World’s third largest shipper to set up BPO here

France’s top-ranked company and the world’s third largest container shipping company, CMA-CGM Group is to set up a Shared Service Centre (SSC) in Colombo...

The challenge of getting more women into leadership roles

Today despite all the hype, at the top, only 24 of the Fortune 500 CEOs are women, which is less than 5 percent. In Sri Lanka,...

Colombo Stock Exchange to benefit from FDIs?

September thus far has brought a bag of goodies for the Colombo Stock Exchange (CSE) and the Sri Lankan economy by way of positive economic news...

Tourism statistics: Dimensions of awareness and comparisons

The downing of Malaysian Airlines flight MH17 by a high altitude missile, whilst flying over Ukraine,...

CB gets tough; pushes banks to cut lending rates

The Central Bank (CB), disturbed by the massive excess liquidity lying with the banking sector without productive usage,...

Sri Lanka climbs in income and declines in competitiveness

The Global Competitiveness Report is produced by the World Economic Forum and currently compares and ranks the competitiveness landscape of 144 countries.

Confectioners cry foul at govt. tax policy

Sri Lanka’s confectionary manufacturers charged the government that the existing tax policy is virtually killing the local industry and as a result,...

Space for review of critical national issues

Early Monday 22nd September morning, a business leader rings and states “Wow! Now there is light at the end of the tunnel”.

Anti-dumping and countervailing measures vital for Sri Lanka

It is very important to implement anti-dumping regulations  in Sri Lanka. In other words, a common mechanism to protect our domestic industry from...

Banks will require more capital from govt:Deloitte

State coffers will have to inject billions of rupees to state-owned banks in ensuing 5-years to meet the increased capital requirements under BASEL III rules which are forthcoming, according to a global consultancy firm.

Central Banks catch the renminbi fever

Adopted at pace by central banks around the world, China’s renminbi (RMB) is now seen by many as a de facto reserve currency – and well underway to...

Sri Lanka’s potential to become a regional exchange

Sri Lanka’s neutrality in the politically divided South Asian (SA) region and impending reforms in the coutry’s financial sector will unleashSri Lanka’s neutrality in the politically divided South Asian (SA) region and impending reforms in the coutry’s financial sector will unleash.......

Transformational leader will develop collaborative interpersonal relationships

That good relationships among team members should have an apparently positive impact on team performance makes sense.

TOUCHWOOD CASE : Motion filed to obtain asset details from ex-directors

The petitioner in the Touchwood winding up case yesterday filed a motion to summon all former directors of the company in order to obtain details about company assets.

What is a gender audit and how can we benefit from it?

From the first time a groundbreaking gender audit was outlined in the Australian Parliament in 1983 to its adaptation by over 40 countries later on, a gender audit has strived to measure the impact national policy has on women.

Latest survey reveals interesting facts about country’s rich & poor

In an interesting revelation, the latest Household Income and Expenditure Survey (HIES) showed Sri Lanka’s poorest 20 percent households live on a monthly income of Rs.10, 245 while the richest 20 percent receive a monthly income of Rs.121, 368.

July trade gap widens 55%; fuel imports spoil positive trend

Reversing the nine-month trend, Sri Lanka’s trade deficit widened by 55.2 percent to US $ 891 million in July 2014 from a year ago, due to rise in fuel imports as the country imported more of refined oil instead of crude oil.

Sri Lanka–Israel trade surges 178% since trade pact

As Sri Lanka’s bilateral trade with the Holy Land surged by 178 percent since 2007, Sri Lanka has signalled even closer B2B links with the historic State.

Higher capital needs to trim future banking returns

As a result of the stricter and higher equity Tier I capital requirements demanded by the forthcoming BASEL III rules,...

Did we learn anything from ALS Ice Bucket Challenge?

It was all for a good cause but the ALS Ice Bucket Challenge came, conquered and left the rest of us feeling vanquished with the speed,...

Sri Lanka’s potential to become a regional exchange

sri Laka’s neutrality in the politically divided Souh Asian (SA) region and impending reforms in the country’s financial sector will unleash Sri Lanka’s potential...

Banks will require more capital from govt:Deloitte

State coffers will have to inject billions of rupees to state-owned banks in ensuing 5-years to meet the increased capital requirements under BASEL...

Governance of financial institutions, key to country’s economic progress

Few public policy issues have moved from the wings to center stage as quickly and decisively as corporate governance.

The rise of Sri Lanka’s e-government services

Sri Lanka as a country is growing rapidly in every aspect. The country has achieved better gross domestic product (GDP) rates,...

NSB to raise US $ 250mn via another int’l bond issue

State-run banking giant, National Savings Bank (NSB) is drawing up plans to sell a US $ 250 million international bond in the near future to fund its operations.

Central Bank’s Consolidation programme steaming ahead

The Central Bank has approved a total of 29 proposals of seven banks and 22 non-bank financial institutions (NBFI) under the ongoing financial sector...

Sri Lanka’s hard infrastructure drive phasing out: IMF

Sri Lanka’s first phase of economic development i.e. putting the hard infrastructure in place is now gradually phasing out and thus it is time authorities shift focus...

Receiving feedback with grace and dignity is an essential leadership skill

Last week we noticed that it is essential to know yourself in order to be authentic. It is a genuine reality.

Art of proposing turned into a thriving biz - How innovative entrepreneurship is alive

When it comes to entrepreneurship, innovation counts more than any other business element. The spirit of innovation was the launching pad for many a thriving business; from Facebook that grew as a social networking site for campus students to Google.

MTD Walkers to foray into real estate with Wincon acquisition

Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said its board gave the approval to acquire Wincon Development Ceylon (Private) Limited (Wincon), the local unit of the Malaysian property development company, Metacorp Berhad (Metacorp), for a consideration of Rs.2.17 billion.