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Depending on the success of OTTC, Fonda Global will invest in projects over US$ 3 million, Fonda Global Engineering Director James Siow said. “We are testing the waters with this one,” he said. If the venture is successful, more Singapore businesses will also look at Sri Lanka to invest. “There are over 100 Singapore businesses ...
By Cheranka Mendis Leading engineering and construction company from Singapore Fonda Global Engineering Lanka (Pvt) Ltd. yesterday agreed to invest US$ 1.5-3 million in a training and testing centre for construction skill workers in Katunayake as per the guidelines of the Singapore Government. The centre will be known as the Overseas Testing and Training Centre ...
- ICTAD to be made Construction Industry Development Authority (Category: Business)
- New youth centre repalces 'hellhole' (Category: South Australia)
- Engineering prowess showcased by Access at ICTAD Awards (Category: Business)
- Singapore’s Fonda Mulls Rs 6.5B Training Facility (Category: Business)
Japan Association of Travel Agents, known as JATA, held their Annual Travel Show in Tokyo. The JATA is by far, the largest association of travel agents in Japan. About 12 travel agents and companies from Sri Lanka participated at the JATA. Ambassador Admiral Karannagoda and Chairman Nishantha Wickramasinghe along with the Deputy Minister of Disaster ...
- JATA President and Executive Committee on a familiarization tour (Category: Breaking News)
- Visit by JATA Chief and team big boost for tourism (Category: Business)
- Lankan Ministers discuss tourism promotion with Japan (Category: Breaking News)
- Sri Lanka Tourism welcomes JATA President (Category: Business)
World Tourism Day is celebrated worldwide on 27 day of September each year. This year will mark the 33rd Anniversary of the UNWTO World Tourism Day and UNWTO has declared ‘Tourism and Sustainable Energy: Powering Sustainable Development’ as this year’s theme. The Ministry of Economic Development along with Sri Lanka Tourism Development Authority organised ...
- Cinnamon Grand promotes energy efficiency and sustainable development, all year long (Category: Business)
- Srilal speaks on Sri Lanka and sustainable tourism in London (Category: Business)
- Wayamba Development Authority seminar on sustainable energy for hoteliers (Category: Business)
Sri Lanka participated at the annual IFTM Top Resa (International French Travel Market) that was held in Paris from 18 September to 21 September. Flagship fair for the tourism sector, IFTM Top Resa brings every year thousands of travel agents from across the world that come to present their products and services to the industry’s ...
- Sri Lanka at Annual Paris Travel Trade Fair - TOP RESA 2011 (Category: Breaking News)
- Sri Lanka at annual Paris travel trade fair TOP RESA 2011 (Category: Business)
- Education Showcase (Category: Business)
- Credit Line (Category: Business)
A two-day training program for hiring vehicle drivers catering to the tourism industry commenced on Monday in Arugambay. The two-day program conducted by Sri Lanka Tourism Development Authority will provide vital information and training to hiring vehicle drivers catering to the Tourism Industry in the area. Over 50 hiring vehicle drivers who are taking part ...
- Tech grad says thanks by giving rig to school (Category: USA, South Carolina)
- The Tuk Tuk Project! A taxi service through the community at Jetwing Era Beach (Category: Business)
- SriLankan Airlines’ IAA completes first training program for TAASL member agents (Category: Business)
CHILD abuse hits headlines with sickening frequency in Sri Lanka, but new data suggests that victims have to wait as much as six years, often enduing mind-numbing stigma and distress, before they are given justice. IRIN reported over the weekend that Sri Lanka is taking as long as six years to prosecute criminals who abuse ...
- National project launched for expeditious processing of child abuse cases (Category: Business)
- Sri Lanka records highest number of child abuse cases last year (Category: Breaking News)
- Child Abuses: Why “Prevention Is Better Than Cure” Is The Smartest Option? (Category: Breaking News)
What is planning? Planning (also called forethought) is the process of thinking about and organising the activities required to achieve a desired goal. Planning involves the creation and maintenance of a plan. As such, planning is a fundamental property of intelligent behavior. This thought process is essential to the creation and refinement of a plan, ...
