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Nawaloka Hospitals has come forward as the official cardiac partner of ‘Arogya 2012’ International Healthcare Exhibition to be held from 17 to 19 August 2012 at the BMICH, Colombo. Nawaloka Hospitals being one of the foremost private sector hospitals in the country will display its strength in the ‘cardiac sector’ at ‘Arogya 2012’. Nawaloka Hospitals ...
- Arogya 2012 to promote local health sector (Category: Business)
- ‘Arogya 2012’: A step towards better healthcare (Category: Business)
- NCCSL briefs Health Minister on Arogya 2012 progress (Category: Business)
- Upali quits Nawaloka Hospitals Board (Category: Business)
By Cheranka Mendis Known as a silent disease, the risks for liver diseases within the region is under the threat of increasing if people do not go for early screening and adopt preventive methods at an early stage. Gleneagles Hospital Gastroenterologist Dr. Vincent Lai, in Sri Lanka to attend a lifestyle seminar on ‘What you ...
- Taiwan elects William Lai president in historic election (Category: Breaking News)
- Taiwan elects William Lai as president in historic election (Category: Breaking News)
- Hong Kong media tycoon, pro-democracy activist Jimmy Lai freed on bail (Category: USA, New York)
- Hong Kong media tycoon, pro-democracy activist Jimmy Lai freed on bail (Category: USA, New York)
The NSB/TFC deal and the General Recent events in Sri Lanka have reconfirmed that though seemingly power may be unlimited, there are in reality constraints which limit the options those in power have. As proof of this fundamental reality, the first event is the purchase by the National Savings Bank (NSB), a State-owned entity, whose ...
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
- Not-so-ugly truth of the NSB saga! (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- NSB Head gives quit notice (Category: Business)
Bank of Ceylon’s supremacy in Sri Lanka is well known but recently the bankers to the nation proved its true mettle with landmark success for its ground breaking $ 500 million five year bond issue. The issue is a trailblazer for several reasons. It was the first global bond issue by a Sri Lankan corporate. ...
- Sri Lanka unit trust industry to reach Rs. 50 b in five years (Category: Business)
- Successful $ 500 m BOC Bond is landmark says HSBC CEO (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
Sri Lanka Tourism Promotion Bureau MD post is a permanent position and comes under scheme of recruitment approved by Treasury Rumy Jauffer hired on one-year contract sans an application or a CV Not marking attendance, unlimited use of fuel among flags-off in Auditor General’s Department query A host of queries by the Auditor General’s Department ...
- First female AG appointed (Category: Business)
- Protect Shani Abeysekara’s Life: Victims Appeal To AG (Category: Breaking News)
- Protect Shani Abeysekara’s Life: Victims Appeal To AG (Category: Breaking News)
- Protect Shani Abeysekara’s Life: Victims Appeal To AG (Category: Breaking News)
Chairman writes for removal of Commissioner P. Jayawardena who failed to attend three consecutive meetings; Strained ties the cause, say insidersSome cracks have appeared within the Securities and Exchange Commission (SEC), just less than six months under new Chairman Tilak Karunaratne. The Chairman has written to the Finance Ministry that senior Commissioner P. Jayawardena must ...
- Right of Reply: SEC responds to ‘Cracks in SEC?’ (Category: Business)
- Mudalige out; Kalinga in (Category: Business)
- Sujeewa’s nomination to SEC dropped? (Category: Business)
- Nalaka new SEC Chief; Priyantha, Sujeewa back as Commissioners (Category: Business)
By The Lion Without Spot The Pure Ceylon Tea debate rages on. Though the dialogue so far has largely been confined to the print media on the way forward for Sri Lanka’s tea industry and it will no doubt open out the opportunity for discussion in other forums as well, in the days to come. ...
