For Dr. A.T Ariyaratne, founder of the Sarvodaya Shramadanaya Movement, one of the things that Sri Lanka needs to ‘fix’ in order to move ahead is to bridge the gap between profits, and humanity. This is where ‘Western economic theory’ is completely false, he says — because it created poverty and unemployment by focusing on…
Union Bank concluded a strong first half, recording significant growth in core banking revenue with resultant profits before all taxes of Rs. 849 Million, amidst challenging market conditions that tested the resilience of businesses across all sectors. Core banking growth and financial performance The second quarter of 2019 carried unforeseen challenges for the banking sector,…
Mr. Iain Andrew, Chief Executive Officer of the dnata Travel Group recently visited Sri Lanka to meet officials of the tourism industry and to personally assess the situation on ground. He was happy to note that life in Sri Lanka has come back to normal, and that the people were eager and ready to welcome…
Twenty-eight Chinese journalists and travel writers arrived in the country, on the 18th of July 2019, as part of a week-long familiarization tour in an effort to gear up publicity in promoting Sri Lanka as an ideal holiday destination to lure more visitors from the orient. They will be in the country from 18th –…
The launch of Trade Research Book on Bilateral Trade between Sri Lanka and the UK CBB with the CCC Economic Intelligence Unit was held at the Ceylon Chamber of Commerce on Friday (19 July). Addressing the launch, the British High Commissioner, James Dauris said it’s his pleasure to join at the launch of the trade…
New passenger car & SUV tyres achieve score of 7.5 on NVH Index, matching top global brands in noise, vibration, high-speed braking and handling parameters Leading tyre brand CEAT has unveiled a new series of radial tyres in Sri Lanka following an investment of Rs 350 million to further upgrade the quality of a product…
The second consecutive Annual General Meeting (AGM) of the Galle Club, a Past Pupils Association from six renowned schools in Galle, took place on the 6th of July 2019 at the Mövenpick Hotel, Colombo. The AGM witnessed the congregation of alumni from the partnering schools for the appointing of the board of office bearers. Representing…
(Reuters) – Sri Lankan shares closed firmer on Tuesday, led by gains in diversified and banking stocks, while the rupee weakened on higher importer dollar demand. ** The country’s benchmark stock index ended 0.42% up at 5,683.47 after slipping from a four-month high on Monday. **The index is down about 6.1% so far this year….
Securities and Exchange Commission of Sri Lanka (SEC) has said it is time to segregate the Chief Executive Officer (CEO) and Chairman roles performed by one individual in listed entities and called for public comments on the move. “The best practice on Corporate Governance discourages concentration of power in one individual. An established norm is…
Access engineering PLC will mainly focus on achieving their strategic goals, business continuity, and diversification to sustain growth momentum in order to be the leading construction company in the coming years. “We can claim of being the most innovative construction company in the sector with a diversified customer proposition and portfolio. During the coming years,…
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