Last Updated : 17-04-2014 17:19

 
 

Business

Controversial issues surface at ‘Debacle of Finance Companies’ seminar

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A very timely seminar on the ‘Debacle of Finance Companies’ was held recently at The Kingsbury. Human Rights Commission Chairman Justice P.R.P. Perera chaired, whilst presentations were made by banker, lawyer cum accountant, Ranjith Fernando, President’s Counsel K. Kanag-Isvaran and.....

Has the bear finally left the stock market ?

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Is the Colombo Stock Exchange (CSE) finally putting aside its losing streaks? With the first month of 2014 just over, signs are surely encouraging with the All Share Price Index (ASPI) having gained around 250 points representing a YTD gain of 4.2 percent, which is good considering that we are......

Bloomberg forecast on SL slightly positive

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Bloomberg’s regular economic forecast on Sri Lanka showed a sense of relative optimism for 2014 on many indicators, though they remained below the Central Bank’s overly ambitious estimates for the ensuing years.

City hotel occupancy down in 2013

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The average city hotel occupancy rate during the year 2013 stood at 65 percent, down from 70 percent in 2012, despite an increase in tourist arrivals, Colombo City Hotels Association Chairman M. Shanthikumar said.

How will Ben Bernanke be judged by historians?

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Ben Bernanke’s eight-year term as chairperson of the United States Federal Reserve Board came to an end last week, with successor Janet Yellen taking over from February 1.

Lankan business environment main attraction for FDIs: CCC President

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Sri Lanka’s business climate stands as the island’s strongest attraction for Foreign Direct Investment (FDI), a factor which must be greatly improved on through targeted reforms, Ceylon Chamber of Commerce (CCC) Chairperson and Lion Brewery CEO, Suresh Shah said.

Financial sector consolidation progress satisfying: CB

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Satisfactory progress has been made on the consolidation of banking and non-banking sectors of the country, Central Bank in a recent statement said.

StanChart forecasts another rate cut end 1Q

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Standard Chartered Bank (StanChart) says the Central Bank is likely to further cut key policy rates if no significant improvement was recorded in private sector credit growth amid falling headline inflation.

Bringing in 8-Ps: Marketing mix redefined and remapped

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One of the most crucial decisions for a marketing function of any company is the mix of elements that will be used to achieve sales within a target market. This concept of “Marketing Mix” is a fundamental part of marketing theory. Given that marketing has a wide selection of techniques available to........

Tips on building your portfolio when investing

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Like every investor, you want to choose investments that will provide the growth and income you need to meet your financial goals. To do that, it’s important to understand yourself as an investor. That’s because a portfolio that’s right for someone else may not be best for you.

Towards resilient and stable financial institutions

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Sri Lanka’s financial sector has experienced significant developments since partial liberalization in the post-77 era. To move from a highly protected environment to a liberalized economy may have required some shock treatment such as the opening of the financial sector.

Sustaining development success in Sri Lanka

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In many ways, Sri Lanka is a development success story. Its economy has been growing steadily and this has lifted millions of people out of poverty and boosted shared prosperity. Moving higher up on the economic ladder, however, will require addressing new challenges involving bold decisions.

The female game changer in tech valley

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Some women know the art of wearing their laurels well.For Weili Dai, as the only female co-founder of a cutting-edge semiconductor company, Marvell, the laurels never came easy but she knows how to wear them well. In fact, too well.

People challenges in mergers and acquisitions

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The rapid change in the market place, due to globalization, growth in outsourcing, the need to speed up growth and the shortening of product cycles and the rapid pace of technological innovation, has forced companies to look to mergers and acquisitions (M&A) as a part of their business strategy, to meet their business goals.

Sri Lanka Tourism in 2013: The good, the bad and the ugly

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The past year was certainly a ‘mixed bag’ for Sri Lanka tourism with possibly the ‘highs’ slightly outweighing the ‘lows’.
A quick overview of the past year, albeit weighted towards the hotels sector, is as follows.

Access Engineering completes Eastern province bridge construction project

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Post-war infrastructure development in the North and East involved the construction and rehabilitation of a number of bridges and culverts along various roads.

Ceylon Cold Stores profits swell 315%

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Ceylon Cold Stores PLC profits improved by a drastic 315 percent year-on-year (YoY) to Rs.259.4 boosted by strong operating profits during the quarter ended December 31, 2013. The turnover increased by 8 percent YoY to Rs.6.30 billion while the cost of sales increased by a modest 6 percent YoY to Rs.5.48 billion, leading in turn to a gross profit of Rs.826.1 million, an increase of 24 percent YoY.

BoI nets Rotterdam-based IT company

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ISM eCommerce recently signed an agreement with the Board of Investment (BoI) for setting up a project to develop software and provide business process outsourcing (BPO) services for the export market. The total value of this investment is US $ 3 million.

Customs for facilitating legitimate trade in Sri Lanka

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January 26th was International Customs Day. The theme for this year is, “Communication: Sharing Information for Better Cooperation”. Trade facilitation measures are important means of achieving improved communication and.........

Havelock City Chairman S P Tao Donates New Temple Complex for Sama Vihara

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The reconstructed Sama Vihara Complex fronting Havelock City Project was declared open by His Excellency President Mahinda Rajapaksa amidst a distinguished gathering at a grand opening ceremony held recently. The temple was a gift from Havelock City’s Chairman, the visionary entrepreneur and leader, Mr. S P Tao.

Manager’s essential power-toolbox Taking firm grasp of diversified business firm

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Product Portfolio Analysis (PPA) is a process where managers study the profitability of the various products and services a business offers. It is designed to help optimize the allocation of resources between those products and services.

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Video: For a blessed year
Fun at Galle Face
'Blood moon'