Last Updated : 21-04-2014 10:04

 
 

Business

Former Air Force Commander assumes duties as BoC Chairman

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Former Air Force Commander Air Chief Marshall Harsha Abeywickrema assumed duties as the new Bank of Ceylon (BoC) Chairman yesterday.

Lubricant player calls for an effective regulator

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The Public Utilities Commission of Sri Lanka, which operates as the shadow regulator in the absence of a proper regulator, has not been empowered to deal with the issues confronting the lubricant industry, a top official of Sri Lanka’s largest lubricant industry player stated.

Economy grows 7.3% in 2013

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The Sri Lankan gross domestic product (GDP) grew at 7.3 percent in 2013 against a previous 6.3 percent in 2012, the data released by the Census and Statistics Departmentshowed.

Link between goal setting and workplace performance is inseparable

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Last two weeks, we saw how goal setting is a powerful way of motivating people and of motivating managers. Today, the value of goal setting is so well recognized that entire management systems, like Management by Objectives (MBOs), have goal setting basics incorporated within them.

Introduction to real estate investment trusts

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Investing in real estate has been the traditional method of securing future financial stability by increasing one’s net worth. With the advent of share trading, investments in property have been in direct competition to attract investment rupees.

Retrenchment unavoidable in consolidation

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Job retrenchment and streamlining of cost structures are likely to be an inevitable by-product of consolidation in the banking and finance sector, according to Association of Professional Bankers of Sri Lanka President and Sampath Bank Managing Director, Aravinda Perera.

February tourist arrivals up 24.5%

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Sri Lanka’s tourist arrivals rose 24.5 percent Yearon-Year (YoY) to 141,878 in February 2014, with India, Russia and China leading the list, data released by the country’s tourism authority showed.

Public unrest against another Hayleys factory

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Just under seven months to the incident which led to the closure of the Weliweriya glove manufacturing plant, another Hayleys group factory, Hanwella Rubber Products Ltd located in Hanwella has taken public to the streets, interestingly for the same contamination issue.

Can crowdsourcing and wonder of Internet help find the missing plane?

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Almost everyone on the planet has been asking a question no one is yet able to answer – what happened to Malaysia Airlines flight MH370 that was on a routine flight from Kuala Lampur to Beijing.

Why are reserve fund, status certificates important for condo owners?

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A reserve fund can only be used for replacement and non-routine repairs of common elements and assets of the condo: for instance, replacement of roof, windows, boiler, carpets and security system. Other examples are non-routine repairs to the chiller, swimming pool and parking areas.

Future prospects for CTC, local tobacco industry positive: CEO

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Following is an interview of Ceylon Tobacco Company PLC (CTC) Chief Executive Felicio Ferraz appeared in the FY13 annual report of the company that was released to the Colombo Stock Exchange yesterday.

Management of tree crop nutrition

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Unlike annual crops such as vegetables or field crops, the perennial nature of tree crops requires that their nutrient needs be maintained in a holistic and long-term manner.  Practices such as fertilizer application, water management and pruning can affect tree nutrition status for successive years.

Future of HR, leadership and business

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Professor Dave Ulrich, the most influential international thinker in HR and author of over 25 books, talks about his proposed visit to Colombo on April 30 and the key topics he plans to address in Colombo.

Hennayake elected APB President

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The Association of Professional Bankers (APB) has elected Piyal D Hennayake as its President at the AGM held recently. He succeeded Sampath Bank CEO/MD Aravinda Perera.

Lee Hedges to build Rs.1.2bn office complex

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Lee Hedges Investment Ltd, a fully owned subsidiary of Lee Hedges PLC has signed an agreement with Board of Investment (BoI) for a 15-story office complex in Colombo 03 at an estimated cost of Rs.1.2 billion.

Need for national policy on minerals value addition

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There is presently a great interest on value addition to mineral resources that could be commercially exploited in Sri Lanka. However this interest was vigorously promoted by the Geological Survey Department (present GSMB) from the early 1960s and what is new is that three minerals namely graphite and.....

Margin trading: A doubled-edged sword

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In the previous section, we discussed the two restrictions imposed on the amount you can borrow. First, the initial margin, which is the initial amount you can borrow.

Process of goal setting: A fresh perspective

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We saw last week that goal setting is an opportunity to focus the efforts of employees on the things that matter. A goal provides them with a direction and also allows them to prioritise their work. 

Today is International Women’s Day What women do and can do: Entrepreneurship, gender equality in SL

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The United Nations celebrates the 2014 International Women’s Day under the theme of ‘Equality for women is progress for all’. Ensuring gender equality matters in many ways to the development process of a country. Gender equality matters in its own right and has been recognized as.....

As we celebrate yet another International Women’s Day: Can Sri Lanka’s corporates be more gender equal?

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The other day, my mobile phone rang – it was a wrong number. But as I and thousands of other Sri Lankan women discover to their dismay every day, the caller rang back – many times in fact, whispering what no woman wants to hear.

Commercial Bank Rewards Winners of the Special SMS Promotion on International Women’s Day

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The exclusive women’s savings account, Anagi from Commercial Bank, conducted a special SMS promotion based on the theme ‘The woman who inspired me the most’ in collaboration with Wijeya Newspapers Ltd to commemorate International Women’s Day on the 8th of March 2014.

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Yanni ready to rock Colombo
Recalling the ordeal
The ride that ended in tears
Bad weather destroys houses in Mahakachchikodi
Yanni ready to rock Colombo
Recalling the ordeal
The ride that ended in tears
Bad weather destroys houses in Mahakachchikodi