Last Updated : 21-08-2014 11:35

 
 

Business

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.

CB approves 19 merger proposals

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During the first seven months of the year, Central Bank’s monetary board has principally approved as much as 19 consolidation proposals,...

Geographical Indication for Ceylon cinnamon soon

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In response to a longstanding cry by the spices and allied exporters, action is now underway to obtain the Geographical Indication (GI) for Ceylon cinnamon and other allied products of which the geographical origin and its possessed qualities will be identified with a unique sign in the international market place.

Asian stocks slip after major US sell-off

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Asian markets ended their recent rally yesterday after the Dow posted its biggest single sell-off since February on weak eurozone data and as news of Argentina’s debt default shook the market.

SEC Licenses First Dollar Fund in Sri Lanka

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Ceylon Asset Management launches ‘Ceylon Dollar Bond Fund’ to attract foreign investments into Sri Lanka dollar bonds. In a giant step to internationalize the investment industry in Sri Lanka, which has thus far been restricted to rupee investments, the Securities & Exchange Commission (SEC) licensed the country’s first ever dollar denominated unit trust with the approval of Central Bank and Ministry of Finance.

Why mentoring matters

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It is often said that behind every successful career woman (or man, if it is grammatically correct) is a mentor.

Court orders Touchwood to submit documents by August 7

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The Commercial High Court yesterday ordered former Touchwood PLC Chairman/CEO Lanka...

Is blocking websites making telecom share prices vulnerable?

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Significant concerns have been raised over Sri Lankan Internet service providers (ISPs) blocking news-related websites. Currently, there are two ISPs listed in the Colombo Stock Exchange.

Watch inflation and get ready for rate adjustment: IMF

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The International Monetary Fund (IMF) urged the authorities to closely watch the inflation and get ready for a rate hike as the long lag between the monetary policy actions and their effects in Sri Lanka could push the inflation up.

Further easing no healer for dismal credit growth: StanChart

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Further easing of the monetary policy may not solve the problem of extremely low private credit growth, which fell to more than a four-and-a-half-year low of 2.2 percent in May 2014, compared with 3.3 percent a month earlier, according to Standard Chartered Bank (StanChart).

Sri Lanka’s external vulnerability still high, but improving: Moody’s

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Sri Lanka’s short-term debt obligations against its official reserves - a measure of the country’s external sector vulnerability - still remains elevated but the United States-based rating agency said it was.......

Making effective Time Management your organization’s top priority

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In today’s climate of corporate down-sizing, professionals find themselves taking on more and more responsibilities. This work gives readers a creative alternative to working harder over longer hours.

Understanding technical jargon in equity research reports

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The article published last week addressed the responsibilities of investors. We discussed the benefits of working with your investment advisor and familiarizing yourselves on the performance of the company.

SEC asks brokers, margin providers to cut lending rates

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Market regulator, Securities and Exchange Commission (SEC) has asked stockbrokers to reduce interest rates charged on broker credit and margin trading in line with policy interest rates of the Central Bank.

IMF cuts 2014 global growth forecast, sees rising risks

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The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China.

Singer appointed exclusive distributor for Sony Mobiles

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The latest premium flagship waterproof smartphone designed by Sony, the ‘Xperia Z2’ was unveiled to the local market recently in Colombo by Singer Sri Lanka Plc, laying a pedestal to the partnership with Sony Electronic Singapore Private Limited.

Rally continues, market breather might be around the corner

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During the first three weeks of July the All Share Price Index (ASPI) has continuously gained increasing by 343 points with one single day been the exception in which the index lost just 20 points.

SL derivatives market to open up this year

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After years of stagnation, Sri Lanka for the first time will open up its derivatives market particularly for foreign exchange, before the end of this year, according to a top official of the Sri Lanka Forex Association (SLFA).

In pursuit of a good hotel manager

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Recently someone contacted me to find out if I knew of anyone who could be recommended to    manage their hotel.
Apparently, the owners had looked at several candidates and found none to be a suitable fit.

Target jumble!

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As in many other instances, the country’s two most prominent official economic institutions—the Treasury and the Central Bank recently gave two different per capita income targets to be achieved in 2020, leaving the public to wonder which one is the correct figure. 

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JTUC protest
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