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.
Satisfactory progress has been made on the consolidation of banking and non-banking sectors of the country, Central Bank in a recent statement said.
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.
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........
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.
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.
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.
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.
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.
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.
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 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.
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.
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.........
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.
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.
The Sri Lankan equity market experienced certain developments during the past few years and is currently poised for growth. The daily average turnover for the current year is Rs.1,132 million, while the net foreign inflow is Rs.826.6 million.
If you’ve heard of customer relationship management (CRM) and wondered why it’s so important, it’s simple. No matter what business you’re in, unless your customers are happy you won’t succeed and this is why CRM is so important - more important than sales or marketing or any other part of the company that wouldn’t survive without customers.
Samasource. Kind of sounds familiar. Sama in Sanskrit and in Sinhala means ‘all’ and that’s exactly what Samasource founder, Leila Janah, is confident it will be - giving equal opportunities for all.....
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) officially launched its small and medium Enterprise (SME) toolkit for 2014 recently.
The audit manual, which is targeted at Small and
Following are excerpts of the panel discussion held as part of the ‘Invest Sri Lanka’ Investor Forum, that concluded in Singapore this week. Ferial Ashraff, High Commissioner of Sri Lanka...........
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