Last Updated : 02-09-2014 08:11

 
 

Business

Subway franchise open for local entrepreneurs

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The world’s largest submarine sandwich chain, Subway officially opened its first store in Sri Lanka yesterday and announced they would provide the opportunity for local entrepreneurs to open outlets under the franchise to rapidly grow its chain of stores throughout the country.

Kidz Planet- Ultimate play and learn experience for kids

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Children of today are very intelligent and smart, and they become individuals from a very early age, with aspirations of who they want to become, what they want to do, and where they want to go. Therefore it is very important that we teach them about how to interact and live in this world from a very young age.

Growth woes in the West getting worse?

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Global activity in the 1st quarter strengthened and was expected to improve further, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies.

Deshodaya to acquire George Steuart Finance for Rs.375mn

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Sarvodaya-owned licensed finance company, Deshodaya Development Finance Company Limited (DDFC) said yesterday that they would acquire 75 percent stake of George Steuart Finance PLC (GSF) controlled by the high net worth investor Dilith Jayaweera for a consideration of Rs.375 million.

Bull run and investor’s responsibility

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The year 2014 is a promising year for the Colombo Stock Exchange (CSE). The CSE has recorded a year-on-year (YoY) growth of 14 percent in the broad market index while the S&P SL 20 Index has experienced a growth of 15 percent in the current year.

Create a high performance organisation with wisdom of effective work teams

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J. Richard Hackman (1940-2013), a professor of social and organisational psychology at Harvard observed: “The more common reason for sub-standard work group performance is that managers make serious mistakes in designing, supporting and leading teams.

DRUGS IN REEFER CONTAINERS - Pharma importers cry foul over new regulation

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Private sector pharmaceutical importers are crying foul over the Custom’s directive issued in consultation with Cosmetics, Devices & Drugs Regulatory Authority (CDDRA), that makes compulsory to import pharmaceutical items in refrigerated containers, to maintain the required temperature.

Findmyfare offers convenient customer experience via upgraded FMF CRM system

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findmyfare.com, Sri Lanka’s largest online travel company recently upgraded its Customer Relationship Management (CRM) system to offer a comprehensive service and better engage with their customer base.

Packaging industry should be made priority exports support sector: Rishad

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In 2013, most recipient countries of FDI in South Asia experienced a significant decline in green field projects except for Sri Lanka. In that, the total announced green-field investments in South Asia, declined by a strong 38 percent-except for Sri Lanka where the investments remained at a..........

Lesser known information about Sri Lanka tourism

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Very often, when discussing tourism and its performance, the focus is on occupancy and room rates. Certainly, these two indices are the most important aspects to monitor the tourism and hospitality sector, which give a good indication of how the industry is performing.

Are we less ambitious as we age?

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It starts often as you hit mid-life. The glittering promotion. The dynamic career. The corner room office. It doesn’t sparkle like it used to – priorities have changed. Children are growing up and they need your time. You honestly prefer a good night’s rest to drinks out with the office crowd on Friday nights.

MERGERS AND ACQUISITIONS - Chandra questions SEC about competitive safeguards

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Good governance activist Chandra Jayaratne in an open letter to the Securities and Exchange Commission (SEC) has inquired about the laws pertaining to anticompetitive practices originating from mergers and acquisitions in the country’s capital market.

BOI promotes investments at Tel Aviv Biz Forum

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The Board of Investment of Sri Lanka recently engaged in investment promotion at an important event held in Tel Aviv, Israel.

Colombo Centenary International Scout Jamboree to be held in Sri Lanka

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The Colombo Centenary International Scout Jamboree will be held in Sri Lanka from August 1-7 at the Ygro Camp site in Madampe.

Happiness.lk Introduces Same Day Delivery for Baby and Kids Products!

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Tired of walking around from shop-to-shop looking for the perfect baby products? or just simply want to select the best birthday gift for your kid?. How about a website that has more than 5,000 products on it's portfolio? Ranging from the best baby brands and world famous toy brands all in one place?

NR market not expected to rebound in near future

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Rubber market in Southeast Asia dropped during the week as Chinese interest was low in buying. Tyre makers were banking on rubber stocks in bonded warehouses in Qingdao, the main rubber manufacturing province and very few searched for rubber from the Southeast Asian markets.

Treasury Secretary hints at trade surplus in 2020

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Sri Lanka’s Treasury Secretary Dr. P.B. Jayasundera last week hinted at the possibility of recording a trade surplus by 2020, an economic scenario Sri Lanka has never achieved for the last six decades.

Cigarette taxes should be rescued from bureaucratic discretion

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The focus of the World Health Organisation (WHO) is on raising taxes on tobacco, in order to raise prices and reduce consumption. This insight explains the serious consistency issues in Sri Lanka on setting taxes and prices on cigarettes.

sl gets US $ 300mn ADB loan for clean energy generation

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The Asian Development Bank (ADB) yesterday approved a US $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and minimize reliance on costly petroleum oil for electricity generation.

SL gets US $ 300mn ADB loan for clean energy

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The Asian Development Bank (ADB) today has approved a US $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and cut its reliance on costly petroleum oil for electricity generation

Why do some countries prosper and others don’t?

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Many years ago, as primary students, we were taught that most rich countries were in the North of the globe and most poor countries are in the South, but later on we learnt that it was not geography that causes wealth or poverty. After all, Australia and New Zealand are part of the...........

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Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win
Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Series win