Lankans need change in attitude

Having completed three years after eradicating terrorism, this is an ideal time for all of us to look back and analyse our recent achievements in many aspects such as social, economic, etc. Thus, citizens of a country who suffered almost three decades terrorism brutality need to rethink about the way they live their lives. Hence, people have to have a change in their attitude in order to move forward towards sustainable development.

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SEC to introduce interim remedies to mitigate settlement risks

Securities and Exchange Commission (SEC) has decided to implement several key interim measures to reduce settlement risk involving the transactions of the Colombo Stock Exchange (CSE) until a Central Counter Party (CCP) is in place.

Hemas Power too falls victim to exchange losses, cost rises

The net profit of the hydro power unit of the Hemas Holdings PLC fell steeply amidst cost increases and exchange losses, the financial interims released to the Colombo Stock Exchange (CSE) showed.

Indian nuclear power generation and impact on Sri Lanka

India with a population of 1.1billion is the fifth largest consumer of energy, and by 2030 it is expected to become the third largest. overtaking Japan and the Russian Federation.

Hayleys launches first pesticide-free termite protection system

A new paradigm in subterranean termite protection for buildings has been introduced to Sri Lanka by the Hayleys Group to offer an eco-friendly long-term solution for a problem that affects an estimated one in five houses in the country.

China in Africa and lessons for Sri Lanka

For a continent that attributes itself to man’s evolution some 6 million years ago and reminds us our roots are in Africa, there is little other than famine, drought, poverty, disease, poor leadership, religious conflicts, ethnic conflicts that depicts Africa.

Dollar borrowings send some listed corporates reeling

Sri Lanka’s listed corporates so far have incurred over Rs.5.7 billion loss as foreign exchange losses due to the depreciation of the Lankan rupee (LKR) against the US dollar, a quick compilation of data by Mirror Business revealed.

BBDO Lanka launches Asia’s first mechanical air cleaning billboard

With a reputation for consistently delivering innovative and creative ideas that work, BBDO Lanka, a part of BBDO Worldwide, presented an idea that has the potential to revolutionize the scope of environmental conservation. The launch of Asia’s first mechanical air cleaning hoarding – a hoarding that actually filters certain harmful content from the surrounding air, purifies it and releases the purified air back to the environment.

A well-run staff meeting leads to positive results

Staff meetings have become a vital and inevitable part of day-to-day business. If conducted with proper etiquette, all participants – including the leader can leave the meeting with that warm feeling that they have accomplished a lot,

Dos and don’ts in the primary market

The key function of the primary market is to facilitate capital growth by enabling individuals to convert savings into investments. It facilitates companies to issue new stocks to raise money directly from households for business expansion or to meet financial obligations.

Legal alcohol now beyond reach for the poor - Shah

Exorbitant taxes on alcoholic beverages, particularly beer, in combination with other restrictions on sales and marketing may inadvertently fuel the demand for illicit liquor, according a Chief Executive Officer, Lion Brewery (Ceylon) PLC.

The Fortress recognized among Asia Pacific’s best hotels

The best hotels, hotel architecture, interiors, construction and design across the entire Asia Pacific region were celebrated at the J W Marriott Hotel in Kuala Lumpur on April 27.

Tea tussle hots up; planters hit back

Responding to the statement made by the Tea Exporters Association (TEA) on Tuesday, the Planters’ Association of Ceylon (PA) yesterday said that they are completely against the proposed importation of orthodox black teas of foreign origin to the country.

Tea tussle

Sri Lanka’s tea exporters yesterday said that they are committed to preserve the brand ‘Pure Ceylon Tea’, but stressed the country’s export share in the world tea market should be expanded to avoid deterioration of Sri Lanka’s position as a major tea exporting nations.

Ceylinco Insurance (General) rewards top performers

Ceylinco Insurance – General recognised and handsomely rewarded its dynamic and dedicated sales team, at the recently concluded Annual Sales Conference and Awards Ceremony 2011.

