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.
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.
Takehiko Nakao assumed office as the ninth President of the Asian Development Bank (ADB) yesterday.
John Keells Holdings (JKH) became one of the top three largest holdings in the CF Ruffer Pacific Fund during the month of March.
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.
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.
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.
On a recent visit to the Galle Fort, supposedly one of the most ‘IT’ places around, I was struck by...
The government is to be commended for its highly courageous decision to adjust electricity prices towards cost-reflectivity.
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.
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 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.
The Jetwing Hotels group is currently in negotiations for a Rs.1.2 billion private placement, according to Jetwing Chairman Hiran Cooray.
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.
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.
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’,
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.
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.
The roof tile industry which was on the decline has been revived under Divi Neguma national programme, with 156 tile factories back in operation.
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.
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.
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