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
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
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 Amazon.com Inc to customers, Jim Miller is doing what many Silicon Valley executives do after stints at big companies: finding more
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
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).
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.
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
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.
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
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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).
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
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.
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.
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
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
Views - 190 Friday, 18 May 2018 00:00
Information communication technology has pervaded every aspect of business processes across all industries.
Views - 64 Friday, 18 May 2018 00:00
An interview with the Chairman of the IPM National HR Conference 2018 Organising Committee – Priyankara Seneviratne
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
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
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,
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.
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.
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.