Last Updated : 31-07-2014 12:14

 
 

Business

CB to publish BASEL III rules by November: Moody’s

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Sri Lanka’s banking sector which is already entangled in a complex consolidation drive, will soon have to gear itself up to embrace wide ranging capital and liquidity coverage requirements to be implemented under the third and latest instalment of BASEL Accords – BASEL III.

Rupee edges up on inflows

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The Sri Lankan rupee ended slightly firmer yesterday due to inflows from remittances and exporter dollar sales, while one-month forward premiums fell to more than a three-year low on the hopes of further gain in the currency.

Why we cannot get home/work balance right, according to top female CEO heading Pepsi Co

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We ponder it over coffee and mull over it at work; it is always on the back burner somewhere as far as women who aspire to the top are concerned. Can we truly achieve the ultimate work-home balance that keeps all the stakeholders happy?

Is tea industry really taking steps to be more ethical and sustainable?

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With world tea consumption expected to reach 3.36 million tonnes by 2021, the industry must address the ethical issues that leave it lagging behind in sustainability. Challenges are many.

High labour shortage in EPZs impedes operations

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There are as much as 15,000 vacancies in the country’s Export Processing Zones (EPZs), and this high dearth of labour is hampering the operations of factories located in them, Investment Promotion Minister Lakshman Yapa Abeywardena said.

For the first time in Sri Lanka enjoy a whopping 50% discount on flights to Malaysia offered exclusively by findmyfare.com

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Findmyfare.com is offering a super 50% off bonus on selected flights to Malaysia. This is one of the best travel deals of the year which is offered exclusively by Sri Lanka’s largest online travel company, findmyfare.  This super deal is offered to findmyfare’s customers days after announcing the company’s new plans for expansion.
“Rewarding our customers has always been a priority at findmyfare.

Govt. contains four months’ budget deficit to 3.5%

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The government has managed to contain its budget deficit to 3.5 percent of gross domestic product (GDP) during the four months to April 2014 due to the expanding economy but the deficit in absolute terms has edged up to Rs.347 billion from Rs.343.5 billion a year ago..................

Lankan banks tighten defences against cyber attacks

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Despite Sri Lanka currently not being in a state of war and not facing foreign invasion, the country is ceaselessly engaged in cyber warfare, and a gap in the lines may bring the country’s economy to its knees, Central Bank Governor, Ajith Nivard Cabraal said.

Is Sri Lanka’s logistics hub steaming ahead?

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Sri Lanka has the potential to become a South Asian logistics hub. In fact, it’s an opportunity that is hers to lose. She commands a strategic location adjacent to one of the world‘s busiest shipping-lanes (which by some estimates accounts for over half of global container traffic) and at the mouth of the vast Indian market.

Lankan banks tighten defences against cyber attacks

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Despite Sri Lanka currently not being in a state of war and not facing foreign invasion, the country is ceaselessly engaged in cyber warfare, and a gap in the lines may bring the country’s economy to its knees, Central Bank Governor, Ajith Nivard Cabraal said.

Cargills Bank launches with a vision to create a culture of Commercial Banking that facilitates progress and wealth creation

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Cargills Bank entered Sri Lanka’s Banking and Finance Industry as the 23rd licensed commercial bank in Sri Lanka with the ceremonial launch of its Head Office at No 696, Galle Road, Colombo 3.

June inflation at 2.8%

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Sri Lanka’s year-on-year (YoY) inflation in the month of June eased to 2.8 percent from 3.2 percent in the previous month, the data released by the Census and Statistics Department showed.

High bank borrowing rates and entrepreneurship

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It was with lot of interest I went through the recently issued IPO prospectus of Lucky Lanka Milk Processing Company Ltd (“Lucky Lanka”).
My interest in this company was not only because I am a consumer of Lucky Lanka products, but because this company is often referred to......

New entrant Cargills Bank already in merger talks

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Cargills Bank, which officially opened its doors to the public yesterday, said it is currently negotiating with a company engaged in finance and leasing businesses under the finance sector consolidation process set in motion by the Central Bank.

Lanka Factory Index improves despite cost pressures

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Sri Lanka’s manufacturing signalled an expansion in the first quarter despite cost pressures, while the country’s global competitiveness ranking has moved up by three notches. “The Factory Industry Production Index that stood at 106.4 this January strengthened and by March.....

Sri Lanka amongst top 8 Social Media Day events worldwide - Colombo event hosted by Etisalat

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Etisalat Lanka, the fastest growing mobile network in Sri Lanka hosts the Mashable Social Media Day in Colombo for the 3rd consecutive year and is been listed among the top 8 Social Media Day events in the world

Melwire Group partners with e-commerce innovator findmyfare.com

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The Melwire Group hosted a gala cocktail dinner to felicitate the company’s latest venture to partner with findmyfare.com, Sri Lanka’s pioneering online travel company. The event that was held on 20th June 2014 at the Hilton Colombo saw the presence of a large gathering of distinguished guests.

The hand that rocks the cradle rocks in China

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In traditional China, women have always taken a back seat. Sons have been preferred over daughters. Recognized as a global powerhouse of economic growth, as China hits the 21st century, the status of women there seem to be changing; from one in which women took a back seat to men........

Global medical equipment supplier mulling Lankan entry

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A leading global electrosurgical gear maker with nanotech capacity is exploring Sri Lanka’s healthcare sector for entry. “We are gold standard in terms of electrosurgical gear and operating theatre equipment.

Adverse economic impact of ethno-religious violence

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Political stability and social harmony are crucial for creating a conducive enabling environment for sustained development and upliftment of the lives of all Sri Lankans. Any instability on these fronts has serious adverse implications for development.

Consolidation and cohesion seem to be talk of the town

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Nearing mid-year 2014, the Colombo Stock Exchange (CSE) has gained 5.6 percent with the All Share Price Index (ASPI) advancing by 352 points. Despite marginal volatility, the activity levels or more commonly described based on average daily turnover has been maintained above the Rs.1 billion mark.

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The scene of a tragedy
Health workers in protest march
Ravana Balaya at Buddha Sasana Ministry
Japanese coastguards cleaning Mt. beach
The scene of a tragedy
Health workers in protest march
Ravana Balaya at Buddha Sasana Ministry
Japanese coastguards cleaning Mt. beach