- Akbar Brothers flies Lankan flag high as world’s biggest tea exporter (Category: Business)
- Govt. pledges to protect ‘Pure Ceylon Tea’ (Category: Business)
- “PURE CEYLON CINNAMON” SECOND NATIONAL BRAND UNVEILED (Category: Breaking News)
Parliament told EPF has lost Rs. 4.2 b in value over investments in five listed companies alone Last audited accounts of EPF presented in Parliament was for year 2009 only The main Opposition UNP yesterday in Parliament stepped up its charge on alleged mismanagement of funds of the EPF by the Central Bank, raising fresh ...
- Ranil raises red flag over EPF, ETF in Parliament (Category: Business)
- What the UNP Leader told Parliament (Category: Business)
- EPF is well managed, not corrupt: CB Chief (Category: Business)
- UNP MP renews warning over fate of EPF’s questionable investments in stock market (Category: Business)
SEC, CSE and CSBA hold positive joint meetingThe stock market is likely to step up the migration to Delivery Versus Payment (DVP) system in a more robust risk management regime following the fiasco triggered by the default of National Savings Bank (NSB). Daily FT learns the DVP
- SEC resolves NSB-TFC in-limbo trade via private transfers (Category: Business)
- Taprobane buys back the TFC shares it sold to NSB (Category: Breaking News)
- NSB’s custodial role suspended, Sampath clears Friday settlements (Category: Business)
- Sanctity of CSE hinges on NSB (Category: Business)
Exporters deny lobbying to import cheap tea Insist more liberal regime for select import of orthodox varieties key to boost blending for exports and establish Colombo as a tea hub Stress Pure Ceylon Tea will remain supreme and unaffected By Uditha Jayasinghe Stirring a fresh storm in the industry, the Tea Exporters Association (TEA) yesterday ...
- Govt. pledges to protect ‘Pure Ceylon Tea’ (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
Carson Cumberbatch joined hands with the Ceylon Chamber of Commerce as the Platinum Sponsor of the Sri Lanka Economic Summit 2012, the key corporate forum in the country’s business calendar. For the 13th consecutive year, the Sri Lanka Economic Summit will be held on the 10, 11 and 12 July 2012 at the Cinnamon Grand, ...
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Young guns to share insights to positioning Sri Lanka in global economy (Category: Business)
- Economic summit begins today (Category: Breaking News)
- CCC’s 13th Economic Summit from 10-12 July (Category: Business)
With open economic policies, the health sector in Sri Lanka has shown a significant development during the last few years. With the increasing population, which has now reached 20.8 million, there was a dire need for the country to improve her healthcare facilities and this requirement is now being fulfilled by both public and private ...
- ‘Arogya 2012’: A step towards better healthcare (Category: Business)
- Private Hospitals Association’s case for employing foreign medical specialists (Category: Business)
- Nawaloka Hospitals sponsors ‘Arogya 2012’ as Official Cardiac Partner (Category: Business)
- MARKSS Healthcare expands footprint in Kandy (Category: Business)
By Cheranka Mendis With tourism numbers increasing, Sri Lanka Tourism must now look at aggressive destination promotion, especially at travel and trade fairs abroad. While the industry expressed delight over the tourism authority’s interest in supporting more participation in international travel fairs, the lack of representation of the authority itself is a major drawback to ...
- Can joint promotions with other export industries work for Sri Lanka Tourism? (Category: Business)
- Tourism triumph! - Ends 2011 with record 855,975 arrivals (Category: Business)
- Over 55 tour agents, 50 international journalists for Expo 2012 (Category: Business)
- Sri Lanka records 624,874 tourist arrivals by end of June (Category: Breaking News)
One week on, NSB has remained silent concerning the purchase of a 13% stake in The Finance Company Plc (TFC) at a hefty premium, prompting analysts to claim the savings giant was either ignoring or confirming controversies and allegations levelled by the UNP and the market. This assertion is despite TFC on Wednesday issuing a ...
- NSB-TFC deal’s stench spreads! (Category: Business)
- NSB’s entry in to TFC stirs up storm (Category: Business)
- UNP raises alarm over NSB investment in The Finance (Category: Business)
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
Peradeniya Uni's Dr. Perera says exchange volatility is temporary and acceptable IMF's Mathai says no crisis but stability measures taken By Cheranka Mendis UNP MP Dr. Harsha de Silva yesterday made a compelling case that the ‘feel good’ party that the President Mahinda Rajapaksa Government tried to propagate among the people post-war was over, warning ...
