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Dear Editor, During the past few months, I have observed criticism, mainly by the Opposition Parliamentarians, about the manner in which the Sri Lankan economy has been managed. In my view, their attempts seem to be designed to impose blame on the Governor, Central Bank, perhaps to weaken his resolve and strength and discourage him. ...
- Sri Lanka could miss 7.2% growth target (Category: Business)
- Lankan team for U19 World Cup (Category: Business)
- Toastmasters dazzles at the Semi Annual Conference in Mangalore (Category: Business)
With the influx of tourists into the country, the Sri Lanka Association of Inbound Tour Operators (SLAITO) on Monday announced the successful completion of a ‘safety assessment’ of the most frequented tourist sites in Sri Lanka carried out by TUI Travel PLC Head of Specialist in Activity Health and Safety Malcolm Ellis. Commissioned in a ...
- SLAITO Commissions ‘Risk Assessment’ of most Frequented Tourist Sites (Category: Breaking News)
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- SLAITO introduces ‘Sancharaka Udawa’ (Category: Business)
TOP professional Samantha Rajapaksa has joined Associated Motorways Ltd. as Group Managing Director and not as Managing Director of AMW Capital Leasing as inadvertently reported in the Daily FT yesterday. He has been appointed only as an Executive Director of AMW Capital Leasing Plc
- L'Estrange contract extended (Category: Australia, Tasmania )
- England-Sri Lanka squads for first Test (Category: Breaking News)
- Body of Abu Dhabi sovereign-wealth fund chief found (Category: Breaking News)
- Apology to Ben Gray (Category: Australia, Tasmania )
CB asks banks overnight for their forex commitments for Thursday and Friday; steps up bank visits Convenes meeting with treasury heads of banks; rupee crisis figures in monthly CB-bank CEOs meeting as well Dealers say no room for speculation given the very narrow net open positions; new rules apart from lack of dollars could be ...
- Markets becalmed (Category: Business)
- Rupee sinks to record low (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- An effective consumer lending proposition (Category: Business)
Peradeniya Uni's Dr. Perera says exchange volatility is temporary and acceptable IMF's Mathai says no crisis but stability measures taken By Cheranka Mendis UNP MP Dr. Harsha de Silva yesterday made a compelling case that the ‘feel good’ party that the President Mahinda Rajapaksa Government tried to propagate among the people post-war was over, warning ...
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
- Sri Lanka may need to consider easing monetary policy: PB (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
Less than a year after starting up on its own, the company prepares to replicate its Indian success in Sri LankaJubilant FoodWorks, the master franchisee of Dominos Pizza for South Asia, last year set up its own subsidiary company in Sri Lanka, moving away from the franchisee partnership which held the fort for the Group ...
- Domino’s Pizza, opens in Colombo (Category: Business)
- India’s Jubilant Foodworks to expand overseas (Category: Business)
- Aviraté dresses up for aggressive expansion (Category: Business)
- Lenovo experiencing ‘tremendous growth’ in SL under ‘Smarter Tech for All’ vision (Category: Breaking News)
By Cheranka Mendis Glaxo SmithKline yesterday opened its latest state-of-the-art pharmaceutical tablet manufacturing facility in Moratuwa, built at an investment of Rs. 217 million. Confirming its commitment towards strengthening its footprint in Sri Lanka, the facility is part of a Rs. 1.4 billion investment that the company will put forward this year in the area ...
- Global pharma giant GSK to invest $ 11.2 m more in Sri Lanka (Category: Business)
As a minority shareholder I thank Daily FT for highlighting the highway robbery committed by the directors of leading banks, which are ultimately owned by the public via the shareholdings of SLIC, EPF and ETF. What you have highlighted in your article is only the tip of the iceberg, in terms
- Top Marks (Category: Business)
- Islamic Banking (Category: Business)
- Lucky Thirteen (Category: Business)
- Top Marks (Category: Business)
With the strategic move of Sri Lanka Ports Authority (SLPA) to receive all vehicle carriers at Magamruhunupura Mahinda Rajapaksa Port – Hambantota commencing from 31st May 2012, Hellmann Worldwide Logistics through its global vertical – ‘Hellmann Automotive Logistics (HAL) is fully geared to facilitate the logistics requirements of all vehicle importers including formalitie...
