Last Updated : 02-09-2014 07:06

 
 

Business

Sri Lanka’s hard infrastructure drive phasing out: IMF

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Sri Lanka’s first phase of economic development i.e. putting the hard infrastructure in place is now gradually phasing out and thus it is time authorities shift focus...

Receiving feedback with grace and dignity is an essential leadership skill

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Last week we noticed that it is essential to know yourself in order to be authentic. It is a genuine reality.

Art of proposing turned into a thriving biz - How innovative entrepreneurship is alive

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When it comes to entrepreneurship, innovation counts more than any other business element. The spirit of innovation was the launching pad for many a thriving business; from Facebook that grew as a social networking site for campus students to Google.

MTD Walkers to foray into real estate with Wincon acquisition

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Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said its board gave the approval to acquire Wincon Development Ceylon (Private) Limited (Wincon), the local unit of the Malaysian property development company, Metacorp Berhad (Metacorp), for a consideration of Rs.2.17 billion.

Seychelles gateway to Africa: Minister

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The Seychelles invited Sri Lanka t o use t heir country as a platform to dive into the virtually untapped African continent with trade and investment, at the Seychelles Trade and Investment Forum held yesterday.

USD 20 bn export target by 2020: Aiming to be mediocre

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The government has a target to increase exports to USD 20 billion by 2020 (a doubling from 2011). This target is presented as ambitious. This insight argues the opposite.  The 2020 target is rather mediocre, and it’s aiming too low. Yet, even with such a low bar, it may still be out of Sri Lanka’s reach.

Future Lankan dollar-bond issuances to attract lower yields

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The future Sri Lankan issuers will attract lower yields in the international capital markets, increasingly enabling them to tap into cheaper funds, according to a capital market expert.

Rubber products industry outlook strong despite low NR prices

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It is accepted that the future of rubber industry is tied to the global economy. The consumption of rubber worldwide during the last 10- year period had between 3.5 and 4.0 percent annually and was in line with the increase of world GDP.

BOC announces Rs.8 bn debenture issue

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The state banking giant, Bank of Ceylon (BOC) is planning to issue subordinated debentures up to Rs. 8 billion in mid-September, which is the second such debt issue within 12-months.

House of S-lon unveils the Vito range of chrome plated faucets and accessories at Construct Exhibition 2014

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S-lon Lanka Pvt Ltd, the pioneers of potable water piping systems in Sri Lanka for 57 years reached yet another milestone with the unveiling of the Vito range of chrome plated faucets and accessories by His Excellency President Mahinda Rajapakse at the Construct Exhibition 2014, Sri Lanka's largest, most prestigious and most influential Construction Industry related exhibition

IFC to invest US $ 20mn in Cargills Foods

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The International Finance Corporation (IFC), the  private sector investing arm of the World Bank, is planning to acquire an 8 percent stake in the Cargills group’s,...

Etisalat kicks off ‘Game of Tunes’ Promotion

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Etisalat Lanka recently kicked off its latest promotion ‘Game of Tunes’ launched at the Samanala Grounds, Galle to reward its loyal users of Personal Ring Back Tones (PRBT), more commonly known as Call-A-Tunes.

Becoming an authentic leader takes mental discipline

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He who knows others is wise: He who knows himself is enlightened.’ This statement by Lao- Tsu, philosopher and poet of ancient China, is a good opening point to begin this article.  Knowing ‘who you really are’, or being authentic and holding true to yourself in the most difficult moments.......

SL shifting towards premiumisation – Nielsen SL Chief

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Sri Lankan consumers are increasingly becoming more brand conscious and are shifting towards premiumisation while their choice between international and local brand consumption is also getting narrowed, according to a top executive of a global market research firm.

Sri Lanka-Vietnam trade link established in Hanoi

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The first ever Sri Lanka-Vietnam official trade mechanism went live in Hanoi this week (August 21). A six-member team led by Industry and Commerce Minister Rishad Bathiudeen is currently in Hanoi for the talks to setup this first official trade mechanism.

Amãna Bank once again extends support to SEF Scholarship Program

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Amãna Bank made a generous contribution for the second consecutive year to the Serendib Educational Foundation (SEF) in providing financial assistance and scholarships to deserving students who are capable of pursuing their studies but are unable to do so due to financial constraints.

eBay entrepreneur millionaires – How world’s largest online shopping site changing business dynamics

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Who doesn’t love eBay – where you can find just about anything and everything. You can buy designer handbags, cutting-edge electronics and vintage watches with a click on your computer and have it delivered to your door step, yes to Colombo too.

Sri Lanka’s June trade deficit contracts 35.3%

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The ongoing export push by all sectors has supported the country’s external sector to continue narrowing its trade deficit, and in the month of June, the deficit contracted by as much as 35.3 percent to US $ 454 million but slowed from the previous month.

A small community of 1600 villagers at Kallaru, Kilinochchi lead the charge on water conservation

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The symbolic inauguration of 125 rainwater harvesting structures in the drought stricken Kallaru village in Kilinochchi, could probably end up being a landmark project in these northern parts of Sri Lanka. Fluctuating rainfalls, over dependence on rains for water availability, rise of water borne diseases which result from the lack of access to safe drinking water, could be a thing of the past.

Land suitability evaluation for rubber in North and East

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As the Ministry of Plantation Industries is promoting extension of rubber growing in the dry zone, particularly in the North and East of the country, it is important to discuss the subject of land evaluation and selection for rubber.

Special board for BoI firms in two months

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A special board for the listing of the Board of Investment (BoI) firms in the Colombo Stock Exchange (CSE) will be set up within the next two months and six companies have already expressed interest in going public.

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Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win
Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win