CEO Rienzie Wijetilleke addressing the a luncheon meeting organised by the Sri Lanka – Italy Business Council of The Ceylon Chamber of Commerce. It was also noted at the meeting that whilst ...
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Sri Lanka Telecom Mobitel has announced its partnership with the Department of Accountancy of the Kelaniya University to introduce ‘MBus’ – the Master of Business curriculum via its mLearning platform. With the introduction of this new initiative, students will now have the ability to access faculty on the internet via a Mobitel Dongle – making ...
- Mobitel supports Civil Defence Force ‘Nandimithra’ Football Team (Category: Business)
- Colombo to host GSMA mWomen Working Group meeting (Category: Business)
- Mobitel sponsors Annual NCE Export Awards for 7th consecutive year (Category: Business)
- Mobitel launches special package for migrant workers (Category: Business)
One of the largest healthcare systems providers in Sweden, Cambio Healthcare Systems has set up a research and development centre in Sri Lanka and is now poised to expand further with the vision of being the leading healthcare systems provider in the Nordic regions. “Cambio Healthcare Systems is currently one of the largest e-Health providers ...
- Sweden’s Cambio Healthcare Systems Expands In Sri Lanka (Category: Business)
- Another success story for IIT (Category: Business)
- Swedish BOI enterprise Cambio Healthcare Systems expands its operations in Sri Lanka (Category: Breaking News)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
With the opening of the ibis Hong Kong Central and Sheung Wan, Accor now operates over 100,000 rooms in the region. “The Asia Pacific region is one of Accor’s strategic growth markets, and I congratulate the regional team and our partners on passing the key milestone of 100,000 rooms in the region,” said Denis Hennequin, ...
- Accor opens its 500th hotel in Asia Pacific (Category: Business)
- Accor opens its 500th hotel in Asia Pacific (Category: Business)
- Bandung Home to Largest Ibis Hotel in Asia Pacific (Category: Business)
- Asia Pacific Military Nursing Exchange -2012 (Category: Breaking News)
Emirates will fly double daily to Jordan from 1 October, providing greater access to one of the most popular tourism destinations in the Middle East. Amman is one of Emirates’ longest established routes. The airline has been flying to the Jordanian capital since 1986, the year after Emirates was launched. ...
- Jordan stuns Australia in World Cup qualifier (Category: Business)
- Jordan’s RJ airline President and CEO resigns (Category: Business)
- SriLankan flights to Rome and Milan (Category: Business)
- Iraq defeat Singapore to give coach Zico a first win (Category: Business)
A thousand children moving upward and onward, embracing entrepreneurship to win the future – this is what participant children in the Future First program are experiencing. The program is a collaborative venture between Young Entrepreneurs Sri Lanka (YESL) and HSBC targeting 1,000 less affluent children from schools and centres catering to disadvantaged communities. Future First ...
- Recognising future business leaders (Category: Business)
- IRD After Schoolboy (Category: Breaking News)
- SLASSCOM launches ‘Future Careers Partners 2012’ (Category: Business)
- HSBC Advance brings innovative banking a step closer (Category: Business)
THE Government’s move to use the Labour Commissioner to arbitrate for a solution to the academics strike ended in yet another dead end, prompting questions of whether the Government is prepared to take a serious step to solve the crisis. The offer was rejected for two reasons. One is that the academics insist their grievance ...
- University academics on token srike on Tuesday (Category: Breaking News)
- Govt. closes all universities due to ongoing academics’ strike (Category: Business)
- Dimmed hope (Category: Business)
- Save student involvement (Category: Business)
SINGAPORE (Reuters): Tyre makers snapped up rubber for nearby shipment before prices rise again on expectations of more stimulus measures from the U.S. Federal Reserve, dealers said, although there are some concerns about rising inventories in main consumer China. Tyre grades from Thailand, Indonesia and Malaysia for October/November delivery were sold overnight at between $2.63 ...
- China buys SMR20 rubber at lowest prices since late 2009 (Category: Business)
- Globle rubber industry hopes China demand will offset Europe woes (Category: Business)
- Thai 2012 rubber output seen up 5% (Category: Business)
- India rubber seen up on global cues, supply drop (Category: Business)
By Maheshi Perera Rubber tapping is a profession that requires deep skills and right tools, which is exactly what the rubber industry in Sri Lanka lacks today. The numbers of skilled tree tappers are declining and more and more people are deviating from the industry. This is having a huge negative impact on the rubber ...
- An improved knife for tapping latex introduced (Category: Breaking News)
- Sri Lanka Rubber Research Institute introduces an improved knife for tapping latex (Category: Breaking News)
- Sri Lanka moves to upgrade rubber infrastructure to play 2022’s $ 4 b target (Category: Business)
- Thailand seeks global cooperation on rubber prices (Category: Business)
Reuters: Asian shares rose to three-week highs and the euro hit a four-month peak against the dollar on optimism that a German court will approve the legality of the euro zone’s bailout fund later on Wednesday and the U.S. Federal Reserve may ease this week. The positive mood was bolstered by reports saying Spain is ...
- Asian markets cheered by Fed rate outlook (Category: Business)
- Asian markets firmer as focus turns to FOMC from Greece (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- Euro zone fears rattle global markets (Category: Business)
TIANJIN, China (Reuters): China is on track to meet this year’s target for economic growth and if needed the government could utilise a 100 billion yuan fiscal stability fund to boost growth, Premier Wen Jiabao said on Tuesday. Wen, speaking at a meeting of the World Economic Forum held in China’s eastern port city of ...
