Motor insurance premiums to fall

Following the 50 percent vehicle tariff reduction by the government a few weeks back, the insurance industry is considering a substantial reduction in motor insurance premiums for both new as well as existing policies, a top official representing the country’s insurance industry body said. Read More

TFC suffering a backlog of deposits

The Chief Executive Officer (CEO) of The Finance Company Plc, K.J.Yatawara disclosed to The Bottom Line that the company has not been able to pay back some of the deposits due to a large back log of unpaid matured deposits for a period of an year. Read More

Hedging debacle likely to resurface

Sri Lanka’s economy which recorded an impressive Gross Domestic Product growth (GDP) of 7.1 percent for the first quarter of 2010 is to face a new battle in the economic front with the possible re-emergence of the Rs.46bn hedging debacle which could make the country’s situation even more precarious in the midst of a possible loss of GSP+ and a fallout with the United Nations. Read More

IFL depositors to march to Temple Trees

When Sakvithi and Golden Key duped the Sri Lankan people, the Central Bank said ‘we told you guys to invest in registered finance companies which are under the supervision of the Central Bank—so there’s nothing we can do’.
But in this case what does the Central Bank have to say, Read More

  • Anything to smile hereafter?
    In the likelihood of European Union (EU) not extending the GSP+ tax concession, unless their demands are met by the Sri Lankan government, the fate of nearly 300,000 garment factory workers, like the one in the picture hangs in the balance
    (Pic by Rukshan Abeywansha)

Biz Feature

Declining fortunes of SL apparel exports to USA
The apparel industry has been the major breadwinner of the Sri Lankan economy with the advent of the open economic regime in 1977.   Read More

Interview

‘High taxes hindering progress of banking sector’ - Saliya
With the expected resurgence in the Sri Lankan economy, there’s no doubt that   Read More

Motorist

All new 2011 Honda Accord this August
For years at a time, the Honda Accord has enjoyed the title of America’s most popular passenger car and with the continuous... Read More

Stories

  • Replicating Asian Miracle: Don’t let inflation monster dominateSri Lanka has announced its policy strategy of making the country ‘Wonder of Asia’ meaning that it wishes to ‘replicate Asian miracle’ as its future growth strategy for raising wealth and prosperity of the people. In the previous four parts, we discussed the need for integrating to the global economy by selling Sri Lanka’s goods and services as a way for creating a growth which is sustainable. Read More
  • Going back to basics in management The time has come for Sri Lankan managers to go back to the basics in management. Our managers were successful to an extent, managing in an environment that was very volatile due to three decades of war. The current scenario is much different and demands that we review the basics in management, specially the basics in managing people. Read More