- Hellmann partners Sri Lanka Design Festival 2011 (Category: Business)
- Hellmann Clinches Contract In Total Supply Chain Logistics (Category: Business)
Although relatively unknown in Sri Lanka, the world’s third largest advertising holding company, the Publicis Groupe, has a formidable presence worldwide and is represented in Sri Lanka by one of its main global subsidiaries, Leo Burnett. With Sri Lanka showing potential for high growth in the years to come, the second-in-command of the French multinational ...
- Leo Burnett welcomes Bertrand Siguier, Executive VP of Publicis Groupe (Category: Business)
- Leo Burnett celebrates exceptional year in 2011 (Category: Business)
- Publicis Group second in command in town today (Category: Business)
- Invest NI to tap into further business opportunities in Sri Lanka (Category: Business)
This has reference to the article titled ‘Boom for Bank Boards!’ which appeared in the Daily FT dated 23 April 2012. In this regard, we wish to clarify that, there were only nine Directors at the HNB Board as at December 2011. The compensation for Directors for the financial
The Sambhashana discussion organised by Transparency International Sri Lanka will focus on ‘The Rupee Crisis’ on 25 April at the auditorium of the Organisation of Professional Associations (OPA), Stanley Wijesundara Mawatha, off Bauddhaloka Mawatha Colombo 7 from 4 to 6 p.m. MP Dr. Harsha de Silva, Senior Lecturer of University of Peradeniya Dr. Prasanna Perera ...
Sequel to the Daily FT’s expose yesterday on board remunerations, analysts said that it was executive pay that led to bloated costs of boards and not that non-executive or independent directors get fat cheques. They pointed out that top firms in board remuneration such as HNB, Commercial Bank
- On the Move: Karen Sakamoto, Jim Nicolow, Frederick Hong, Chretien Macutay (Category: USA, Hawaii)
- St. Cloud-based Coborn's names chief operating officer (Category: USA, Minnesota)
- St. Cloud-based Coborn's names chief operating officer (Category: USA, Minnesota)
- St. Cloud-based Coborn's names chief operating officer (Category: USA, Minnesota)
Confirming Daily FT’s article last Wednesday, Seylan Bank on Friday announced the appointment of Mohan Pieris as its new Chairman and said the former Attorney General will further strengthen the Bank’s Board. “With his exposure in the spheres of Banking, Finance and Commerce
- Fitch upgrades Seylan Bank to ‘A-(lka)’ (Category: Business)
- Gift bonanza for Seylan Tikiri Plus kids (Category: Business)
- New seylan Chairman assumes office (Category: Business)
- Seylan Bank expands network to Akuressa (Category: Business)
Clarifies 2011 per capita GDP computation technically correct but given fall in Rupee’s value in 2012 Central Bank should have been honest with greater disclosure and putting data in context As per IMF staff report Net International Reserves in 2011 alarming low at $ 4 b; Net Open Position below $ 3 b; Short Term ...
- CB data: Cabraal shoots down Harsha’s claim (Category: Business)
- CB statistics under fire (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
- The GDP Per Capita in the Central Bank Annual Report for 2011 (Category: Business)
HNB Board was richest in 2011 whilst colleagues at Sampath got less than 2010 The country’s most profitable sector, the commercial banks, whilst having increased bottom line also saw their Board directors taking home a tidy sum. A sample of seven commercial banks analysed by the Daily FT
- Executive pay bloats board cost (Category: Business)
- Shareholders furious over lack of disclosure, sale plan of MBSL’s savings subsidiary (Category: Business)
- MBSL selling savings bank for a song! (Category: Business)
- Qualified daughters make their way to boards (Category: Business)
in tomorrow’s Daily FT. Reserve your copy today.
