dailymirror.lk http://dailymirror.lk/RSS_Feeds/business-main The only Sri Lankan newspaper with round the clock news updates - Dailymirror Online Edition en-us rangazone.r@gmail.com Copyright 2017 SriLankan, a hopeless case even with a management change: Eran http://www.dailymirror.lk/138575/SriLankan-a-hopeless-case-even-with-a-management-change-Eran- http://www.dailymirror.lk/138575/SriLankan-a-hopeless-case-even-with-a-management-change-Eran- Finance State Minister Eran Wickramaratne lashed out at the national carrier, SriLankan Airlines, at a recent forum in Colombo, saying that the airline has no business proposition even with a change in the management.  

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Tue, 17 Oct 2017 00:39:59 +0000
SL reviews progress of US$ 700mn grant with Millennium Challenge Corporation http://www.dailymirror.lk/138477/SL-reviews-progress-of-US-mn-grant-with-Millennium-Challenge-Corporation http://www.dailymirror.lk/138477/SL-reviews-progress-of-US-mn-grant-with-Millennium-Challenge-Corporation Finance and Mass Media Minister Mangala Samaraweera met with Millennium Challenge Corporation’s (MCC) Regional Deputy Vice President for Europe, Asia, Pacific and Latin America, Fatema. Z. Sumar to review the progress of its 5-year ‘Grant Compact’ to Sri Lanka.

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Mon, 16 Oct 2017 00:00:01 +0000
Sri Lanka returns to MRPs, confirms international orders to steer rice supply http://www.dailymirror.lk/138447/Sri-Lanka-returns-to-MRPs-confirms-international-orders-to-steer-rice-supply- http://www.dailymirror.lk/138447/Sri-Lanka-returns-to-MRPs-confirms-international-orders-to-steer-rice-supply- Sri Lanka has confirmed the purchase of 500000 metric tons of rice from four global suppliers to face pressure from its domestic markets distressed by paddy shortfall for three straight seasons. 
Shipments from one country are already being offloaded at Colombo Port. Sri Lanka is also returning back to its scrapped rice MRPs in the next two weeks.

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Sat, 14 Oct 2017 00:00:50 +0000
Govt. mulls removing barriers to allow Lankan firms to hire foreign labour http://www.dailymirror.lk/138370/Govt-mulls-removing-barriers-to-allow-Lankan-firms-to-hire-foreign-labour- http://www.dailymirror.lk/138370/Govt-mulls-removing-barriers-to-allow-Lankan-firms-to-hire-foreign-labour- The Sri Lankan government will look to streamline the regulatory process which has so far handicapped the ability of local companies to hire foreign labour by providing greater powers to the Immigration and Emigration Controller, according to Finance State Minister Eran Wickramaratne.

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Fri, 13 Oct 2017 00:00:14 +0000
Mangala meets US Under Secretary in Washington http://www.dailymirror.lk/138264/Mangala-meets-US-Under-Secretary-in-Washington http://www.dailymirror.lk/138264/Mangala-meets-US-Under-Secretary-in-Washington Finance and Mass Media Minister Mangala Samaraweera, who is currently in Washington to attend the World Bank/International Monetary Fund annual meeting, met with US Under Secretary for Political Affairs Ambassador Thomas Shannon at the US State Department.

 

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Thu, 12 Oct 2017 00:00:22 +0000
This govt. best bet towards sustainable growth: WAW http://www.dailymirror.lk/138197/This-govt-best-bet-towards-sustainable-growth-WAW http://www.dailymirror.lk/138197/This-govt-best-bet-towards-sustainable-growth-WAW One of the harshest critics of government economic policies, former Central Bank Deputy Governor W.A. Wijewardena,  

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Wed, 11 Oct 2017 09:48:41 +0000
Sri Lanka speeds up SME support work http://www.dailymirror.lk/138128/Sri-Lanka-speeds-up-SME-support-work http://www.dailymirror.lk/138128/Sri-Lanka-speeds-up-SME-support-work No sooner the first-ever national small and medium enterprise (SME) policy of the country has been unveiled, Sri Lanka is moving to implement it without delay, the country’s Industry and Commerce Ministry said.

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Tue, 10 Oct 2017 00:55:25 +0000
Filmfare selects Sri Lanka for November issue cover shoot http://www.dailymirror.lk/138045/Filmfare-selects-Sri-Lanka-for-November-issue-cover-shoot- http://www.dailymirror.lk/138045/Filmfare-selects-Sri-Lanka-for-November-issue-cover-shoot- Sri Lanka once again proved that it was becoming a favourite hotspot to provide picturesque locations for the Bollywood film industry when it selected Sri Lanka to do the cover shoot of the November issue of Filmfare magazine with Deepika Padukone, one of Bollywood’s successful actresses. 

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Mon, 09 Oct 2017 09:56:02 +0000
World must ‘seize opportunity’ of global recovery: IMF’s Lagarde http://www.dailymirror.lk/137983/World-must-seize-opportunity-of-global-recovery-IMF-s-Lagarde http://www.dailymirror.lk/137983/World-must-seize-opportunity-of-global-recovery-IMF-s-Lagarde International Monetary Fund (IMF) Chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity.

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Sat, 07 Oct 2017 00:29:35 +0000
The Big Bad Wolf in town! http://www.dailymirror.lk/137895/The-Big-Bad-Wolf-in-town- http://www.dailymirror.lk/137895/The-Big-Bad-Wolf-in-town- The Big Bad Wolf book sale, which is considered the world’s biggest, was opened to Sri Lankan public yesterday at the Sri Lank Exhibition and Convention Centre (SLECC).

