SLT wins Taiki Akimoto 5S Awards

03 Mar 2015

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Sri Lanka Telecom (SLT), the national ICT solutions provider proved to be one of the strongest business entities when it was awarded the prestigious ‘Taiki Akimoto 5S Awards including; the Merit Award for t he Service SectorLarge, Merit Award for the “Best Efforts i n Public/ Private Partnership”-CSR Awards 2014 categories and three Certificates of Compliance awarded to SLT Regional Offices Chilaw, Kotte & Kurunegala for the

Pan Asia Bank records over 34% credit growth and 265% growth in PAT

03 Mar 2015

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Pan Asia Bank recorded an impressive 265 percent growth in profit after tax (PAT) for the financial year ended December 31, 2014 to post Rs.415.2 million on the back of strong core-banking performance, non-fund-based income and efficient cost management.The pre-tax profit too grew by three folds to Rs.538.4 million. These results were achieved in spite of substantial provision for impairment on loans and other losses of Rs.815 million.

Job portal Everjobs makes debut in Sri Lanka

03 Mar 2015

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Everjobs (everjobs.lk), the new j ob portal for fast growing markets, was launched yesterday in Sri Lanka. The company’s mission is to simplify the job search and hiring process by connecting job seekers with employers in a matter of clicks. The Everjobs site offers helpful tools and intuitive features, such as a CV creation t ool, easy site navigation, search filter and career tips.

Dominant leadership traits

03 Mar 2015

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Trait theory highlights the notion that traits refer to stable or consistent patterns of behavior relatively immune to situational contingencies— individuals with certain traits denoting particular behavioral predispositions would react in similar ways across a variety of situations having functionally diverse behavioral requirements.

IMF, WB, donor support should not be a pretext for avoiding economic reform

03 Mar 2015

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The IMF tends to be the refuge of countries that have mismanaged their economic affairs. In this context, it is important to recall that Sri Lanka has had to obtain balance of payments support from the IMF on a number of occasions.

Oil prices stabilise in Asian trade

03 Mar 2015

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Oil prices stabilised in Asia yesterday following sharp gains in the previous session as dealers predicted the end of volatile trading and the beaten-down commodity bottoming out, analysts said.

Natural rubber prices to reach $2.40 per kg in 2015: experts

03 Mar 2015

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At the end of Q2 of 2014, the prices of natural rubber were down by almost 70 percent since the highs of early 2012.The relative price weakness reflects a slowdown in demand in emerging economies, particularly China, as the majority of natural rubber is used for tire production.

High-level Swiss mission to SL in May

03 Mar 2015

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Switzerland, the nation with the richest households in the world, is to boost its economic ties with Sri Lanka as the Swiss Foreign Minister is due in Colombo and a high-powered trade and investment mission too been scheduled.

Banks, businesses should reorganise, restructure

03 Mar 2015

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Sri Lankan banks and businesses should be dynamic and adapt to the existing environment which is here to stay despite any political changes, according to a head of a leading Sri Lankan bank.

Secret Navy unit probed

03 Mar 2015

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Face covered helmets banned

02 Mar 2015

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OZO Colombo receives the Golden Pillow Award for Best Newly Opened Hotel in South Asia

02 Mar 2015

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OZO Colombo was recently recognised as the Best Newly Opened Hotel in South Asia by one of China’s leading hospitality industry awards, the Golden- Pillow Award of China Hotels 2014. 

SLT 4Q net profits fall by 37% over high costs

02 Mar 2015

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State-owned telecommunication services provider, Sri Lanka Telecom PLC group (SLT) saw its December quarter net profits (4Q14) contracting by as much as 37 percent to Rs. 958 million (53 cents a share) from a year ago, the interim results released the Colombo Stock Exchange showed.

Microsoft partners Ewis to launch local low-cost hybrid tablet

02 Mar 2015

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How do you make a nine inch tablet affordable to a Sri Lankan buyer? The answer to this question is simple enough. It has to be designed and assembled locally and that is what EWIS has done in partnership with Microsoft. Together the two companies have come up with a winning device “EWIS T900G” at a price that is very affordable.

Laugfs opens first ‘All fuel’ filling station in Kosgoda

02 Mar 2015

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Southern Petroleum (Pvt) Ltd, a fully owned subsidiary of Laugfs Holdings, has strengthened its island wide presence with the opening of its first ‘ALL fuel’ filling station in Kosgoda.

CA Sri Lanka breakfast meeting to feature high-powered panel

02 Mar 2015

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Sri Lanka tea sale averages for February

02 Mar 2015

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Sri Lanka Tea Sale Averages for the month of February 2015 recorded Rs.418.29 vis-à-vis Rs.481.83 (-Rs.63.54) in 2014.High Growns for the month of February recorded Rs.412.50 as against Rs.441.11 (- Rs.28.61) in 2014. Medium Growns recorded Rs.390.50 vis-à-vis Rs.420.43 (Rs.29.93) in 2014. Low Growns recorded Rs.425.58 vis-à-vis Rs.510.37 (- Rs.84.79) in 2014.

A Emerging causefood standards: of concern for Sri Lankan tea industry

02 Mar 2015

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Over the last two decades, there has been a tightening of public standards, a shift from product standards to process standards, an increase in the importance of private standards and a widening scope of standards.

The basics for investing in stocks

02 Mar 2015

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Over the long run, stocks have beaten the performance of any other major asset class by a wide margin (refer Box 1). Stocks have proved their worth and deserve a prominent place in any long term investment plan, such as a retirement account. Yet as stocks are volatile which means that by their nature value rises and falls invest with caution. Ideally, stocks should be held to meet medium and long term goals. In other words, money invested in stoc

When it comes to a leader’s legacy, indecisiveness is his worst error

02 Mar 2015

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We are continuing with the detailed exploration of the six steps to making effective decisions. Last week we examined in depth the second step. How to generate good alternatives. Today, we go one step ahead.