Export-Import Bank of Malaysia (EXIM Malaysia) is willing to invest US$500 million in Sri Lanka, and is evaluating infrastructure, IT and energy related ventures in the country.

The All Share Price Index (ASPI), which rose to 7,406 points, peaked on October 3, 2010 (the highest the index has achieved since the all-time high in February 2011) and started to take a breather in the subsequent days.

There’s a huge reservoir of loyalty floating around out there.  People are loyal to their nation. People are loyal to their president. People are loyal to their political party. People are loyal to their club. People are loyal to thei

Hemas Holdings PLC yesterday said it had entered into a share sale and purchase agreement to fully divest its shareholding in Hemas Power PLC to a consortium of buyers, consisting of NDB Capital Holdings PLC, ACL Cables PLC and Trydan Partners Privat

As a result of the continuous awareness campaigns conducted on the benefits of listing on the Colombo Stock Exchange (CSE), there are now more than 50 companies in the pipeline seeking listings on the bourse, according to the capital market regulator

Sri Lanka is one of the least urbanized countries in the world. Sri Lanka’s low level of urbanization appears to be an exception for a middle-income country. Possible reasons for low urbanization include historical factors such as development o

Sri Lanka’s economy is growing steadily and recorded a gross domestic product (GDP) of 7.8 percent p.a. at the end of the second quarter this year. An improving external environment, higher investments and a recovery in domestic consumption, al

We have seen how successful leaders have mastered the art of self-leadership. They are authentic, reliable, fair and trustworthy and also compelling. Such leaders have also taken time to crystallize a personal vision of the future, which will become

The Hong Kong-based luxury hotel developer, Shangri-La Hotels and Resorts is to invest on a residential apartment complex in Sri Lanka, and the land transfer towards it is expected to take place this week, according to the country’s Investment

President Mahinda Rajapaksa has asked the ruling coalition ministers to prepare for a ‘national election’ which is to be announced shortly. According to Investment Promotion Minister Lakshman Yapa Abeywardena, they have not still been to

The country’s Treasury Secretary yesterday asked the pensioners who live on interest received on fixed deposits to invest their money in the stock market as going...

It is no secret that our habits, whether at work or leisure, have been transformed overnight with the arrival of the smartphone.

The trade deficit widened for the second month in a row as the August trade deficit expanded by 32 percent to US $ 733.2 million,...

Economic research and theory is quite clear on the ‘returns to education’: education is generally positively correlated with jobs and income levels.

Barry Posner, in his best-selling book – ‘The Leadership Challenge’ – says that the qualities we want in a leader are essentially the same ones we want in a friend or co-worker or a partner, ‘except for one’. In le

Despite much optimism over the 2H14 private sector credit growth, the latest data shows that Sri Lanka’s banking sector credit to the private sector firms and the personal customers in July has dipped to a new low of 0.8 percent from a year ago

The much-awaited utilization of ‘tea promotional fund’ is expected to be put into its intended use before the end of this year, as 50 percent of the fund will be returned to the tea exporters to strengthen their existing promotional campa

“Sri Lanka’s construction sector claims only 7.3 percent of GDP. However, the sector is much more important than these numbers would indicate. There is a strong SME presence in this sub-sector,” said Industry and Commerce Minister R

The Colombo Stock Exchange (CSE) in collaboration with Securities and Exchange Commission of Sri Lanka (SEC) will host the country’s second international...

We all have our favourite TV shows – from the law enforcement shows such as Police Woman of yesteryear to LA Law, Law & Order Special Victims Unit and...

A few days ago we interviewed seven candidates with MBAs for a senior leadership position.

Proparco, a French development finance institution, has allocated a US $ 60 million credit line to National Development Bank PLC (NDB), with an additional US $ 15 million from its Dutch counterpart, FMO, under a joint facility to support the financin

Despite Central Bank’s (CB) push to cut lending rates, the broad uncertainty prevailing in the market over the ability to sustain low interest rates in the foreseeable future is seen keeping prospective borrowers at bay, leading to low demand f

The Ceylon Chamber of Commerce (CCC), Sri Lanka’s premier business chamber, yesterday endorsed the recent monetary policy measures implemented...

The most recent rubber Industry report of IRSG indicates that a negative growth of natural rubber (NR0 production in the face of steady rate of NR consumption...

Sri Lanka will experience a massive wave of cyber attacks in the near future due to inadequate prevention methods and privacy laws as well as non-compliance,...

In his excellent book, ‘Leading at a Higher Level’, Ken Blanchard writes, “It is estimated that a leader’s actions are at least three times as important as what he...

The Ministry of Disaster Management together with the World Bank launched a Climate Resilient Program yesterday.

Foreign Direct Investments (FDIs) into the country during the first eight months of the year has surpassed the billion dollar mark, according to the country’s Investment Promotion Minister.

Nothing could have been more devastating than losing one’s child – the anguish of the mother who lost her eight-year-old daughter to a child molester...