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Hospitality Management Academy holds convocation

Apr 19, 2015 (LBT) - Colombo Academy of Hospitality Management (CAHM) at SLIIT held its annual convocation on April 8 at the Taj Samudra. The chief guest of the event was Dr Sarath Amunugama, Minister of Higher Education and Research while Robin Mudie, High Commissioner of Australia to Sri Lanka ... Read more

Business | Hits: 70 | Comments

CIMA signs MOU with ILO, Employers’ Federation

Apr 19, 2015 (LBT) - CIMA Sri Lanka launched a comprehensive partnership agreement with the International Labour Organization (ILO) and Employers’ Federation of Ceylon (EFC) on March 31, 2015.  This agreement marks the start of the Sustaining Competitive and Responsible Enterprises (SCORE) short programme.CIMA Sri Lanka brings its ‘Global Principles ... Read more

Business | Hits: 81 | Comments

John Keells takes Soft Skills workshops to Colombo University

Apr 19, 2015 (LBT) - Another successful edition of The Final Step soft skills workshops for University undergraduates was conducted by John Keells Foundation at the University of Colombo from April 7 to 9, 2015. The programme was conducted in collaboration with the Faculty of Management & Finance, attracting over ... Read more

Business | Hits: 81 | Comments

DIMO ‘Star Experience’ at Galle for latest Mercedes-Benz range

Apr 19, 2015 (LBT) - To introduce the latest Mercedes-Benz range and also to create awareness about DIMO Premier, DIMO recently organized an event at Galle under the name – “Star Experience”. This was the 5th Star Experience event organized with previous events held in Ratnapura, Kandy, Polonnaruwa and Kurunegala. ... Read more

Business | Hits: 86 | Comments

UltraTech Cement offers technical expertise to individual builders

Apr 19, 2015 (LBT) - UltraTech Cement Lanka’s most recent initiative, Technical Expertise At your Door Step (TEADS), is designed to meet the varied needs of Sri Lanka’s individual house builders, bringing bespoke construction information directly to the public. An extension of its ongoing efforts to promote consumer education and support the ... Read more

Business | Hits: 72 | Comments

Focussed Marketing Plan launched for China

Apr 18, 2015 (LBT) - Sri Lanka Tourism Promotions Bureau launched a focussed marketing program to the Chinese market with the private sector, in the presence of the Deputy Mission Head of the Peoples Republic of China Sri Lanka high commission as the overall arrivals registered a growth of  81.5% ... Read more

Business | Hits: 99 | Comments

Amãna Takaful hosts ‘Mix And Mingle’ evening for Bancassurance Partners

Apr 18, 2015 (LBT) - ATL (Amãna Takaful) recently hosted its bancassurance partners to a ‘Mix and Mingle’ themed evening of fellowship. The event was attended by ATL’s many bancassurance partners and provided them with an opportunity to meet and interact with the ATL team. Commenting on the event Adel ... Read more

Business | Hits: 102 | Comments

GSK wins Champions Trophy at 2015 PPA Quiz

Apr 18, 2015 (LBT) - GlaxoSmithKline Pharmaceuticals (GSK) won the 23rd annual Pharma Promoters Association (PPA) Quiz this year, taking the ‘Champions Trophy’ at this keenly contested event. A second team fielded by GSK Pharmaceuticals was placed fifth at the same quiz. Twenty four teams from 22 companies participated this year, with ... Read more

Business | Hits: 104 | Comments

Subhash Pinnapola selected judge at New York Festival

Apr 18, 2015 (LBT) - New York Festivals has been honoring the World's Best Work in all media since 1957. The world-class judges review submissions in the most current and relevant categories to award creativity across all media. With entries and jury members from over 70 countries, it is the ... Read more

Business | Hits: 99 | Comments

ASPIRE Aviation College to rise high in Aviation Industry

Apr 18, 2015 (LBT) - ASPIRE Aviation college spreads its wings out to the young adults who are in search for a career path, where all young minds have that stage in life to make a choice on which path should they walk on. Youth have to make decisions and ... Read more