- China’s Wen urges more support for growth (Category: Business)
- Global crisis not over, China reforms to go on: Wen (Category: Business)
- China cuts 2012 growth target to 8-year low of 7.5 % (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
The Tokyo Stock Exchange (TSE), which is the third largest equity/stock market in the world with a total market capitalisation of US$ 3.3 trillion, has expressed interest to have Sri Lankan listed corporates on the Colombo Stock Exchange (CSE) to be listed on the TSE as Japanese Depository Receipts (JDRs), stated Ambassador of Sri Lanka ...
- Listing Of SL Corporate In TSE (Category: Breaking News)
- Luminex Limited starts trading at after raising Rs.250 million via IPO (Category: Breaking News)
- Sri Lankan firms raise Rs. 45 billion via IPO’s & Rights issues in 2011 (Category: Breaking News)
- SEC issues directive on trading of warrants (Category: Business)
By Shanuka Tissera Amendments to the Petroleum Products (Special Provisions) Act have been finalised and approved by the Attorney General. It is expected that both bills will be presented to Parliament shortly for enactment. Pending the enactment of new legislations, the Cabinet of Ministers has appointed the Public Utilities Commission of Sri Lanka (PUCSL) as ...
- Lanka Lubricants losing market share at a slower pace: Arrenga Capital (Category: Business)
- In-depth workshop on lubricant industry today (Category: Business)
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
Reuters: Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme. The term, coined in 2001 by Goldman Sachs banker Jim O’Neill, provided a catchy acronym to unite the four biggest emerging economies, two of which ...
- China slowdown weighs on emerging market funds (Category: Business)
- Templeton plans $300 m emerging markets fund (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
REUTERS: The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant’s bottom line – but could give a significant boost to the overall US economy. Sales of the new iPhone could add between a quarter and a half percentage point to fourth
- Samsung, HTC set to gain as iPhone 4S disappoints (Category: Business)
- Apple expected to unveil new iPhone next week (Category: Business)
- Samsung unwraps latest Galaxy rival to iPhone (Category: Business)
- New iPhone doubles data consumption – study (Category: Business)
The Board of Investment (BOI) hosted last week a high-powered visiting delegation from South Africa led by Deputy Minister of Economic Development MP Prof. Hlenginwe Mkhize, Ambassador of South Africa in Sri Lanka Geoff Doidge, A.N.C National Coordinator and former Minister Renier Schoeman and 30 officials of the ANC and entrepreneurs from South Africa. The ...
- South Africa in unprecedented foray into SL, starts entry with $ 122 m (Category: Business)
- Top South African biz team coming in Sept. (Category: Business)
- South African delegation begins major B2B talks (Category: Business)
- Powerful South African biz delegation in town today (Category: Business)
The third edition of Richlist, the book about the richest and most successful business people in Sri Lanka, has been launched after a hiatus of four years. The book contains short descriptions of each of the people and companies in the book. Important world and Sri Lanka economic data are interspersed throughout the book. The ...
- Sri Lanka deny NZ (Category: Breaking News)
- New book on Sri Lanka’s history to be launched next week (Category: Business)
- Book on Sri Lanka’s History (Category: Breaking News)
- Large Crowds At London Book Fair Sri Lanka Stall (Category: Breaking News)
Reuters: Intel Corp cut its third-quarter revenue estimate more than expected on Friday due to a decline in demand for its chips as customers reduce inventories and businesses buy fewer personal computers. Intel also said it was scaling back capital spending as a result of the business slowdown. A revision of Intel targets had been ...
- Intel announces availability of latest mobile Intel platform (Category: Business)
- Do PCs have a future? Intel thinks so (Category: Business)
- With the wave of a hand, Intel wants to do away with passwords (Category: Business)
- Intel shows new Atom-Android phones (Category: Business)
Sri Lanka Insurance Corporation (SLIC) 2011 Annual Report won two prestigious awards at the recently held 2011 Vision Awards in New York. The awards – a Gold Award in the Insurance category and a Bronze Award for the most improved Annual report in the Asia Pacific region – are especially significant as the Annual Report ...
- SLIC Wins At LACP Vision Awards 2011 (Category: Business)
- DCSL still waiting for Govt. to repay SLIC profits earned (Category: Business)
- Sri Lanka Insurance’s Chairman’s Club members awarded with gold sovereigns (Category: Business)
- SLIC wins Best Insurance Company award (Category: Breaking News)
A Memorandum of Understanding (MOU) was entered into between the Ministry of Health and the National Health Development Fund on behalf of the Government of the Democratic Socialist Republic of Sri Lanka (GOSL) and the Trustees of the Foundation Supporting a National Trauma Service in Sri Lanka, Victoria, Australia (Project BEAP), which is a charitable ...
- Radiation treatment centre to be set up in North (Category: Business)
- North Central Mega Development (Category: Business)
- Saudi offers Rs. 7.6 b financial assistance to upgrade road network (Category: Business)
- India to repair 79 schools in north with Rs. 187 m investment (Category: Business)
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- Asian stocks rebound as Bernanke soothes investors (Category: Business)
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
- Corporatism: A step beyond state capitalism (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- Impunity: Unequal before the law (Category: Business)
Power of the village One of the most respected business personalities that Sri Lanka has produced to the multinational belt of companies is Lalith De Mel, better known as J.C.L. De Mel. I was blessed to have had the exposure of being trained by him during the times that he was the Global Director for ...
- Vavuniya: Sri Lanka’s best on poverty at 2.3% (Category: Business)
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- Revolutionising Sri Lanka’s agricultural rupee (Category: Business)
- Hayleys recognised as Sri Lanka’s most nation-minded corporate entity (Category: Business)
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