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This is a day quite dear to some 300 million plus people in United States of America. Irrespective of their land of origin, the day is celebrated as the day of independence commemorating the adoption of the Declaration of Independence and the Founding Fathers remembered. The fourth of July this year is also important for ...
- To be or not to give: The GDP dilemma (Category: Business)
- Reform of university education (Category: Business)
- Universities in crisis: Key learnings (Category: Business)
With the opening dates of terminals in the Colombo South Harbour Project in Sri Lanka and Deep Water Container Port in Pakistan now set as 2013 and 2014 respectively, port development in the South Asian region is about to enter another era. When completed, the new deep sea ports in Karachi and Colombo will have ...
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Strengthening ties between ports (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
Renews call for Select Committee to probe shady deals; wants EPF investments in stocks halted Blasts President-Bourse forum Says CSE Board must be dissolved Akin to firing all cylinders, Opposition Leader Ranil Wickremesinghe has blasted President Mahinda Rajapaksa’s forum with capital market stakeholders and renewed the call for the appointment of a Parliamentary Select Committee ...
- US probe into Chinese client deals fresh challenge to Deloitte (Category: Business)
British HC commends Sri Lanka for progress made over the years By Cheranka Mendis Ceylon Chamber of Commerce Chairman Susantha Ratnayake yesterday called for a new wave of reforms if the country were to come out of current shocks quickly with the least amount of pain. In his address at the chamber’s 173rd Annual General Meeting, ...
- Finagle introduces Frozen Ready-To-Bake range of bakery products (Category: Business)
- Economic Summit kicks off with wakeup call for Sri Lanka (Category: Business)
- US keen to increase trade with Sri Lanka (Category: Business)
- “Sri Lanka has great potential to attract Japanese investors” – Japanese Ambassador (Category: Business)
The 2012 CIMA Global Business Challenge, held in Sri Lanka for the first time, kicked off earlier this week with the 22 teams of four from all across the world battling it out to come out on top. Being held for the fourth year, the Business Challenge attracted 12,000 participants initially. In Colombo to witness ...
- Unilever Sri Lanka partners 2012 CIMA Global Challenge (Category: Business)
- Sri Lanka prepares to host 2012 CIMA Global Business Challenge (Category: Business)
- UK team wins CIMA Global Challenge (Category: Business)
- Popularising international trade and commerce through mind sports competitions (Category: Business)
Many large-cap shares generally reach the maturity stage since the turnover and profits of large companies are already high in the context of that particular market. On the other hand, mid-cap shares are considered an attractive investment avenue because their growth rate will be comparably higher. Mid cap companies are generally in the growth momentum ...
- MBSL MidCap Index composition revised (Category: Breaking News)
- MBSL expands investment management services on a regional level (Category: Business)
- Run on penny stocks impacting portfolios (Category: Business)
- Investors eagerly awaiting $ 100 billion Facebook IPO (Category: Business)
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
Sinhaputhra Finance, one of the oldest Central Bank-registered finance companies to direct operations and headquartered outside Colombo, posted a profit of Rs. 73 million before tax. Director Finance Nandana Abeykoon disclosed that the company then made provision for a large deferred tax liability to post a healthy profit of Rs. 54 million. The Board of Directors recommended a ...
- Sinhaputhra eye donation drive (Category: Business)
- Finance Listing (Category: Business)
- Sinhaputhra Finance expands SMS cash (Category: Business)
- Finance Move (Category: Business)
has opened up many opportunities for the Sri Lankan economy. Have ...
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion
- Why Lion leads frontier (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Value investors enter as speculators exit (Category: Business)
Confirming buying opportunities are being missed, over 100 stocks were trading below asset value and market multiples have fallen below 10 times, according to Softlogic Stockbrokers. “We are bullish on the market over the medium to long term advising investors to accelerate accumulation so as to benefit from the expected bull run,” the broking firm ...