Business | Hits: 101 | Comments

ශ්‍රී ලංකා මහ බැංකුව පොලී අනුපාත තවත් සියයට දශම පහකින් වට්ටයි

Apr 17, 2015 (LBT) - වහාම ක්‍රියාත්මක වන පරිදි ශ්‍රී ලංකා මහ බැංකුව විසින් සිය පොලී අනුපාත අඩු කර ඇත. මේ අනුව ශ්‍රී ලංකා මහ බැංකුවේ නිත්‍ය තැන්පතු පහසුකම් අනුපාතිකය සියයට 6.5 සිට සියයට 6.0 දක්‌වා සහ නිත්‍ය ණය පහසුකම් අනුපාතිකය සියයට 8.0 සිට සියයට 7.5 දක්‌වා ද අඩු කරනු ... Read more

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බැඳුම්කර අක්‍රමිකතාව ගැන මහ බැංකු අධිපති අර්ජුන් මහේන්ද්‍රන්ගෙන් ප්‍රශ්න කරයි

Apr 17, 2015 (LBT) - මහ බැංකුවේ සිදුවී ඇතැයි කියන භාණ්‌ඩාගාර බැඳුම්කර අක්‍රමිකතාව ගැන, මහ බැංකු අධිපති අර්ජුන් මහේන්ද්‍රන් මහතා ගෙන් අල්ලස්‌ හෝ දූෂණ කොමිසම ඊයේ (16 වැනිදා) පැය 6 1/2 කට ආසන්න කාලයක්‌ ප්‍රශ්න කර ඇත. භාණ්‌ඩාගාර බැඳුම්කර නිකුත් කිරීමේදී අක්‍රමිකතා සිදුව ඇති බවට ලැබුණු පැමිණිල්ලකට අනුව මෙලෙස මහ ... Read more

Business | Hits: 124 | Comments

CIMA MOU with ILO to start SCORE programme

Apr 17, 2015 (LBT) - CIMA Sri Lanka launched a comprehensive partnership agreement with the International Labour Organization (ILO) and Employers’ Federation of Ceylon (EFC) on March 31, 2015 marking the start of the Sustaining Competitive and Responsible Enterprises (SCORE) short programme. CIMA Sri Lanka brings its “Global Principles on ... Read more

Business | Hits: 132 | Comments

First open air and 2nd national zoological garden opens at Pinnawala

Apr 17, 2015 (LBT) - Sri Lanka’s first open air and the second national zoological garden will be opened today, Friday, April 17 adjacent to the Pinnawala Elephant Orphanage, by Minister of Tourism and Sports Navin Dissanayake. In line with the modern zoo concepts, the Pinnawala Open Air Zoo has been ... Read more

Business | Hits: 126 | Comments

John Keells takes Soft Skills workshops to Colombo University

Apr 17, 2015 (LBT) - Another successful edition of The Final Step soft skills workshops for University undergraduates was conducted by John Keells Foundation at the University of Colombo from 7th – 9th April 2015. The programme was conducted in collaboration with the Faculty of Management & Finance, attracting over ... Read more

Business | Hits: 107 | Comments

Samsung announces winner of GALAXY Note 4 Competition

Apr 17, 2015 (LBT) - Samsung Electronics India - Sri Lanka Branch Office recently announced the winner of the ‘Do the Unbelievable Challenge’ competition which took place across Samsung’s social media platforms in Sri Lanka. The competition challenged consumers to complete five fun tasks that could only be done with ... Read more

Business | Hits: 113 | Comments

‘Colombo Port City Project should continue'

Apr 16, 2015 (LBT) - The construction of the Colombo Port City should proceed, say a number of business leaders, who claim that the farce of environmental concerns was a mere gimmick propagated by certain politicians during the pre presidential poll to harness more votes. “The most important aspect is the ... Read more

