Last Updated : 25-04-2014 02:49

 
 

Business

Future prospects for CTC, local tobacco industry positive: CEO

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Following is an interview of Ceylon Tobacco Company PLC (CTC) Chief Executive Felicio Ferraz appeared in the FY13 annual report of the company that was released to the Colombo Stock Exchange yesterday.

Management of tree crop nutrition

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Unlike annual crops such as vegetables or field crops, the perennial nature of tree crops requires that their nutrient needs be maintained in a holistic and long-term manner.  Practices such as fertilizer application, water management and pruning can affect tree nutrition status for successive years.

Future of HR, leadership and business

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Professor Dave Ulrich, the most influential international thinker in HR and author of over 25 books, talks about his proposed visit to Colombo on April 30 and the key topics he plans to address in Colombo.

Hennayake elected APB President

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The Association of Professional Bankers (APB) has elected Piyal D Hennayake as its President at the AGM held recently. He succeeded Sampath Bank CEO/MD Aravinda Perera.

Lee Hedges to build Rs.1.2bn office complex

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Lee Hedges Investment Ltd, a fully owned subsidiary of Lee Hedges PLC has signed an agreement with Board of Investment (BoI) for a 15-story office complex in Colombo 03 at an estimated cost of Rs.1.2 billion.

Need for national policy on minerals value addition

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There is presently a great interest on value addition to mineral resources that could be commercially exploited in Sri Lanka. However this interest was vigorously promoted by the Geological Survey Department (present GSMB) from the early 1960s and what is new is that three minerals namely graphite and.....

Margin trading: A doubled-edged sword

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In the previous section, we discussed the two restrictions imposed on the amount you can borrow. First, the initial margin, which is the initial amount you can borrow.

Process of goal setting: A fresh perspective

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We saw last week that goal setting is an opportunity to focus the efforts of employees on the things that matter. A goal provides them with a direction and also allows them to prioritise their work. 

Today is International Women’s Day What women do and can do: Entrepreneurship, gender equality in SL

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The United Nations celebrates the 2014 International Women’s Day under the theme of ‘Equality for women is progress for all’. Ensuring gender equality matters in many ways to the development process of a country. Gender equality matters in its own right and has been recognized as.....

As we celebrate yet another International Women’s Day: Can Sri Lanka’s corporates be more gender equal?

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The other day, my mobile phone rang – it was a wrong number. But as I and thousands of other Sri Lankan women discover to their dismay every day, the caller rang back – many times in fact, whispering what no woman wants to hear.

Commercial Bank Rewards Winners of the Special SMS Promotion on International Women’s Day

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The exclusive women’s savings account, Anagi from Commercial Bank, conducted a special SMS promotion based on the theme ‘The woman who inspired me the most’ in collaboration with Wijeya Newspapers Ltd to commemorate International Women’s Day on the 8th of March 2014.

Can Sri Lanka learn from Korean SME promotion strategy?

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Korea is no stranger to economic hardship, recovery and progress. The Korean War during 1950-53 took 1.5 million lives and destroyed close to 40 percent of the country’s industrial facilities. Yet, it overcame this turbulent history to become a developed country in less than a generation – an achievement fondly referred to...

Sri Lanka to witness first pre-owned Porsche car fair

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Eurocars (Private) Limited, the official Porsche importer in Sri Lanka, is organizing for the first time a Porsche approved preowned car fair from March 8 to 9, at Arpico car park at Union Place.

Singer Sri Lanka posts marginal growth in challenging 2013

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Consumer durables retailer Singer Sri Lanka said it recorded ‘marginal growth’ for the year ended December 31, 2013 (FY13) amid challenging business environment aggravated by low customer demand.

Who bleeds for the budget?

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Previous Verité Insights have documented the “long-procrastination” in the achievements of targets set out in the budget. The mismatch between expectation and reality has been particularly a problem in the area of government revenue. This Insight locates the sectors that have suffered with budget cuts to compensate for......

How to review Sri Lanka Condominium Act Public engagement absolutely necessary

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Our Condominium Act was based on the condo operations of Singapore. Singapore obtained more information with regard to setting up condominiums from Australia. Since the introduction of condominiums in Singapore, they also have various problems that have to be attended to.

Tapper and production-related issues in rubber: Malaysian experience

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Several approaches, techniques and systems were developed in the 80s and 90s to tackle the problem of tapper shortage and rising costs of production, which were not adopted on a large scale due to low productivity of prevailing clones in the 80s/90s, very low selling prices of rubber, low wages paid to tappers....

Management compass: Setting performance goals

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“If you don’t know where you are going, any road will get you there.” This line from Alice in Wonderland has been true in many organisations and companies. They often don’t have or maybe don’t articulate very well real business goals other than ‘staying in business’.

Margin trading: A double-edged sword

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Imagine you’re sitting at the black jack table and the dealer throws you an ace. You’d love to increase your bet but you’re a little short on cash. Luckily, your friend offers to spot you Rs.50 and says you can pay him back later. Tempting, isn’t it?

SLT raises US $ 100mn to upgrade infrastructure

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Sri Lanka Telecom PLC, the leader in fixed telephone services in the country has raised US $ 100 million five- year term loan facility with the support of HSBC and Sampath Bank.

Harsha demands for EPF’s audited accounts again

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United National Party Parliamentarian and economist, Dr.Harsha de Silva yesterday once again raised the issue of non-submission of audited accounts of Employees’ Provident Fund (EPF) —the largest superannuation fund controlled by the Central Bank—to the Parliament for the year 2011.

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Video: BBS at Rishad’s office