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Extending careers beyond retirement through flexible working

By Dr. Nirmal De Silva Aug 03, 2015 (LBT) - It is widely-known that population ageing is a global phenomenon, with the number of people aged 65 years and above expected to grow significantly across Asia in the coming years and decades. According to latest research carried out by Regus, the ... Read more

Business | Hits: 80 | Comments

Ceylon Chamber’s August 4 TV program to focus on ‘Fiscal Policy’

Aug 03, 2015 (LBT) - The Ceylon Chamber of Commerce, the country’s premier business chamber, will line up three key political representatives from the government and the opposition to discuss Sri Lanka’s ‘fiscal policy’ on its ‘Arthika Dishaanathiya’ TV program through the Rupavahini TV channel. Minister of Finance Ravi Karunanayake; former ... Read more

Business | Hits: 89 | Comments

Dr Sally on ‘Singapore model, what lessons it has for Sri Lanka'

Aug 03, 2015 (LBT) - Dr Razeen Sally, a world renowned economist is to deliver an address on whether Sri Lanka is ready for a better future at the Victorian in the Kingsbury Hotel today from 4 – 6pm. The address is titled, ‘Singapore model, what lessons it has for ... Read more

Business | Hits: 100 | Comments

CFA Awards 2015 crown best capital market professionals

Aug 03, 2015 (LBT) - The flagship event of the CFA Society Sri Lanka, the CFA Capital Market Awards and Forecast Dinner continued to add fillip to Sri Lanka's capital markets when this year it recognised those establishing industry benchmarks, spearheading governance and ethics to advance domestic financial markets. The ... Read more

Business | Hits: 67 | Comments

CT Holdings concludes ‘most challenging year’: Profits down 28%

Aug 02, 2015 (LBT) - CT Holdings PLC., the conglomerate that has grown from Ceylon Theatres Ltd., founded in 1928 by Sir Chittampalam A Gardiner, has concluded what its chairman Louis Page noted as, "the most challenging year for the group for a long period of time". The profit for ... Read more

Business | Hits: 139 | Comments

Carson Cumberbatch to de-list four Malaysian plantation companies

Aug 02, 2015 (LBT) - Carson Cumberbatch PLC. is to initiate procedures to de-list their Malaysian Plantation Companies (MPCs) due to the minimum public holding rule of the Colombo Stock Exchange (CSE), the company as stated in its latest annual report. These rules require a minimum public float which is not ... Read more

Business | Hits: 121 | Comments

National Forum for Life Insurance Advisors on August 4

Aug 02, 2015 (LBT) - All arrangements have been made to launch the 2015 National Forum for Life Insurance Advisors (NAFLIA) conference on the 4th of August. Themed ‘A Day All Sri Lankans are Insured,’ the conference attracts the best life insurance advisors from all insurance companies via the Insurance Association ... Read more

Business | Hits: 124 | Comments

HNB wins NASCO Gold award in Banking and Financial category

Aug 02, 2015 (LBT) - Hatton National Bank (HNB), the leading private sector commercial bank in the country, has demonstrated its sales prowess by winning a Gold award at the recently concluded National Sales Congress (NASCO) Awards, the premier national event dedicated to recognising, honouring and rewarding sales people. The Gold ... Read more

Business | Hits: 116 | Comments

Ceylinco Life Officers win five National Sales Congress (NASCO) Awards

Aug 01, 2015 (LBT) - Four sales professionals of Ceylinco Life won five awards at the 2015 National Sales Congress (NASCO) Awards of the Sri Lanka Institute of Marketing (SLIM), giving the country’s life insurance leader high visibility at this prestigious annual event. The top performer among them was Ms. Nadeeka ... Read more

Business | Hits: 149 | Comments

‘LEGO Day’ hosted by and Kiddies & Toys International

Aug 01, 2015 (LBT) - Sri Lanka’s largest online shopping mall,, recently partnered with Kiddies & Toys International (KTI) to host its first-ever ‘LEGO Day’, a fun filled event for children of all ages. The event was an immense success and brought together over 175 families and children, who ... Read more

Business | Hits: 165 | Comments

‘Live Trinco’ begins with Sri Lanka Tourism and Ceylon Four Winds

Aug 01, 2015 (LBT) - Trincomalee, the beautiful city located in the East Coast of Sri Lanka with its unspoiled beaches, historical sites and the unique hot springs, came alive yesterday, July 31, with vibrant music for an unstoppable rave party with international DJ's, typical water sports of Trinco extending ... Read more

