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Economic sentiment at post-war low: Survey

Views - 76 Tuesday, 22 May 2018 00:07

The latest LMD-Nielsen Business Confidence Index (BCI) survey suggests that the downward trend in economic optimism has continued to reach a post-war low in April. Of the corporate executives polled, only 5% expect an improvement in economic conditio

Teejay Lanka doubles capacity of India plant with $15 m expansion

Views - 95 Tuesday, 22 May 2018 00:06

Teejay Lanka, one of the region’s largest textile manufacturers, has announced a doubling of capacity of its Indian mill, following the completion of an expansion project involving an investment of $ 15 million (more than Rs. 2.3 billion at current

Silicon Valley startup peddles 3D-printed bike

Views - 81 Tuesday, 22 May 2018 00:05

Reuters: After a career that included helping Alphabet Inc’s Google build out data centers and speeding packages for Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more

Nivard claims Govt. borrowed high and invested low

Views - 53 Tuesday, 22 May 2018 00:02

Former Central Bank Governor Nivard Cabraal yesterday charged that the Yahapalana regime has borrowed high (6.2%) since election and invested low (2.2%) resulting in an interest gap of 4% on an average reserve of around $ 7 billion. “It is clear t

April inflation drops to 1.6%

Views - 37 Tuesday, 22 May 2018 00:02

Year on year inflation declined to 1.6% from 2.8% in March 2018, which is the lowest since February 2016, the Census and Statistics Department said yesterday (21 may).

ETI Finance depositors to be paid from 5 June: CB

Views - 697 Monday, 21 May 2018 00:41

The Central Bank said yesterday that depositors of troubled ETI Finance Ltd. (ETIFL) would be paid in a phased-out manner starting from 5 June 2018.

Rajapaksas in untiring effort to throw country again into Vipath Maga: Mangala

Views - 171 Monday, 21 May 2018 00:40

Former President and Kurunegala District MP, Mahinda Rajapaksa who is responsible for ruining this country by allowing his family relatives and cronies to plunder the country’s economy and, his siblings, former defence secretary Gotabaya Rajapaksa

Johann, Arjuna appointed to SriLankan Airlines Board

Views - 1793 Monday, 21 May 2018 00:40

Top professionals Johann Wijesinghe and Prof. Arjuna de Silva have been appointed to the SriLankan Airlines Board of Directors.

SLAITO stresses on need for automated immigration processes at BIA

Views - 399 Monday, 21 May 2018 00:39

Stressing on the need for better management of systems and processes at the Katunayake Bandaranaike International Airport, Sri Lanka Association of Inbound Tour Operators (SLAITO) President Harith Perera said Sri Lanka should move faster in adopting

$453 m from ADB for Mahaweli Water Security Investment Program

Views - 165 Monday, 21 May 2018 00:37

The Government yesterday entered into a loan agreement with the Asian Development Bank (ADB) to obtain $210 million to fund the Mahaweli Water Security Investment Program as part of a larger $675 million project.

Sri Lanka world’s sixth best performing wealth market

Views - 890 Monday, 21 May 2018 00:35

Sri Lanka has been ranked as the sixth best performing wealth market for 2016-2017 in the world by a specialist firm, the AfrAsia Bank, in its Global Wealth Migration Review.

The consequences of failure to deduct Withholding Tax from service providers

Views - 510 Monday, 21 May 2018 00:21

The new Inland Revenue Act No 24 of 2017 requires persons who are engaged in a business to deduct 5% as withholding tax when making payments to resident individual service providers.

Jim Bagnola shares mantra for transformative leadership

Views - 137 Monday, 21 May 2018 00:10

Sri Lanka’s first integrated entrepreneurship platform, Venture Frontier Lanka, in association with the Daily FT and Ovibees Ventures, recently held a CEO’s Breakfast Forum on ‘Transforming Sri Lanka with private sector leadership and entrepren

FTA talks with Thailand in July

Views - 49 Monday, 21 May 2018 00:00

Bilateral talks for a Free Trade Agreement (FTA) with Thailand are likely in July this year, Minister Malik Samarawickrama disclosed.

IMF welcomes fuel pricing mechanism

Views - 240 Saturday, 19 May 2018 00:16

Washington, DC: The International Monetary Fund (IMF) says Sri Lanka’s automatic fuel pricing mechanism marks a major step toward completing the energy pricing reforms and would benefit the country and the economy.

