Last Updated : 03-09-2014 02:51

 
 

Features

country in middle-income trap since 1998: Minister

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At a time when the Sri Lanka’s Central Bank (CB) is setting the stage to by-pass a potential economic stagnation and become a ‘break-out nation’, a senior government minister yesterday said that country is gradually being ensnared in the middle income trap.
Views: 919

A new narrative for economic growth

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Today, we, as a nation, are going through an era where the debate on national economy has probably assumed unprecedented heights.
Yet, it is an irony that no clear dialogue has yet emerged about the future strategic direction of the development of Sri Lanka’s economy.
Views: 1046

Coaching for team performance - Improves productivity, relationships

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Teams are the force that drives most organisations. As a manager or supervisor, you would have seen hostility, conflicting goals and unclear expectations within your teams. These are symptoms of an unhealthy team. To avoid these harmful effects, you need be proactive about improving team performance.
Views: 1042

Stock market at your fingertips

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Technology has played a key role in the financial services industry. Today, however, a number of new and rapidly accelerating trends are emerging that promise to usher in an entirely new paradigm.
Views: 800

CB to publish BASEL III rules by November: Moody’s

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Sri Lanka’s banking sector which is already entangled in a complex consolidation drive, will soon have to gear itself up to embrace wide ranging capital and liquidity coverage requirements to be implemented under the third and latest instalment of BASEL Accords – BASEL III.
Views: 1207

Rupee edges up on inflows

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The Sri Lankan rupee ended slightly firmer yesterday due to inflows from remittances and exporter dollar sales, while one-month forward premiums fell to more than a three-year low on the hopes of further gain in the currency.
Views: 842

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: 1754

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: 2692

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: 915

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: 842

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: 3194

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: 1310

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: 1208

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: 2961

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: 1187

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: 1166

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: 1209

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: 1228

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: 1341

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: 1078

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: 1226

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Protest demanding salary increase
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