Business

We learnt in the previous instalments that value innovation occurs whenever companies align innovation with utility, price and cost benefits for customers. Companies that achieve value innovation pursue differentiation and low cost simultaneously.

Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week’s BRICS summit of the world’s five emerging powers, Trade and Industry Minister Fernando Pimentel said.

The Securities and Exchange Commission (SEC) has been unable to submit any substantial information to the Committee on Public Enterprises (COPE) with regard to the investigations on market misconduct, during the meeting held last week, a COPE member stated.

The shortage of medical professionals in Sri Lanka remains a major constraint for the private sector in exploiting the growing demand for private healthcare, a survey revealed.

The Treasury has blatantly and repeatedly violated section 89 of the Monetary Law Act over the last decade, failing to settle the loans temporary obtained from the Central Bank (CB), an Opposition Party legislator alleged.

Country’s sole power regulator has so far received around hundred responses from the public with regard to the call for written submissions on the proposed electricity tariff revision, likely to come in to effect by end of April.

Exports of Sri Lankan Tea dipped by 2.97 percent Year-on-Year (YoY) between January and February of this year to 43.9 million kilograms (kg) according to data analyzed by Ceylon Tea Brokers PLC.

China has grown into a dynamic powerhouse of business. Among the men, there are women...

The Independent Power Producers (IPPs) engaged in thermal power generation using furnace oil and diesel in Sri Lanka are likely to suffer a severe blow with the authorities resorting not to renew the power purchase agreements (PPAs) entered into with them.

At the recently concluded Architects Exhibition, JAT won the award for the Most Innovative and Informative stall, proving that they are the forerunners in the market for timber coatings. This was the first time an award was awarded for this category.

Colombo will regain its reputation as the garden city of the East through the government’s on-going urban renewal projects, according to Secretary to the Ministry of Defence and Urban Development, Gotabaya Rajapaksa.

Trincomalee is also known as Gokkana (Pali) and Tirukonamalai (Tamil). The city is built on a peninsula which divides the inner and outer harbour. It was a major maritime and trading post since the 11th century under the control of Sri Lankan kings.

The latest LMD/Nielsen Business Confidence Survey shows that the percentage of people concerned about the economy more than doubled in 4th quarter 2012. The proportion of people indicating that the economy was their biggest or second biggest concern increased from 22% to 46 %.

Despite recent efforts to tackle software piracy, Mirror Business learns that the unauthorized use of software by Sri Lankans has been shockingly high at 84 percent in 2012, implying that 84 out of 100 Lankans ran their computers on pirated software.

Hemas Hospitals Private Limited, the fully owned subsidiary of Hemas Holding PLC sending a strong signal to sector rivals yesterday revealed plans to construct its next hospital in Ratmalana, taking into account the area’s growing middle class. This will take the total number of Hemas hospitals to four.

Sri Lankan stocks edged up for the fourth straight session yesterday to a near fourweek high on foreign buying in blue chips like market heavyweight John Keells Holdings.

The Rs.6 billion listed debenture issue by People’s Leasing & Finance PLC (PLC), a unit of state-owned People’s Bank was oversubscribed yesterday—the opening day of the issue

Arrangements are being made to open the 26 kilometre-long Katunayake - Kelaniya Expressway, built at a cost of US$ 291 million, this August.

Sri Lankan stocks rose for a third straight session yesterday to a near one-month high as investors picked up bank shares, but turnover was low as many investors stayed away because of rising interest rates.

Increased international trade in food has resulted in consumers benefitting from access to food at lower prices, year-round supplies, and a greater quality and variety of food.