Last Updated : 24-07-2014 07:36

 
 

Features

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: 1085

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: 1111

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: 1232

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: 936

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: 1114

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: 1862

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: 901

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: 1020

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: 1004

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: 1782

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: 798

Propelling Sri Lanka as a knowledge hub



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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:
Views: 1518

Starting your own business with a friend?

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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....
Views: 888

Southern unrest shatters middle east tourist confidence

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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.
Views: 2036

Sri Lanka can be integral part of Asian transformation: ADB Chief

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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.
Views: 1481

Policy rates unchanged; April credit growth at 3.3%

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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.
Views: 617

Will your new hotel pass the ‘crash test’?

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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...
Views: 1193

Can smartphones be used to increase productivity?

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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.
Views: 1144

Global warming continues to be a serious global issue

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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.....
Views: 3300

Economic transition presents insurance players opportunity

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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.
Views: 670

SL apparel industry in a global context and future fortunes

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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.
Views: 1209

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