Last Updated : 02-08-2014 11:57



Asian stocks slip after major US sell-off

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Asian markets ended their recent rally yesterday after the Dow posted its biggest single sell-off since February on weak eurozone data and as news of Argentina’s debt default shook the market.
Views: 131

Why mentoring matters

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It is often said that behind every successful career woman (or man, if it is grammatically correct) is a mentor.
Views: 357

Court orders Touchwood to submit documents by August 7

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The Commercial High Court yesterday ordered former Touchwood PLC Chairman/CEO Lanka...
Views: 274

Is blocking websites making telecom share prices vulnerable?

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Significant concerns have been raised over Sri Lankan Internet service providers (ISPs) blocking news-related websites. Currently, there are two ISPs listed in the Colombo Stock Exchange.
Views: 779

Watch inflation and get ready for rate adjustment: IMF

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The International Monetary Fund (IMF) urged the authorities to closely watch the inflation and get ready for a rate hike as the long lag between the monetary policy actions and their effects in Sri Lanka could push the inflation up.
Views: 287

Further easing no healer for dismal credit growth: StanChart

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Further easing of the monetary policy may not solve the problem of extremely low private credit growth, which fell to more than a four-and-a-half-year low of 2.2 percent in May 2014, compared with 3.3 percent a month earlier, according to Standard Chartered Bank (StanChart).
Views: 418

Sri Lanka’s external vulnerability still high, but improving: Moody’s

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Sri Lanka’s short-term debt obligations against its official reserves - a measure of the country’s external sector vulnerability - still remains elevated but the United States-based rating agency said it was.......
Views: 1058

Making effective Time Management your organization’s top priority

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In today’s climate of corporate down-sizing, professionals find themselves taking on more and more responsibilities. This work gives readers a creative alternative to working harder over longer hours.
Views: 604

Understanding technical jargon in equity research reports

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The article published last week addressed the responsibilities of investors. We discussed the benefits of working with your investment advisor and familiarizing yourselves on the performance of the company.
Views: 468

SEC asks brokers, margin providers to cut lending rates

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Market regulator, Securities and Exchange Commission (SEC) has asked stockbrokers to reduce interest rates charged on broker credit and margin trading in line with policy interest rates of the Central Bank.
Views: 354

IMF cuts 2014 global growth forecast, sees rising risks

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The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China.
Views: 552

Rally continues, market breather might be around the corner

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During the first three weeks of July the All Share Price Index (ASPI) has continuously gained increasing by 343 points with one single day been the exception in which the index lost just 20 points.
Views: 617

SL derivatives market to open up this year

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After years of stagnation, Sri Lanka for the first time will open up its derivatives market particularly for foreign exchange, before the end of this year, according to a top official of the Sri Lanka Forex Association (SLFA).
Views: 671

In pursuit of a good hotel manager

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Recently someone contacted me to find out if I knew of anyone who could be recommended to    manage their hotel.
Apparently, the owners had looked at several candidates and found none to be a suitable fit.
Views: 848

Target jumble!

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As in many other instances, the country’s two most prominent official economic institutions—the Treasury and the Central Bank recently gave two different per capita income targets to be achieved in 2020, leaving the public to wonder which one is the correct figure. 
Views: 508

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.
Views: 565

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.
Views: 703

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.
Views: 740

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.
Views: 1041

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.
Views: 799

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..........
Views: 1090

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Smiles after party office opening
MEP convention
The scene of a tragedy
Saluting the alma mater
Smiles after party office opening
MEP convention
The scene of a tragedy
Saluting the alma mater