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Over 15 Sri Lankan senior professionals and young talent in attendance; 17 entries from Sri Lanka in record haul of 4,860 from 23 countries this year The largest-ever creative communications festival in Asia Pacific, the three-day Spikes Asia 2012, kicked off on Sunday in Singapore. Over 500 industry professionals from 27 countries including over 15 ...
Vandenberge yesterday told the Daily FT that ...
By Maheshi Perera The Public Utilities Commission of Sri Lanka (PUCSL) has withdrawn the proposed new tariff on Non-Conventional Renewable Energy (NCRE) within 24 hours of its publication. The new tariff was published on 11 September, but yesterday a fresh notice by PUCSL said it stood withdrawn. “The withdrawal was purely due to a ...
Close to 4,900 entries across 16 award categories A record number of Spikes Asia entries have been submitted this year, totalling 4,860 from 23 countries. The largest creative communications festival in Asia Pacific, which kicks off on Sunday in Singapore, is also set to welcome industry professionals from 27 countries who over two insightful ...
Keeping in mind that you now know that every entrepreneur is a marketer by nature (Every entrepreneur is a marketer: Top five traits, published on 1 June 2012 in the Daily FT), let us have a look at the likes of an entrepreneur. Innovation and idea-storming All entrepreneurs love
The Colombo Stock Exchange (CSE) is turning to become a real market of producing a dip and a gain within a day, showing early signs of maturity though some remain sceptical overall. Having appreciated by nearly 11% in 12 market days, there was quick profit taking in early morning trading yesterday. This saw the ASI ...
By Cheranka Mendis The fourth edition of Lanka Challenge is now underway with 45 foreign participants making their way to Jaffna in three wheelers. Organized by Large Minority, in the challenge popularly known as the ‘tuk’ or ‘three wheeler’ challenge, it is the first time that participants are taken to the northern quarter of the ...
The Securities and Exchange Commission (SEC) is likely to get a new Commissioner following the Government's decision to make a change as opposed to the previous move. A Finance Ministry official confirmed there has been a change but didn’t give details. Previously Pricewaterhouse-Coopers Partner and former Ex-Officio Commissioner Sujeewa Mudalige was named among new appointees ...
Traders Association Chairman M.S. Rahim told the Daily FT that if ...
By Marianne David and Cheranka Mendis The safari savagery that erupted last week with mobile tented safari operators being attacked seems to have reached a ceasefire of sorts, following two meetings between stakeholders on Wednesday. Employees attached to Mahoora Safari Camps, Kulu Safaris and Leopard Safaris were assaulted by mobs affiliated to the Tissamaharama Jeep ...
Speculation was rife that nomination of Sujeewa Mudalige as a Commissioner of SEC has been dropped suggesting yet another vacancy exist. As exclusively reported by Daily FT yesterday, the choice of Mudalige was a surprise as he was not in the original speculated list
Sri Lankan Architect practicing in USA is in Sri Lanka to replicate his success in Panama here “Architecture is an art; a pragmatic art. It is a science, a sensuous science,” says Archt. Dr. Raj Barr-Kumar. Here in Sri Lanka to initiate three projects incorporating sustainability, latest technology and modern design, Barr joined the ...
By Rashika Fazali Only few apartments are seen around Rajagiriya but the most talked about apartment project today is ‘110 Parliament Road’ apartments, located in a serene area with views of the Colombo Golf Course and the National Bird Sanctuary. The apartments feature state-of-the art facilities such as swimming pools, gym, tennis courts, basket ball ...
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
By Marianne David and Cheranka Mendis Sri Lanka Tourism yesterday told the Daily FT that the Department of Wildlife would set up a meeting with both the Tissamaharama Jeep Association and the officials of the three tented mobile safari operators in order to arrive at “an amicable settlement
Dr. Nalaka Godahewa has resigned as the Chairman of Divasa Finance Ltd. last week. Analysts widely believe the move as a precursor to the impending appointment of Dr. Godahewa as the new Chairman of the Securities and Exchange Commission (SEC), which the Daily FT exclusively reported on Saturday
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
Tissamaharama Jeep Association turns violent; threatens wild life tourism operators By Cheranka Mendis The three tented mobile safari operators within the Yala National Park have been threatened by the Tissamaharama Jeep Association on Friday and Saturday to cease operations within five days, accusing them of eating into the share of local jeep operators’ business. The ...
The resignation of Tilak Karunaratne as the Chairman of the Securities and Exchange Commission (SEC) has been accepted whilst a successor will be named next week, Finance Ministry Secretary Dr. P.B. Jayasundera said. The confirmation by the Treasury Secretary ends week-long uncertainty whether the SEC Chief’s quit notice would be accepted or not, even though ...
Finance Ministry has acepted the resignation of SEC Chairman Tilak Karunaratne and a suitable appointment will be made soon, Ministry Secretary Dr. P.B. Jayasundera told the Daily FT.
The Annual General Meeting of the Colombo Stock Brokers Association (CSBA) will be held today. The Daily FT learns a change at the top was likely. Current Chairman is Sriyan Gurusinghe who has been in the post for several years. Speculation was rife that Asha Phillip Securities CEO Dimuthu
By Cheranka Mendis Given the anticipated growth in tourism, the country is likely to see an 85% average occupancy rate and 35% revenue growth in Colombo city hotels in 2012. Colombo City Hotels Chairman M. Shanthikumar yesterday told the Daily FT that the occupancy level so far has recorded
By Cheranka Mendis Seylan Bank’s CEO and MD Kapila Ariyaratne recently joined Daily FT for a brief chat on the performance of the bank, future plans and market trends. The bank as at now holds 11% shares in advances and 10.6% in deposits within the private local commercial bank market
As continuously highlighted by the Daily FT and perhaps dumbfounding critics and locals, foreign craving for stocks in the Colombo Bourse is growing, with net inflow surpassing Rs. 28 billion yesterday with the addition of fresh buying worth Rs. 980 million. Non-nationals accounted for 28% of total
as exclusively reported by the Daily FT, ...
By Cheranka Mendis SriLankan Airlines, one of the only two Government entities that managed to secure Silver at the HRM Awards organised by the Association of Human Resource Professionals last month, joined Daily FT to share the best practices that led the company to win the award after a lapse
Nearly 50 stocks had gained by over 10% in the past month Three solid stocks gives over 23% year-to-date return against near 20% dip of the market If the general investing and savings public believes the Colombo Stock Exchange isn’t attractive, then nearly 50 stocks are likely to prove this incorrect, especially given their performance ...
By Nisthar Cassim Tilak Karunaratne yesterday resigned as the Chairman of the Securities and Exchange Commission (SEC), a move which he had pre-announced early this week and personally decided last weekend. “I am leaving the SEC as a sad but relieved man,” Karunaratne told the Daily FT
The key US$ 455 million Norochcholai power plant will be operational in another two weeks, the Power Minister said yesterday, after its fifth breakdown earlier in the week resulted in countrywide power cuts. The 300 mega watt Lakvijaya power plant is the first phase in a 900 mega watt coal power plant costing US$ 1.3 ...
By Chamitha Kuruppu The large gathering of an unknown wedding ceremony did not bother us at all. We had arrived early for the interview, so we could listen to them sing. And just like we expected the church was filled with their mesmerising voices. The choir and their breathtaking singing was no doubt the highlight ...