Business | Hits: 194 | Comments

SLIM takes marketing for the youth with Y FM

Apr 16, 2015 (LBT) - Winners with the gifts (L-R) Maduni Mohondiramge, Sadeesha Ramanayake, Nipuni Jayaweera – Senior Brand Executive – SLIM, Sanath Senanayake – CEO/ Executive Director – SLIM, Y- FM DJ- Sajith, Y-FM Sales Manager- Chamika Roshan Liyanage, Dilshan Maduranga Herath, Dilmi Pavithra Hedara Sri Lanka Institute of Marketing ... Read more

Business | Hits: 129 | Comments

Customs 24-hour service an attractive platform: Mangala Yapa

Apr 16, 2015 (LBT) - The 24-hour service introduced by the Sri Lanka Customs is an attractive platform for exporters in Sri Lanka to further expand their export portfolios, said Mangala Yapa, CEO of the Ceylon Chamber of Commerce recently. Commenting on the business environment during a meeting with Viccente ... Read more

Business | Hits: 129 | Comments

ශ්‍රී ලංකාවේ අනපේක්ෂිත පොලි අනුපාත කැපීම ඔස්සේ, කොටස් සති තුනක ඉහලම අගයක

සටහන - ජිතේන්ද්‍ර ඇන්ටෝනියෝ Apr 16, 2015 (LBT) - ශ්‍රී  ලංකාවේ ප්‍රධාන කොටස් මිල දර්ශකය සති තුනකට කලින් ඉහලම අගය කරා යමින් සියයට 1 කින් ඊයේ (බදාදා)  වැඩි වුයේ, මාසික ප්‍රදාන මූල්‍ය ප්‍රතිපත්ති හරහා පුදුම ලෙස ශ්‍රී ලංකා මහ බැංකුව පදනම් අංක 50 කින් පොලී අනුපාත කපා දැමීමත් සමගමය. ප්‍රධාන මිල දර්ශකය, ඒකක ... Read more

Business | Hits: 143 | Comments

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WALKING WITH THE DINOSAURS PART V - By Dr. Nalaka Godahewa

Apr 16, 2015 (LBT) - Lanka Business Today (www.lbt.lk) Editorial Board recently came with an article series where former Securities and Exchange Commission Chairman Dr. Nalaka Godahewa who turned around Sri Lanka's Capital Market with a 'Clear Vision' shared his experience working in both the private and state sector of Sri Lanka's US $ 78 billion economy.We decided to share the same article series for the interest of over 20 million populace in Sri Lanka and over 10 million readers across the globe who reach Lanka Business Today on a daily basis. WALKING WITH THE DINOSAURS PART V - By Dr. Nalaka Godahewa Continuation of Part IV……….. President Mahinda Rajapaksa lost the 8th January 2015 election having campaigned for a 3rd term in office. Up to the point that the presidential election was declared on 19th December 2015, it all looked liked a one horse race. But then the unexpected happened. Maithripala Sirisena, the general secretary of the SLFP announced at a media conference on 20th December 2014 that he would run for presidency as the common candidate for opposition. Some one very close to the former defense secretary told me later that the NIB reports showed a significant shift in voter preferences ... Read more

Expert Advice | Hits: 205 | Comments

Tea Industry Crisis: Why No Remedy Elucidated?

Apr 14, 2015 (LBT) - Reading some of the views expressed by the Chairman Planters Association, it is quite apparent that the tea industry is in dire straits giving a symptomatic impression that viability is being seriously threatened, says Lalin I. De Silva, Former Editor, Ceylon Planter’s Society Bulletin. Following are excerpts of his observations on the tea industry: Tea industry crisis is heard frequently and repeatedly. Why no remedy elucidated? We have failed in the search for a sustainable and viable solution to problems the industry is facing for the last three decades. This is not the time to ask who is to blame or who is responsible. However, this situation would have been avoided at least to a certain extent if corrective measures have been taken by the authorities concerned at the beginning. Reducing the cost of production and increasing labour productivity alone will not ensure that the industry is able to survive. The primary determinants of cost of production in the tea sector include labour productivity. It is said that comparatively lower labour productivity but higher labour cost is creating a situation in which the plantation sector is fast becoming financially unviable. There are several reasons for the current position. Low labour ... Read more

Opinions | Hits: 173 | Comments

Colombo Port City Project, monster or trans-formative opportunity?