NSB-TFC deal is 'peanuts' compared to alleged fraud involving EPF says Harsha

United National Parliamentarian and economist Dr. Harsha de Silva releasing a statement said that the alleged misuse of public funds in the controversial The Finance National Savings Bank deal is ‘peanuts', when compared with alleged fraudulent transactions involving the Central Bank managed Employees' Provident Fund (EPF) in the Colombo Stock Exchange, for the last two years.

Brewing tea crisis

A former tea industry personality plans to file legal action once again, this time on the grounds of ‘Contempt of Court’, in relation to the recent talks by authorities for setting up a tea hub or blending centre in the island.

NR supply uncertainty and price boom

By Dr. N.Yogaratnam Expectations of a faster global economic growth have been partly dampened by worries of China’s economic slowdown and higher energy prices even as outlook for the U.S. and Japan has brightened.

Free hand vital to tackle market issues – SEC Chief

By Indika Sakalasooriya Q:Has your perception about Colombo Stock Exchange changed after becoming the regulator? Well, Colombo Stock Exchange compared to some of the more mature capital markets was not really performing up to expectations. I’m not talking about volumes, but the regulatory aspects of the market...........

The business of IT: Sri Lanka aims for the cloud

By Chrishan Fernando The world has become highly instrumented, interconnected, and intelligent: From our food and water, to our energy, homes and transportation, to our cities and government and, of course, our businesses. ‘Gadgets, mobility, connectivity and speed’ is the axiom of today’s technology-driven world.

Meaningful conflict at workplace is a win-win strategy

If you are a manager or a supervisor who would conduct regular meetings with your team members, the following scenario might be a common experience for you.   You discuss with the participants about an important issue, offer your recommendation then ask the question: “Are we all agreed on this?” All team members agree in unison but upon leaving the room, (give or take five minutes) majority of the same people begin to complain a

‘Investor Association’ to voice CSE’S minority concerns

Sri Lanka’s Securities and Exchange Commission (SEC) is to establish an ‘Investor Association’ to safeguard minority shareholder interests as well as function as a whistleblower against unlawful activities taking place in the Colombo Stock Exchange (CSE), a top SEC official said.

SEC stuck with reversing NSB-TFC deal; T+1 non-compliance remains puzzle

Securities and Exchange Commission (SEC) is said to be currently evaluating the legal options available to reverse the Rs.390 million controversial The FinanceNational Savings Bank deal, Mirror Business learns.

Forex losses push Dialog Axiata into red

Dialog Axiata PLC recorded a net loss of Rs.531 million in the first quarter ending March 31, 2012 against a net profit of Rs.1 billion in the corresponding quarter of the previous year.

Galadari announces serious capital loss

Galadhari Hotels (Lanka) PLC yesterday said that the company is currently facing a serious capital loss.“We wish to notify you hereby that the company's unaudited financial statements for the quarter ended 31 March, 2012 discloses that it is currently facing a position of serious loss of capital,” a disclosure filed by the company said.

Does PR industry in Sri Lanka add value to the media?

The media in Sri Lanka both print, electronic and even the internet is being well regulated. The words regulation and media at first sight may seem like acronyms, since free media may sometimes be perceived as unregulated to the uninitiated. But to insiders, it is well-known that there are many rules, regulations and norms that apply.  Journalists cannot write stories without proper sourcing, checking and being mindful of defamation laws or

Innovation is good for entrepreneurship, but being pragmatic helps

Entrepreneurship is alive and well in Sri Lanka – especially the start-ups initiated by enterprising young women. Every day, you hear of one more designer boutique, one more cupcake venture and one more young woman, talented, ambitious and capable, announce launching her own brand or her own label.

SEC summons Taprobane directors over TFC - NSB deal

The Securities and Exchange Commission (SEC) will be meeting the Board of Directors of Taprobane Securities today in connection to the contentious The Finance - National Savings Bank deal, a SEC top official said.

TFC-NSB transaction strictly private, no impact on company, depositors- Top officials - NSB transact

Representatives of The Finance Company PLC (TFC) assured the public yesterday that the company would not be affected by the recent controversy over the sale of a 13% stake in TFC to National Savings Bank (NSB).