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Fri, 06 Oct 2017 10:00:43 +0000
SL gets US $ 75mn WB loan to modernize financial sector http://www.dailymirror.lk/137835/SL-gets-US-mn-WB-loan-to-modernize-financial-sector- http://www.dailymirror.lk/137835/SL-gets-US-mn-WB-loan-to-modernize-financial-sector- Sri Lanka yesterday signed an agreement to modernize and improve the efficiency of its financial sector, which in turn will help small businesses and entrepreneurs compete in the markets and create better jobs.

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Thu, 05 Oct 2017 00:00:10 +0000
Govt. begins drafting separate legal framework for Financial City http://www.dailymirror.lk/137762/Govt-begins-drafting-separate-legal-framework-for-Financial-City http://www.dailymirror.lk/137762/Govt-begins-drafting-separate-legal-framework-for-Financial-City Amid the controversy surrounding the draft new constitution, the government behind closed doors is drafting a new legal framework to administer the China-backed Colombo International Financial City (CIFC), the 500-acre Colombo sea front reclaimed for a special economic zone, Mirror Business learns. 

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Wed, 04 Oct 2017 10:03:31 +0000
Sri Lanka announces free medical and personal accident cover for schoolchildren http://www.dailymirror.lk/137674/Sri-Lanka-announces-free-medical-and-personal-accident-cover-for-schoolchildren http://www.dailymirror.lk/137674/Sri-Lanka-announces-free-medical-and-personal-accident-cover-for-schoolchildren Creating a landmark in the history of education in Sri Lanka, the Government of Sri Lanka has launched a free medical and personal accident cover for all schoolchildren of the nation.

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Tue, 03 Oct 2017 00:42:40 +0000
Sri Lanka gets cautious thumps up from IMF http://www.dailymirror.lk/137610/Sri-Lanka-gets-cautious-thumps-up-from-IMF- http://www.dailymirror.lk/137610/Sri-Lanka-gets-cautious-thumps-up-from-IMF- The International Monetary Fund last week said Sri Lanka is so far doing well in its economic reforms to reach the targets to remain eligible for the US$ 1.5 billion Extended Fund Facility (EFF), despite the challenges posed by the recent climate shocks, which has slowed economic growth below 4.5 percent.

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Mon, 02 Oct 2017 09:49:00 +0000
SL should be ready to change monetary policy if private credit accelerates: IMF http://www.dailymirror.lk/137551/SL-should-be-ready-to-change-monetary-policy-if-private-credit-accelerates-IMF http://www.dailymirror.lk/137551/SL-should-be-ready-to-change-monetary-policy-if-private-credit-accelerates-IMF The International Monetary Fund (IMF) yesterday warned Sri Lanka should be ready to change its monetary policy if any unexpected shocks lead to increased credit growth in already sensitive sectors of the economy, despite a clear decline in private credit growth. 

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Sat, 30 Sep 2017 00:20:04 +0000
SL to retender ex-Cairn block for development http://www.dailymirror.lk/137484/SL-to-retender-ex-Cairn-block-for-development- http://www.dailymirror.lk/137484/SL-to-retender-ex-Cairn-block-for-development- The Petroleum Resources Development Ministry has reopened the ex-Cairn M2 block in the Mannar Basin for development and commercialization through a limited tender offer under a strategic plan to expedite oil and gas exploration and development,

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Fri, 29 Sep 2017 09:54:56 +0000
Hilton Colombo reaches 30-year mark (VIDEO) http://www.dailymirror.lk/137366/Hilton-Colombo-reaches-year-mark-VIDEO- http://www.dailymirror.lk/137366/Hilton-Colombo-reaches-year-mark-VIDEO- Hilton Colombo yesterday reached the three-decade milestone in serving Sri Lanka’s tourism landscape.

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Thu, 28 Sep 2017 09:09:13 +0000
Policy rates kept steady as price pressure seen easing http://www.dailymirror.lk/137365/Policy-rates-kept-steady-as-price-pressure-seen-easing http://www.dailymirror.lk/137365/Policy-rates-kept-steady-as-price-pressure-seen-easing
Sri Lanka’s Central Bank yesterday left its key policy rates unchanged as the short-term rates eased and the pressures on medium term prices in the economy appeared less of a concern. But the credit to the private sector remained stubbornly at elevated levels.  
The 5–member 

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Wed, 27 Sep 2017 08:59:24 +0000
Abans success now a case study at Harvard Business School6 http://www.dailymirror.lk/137286/Abans-success-now-a-case-study-at-Harvard-Business-School- http://www.dailymirror.lk/137286/Abans-success-now-a-case-study-at-Harvard-Business-School- Abans Founder Chairperson Aban Pestonjee was invited to be interviewed by Prof. Geoffrey Jones, Faculty Chair of Harvard Business School’s Business History Initiative, on the topic of ‘Creating Emerging Markets’. 

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Tue, 26 Sep 2017 00:00:44 +0000
Glyphosate ban set to brew up trouble for Lankan tea exports http://www.dailymirror.lk/137220/Glyphosate-ban-set-to-brew-up-trouble-for-Lankan-tea-exports- http://www.dailymirror.lk/137220/Glyphosate-ban-set-to-brew-up-trouble-for-Lankan-tea-exports- With the ban of the weed killer glyphosate without scientific evidence, some planters have started using alternative chemicals, running the risk of Ceylon Tea exports becoming banned in overseas markets, according to Ceylon Tea Board Chairman Rohan Pethiyagoda.

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Mon, 25 Sep 2017 09:40:17 +0000