The Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Dr. Nalaka Godahewa last week said he was a little disappointed with large state-owned institutions as they had in majority kept away from stock market investments during 2013 in comparison to previous years. According to 12 month statistics from October 2012 to October 2013 compared to the previous year from October 2011 to October
For the third consecutive year, Singer’s popular lifestyle exhibition kicked off at the BMICH on Friday. The three day event which concludes today was formally opened by Stephen H. Goodman, Chairman, President and CEO of Singer NV, USA. Here Goodman is seen in conversation with Singer Group Chairman Hemaka Amarasuriya (centre) and Singer Group CEO Asoka Peiris
Following a barrage of criticism leveled at the government by opposition parties for imposing taxes on some essential food items through the Budget 2014, a Senior Minister last week said that the move will in fact help the country promote food security. According to him, the reason why Budget 2014 which was presented to Parliament on November 21, 2013 has proposed to raise
The National Chamber of (NCE), Exporters Association of Sri Lanka (EASL), and the Joint Apparel Association Forum (JAAF) last week welcomed the market free initiatives in the Budget 2014 and said they would improve export competitiveness. The joint statement by the three Chambers is published below.
Sri Lanka has to look at ways of fostering local value chains, which contribute to delivering products and services for global markets, by concentrating more on the ‘inclusivity’ factor so that benefits of trade and investment could trickle down to all related segments, an economist pointed out last week.
Speaking at the official launch of Asia Pacific Trade and Investment
“There is a lack of transfer of technology in several projects carried out in Sri Lanka”, said Senior Civil Engineer Malith Mendis. Mendis who was involved in the Mahaweli dams projects, Accident Emergency Unit at National Hospital, Development of Blended Cements and in the Colombo South and Hambantota Harbors in addition to several projects overseas, said that there is also
Colombo Stock market opened for a fresh week in negative note as benchmark indices closed lower on Monday. ASPI declined by 17.05 points (-0.29%) while S&P SL 20 Index dropped by 14.94 points (-0.47%). Market turnover hits four month low of LKR 193mn. Dialog Axiata recorded the top turnover of LKR 53mn followed by Commercial Leasing (LKR 21mn) and PCH Holdings (LKR 8mn). Meanwhile retail investors gathered around small-cap
The Employers’ Federation of Ceylon (EFC) joined forces with employer members in November to train disabled charities, NGO’s and institutions in job seeking skills for the disabled community. Last month, the EFC teamed up with some of its member organizations and headed up to the North and East of the country to run a series of workshops on job seeking
Unveiling the government’s mid-term strategy, Secretary to the Treasury; Dr. P.B. Jayasundera declared that the government was hoping to bring down the fiscal deficit by 3.8 percent in 2016, while increasing the country’s per capita income by US$ 4,000 through a three year plan which will kick off next year.
J.H.P. Ratnayeke has resigned as a Director from the Board of Blue Diamonds Jewellery Worldwide PLC with effect from November 30, 2013 and accordingly ceases to be the Chairman. Further B.M.A.L. Arunashantha Fernando, who is currently the Deputy Chairman of the Company, would be appointed as the Chairman with the effect from November 30, 2013. A disclosure filed with the CSE on November 29, 2013.
The Divi Neguma minor export crop cultivation program which comprises (1) providing plants for home gardens, (2) introduction of crops to be grown on a commercial basis up to an extent of two-and-a-half acres, (3) developing cottage industries linked to minor export crops, (4) training self-employed persons in pepper pruning and (5) providing plants required for 100,000 home gardens program which commenced this year, has shown
Sri Lanka Ports Authority (SLPA) received four prestigious awards at the National Business Excellence Awards 2013 held on November 27, 2013 at the Colombo Hilton. The awards ceremony was organized by the National Chamber of Commerce of Sri Lanka (NCCSL) following the Business Excellence Benchmark Competition. Ambassador of Japan Nobuhito Hobo attended as the Chief Guest of the event.
Access Engineering PLC was selected as the overall winner at the National Business Excellence Awards 2013 conducted by National Chamber of Commerce Sri Lanka. They were selected from among 86 nominees and they were also winners for the categories of Excellence in Business and Finance (Gold), Construction Sector (Gold), Extra Large category (Gold).
Sri Lanka is currently witnessing a growing trend where Small and Medium Enterprises (SMEs) and entrepreneurs are increasingly turning towards online web portals for recruitment ad postings.Leading online web portals such as ikman.lk are showing consistently increasing numbers of vacancy ads being published. This is a result of a change in attitude and approach amongst employers as they look for
Chartered Insurer Asoka Sirisena, Senior Assistant General Manager - Technical at Ceylinco Life, has been awarded Fellowship of the Chartered Institute of Insurance of UK (FCII), universally regarded as the premier qualification for those working in the insurance industry.
The FCII status signifies that its holder has taken the commitment to professional development implied by Associate
Tajima Colombo (Pte.) Ltd. incorporated in 1991, revolutionized the garment industry with its world-famous Tajima TFGN -II series, the highest ranked embroidery machine, benchmarking its operation as the total solution provider to become the market leader in Sri Lanka. The company is focused on the latest innovation to the market, Tajima – FSN Series, with major advanced features, assembled in Shanghai,
The romantic cities of Paris and Venice are brought to life in the exquisite ‘Raga Cities’ collection of Titan watches specially created for elegant women all over the world. A tribute to the modern woman, this special collection of watches reflect a unique facet of romance, in both concept and rendition.
Most of the watches in this range have Mother
Singer opened its first flagship Samsung store in Ratmalana, giving Sri Lankans access to cutting-edge electronics and appliances and the widest range of Samsung products in one location. Singer Group CEO Asoka Pieris and Vice President, Samsung Electronics Chang graced the opening ceremony of the exclusive Samsung store in Ratmalana on November 9, 2013.
CINEC Maritime Campus which is the largest maritime training institute in South Asia signed an agreement on November 17, 2013 with the Government of Fiji and the Fiji National University to manage the Maritime School of the Fiji National University (FNU) in Suva.
Minister of Public Enterprises and Attorney General, AiyazSayed-Khaiyum signed the agreement on behalf of the Government of Fiji. President o