LBR LBO Debrief ‘Business Climate Outlook of 2016’ on Dec. 8

LBR LBO Debrief ‘Business Climate Outlook’ is now a must-attend event prior to the new calendar year begins, to gain valuable insight to the unfolding economic and political scenario at global, regional and local levels. 

AmCham with top corporates aims to combat counterfeit

As part of the ‘Stay safe from fakes’ campaign to address the issue of violations of intellectual property rights (IPR) in Sri Lanka, the American Chamber of Commerce...

MTI highlights economic reality of Lankans working abroad

?Whenever there is a death penalty (the barbaric nature of which is outright condemned) for a Sri Lankan worker, there are calls to ban Sri Lankan maids from going abroad. Emotionally and ethically this is understandable but logically and realistically consider the following as well:

Key sectors blessed by the Budget

?Decisions taken by a government have direct impact on the economy of that particular country, as they prepare the environment in which business activities are operated. 

Big Ideas for Small Business Managers : Identify your target accurately: you’ve won half the game

Knowing and understanding the customer needs is at the centre of every successful business, whether it sells directly to individuals or other businesses. 

Walkers Tours commended on achieving double-digit carbon emissions reduction

Sri Lanka’s leading destination management company, Walkers Tours, was recently honoured by the country’s leading sustainability solutions provider

Emirates’ operations in India: A US $ 848mn impact on GDP

?Emirates, the world’s largest international airline, and the National Council of Applied Economic Research (NCAER) in New Delhi, have released the results of an economic impact study that measures Emirates’ contribution to the Indian economy.

Qatar Airways crowned CAPA ‘Asia Pacific Airline of the Year’

Qatar Airways was named Asia Pacific Airline of the Year at the 2015 CAPA Aviation Awards for Excellence held in Singapore.

Biz leaders join hands to launch Sri Lanka Retailers’ Association

?Local business leaders and retail professionals have joined forces to form the Sri Lanka Retailers’ Association, a first of its kind in the country. 

FM defies calls for anti-dumping laws before tariff reduction; but red clay industry given boost

?Defying calls by the country’s ceramic producers to introduce anti-dumping laws before any downward revision of the import duties on ceramic products, the country’s defiant Finance Minister has proposed to remove the import tariff protection for domestic ceramic tile manufacturers.  

Ananda Sirisena & Company succeeds in incorporating over 250 companies

?Ananda Sirisena & Company, a registered corporate secretaries and incorporator recently concluded successfully incorporating its 250th company in to the local business fraternity. 

‘Guru Geethaya’ gets QUBE master PRO DCP mastering Certification in Sri Lanka

World’s leading DCP mastering solution is now available in Sri Lanka only from the leading production house FINE VISION Group. QUBE master PRO 

Sri Lanka makes it difficult to do business

?Sri Lanka has made it difficult to incorporate and carry out a business by slapping annual fees on company registrations, as against to the new government’s quest to improve its Doing Business Index ranking and promote entrepreneurship.

Singer Lifestyle Exhibition

Singer Sri Lanka Group CEO Asoka Pieris, Chairman Dr. Saman Kelegama and Non-Executive Director Gavin John Walker about to release balloons to mark the 5th anniversary of their Lifestyle Exhibition and Funfair currently held at the BMICH in Colombo. Pic by: Kithsiri de Mel

Rishad calls for more industrial training in school curriculum

Sri Lanka’s proposed economic reforms are of such a magnitude that it is possibly the third generation of reforms in the country’s economic history, and Lankan youth are increasingly attracted to services and it is now time to enlist them to manufacturing as well, said Industry and Commerce Minister Rihad Bathiudeen, presenting his Budget speech in Parliament yesterday.

Three top Chinese brokerages under investigation

AFP - Three of China’s biggest brokerages are being probed by the market regulator for suspected “rule violations” as a crackdown on the financial sector intensified, it emerged yesterday as the country’s stock markets slumped.

Oil prices trade near US$ 42 in Asia

AFP - Oil prices traded near $42 in Asia yesterday as US markets took a break for Thanksgiving and Russia ruled out a military strike against Turkey for shooting down one of its warplanes.

Shares fall to 4-1/2 month closing low on budget worries

REUTERS: Shares edged down and closed at their lowest in four-and-a-half months yesterday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.

New York reassures tourists after terror threat

AFP - New York is reassuring tourists that America’s biggest city is safe as it prepares to welcome more than five million visitors for the busy holiday season after the Paris attacks.

CSE team excels at the Great HR Quiz

The Colombo Stock Exchange won 1st place in the “Special” category at the Great HR Quiz, held at Galadari Hotel on the 13th November 2015.  With participation from 47 top companies around the country, the quiz team of the Colombo Stock Exchange placed 8th in the overall standings and emerged 

Some nations want total reboot of global trade talks: WTO chief

AFP - The World Trade Organization remains deeply divided over its flagship global trade pact ahead of a key conference in Nairobi, with some members suggesting negotiations should “start from scratch”, the WTO chief said this week.

S. Korea bans imports of French poultry

AFP - South Korea has imposed a ban on imports of French poultry and live birds after the European country reported a bird flu outbreak.

Japan’s Abe seeks extra fiscal spending to revitalise economy

Japanese Prime Minister Shinzo Abe yesterday made a widely expected decision to roll out additional fiscal spending - the latest attempt by Tokyo to revitalise a sputtering economy that has failed to break out of decades of stagnation.

Risk management, SME financing top Islamic banks agendas: report

REUTERS: Islamic banks around the globe view risk management, equity financing and deepening their client base as the most pressing issues facing the sector in coming years, a survey released yesterday showed.

AirAsia’s planned accounting change seen boosting transparency

REUTERS: AirAsia’s plans to consolidate its group’s accounts will help dispel some criticism of its financials, though struggling affiliates are likely to drag down earnings at Asia’s biggest budget carrier.

China industrial profits fall for 5th straight month

REUTERS: Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, declining for the fifth consecutive month as the world’s second-largest economy slows and industries deal with overcapacity.

Black Friday sale

AFP: Shoppers leave a Target store after the start of a Black Friday sale that started a day earlier during Thanksgiving evening in Los Angeles, California on November 26, 2015. The US holiday shopping season kicks off with “Black Friday”

Ceylinco Life policyholders celebrate early wins at ‘Family Savari 9’

Ceylinco Life’s ‘Family Savari 9’ mega promotion is not over, but already, 265 policyholders and their families are celebrating the news that they have won places at next year’s tours to Singapore and Leisure World.

Unforgettable moments with HSBC Premier this season

With the holiday season approaching fast with its bevy of seasonal activities, HSBC Premier is keen to make this season one of joyful giving, where customers get to experience unforgettable moments with family and friends.

Etisalat to sponsor ‘Enrique Iglesias Live in Sri Lanka’ event

Etisalat Lanka is the official main sponsor of Sri Lanka’s biggest musical event, ‘Enrique Iglesias Live in Sri Lanka’. Enrique Iglesias, a Grammy award-winning Spanish/English artist deemed the ‘King of Latin Pop’, will be performing in Colombo on December 20, 2015, at CR&FC Grounds as part of his on-going world tour.