Last Updated : 21-08-2014 03:27

 
 

Features

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: 1367

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: 753

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: 700

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: 893

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: 883

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: 1376

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: 881

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: 1228

Lesser known information about Sri Lanka tourism

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Very often, when discussing tourism and its performance, the focus is on occupancy and room rates. Certainly, these two indices are the most important aspects to monitor the tourism and hospitality sector, which give a good indication of how the industry is performing.
Views: 1503

Are we less ambitious as we age?

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It starts often as you hit mid-life. The glittering promotion. The dynamic career. The corner room office. It doesn’t sparkle like it used to – priorities have changed. Children are growing up and they need your time. You honestly prefer a good night’s rest to drinks out with the office crowd on Friday nights.
Views: 917

MERGERS AND ACQUISITIONS - Chandra questions SEC about competitive safeguards

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Good governance activist Chandra Jayaratne in an open letter to the Securities and Exchange Commission (SEC) has inquired about the laws pertaining to anticompetitive practices originating from mergers and acquisitions in the country’s capital market.
Views: 898

NR market not expected to rebound in near future

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Rubber market in Southeast Asia dropped during the week as Chinese interest was low in buying. Tyre makers were banking on rubber stocks in bonded warehouses in Qingdao, the main rubber manufacturing province and very few searched for rubber from the Southeast Asian markets.
Views: 1119

Treasury Secretary hints at trade surplus in 2020

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Sri Lanka’s Treasury Secretary Dr. P.B. Jayasundera last week hinted at the possibility of recording a trade surplus by 2020, an economic scenario Sri Lanka has never achieved for the last six decades.
Views: 981

Cigarette taxes should be rescued from bureaucratic discretion

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The focus of the World Health Organisation (WHO) is on raising taxes on tobacco, in order to raise prices and reduce consumption. This insight explains the serious consistency issues in Sri Lanka on setting taxes and prices on cigarettes.
Views: 900

sl gets US $ 300mn ADB loan for clean energy generation

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The Asian Development Bank (ADB) yesterday approved a US $300 million dual-tranche loan to help Sri Lanka scale up its use of clean energy and minimize reliance on costly petroleum oil for electricity generation.
Views: 782

Why do some countries prosper and others don’t?

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Many years ago, as primary students, we were taught that most rich countries were in the North of the globe and most poor countries are in the South, but later on we learnt that it was not geography that causes wealth or poverty. After all, Australia and New Zealand are part of the...........
Views: 883

July policy rates on hold

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Despite low credit growth, the Central Bank yesterday decided to keep its key policy rates unchanged for the sixth straight month as the Monetary Board deemed that the current rate regime is quite appropriate with the country’s growth and the inflation direction.
Views: 505

Building a successful work team isn’t rocket science

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Teams have become an essential feature in most organisations. The language of management now comfortably includes teams, teamwork and team building. However, this does not mean that we are yet much clearer about the process of bringing a group of people together and creating a level of.....
Views: 1052

Stock market at your fingertips

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One of the advantages of having an advisor was, ostensibly, to have someone who could give required information on your investments to put it into a comprehensible form. The problem with this is that it assumes the broker will be effective at condensing and conveying complex information and.......
Views: 584

BoC in talks with Treasury for Rs.10bn cash infusion: sources

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State banking giant, Bank of Ceylon (BoC), is currently in talks with the Finance Ministry to obtain a Rs.10 billion cash infusion as early as the third quarter of this year, to improve its capital adequacy levels, sources revealed.
Views: 899

apparel label giant to set up Joint venture

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Royal Pac Printcare Lanka (Private) Limited has signed an agreement with the Board of Investment (BOI) to establish an operation for the manufacture of apparel labels and packaging material for Sri Lanka’s apparel industry.
Views: 1357

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