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BusinessNew SEC Act for Cabinet approval next month
.jpg) The new Securities and Exchange Commission (SEC) Act is now finalized and the SEC Commission will formally approve the amendments proposed within two weeks before it will be sent for Cabinet approval next month, the SEC Chairman said.Read more... Add new comment
JKH to sign US $ 640mn hotel deal next week
.jpg) Sri Lanka’s top conglomerate, John Keells Holdings (JKH), will sign a US $ 640 million deal to establish an integrated hotel complex in the capital of Colombo, three sources told Reuters yesterday.Dinesh to launch 4th Vol. of ‘In the Best Interest of My Country’ on July 3
 Dinesh Weerakkody will launch his fourth volume titled ‘In the Best Interest of my Country’ on July 3, at the Institute of Chartered Accountants of Sri Lanka.Doubling hotel room capacity by 2016
 The bulldozers are working and a construction crane is being erected on that vacant lot you pass each day going to and from home. The sign on the fence states that a new 150 room 3-star hotel is being built with a planned opening date of mid -2014.
T-bill yields steady
 Treasury bill yields remained steady at today’s T-bill auction held to reissue Rs.12 billion maturing bills, despite 3-month bill yields edging down by one basis point to 8.66 percentTrade agreements that don’t deliver the goods
.jpg) A previous Verité Insight found that bi-lateral and regional trade agreements were proliferating, especially in Asia, but Sri Lanka was missing out. Despite once being a regional pioneer in trade agreements, Sri Lanka has not signed a major agreement in almost seven years.
Chinese investor to fund ‘Port City’
NDB secures US $ 24 million IFC loan
 IFC, the private sector investment arm of the World Bank Group has extended a US $ 24 million tenor loan to National Development Bank (NDB), the bank said in a statement.Developing knowledge management systems in plantations
.jpg) A rapid development in information technology (IT) has enabled firms in manufacturing, agro-based and food-based industries improve their knowledge management systems (KMS) initiatives to produce more value-added products.
Collaborating with India to forecast it right!
.jpg) In my previous article in Mirror Business on June 11, 2013, the activities of the Indian Ministry of Earth Sciences (MoES) were summarized and also highlighted the lack of coordination within ministries and related government institutions in Sri Lanka, related to weather forecasting and disaster management.
Economy grows 6% in 1Q
 Sri Lanka's economy grew 6 percent in the first quarter of 2013 vis-à-vis 6.3 percent growth the country recorded in the previous three months, the 2013 first quarter GDP data released by Census and Statistics Department short while ago showed.
May tourists arrivals up 21.8%
 Tourist arrivals to Sri Lanka in the month of May rose 21.8 percent to 70, 026 compared with the same period of the previous year, the data released yesterday by the Sri Lanka Tourism showedDo you want to be a smart investor?
.jpg){kind=logo} During the past few weeks our readers were educated on the performance of the Colombo stock market by emphasizing on the untapped opportunities it offers to investors. Further on, we have disseminated guidelines on the requirements in entering the market, investing and managing one’s portfolio.
From crisis to sustenance : Leadership is everyone’s business: Creating a leadership commitment
.jpg) Leadership doesn’t just happen. Leaders are made, not born. Leadership is a set of skills and abilities that anyone can learn. Those skills can be strengthened, honed and enhanced.
The changing face at the top
.jpg) Globally, in the last two years, women have made great strides in closing the gap for C-suite jobs. In fact, women now are better educated than ever, are stepping into high profile roles and are also outnumbering men as the primary breadwinners in their households.
Exchange relaxation to boost apartment sales
 Leading property developers welcomed last week’s exchange controls relaxations by the Central Bank, which permitted the repatriation of capital and capital gains from the sale of residential properties by non- residents.Bajaj upgrades 3-wheeler models, to phase out existing range
 Three-wheeler major Bajaj Auto unveiled its new re-compact passenger vehicles in the petrol, CNG and LPG variants, which aim to replace the company’s existing range.Rupee movement no cause for concern: CB Governor
 The fall in Sri Lanka’s rupee currency is no cause for concern as foreign investors have been changing their positions rather than pulling out of the island nation’s bond market, Central Bank Governor Ajith Nivard Cabraal said.SME lending: Private sector banks account for lion’s share
 Sri Lanka’s private commercial banks have significantly surpassed state-owned banks in funding Small and Medium Enterprises (SMEs) in 2012, a stark contrast to the situation in 2011, the latest annual report of the Ministry of Finance and Planning showed.Sri Lanka among top investment - conducive countries: Basil
 Sri Lanka has become one of the best countries for Investment since it can now boasts of a peaceful environment and a strong political stabilization after the cessation of hostilities which prevailed for over 30 years, a top cabinet minister said.CB may take further measures to lower lending rates
 The Central Bank could take more steps to reduce high lending rates if commercial banks do not fall in line with monetary policy rate cuts, a top Central Bank official said yesterday..Page 1 of 78 |
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A Chinese investor has secured the deal to create the proposed 500 acre ‘Port City’ on reclaimed land on the sea off the Galle Face Green, of which the first stage is believed to cost US $ 700 million, a top Ports Authority official confirmed.
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