- Start stock picking, says DNH Financial (Category: Business)
- DNH welcomes framework for ETFs, says timing crucial (Category: Business)
- GMNet launches VstoX Colombo Bourse simulator (Category: Business)
- Under fire official of SEC to take up new post (Category: Breaking News)
By Uditha Jayasinghe Following the end of the US$ 2.5 billion Stand-By Agreement, the International Monetary Fund (IMF) remains upbeat about the Sri Lankan economy and further collaboration will be finalised later this year, an official said yesterday. The IMF transferred the final tranche
- Counter Cyclical (Category: Business)
- Lanka progressing well - International Monetary Fund (Category: Breaking News)
- Expectations (Category: Business)
- Sri Lanka to start discussions on fresh IMF facility (Category: Breaking News)
COLOMBO (Reuters): Sri Lanka’s rupee gained 0.6 percent against the dollar on Monday to its highest level since mid June on inflows into government bonds and IMF approval to disburse a $415 million loan tranche, dealers said. The rupee closed at 130.90/131.10 against the dollar, its strongest since June 11, and firmer than Friday’s close ...
- Bourse at 3-week low, Rupee falls (Category: Business)
- Rupee up on Govt. bond dollar inflows; Stock market fails to cheer (Category: Business)
- CB intervenes again to defend rupee (Category: Business)
- Rupee edges up on Treasury comments (Category: Business)
The International Council of Tourism Partners (ICTP) announced that the Sri Lanka Convention Bureau (SLCB) has become the second destination member from the country. The mission of the Sri Lanka Convention Bureau is to position Sri Lanka internationally as a unique venue for MICE activities, resulting in revenue from MICE tourism that will make a ...
- Choices (Category: Business)
- Prema enters the Hall of Fame at PATWA (Category: Business)
- Sri Lanka Tourism Brings Campaign To New York City (Category: Breaking News)
- ITB Asia showcases JKCS’ Zhara hospitality industry software (Category: Business)
An important feature of the recent Sri Lanka Economic Summit, which both the Guest Speaker Gurcharan Das, Author, Columnist and Management Consultant and Keynote Speaker Dr. Kalpana Kochar, Chief Economist – South Asia of the World Bank, referred to were the opportunities presented to Sri Lanka by the ongoing process of globalisation and particularly the ...
- Achieving economic goals amidst global challenges (Category: Business)
- Signs of an economic doomsday… is there a way out? (Category: Business)
- Positioning Sri Lanka in the global economy (Category: Business)
- Development-led globalisation (Category: Business)
In my experience of brand marketing, I have realised that the most challenging is the marketing of a political candidate for high office given the complexity of variables involved and the swing votes that come to play at the last moment. The other is the dynamism that goes into the business of politics where even ...
- Tilan becomes youngest SLIM President (Category: Business)
- A brilliant marketer? (Category: Business)
- Is it right to market a political candidate? (Category: Business)
- What a brand means to me (Category: Business)
Final tranche of $ 415 m received bringing the total to $ 2.548 b during three years of SBA Govt. to stick with flexible exchange rate policy; confident of containing Budget deficit at 6.2% of GDP With the record setting successful completion of the US$ 2.54 billion IMF’s Stand-by Arrangement (SBA), the Government has expressed ...
- IMF Board Approves Latest Tranche Under SBA (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- Sri Lanka receives another IMF tranche (Category: Breaking News)
- IMF approves US$ 426.8M disbursement (Category: Breaking News)
A special seminar on international education and global careers in finance has been jointly organised by Northwood University (USA) and ANC. Guest speakers from education and industry will introduce both O/Level ad A/Level students and their parents on how to best prepare for top jobs in finance. Seminar details are as follow: It’s all about ...
- CA Sri Lanka takes lead in educating students on IFRS (Category: Business)
- OpenArc organises career guidance seminar (Category: Business)
- Central Bank releases latest educational publication (Category: Business)
- Commercial Bank joins Central Bank to promote financial literacy among SMEs (Category: Business)
We talk more about absenteeism. A new research trend has emerged to look into the opposite of it. There are confusing definitions and complicated diagnostics yet the path is worth exploring. Today’s column is all about presenteeism. Overview Absenteeism, generally defined as not showing up for scheduled work, has a long research history. This ...
- Taming the ‘monsters’ (Category: Business)
- Qantas raising fares to tackle high fuel cost (Category: Business)
- SLT 1H operating profit up 15% to Rs. 3.36 b (Category: Business)
- Economic management and the way forward (Category: Business)
Following the success of its IFRS and SLFRS programmes held in Colombo, MBSL continued its thrust in spearheading seminars of vital importance to the revival and development of the economy of the country. The program was conducted on 22 June 2012 at the Kandyan Reach Hotel, Kurunegala.