No job losses from FTAs: PM

Views - 881 Saturday, 19 May 2018 00:15

Prime Minister Ranil Wickremesinghe, yesterday, assured that no professionals would lose their jobs as a result of any Free Trade Agreements (FTAs) signed by the Government, and if problems are presented, officials would engage to resolve them.

CIA gets its first-ever female boss

Views - 215 Saturday, 19 May 2018 00:01

Washington (Reuters): The US Senate confirmed Gina Haspel on Thursday to be director of the CIA, ending a bruising confirmation fight centred on her ties to the spy agency’s past use of waterboarding and other brutal interrogation techniques.

CSE hits 2-week closing high in thin trade

Views - 60 Saturday, 19 May 2018 00:00

Reuters: Sri Lankan shares rose to a two-week closing high yesterday, led by diversified and banking stocks, but trading was thin as investors waited for more clarity on the political and economic front.

Rupee rises on exporter dollar sales

Views - 182 Saturday, 19 May 2018 00:00

Reuters: The Sri Lankan rupee gained further yesterday due to dollar-selling by exporters and a state bank, days after the Central Bank said underlying fundamentals do not warrant the current downward pressure on the currency.

Immigration officers call off work-to-rule union action

Views - 69 Saturday, 19 May 2018 00:00

Following a written commitment from the Government to adhere to three demands, the Sri Lanka Immigration and Emigration Officers’ Association (SLIEOA) yesterday called off its work-to-rule union action at all the airports and ports of the country.

China Guangxi Product Exhibition kicks off in Colombo

Views - 215 Saturday, 19 May 2018 00:00

The China Gaungxi Product Exhibition kick-started yesterday, showcasing an array of investment opportunities for all local investors and businesses across the country at the Sri Lanka Exhibition and Convention Centre (SLECC).

Business confidence falls to a 70-month low

Views - 424 Saturday, 19 May 2018 00:00

The latest edition of business magazine LMD reports a decline of 19 basis points in the LMD-Nielsen Business Confidence Index (BCI). It fell to 98 in April, a 70-month low. LMD notes that this is the se

CMC temporarily suspends fines charged from parking meters

Views - 240 Saturday, 19 May 2018 00:00

The Colombo Municipal Council (CMC) has temporary suspended all fines charged from parking meters in the city, with effect from yesterday until further notice, due to rising grievances from the general public regarding the high payment system.

President sirisena agrees to meet professionals

Views - 189 Saturday, 19 May 2018 00:00

President Maithripala Sirisena has agreed to meet with representatives of professional associations next week to address concerns of impacts to the local economy from trade deals.

Harin confident of turnaround at ICTA with new management 

Views - 436 Friday, 18 May 2018 00:10

With a fresh management team at the Information and Communication Technology Agency of Sri Lanka (ICTA), Telecommunication

Allianz bullish on Sri Lanka’s insurance landscape

Views - 769 Friday, 18 May 2018 00:10

Given the strong growth potential, global financial services leader Allianz is bullish on Sri Lanka’s insurance landscape

Key stakeholders hold Construction Leadership Forum

Views - 190 Friday, 18 May 2018 00:00

Information communication technology has pervaded every aspect of business processes across all industries.

IPM NHRC 2018 to explore the transformation of HR in the digital world

Views - 64 Friday, 18 May 2018 00:00

An interview with the Chairman of the IPM National HR Conference 2018 Organising Committee – Priyankara Seneviratne

Rs. 2 b SL-US dairy project to double milk production

Views - 1674 Friday, 18 May 2018 00:00

A Rs. 2 billion initiative to double Sri Lanka’s dairy production kicked off yesterday with Prime Minister Ranil Wickremesinghe

Rupee firms up

Views - 261 Friday, 18 May 2018 00:00

Reuters: The Sri Lankan rupee ended firmer yesterday in dull trade due to dollar-selling by a state bank, a day after the Central Bank

Today's Columnists

Is there value in surveillance? Ask the Chinese

Tuesday, 22 May 2018

Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,

Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Monday, 21 May 2018

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.

New mandate to navigate ‘Nation’s management mentor’

Monday, 21 May 2018

I was delighted to be reappointed by the University Grants Commission (UGC) as the Director of the Postgraduate Institute of Management (PIM) for the second term of three years.

Take a check on your Board Directors

Monday, 21 May 2018

The public entrusts the Government to collect taxes and invest them prudently to ensure quality of life. Similarly, the shareholders (minority ones in particular) entrust the Board of Directors to protect and grow their investments.

Columnists More