Sri Lanka’s mobile services operator Dialog Axiata PLC added two Android-based Dialog smartphones to its existing portfolio, increasing the options available for those seeking affordable smartphones, while widening the portals of accessibility to mobile Internet usage to a wider representation of Sri Lankans.
Amidst calls by various quarters to hold on to the current monetary policy stance due to possible inflationary fears, the Central Bank (CB) surprisingly cut its key policy rates by 50 basis points (bps) yesterday.
IPS LAUNCHES ‘STATE OF THE ECONOMY 2013’ TODAY Sri Lanka braces for new challenges amid economic transition
The Institute of Policy Studies of Sri Lanka (IPS), apex think tank on socio-economic policy issues has been publishing the State of the Economy report since 1992 with a complementary theme selected each year.
Extreme floods and storms are becoming more frequent: Their incidence rose five fold globally in the last decade compared with the 1970s. Asia is at the sharp end of this trend, which has alarming consequences for human welfare and enormous implications for policy makers.
Amendments to Sri Lanka’s electricity tariff structure and labour laws are being sought by Sri Lankan apparel exporters in order to facilitate apparel manufacture by lowering cost of production.
Touchwood Investments PLC yesterday undertook in courts to repay all matured contracts within a period not exceeding eight months in three instalments, according to the lawyers appeared for the company.
Both the Securities and Exchange Commission (SEC) and Colombo Stock Exchange (CSE) are currently working on a project to lure the Board of Investment (BoI) companies into the stock market in a bid to increase the number of listings and market liquidity, according to a top capital market official.
Tourist arrivals to Sri Lanka in the month of September rose 26.2 percent from a year ago to 89 761, Sri Lanka Tourism Development Authority statistics showed. During the first nine months of 2013, the arrivals rose 15.5 percent Year-on-Year (YoY) to 801, 210.
Labour shortages as a result of Sri Lanka’s anticipated transition into a middle-income country status will be the next major challenge for the country’s apparel and manufacturing sectors, according to Central Bank of Sri Lanka (CBSL) Governor, Ajith Nivard Cabraal.
From crisis to sustenance : You need more than setting your marketing objectives to maximize your profits
Developing and implementing a marketing plan is not enough to reach marketing objectives. Marketing plans and strategies are required to be monitored, evaluated and adapted to meet the changing market environment, needs and opportunities. Marketing control ensures performance improvement by minimizing
We tend to think of ‘risk’ in predominantly negative terms, as something to be avoided or a threat that we hope won’t materialize. However, in the investment world, risk is inseparable from performance and rather than being desirable or undesirable, risk is simply necessary.
This week, another 10 workers in Bangladesh lost their lives in a deadly fire at a garment factory, another in a series of incident ranging from building collapses to fires that have claimed over 1,500 lives in the past year alone. This has brought new attention to working conditions in the garment industry in Bangladesh and has got everyone from policymakers and industrialists to human rights organisations and Western clothing brands very concerned.
There was such a wonderful response from many readers to last week’s column and so much interest generated in passing on good values to the next generation that I thought it would be good to touch on a related topic.
The Central Bank has appointed The Hongkong and Shanghai Banking Corporation Limited – Colombo Branch Office (HSBC) of 24, Sir Baron Jayatilaka Mawatha, Colombo 01 as a primary dealer in government securities.
Finance companies, supposedly the most penalised sector by the recent penal rate cut charged on default loans, have written to the Central Bank (CB) requesting to reconsider the new rule, Mirror Business learns.
Sri Lanka plans to strike a sales agreement with Cairn India within this year and hopes to join the natural gas producing nations club by 2017-2018, according to the head of Sri Lanka’s state-run petroleum exploration unit.
Amãna Bank opened its doors in the gem capital of Sri Lanka, taking its unique model of banking services to the residents of Ratnapura. The 24th branch of the bank is situated at 131-133, Main Street, Ratnapura and is the 10th branch opened by the bank during this year.
Sri Lanka’s stockbrokers have written to the Colombo Stock Exchange (CSE) requesting a hike in the brokerage fees citing financial hardships they are currently undergoing amid relatively low market turnover levels, Mirror Business learns.
If you lose your hotel key or key card, most hotels are reluctant to hand you a new one without some proof of who you are. If you called to find out which room your sister is staying, no hotel should disclose this either, even if you are family.
The Intergovernmental Panel on Climate Change (IPCC) was established in 1988 by the World Meteorological Organization (WMO) and the UN Environment Programme (UNEP) for the purpose of assessing scientific....
At this moment, more than a billion people live on less than US $ 1.25 a day. That is a stain on our moral conscience. We must help lift people out of poverty without delay, without prejudice, no matter the circumstance, no matter the locale.
Page 7 of 98