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The Sri Lanka Vehicle Importers Association completed a week-long tour to Myanmar and returned this week after setting up formal arrangements to open up a business venture with Myanmar. President Sampath Merenchige told the Daily FT that the tour was a success. During the visit they met Ministers
- Myanmar will be middle income nation if reforms stay on track – ADB study (Category: Business)
- Hailing Sammanthurai! (Category: Business)
- The Zimbabwe team arrived on…. (Category: Business)
- Seylan commemorates Vesak with Bakthi Gee (Category: Business)
With the rejection of the Cabinet decision proposed to resolve the problem of university academics, the issue seems to be dragging without a settlement. The lecturers’ main demands are a salary increase, increase in Government funding of the education system to 6% of GDP (Gross Domestic Product), end to political interference in education, and establishment ...
- Universities in crisis: Key learnings (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- English as medium of instruction at Law College (Category: Breaking News)
- Medical education at crossroads (Category: Breaking News)
The sale of global giant Aviva’s Sri Lankan operations to Asian giant AIA had been signed yesterday in Colombo whilst a formal announcement is expected today as reported by the Daily FT on Tuesday. AIA is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums
- CDIC buys 5% Aviva NDB Insurance stake from NDB (Category: Business)
- Aviva dips, NDB stocks’ rise persist (Category: Business)
- Aviva NDB Insurance, NDB Capital share prices soar on impending sale this week (Category: Business)
- AVIVA NDB Higher Education Scholarship is now higher! (Category: Business)
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
it to Daily FT’s article yesterday, which said ...
- CDIC buys 5% Aviva NDB Insurance stake from NDB (Category: Business)
- Managing Wealth (Category: Business)
- Aviva NDB Insurance, NDB Capital share prices soar on impending sale this week (Category: Business)
- Aviva-AIA deal signed, announcement today (Category: Business)
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)
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)
By Rashika Fazali Dubstep is a growing music genre. It’s best described by a well-known website, AllMusic as: “Tightly coiled productions with overwhelming bass lines and reverberant drum patterns, clipped samples, and occasional vocals.” If absorbing this piece of musical information was hard, try dancing to this music. You will be puzzled but for these ...
- Video: Sis සහ Bro ගහන අලුත් ගේම (Category: Video)
- Video: Sis සහ Bro ගහන අලුත් ගේම (Category: Video)
- Video: 2 Million Subscribers - Chanux Bro (Category: Technology)
- Journalist reveals romance with infamous ‘Pharma Bro’ Martin Shkreli (Category: USA, New York)
By Cheranka Mendis The Sri Lanka Tourism Development Authority (SLTDA) is offering 2717.243 acres of land and 415.7 acres of water body in six selected areas for eco-friendly beach, wildlife and waterfront developments. Located in Kalpitiya, Kuchc-haveli, Bentota, Pasikudah, Dedduwa and Yala, all land offered will be given on a long-term 99-year lease upon payment ...
- Divyaa Lagoon Resort first luxury boutique hotel to open in Kalpitiya (Category: Business)
- Sri Lankan government to lease out 10 more islands in Kalpitiya for tourism development (Category: Breaking News)
- Golden opportunity for tourism industry (Category: Breaking News)
The unprecedented drought over the past few months due to the long delay of the south-west monsoon affected the entire country, resulting in withered paddy-fields to farmers; chicken farmers forced to slaughter animals due to water scarcity, soaring vegetable prices for housewives, and power cuts for everyone. The effects of the drought, the victims and ...
- The drought, Mahaveli waters and the farmer (Category: Business)
- Paddy farmers’ problems (Category: Business)
- CEB: Making losses or deliberate blunders? (Category: Business)
- Reservoirs run dry with no rains, country heading for electricity crisis (Category: Breaking News)
Houses 400 stalls, 40 international publishers to a expected million peopleBy Cheranka Mendis For Sri Lanka there is no better time to read than now. With Colombo International Book Fair (CIBF) opening its doors yesterday for a nine day journey, it is the time of the year to battle your way through the masses gathered ...
- Sri Lanka’s Colombo International Book Fair kicks off with 400 stalls (Category: Breaking News)
- US job growth stalls, fuels recession fears (Category: Business)
- Momentum stalls on Obama nuclear agenda (Category: Business)
- UBS China fund management project stalls after Credit Suisse deal (Category: Breaking News)
Houses 400 stalls, 40 international publishers to a expected million people By Cheranka Mendis For Sri Lanka there is no better time to read than now. With Colombo International Book Fair (CIBF) opening its doors yesterday for a nine day journey, it is the time of the year to battle your way through the masses ...