Apr 11, 2015 (LBT) - Since the beginning of the recent Presidential election campaign, development projects initiated or implemented by the Rajapaksa administration have come under severe criticism by the opposition, mainly on the grounds of corruption or wasteful expenditure. Although the allegations are still being made and are yet to be substantiated in a court of law, it is reasonable to assume that a perception has been created among the public against corruption and malpractices. However, long term socio-economic benefits of most of these projects have not been questioned by even the anti-corruption critiques. The writer can vividly remember a similar uproar against the Accelerated Mahaweli Development Project and its numerous components during the early 1980s. In both these situations, criticisms were not necessarily on the outcomes of the project implementation but on the transparency of the processes. Among the projects initiated by the previous administration which came under severe scrutiny, the largest, most diversified and integrated development project is The Colombo Port City Project (CPCP). The purpose of this article is to highlight the salient features of this landmark project and analyse the impact of implementing a project of this nature on the Island of Sri Lanka, strategically located in ... Read more

Opinions | Hits: 226 | Comments

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Foreign sales boost turnover

Apr 17, 2015 (LBT) - Both ASPI and S&P SL20 closed in green due to price gains in Hatton National Bank, Access Engineering, Aitken Spence Hotel Holdings with turnover crossing Rs 717 Mn. Blocks were traded in John Keells Holdings, Distilleries, Hatton National Bank, Tokyo Cement Company and DFCC Bank. Mixed interest was observed in Access Engineering, Textured Jersey Lanka and Hayleys MGT Knitting Mills whilst retail interest was noted in Union Bank, First Capital Holdings and Seylan Bank nonvoting. Meanwhile, foreigners remained active closing as net sellers mainly due to foreign selling in Hatton National Bank. Total foreign sales accounted for 45.9% of turnover. During the week, both ASPI and S&P SL20 gained 2.69% and 3.19% respectively. Banks, Finance and Insurance sector was the top ... Read more

Movement | Business Editor | Hits: 93 | Comments

All Share Price Index (ASPI) return to 7000 mark

Apr 16, 2015 (LBT) - The price gains in counters such as Dialog Axiata, Ceylon Tobacco Company and Ceylon Beverage Holdings resulted in indices closing in green whilst turnover crossed Rs 1.1 Bn. High net worth and institutional investor participation was witnessed in Distilleries, Hatton National Bank, Commercial Bank and John Keells Holdings. Mixed interest was observed in Access Engineering, National Development Bank and Janashakthi Insurance Company whilst retail interest was noted in John Keells Holdings Warrant 22, First Capital Holdings and Renuka Holdings. Meanwhile, foreigners remained active closing as net sellers mainly due to foreign selling in Distilleries. Total foreign sales accounted for 64.9% of turnover. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to ... Read more

Movement | Business Editor | Hits: 88 | Comments

Active foreign participation

Apr 15, 2015 (LBT) - Indices closed in green as a result of price gains in counters such as Commercial Bank, John Keells Holdings and Good Hope whilst turnover crossed Rs 979 Mn. High net worth and institutional investor participation was witnessed in John Keells Holdings, Distilleries, Dialog Axiata and Hatton National Bank nonvoting. Mixed interest was observed in Sampath Bank and People's Leasing & Finance whilst retail interest was noted in Aitken Spence, Swisstek and John Keells Holdings Warrant 23. Meanwhile, foreigners remained active closing as net buyers mainly due to foreign purchasing in Dialog Axiata. Total foreign purchases accounted for 70.9% of turnover. Diversified sector was the top contributor to the market turnover (due to John Keells Holdings) whilst the sector ... Read more

Movement | Business Editor | Hits: 108 | Comments

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