Sri Lanka’s first phase of economic development i.e. putting the hard infrastructure in place is now gradually phasing out and thus it is time authorities shift focus...
Last week we noticed that it is essential to know yourself in order to be authentic. It is a genuine reality.
When it comes to entrepreneurship, innovation counts more than any other business element. The spirit of innovation was the launching pad for many a thriving business; from Facebook that grew as a social networking site for campus students to Google.
Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said its board gave the approval to acquire Wincon Development Ceylon (Private) Limited (Wincon), the local unit of the Malaysian property development company, Metacorp Berhad (Metacorp), for a consideration of Rs.2.17 billion.
The government has a target to increase exports to USD 20 billion by 2020 (a doubling from 2011). This target is presented as ambitious. This insight argues the opposite. The 2020 target is rather mediocre, and it’s aiming too low. Yet, even with such a low bar, it may still be out of Sri Lanka’s reach.
The future Sri Lankan issuers will attract lower yields in the international capital markets, increasingly enabling them to tap into cheaper funds, according to a capital market expert.
It is accepted that the future of rubber industry is tied to the global economy. The consumption of rubber worldwide during the last 10- year period had between 3.5 and 4.0 percent annually and was in line with the increase of world GDP.
The state banking giant, Bank of Ceylon (BOC) is planning to issue subordinated debentures up to Rs. 8 billion in mid-September, which is the second such debt issue within 12-months.
The International Finance Corporation (IFC), the private sector investing arm of the World Bank, is planning to acquire an 8 percent stake in the Cargills group’s,...
He who knows others is wise: He who knows himself is enlightened.’ This statement by Lao- Tsu, philosopher and poet of ancient China, is a good opening point to begin this article. Knowing ‘who you really are’, or being authentic and holding true to yourself in the most difficult moments.......
Sri Lankan consumers are increasingly becoming more brand conscious and are shifting towards premiumisation while their choice between international and local brand consumption is also getting narrowed, according to a top executive of a global market research firm.
The first ever Sri Lanka-Vietnam official trade mechanism went live in Hanoi this week (August 21). A six-member team led by Industry and Commerce Minister Rishad Bathiudeen is currently in Hanoi for the talks to setup this first official trade mechanism.
eBay entrepreneur millionaires – How world’s largest online shopping site changing business dynamics
Who doesn’t love eBay – where you can find just about anything and everything. You can buy designer handbags, cutting-edge electronics and vintage watches with a click on your computer and have it delivered to your door step, yes to Colombo too.
The ongoing export push by all sectors has supported the country’s external sector to continue narrowing its trade deficit, and in the month of June, the deficit contracted by as much as 35.3 percent to US $ 454 million but slowed from the previous month.
As the Ministry of Plantation Industries is promoting extension of rubber growing in the dry zone, particularly in the North and East of the country, it is important to discuss the subject of land evaluation and selection for rubber.
A special board for the listing of the Board of Investment (BoI) firms in the Colombo Stock Exchange (CSE) will be set up within the next two months and six companies have already expressed interest in going public.
The much needed foreign direct investments (FDIs) to the country during the first half of this year (1H14) has risen by as much as 51 percent to US $ 817 million over the corresponding period of last year, Sri Lanka’s Investment Promotion Minister said.
Sri Lanka’s apex investment promotion body, the Board of Investment (BoI),
Recent arrivals data show continued momentum in overseas tourism demand, which, if sustained will result in stronger than expected growth in 2014.
By Sri Lanka’s private sector credit growth slowed to 2 percent year-on-year (YoY) in June 2014 despite the record low policy rates and low inflation. However, Sri Lanka’s gross domestic product (GDP) continues to grow at a healthy space as the first quarter (2014) GDP growth reached........
Today’s business executives may come in many shades and colours: sales executives, marketing executives, key account executives, human resources (HR) executives, account executives and scores of others. They seem to have little in common. They differ in sex, age, educational standards and experience.
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