UBM India flags off India-Sri Lanka Renewable Energy Growth Forum

Published : 1:10 am  March 26, 2015  |  Category: Business  |  Leave a Comment  |  890 views  |  

UBM India recently hosted the India-Sri Lanka Renewable Energy Growth Forum 2015 at the Galadari Hotel, Colombo. The one-day conference aimed to accelerate the growth of renewables in the region through collaboration and technology and product share. The conference, bringing together key decision makers and leading professionals addressed policy, technology, finance and other important drivers for increased deployment of renewables, leading to energy security and economic growth. The inaugural ceremony was represented by eminent renewable energy expert, Nobel laureate and energy advisor to Sri Lanka Government, Prof. Mohan Munasinghe delivering the keynote address. The Climate Group (India) Director... 


Weekly W. Avgs continue to dip considerably ahead of bond auctions

Published : 12:35 am  March 26, 2015  |  Category: Business  |  Leave a Comment  |  280 views  |  

By Wealth Trust Securities Weekly weighted averages (W. Avgs) continued their downward spiral at yesterday’s auction as well for a second consecutive week across all three maturities. The 91 day and 364 day maturities reflected dips of 19 basis points (bp) each to 6.60% and 6.80% respectively, closely followed by the 182 day maturity by 17 bp to 6.70%. The 364 day maturity continued to dominate the auction as it represented 50% of the total accepted amount of Rs. 21.5 billion, which was Rs. 5.5 billion higher than the initial total offered amount of Rs. 16 billion. Table 1 gives details of the auction. Meanwhile in secondary bond markets, yields were seen dipping as well across the yield curve... 


13th South Asian Management Forum kicks off in Colombo today

Published : 12:33 am  March 26, 2015  |  Category: Business  |  Leave a Comment  |  345 views  |  

The Institute of Certified Professional Managers (CPM), a member of the Association of Management Development Institutions of South Asia (AMDISA), will host the 13th South Asian Management Forum at the Taj Samudra on 26 and 27 March. The Association of Management Development Institutions consists of management institutions in the South Asian Region and the Forum will be represented by members from India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Afghanistan. The theme of this year’s conference is ‘Management and Sustainability – South Asian Perspective’. The conference will be inaugurated on 26 March by Chief Guest Minister of Public Administration, Buddha Sasana and Democratic... 


French Fortune 500 shipping company cgm cma starts new BPO company in Sri Lanka

Published : 12:50 am  March 25, 2015  |  Category: Business  |  Leave a Comment  |  617 views  |  

Eran Wickramaratne formally inaugurating the new Shared Service Centre of CMA-CGM in Colombo     CMA-CGM Shared Service Centre Lanka Ltd. signed an agreement with BOI in September 2014 to commence operations in Sri Lanka with an investment of $ 2.5 m. The main business activity of this BPO is to provide BPO/shared services to the CMA-CGM Group companies worldwide. CMA-CGM is the third largest shipping company in the world. It is also the number one carrier in France. CMA is present in 150 countries through its network of over 650 agencies that employ more than more than 20,000 worldwide. With a young and diversified fleet of 445 vessels, the CMA CGM Group serves 400 of the world’s... 


Emir of Qatar, Sri Lankan President discuss bilateral cooperation

Published : 12:49 am  March 25, 2015  |  Category: Business  |  Leave a Comment  |  1,755 views  |  

The Emir of Qatar, Shaikh Tamim Bin Hamad Al Thani, was greeted by President Maithripala Sirisena at a special ceremony held yesterday at the Presidential Secretariat in Colombo – Pix by Sudath Silva     The Emir of Qatar Sheikh Tamim Bin Hamad al-Thani arrived in Sri Lanka on Tuesday for a brief state visit at the invitation of President Maithripala Sirisena. The Emir of Qatar, who is on a tour of South Asia, was warmly welcomed upon his arrival at the Bandaranaike International Airport by the Minister of Foreign Affairs Mangala Samaraweera. Sri Lankan President Maithripala Sirisena welcomed the Qatari leader with state honours at the Presidential Secretariat. The Qatari leader’s... 


