Last Updated : 30-07-2014 09:59

 
 

Features

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: 1502

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: 623

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: 1209

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: 1161

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: 3313

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: 682

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: 1228

Skills and competencies CEOs must possess

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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.
Views: 931

Hemas exiting power business?

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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.
Views: 1894

Involving employees – Making best use of wisdom of teams

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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.
Views: 694

Stock-picking strategies

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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:
Views: 756

Rubber production falters; Minister calls for crisis forum

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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.
Views: 1667

Asian shares mixed, China data provides lift

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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.
Views: 710

Is entrepreneurship recognized and rewarded in Sri Lanka?

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There’s something about innovation and entrepreneurship that goes hand-in-hand. While inventions on their own are fine, if they are not tied to fulfilling a practical need, the invention is likely to lie idle. In Sri Lanka, we see many inventors whose stories hit media often.
Views: 1173

Sideways move continues with strong foreign buying

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Foreign money seems to be flowing into the Colombo Stock Exchange (CSE) listed equities with Rs.3.1 billion worth of shares been bought by overseas investors month to-date in June, while the net foreign purchases thus far for the month was Rs. 2.6 billion.
Views: 1067

Proposed Holcim-Lafarge merger: Holcim CEO sees no impact on Lankan operations

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The proposed merger between cement majors Holcim and Lafarge is unlikely to have any negative implication on Holcim’s Sri Lankan operations, as the country remains a “strategic market”, a top Holcim official said.
Views: 2424

Aitken Spence in US $ 25mn Indian hotel acquisition

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Leading leisure sector operator Aitken Spence PLC said it purchased a brand-new five-star hotel with 143 rooms in Chennai for a consideration of US $ 25 million. The acquisition has been carried out through Aitken Spence Hotel Managements (South India) Private Limited.
Views: 1467

Problem with plantations

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“Plantations are not forests” is a phrase that has been around for many years, but that does not mean that tree plantations are neither good nor bad in them. The benefits or threats of plantations depend on their scale, their objective, the trees planted and the natural and..........
Views: 2287

Tourism sector hit by marketing, resource snags

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Some core challenges continue to pose threats to the future viability of Sri Lanka’s tourism industry despite positive changes which have brought new opportunities, head of a leading leisure group said.
Views: 1495

Implications of Modi’s victory for Indo-Sri Lanka relations

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The outcome of LokSabha (lower house of the Indian Parliament) elections on May 16th was unexpected and unprecedented over the last three decades.The outcome of LokSabha (lower house of the Indian Parliament) elections on May 16th was unexpected and......
Views: 1412

Middle East investors see SL ‘fertile’ for entry: MTI

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The Middle East investors, particularly in the six Gulf States, are increasingly positive about entering and investing into Sri Lanka, according to MTI’s ‘Market Pulse’.
Views: 951

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