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
- Sri Lanka may need to consider easing monetary policy: PB (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
The Sambhashana discussion organised by Transparency International Sri Lanka will focus on ‘The Rupee Crisis’ on 25 April at the auditorium of the Organisation of Professional Associations (OPA), Stanley Wijesundara Mawatha, off Bauddhaloka Mawatha Colombo 7 from 4 to 6 p.m. MP Dr. Harsha de Silva, Senior Lecturer of University of Peradeniya Dr. Prasanna Perera ...
Confirming Daily FT’s article last Wednesday, Seylan Bank on Friday announced the appointment of Mohan Pieris as its new Chairman and said the former Attorney General will further strengthen the Bank’s Board. “With his exposure in the spheres of Banking, Finance and Commerce
- Fitch upgrades Seylan Bank to ‘A-(lka)’ (Category: Business)
- Gift bonanza for Seylan Tikiri Plus kids (Category: Business)
- New seylan Chairman assumes office (Category: Business)
- Seylan Bank expands network to Akuressa (Category: Business)
Clarifies 2011 per capita GDP computation technically correct but given fall in Rupee’s value in 2012 Central Bank should have been honest with greater disclosure and putting data in context As per IMF staff report Net International Reserves in 2011 alarming low at $ 4 b; Net Open Position below $ 3 b; Short Term ...
- CB data: Cabraal shoots down Harsha’s claim (Category: Business)
- CB statistics under fire (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
- The GDP Per Capita in the Central Bank Annual Report for 2011 (Category: Business)
UNP MP Dr. Harsha de Silva backs Daily FT columnist on per capita income data, claimsfigures too inflated and Govt. trying to mislead people and global stakeholders; CB getting more politicised By Uditha Jayasinghe Firing another salvo at the Central Bank, UNP MP and economist Dr. Harsha De Silva
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
- CB data: Cabraal shoots down Harsha’s claim (Category: Business)
- Misleading the public (Category: Business)
- May Day, May Day over May 2011 data (Category: Business)
The Central Bank, in its latest Annual Report, has downgraded its growth forecast for 2012 from eight per cent to 7.2 per cent. This is due to a combination of adverse global developments and the negative effects of domestic policy misalignments. The contractionary measures introduced to address the imbalance in the trade account (i.e. to ...
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- International financial institutions and development in Asia (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Central Bank’s Check List for 2012 and beyond (Category: Business)
The Daily FT on Thursday featured on page 1 a story based on some startling comments and allegations by UNP MP Dr. Harsha De Silva and young business leader Dilith Jayaweera. The headlines and the contents wouldn’t have been a good read for President Mahinda Rajapaksa
- Rocky Road (Category: Business)
- Not Under (Category: Business)
- Six new Bank branches in the North next week (Category: Breaking News)
- Commercial Bank arrives at Maskeliya (Category: Business)
The CBSL’s directive issued last year, which takes into account credit, market, operational and liquidity risk, is very much in line with the recommendations of the Bank of International Settlements (BIS), which recommends in particular capital adequacy for government banks, said internationally-renowned risk consultant and CEO/Principal of Independent Global Research Ltd. David Roden. Addre...
- CAL reiterates importance of risk management best practices for emerging markets (Category: Business)
- Sri Lanka wants banks to strengthen risk management (Category: Breaking News)
- Risk professionals hold first-ever forum (Category: Business)
By Cheranka Mendis While Sri Lanka’s largest mega trade, investment and tourism promotion initiative ‘Expo 2012’ has been welcomed by stakeholders as a timely affair, stallholders shared mixed feelings on the order of the show. Some were elated having received inquires just two days into the event, while others expressed disappointment with regard to the ...
