Sri Lankan Equities To Grow 25% Next 5-years

Sri Lankan equity market returns will grow 25 percent annually during the 5-years up to 2020, and the country will be flooded with foreign capital as Sri Lanka will reach investment grade status, according to an experience fund manager.According to Dulindra Fernando, the Sri Lankan economy is going to see her best 5-years since independence from 2015 through 2020, and said one could ill afford to stay out of the stock market as the 5-years ahe

Global financial centre competitiveness and impact on Sri Lanka’s Economy

In order to understand whether our global financial system is working efficiently, the Long Finance Group was established in 2007 by Z/Yen Group in conjunction with Gresham College, London.This group publishes papers under the Financial Futures Series “in order to initiate discussions on the changing landscape of global finance.”

Cabraal urges to shift from collateralized banking

Central Bank (CB) Governor Ajith Nivard Cabraal urged the banking fraternity to shift from the traditional mind-set of collateralized lending to serve the financial needs of the emerging middle class.Speaking at the 26th anniversary convention of the Association of Professional Bankers of Sri Lanka, Cabraal stressed the importance of extending non-collateralized lending with ‘earnest’.“You also need to now look at movi

LRA reaffirms Trade Finance & Investments at BB+/NP

Lanka Rating Agency (LRA) has reaffirmed Trade Finance & Investments PLC’s (TFI) long-and short-term financial institution ratings at BB+ and NP.Concurrently, the ratings have been placed on a Rating Watch Positive. Meanwhile, the ratings are upheld by TFI’s above average asset quality, strong capitalisation and healthy performance.

Dismal Islamic Finance Growth Disappoints Industry

In spite of Sri Lanka’s Islamic population accounting for 10 percent of the total population and their economic contribution is as high as 15 percent to the gross domestic product (GDP), the country’s Islamic finance sector has been growing at a unsustainable pace and thus, has failed to see its full potential, according to the country’s top Islamic finance professional.

The Colombo Scouts Centenary Dinner

The Colombo District Branch of the Sri Lanka Scout Association celebrates 100 years of Scouting in Colombo this year. Scouting has a rich history commencing in 1914 and producing great leaders to the society. Colombo has been celebrating the centenary year with several events including the Colombo Centenary International Scout Jamboree in Madampe. Lord Robert Stevenson Smyth Baden Powell known as Baden Powell of Gilw

TBWA Sri Lanka shines at Spikes Asia 2014

At the recently concluded Spikes Asia Festival of Creativity, TBWA\Sri Lanka walked away with 3 metals  and a finalist accolade. The recognition came with a Silver Spike in the Design category for the Vesak Print Ad – “Space to Pray” for AIA Insurance and 2 Bronze Spikes in the Radio category for “Sparks” Electric vehicles. The Finalist was for the Outdoor category for the AIA 

Credit and GDP growth paradox

Responding to the ‘creditless growth’ criticism by some quarters, Dr. Weerasinghe said there was a shift in financing the current high levels of economic growth from private credit to off-shore financing, but said economic growth without credit growth is not sustainable.

Risky business of price controls and guaranteed prices

The anticipated national elections have spawned a spate of misguided and unaffordable claims and counter claims. There have been calls for price controls for ‘essential commodities’ and a higher guaranteed price for paddy farmers as well as the introduction of a guaranteed price for fish.

SLASSPA Chief urges professionalism; calls for restrictions on new security licenses

Top civilian security firms in the country agreed to increase the minimum wage of a security guard for a day, implement modern technology, and band t ogether against under quoting i n tenders; especially t o government institutions to ensure survival of t heir i ndustry, at t he inaugural Sri Lanka Security Service Providers’ Association (SLASSPA) CEO Forum which was held at the Hilton Residencies yesterday.

Investment drive deepens economic ties between China and ASEAN

While global attention has been fixed on the geostrategic discord between China and its neighbours in Southeast Asia, their economies have been discovering new harmonies.

Monetary policy transition lag worries Central Bank

The unusual monetary policy transition lag - the time taken for the monetary policy action to reflect in market interest rates and inflation is puzzling Central Bank (CB) officials, as even after 20-months in to the monetary easing, the projected private credit is yet to materialize.

People’s Bank cuts pawning exposure by Rs.120bn

The second largest state sector bank, People’s Bank has cut its pawning exposure by as much as Rs.120 billion from January 2013 through September 30, 2014,

How do we protect children from Internet and Facebook?

