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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 ...
- Economic management and the way forward (Category: Business)
- Govt. to consider tightening laws on white collar crimes (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- Wijetilleke backs calls for tough action on NSB-TFC deal (Category: Business)
TradeArabia News Service: The number of Middle East professionals reporting confidence in their businesses has grown from 26 per cent in late 2011 to 32 per cent in the first quarter of 2012, a global survey said. Saudi Arabia and the UAE displayed a high level of business confidence, with 42 per cent and 38.5 ...
- Asian consumers less confident, but still spending: Nielsen (Category: Business)
- Globally shoppers still cautious – Nielsen (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
As a habit I unwind in the night by watching NDTV mainly due to the powerful ideas that it tells the world; especially the programmes like ‘The Buck Stops Here’ and ‘We The People’ are cutting edge, in my view. Last week there was a breaking news update that cricketing legend Sachin Tendulkar was accepting ...
- Sachin Tendulkar sworn in as MP (Category: Business)
- Cricket-ICC chief happy with 50-over format (Category: Business)
- Case filed against Sachin’s political play (Category: Business)
- Lanka tour will help prepare for World T20: Dhoni (Category: Business)
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.
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 ...
- Anchor recognises young achievers across the island (Category: Business)
- Mothers are still awaiting LTTE recruited children: Economist (Category: Business)
- Have a heart, grant a wish (Category: Business)
- The benefits of playtime in cultivating children’s talent (Category: Business)
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 ...
- Rishad to promote Lanka at Dubai AIM power forum (Category: Business)
- Indian interest - Sri Lanka readying for dedicated trade talks in March (Category: Business)
- UAE-Sri Lanka trade tops $ 1 b mark in 2011 (Category: Business)
- Robust exports to get boost via Expo 2012 (Category: Business)
Education had always being in the news in Sri Lanka – for good or bad! The city walls, billboards and others always inform us on the best of classes to be had from internationally-renowned lecturers. Newspapers are full of advertorials explaining in detail why this course is better and world class even though at times ...
- US Northeastern University to help unlock success in engineering (Category: Business)
- Education Ministry partners Microsoft to launch DreamSpark (Category: Business)
- Intel celebrates five years of supporting education in Sri Lanka (Category: Business)
- Free education and parents’ aspirations (Category: Business)
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
- Plane explodes near school (Category: South Australia)
- Hayleys Consumer’s ‘Light-Styles’ glow at architectural lighting showroom (Category: Business)
- No electricity tariff hike this year (Category: Business)
Less than a year after starting up on its own, the company prepares to replicate its Indian success in Sri LankaJubilant FoodWorks, the master franchisee of Dominos Pizza for South Asia, last year set up its own subsidiary company in Sri Lanka, moving away from the franchisee partnership which held the fort for the Group ...
- Domino’s Pizza, opens in Colombo (Category: Business)
- India’s Jubilant Foodworks to expand overseas (Category: Business)
- Aviraté dresses up for aggressive expansion (Category: Business)
- Lenovo experiencing ‘tremendous growth’ in SL under ‘Smarter Tech for All’ vision (Category: Breaking News)
athandz, Sri Lanka’s pioneering internet based research organisation unveiled plans for expansion within the local market under its new ownership. Launched under parent company Infoserve, athandz is dedicated towards internet based market research for consumers. It was brought under the group of the nation’s leading information and communication technology solutions provider, PC House ...
- Latest antivirus software to beat new breed of viruses (Category: Business)
- Etisalat’s ‘Really Really Fast Internet Campaign’ wins a Silver Effie (Category: Business)
- SAP to buy Ariba, boosts cloud bet (Category: Business)
- Investor Eye launches investment research service (Category: Business)
Last Sunday when the unknown Ajinkya Rahane scored 103 runs off just 60 balls at the M. Chinnaswamy Stadium in Bangalore, which helped the Rajasthan Royals to score a massive 195 runs at IPL season five, my mind went to just one ethos the IPL is all about – highlighting performance. It is how IPL ...
- Developing cutting-edge brand strategies (Category: Business)
- The ‘real’ problem with brand Sri Lanka (Category: Business)
- HR and London Olympics (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
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 ...
