In Depth

Sustaining ‘The Gathering’

Views - 2920 Wednesday, 5 October 2011 01:12

Officially declared the sixth greatest animal spectacle in the world by Lonely Planet no less, ‘The Gathering’ in Sri Lanka is now being threatened by its own spectacular success.


Hambantota: New haven of hope!

Views - 5642 Thursday, 28 July 2011 01:10

By Nisthar Cassim in Hambantota The first-ever forum in post-war Sri Lanka organised to promote developments and investment opportunities in the Hambantota District last week was a success, with key insights shared as well as issues clarified. Or


‘Hedging-gate’

Views - 4303 Wednesday, 13 July 2011 00:00

The Supreme Court in SC (FR) Applications Nos. 535 & 536/2008 on November 28, 2008 issued interim orders staying the operation of the purported oil hedging alias derivative deals of the Ceylon Petroleum Corporation (CPC). The Supreme Court issued


Highlights from Mid-Year Fiscal Position Report

Views - 1519 Tuesday, 12 July 2011 00:00

The Minister of Finance recently tabled in Parliament the Mid-Year Fiscal Position Report in terms of Section 10 of the Fiscal Management (Responsibility) Act No. 03 of 2003. The purpose of this report is to provide updated information on the Governm


Good corporate governance – It is not systems but people

Views - 2372 Monday, 11 July 2011 00:01

The final module of the popular series of seminars conducted by the Sri Lanka Institute of Directors (SLID) under ‘Contemporary Views on Corporate Stewardship and Boardroom Governance’ took place amidst a significant gathering at the Cinn


CFOs risk profitability by underestimating rapid growth market costs

Views - 1200 Monday, 11 July 2011 00:00

CFOs are underestimating the costs and time involved in entering rapid growth markets according to a new Ernst & Young study. Over a third (36 per cent) of respondents said overall costs were higher than expected and 43 per cent said the investme


For investment managers, meeting wide-ranging regulatory reforms calls for balancing act

Views - 1077 Monday, 11 July 2011 00:00

There’s little argument in the global investment community that the raft of new regulatory reforms designed to address systemic risk, investor protection and governance are complex, overlapping and may have unintended consequences for the indus


CIFL to be a listed company with CSE

Views - 2651 Thursday, 30 June 2011 01:14

Central Investments and Finance Ltd. (CIFL), with a 45-year history, is approaching a landmark achievement in being listed at the Colombo Stock Exchange, said its delighted CEO Jayanth Wickremeratne in an interview recently. The company, intent on


People’s Leasing in the forefront once again

Views - 1848 Thursday, 30 June 2011 01:13

By Shanika Perera Grasping unique opportunities, making use of unexpected openings and braving every adversity, People’s Leasing Company has once again risen to the top, surpassing previous heights. At the end of its financial year, People&


Mercantile Investments records net profit of Rs. 905 m

Views - 1553 Thursday, 30 June 2011 01:09

By Gayani Perera Mercantile Investments (MI), which has now been renamed as Mercantile Investments PLC after registering with the Colombo Stock Exchange, this year successfully completes 47 years of service to the financial industry. The company


To fulfill the aspirations of people, LOFC expands to Kilinochchi

Views - 1273 Thursday, 30 June 2011 01:09

Lanka ORIX Finance Company (LOFC), a member company of the LOLC Group, opened its latest branch in Kilinochchi earlier this week, offering total financial solutions in abundance to the people of this region. The new branch is located at Karadipokku,


Priyan Attygalle managd AMEX Saudi Arabia wins global honours for innovation

Views - 2038 Thursday, 30 June 2011 01:08

RIYADH: American Express Saudi Arabia Ltd. (ASAL) has won American Express Global Network Services President’s Award for outstanding performance in 2010, the company announced. The award was given in recognition of ASAL’s outstanding ma


Multi Finance to convert Rs. 185 m debt into equity

Views - 1001 Thursday, 30 June 2011 01:08

The Board of Directors of Multi Finance Ltd., has recently resolved to convert Rs. 185 million of existing debt granted by the parent/holding company into voting ordinary shares via a private placement. The conversion price will be Rs. 30 with the


Fitch rates DFCC Vardhana Bank’s sub debt ‘A+’

Views - 2120 Thursday, 30 June 2011 01:07

Fitch Ratings Lanka said yesterday it has assigned DFCC Vardhana Bank Limited’s (DVB) proposed subordinated debentures of up to Rs. 1 b a National rating of ‘A+(lka)’. The agency has simultaneously affirmed DVB’s National Long


People’s Bank readies for gala 50th anniversary celebrations

Views - 3701 Thursday, 30 June 2011 01:06

President to preside over main event, plans commemorative volume, stamp and coin, donates 50 houses for resettled families in Mannar (strap) People’s Bank is readying to celebrate its 50th anniversary in style with several programmes planned


Softlogic Finance shifts into high gear with Daihatsu

Views - 5514 Thursday, 30 June 2011 01:04

High-riding Softlogic Finance Plc has heralded the arrival of the spectacular new 2011 Terios range from Daihatsu on which it is offering an equally prodigious range of flexible leasing packages to those customers eager for a piece of the action. T


HNB Leasing – Your most trusted partner in leasing

Views - 2854 Thursday, 30 June 2011 01:04

Having started leasing services in 1991, HNB was the first private commercial bank to move into the leasing sector. Continuously experiencing a very progressive and steady growth over the years, today HNB stands at the forefront of leasing in the ban


Capital market converges to carve way forward

Views - 1381 Friday, 24 June 2011 02:38

Dialogue is always a healthy exercise and brainstorming is effective. This is what took place at the strategically important two-day workshop on the future of the capital markets organised by the Securities and Exchange Commission (SEC) last weekend.


