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FOR two years, the Daily FT team has worked to empower the people through dispensing knowledge of the emerging economy of Sri Lanka. Our belief is simple but pervasive. Since the end of a brutal three-decade conflict in 2009, Sri Lankans have been steadfast in their single-minded ambition to create
President Mahinda Rajapaksa presents development-oriented fiscal programme for 2012 and medium-term policy framework with support for almost all key segments of society and economy In their initial takes, overall welcome tone from private sector, though a few express concerns on select proposals President and Finance Minister Mahinda Rajapaksa yesterday presented what the Government described as ....
The post-Budget 2012 seminar organised by the Daily FT in partnership with Colombo University MBA Alumni Association will be most comprehensive as it involves a panel of 12 experts. The event scheduled for Thursday, 24 November from 8.00 a.m. to 11.30 a.m. at the Oak
Analysts say sound fiscal programme for 2012 and medium term private sector oriented policy framework crucial for country to move forward putting behind controversial Expropriation Act Improving fiscal management gives hope for further progress Robust public investment programme; lower deficit; greater clarity and consistency taking on from 2011 Budget envisaged Budget 2012 tipped to showcase ...
Following are the brief key suggestions that came out at the groundbreaking pre-Budget 2012 brainstorming session held recently under a joint initiative by the Daily FT and the MBA Alumni Association of University of Colombo with Secretary to the Treasury Dr. P.B. Jayasundera as the Chief Guest
The Daily FT, which broke new grounds last year by being the first newspaper to co-host a packed post-Budget seminar, has this year come up with an impressive lineup of experts to share key insights to the Government’s upcoming 2012 fiscal program. Organised in partnership with the MBA Alumni
UNP MP Dr. Harsha de Silva fired a fresh salvo at Central Bank Governor Nivard Cabraal for moving away from his statutory role of being monetary policy-centric and making strong statements concerning fiscal policy which is the job of Finance Ministry. Dr. de Silva was responding to some of the recent statements by Cabraal about ...
This is the eighth article in the Daily FT’s fortnightly series titled ‘Business of Sports,’ focusing on the back office of the various sports administered and played in this country. Readers are invited to share their views and express their opinion via email to editor@ft.lk
The Institute of Chartered Corporate Secretaries of Sri Lanka in partnership with the Daily FT organised a seminar titled ‘Share Market Volatility – Causes and Remedies,’ last week which brought to the table many issues concerning the Colombo stock market
Offering epic safari adventures, Chaaya Wild transcends expectations and enthrals nature enthusiastsBy Marianne David If there’s one message that Yala reinforces, it’s the fact Sri Lanka is so abundantly blessed – a miracle in many ways. Despite its rising position as a hotspot for leopards being temporarily halted in its tracks during the latter stages ...
In an exclusive interview with the Daily FT, Keells Hotel Management Services Head of Eco Tourism and Special Projects Chitral Jayatilake said that over the years, Yala has progressed from being a great place to go on safari to a great place to see leopards. According to Jayatilake, the transition took place over the last ...
By Cheranka Mendis Godrej Locks will launch an aggressive three year marketing and expansion road map in April 2012 in a bid to expand its global footprint with Sri Lanka at the forefront. Godrej Locks, the number on locks in India yesterday announced a partnership with Abans Group to promote and market the brand’s globally ...
By Cassandra Mascarenhas Market experts last week declared that the stock market has corrected itself enough and that it is now a good time for investors to buy. This assessment was made at an interactive forum titled ‘Share Market Volatility – Causes and Remedies’ organised by the Institute of Chartered Corporate Secretaries of Sri Lanka ...
In the midst of the volatility and speculation currently shrouding the Colombo Stock Exchange, the Institute of Chartered Corporate Secretaries of Sri Lanka in partnership with the Daily FT organised a seminar titled ‘Share Market Volatility – Causes and Remedies,’ which featured
By Devin Jayasundera Siedles (Pvt) Ltd. in its attempt to expand the Sony customer base in Sri Lanka and to provide a world class service to its cutomers launched a state-of-the-art Sony showroom at 150/3, Ward Place, Colombo 7 last week. The flagship Sony showroom equipped with the latest modern designs and sleek interior is ...
By Cheranka Mendis The tourism industry yesterday welcomed the reduction in the online visa processing fee from the initial US$ 50 flat rate for every country, giving into the concerns and objections of industry stakeholders. The scheme, scheduled to be in effect from January 2012, will now charge US$ 10 from travellers from South Asian ...