Business | Hits: 152 | Comments

Google in talks to bring Loon to Sri Lanka, but it's not a done deal

The search giant is looking to bring its Wi-Fi-beaming balloons to the South Asian country, but discussions are still in early stages. by Richard Nieva Jul 31, 2015 (LBT) - Google's Project Loon aims to bring Internet connectivity to rural populations and Google is taking steps to bring its Wi-Fi-beaming balloons ... Read more

Business | Hits: 196 | Comments

Ceramic, Glass Symposium to focus on developing Red Clay Industry

Jul 31, 2015 (LBT) - All arrangements for the Sri Lanka Ceramics & Glass Symposium, organised by the Sri Lanka Ceramics & Glass Council to be held on August 12 and 13, 2015, are now finalized.  This is the 6th time the Council is organizing this event. Many experts from ... Read more

Business | Hits: 152 | Comments

Sunshine Holdings powers SL Economic Summit as Platinum Sponsor

Jul 31, 2015 (LBT) - Diversified conglomerate Sunshine Holdings PLC will support this year’s edition of the country’s premier economic summit hosted by the Ceylon Chamber of Commerce (CCC), on the timely theme of ‘Towards exports of USD 50 billion’, as the Platinum Sponsor. The high-level annual forum brings together ‘thought ... Read more

Business | Hits: 167 | Comments

Nations Trust Bank continues its steady performance

Jul 31, 2015 (LBT) - The Nations Trust Bank closed the first 6 months ending 30th June 2015 with a post-tax profit of Rs.1,257 million, a growth of 9% over the corresponding period. The results for the quarter were significantly better with post tax profits recording a commendable growth of ... Read more

Business | Hits: 155 | Comments

Piramal Glass Ceylon keeps upward momentum with Rs. 1,543M revenue

Jul 31, 2015 (LBT) - Piramal Glass Ceylon PLC has announced its results for the 1st quarter of 2015 with Rs. 1,523 million of revenue and Rs. 147 million of PAT showing a positive growth in Operating Profit & at PAT level when compared with the profitability of 2014. The total ... Read more

Business | Hits: 129 | Comments

Sri Lanka ICT exporters clinch $1 million fast biz at Asia’s top IT show

Jul 30, 2015 (LBT) - Sri Lanka’s surging ICT/BPM exporters, facilitated by Export Development Board (EDB) have made a splash at the recently concluded top IT trade show of Asia notching $1 million in immediate contracts and securing many Joint Venture calls as well. The EDB facilitated six leading Lankan ... Read more

Business | Hits: 207 | Comments

Commercial Bank is Euromoney’s Best Bank in Sri Lanka for 2015

Jul 30, 2015 (LBT) - 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 ... Read more

Business | Hits: 194 | Comments

Ceylinco Life ignites interest in life insurance with new ‘Supreme’ policy

Jul 30, 2015 (LBT) - An attractive new policy that will pay up to 50 per cent of the basic sum assured in lump sums every four years without any diminution of the policyholder’s maturity entitlements has been launched by Ceylinco Life, sparking fresh interest in life insurance. Branded ‘Ceylinco Life ... Read more

Business | Hits: 168 | Comments

Move to close rural, urban gap with new technology: Dr Harsha de Silva

Jul 29, 2015 (LBT) - The government plans to make new technology more affordable and accessible to close the gap between rural and urban in the country, said Dr Harsha de Silva, Deputy Policy Planning and Economic Affairs Minister yesterday. "The next government's five-year economic development plan will enable Sri Lanka ... Read more

Business | Hits: 219 | Comments

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Sri Lanka’s Future and Voter Fault Lines

By Shenali D Waduge Aug 03, 2015 (LBT) - Sri Lanka’s geopolitical positioning has been both a blessing and a curse. Despite 17 invasions from South India, 3 Christian Western colonial occupations over 410 years at no time did Sri Lanka fall except to be handed over to the enemy by local traitors – Alas the same appears to be unfolding exactly 200 years later. It is the lessons from these past histories that beckon citizens to be cautious of history not been repeated given that within the political establishment there are parties and politicians ever ready to divide the nation if it enables them to remain in power. If the voters vote thinking within the parameters of their personal needs overlooking the bigger ramifications for the country the entire nation is likely to suffer and fall. While we need to accept that there is no 100% perfect leader, policies must always be nationalistic and ensuring the sovereignty and national security of the country comes first. We do not elect people to office to advance the agendas of other countries and these aspects must be working on the minds of all voters. Let us look at how the voters think: The Tamil voters ... Read more

Expert Advice | Hits: 91 | Comments

Google Loon: Is It possible in Sri Lanka Yet?

