Business

During the first three weeks of July the All Share Price Index (ASPI) has continuously gained increasing by 343 points with one single day been the exception in which the index lost just 20 points.

After years of stagnation, Sri Lanka for the first time will open up its derivatives market particularly for foreign exchange, before the end of this year, according to a top official of the Sri Lanka Forex Association (SLFA).

Recently someone contacted me to find out if I knew of anyone who could be recommended to    manage their hotel.
Apparently, the owners had looked at several candidates and found none to be a suitable fit.

As in many other instances, the country’s two most prominent official economic institutions—the Treasury and the Central Bank recently gave two different per capita income targets to be achieved in 2020, leaving the public to wonder which one is the correct figure. 

Richard Pieris group finance arm, Richard Pieris Arpico Finance Limited (Arpico Finance) yesterday announced the setting up of charging centres at all Arpico Super Centre outlets, starting August 2014, to cater the growing number of electric cars on local roads.

The Department of Registrar of Companies has completed its transition towards the age of information technology and is finally operating for more than a pittance, according to Minister of Industry and Commerce Rishard Bathiudeen’s address to the parliament on July 11.

The world’s largest submarine sandwich chain, Subway officially opened its first store in Sri Lanka yesterday and announced they would provide the opportunity for local entrepreneurs to open outlets under the franchise to rapidly grow its chain of stores throughout the country.

Children of today are very intelligent and smart, and they become individuals from a very early age, with aspirations of who they want to become, what they want to do, and where they want to go. Therefore it is very important that we teach them about how to interact and live in this world from a very young age.

Global activity in the 1st quarter strengthened and was expected to improve further, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies.

Sarvodaya-owned licensed finance company, Deshodaya Development Finance Company Limited (DDFC) said yesterday that they would acquire 75 percent stake of George Steuart Finance PLC (GSF) controlled by the high net worth investor Dilith Jayaweera for a consideration of Rs.375 million.

The year 2014 is a promising year for the Colombo Stock Exchange (CSE). The CSE has recorded a year-on-year (YoY) growth of 14 percent in the broad market index while the S&P SL 20 Index has experienced a growth of 15 percent in the current year.

J. Richard Hackman (1940-2013), a professor of social and organisational psychology at Harvard observed: “The more common reason for sub-standard work group performance is that managers make serious mistakes in designing, supporting and leading teams.

Private sector pharmaceutical importers are crying foul over the Custom’s directive issued in consultation with Cosmetics, Devices & Drugs Regulatory Authority (CDDRA), that makes compulsory to import pharmaceutical items in refrigerated containers, to maintain the required temperature.

findmyfare.com, Sri Lanka’s largest online travel company recently upgraded its Customer Relationship Management (CRM) system to offer a comprehensive service and better engage with their customer base.

In 2013, most recipient countries of FDI in South Asia experienced a significant decline in green field projects except for Sri Lanka. In that, the total announced green-field investments in South Asia, declined by a strong 38 percent-except for Sri Lanka where the investments remained at a..........

Very often, when discussing tourism and its performance, the focus is on occupancy and room rates. Certainly, these two indices are the most important aspects to monitor the tourism and hospitality sector, which give a good indication of how the industry is performing.

It starts often as you hit mid-life. The glittering promotion. The dynamic career. The corner room office. It doesn’t sparkle like it used to – priorities have changed. Children are growing up and they need your time. You honestly prefer a good night’s rest to drinks out with the office crowd on Friday nights.

Good governance activist Chandra Jayaratne in an open letter to the Securities and Exchange Commission (SEC) has inquired about the laws pertaining to anticompetitive practices originating from mergers and acquisitions in the country’s capital market.

The Board of Investment of Sri Lanka recently engaged in investment promotion at an important event held in Tel Aviv, Israel.

The Colombo Centenary International Scout Jamboree will be held in Sri Lanka from August 1-7 at the Ygro Camp site in Madampe.