Sri Lanka’s insurance industry sustained its growth during the year 2013 with the overall gross written premium (GWP) growing 8.39 percent year-on-year (YoY) and the total assets increasing 12.9 percent YoY, the Insurance Board of Sri Lanka (IBSL) said.
Last week we were talking about problem-solving teams. We noticed that these teams are temporary and short-term, focussed on one problem, meet occasionally for short periods of time, are cross-functional and comprise only a few members with relevant skills.
Many investors have shown great interest in investing in the Colombo Stock Exchange. However, there may be some investors who don’t have time to follow the market as well as their investment. Today’s article will suggest an alternative method of investment for such individuals.
The global banking giant HSBC has put Sri Lanka back in its good books over her accelerated macro-economic growth driven by supportive monetary policy and rise in exports, booming tourism, construction and manufacturing sectors and the perking up of capital market.
Asian shares were mixed yesterday, following another record close on Wall Street, while the dollar faced some downward pressure after the US Federal Reserve indicated interest rates would stay ultra low into next year.
A knowledge hub is a location where you can source skills and capabilities for the creation of products, services, knowledge and also for the creation of wealth. Some countries have targeted industries so that the country and the economy will be known for a particular industry. For instance:
Some of the world’s greatest entrepreneurial ventures have been started by friends. Steve Jobs and Steve Wazniak were friends who started the story of Apple in the home garage. Many other business legends also chose the same route. Entering entrepreneurship with a close and trusted friend is....
The recent unfortunate incidents that erupted in Aluthgama and Beruwala areas will have an adverse impact on the country’s tourism sector in the backdrop of Middle East being the fourth largest inbound tourist market for Sri Lanka, according to tourism industry stakeholders.
Following is the speech by Asian Development Bank (ADB) President Takehiko Nakao themed “Chance of Sri Lanka to Be the Next Asian Miracle”, delivered at the Academy of Financial Studies (AFS) conference in Colombo recently.
The Monetary Board of the Central Bank yesterday decided to maintain the policy rates unchanged for the month of June despite the private sector credit growing at a slower pace of 3.3 percent in April, compared to 4.3 percent in March.
Most people think that money alone is enough to ‘start’ a hotel. They fail to realise that they need more than that. Unsurprisingly, the ‘ending’ often turns out to be disappointing and an unhappy one at that! Such people may have a subjective, emotional or personal reason...
Smartphones, a common tool that many of us use not only for phone calls but also for various activities like surfing the Internet, listening to music and watching movies perhaps. Today, the world is in your fingertips due to the smartphone technology.
Global warming has become perhaps the most complicated issue facing world leaders. Warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing buildup of human-related greenhouse gases.....
The period of transition Sri Lanka’s economy is currently in where low interest rates and single digit inflation is factoring in, presents the country’s insurance industry immense opportunity to grow their business and introduce new products, Central Bank Governor Ajith Nivard Cabraal said.
The Sri Lankan apparel trade today is well renowned around the world to be the most cutting-edge and innovative when it comes to apparel manufacturing.
Generally, CEOs in Sri Lanka are selected based on their branch of learning and because they know how to meet customer demands, by building disciplined operational skills through understanding systems, and by ensuring financial rigor through implementing financial controls.
Market speculation is rife that Sri Lanka’s diversified Hemas PLC may exit from power business or trim its exposure to the sector in order to focus more on its core businesses, FMCG and pharmaceuticals, while aggressively expanding its leisure sector operations, Mirror Business learns.
Smart organisations involve their employees in running the business. The idea that staff turn up for work, hang their brains up near the front door, do a day’s work and then pick their brains up on the way out, was abandoned long ago by most organisations.
Here is a breakdown of some of the numbers value investors use as rough guides for picking stocks. Keep in mind that these are guidelines, not hard-and-fast rules:
Sri Lanka’s Plantation Minister Mahinda Samarasinghe has called for a special stakeholder forum to discuss the present crisis situation faced by the country’s rubber sector originating from lower demand at the international market place.
Asian markets were mixed yesterday, following a Wall Street sell-off, as oil prices hit a nine-month high on concerns about the growing crisis in Iraq but Hong Kong and Shanghai reversed morning losses following upbeat Chinese data.
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