Last Updated : 23-04-2014 19:10

 
 

Business

New tax concessions for integrated resorts

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The Cabinet of Ministers of Sri Lanka once again appears to have approved investment concessions for three super luxury integrated resort projects, the recent gazette notification published showed.

The fallacy of island mentality in stock market

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The Colombo bourse’s upward trajectory which was evident in January 2014 got slightly held back in the 12 trading days, leading up to mid-February with the All Share Price Index (ASPI) losing 2.2 percent or 135 points to be precise.

How we could contribute to Knowledge Hub

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Sri Lanka in order to become a knowledge hub would require to invest big, to strengthen the existing skills base, that would however require the sort of great national leap forward we saw in 2009 to ensure we have the kind of skilled workforce needed to compete in a new, high tech industrial era.

Facebook to buy WhatsApp for U $19 billion

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Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd

Busting capital expenditure myth

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Consider this simple question: “Does the present government have a strong commitment to high levels of capital expenditure?” Today in Sri Lanka most analysts tend to answer this question with a confident “yes”.

Dialog posts Rs.1.1bn net in 4Q

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Dialog Axiata, the local unit of Malaysia’s Axiata Group said its net profit for the quarter ended December 31, 2013 (4Q13) increased to Rs.1.1 billion from Rs.927 million it reported in the same period last year.

Canon Singapore boss in town for landmark Image Square launch

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President and CEO of Canon Singapore Pte Ltd, Kensaku Konishi arrived in Sri Lanka this morning on the invitation of Metropolitan Group, Canon’s local agent for the past 35-years.

Is it time to go back to where we came from?

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Achieving food security continues to be a challenge for Sri Lanka. Increasing population, changes in lifestyles, changes in food preferences and emerging middle income class demand more production. Therefore, governments need to make sure they are self-sufficient in their staple food, in our case, it is rice.

Quirky IPOs make a splash in Hong Kong

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AFP- Nightclubs with diamante toilets, luxury cemeteries and local restaurants have made a splash during their debuts on Hong Kong’s stock exchange, proving particularly popular among “mom and pop” investors squeezed out of more mainstream openings.

Fashion Bug wins Gold for Triumph

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Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island-wide, clinched a Gold award for ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International held on 7th February at Hotel Galadari.

Process Mapping: Tool for improving standards compliance

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Process Mapping is at the heart of many continuous improvement techniques, ranging from the very simple, (e.g. Standard Operating Procedure) to the very complex, (e.g. Six Sigma) Process Mapping is founded on the premise that if you create a picture or a map of a process, it will be much easier to understand it.

What should investors know about IPOs?

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The year 2014 is expected to be a promising year for the Sri Lankan equity market. The All Share Price Index has witnessed a growth of nearly 5 percent within one month. Further on, analysts predict an increase in market activities especially in the primary market as a result of the expected increase in Initial Public Offerings (IPOs).

We can become a breakout nation: CA Sri Lanka chief

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Following is the inaugural speech by Arjuna Herath as President of the Institute of Chartered Accountants of Sri Lanka, delivered at the 22nd President’s Induction ceremony of the Institute held at Cinnamon Grand Colombo.

Making use of technology for entrepreneurship

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They are young women of a generation that grew up with the Internet, software and lap tops. They seek solutions in technology and believe in the power of technology that can be harnessed to produce great many things. They belong to a new generation of entrepreneurs whose very existence is dependent on technology.

Pathfinder Economic Alert SL’s development prospects: How to overcome emerging HR bottleneck

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Sri Lanka has potentially extremely favourable medium-term prospects. In addition, macroeconomic conditions are likely to be more benign in the short term with 2014 being better than last year, provided the US Federal Reserve’s tapering programme does not cause severe turbulence in emerging and frontier markets.

Fertilizer shortage crippling plantation industry: PA

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The Planter’s Association of Ceylon (PA) has warned of an acute shortage of fertilizer which will have a detrimental effect on the plantation industry.
The PA whose mandate is to promote, foster and protect the plantation industry of Sri Lanka has sounded the alarm and appealed to all stakeholders to......

Altair awards construction contract to Shapoorji Pallonji

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The US$ 3 billion construction company, Shapoorji Pallonji has been appointed the main contractor for Sri Lanka’s Altair residential twin tower in Colombo.

Hayleys Q3 profits plunge

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Hayleys PLC posted a profit of Rs. 338.6 million during the quarter ended 31st December 2013, down sharply from the previous Rs. 662.4 million.

Forest attraction: Can Sri Lanka use ecotourism for sustainable forest management?

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Tucked away amidst a tea plantation and bordering the Deniyaya side of the Sinharaja rainforest is a unique ecotourism venture that could hold valuable lessons on the future of forest-based ecotourism in Sri Lanka.

Placing guests at the heart of safety

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When one purchases a high-priced item, it is natural and reasonable to expect a high-quality of performance. For most people, cars and holidays count as the two highest priced items of regular expenditure. People save money to take their annual holiday and also put aside money to be able to purchase a newer car.

GDP growth and income disparities

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There is a controversy with regard to the alleged upward revision of the growth rate of quarterly GDP by 0.5 per cent from 5.5 per cent to 6.0 per cent.
This has created some doubt in the public mind as to the accuracy and reliability of estimates of National Accounts.

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