- MBSL steps up support for SME sector (Category: Business)
- MBSL accomplish another successful year (Category: Business)
- MBSL selling savings bank for a song! (Category: Business)
- MBSL Savings Bank reaffirms commitment in Kalutara (Category: Business)
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
- Solheim Looks Back On The Peace Process (Category: Breaking News)
- Wikileaks: Norwegians Concerned Over JVP’s ‘Ugly’ Campaign (Category: Breaking News)
- Sri Lankans In Wikileaks (Category: Breaking News)
- Sri Lanka and the Spectre of an International Investigation (Category: Breaking News)
Reuters: Sri Lanka now expects 2012 tea production of around 325 million kg, below its target of 330 million kg, as output has fallen in the last five months due to drought, the State-run Tea Board said. Tea production in the first half of the year fell 4.3 per cent year-on-year to 163.26 million kg ...
- JANUARY TEA OUTPUT INCREASES (Category: Breaking News)
- Kenya tea exports up 10% in first quarter (Category: Business)
- January tea output up 6% (Category: Business)
- July tea output down 11.5% (Category: Business)
Acuity Stockbrokers Ltd. on Wednesday sent a strong message that it is time investors grabbed early opportunities to invest in equities based on attractive valuations as the “Lion” is leading frontier markets. Its latest research report on the Lankan economy and equity market
- Businessman falls to death from 7th floor apartment (Category: Breaking News)
- Economist falls to his death (Category: Breaking News)
- Mineral Wealth (Category: Business)
- Investor Eye launches investment research service (Category: Business)
By Cheranka Mendis The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) will host the Entrepreneur of the Year Award for the 17th consecutive time later this year to recognise, reward and motivate Sri Lanka’s entrepreneurs. This is the highest national honour for local entrepreneurs. From left: Bank of Ceylon Deputy GM ...
- BOC supports ‘Sri Lankan Entrepreneur of the Year Awards 2012’ (Category: Business)
- Janashakthi Insurance exclusive Gold partner for Entrepreneur of the Year awards (Category: Business)
- Dialog Axiata affiliates with FCCISL Entrepreneur of the Year Award 2012 (Category: Business)
- “Sri Lankan Entrepreneur of the Year” boost up with NOLIMIT Silver Partnership (Category: Business)
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
The relatively low rate under which the $ 1 billion 10-year sovereign bond issue was concluded is largely due to overall low yields in global markets and not necessarily because of claimed improvement in Sri Lanka’s fundamentals or the economy, independent analysts told the Daily FT yesterday
- Sri Lanka exploits brief calm to raise $1 billion (Category: Breaking News)
- Measuring Risk (Category: Business)
- Price Discovery (Category: Business)
- Bond Moves (Category: Business)
During the long war, the Government was preoccupied with financing and fighting it. The Private pector was burdened with uncertainty about the future. Now with the war behind us, we must examine and debate strategic options for developing our country. One of the key options is pursuing a globalisation strategy. CEPAs and FTAs are variations ...
- Banking foresight – Shaping integrated development (Category: Business)
- We must have a socioeconomic model for growth and prosperity (Category: Business)
- Response to Dr. P.B Jayasundera on why protectionism is not the answer (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due to economic uncertainty and the possibility of lower ...
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
NDB Investment Bank Limited (NDBIB) was adjudged the ‘Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euromoney, the world’s premier financial markets magazine. This is a historical achievement for NDBIB as well as the country since it is the first time Euromoney has ever recognised an investment bank in ...
- NDBIB creates history at Euromoney Awards (Category: Business)
- NDB’s Annual Report 2011 ranked high amongst the best in the world (Category: Business)
- NDB Group 2011 profits up 35% to Rs. 2.9 b (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
Sri Lanka’s $ 1 billion10-year sovereign bond launched on Tuesday saw strong demand, being oversubscribed by more than 10 times before the order book was closed, Reuters said, quoting unnamed sources close to the deal. “As of now it has been oversubscribed by more than 10 times and we see strong demand for the ...
- Bond Sale (Category: Business)
- Bond Launch (Category: Business)
- Deal Awards (Category: Business)
- CB Chief urges more corporates to go for bonds after BOC’s mega success (Category: Business)
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