Last Updated : 16-04-2014 21:10

 
 

Business

Austerity in Europe hurting women the most

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Europe has always been a centre of celebration for human rights, whether for minorities, lesbian, gay, bisexual...

Export earnings down in February

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Sri Lanka's export income fell 2.9 percent Year-on-Year (YoY) to US $ 797.5 million in February with both agricultural and industrial exports slowing down, the data released by the Central Bank showed

Dialog to boost SL’s bandwidth with new submarine cable

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Dialog Axiata PLC (Dialog), Sri Lanka’s largest mobile services operator has entered into an agreement with the Bay of Bengal Gateway (BBG) consortium to land a high capacity submarine cable at a Cable Landing Station (CLS) to be located in Colombo, a statement by the company said.

PLC secures 17th slot among “Top 20 Most Valuable Brands”

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People’s Leasing & Finance PLC (PLC) has scaled up from 21st to 17th among the “Top 20 Most Valuable Brands”.

Sri Lanka to host first carbon neutral economic summit

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The Institute of Policy Studies (IPS) has obtained global Carbon Neutral certification for the hosting of the 6th South Asia Economic Summit in Colombo.

Fitch affirms Sri Lanka at 'BB-' with stable outlook

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Issuing the sovereign credit rating and the country outlook for 2013, Fitch Ratings yesterday affirmed Sri Lanka's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-'

February tourist arrivals up 11.6% YOY

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Tourist arrivals to Sri Lanka in the month of February rose 11.6 percent year-on-year (YoY) to 93,232, helped by increased arrivals from East Asian and Western and Eastern European blocks, the official data provided by the Sri Lanka Tourism Development Authority showed.

Loose monetary policy to widen savings-investment gap

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The likely loosening of the monetary policy will increase the savings - investment gap, which narrowed to 6.6 percent of GDP or Rs.503 billion in 2012, increasing the dependency on foreign financing to feed the investment hungry nation, a global bank alerted.

CSE to revise debt market rules

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The Colombo Stock Exchange (CSE) is currently in the process of amending regulations pertaining to the listing of debt securities, according to CSE’s Assistant General Manager of Regulatory Affairs, Renuke Wijayawardhane.

Futuristic macroeconomic policies for Asia and the Pacific

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The  recently-launched  2013  Economic  and  Social  Survey of Asia and the Pacific of ESCAP is forecasting subdued growth of 6 per cent for the region in  2013  - up from 5.6 per cent in 2012.

NR will be volatile in 2013 and after

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Rubber industry analysts have said some time ago that, natural rubber (NR) prices are likely to take a dip after 2012 due to the acceleration in normal production on account of massive new planting undertaken across the major natural producing countries of the world during 2005-08.

Marketing’s next frontier: Blue Ocean Strategy

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Turbulent times have hit both Europe and emerging country economies. The competition for a share of the consumer’s wallet is becoming more severe. In Chan Kim and Renee Mauborgne’s parlance, the Red Ocean is becoming more and bloodier.

Improving Sri Lanka’s service quality: Where the smile alone is not good enough

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We often boast of our ‘Sri Lankan smile’ and the friendliness of the Sri Lankans, but all is not well with the Sri Lankan service quality. According to many foreign business visitors, Sri Lanka’s hotels are the worst offenders.

Benefits of sound economic diplomacy

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A lot has been said about the current state of our external relations with the West. While the fallout of all this is often exaggerated, many of us know that diplomacy plays a direct role in addressing the root cause of insecurity and improving relations between countries. 

Wage hike to make Lankan teas most expensive

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The recent wage increase granted to plantation sector workers has pushed the cost of production of Sri Lankan teas to the highest in the world, the Planters’ Association of Ceylon claimed.

New ADB President Nakao assumes office

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Takehiko Nakao assumed office as the ninth President of the Asian Development Bank (ADB) yesterday.

JKH among top 3 holdings of Ruffer Fund in March

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John Keells Holdings (JKH) became one of the top three largest holdings in the CF Ruffer Pacific Fund during the month of March.

BOC under scrutiny over capital adequacy

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The largest commercial bank in the country, state-run Bank of Ceylon (BOC) has recently come under scrutiny by multiple international rating agencies and the Central Bank over its faltering capital adequacy, Mirror Business learns.

Lighthouse Hotel revenue falls 5% to Rs. 203 mn

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Revenue of Lighthouse Hotel PLC (LHL) fell 5 percent year-on-year (YoY) to Rs. 203.1 million during the quarter ended March 31, 2013 resulting in a 57.1 million net profit as against Rs. 80.3 million during the corresponding period of the previous year, interim financials released to the stock exchange showed.

Ircon International completes first rail project in SL

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MPLN Peiris, Project Director of Sri Lanka Railway M P De Silva, Team Leader of CECB and S L Gupta, General Manager of Ircon International Limited, undertook the trial run on April 23. Other officers from Sri Lanka Railway, CECB and Ircon also participated in the trial run.

Foreign entrepreneurs - Threat or opportunity?

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On a recent visit to the Galle Fort, supposedly one of the most ‘IT’ places around, I was struck by...

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Video: For a blessed year
Fun at Galle Face
'Blood moon'
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Video: For a blessed year
Fun at Galle Face
'Blood moon'
Happy New Year!