Last Updated : 01-08-2014 00:13

 
 

Business

MAS bags US $ 28mn IFC loan

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IFC, a member of the World Bank Group, will lend US $ 28 million to the Sri Lankan apparel manufacturer MAS Capital (Pvt.) Ltd and its subsidiaries to support the group’s expansion and innovation plans.

Raja Bojun – a romantic escape for a royal treat of truly Sri Lankan cuisines

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‘Raja Bojun’ the pioneers in making  truly Sri Lankan authentic dishes that suit the palate of food lovers in the country and around the globe  has now shifted to their new location just 500 m away from the earlier place at Galle Face area.

EDB begins work on newest global market Fairtrade call

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As Fairtrade becomes the latest sales driver in international markets, Sri Lanka has stepped up its efforts to meet the new standard. A promising Lankan export niche has become the successful testing ground for Sri Lanka’s entry into global Fairtrade certification regime......

Autogas on the rise as world’s preferred alternative fuel

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Road travel remains an essential feature of the world’s transportation mix, and is of tremendous importance to the many commuters who use this mode of transport.

Hutch launches ‘Hutch Buddy’ app

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Hutch is pleased to announce the launch of Hutch Buddy – Your Online Assistant, a comprehensive and specially customized mobile app aimed at providing its subscribers with an unprecedented experience across its range of products and services at a user’s fingertips

The need for reliable tourism-related statistics

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International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited.

Insurance industry sustains growth in 2013

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Sri Lanka’s insurance industry sustained its growth during the year 2013 with the overall gross written premium (GWP) growing 8.39 percent year-on-year (YoY) and the total assets increasing 12.9 percent YoY, the Insurance Board of Sri Lanka (IBSL) said.

Wine & Dine or Go All American this 4th of July at MLH

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4th of July is a day filled with great food and good times with friends and family. MLH should be a must be culinary destination on your list! Featuring two very distinctive events the “All American BBQ” and the “Wine and Dine Evening”

April trade deficit narrows 17.7%; exports increase 9.4%

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Sri Lanka’s April trade deficit contracted 17.7 percent year-on-year (YoY) to US $ 682.2 million amid higher export earnings and moderate import expenditure, the latest Central Bank data showed.

Problem-solving teams – Best tool for gaining workplace productivity

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Last week we were talking about problem-solving teams. We noticed that these teams are temporary and short-term, focussed on one problem, meet occasionally for short periods of time, are cross-functional and comprise only a few members with relevant skills.

Unit trust: An alternative method of investing in stock market?

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Many investors have shown great interest in investing in the Colombo Stock Exchange. However, there may be some investors who don’t have time to follow the market as well as their investment. Today’s article will suggest an alternative method of investment for such individuals.

HSBC upbeat on Lankan growth trajectory

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The global banking giant HSBC has put Sri Lanka back in its good books over her accelerated macro-economic growth driven by supportive monetary policy and rise in exports, booming tourism, construction and manufacturing sectors and the perking up of capital market.

Asia shares mixed after US record, dollar dips

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Asian shares were mixed yesterday, following another record close on Wall Street, while the dollar faced some downward pressure after the US Federal Reserve indicated interest rates would stay ultra low into next year.

Propelling Sri Lanka as a knowledge hub



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A knowledge hub is a location where you can source skills and capabilities for the creation of products, services, knowledge and also for the creation of wealth. Some countries have targeted industries so that the country and the economy will be known for a particular industry. For instance:

Starting your own business with a friend?

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Some of the world’s greatest entrepreneurial ventures have been started by friends. Steve Jobs and Steve Wazniak were friends who started the story of Apple in the home garage. Many other business legends also chose the same route. Entering entrepreneurship with a close and trusted friend is....

Southern unrest shatters middle east tourist confidence

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The recent unfortunate incidents that erupted in Aluthgama and Beruwala areas will have an adverse impact on the country’s tourism sector in the backdrop of Middle East being the fourth largest inbound tourist market for Sri Lanka, according to tourism industry stakeholders.

AMW introduces Nissan Patrol’s ‘Hero of All Terrain’

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Associated Motorways (Private) Limited unveiled the Nissan Patrol Y62 model at an event held at Tintagel Colombo today amidst a gathering of VIP guests, the management of AMW, members of the media and well wishers.

Southern unrest shatters middle east tourist confidence

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The recent unfortunate incidents that erupted in Aluthgama and Beruwala areas will have an adverse impact on the country’s tourism sector in the backdrop of Middle East being the fourth largest inbound tourist market for Sri Lanka, according to tourism industry stakeholders.

York Street Partners takes global titles at Harvard’s New Venture Competition

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York Street Partners (Pvt) Ltd, a Sri Lanka-based boutique investment banking and advisory firm, took first place in both the “most innovative” and “greatest impact” categories of Harvard Business School’s 2014 Alumni New Venture Competition.

Tea board appoints popular tea personality as ambassador

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The Sri Lanka Tea Board has appointed Mike Bunston OBE, an eminent personality in the international tea trade with over 56 years of experience as Honorary Te a Ambassador for Sri Lanka in the United Kingdom.

Policy rates unchanged; April credit growth at 3.3%

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The Monetary Board of the Central Bank yesterday decided to maintain the policy rates unchanged for the month of June despite the private sector credit growing at a slower pace of 3.3 percent in April, compared to 4.3 percent in March.

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The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry