Last Updated : 21-08-2014 03:27

 
 

Business

Reduction in finance costs boosts Dialog’s 2Q

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A significant reduction in group finance cost pushed Dialog Axiata PLC’s (Dialog) net profit up by 69 percent during the quarter ended June 30,2014 (2Q14) to Rs. 1.60 billion from a year ago, interim results showed.

Policy makers targeting auto trade:CMTA

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Policy makers are using baseless arguments to target auto traders with successive policies, according to Ceylon Motor Traders Association Incoming Chairman Gihan Pilapitiya.

Mount Lavinia Hotel clinch Two Gold Awards at BestWeb.lk competition

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Mount Lavinia Hotel, Sri Lanka’s most celebrated colonial mansion with a history spanning over 200 years was the recent recipient of multiple awards from the prestigious national BestWeb.lk 2014 Competition.

Debt levels likely to ease further: CB Governor

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Sri Lanka’s Central Bank Governor said overall debt levels are likely to improve further after data showed the nation managed to hit the debt-to-GDP...

CEO of Jubilant Foodworks India Ajay Kaul, Talks about Domino’s Sri Lanka and the plans ahead

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“We have now been in sri lanka for the past three years it has been an outstanding journey, today we have as many as twelve restaurants in sri lanka which are mostly around greater Colombo.

What can we learn from our mistakes in running a business?

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Mistakes form an integral part of our business lives. Some would even go as far as to label the mistakes as learning experiences and rightly so too. Mistakes define our businesses and often, the roads we have chosen over the years.

Touchwood given further time on undertaking by senior counsel

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The Commercial High Court yesterday gave former Chairman/CEO of Touchwood PLC Lanka Kiwlegedara time till August 25th, to submit statement of affairs and all other documents pertaining to Touchwood PLC, upon the firm undertaking given by Counsel Nihal Fernando PC.

Nestlé Lanka records Rs.976mn net profit for 2Q

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Nestlé Lanka PLC, the local unit of Swiss-based food multinational reported a net profit of Rs.976 million for the June quarter (2Q14), up from Rs.787 million in the corresponding quarter of the previous year, the interim finance accounts released by the company showed.

Aitken Spence breaks ground for US $ 100mn resort

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President Mahinda Rajapaksa was the Chief Guest at the ground breaking ceremony of Aitken Spence Hotels’ new venture, ‘RIU Resort, Ahungalla’.

Tamil Nadu fishermen issue affecting India-SL ties

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August marks the death anniversary of the late Lakshman Kadirgamar, a remarkable Foreign Minister brutally assassinated by the LTTE.

Market buoyancy continues  

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The recent market rally which has blessed the Colombo Stock Exchange (CSE) is now more than two months old,...

Government meddling in banks destroys value

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Increasing government interference in banks destroys their value because the poor governance makes it difficult for such banks to raise capital at competitive rates, according to a top HSBC official from the Asia Pacific region.

Fashion and style sparkle at Sunsilk’s 24 hour lockdown last weekend

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Last week’s talk of the town, the 24 hour party rocked Colombo for 24 hours, from 10 am on Saturday 26th to 10am on Sunday 27th.

Brics Bank and Bretton Woods

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The Bretton Woods conference aimed to reshape the international financial system and end the protectionism that,..

Ceylon Chamber calls for inclusive growth

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At a time when Sri Lanka is all out to double its per capita income beyond US $ 7,000 by 2020,...

Digital marketing needs firm commitment: Dr. Chaffey

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World renowned digital marketing guru Dr. David Chaffey put across the finer points of the subject to leading businesses and individuals in the country at the inaugural Sri Lanka Digital Marketing Conference organized by the Synergy School of Marketing London & Colombo, recently.

Sanga Partners with Prima Stella

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Following a series of successful and innovative product developments, Prima Stella Instant Noodles re launched its favourite chicken flavor along with a vegetable sachet, targeting the entire family and guaranteed to thrill the taste buds of all noodle lovers. 

Port City to be extended up to Mount Lavinia

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The much hyped ‘Port City’ project, which will reclaim at least 252 hectares of sea in front of Galle Face,...

Sweets.lk – Take a bite on your sweet tooth

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Sweets.lk is Sri Lanka’s first and only online store specialized in sweet treats.  The site provides a wide range of sweets from various suppliers and also handles deliveries.  Sweets.lk’s mission is “ to be the one stop shop for sweets and related businesses in Sri Lanka”. While doing this the site wants to create communities of entrepreneurs and sweets lovers and make them share their ideas and comments about their passion for sweets.

Commercial Credit acquires Trade Finance & Investments

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Commercial Credit & Finance PLC has acquired the control of Trade Finance & Investment PLC, a company controlled by the Cooray family, owners of Jetwing Group.

Effective planning and execution take pain out of meetings

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One particular area of managerial activity holds the greatest promise of productivity improvement – conduct of meetings.

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