Facebook has gained immense popularity as a social media website. It serves to connect millions of people across the world.

PLANTATION MANAGEMENT NEEDS TO BE DYNAMIC AND INNOVATIVE

It is believed in business circles that the plantation industry is no longer a dominant force in Sri Lanka’s economy.

Fox on the Green – Trivia Challenge at In on the Green

Colombo’s favourite watering hole and the neighbourhood fun bar in the heart of the city, In on the Green (IOG) is partnering with the latest radio station to hit local airways Fox914 to bring another unique experience to its patrons.

CAL cautions investors despite Softlogic’s fair cash offer

Though the mandatory offer price of Rs.22 per share for Odel PLC (Odel) shareholders is a fair price, an investment bank has cautioned investors over its highly subjective nature and the valuation being entirely based on historical figures.

CB keeps key policy rates steady

The Central Bank (CB) yesterday decided to keep key policy rates unchanged for the ninth consecutive month in October as it sees a slight turnaround in the private sector credit growth and inflation remaining at benign levels with further downward pressure expected.

Latest career advancement move - Paying women employees to freeze their eggs

Apple and Facebook, two of the world’s biggest techno companies are willing to  pay women staff to freeze their eggs because the companies want to help them build their careers– or as the women would like to have it, empower them to overcome family-related drawbacks in their careers.

Poverty and MDGs in Sri Lanka: What more needs to be done?

Poverty – a condition where people’s basic needs for wellbeing are not being met - is a multidimensional issue that affects most, if not all, nations. Despite huge success in reducing poverty in many parts of the ...........

Etisalat Lanka proudly join hands with the Department of Pensions to empower the Nation's ‘Smart Pe

Etisalat Lanka, one of the leading mobile telecommunications service providers, in partnership with the Department of Pensions, launched a special bundled offer of products and services exclusively for pensioners at the National Pensioners’ Day event. 

EXIM Malaysia keen to invest in infrastructure, IT & energy

Export-Import Bank of Malaysia (EXIM Malaysia) is willing to invest US$500 million in Sri Lanka, and is evaluating infrastructure, IT and energy related ventures in the country.

CIC’s Life-Saving Kidney Dialysis Product

The Pharmaceutical department of CIC’s Healthcare division is creating a significant impact in Sri Lanka’s healthcare sector by providing people with a simple and convenient kidney dialysis product.

Empowering girls in Sri Lanka through Connect to Learn: Ericsson partners with Mobitel and Open Uni

Ericsson and the National Mobile Service provider, Sri Lanka Telecom Mobitel today announced the signing of a memorandum of understanding (MoU) between Ericsson.....

Markets too do need to take profits

The All Share Price Index (ASPI), which rose to 7,406 points, peaked on October 3, 2010 (the highest the index has achieved since the all-time high in February 2011) and started to take a breather in the subsequent days.

Penalising customer loyalty

There’s a huge reservoir of loyalty floating around out there.  People are loyal to their nation. People are loyal to their president. People are loyal to their political party. People are loyal to their club. People are loyal to their school. People are loyal to their religion.  People are loyal to their job. People are loyal to people.

Hemas to exit power biz in Rs.1.68bn deal

Hemas Holdings PLC yesterday said it had entered into a share sale and purchase agreement to fully divest its shareholding in Hemas Power PLC to a consortium of buyers, consisting of NDB Capital Holdings PLC, ACL Cables PLC and Trydan Partners Private Ltd for a consideration of Rs.1.68 billion—Rs.17.90 per share.

Etisalat Lanka proudly join hands with the Department of Pensions to empower the Nation's ‘Smart Pen

Etisalat Lanka, one of the leading mobile telecommunications service providers, in partnership with the Department of Pensions, launched a special bundled offer of products and services exclusively for pensioners at the National Pensioners’ Day event.

CIC’s Life-Saving Kidney Dialysis Product

The Pharmaceutical department of CIC’s Healthcare division is creating a significant impact in Sri Lanka’s healthcare sector by providing people with a simple and convenient kidney dialysis product.

TBWA Sri Lanka and PHD Sri Lanka in ‘BIG’ initiative for Elder’s Day

In most Asian countries, elders played a pivotal role in shaping our local communities. Sri Lanka was no exception, be it conducting rituals on special auspicious days or simply guiding and moulding the younger generation, elders were both revered and respected.