Big names come together to launch The Fashion Design Council of Sri Lanka

Published : 12:48 am  March 25, 2015  |  Category: Business  |  Leave a Comment  |  612 views  |  

Executive Board Member FDCSL Upeksha Haeger, Executive Board Member FDCSL Dirk Flamer Caldera, Executive Board Member FDCSL Fouzul Hameed, Executive Board Member FDCSL Ajai V. Singh, Executive Board Member FDCSL Yoland Aluwihare and Executive Board Member FDCSL Darshi Keertisena – Pic by Sameera Wijesinghe     By Shehana Dain After three years of work in progress, the Fashion Design Council of Sri Lanka (FDCSL) was officially launched yesterday to champion the designer community and make fashion a major industry. Prior to the launch of the FDCSL, Council members studied the strategies and structures of other fashion councils around the world, in order to formulate an effective model. Over... 


Govt. in a dilemma to increase private sector wages

Published : 12:31 am  March 24, 2015  |  Category: Business  |  3 Comments  |  668 views  |  

Seeks private sector assistance   By Charumini de Silva The Government yesterday urged the private sector to come up with a solution where both parties could agree upon productivity measures that will bring stability to the labour force. Policy Planning and Economic Affairs Deputy Minister Dr. Harsha de Silva yesterday said that the Government was now facing a real dilemma as they were unable to deliver the promised salary increments for private sector employees. He pointed out that it was important to bring in the equation of labour and wages in sustaining a stable labour market “Currently we have a very serious discrepancy with people who work for the State enjoying pension benefits... 


New Zealand Trade Commissioner wants more tie-ups with Sri Lanka

Published : 12:30 am  March 24, 2015  |  Category: Business  |  Leave a Comment  |  391 views  |  

The New Zealand Trade Commissioner for New Delhi and Colombo Kevin Mckenna recently visited the Ceylon Chamber of Commerce to discuss ways and means of exploring potential investment and trade opportunities between Sri Lanka and New Zealand. During the discussion held with Ceylon Chamber of Commerce CEO/Secretary General Mangala Yapa, Mckenna said that New Zealand was keen on enhancing commercial ties with Sri Lanka. He highlighted the importance of making a strategic plan to link up businesses of both countries, which could then focus on building various economic partnerships.               “We want to come out with a strategy to link Sri Lankan and the... 


New prices of canned fish & cement

Published : 12:30 am  March 24, 2015  |  Category: Business  |  Leave a Comment  |  506 views  |  

As the industry players and suppliers gradually chipped in, Sri Lanka announced the reduced consumer prices of cement and canned fish are now live, as announced on 23 March-and calls were issued for more industry players to support the relief effort. “The interim budget of our government aimed at giving relief to consumers. We thank the industry and suppliers for coming forward and supporting our initiative to give relief to our suffering consumers” said Industry and Commerce Minister Rishad Bathiudeen. He was  joined by the Finance Minister Ravi Karunanayake at a press briefing on latest developments of consumer price relief given by the recent interim budget of the government of President... 


MTD Walkers optimistic further investigations will vindicate baseless accusations

Published : 12:00 am  March 23, 2015  |  Category: Business  |  2 Comments  |  621 views  |  

Says Expert Committee announcement that groundwater in Jaffna does not have dangerous pollutants a great relief to the general public The NPC-appointed Expert Committee The announcement that regional groundwater in and around Chunnakam in Jaffna does not contain dangerous pollutants was a great relief to the public and is a major positive step, according to MTD Walkers Plc – the parent company of the Northern Power Plant of Chunnakam. “The announcement by the Expert Committee appointed by the Northern Provincial Council to study the water contamination issue in Jaffna, that there were no dangerous septic pollutants in the groundwater, is a major relief to the people of the Northern... 


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