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By Uditha Jayasinghe An estimated 20,000 microfinance institutions in the country will be regulated under new legislation approved by the Cabinet of Ministers. On a proposal made by President Mahinda Rajapaksa, who is also the Finance Minister, all microfinance institutions will be brought under the direct supervision of the of the Central Bank, Cabinet spokesman ...
The construction industry’s leaders showed off their latest innovations at Sri Lanka’s largest construction exhibition, ‘Construct 2012’ held recently at the Sirimavo Bandaranaike Memorial Exhibition Centre. United Tractors and Equipment (PVT) Ltd. (UTE) shone at the exhibition’s construction machinery and equipment show, of which they were the main sponsor, for the f...
Following are excerpts of the address by A/Plnr Deshabandu Surath Wickramasinghe, President of the Chamber of Construction Industry, Sri Lanka, at the Colombo School of Technology Graduation: I am pleased to be present as the Chief Guest at the first Graduation Ceremony of 30 HND Graduates who will receive their Diplomas. The Colombo School of ...
Reuters: The Central Bank believes the rupee can strengthen to around 125 per US Dollar due to high foreign inflows into the economy, the Head of the country’s monetary authority said of Monday. Since April, the Central Bank and Finance Ministry have repeatedly said the rupee should stabilise at around 125 per dollar, given the ...
By Shanuka Tissera A year to date, since the last annual general meeting of The Planters’ Association of Ceylon, there have been some turbulent changes in the tea, rubber and coconut industries due to the crisis in the Middle-East and EU. The 158th AGM of The Planters’ Association of Ceylon took place on 17 August ...
In the aftermath of the successful Indo-Lanka CEO Forum held last week, more and more top Lankan CEOs are vying for partnership with Indian biz. And four top Lankan corporates want to enter the upcoming Trincomalee’s Manufacturing Special Economic Zone. “Almost all Lankan CEOs at the Forum were keen to increase trade with India. More ...
Management research is a part of the wider array of research. Whilst positive initiatives are being taken, current situation with respect to research in Sri Lanka is far from a satisfactory level. Today’s column will focus on management research in identifying seven myths associated. At a time where there is a growing awareness on management, ...
The Ceylon Tobacco Company (CTC) stood as a colossus in the Sri Lankan economy for many decades at a time when the private sector in Sri Lanka did not have much to boast about. Silently, CTC pushed on and today boasts a history of 85 years. As the company reached 80 years, it was felt ...
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events of macro factors make ...
Colombo, Aug 9 (IANS) Sri Lanka has added 30 megawatts of wind power to its national grid in a bid to reduce power shortage in nearly 60 cities, including Colombo.
Tea is our pride, for which we can be proud of for the reason that it is the best tea on the globe. It is the duty of every Sri Lankan, especially the diplomatic missions worldwide, to defend and promote our silver inherited as much as the beauty of Sri Lanka which is matchless. Sri ...
SINGAPORE, Aug 6 (Reuters) - Sri Lanka's Ceylon PetroleumCorp is seeking a rare better-quality diesel grade due to atemporary domestic shortage caused by a drawdown in stocks afterthe firm delisted oil ...
An industry first career development path in Transport, Logistics and Trade (TLT) has been introduced by the Shippers’ Academy Colombo (SAC), with its collaborative partner, Sri Lanka Foundation (SLF), which comes under the Presidential Secretariat. The career path has three segments, where a three month certificate course will lead to a requirement fulfillment of the ...
In the global public relations business, Asia is also rising. The flow of Western talent and treasure into the region is well known in our industry, but less visible is the advance of many powerful Asian consultancies with international ambitions which are rising fast. On my 10th anniversary here I would like to share 10 truths ...
July 31, Anuradhapura: Farmers in Sri Lanka today took to the streets in Eppawela in the Anuradhapura District demanding a compensation payment of Rs. 75,000 for their paddy lands destroyed due to the shortage of water.
Sri Lanka has decided to stop operating nearly 50% of its countrywide street lamps in a bid to save energy amidst a growing energy crisis. This means, out of the existing 800,000 street lamps only 400,000 will be switched on during the night hours. The new measure will come into effect starting from tomorrow. Ministry of Power and ...
July 27, Colombo: The Disaster Management Ministry of Sri Lanka is gathering information at district level on the paddy lands that have been destroyed due to the shortage of water.
Central Bank Governor says rupee’s trends will depend on flows Bank will intervene if needed to curb volatility Bank sees 125/dollar as equilibrium level, but not a target July annual inflation to ease from 41-month high Reuters: Sri Lanka will maintain a flexible exchange rate, allowing flows to determine trends, though the Central Bank will ...
Politically-motivated violence or a riot is a form of civil disorder characterised often by what is thought of as disorganised groups lashing out in a sudden and intense rash of violence against authority, property or people. A riot could also be due to a perceived grievance or out of dissent. Political violence was seen in ...
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 ...
By Indika Sri Aravinda The Higher Education Ministry says there is a shortage of 1200 lecturers at universities around the country. High Education Ministry Secretary Dr. Jayantha Navaratne says there are 4200 lecturers at local universities. He said that in order to fill the gap created
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
By Cheranka Mendis While the aggressive expansion plans for ports in the country are being commended by many due to the potential they hold for the future, it has not been easy sailing for the Sri Lanka Ports Authority (SLPA), which has had to face many turbulent waves ever since development work began. SLPA Director ...
Sri Lankan government sector hospitals are currently experiencing a severe shortage of trained nurse..
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
Sri Lanka Ports, Trade and Logistics Conference kicks off By Cheranka Mendis Sri Lanka’s potential as a major maritime and shipping hub in the South Asian region was showcased yesterday at the launch of the two-day Sri Lanka Ports, Trade and Logistics Conference and Exhibition held at the Hilton, Colombo. While times are challenging for ...
or are on the verge of being ruined. Some villages complain of the shortage ...
July 10, Colombo: Sri Lankan government sector hospitals are currently experiencing a severe shortage of trained nurses General Secretary of the All Ceylon Health Services Union Gamini Kumarasinghe says.
July 02, Colombo: The Agriculture Ministry of Sri Lanka says that crops other than paddy cultivated in the agricultural areas are not badly affected by the shortage of water.
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...