- Organisational sustainability (Category: Business)
- Business-to-business selling (Category: Business)
- Driving for ‘value’ (Category: Business)
- Directing performance management (Category: Business)
Browns Group has grown from strength to strength recording a 19% growth in revenue to Rs. 14.4 billion while profitability was also up by 6% for the year ended April 2012. Group Managing Director and CEO Murali Prakash stated, “The best performing sectors were agriculture, general trading, consumer, retail, plantation support services and power systems, ...
- Saldin new CEO of Browns Investments (Category: Business)
- ERP project ‘kick off’ for Browns (Category: Business)
- Swisstek Aluminium ISO 9001 certified (Category: Business)
Leading textile companies from Taiwan will be exhibiting a wide range of quality design and high performance textile and garment products in Colombo at the Taj Samudra, Upper Crystal Room, on 30 and 31 October 2012. After a decade long success story of textile fairs in India, Taiwan Textile Fair now expands into Sri Lanka. ...
- State Enterprise (Category: Business)
- Mill Matters (Category: Business)
- Textile Issue (Category: Business)
- Torn Fabric (Category: Business)
By Cassandra Mascarenhas Moving beyond financials and laying a heavy emphasis on the human dimensions of doing business in the world today, the CIMA Management Accountants’ Conference 2012 was aptly themed ‘Reboot your business beyond financials,’ highlighting that such aspects will be key to getting things moving again and sustaining success in the long run. ...
- More Lankan CEOs queuing for India (Category: Business)
- Who’s who in global ranking of India’s best CEOs? (Category: Business)
- Global CEOs say prospects gloomy for world economy (Category: Business)
- Confidence falls as CEOs prepare for more shocks (Category: Business)
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
Fitch Ratings has assigned the Ceylon Income Fund an ‘A-(lka)’ National Fund Credit Rating. This is the first fund rating assigned by an international rating agency in Sri Lanka. The fund primarily invests in corporate debt instruments and is managed by Ceylon Asset Management (CAM). The ‘A-(lka)’ National Fund Credit Rating is driven by the ...
- Fitch assigns Ceylon Income Fund an ‘A-(lka)’ rating (Category: Breaking News)
- Singer (Sri Lanka) raised to AA (LKA) in the revised Fitch Ratings (Category: Breaking News)
- Fitch Ratings downgrades ratings of seven Sri Lankan insurers (Category: Breaking News)
- Fitch affirms Central Finance; Rates CP ‘F1’ (Category: Business)
RAM Ratings Lanka has reaffirmed Softlogic Finance PLC’s respective long- and short-term financial institution ratings of BBB-/P3. Concurrently, the long-term BBB- rating of the company’s proposed Rs. 500 million Redeemable Senior Debentures (2012/2014) has been reaffirmed. A short-term issue rating of P3 has also been assigned to SLF’s proposed Rs. 200 million Unsecured Commerci...
- RAM assigns ratings of BBB-/P3 to Softlogic Finance (Category: Business)
- RAM reaffirms Alliance Finance Company PLC’s ratings at BBB/P2 (Category: Business)
- Softlogic Finance rated by RAM (Category: Breaking News)
Singer Finance, one of Sri Lanka’s most trusted finance companies, recently appointed two of the country’s most respected business personalities to its Board of Directors. The addition of Marina Tharmaratnam and J. A. Setukavalar as independent directors to the Company’s Board was the latest reminder of the Company’s unstinting commitment to the highest standards of ...