- CIMA Management Accountants Conference 2012 today (Category: Business)
- Roundtable on finance and accounting outsourcing on 2 August (Category: Business)
- ‘Readiness to Succeed by Breaking Barriers’ roundtable tomorrow (Category: Business)
- CIMA Case Study Awards 2011 tonight (Category: Business)
On 30 March, Cunard Line’s latest luxury cruise vessel MV Queen Elizabeth made her inaugural call to Colombo, marking the third inaugural vessel call to Colombo made by the cruise liners operated by the parent company Carnival UK within the first quarter of 2012. The vessel left Southampton on 10 January this year and is ...
- T20 Cricket Carnival at Hilton Colombo (Category: Business)
- DeBug wins at FITIS ICT industry cricket carnival (Category: Business)
- Emirates contributes to Sri Lanka’s Carnival of Cricket (Category: Business)
- Sri Lanka welcomes luxury cruise Queen Elizabeth with 2000 tourists (Category: Business)
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 ...
- S&P says Asia will pull through hard times (Category: Business)
- Emerging Asia’s 2012 growth cut to 6.8% from 7.4% (Category: Business)
- Lion leads frontier markets (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
Unity is strength: Let us unite as a nation and a group of likeminded nations in the world Sri Lanka is a senior member Sri Lanka is a senior member of the world family, maintaining high standards of human rights on international standards, which is not an alien system to us. Our culture is based ...
- UN panel an unwarranted unnecessary interference on sovereignty - Sri Lanka (Category: Breaking News)
- Banking industry joins Lankan chorus against UNHRC moves (Category: Business)
- Transparency and equality in human rights arena (Category: Business)
- Equality for all sovereign nations (Category: Business)
A spectacular laser show and water dance taking place Friday and Saturday this week will mark the launch of a major campaign to improve water management. Backed by the International Water Management Institute (IWMI), headquartered in Pelawatte, the campaign, RipplesOnWater.org, will raise awareness about water issues, initially in Sri Lanka and will then spread globally ...
- Lankan-based IWMI wins ‘world’s most prestigious prize’ for water (Category: Business)
- Sri Lanka based institute wins world’s “most prestigious” award for water research (Category: Business)
- Sri Lanka’s first ever Young Water Professionals Symposium in November (Category: Business)
- Sri Lanka water institute wins prestigious international prize (Category: Breaking News)
My column today is an attempt to focus our attention on a few less spoken or untold developments that may have a profound influence on how we carve our way through in creating a desirable social, economic and political future for mankind on this only planet of ours. While I will not specifically touch on ...
- Development-led globalisation (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
- UNCTAD should address challenges faced by developing world (Category: Business)
- Global trends in investment (Category: Business)
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 ...
- UNHRC inspection team to visit Sri Lanka next week (Category: Business)
- Double-edged reconciliation (Category: Business)
- Political dialogue must be accompanied by concrete changes on the ground (Category: Breaking News)
- International Crisis Group statement on LLRC report (Category: Business)
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. ...
- What’s next for Brand Sri Lanka? (Category: Business)
- Building ‘Brand Sri Lanka’: Expo 2012 (Category: Business)
The announcement of last week of an intention by way of an MOU to start up a titanium dioxide enterprise between Laugfs Holdings Ltd and SLINTEC (Sri Lanka Institute of Nanotechnology) should be seen as a major event in the calendar though many may not realise the importance. It never made into a headline. Yes, ...
- Nanotech Institute, Laugfs to set up first-ever plant to produce titanium oxide (Category: Business)
- SLINTEC enters strategic technology development agreement with NFCL, India (Category: Business)
- Five year S&T Plan (Category: Breaking News)
- Sri Lanka's Mineral Sands Company records highest ever sale of ilmenite (Category: Breaking News)
By Cheranka Mendis With a membership of 107 top entrepreneurs of the country – among which close to 200 leading organisations is managed providing employment close to 250,000 people – the Chamber of Young Lankan Entrepreneurs (COYLE) is a unique and highly valuable organisation to the country. Taking the mantle of the Chamber from K.H. ...
