Last Updated : 23-07-2014 10:37

 
 

Business

SL gets US $ 300mn ADB loan for clean energy

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The Asian Development Bank (ADB) today has approved a US $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and cut its reliance on costly petroleum oil for electricity generation

Why do some countries prosper and others don’t?

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Many years ago, as primary students, we were taught that most rich countries were in the North of the globe and most poor countries are in the South, but later on we learnt that it was not geography that causes wealth or poverty. After all, Australia and New Zealand are part of the...........

July policy rates on hold

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Despite low credit growth, the Central Bank yesterday decided to keep its key policy rates unchanged for the sixth straight month as the Monetary Board deemed that the current rate regime is quite appropriate with the country’s growth and the inflation direction.

Domino’s Pizza Mania for All Those Little Celebrations

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Domino’s Pizza, who introduced the 30 minute delivery guarantee to Sri Lankan consumers and the world leader in Pizza Delivery, is proud to launch “Pizza Mania” - a range of delicious mouth-watering pizzas to all pizza lovers to celebrate even the little joys in life in a big way.

Swiss Chef to enhance the Upcoming Swiss Food Festival at MLH

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Swiss people love good food, music and wine. Savoring the world famous Swiss cheeses is considered an everlasting memory. The Mount Lavinia Hotel is promoting “A Taste of Switzerland” for the second consecutive year, backed by their main sponsor Baurs.

HSBC credit card deals now on zMessenger’s Bigbon app

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HSBC has become the newest partner to be featured on ‘Bigbon’, a unique smartphone app by zMessenger that helps users find the best deals and offers to suit their need.

Samarasiri appointed Deputy Governor

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The Monetary Board, with the concurrence of the President and Minister of Finance, has appointed P. Samarasiri as a Deputy Governor of the Central Bank, with effect from June 1, 2014.

Trade gap narrows further in May

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Sri Lanka's trade deficit narrowed 47.9 percent year-on-year (yoy) in May to US $ 393.4 million amid improved export earnings and lower imports, the data released by the Central Bank showed

Building a successful work team isn’t rocket science

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Teams have become an essential feature in most organisations. The language of management now comfortably includes teams, teamwork and team building. However, this does not mean that we are yet much clearer about the process of bringing a group of people together and creating a level of.....

Stock market at your fingertips

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One of the advantages of having an advisor was, ostensibly, to have someone who could give required information on your investments to put it into a comprehensible form. The problem with this is that it assumes the broker will be effective at condensing and conveying complex information and.......

BoC in talks with Treasury for Rs.10bn cash infusion: sources

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State banking giant, Bank of Ceylon (BoC), is currently in talks with the Finance Ministry to obtain a Rs.10 billion cash infusion as early as the third quarter of this year, to improve its capital adequacy levels, sources revealed.

apparel label giant to set up Joint venture

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Royal Pac Printcare Lanka (Private) Limited has signed an agreement with the Board of Investment (BOI) to establish an operation for the manufacture of apparel labels and packaging material for Sri Lanka’s apparel industry.

Mobitel unveils the new Samsung Galaxy Tab S for the first time in Sri Lanka

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The National Mobile Service Provider, Mobitel partnered with Samsung to provide customers a special opportunity to experience the Samsung Galaxy Tab S, which was introduced for the first time in Sri Lanka.

A woman who heads a company that employs women and has women as market

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Kay Krill heads a unique company. As the CEO of Ann Inc., she overlooks a staff of 20,000 women who work under her, creating clothes for women. Ann Taylor is a US-based upmarket chain of clothes that targets women who want to dress well and look good.

Monetary policy might be tightened early next year: HSBC

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The cycle of monetary easing in Sri Lanka will soon end and the country will start to see its monetary policy being tightened as early as from 2015, a global banking giant said in a recent report.

IMF external liquidity support still a possibility: S&P

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External liquidity support is still very much a possibility for Sri Lanka from the International Monetary Fund (IMF) or from any other bilateral lender if such a requirement arises, according to a US-based credit rating agency.

Taprobane buys 9 percent of PABC

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High net worth investor Ajith Devasurendra led Tabrobane Holdings yesterday bought a 9.1 percent stake in Pan Asia Banking Corporation PLC (PABC), of which business leader Dhammika Perera is the main shareholder

Fems, the only sanitary napkin in Sri Lanka to receive SLS Certification

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The role of the progressive Sri Lankan woman of today, has significantly transformed, to become more demanding of an active, multi-tasking lifestyle.

First United Nations Environment Assembly of UNEP

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The first United Nations Environment Assembly (UNEA) of the United Nations Environment Programme (UNEP) was held at the UNEP Headquarters, Nairobi, Kenya from June 23 – 27, 2014.

Unit trust funds grow 75% in 2013

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Sri Lanka’s unit trust industry grew 75 percent in 2013 to Rs.54.3 billion but the number of unit holders have increased by a mere 6 percent to just under 30,000 investors, in a country with a 20 million population, according to the capital market regulator, the Securities and Exchange Commission (SEC).

ASPI crosses 6, 500 point mark

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The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) today crossed the 6,500 point mark, at the close of trading, for the first time since October 2011.

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Army Commander chats with former commanders
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Army Commander chats with former commanders
Workshop on National Alcohol Policy
Rare fish caught in fishing net
Arrest the predator