- Singer Asia – Retail Holdings Board of Directors meet in Colombo (Category: Business)
- Dilip de S. Wijeyeratne appointed to Janashakthi Life Board (Category: Breaking News)
- Two new Directors on People’s Merchant Finance Board (Category: Business)
- Second Listing (Category: Business)
HNB Assurance introduced the latest edition of their motor insurance policy “motorGuard Xtra”, on 24 September by conducting an outdoor public awareness campaign in Colombo. People were holding placards on the road with statements such as ‘Claims Without Cutting and Chopping’, ‘No Claim BONUS for your Second Vehicle’ ‘A Free Life Insurance Cover with your ...
- HNB Assurance launches ‘myhome’ and ‘myhealth’ (Category: Business)
- HNB Assurance ties up with Anything.lk (Category: Business)
- HNB Assurance holds 10th Anniversary Sales Conference (Category: Business)
Weather and ground conditions hog attention ahead of ICC Women’s World Twenty20 kick-off today Even as the men’s competition is nearing the Super Eights stage, eight teams are preparing to battle it out in the third edition of the ICC Women’s World Twenty20 in Galle, starting from Wednesday (September 26). Sri Lanka and South ...
- The pressure is on Sri Lanka, says du Preez (Category: Business)
- Invitation side will test Sri Lanka: Barnes (Category: Business)
- Rain a greater threat to SA than Sri Lanka (Category: Business)
A look at the history of cricket’s support for UNAIDS and UNICEF over the past decade The sight of leading cricketers wearing red ribbons on their shirts at ICC events has become a familiar one in recent years, but have you ever wondered why the players do this? South Asia, Africa and Caribbean, three geographical ...
- Standard Chartered calls for individual action on World AIDS Day (Category: Business)
- Lankan corporates unite to pass pillow of awareness on World Aids Day (Category: Business)
- World AIDS Day commemorated (Category: Breaking News)
- The Challenge (Category: Business)
South Africa women’s captain Mignon du Preez is hoping the expectation of being tournament hosts will weigh down Sri Lanka in Wednesday’s ICC Women’s World Twenty20 opener in Galle. Rain has affected practice for all the eight teams during the build-up to the women’s event but fingers are crossed for better weather when the games ...
- Uthura scores first win as Chamara gem downs Basnahira (Category: Business)
- South Africa women kick off T20 World Cup with easy win (Category: Breaking News)
- Cricket-South Africa women kick off T20 World Cup with easy win (Category: Breaking News)
- Sri Lanka takes on South Africa in Women’s opener (Category: Business)
Reuters: Sri Lanka hope spinner Ajantha Mendis can be fit for the opening World Twenty20 Super Eight match with New Zealand on Thursday after he returned to the nets following a side strain. He suffered the injury during the hosts’ opening win against Zimbabwe last week and was left out of the rain-curtailed group defeat ...
The Taj Samudra team surprised Chris Gayle with cake, candles and flowers on his birthday last week. The world renowned West Indies cricketer is currently in Sri Lanka for the T20 Cricket World cup Encounter. A pleasantly surprised Gayle was quick to update his blog about the birthday treat arranged for him by the staff ...
The total active credit cards within Sri Lanka increased by 55,864 between December 2011 and July of this year, according to provisional figures from the Central Bank of Sri Lanka.
Reuters: Sri Lanka will cut spending from the 2012 budget to keep the fiscal deficit to a targeted 6.2%, the treasury secretary said on Monday, adding that growth may fall as low as 6.5%this year because of a drought and the global slowdown. By April this year, Sri Lanka’s budget deficit was 285.8 billion rupees ...
- State Brakes (Category: Business)
- Cabraal says change a reflection of success (Category: Business)
- UBS issues warning on Lankan economy (Category: Business)
- IMF and CB see eye to eye (Category: Business)
Investors reacted positively to Cargills (Ceylon) Plc’s last week’s announcement of its tie-up with world famous restaurant chain TGI Friday’s, with the former’s share price gaining by 2% or Rs. 2.90 to Rs. 158.90 after hitting an intra-day high of Rs. 159. The counter saw 8.501 shares traded between a high of Rs. 159 and ...