Pelwatte Sugar Industries Plc said yesterday that it was awaiting instructions on the way forward from Secretary to the Treasury following the Parliament passing the Revival of Underperforming Enterprises and Underutilised Assets on Wednesday. “At this moment we are unable to comment on the implications on the ruling as we await instructions by the Secretary ...
By Cheranka Mendis Chairman and founding member of CSR Asia, Richard Welford was in Sri Lanka for a hands on two day training course titled ‘Embedding global compact and sustainability in to your organisation’. Organised by UN ESCAP, Global Compact Network Ceylon and The Global Compact Regional Support Centre Asia Pacific, the course was taken ...
The Institute of Internal Auditors Sri Lanka (IIASL), at its Fourth National Conference scheduled for 15 November at Kings Court Cinnamon Lakeside will deliberate on some of the “big questions” currently facing internal auditors today. This is in line with this year’s theme: “Strategies for Internal Audit Excellence.” IIASL President Dharshana De Silva stated that ...
By Devin Jayasundera EPSI iStore – Sri Lanka’s only digital store which is especially dedicated for world renowned Apple products launched operations on Wednesday. EPSI Computers Ltd a leading IT company has been appointed as an authorised re-seller for Apple products in Sri Lanka. The state of the art Apple showroom caters toward all ...
Deepal V. Perera reporting from St. Kitts Hambantota Bid Co-Chairman Ajith N. Cabraal is cautiously optimistic that delegates of the Commonwealth Games Federation annual assembly will vote through Sri Lanka to host 2018 contest in Hambantota. Hambantota Bid Co-Chairman Ajith N. Cabraal with CEO Nalin Attygalle at a briefing. Pic by Deepal V Perera He ...
All of the Commonwealth will today focus on the crucial vote for the host of 2018 Commonwealth Games with Sri Lankan contingent publicly and personally upbeat about candidate city Hambantota’s chances. Sri Lanka’s spirited southern port city Hambantota and Australia’s Gold Coast need minimum 36 votes out of 71 Commonwealth Games Associations at the CGF ...
The Institute of Chartered Corporate Secretaries of Sri Lanka and the Daily FT have brought together an expert panel of speakers to examine the state of the share market. Aptly titled ‘Share market volatility – Causes and Remedies’ the power-packed seminar will be held
The Institute of Chartered Corporate Secretaries of Sri Lanka and the Daily FT have brought together an expert panel of speakers to examine the state of the share market. Aptly titled ‘Share market volatility – Causes and Remedies’ the power-packed seminar will be held tomorrow
As Asia Asset Finance Ltd (AAFL) opens its Rs. 425 million Initial Public Offering (IPO) on 28 November the company forecasts that it will grow Net Profits by 20 per cent going forward. The company plans to expand their branch network from 10 to 19 before the end of year 2012, mainly in the North ...
Submits proposals; Secures several assurances at meeting with President and team Govt. remains firms on Bill The country’s private sector in a welcome united move, has succeeded in securing some assurances over the upcoming Expropriation Bill from the Government, which however remains stubborn in not withdrawing the contentious new piece of legislation. Leading chambers of ...
The American Center in Colombo held its ‘Open Mike Competitive Poetry Slam’ at the American Center Auditorium on 27 October. Introduced for the first time in Sri Lanka, the ‘Poetry Slam’ called out to poets, spoken word stars, rappers and performance artistes. With an award for the best performer and free entrance, the event drew ...
By Dinali Goonewardene Asian Asset Finance will be offering 120 million shares to raise Rs.425.4 million in an Initial Public Offering due to open on 28 November. The IPO will be priced at Rs. 2.50 per share with the option to sell a further 50 million shares. “The funds will be used to expand the ...
This is the seventh article in the Daily FT’s fortnightly series titled ‘Business of Sports,’ focusing on the back office of the various sports administered and played in this country. Readers are invited to share their views and express their opinion via email to editor@ft.lk
nUNP, TNA express opposition; Govt. to go ahead by tabling the Bill in Parliament next week The contentious Takeover Bill on underperforming State enterprises and underutilised assets had come under fire by the Opposition at the Party Leaders meeting yesterday in Parliament. At the meeting, representatives of the UNP and TNA have vehemently opposed the ...