Last Updated : 01-08-2014 00:13



Why we cannot get home/work balance right, according to top female CEO heading Pepsi Co

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We ponder it over coffee and mull over it at work; it is always on the back burner somewhere as far as women who aspire to the top are concerned. Can we truly achieve the ultimate work-home balance that keeps all the stakeholders happy?
Views: 1595

Is tea industry really taking steps to be more ethical and sustainable?

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With world tea consumption expected to reach 3.36 million tonnes by 2021, the industry must address the ethical issues that leave it lagging behind in sustainability. Challenges are many.
Views: 2466

High labour shortage in EPZs impedes operations

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There are as much as 15,000 vacancies in the country’s Export Processing Zones (EPZs), and this high dearth of labour is hampering the operations of factories located in them, Investment Promotion Minister Lakshman Yapa Abeywardena said.
Views: 805

Govt. contains four months’ budget deficit to 3.5%

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The government has managed to contain its budget deficit to 3.5 percent of gross domestic product (GDP) during the four months to April 2014 due to the expanding economy but the deficit in absolute terms has edged up to Rs.347 billion from Rs.343.5 billion a year ago..................
Views: 719

Is Sri Lanka’s logistics hub steaming ahead?

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Sri Lanka has the potential to become a South Asian logistics hub. In fact, it’s an opportunity that is hers to lose. She commands a strategic location adjacent to one of the world‘s busiest shipping-lanes (which by some estimates accounts for over half of global container traffic) and at the mouth of the vast Indian market.
Views: 2837

Lankan banks tighten defences against cyber attacks

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Despite Sri Lanka currently not being in a state of war and not facing foreign invasion, the country is ceaselessly engaged in cyber warfare, and a gap in the lines may bring the country’s economy to its knees, Central Bank Governor, Ajith Nivard Cabraal said.
Views: 1169

High bank borrowing rates and entrepreneurship

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It was with lot of interest I went through the recently issued IPO prospectus of Lucky Lanka Milk Processing Company Ltd (“Lucky Lanka”).
My interest in this company was not only because I am a consumer of Lucky Lanka products, but because this company is often referred to......
Views: 1094

New entrant Cargills Bank already in merger talks

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Cargills Bank, which officially opened its doors to the public yesterday, said it is currently negotiating with a company engaged in finance and leasing businesses under the finance sector consolidation process set in motion by the Central Bank.
Views: 2384

Lanka Factory Index improves despite cost pressures

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Sri Lanka’s manufacturing signalled an expansion in the first quarter despite cost pressures, while the country’s global competitiveness ranking has moved up by three notches. “The Factory Industry Production Index that stood at 106.4 this January strengthened and by March.....
Views: 1079

The hand that rocks the cradle rocks in China

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In traditional China, women have always taken a back seat. Sons have been preferred over daughters. Recognized as a global powerhouse of economic growth, as China hits the 21st century, the status of women there seem to be changing; from one in which women took a back seat to men........
Views: 1019

Global medical equipment supplier mulling Lankan entry

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A leading global electrosurgical gear maker with nanotech capacity is exploring Sri Lanka’s healthcare sector for entry. “We are gold standard in terms of electrosurgical gear and operating theatre equipment.
Views: 1095

Adverse economic impact of ethno-religious violence

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Political stability and social harmony are crucial for creating a conducive enabling environment for sustained development and upliftment of the lives of all Sri Lankans. Any instability on these fronts has serious adverse implications for development.
Views: 1127

Consolidation and cohesion seem to be talk of the town

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Nearing mid-year 2014, the Colombo Stock Exchange (CSE) has gained 5.6 percent with the All Share Price Index (ASPI) advancing by 352 points. Despite marginal volatility, the activity levels or more commonly described based on average daily turnover has been maintained above the Rs.1 billion mark.
Views: 1243

MAS bags US $ 28mn IFC loan

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IFC, a member of the World Bank Group, will lend US $ 28 million to the Sri Lankan apparel manufacturer MAS Capital (Pvt.) Ltd and its subsidiaries to support the group’s expansion and innovation plans.
Views: 949

EDB begins work on newest global market Fairtrade call

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As Fairtrade becomes the latest sales driver in international markets, Sri Lanka has stepped up its efforts to meet the new standard. A promising Lankan export niche has become the successful testing ground for Sri Lanka’s entry into global Fairtrade certification regime......
Views: 1125

The need for reliable tourism-related statistics

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International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited.
Views: 1888

Insurance industry sustains growth in 2013

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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.
Views: 911

Problem-solving teams – Best tool for gaining workplace productivity

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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.
Views: 1040

Unit trust: An alternative method of investing in stock market?

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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.
Views: 1016

HSBC upbeat on Lankan growth trajectory

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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.
Views: 1798

Asia shares mixed after US record, dollar dips

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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.
Views: 811

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The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry