Last Updated : 24-07-2014 17:29

 
 

Business

SL apparel industry in a global context and future fortunes

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The Sri Lankan apparel trade today is well renowned around the world to be the most cutting-edge and innovative when it comes to apparel manufacturing.

Skills and competencies CEOs must possess

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Generally, CEOs in Sri Lanka are selected based on their branch of learning and because they know how to meet customer demands, by building disciplined operational skills through understanding systems, and by ensuring financial rigor through implementing financial controls.

Hemas exiting power business?

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Market speculation is rife that Sri Lanka’s diversified Hemas PLC may exit from power business or trim its exposure to the sector in order to focus more on its core businesses, FMCG and pharmaceuticals, while aggressively expanding its leisure sector operations, Mirror Business learns.

Lassana Flora celebrates 16 years of touching lives in every occasion

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Lassana Flora, Sri Lanka’s premier florist would bloom brighter as it celebrates its 16th anniversary by giving away 16,000 free gift vouchers worth a staggering Rs. 16 million, to all customers in celebration of its excellent track record of successfully spreading happiness for over a decade and a half.

Involving employees – Making best use of wisdom of teams

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Smart organisations involve their employees in running the business. The idea that staff turn up for work, hang their brains up near the front door, do a day’s work and then pick their brains up on the way out, was abandoned long ago by most organisations.

Stock-picking strategies

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Here is a breakdown of some of the numbers value investors use as rough guides for picking stocks. Keep in mind that these are guidelines, not hard-and-fast rules:

Rubber production falters; Minister calls for crisis forum

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Sri Lanka’s Plantation Minister Mahinda Samarasinghe has called for a special stakeholder forum to discuss the present crisis situation faced by the country’s rubber sector originating from lower demand at the international market place.

Asian shares mixed, China data provides lift

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Asian markets were mixed yesterday, following a Wall Street sell-off, as oil prices hit a nine-month high on concerns about the growing crisis in Iraq but Hong Kong and Shanghai reversed morning losses following upbeat Chinese data.

Is entrepreneurship recognized and rewarded in Sri Lanka?

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There’s something about innovation and entrepreneurship that goes hand-in-hand. While inventions on their own are fine, if they are not tied to fulfilling a practical need, the invention is likely to lie idle. In Sri Lanka, we see many inventors whose stories hit media often.

Sideways move continues with strong foreign buying

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Foreign money seems to be flowing into the Colombo Stock Exchange (CSE) listed equities with Rs.3.1 billion worth of shares been bought by overseas investors month to-date in June, while the net foreign purchases thus far for the month was Rs. 2.6 billion.

Proposed Holcim-Lafarge merger: Holcim CEO sees no impact on Lankan operations

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The proposed merger between cement majors Holcim and Lafarge is unlikely to have any negative implication on Holcim’s Sri Lankan operations, as the country remains a “strategic market”, a top Holcim official said.

Aitken Spence in US $ 25mn Indian hotel acquisition

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Leading leisure sector operator Aitken Spence PLC said it purchased a brand-new five-star hotel with 143 rooms in Chennai for a consideration of US $ 25 million. The acquisition has been carried out through Aitken Spence Hotel Managements (South India) Private Limited.

Leading Sri Lankan mobile operators launch GSMA mobile connect trial

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The GSMA today announced that leading Sri Lankan operators Dialog Axiata and Mobitel will launch a beta trial of the GSMA Mobile Connect service that will allow consumers to conveniently, securely and consistently access a wide array of digital services by using their smartphones and feature phones as devices for authentication.

Problem with plantations

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“Plantations are not forests” is a phrase that has been around for many years, but that does not mean that tree plantations are neither good nor bad in them. The benefits or threats of plantations depend on their scale, their objective, the trees planted and the natural and..........

New tank farm, bunkering terminal facilities to open at H’tota port

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The new tank farm complex and the bunkering terminal of the Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) in Hambantota is set to be opened on June 22 by President Mahinda Rjapaksa, a media statement by the Sri Lanka Ports Authority (SLPA) said.

CEAT Kelani opens high-tech radial plant

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A milestone was achieved yesterday in the manufacture of tyres in Sri Lanka with the official inauguration of a new hi-tech production facility for radial tyres for passenger cars and Sports Utility Vehicles (SUVs) at CEAT Kelani Holdings, the country’s leading tyre maker.

Tourism sector hit by marketing, resource snags

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Some core challenges continue to pose threats to the future viability of Sri Lanka’s tourism industry despite positive changes which have brought new opportunities, head of a leading leisure group said.

The Spirit and Charm of the Galle Face Hotel

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The Bard of Avon once wrote that “A rose by any other name would smell as sweet”. The Galle Face Hotel for almost a century and a half has been known by many names.

Implications of Modi’s victory for Indo-Sri Lanka relations

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The outcome of LokSabha (lower house of the Indian Parliament) elections on May 16th was unexpected and unprecedented over the last three decades.The outcome of LokSabha (lower house of the Indian Parliament) elections on May 16th was unexpected and......

Middle East investors see SL ‘fertile’ for entry: MTI

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The Middle East investors, particularly in the six Gulf States, are increasingly positive about entering and investing into Sri Lanka, according to MTI’s ‘Market Pulse’.

Hutch & Janashakthi brings Accident & Life Cover for as low as Rs.50 per month

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Hutch is pleased to announce it has entered in to a partnership with the leading Sri Lankan insurer Janashakthi Insurance to provide more affordable and convenient insurance cover for their subscribers for as low as Rs. 50/- a month

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Train tragedy for coffin
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