Merit award winner - (Mawbima)media | best web awards | | Last updated three minutes ago


BOI revive Kantale sugar factory


The Board of Investment signed an investment agreement with M.G. Sugars Lanka (Pvt) Ltd for revival and restructuring of Kantale Sugar Factory. Shri Prabulingeshwar Sugars and Chemicals Ltd, Bangalore an experienced group of companies engaged in sugar cane cultivation, sugar manufacturing, co-generation of power plants and dairy industry will be the technical partner for the project. The total number of the 30- year project agreement would be run on Built, Operated and Transfer (BOT) basi...

by Amila Muthukutti With the increasing market competition, business organizations need more and more experienced employees capable of delivering better business outcomes. Experience can be measured by the exposure to different areas of the work, but not by the number of years during which an employee has been working. Hence, exposing employees to different aspects of the business is an important step in developing people. Job rotation plays a major role in this respect. Job rotation i...

Euromoney, widely considered one of the world's leading financial magazines, has adjudged Commercial Bank of Ceylon PLC the Best Bank in Sri Lanka in 2015 at the magazine's Asia Awards for Excellence presented recently in Hong Kong. This is the second major international award presented to Commercial Bank in the past two months, during which the bank also had the distinction of becoming the only Sri Lankan bank to be ranked among the top 1,000 banks of the world for five consecutive ye...

By Paneetha Ameresekere Ceylon Finance Today: The market saw a pyrrhic increase in excess liquidity by a net amount of Rs 41.91 million yesterday, while the weighted average rate of call money and overnight market repo transactions remained unchanged at 6.14% and 5.83% respectively.Meanwhile, in the stock market, profit taking brought it down, which saw the benchmark ASPI decline by 0.30% to 7,247.23 points and the more sensitive S&P SL 20 Index by 0.10% to 4,067.67 points on a Rs ...

ER defended at Rs 133.70, foreign borrowings up 119% By Paneetha Ameresekere Ceylon Finance Today: The exchange rate (ER) continued to be defended by the Central Bank of Sri Lanka (CBSL) at Rs 133.70 to the US Dollar in interbank spot trading yesterday as well, by CBSL supplying the market its dollar needs from its foreign reserves on thin trades, market sources told Ceylon FT.Meanwhile, the government raised a sum of Rs 50,640 million by selling Treasury (T) Bonds to the market yeste...

By Chanaka de Silva Ceylon Finance Today: As the time to read advertisements becoming less, the need to catch the eye to send messages across becomes important. LED Gantry advertising is the one of the most effective methods found to utilize the time when one is stuck in traffic.When you are driving the gantries are always visible to the driver and passengers. With the LED technology every few seconds the advertisements could be changed. Further advertisements could be updated with...

By Chanaka de Silva Ceylon Finance Today: Natuzzi furniture, a brand of exclusive Italian luxury furniture was launched to cater to the niche market of high end apartments and luxury homes opened its doors together with Softlogic Retail (Pvt) Ltd, in Colombo last week.Among the pieces on display the 'Re-Vive' armchair is the world's first and only recliner capable of adapting to the body and reacting intuitively and fluidly to even the most imperceptible movements, guaran...

A marginal decline of 0.1 per cent, recorded in Sri Lanka's exports, Year-on-year, US $ 883 in May 2015. Decline is led by lower performance in tea, sea food, gem, diamond and jewellery exports, and the Central Bank said. Earnings from industrial exports increased by 3.3 per cent to 661.3 million US dollars while agricultural exports declined by 9.5 percent to 217 million US dollars. Tea exports, which were severely affected by the lower demand from Russia and the Middle East, declined...

Recent independent industry report claims that 2.5 million tourist arrivals by 2016 will not be possible.According to sources Bartleet Religare Securities (BRS) has claimed "achieving 2.5 million tourist by 2016 is not pragmatic goal".BRS further affirm "For the country to reach 2.5 million visitors by 2016 the annual arrivals should increase by approximately 28 percent per annum," As of December 2014 a total of 1.5 million tourists visited the island while the compound annual growth rate...

By Rishar Mohamed Saleem Ceylon Finance Today: Sashreeka Agro Management (Pvt) Ltd (SAM) which claimed to be a specialist company that provides turnkey agriculture/forestry services, management and advisory services to investors and property owners in the agricultural/forestry industry, within Sri Lanka proved to be a scam. This was revealed exclusively to Ceylon FT by a medical doctor who has lost a colossal amount of money. The Director of SAM Channa Abeyagunawardena of SAM has b...

By Ishara Gamage Bitter lessons learnt during 2010- 2012 in the Capital market cannot be forgotten and we should be geared to face the turmoil which come our way with the experience gain in the past was remarked by the Chairman of the Securities Exchange Tilak Karunaratne on Friday. He made these remarks at the Certificate and Diploma Awards Ceremony 2015, organized by the Capital Market Education and Training (CMET) of the Securities and Exchange Commission of Sri Lanka. Market sta...

Politicaleconomy withR.M.B [email protected] Claude Frédéric Bastiat (29 June 1801- 24 December 1850) was a French classical economist who pioneered liberal free market economics. He was also a member of the French National Assembly. He is recognized in Economics for developing the important economic concept of opportunity cost, and for introducing the Parable of the Broken Window. His ideas provide a basis for the libertarian economics and were the f...

Ceylon FT

The Board of Investment signed an investment agreement with M.G. Sugars Lanka (Pvt) Ltd for revival and restructuring of Kantale Sugar Factory. Shri Prabulingeshwar
With the increasing market competition, business organizations need more and more experienced employees capable of delivering better business outcomes. Experience
Euromoney, widely considered one of the world's leading financial magazines, has adjudged Commercial Bank of Ceylon PLC the Best Bank in Sri Lanka in 2015 at the
Ceylon Finance Today: The market saw a pyrrhic increase in excess liquidity by a net amount of Rs 41.91 million yesterday, while the weighted average rate of call

Focus

Former President Mahinda Rajapaksa has had to face numerous challenges since he had been ousted from his executive seat. The latest of the challenges he has had
Throughout the history of Sri Lanka, the term "Election Law violations" has been a popular phrase whenever an election draws near. Deaths, destruction of public
A video portraying the former President clenching his fist went viral on social media including Facebook, Twitter and YouTube on Tuesday (21). That very night state
Recent intelligence reports reveal that Crusaders for Democracy (CFD) of former LTTE cadres will have favourable results in the upcoming General Elections scheduled