Last Updated : 02-09-2014 03:14

 
 

Business

AMW introduces Nissan Patrol’s ‘Hero of All Terrain’

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Associated Motorways (Private) Limited unveiled the Nissan Patrol Y62 model at an event held at Tintagel Colombo today amidst a gathering of VIP guests, the management of AMW, members of the media and well wishers.

Southern unrest shatters middle east tourist confidence

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The recent unfortunate incidents that erupted in Aluthgama and Beruwala areas will have an adverse impact on the country’s tourism sector in the backdrop of Middle East being the fourth largest inbound tourist market for Sri Lanka, according to tourism industry stakeholders.

York Street Partners takes global titles at Harvard’s New Venture Competition

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York Street Partners (Pvt) Ltd, a Sri Lanka-based boutique investment banking and advisory firm, took first place in both the “most innovative” and “greatest impact” categories of Harvard Business School’s 2014 Alumni New Venture Competition.

Tea board appoints popular tea personality as ambassador

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The Sri Lanka Tea Board has appointed Mike Bunston OBE, an eminent personality in the international tea trade with over 56 years of experience as Honorary Te a Ambassador for Sri Lanka in the United Kingdom.

Policy rates unchanged; April credit growth at 3.3%

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The Monetary Board of the Central Bank yesterday decided to maintain the policy rates unchanged for the month of June despite the private sector credit growing at a slower pace of 3.3 percent in April, compared to 4.3 percent in March.

Auto importers cry foul at new valuation method on imported vehicles

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The Ceylon Motor Traders’ Association (CMTA), an industry body consisting of automotive franchise holders, cried foul at the recently implemented valuation method on imported vehicles and urged the authorities to immediately withdraw the new method.

Sri Lanka can be integral part of Asian transformation: ADB Chief

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Following is the speech by Asian Development Bank (ADB) President Takehiko Nakao themed “Chance of Sri Lanka  to Be the Next Asian Miracle”, delivered at the Academy of Financial Studies (AFS) conference in Colombo recently.

Policy rates unchanged; April credit growth at 3.3%

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The Monetary Board of the Central Bank yesterday decided to maintain the policy rates unchanged for the month of June despite the private sector credit growing at a slower pace of 3.3 percent in April, compared to 4.3 percent in March.

Will your new hotel pass the ‘crash test’?

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Most people think that money alone is enough to ‘start’ a hotel. They fail to realise that they need more than that. Unsurprisingly, the ‘ending’ often turns out to be disappointing and an unhappy one at that! Such people may have a subjective, emotional or personal reason...

Can smartphones be used to increase productivity?

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Smartphones, a common tool that many of us use not only for phone calls but also for various activities like surfing the Internet, listening to music and watching movies perhaps. Today, the world is in your fingertips due to the smartphone technology.

Global warming continues to be a serious global issue

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Global warming has become perhaps the most complicated issue facing world leaders. Warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing buildup of human-related greenhouse gases.....

Economic transition presents insurance players opportunity

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The period of transition Sri Lanka’s economy is currently in where low interest rates and single digit inflation is factoring in, presents the country’s insurance industry immense opportunity to grow their business and introduce new products, Central Bank Governor Ajith Nivard Cabraal said.

Nawaloka : the proven centre for dengue management

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A series of awareness  programmes and a nationwide campaign is being conducted through the electronic and print media to educate the public regarding the killer disease called “dengue”.

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.

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