- Cargills posts commendable performance in 1Q (Category: Business)
- This is what the KFC of the future will look like (Category: USA, Maryland)
- This is what the KFC of the future will look like (Category: USA, Nebraska)
- This is what the KFC of the future will look like (Category: USA, New Hampshire)
The share price of Aviva NDB Insurance Plc yesterday soared to a record high as investors took speculative positions on the impending sale of its control. The company’s stock price hit an all time high of Rs. 448.90 during the day before settling down at Rs. 436.60, up by a whopping Rs. 67 or 18% ...
- Aviva-AIA deal signed, announcement today (Category: Business)
- CDIC buys 5% Aviva NDB Insurance stake from NDB (Category: Business)
- Aviva dips, NDB stocks’ rise persist (Category: Business)
- Asian Alliance market cap triples in a month to Rs. 14.3 b (Category: Business)
SEC Chairman Dr. Nalaka Godahewa yesterday clarified that his only investments in listed companies were Colombo Land (1%) and George Steuart Finance (5%)and he would not be trading in either whilst in office. “As part of best practices, I have taken a personal decision not to trade in shares during the time I hold office ...
- Chairman Godahewa buys more into Colombo Land (Category: Business)
- Harsha decries stench emanating from SEC (Category: Business)
- Bourse ends week on 5-month high (Category: Business)
- Nalaka Godahewa two others acquitted in misappropriation case (Category: Breaking News)
Till recently, the only times you heard the names Oddusuddan, Kilinochchi, Jaffna or Vavuniya was in bleak dispatches about skirmishes that took place in the North and East of Sri Lanka, with the regions bearing the brunt of a three-decade long civil war. With peace returning to the region, cricket has not been far behind, ...
- Basnahira Cricket Dundee launches official team jersey (Category: Business)
- ICC launches World Twenty 20 Sri Lanka 2012 (Category: Business)
- Weary Brett Lee quits international cricket (Category: Business)
New chief ministers for Sri Lanka’s North Central and Sabaragamuwa provinces were sworn-in before President Mahinda Rajapaksa yesterday. Maheepala Herath as Chief Minister for Sabaragamuwa Province and S.M. Ranjith as Chief Minister for North Central Province took oaths from the President. Both chief ministers have secured the highest number of preferential votes at the provincial ...
- Ranjith, Herath takes oaths as new CMs (Category: Breaking News)
- New chief ministers sworn in for North Central and Sabaragamuwa provinces of Sri Lanka (Category: Breaking News)
- Chief Ministers pledge to strengthen Government (Category: Breaking News)
- Washington school a finalist for Obama to speak at commencement (Category: USA, Washington)
Reuters: Sri Lankan stocks edged up Monday as investors picked up telecommunication and banking shares, while retail investors made speculative plays, dealers said. The Colombo Stock Exchange’s main index, or all share price index (ASPI), ended 0.1%, or 5.83 points, firmer at 5,915.90. The index had risen 19% in 15 sessions through to Sept. 17 ...
- Easier Food (Category: Business)
- MOVERS AND SHAKERS (Category: Australia, Tasmania )
- Are you average? (Category: Australia, Queensland)
- Middle Range (Category: Business)
Expolanka Holdings PLC’s subsidiaries Expolanka (Pvt.) Limited, Expolanka Freight (EFL) and Hello Corp (Pvt.) Ltd walked away with top honours with two Gold, one Silver and a Merit Award at the National Chamber of Exporters Awards Ceremony for the Year 2011, held in Colombo. Expolanka Limited, the pioneer exporter of Sri Lanka’s fresh fruits and ...
- Expolanka Group Bags Four Awards (Category: Business)
- Plenty Foods rewarded for upgrading the nutritional status of Sri Lanka (Category: Breaking News)
- Expolanka Freight rebrands global identity as EFL (Category: Business)
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