Last Updated : 20-08-2014 22:41



FDIs in 1H up 51% to US $ 817mn

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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.
Views: 254

BoI inks FDI promotion agreement with Japan’s largest bank

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Sri Lanka’s apex investment promotion body, the Board of Investment (BoI),
Views: 388

Tourism statistics: Dimensions of Awareness and Comparisons

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Recent arrivals data show continued momentum in overseas tourism demand, which, if sustained will result in stronger than expected growth in 2014.
Views: 418

Slow private sector credit growth: Causes and entrepreneur views

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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........
Views: 647

Do you have what it takes to be a good leader?

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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.
Views: 454

Hybrids boost July vehicle registrations

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Motor car registration figures for July show a significant increase with 2,551 registrations, compared to 2,256 in June and 2,305 year-on-year (yoy), with 827 brand new cars composing the figure, according to JB Securities’ market research.
Views: 517

Sri Lanka holds rates steady even as credit growth slows

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Sri Lanka’s Central Bank yesterday kept policy rates steady at multi-year lows for a seventh straight month, as expected, despite private sector credit growth slowing further.
Views: 816

TPG to invest US $ 117mn in Union Bank

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Ending a long wait, Union Bank of Colombo PLC (UBC) yesterday officially announced its mega investment deal with Culture Financial Holdings Ltd, an affiliate of TPG, a USA-based leading private investment with an asset base of US $ 59 billion.
Views: 828


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It has been reported that multibillionaire Elon Musk, CEO of Telsa Motors is planning to set up a Giga factory for the manufacture of 500,000 electric cars by 2020 in the United States at a cost of US$5 billion.
Views: 1979

Britannia plans to re-enter Lankan biscuits market

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Britannia Industries Ltd, the Indian biscuit giant, is looking at viable expansionary plans to enter the Sri Lankan and Bangladeshi markets, according to Indian media reports.
Views: 900

Rubber out growing: Michelin’s success story

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In an era of market liberalization, globalisation and expanding agribusiness, there is a danger that small-scale farmers face in participating in the market economy. Such farmers could therefore, become marginalized as large-scale farming becomes increasingly necessary for a profitable operation.
Views: 981

Explaining the mirage of GDP growth optimism

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Optimism about Sri Lanka’s future growth abounded at the Ceylon Chamber of Commerce’s economic summit held last week. The running refrain was that Sri Lanka doubled its gross domestic product (GDP) per person between 2004 and 2009, will repeat that success by 2015 and from there go on.....
Views: 1130

Car stereo technology that helps us use mobile phones

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Many of us are drivers. We drive daily from home to office and vise-verse. We go on trips during our vacations or holidays; then we ought to drive long distances.
Anyway these days, especially in Sri Lanka, one of the main causes of road accidents is using mobile phones while driving.
Views: 1210

Excess liquidity to create property boom next year

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Sri Lanka’s property prices which have stagnated for a long time is expected to rise rapidly starting next year, when the banking sector excess liquidity starts to feed through the system forcing interest rates down, a capital market expert forecasted.
Views: 987

Proactive SEC reverses controversial share sale

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Capital market regulator, the Securities and Exchange Commission (SEC), yesterday in a historic move reversed a controversial share deal...
Views: 654

The benefits of good diplomacy

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The politicization of the foreign service was discussed once again this week in Parliament with the JVP providing a list of the appointments...
Views: 762

Understanding what it takes to be a manager is not always easy

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Many people - employers included - think that all it takes to be a manager is being the person with the most seniority or the best people skills.
Views: 1792

Policy makers targeting auto trade:CMTA

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Policy makers are using baseless arguments to target auto traders with successive policies, according to Ceylon Motor Traders Association Incoming Chairman Gihan Pilapitiya.
Views: 622

Debt levels likely to ease further: CB Governor

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Sri Lanka’s Central Bank Governor said overall debt levels are likely to improve further after data showed the nation managed to hit the debt-to-GDP...
Views: 956

What can we learn from our mistakes in running a business?

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Mistakes form an integral part of our business lives. Some would even go as far as to label the mistakes as learning experiences and rightly so too. Mistakes define our businesses and often, the roads we have chosen over the years.
Views: 768

Touchwood given further time on undertaking by senior counsel

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The Commercial High Court yesterday gave former Chairman/CEO of Touchwood PLC Lanka Kiwlegedara time till August 25th, to submit statement of affairs and all other documents pertaining to Touchwood PLC, upon the firm undertaking given by Counsel Nihal Fernando PC.
Views: 782

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