Last Updated : 25-04-2014 02:49

 
 

Business

ComBank to start Myanmar operations soon: Chairman

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Commercial Bank PLC (Combank), Sri Lanka’s largest private sector bank yesterday expressed optimism of their foray into the fast emerging Southeast Asian nation, Myanmar before the third quarter of this year.

Responsibility grid - Integrating re-engineering with total quality

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One of the most sacred tenets of management is the need for clear accountability. As such, organisations spend enormous amounts of time and energy defining jobs, roles, and goals — and then figure out who to reward or penalize when things go well or poorly.

Are you interested in investing in an IPO?

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The Colombo Stock Exchange (CSE) witnessed an increase in Initial Public Offerings (IPOs) since the beginning of the year as a result of the incentives given by the budget for the year 2014 and the prudent measures taken by market stakeholders.

Are you trapped in a toxic career environment?

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In today’s world, filled with stress, ambition and ruthless pursuit of career goals, environments and people can turn toxic without much notice. The toxicity generated can have a deadly effect on others, especially those caught by surprise. When environments do turn toxic, it is usually due to a few or a group of......

UNHRC: Measuring consequences and implications

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Last year Verité Insights examined the trading relationship between Sri Lanka and the countries that had voted for and against the UNHRC resolution on Sri Lanka both in 2012 and 2013. The findings were important.

Wijeya Newspapers partners Wow.lk to form largest interactive classified portal

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Wijeya Newspapers Limited owned Hit Ad and Lahipita, Sri Lanka’s largest classified giants joined hands with Dialog’s wow. lk, to create the country’s largest interactive mobile and web-based classifieds portal.

CB goes public with deposit rate caps on finance companies

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The Central Bank yesterday informed the public of maximum interest rates that could be offered for deposits by finance companies, with effect from April 1, 2014.

CEAT to open Rs.600 mn radial plant in Kelaniya

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CEAT Kelani Holdings, the company that manufactures half of Sri Lanka’s tyre requirements, has announced a further commitment to the country in the form of an investment of Rs.600 million on a new tyre plant to produce highend radial tyres.

March inflation unchanged at 4.2%

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Sri Lanka’s annual inflation increased to 4.2 percent in March, unchanged from the previous month, the data released by the Census and Statistics Department showed.

Performance of global rubber in 2013 and outlook

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A recent report released (March) by the International Rubber Study Group (IRSG) indicates that the stock balance of the global natural rubber industry at the end of 2013, specifically that of the Asia Pacific region, is in a position of production exceeding that of consumption by 3,020,000 tonnes, which may be a worrying factor to....

Dialog Axiata invests further US $ 115mn to expand ICT infrastructure

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Dialog Axiata PLC, a unit of Malaysia’s Axiata Group, has recently inked a deal with Sri Lanka’s Board of Investments (BoI) to invest a further US $ 115 million, approximately Rs.15 billion, to expand Dialog’s nationwide telecommunication networks and digital satellite television services.

World oil and gas planning cycle (2014) and its fallout on Sri Lanka

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International and national oil and gas companies always assess the macro business environment and make careful assumptions or assessments of their positions in such uncertainty.

‘The Elements’ - Fairway Holdings launches its 4th Luxury Apartment Project

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Emerging from the fusion of the elements, life is born anew to fulfil the dreams of those who wish to embrace it. Pure in form and perfect in spirit, "The Elements by Fairway" is a celebration of eternal life...in perfect harmony.

Public and private cruises to be launched along country’s west coast

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Sri Lanka’s first tourist yachting company, Sail Lanka Charter (Pvt) Ltd, recently announced the launch of public and private cruises along the country’s west coast on board the company’s 48 foot sailboat, Topaz which is moored at the Beruwala Harbour.

Why first impressions (still) count

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Some people are able to make an entrance – whether socially or professionally, pleasant enough for others to notice them. First impressions count – even though some would like to believe otherwise. Making a sound first impression will always be important to whatever that we have chosen to do.

Environmental Management Systems should be strengthened in plantations

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An Environmental Management System (EMS) is a set of processes and practices that enables an organisation to reduce its environmental impacts and increase its operating efficiency.

Value addition to graphite in Sri Lanka - Graphene and green technology

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As a follow up to my article on value addition to minerals published in Mirror Business on March 11, 2014, I would like to highlight the attempts by the researchers in Sri Lanka and also various government entities in value addition to graphite in the light of ‘graphene’, the miracle substance produced with the.....

CCC hails finance sector consolidation

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Sri Lanka’s premier business chamber, the Ceylon Chamber of Commerce (CCC), yesterday endorsed the ongoing financial sector consolidation advocated by the Central Bank of Sri Lanka.

Etisalat comes on board with Dialog’s eZ Cash

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Dialog Axiata PLC, a unit of Malaysia’s Axiata group, yesterday announced that Sri Lanka’s Central Bank had granted its approval to extend Dialog’s mobile money platform eZ Cash to the country’s third largest mobile operator Etisalat Lanka (Pvt.) Ltd as well.

Hydro power and Sri Lanka’s energy challenge

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Water and energy are linked with an eternal bond. Many countries blessed with rivers and waterfalls have harnessed their inherent kinetic energy through hydro-electricity in fulfilling their energy needs. Sri Lanka is one such country.   But the rising demand for electricity and the limited generation potential of

If China sneezes, Africa can now catch a cold

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Growing links with China have supported economic growth in sub-Saharan Africa. But the burgeoning commercial and financial ties between the developing subcontinent and the world’s second-biggest economy carry risks as well. These links also expose sub-Saharan African countries to.....

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First Bay Class Patrol Vessel arrives
Video: Saying no to Casinos
Living there for a long time
Video: BBS at Rishad’s office