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With the Sri Lankan rupee made to float against the US$ and the Central Bank of Sri Lanka (CBSL) imposing restrictions on commercial banks on lending has caused much concern among the general public.
Who is a boss? A boss is a person who exercises control over other employees in a workplace environment. Over time, the term has come to have negative connotations (note words like bossy and mob boss), and many people who now lead others in the workplace prefer to be called supervisors, foreman or forepersons, leads, ...
Mr. Thilak Karunarathne Chairman, Securities Exchange Commission,Colombo. Dear Sir, Re: SEC inquiry connected with the stock exchange transaction where the National Savings Bank acquired shares of The Finance Company I wish to hail your expressed commitments to initiate with urgency a comprehensive inquiry connected with the stock exchange transaction where the National Savings Bank acquired ...
Despite persistent sound external sector stability and impetus for economic growth target of 7.2% for this year, there is a risk of the countryandrsquo;s own policy measures slipping due to the extremely volatile world economic conditions, the Central Bank Governor, Ajith Nivard Cabraal warned yesterday.
Even as prices of several essential items saw monumental increases last week, Central Bank Governor Ajith Nevaard Cabraal assures the country that inflation is at an all time low, foreign reserves are adequate and the Sri Lankan economy is sounder than ever.
Sri Lankaandrsquo;s banking watchdog- Central Bank said that global rating agency- Fitch had affirmed countryandrsquo;s stable outlook whilst Fitch opined that the government has to persist with reducing its budget gap and tighten monetary policy further if needed to ward off balance payments pressure. andnbsp;
Sri Lankaandrsquo;s banking watchdog - the Central Bank of Sri Lanka (CBSL) is confident that the countryandrsquo;s trade deficit would narrow to US$ 9.2 billion in 2012
Says true relationship between parents and child is key to develop a citizen with confidenceText and pix by Harsha Udayakantha Peiris “The true relationship between parents and children in our society should be exposed and expressed under realistic cultural standards in order to develop a citizen with confidence who could productively shoulder the development of ...
The highest oversubscription ever seen for a Sri Lankan international bond in April and KPMG’s latest positive Change Readiness Index ranking for Sri Lanka show the growing international investor confidence in the country, which prefers patient investments to hot money. “Sri Lanka has entered a new era of development thanks to the visionary leadership of ...
The need for an integrated program on a war footingIn 2008, eight prizewinning economists were asked to list the type of projects which would do the most good for the most number of poor people, if they had an imaginary $ 75 million to spend. Half of their proposed projects involved nutrition. There has been ...
VESAK is the festival of light. Yet this year it seems that the lights will have to be dimmed to reflect the reduced lustre of the country’s economy. As the Power and Energy Ministry organisers raffle draws for people who save electricity during the upcoming religious season there are many other efforts happening behind the ...
What is the combination of heart and mind? This combination creates the ability to identify, use, understand, and manage your emotions in positive and constructive ways. It’s about recognising your own emotional state and the emotional states of others. Recognising and understanding comes from the mind whilst emotions/feelings come from the heart. This combination is ...
HNB Pathum Vimana, the biggest deposit draw in Sri Lanka, has rewarded countless Sri Lankans with amazing prizes over the last twenty years. The lucky winners of the Pathum Vimana 2011 draw received their prizes at a ceremony organized by Hatton National Bank. The prize presentation for the winners was held at HNB Towers on ...
The Colombo stock market yesterday produced a late rally following the removal of the 10% price band by the Securities and Exchange Commission (SEC). The market’s value swelled by Rs. 41 billion whilst main All Share Index gained by 2% or 111 points as sentiments of investors and brokers got a boost following the regulatory ...
Vanguard Management Services Ltd., which produces Lanka Business Report (LBR) and Lanka Business Online (LBO), together with HSBC has launched an online resource centre that allows readers to engage with prominent business leaders. The LBR LBO CEO online portal enables readers to reach over 50 senior corporate executives, academics and researchers who will serve as ...
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
By Cheranka Mendis Even if the status of the world economy seems to have found a rather fragile equilibrium with Europe over the past six weeks, the world is no closer to being immune from the risks that have cropped up as a result of the European and USA led recession and changes in world ...
The combination of heart and mind creates the ability to identify, use, understand and manage your emotions in positive and constructive ways. It’s about recognising your own emotional state and the emotional states of others. Recognising and understanding comes from the mind whilst emotions/feelings come from the heart. This combination is what we call ‘Emotional ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
Intelo Networks (Pvt) Ltd., has developed the first ever digital Tourist Information Kiosks (TIKs) launched recently by the Sri Lanka Tourism Promotion Bureau under the aegis of Ministry of Economic Development. To identify the locations of the Tourist Information Kiosks, Intelo has planned to up TIK directional signs at the discretion of the state regulations ...
The Saudi Kingdom has offered financial aid worth SR 225 million (approximately Rs. 7.6 billion) for the upgrading of road networks in Sri Lanka. The draft agreement for the financial assistance was finalized in Riyadh on Monday during a meeting between the Vice Chairman of the Saudi Fund For Development (SFD) Yusuf Al-Bassam and Dr. ...
Capital Alliance, a full-service investment bank will be hosting one of Asia’s foremost Investor Relations experts, Jonathan Zax, in Colombo this week. Zax’s investor relations efforts have been frequently recognised by the international financial community through top rankings in polls by Asiamoney, Finance Asia, Lafferty Group and Investor Relations Magazine. Last year, he received a...
Having successfully defeated terrorism, ended years of civil war, ushered an era of peace and prosperity to the country, initiated resoundingly successful development initiatives in the north and the east, the Government of Sri Lanka needs to be applauded for consolidating a unified national identity; an identity that only occasionally reared its head at cricket ...
As the world decides vote on Sri Lanka on the methods used on the eradication of terrorism in the country, my mind goes back to the December 2008 when three of us were organising the staging of the first Industrial Exhibition in Jaffna so that the north gets connected to south on an economic front. ...
Sri Lanka will be hoping it is a case of third time lucky when they face Australia in Friday’s final Commonwealth Bank Series group game in Melbourne. Tuesday’s shocking defeat to India means Sri Lanka have to beat Australia for the third time in the competition to guarantee themselves a place in the finals against ...
“Account management is the process of maximising the return on your investment in a customer by defining and actioning appropriate plans that will enable you to build on the present, to manage the future” An account manager is a person in a business who is responsible for the management of the sales and relationship with ...
NEW DELHI, INDIA: The Asia-Pacific region has made great strides in reducing poverty and is moving fast towards other development goals, but levels of hunger and child and maternal mortality are still high, according to a United Nations and Asian Development Bank (ADB) report released here yesterday. The Asia-Pacific region has already reached the Millennium ...
Reuters: Iran, facing sanctions that could cripple its oil exports, has told world powers it wants to resume long-stalled talks with “new initiatives”, and France said it might be open to addressing suspicions about its nuclear programme. Tehran made the offer in a letter to the EU’s foreign policy chief obtained by Reuters on Thursday, ...
(Bloomberg): Sri Lanka doesn’t need to further tighten monetary policy for now even though an increase in fuel and transportation costs and a weakening currency may stoke inflation, the head of the central bank said. The central bank’s rate increase earlier this month will have a “demand-driven impact” and help moderate inflation, its Governor Ajith ...
Sri Lanka’s benchmark stock index, the world’s worst performer this year, may extend its slump as the central bank raises interest rates to curb inflation, according to HSBC Holdings Plc’s private banking unit. HSBC Private Bank, which oversees about $499 billion, will wait for stock valuations to fall to “single digit” multiples before it considers ...