Is the market over regulated or not?

Views - 1418 Friday, 24 June 2011 02:32

IS the market over regulated or not?The two-day capital market workshop’s most active session was the one which debated the issue of whether the stock market is over regulated or not. Despite it being the hot topic as well as a good exchange


Heraymila Securities CEO Ravi’s broadside on John Keells; ‘Pump and dump’ and key challenges for cap

Views - 2890 Friday, 24 June 2011 02:32

HERAYMILA Securities Ravi Abeysuriya in his presentation referred to the manipulative practice of “pump and dump,” which eventually turned out to be the catch phrase during the rest of the workshop, in addition to drawing several question


Challenge and change

Views - 1771 Thursday, 23 June 2011 01:19

By Cassandra Mascarenhas ‘Changing Challenge – Challenging Change’ was the bold theme of the two-day CIMA Business Leaders Summit 2011, one that is apt in the face of constantly changing dynamics in the business world which calls


Sri Lanka: It’s not about the cricket

Views - 1856 Monday, 13 June 2011 00:00

The London Stock Exchange’s decision last week to host a “Sri Lanka Day” had a great deal more behind it than a desire to showcase the best of Sri Lanka industry to the London investment community. London is clearly hoping that the


A golden decade for real estate

Views - 2599 Thursday, 2 June 2011 00:00

NDB Stockbrokers has declared that a golden decade for real estate is emerging in post-war Sri Lanka, especially in the context of firm plans by the Government to redevelop urban areas and boom in commercial and housing properties. Here are excerpts


Filtering lifeblood

Views - 1680 Friday, 27 May 2011 00:01

For Indrani Silva (54) the day starts before dawn. Getting up at 2 a.m. every morning she makes short eats, vadai and string hoppers for around 10 shops near her village Chandana Pokuna in Polonnaruwa.


Telecom sector 2011: Intense competition, better operating environment

Views - 2270 Wednesday, 25 May 2011 00:00

Competitive issues to pressure margins: Fitch Ratings expects competition among Sri Lanka’s telecoms operators to remain high through 2011.  


Corporate stewardship and Boardroom governance

Views - 3414 Monday, 25 April 2011 00:00

Chairman of Commercial Bank PLC Mahendra Amarasuriya led the panel of highly-experienced business leaders who gathered together recently in the Ivy Room of the Cinnamon Grand Colombo to discuss contemporary issues faced by the corporate boards of tod


Where Sri Lanka is headed – IMF view

Views - 3493 Thursday, 17 March 2011 00:01

The Colombo University MBA Alumni Association's Management Conference titled ‘Beyond Traditional Boundaries’ was held last week at the Cinnamon Lakeside. Speakers from diversified paths of society shared their thoughts, journey, tribu


Critical issues faced by a Board of Directors

Views - 2790 Tuesday, 15 March 2011 00:00

The Sri Lanka Institute of Directors (SLID) has embarked on an initiative to address a variety of issues intimately concerned with the overall standards of corporate governance with specific reference to Sri Lanka, noted Mahen Dayananda, launching in


The great boardroom debate: Majority Vs minority shareholders – Who is more important?

Views - 3569 Thursday, 10 March 2011 00:17

By Cheranka Mendis The Institute of Chartered Corporate Sectaries of Sri Lanka and the Daily FT on Friday held a friendly but stimulating and thought provoking debate on corporate governance and the interests of majority and minority shareholders t


Is there a dearth of independent directors in Sri Lanka?

Views - 2012 Tuesday, 22 February 2011 00:01

The Sri Lanka Institute of Directors conducted the third module in its series of panel discussions on ‘Contemporary Views on Corporate Stewardship & Boardroom Governance’ at the Cinnamon Grand recently. This was led by Rajendra Theaga


Today's Columnists

Untruth is the crisis

Tuesday, 13 November 2018

Political language, said George Orwell, is designed to make lies sound truthful, murder respectable, and to give an appearance of solidity to pure wind. Dr. Sarath Amunugama is the subject of this essay. In addition to his current incarnation of a p


Rise, Sri Lankans – our country needs you now!

Tuesday, 13 November 2018

I am sick, tired and bloody fed up of reading and listening to pessimistic tales of woe on the unprecedented crisis we and our country are facing at this dark moment in time. I am also fed up to the back teeth with reading and listening to lamentatio


Ranil abused and subverted parliamentary democracy

Tuesday, 13 November 2018

TIME: What was the immediate reason for calling an election? President Kumaratunga: I was forced into it by a total breakdown of cohabitation in Government. The Prime Minister (Ranil Wickremesinghe) was determined to harass me and chase me out. He ha


The Bench must ensure that the judges will continue to be trusted

Monday, 12 November 2018

In the backdrop of the recent developments and the strong arguments that have been presented against the dissolution of Parliament saying the President has no constitutional power to do so, before four and a half years into a Parliamentary term, as s


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