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.
It is often said that behind every successful career woman (or man, if it is grammatically correct) is a mentor.
The Commercial High Court yesterday ordered former Touchwood PLC Chairman/CEO Lanka...
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.
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.
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).
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.......
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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..........
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