- COYLE visits Hambantota; says a land of opportunity for PPPs (Category: Business)
- Idac Chief Rohitha Silva new Chairman of COYLE (Category: Business)
- COYLE to unveil leadership facets: ‘The Untold Truths of Sri Lankan Entrepreneurs’ (Category: Business)
- Fly the Sri Lanka flag urges COYLE (Category: Business)
Over the weekend I met up with a cross section of business people, which gave me view of the current climate that exists in corporate world of Sri Lanka. One said that their production plant was closed last week as the cost of production was higher than the selling price given the devaluation of the ...
- Do people prefer coffee over tea? (Category: Business)
- Ceylon Tea in catch-22? (Category: Business)
- New tea industry model: By default? (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
Clouded prospects in developed markets cast a shadow over outlook for trade and economyBy Jonathan Story Two key forces that have driven Asia’s transformation for decades can be counted on to continue apace in the coming year: economic development and China’s rise. Nonetheless, individual Asian countries will struggle to balance domestic and international responsibilities in ...
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
- Bouyant StanChart eyes 10th record year, new hires (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
One of Sri Lanka’s top thought leaders and respected corporate personalities Rohantha Athukorala addressing the Lions Club of Colombo Orient commented that whilst accepting the fact that the economy was into some rough times he went on to say that the first wave of post war success
- Sri Lanka-Iran bilateral relations enhanced (Category: Breaking News)
- Sri Lanka to issue long-term residence visa for foreign investors (Category: Breaking News)
- Sri Lanka announces new fuel limits for vehicles (Category: Breaking News)
- Business Today TOP TWENTY (Category: Breaking News)
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 ...
- Stocks approach one-month low; rupee steady (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Sri Lanka Stocks May Slump More on Rates, HSBC Private Says (Category: Breaking News)
- CB seen holding rates, SRR steady – Reuters poll (Category: Business)
Indeed with some Spanish and Ptolemy’s nomenclature, it is our sincere wish ‘long live Sri Lanka’ on passing its 64th year of independence from the British. Our period of independence is not greater than the period we were under, but that is not something we should use as an excuse for slow progress since independence. ...
- ‘Power Sri Lanka 2012’ (Category: Business)
- Making Sri Lanka a ‘democratic hub’ for ‘Wonder of Asia’ (Category: Business)
- World’s largest gathering for spirit of entrepreneurship begins today in Liverpool (Category: Business)
- ‘Marketing Roks Challenge’ (Category: Business)
Ambassador updates foreign reporters on post-conflict development and reconciliation in Sri Lanka “Sri Lankans support a home grown solution for reconciliation” Ambassador invites international correspondents to visit Sri Lanka WASHINGTON: Ambassador Jaliya Wickramasuriya hosted a group of foreign correspondents here in a January 25 reception held at his residence, prompting a discussi...
- Effective LLRC implementation sans external pressure (Category: Business)
- Sri Lanka’s ‘Lies Agreed Upon’ screened in US Congress (Category: Business)
- Sri Lanka will hold accountable every person accused of war crimes – Jaliya (Category: Business)
One of my friends who visited from Australia had a problem with a branded computer he had bought from a renowned place in Colombo. Even though the company claimed the instalment basis with interest free as their special New Year bonanza, there was a different calculation altogether. Finally he had to pay more than the ...
- World Consumer Day: ‘Our Money Our Rights’ (Category: Business)
- SLIM-Nielsen Peoples Awards to be held for the seventh year (Category: Business)
- Arpico Supercentre launches new consumer promotional campaign (Category: Business)
- Winners from Coke promotion get all-expense paid trip in Switzerland (Category: Business)
When I was preparing for the few thoughts that I wanted to share at the launch of the FAO-IGG Global Forum on Tea, I realised how divergent the ground reality was based on the template that we have set for tea globally. Whilst intellectually it may be stimulating, at the end of the day the ...
- Hub is no hoodoo, says TEA (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
Brazil president wants 4 pct GDP growth, above forecasts Officials say they will pursue goal responsibly Concerns over inflation, budget targets BRASILIA (Reuters): Brazilian President Dilma Rousseff has made 4 percent economic growth her government’s main mission this year and is willing to cut taxes, take stimulus measures and possibly sacrifice other targets if needed, ...
- Brazil’s secret fiscal weapon, the tax “lion” (Category: Business)
- Brazil economy disappoints again in Q1 (Category: Business)
- Brazil FinMin: Govt. ready to protect economy (Category: Business)
- Brazil likely missed 2011 inflation targets (Category: Business)
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