Geographical Indication for Ceylon cinnamon soon

In response to a longstanding cry by the spices and allied exporters, action is now underway to obtain the Geographical Indication (GI) for Ceylon cinnamon and other allied products......

Etisalat kicks off ‘Game of Tunes’ Promotion

Grand Prize, a Rs. 4 million worth brand new Chery Tiggo SUV, daily and weekly cash prizes on offer

Transformational leader will develop collaborative interpersonal relationships

That good relationships among team members should have an apparently positive impact on team performance makes sense.

Eight Young Sri Lankans to represent Sri Lanka at Spikes Asia 2014

Wednesday 17th September 2014, Colombo: Six young professionals and two young students from Sri Lanka’s advertising industry, have been selected to represent the country at the annual Young Spikes competition which will take place at the Spikes Asia Festival 2014  in Singapore from 23 to 26 September 2014.

TOUCHWOOD CASE : Motion filed to obtain asset details from ex-directors

The petitioner in the Touchwood winding up case yesterday filed a motion to summon all former directors of the company in order to obtain details about company assets.

What is a gender audit and how can we benefit from it?

From the first time a groundbreaking gender audit was outlined in the Australian Parliament in 1983 to its adaptation by over 40 countries later on, a gender audit has strived to measure the impact national policy has on women.

Latest survey reveals interesting facts about country’s rich & poor

In an interesting revelation, the latest Household Income and Expenditure Survey (HIES) showed Sri Lanka’s poorest 20 percent households live on a monthly income of Rs.10, 245 while the richest 20 percent receive a monthly income of Rs.121, 368.

Colombo Agile Conference 2014 a resounding success

Sri Lanka’s largest gathering of ‘Agilists’ unfolded last month as the Colombo Agile Conference 2014, held for the second consecutive year, brought together over 400 IT professionals to dissect the latest trends and best practices in Agile software development – one of most popular development concepts in the world today.

July trade gap widens 55%; fuel imports spoil positive trend

Reversing the nine-month trend, Sri Lanka’s trade deficit widened by 55.2 percent to US $ 891 million in July 2014 from a year ago, due to rise in fuel imports as the country imported more of refined oil instead of crude oil.

Mihin Lanka hosts commercial conference and felicitates agents at an evening of cocktails

Mihin Lanka recently hosted a Commercial Conference and an evening of cocktails for Agents at the Galadari, Colombo. Both events were graced by the Chairman of Mihin Lanka, Nishantha Ranatunga, and the Senior Mangement Team.

Commissioning of Lower Kotmale Hydro Power Plant Financed by Amãna Bank

A ceremony was held at the Corporate Office of Amãna Bank with the attendance of key officials from the Bank and Vidullanka PLC in order mark the successful completion and commissioning of the Lower Kotmale Hydro Power Plant project.

Sri Lanka–Israel trade surges 178% since trade pact

As Sri Lanka’s bilateral trade with the Holy Land surged by 178 percent since 2007, Sri Lanka has signalled even closer B2B links with the historic State.

Higher capital needs to trim future banking returns

As a result of the stricter and higher equity Tier I capital requirements demanded by the forthcoming BASEL III rules,...

Did we learn anything from ALS Ice Bucket Challenge?

It was all for a good cause but the ALS Ice Bucket Challenge came, conquered and left the rest of us feeling vanquished with the speed,...

Sri Lanka’s potential to become a regional exchange

sri Laka’s neutrality in the politically divided Souh Asian (SA) region and impending reforms in the country’s financial sector will unleash Sri Lanka’s potential...

Banks will require more capital from govt:Deloitte

State coffers will have to inject billions of rupees to state-owned banks in ensuing 5-years to meet the increased capital requirements under BASEL...

Governance of financial institutions, key to country’s economic progress

Few public policy issues have moved from the wings to center stage as quickly and decisively as corporate governance.

The rise of Sri Lanka’s e-government services

Sri Lanka as a country is growing rapidly in every aspect. The country has achieved better gross domestic product (GDP) rates,...

New Head of School at OSC

After arriving in Sri Lanka in mid-July, Philip Joslin assumed his duties as the Head of School at the Overseas School of Colombo (OSC). 

99X Technology takes gift of sight to Polonnaruwa

Although it’s not a statistic that leaps out at one often, given the many severe health issues that ail the human populace, shockingly, in this day and age when healthcare is available to most, about 300 million of the world’s population suffers from low vision due to being unable to afford corrective lenses.

NSB to raise US $ 250mn via another int’l bond issue

State-run banking giant, National Savings Bank (NSB) is drawing up plans to sell a US $ 250 million international bond in the near future to fund its operations.

Central Bank’s Consolidation programme steaming ahead

The Central Bank has approved a total of 29 proposals of seven banks and 22 non-bank financial institutions (NBFI) under the ongoing financial sector...

HRM Awards 2014

The Association of Human Resource Professionals (HRP) will organize the HRM Awards, the recognized benchmark for industry best practices in Human Resources, for the 6th time in 2014.

Sri Lanka’s hard infrastructure drive phasing out: IMF

Sri Lanka’s first phase of economic development i.e. putting the hard infrastructure in place is now gradually phasing out and thus it is time authorities shift focus...

Receiving feedback with grace and dignity is an essential leadership skill

Last week we noticed that it is essential to know yourself in order to be authentic. It is a genuine reality.

Art of proposing turned into a thriving biz - How innovative entrepreneurship is alive

When it comes to entrepreneurship, innovation counts more than any other business element. The spirit of innovation was the launching pad for many a thriving business; from Facebook that grew as a social networking site for campus students to Google.

MTD Walkers to foray into real estate with Wincon acquisition

Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said its board gave the approval to acquire Wincon Development Ceylon (Private) Limited (Wincon), the local unit of the Malaysian property development company, Metacorp Berhad (Metacorp), for a consideration of Rs.2.17 billion.

Seychelles gateway to Africa: Minister

The Seychelles invited Sri Lanka t o use t heir country as a platform to dive into the virtually untapped African continent with trade and investment, at the Seychelles Trade and Investment Forum held yesterday.

USD 20 bn export target by 2020: Aiming to be mediocre

The government has a target to increase exports to USD 20 billion by 2020 (a doubling from 2011). This target is presented as ambitious. This insight argues the opposite.  The 2020 target is rather mediocre, and it’s aiming too low. Yet, even with such a low bar, it may still be out of Sri Lanka’s reach.

Future Lankan dollar-bond issuances to attract lower yields

The future Sri Lankan issuers will attract lower yields in the international capital markets, increasingly enabling them to tap into cheaper funds, according to a capital market expert.