- Momentum stalls on Obama nuclear agenda (Category: Business)
- UBS China fund management project stalls after Credit Suisse deal (Category: Breaking News)
- US job growth stalls, fuels recession fears (Category: Business)
In response to the news story titled ‘Sri Lanka flights to Rome and Milan’ published in the Daily FT yesterday, SriLankan Airlines clarified that it is yet to join the oneworld alliance. “SriLankan is expected to join the oneworld alliance
- Indian government ally DMK pulls out of parliamentary delegation to Sri Lanka (Category: Breaking News)
- UNP and DNA to join hands to release Fonseka in Sri Lanka (Category: Breaking News)
- Alliance working, says Premier (Category: Australia, Tasmania )
- Fresh Garb (Category: Business)
Sri Lanka proud hosts of popular and shorter form of most entertaining tournament played in Asia for the first time; 20-teams, 20-day cricket fiesta ICC World T20 kicks off tomorrow Mega boost for tourism as 500 players and officials alone to take up 9,000 room-nights; hundreds of overseas fans, global sponsor officials and media to ...
- ESPN STAR Sports bags multi-year broadcasting rights for Sri Lanka Premier League (Category: Business)
- ICC launches World Twenty 20 Sri Lanka 2012 (Category: Business)
- Sri Lanka to host World T20 2012 (Category: Sports)
- ICC announces WT20 warm-up schedule (Category: Business)
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 ...
- Leo Burnett Sri Lanka’s Subhash Pinnapola, first Sri Lankan on Spikes Jury (Category: Business)
- Entries at Spikes Asia reach all-time high (Category: Business)
- Leo Burnett wins only gold Appies award for Sri Lanka (Category: Business)
- Countdown to Spikes Asia starts (Category: Business)
Vandenberge yesterday told the Daily FT that ...
- Sri Lanka ranks high in 'medium' human development (Category: Breaking News)
- SLINTEC enters strategic technology development agreement with NFCL, India (Category: Business)
- From science to commercialisation (Category: Business)
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 ...
- President instructs electricity tariff revision safeguarding vulnerable communities (Category: Breaking News)
- No Electricity Tariff Hike (Category: Breaking News)
- Sri Lanka reverses electricity tariff reforms for religious places after protests (Category: Breaking News)
- Electricity tariff revision to be announced on June 30 – PUCSL (Category: Breaking News)
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 ...
- Biggest-ever Spikes Asia 2012 kicks off in Singapore (Category: Business)
- Leo Burnett Sri Lanka’s Subhash Pinnapola, first Sri Lankan on Spikes Jury (Category: Business)
- Countdown to Spikes Asia starts (Category: Business)
- Asia-Pacific submits 7,169 of all-time-high 34,301 Cannes 2012 entries (Category: Business)
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 ...
- Bourse turns red (Category: Business)
- Bourse ends week on the up (Category: Business)
- Stock market’s return dips below 1% again (Category: Business)
- Stock market rises (Category: Business)
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 ...
- Mongoose Adventures local sponsor for Lanka Challenge 2012 (Category: Business)
- Dream Weaver: an exhibition by Layla Gonaduwa (Category: Business)
- CSE reaches out with ‘Insight into Investing’ (Category: Business)
- Traversing the island in a tuk (Category: Business)
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 ...
- Ex-IGP Cyril Herath no more (Category: Business)
- Ex-Kenya coach Hesson to take over N.Zealand (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- Call Dialog for ex-Airtel Lanka CEO Amali (Category: Business)
Traders Association Chairman M.S. Rahim told the Daily FT that if ...
- No bounce at 2012’s first Colombo rubber auction (Category: Business)
- No takers for rubber! (Category: Business)
- FACTBOX:How Asia’s rubber producers intervene on prices (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
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 ...
- Safari savagery yet to be settled; stakeholder meeting in the offing (Category: Business)
- One size fits all (Category: Business)
- Safari savagery (Category: Business)
- Trailblazing Eco Team Marks 11th year of adventure tourism in Sri Lanka (Category: Business)
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 ...
- BASF and Finco promote sustainable construction solutions (Category: Business)
- Cinnamon Lakeside achieves longest running Green Globe certification record (Category: Business)
- Sri Lanka: The next success story Part II (Category: Business)
- KONE partners Lanka Elevator Engineering for Sri Lanka foray (Category: Business)
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 ...
- Construction of newest luxury apartment complex has begun (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- 110 Parliament Road landmark luxury apartment complex enters second phase (Category: Business)
- Investment phase of 110 Parliament Road Apartment Complex ends this month (Category: Business)
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 ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
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
- Ceasefire on safari savagery (Category: Business)
- Safari savagery (Category: Business)
- One size fits all (Category: Business)
- Going wild! (Category: Business)
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
- Sri Lanka SEC gets new chairman (Category: Breaking News)
- Nalaka’s first Commissioners’ meeting today (Category: Business)
- Chairman of Sri Lanka Tourism Promotion Authority resigns (Category: Breaking News)
- Nalaka Godahewa resigns as SLTDA chairman (Category: Breaking News)
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. ...
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
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