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BusinessBenefits of sound economic diplomacy
.jpg) 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.
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Wage hike to make Lankan teas most expensive
 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
 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
 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
 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
 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
 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?
.jpg) On a recent visit to the Galle Fort, supposedly one of the most ‘IT’ places around, I was struck by...
Electricity price adjustment commendable
 The government is to be commended for its highly courageous decision to adjust electricity prices towards cost-reflectivity.
Cairn evaluates options to commercialize discovered gas
 Cairn India Limited said it is currently evaluating the options of converting gas into commercial use, one and a half years after identifying natural gas in the Sri Lanka’s Mannar Basin.Chevron first quarter profits rise to Rs.770 million
.jpg){kind=icon} Sri Lanka’s Chevron Unit said profits for the March quarter (1Q13) rose to Rs.769.8 million against Rs.661.1 million in the same quarter of the previous year, despite a drop in revenue.Bangladesh mulls FTA with Sri Lanka
 Bangladesh is tipped to sign a Free Trade Agreement with Sri Lanka to strengthen bilateral trade between the two nations, according to visiting Bangladesh Foreign Secretary Ambassador, Mohammed Shahidul Haque.Jetwing in Rs.1.2 billion private placement to fund 4 hotel projects
Banks’ non-performing loans swell by a staggering Rs.18bn in 2012
 Despite the quality of the banking sector assets marginally improving in relative terms, the total volumes of nonperforming loans (NPLs) increased by as much as Rs.18 billion in 2012, according to the Central Bank Annual Report.Migrant worker rights: Regional frameworks could hold key
 In the wake of the execution of Sri Lankan housemaid Rizana Nafeek on 9th February 2013, accused of smothering an infant in her care in the Kingdom of Saudi Arabia, the human rights of migrant workers have come to the forefront of the policy discussion on migration.
From Crisis to Sustenance : Blue Oceans are possible in the era of rapid transformation
(1)(1)(1)(1)(1)(1).jpg) In our previous instalments we said that the Blue Ocean Strategy (BOS) is a systematic way to challenge the conventional logic of competition in a given industry and to expand the market by attracting ‘non-customers’,
Stashing your cash: Mattress or market?
(1)(2)(1)(1)(1).jpg) When stock markets become volatile, investors get nervous. In many cases, this prompts them to take money out of the market and keep it in cash. Cash can be seen, felt and spent at will and having money on hand makes many people feel more secure.
Tea hub proposal neglected; exports under pressure: TEA
.jpg) The proposal by the Tea Exporters Association (TEA) to set up a tea hub in the country has not been taken seriously by law makers, a top official of the association stated.Divi Neguma breathes life into dying roof tile industry
 The roof tile industry which was on the decline has been revived under Divi Neguma national programme, with 156 tile factories back in operation.New law to cut foreign labour in Gulf countries
 The Gulf Cooperation Council (GCC) is expected to soon pass a law to regulate foreign labour in member countries, similar to the one passed by Saudi Arabia that seeks to reserve 10 percent jobs for locals, foreign media reports said.Consumer durables to see weak demand
 Demand for consumer durables such as televisions, refrigerators, washing machines, kitchen appliances, digital cameras et are expected to a see a slowdown in 2013 if energy prices are increased, according to Fitch Ratings Lanka Limited.Page 5 of 74 |
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The Jetwing Hotels group is currently in negotiations for a Rs.1.2 billion private placement, according to Jetwing Chairman Hiran Cooray.
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