Jul 29, 2015 (LBT) - It's been two years since Google first disclosed Project Loon, and while the company continues to keep most details of the project secret, the technology and challenges behind it are slowly coming into focus. Loon is an ambitious attempt to bring the Internet to the roughly 5 billion people on the planet who are out of range of existing networks. The project involves suspending cellular access points under high-altitude balloons to provide Internet access to those on the ground, an idea that sounds elegantly simple but was anything but. A series of recent presentations and talks by Google X employees have revealed some of the technical and commercial challenges the company faced in realizing Loon, and in nearing its target cost of $10,000 per balloon. The balloons travel in air currents at an altitude of around 60,000 feet. That's close enough to Earth to maintain a direct connection to smartphones but high enough to avoid aircraft. It's also in a part of the atmosphere criss-crossed by high-altitude winds, so Google can steer the balloons by moving them up and down to catch air currents moving in different directions. But at that altitude, the balloon and the electronics are battling ... Read more

Expert Advice | Hits: 295 | Comments

Reminiscences : 'Sivaram's killers will be brought to justice' - Speech by Mangala Samaraweera on May 06, 2005 at Sri Lanka Parliament outlining the 'Lost Media Freedom in Sri Lanka from 1977-2004'

The speech of Information and Media Minister Mangala Samaraweera on the demise of the late journalist Sivaram Dharmaratnam, made on the occasion of Adjournment Debate on May 06, 2005. Jul 17, 2015 (LBT) - Honourable Mr. Speaker, We strongly believe that the people's right of access to information, free from any hindrance, must be secured by any Government. The basic foundation of building up good governance is the media freedom. That is the sustainable democratic fundamentality of our Government. History testifies that the People's Alliance or the present Freedom Alliance Government is sincerely dedicated to that cause. Our Government which inherits such a prestigious history has an inalienable moral right to react whenever there is a threat or an influence against the media freedom. Under this political backdrop, we unreservedly condemn the assassination of Sivaram Dharmaratnam, a senior member of the "TamilNet" editorial staff. Sivaram was abducted away by a gang of thugs on April 28 and was brutally killed. As soon as this information reached the President, the Police initiated a far-flung investigation on the orders of the President. Investigations are proceeding at the moment. We will not hide any evidence that the investigations will reveal. We are active to bring the culprits to ... Read more

Expert Advice | Hits: 418 | Comments


Month commences on a mixed note 

Aug 03, 2015 (LBT) - Indices closed on a mixed note for the day whilst turnover crossed Rs 982 Mn. High net worth and institutional investor participation was witnessed in Commercial Bank, Laugfs Gas nonvoting and Lanka Century Investments. Mixed interest was observed in John Keells Holdings, Royal Ceramics and Union Bank whilst retail interest was noted in Pan Asia Banking Corporation, LB Finance and Lanka Walltiles. Meanwhile, foreigners closed as net sellers mainly due to foreign selling in Commercial Bank and Lanka Century ... Read more

Movement | Business Editor | Hits: 65 | Comments

Week commences on a negative note

Jul 27, 2015 (LBT) - The price losses in counters such as Sri Lanka Telecom, Asiri Hospital Holdings and Ceylon Cold Stores resulted in indices closing in red whilst turnover crossed Rs 1.0 Bn. High net worth and institutional investor participation was witnessed in Aitken Spence, Distilleries and Lanka Century Investments. Mixed interest was observed in DFCC Bank, HVA Foods and Overseas Realty (Ceylon) whilst retail interest was noted in John Keells Holdings Warrant 22 and ACL Cables. Meanwhile, foreigners remained active closing as net buyers mainly due to foreign purchasing in Distilleries and Lanka Century Investments. Diversified sector was the top contributor to the market turnover (due to Aitken Spence and John Keells Holdings) whilst the sector index lost 0.43%. The share price of Aitken Spence ... Read more

Movement | Business Editor | Hits: 164 | Comments

Week ends on a positive note

Jul 24, 2015 (LBT) - Both ASPI and S&P SL20 gained due to the price gains in counters such as John Keells Holdings, Sri Lanka Telecom and Bukit Darah with turnover crossing Rs 1.6 Bn. High net worth and institutional investor participation was witnessed in Commercial Bank, DFCC Bank, Sampath Bank, John Keells Holdings, Nations Trust Bank, Seylan Bank and Lanka Orix Leasing Company. Mixed interest was observed in Royal Ceramics and Textured Jersey Lanka whilst retail interest was noted in Vallibel One, Lanka Walltiles and Abans Electricals. Meanwhile, foreigners remained active closing as net buyers mainly due to foreign purchasing in John Keells Holdings. During the week, the ASPI and S&P SL20 gained 1.50% and 1.44% respectively. Banks, Finance and Insurance sector was ... Read more

Movement | Business Editor | Hits: 261 | Comments

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