- Expo 2012 garners $ 66,000 worth global orders (Category: Business)
- Over 55 tour agents, 50 international journalists for Expo 2012 (Category: Business)
- Robust exports to get boost via Expo 2012 (Category: Business)
- Sri Lanka Expo 2012 – A showcase of high quality products and services (Category: Business)
By Cassandra Mascarenhas Bringing to the spotlight an issue that has plagued the Sri Lankan stock market over the past several months, the Institute of Chartered Corporate Secretaries of Sri Lanka and the Securities and Exchange Commission of Sri Lanka in partnership with the Daily FT
- Insider trading: Is it rampant, cause for market’s ill or mere paranoia? (Category: Business)
- Seminar on insider trading (Category: Business)
- New SEC Chief says won’t turn blind eye to robbers invading bourse (Category: Business)
- Top global expert to share ‘good, bad and ugly’ of insider trading (Category: Business)
EDB says 1,350 visitors from 55 countries already registered; flow halted due to lack of rooms The first-ever international style exhibition to promote exports in 18 years, Sri Lanka Expo 2012, which kicks off on Wednesday, has drawn 1,350 visitors from 55 countries with further demand facing a snag due to unavailability of hotel accommodation. ...
- Expo 2012: A huge success for Sri Lanka Tourism (Category: Business)
- Expo 2012 garners $ 66,000 worth global orders (Category: Business)
- Robust exports to get boost via Expo 2012 (Category: Business)
- Large Indian business presence at Sri Lanka Expo 2012 (Category: Breaking News)
Suren Rajanathan is Vice President of 3M Sri Lanka, an innovation-based company which boasts a catalog of over 1,000 products sold in Sri Lanka that span 25 different business categories. 3M has an income internationally of $30 billion in sales, employs about 84,000 people worldwide, and has operations in more than 65 countries with products ...
- Leveraging 3M capabilities to build businesses (Category: Business)
- Suresh joins 3M as Head of Marketing (Category: Business)
- 3M rewards individual excellence at Annual Awards Night (Category: Business)
- 3M launches Long Life Coolant (Category: Business)
and Exchange Commission (SEC) in partnership with the Daily FT. Dissanaike will ...
- Seminar on insider trading (Category: Business)
- New SEC Chief says won’t turn blind eye to robbers invading bourse (Category: Business)
- Insider trading: Good, bad or ugly? (Category: Business)
- Insider trading: Is it rampant, cause for market’s ill or mere paranoia? (Category: Business)
The Janatha Vimukthi Peramuna (JVP) spokesman and parliamentarian Anura Kumara Dissanayaka in an interview with the Daily FT critiques the on-going sessions of the UN Human Rights Council (UNHRC), the state of bad governance, deteriorating law and order and the economic crisis in the country.
- Dispelling misinformation and myths regarding the UNHRC resolution and its impact on Sri Lanka (Category: Breaking News)
- Use conciliatory diplomacy to deal with US-sponsored resolution (Category: Breaking News)
- Can Sri Lanka’s government implement the LLRC recommendations? (Category: Breaking News)
- SL attends UNHRC sessions with impressive post-conflict records: Former AG (Category: Business)
The country’s forex market encompassing highly dependent importers and key source exporters was yesterday rocked by what analysts described as the sharpest day gain in the US dollar exchange rate. Before mid-day the Rupee touched a new low of Rs. 127 and then on to Rs. 128 prompting many to assume the rate had bottomed ...
- Rupee hits new low despite inflows (Category: Business)
- CB gives fresh boost to CSE (Category: Business)
- Markets becalmed (Category: Business)
- Rupee weakens on importer dollar demand (Category: Business)
The Institute of Chartered Corporate Secretaries and the Securities Exchange Commission in partnership with the Daily FT will hold a seminar on insider trading on 26 March. The seminar is to be held from 4 p.m. to 6:30 p.m. at Hilton Colombo Residencies and panellists include Professor Gishan
- Deterrent Message (Category: Business)
- Illegal Edge (Category: Business)
- Insider Trading (Category: Business)
- Cashed-up 'criminal club' (Category: Australia, Queensland)
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