The past year was certainly a ‘mixed bag’ for Sri Lanka tourism with possibly the ‘highs’ slightly outweighing the ‘lows’.
A quick overview of the past year, albeit weighted towards the hotels sector, is as follows.
Post-war infrastructure development in the North and East involved the construction and rehabilitation of a number of bridges and culverts along various roads.
Ceylon Cold Stores PLC profits improved by a drastic 315 percent year-on-year (YoY) to Rs.259.4 boosted by strong operating profits during the quarter ended December 31, 2013. The turnover increased by 8 percent YoY to Rs.6.30 billion while the cost of sales increased by a modest 6 percent YoY to Rs.5.48 billion, leading in turn to a gross profit of Rs.826.1 million, an increase of 24 percent YoY.
ISM eCommerce recently signed an agreement with the Board of Investment (BoI) for setting up a project to develop software and provide business process outsourcing (BPO) services for the export market. The total value of this investment is US $ 3 million.
January 26th was International Customs Day. The theme for this year is, “Communication: Sharing Information for Better Cooperation”. Trade facilitation measures are important means of achieving improved communication and.........
The reconstructed Sama Vihara Complex fronting Havelock City Project was declared open by His Excellency President Mahinda Rajapaksa amidst a distinguished gathering at a grand opening ceremony held recently. The temple was a gift from Havelock City’s Chairman, the visionary entrepreneur and leader, Mr. S P Tao.
Product Portfolio Analysis (PPA) is a process where managers study the profitability of the various products and services a business offers. It is designed to help optimize the allocation of resources between those products and services.
The Sri Lankan equity market experienced certain developments during the past few years and is currently poised for growth. The daily average turnover for the current year is Rs.1,132 million, while the net foreign inflow is Rs.826.6 million.
If you’ve heard of customer relationship management (CRM) and wondered why it’s so important, it’s simple. No matter what business you’re in, unless your customers are happy you won’t succeed and this is why CRM is so important - more important than sales or marketing or any other part of the company that wouldn’t survive without customers.
Samasource. Kind of sounds familiar. Sama in Sanskrit and in Sinhala means ‘all’ and that’s exactly what Samasource founder, Leila Janah, is confident it will be - giving equal opportunities for all.....
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) officially launched its small and medium Enterprise (SME) toolkit for 2014 recently.
The audit manual, which is targeted at Small and
Following are excerpts of the panel discussion held as part of the ‘Invest Sri Lanka’ Investor Forum, that concluded in Singapore this week. Ferial Ashraff, High Commissioner of Sri Lanka...........
Growth rate figures are often highlighted in the media by Central Bankers and others especially when they are estimated at say 6 to 7 per cent; Some say we are experiencing an economic boom, while other say we are on the......
Not even governments can perpetually spend more than they earn, without jeopardising the economy. Therefore, the fiscal targets of the present government – to systematically reduce the budget deficit over a......
Sri Lanka’s interest rates are at an appropriate level and the Central Bank probably will keep borrowing costs steady for the next three to six months if current conditions persist, Governor Ajith Nivard Cabraal was quoted as saying to Bloomberg.
It is necessary for Condominium unit owners to actively participate in running the complex through the Condominium Management Corporation. You cannot buy a Condominium and feel that this is one way to have a peaceful life without getting involved in repairs and maintenance.
The Central Bank yesterday dismissed recent allegations of manipulating economic statistics by the Department of Census and Statistics (DCS), saying that such allegations are “unfounded and baseless.”
An architectural masterpiece spanning over 60,000 sq. ft. with luxurious star-class facilities where one will be spoilt for choice, is at the doorstep of every Havelock City resident at the newly opened clubhouse.
RAM Holdings Berhad has divested RAM Ratings (Lanka) Ltd, its wholly-owned subsidiary in Sri Lanka. The acquisition was led by the management team from RAM Lanka comprising Mahinda Preethiraj Jayawardena and Adrian Perera.
We may not be aware of them, but we use standards every day, in all aspects of our daily lives – in communications, education, healthcare, food, transport, construction, furniture, customer service and in many others.
A number of emerging market economies have been on a rollercoaster since the U.S. Federal Reserve announced last May the eventual tapering of its asset purchase program.
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