UNP MP Dr. Harsha de Silva backs Daily FT columnist on per capita income data, claimsfigures too inflated and Govt. trying to mislead people and global stakeholders; CB getting more politicised By Uditha Jayasinghe Firing another salvo at the Central Bank, UNP MP and economist Dr. Harsha De Silva
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
- CB data: Cabraal shoots down Harsha’s claim (Category: Business)
- Misleading the public (Category: Business)
- May Day, May Day over May 2011 data (Category: Business)
Hemas Holdings Plc is confident that contributions and insights from its newest Director on the Board, R. Gopalakrishnan, a top executive from Tata Sons and formerly from Hindustan Unilever will help the local conglomerate’s growth via acquisitions as well as forays into the region. Hemas last week announced the appointment of Gopalakrishnan, Director of Tata ...
- Top Indian biz leader and Tata Sons Director joins Hemas board (Category: Business)
- Director Tata R Gopalakrishnan Joins Hemas (Category: Breaking News)
- MSCI slightly increases India’s weighting in EM Index (Category: Business)
- Cyrus Mistry, a Tata in all but name (Category: Business)
Royal Ceramics sees prospects and related party synergies in 51% buy of Asia Siyaka Commodities for Rs. 363 m New Chairman Nimal says broking, credit and warehouse biz will be expanded Listing via introduction coming up The famous duo Dhammika Perera and Nimal Perera last week effected the 12th acquisition, reaffirming their prowess of growing ...
- RCL raises Rs. 383 m via share sales for Asia Siyaka buy (Category: Business)
- Dhammika collects more Hayleys shares (Category: Business)
- Trying time for tea (Category: Business)
- Royal Ceramics’ 2Q shines with half a billion pre-tax profit (Category: Business)
The Central Bank, in its latest Annual Report, has downgraded its growth forecast for 2012 from eight per cent to 7.2 per cent. This is due to a combination of adverse global developments and the negative effects of domestic policy misalignments. The contractionary measures introduced to address the imbalance in the trade account (i.e. to ...
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- International financial institutions and development in Asia (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Central Bank’s Check List for 2012 and beyond (Category: Business)
The Daily FT article published yesterday that stated that a former AG was to be appointed as Chairman of Seylan Bank gave me some concern. This trend of appointing retired Government servants close to the administrations to top positions in the private sector is a clear indication of the Central
- AWPR rose by 120 basis points in 2011 private sector credit growth robust (Category: Breaking News)
- Credit card for Sri Lanka public employees (Category: Breaking News)
- Govt. bank employees go on strike (Category: Breaking News)
- A Pension Scheme for the Private Sector (Category: Breaking News)
Importers secure increase in age limit for cars and commercial vehicles; higher duty to stay President Mahinda Rajapaksa yesterday stepped up the accelerator for re-conditioned vehicles agreeing to revise the recently imposed age limit rules at a meeting with importers. Responding to pleas by motorists as well as Vehicle Importers Association, the President has agreed ...
- Reconditioned vehicle import rule reversed (Category: Breaking News)
- Restrictions on reconditioned vehicle imports relaxed (Category: Breaking News)
- Vehicle Importers Lament Tax Increase (Category: Breaking News)
Daily FT/Weekend FT will not be published on Friday and Saturday on account of Sinhala-Hindu New Year holidays. The next issue of Daily FT will be on Monday 16 April, 2012.
- Bike Market (Category: Business)
- Stock market crashes to lowest level in 2011 (Category: Breaking News)
- Forestry Tas set to be split (Category: Australia, Tasmania )
- VIDEO: A look inside the vertical ship (Category: Technology)
Many readers would have by now heard and read about the annual Oxford – Cambridge boat race over the weekend, where a spoiler sprang an underwater surprise and about an oar that broke. All this led to what I would term as a less than wholesome win awarded to Cambridge. Almost three weeks ago, I ...
- Final countdown starts to London Games (Category: Business)
- ‘The Artist’ Wins Producers Guild’s Best Picture Award (Category: Business)
- F1 looks for a pattern in the unpredictable (Category: Business)
- Phelps quits the pool with unchallenged record (Category: Business)
Govt. move sends Ceylon Tobacco’s market cap soaring to Rs. 112.2 bThe upward revision in tax on cigarettes as well as foreign interest saw market value of Ceylon Tobacco rocket to over Rs. 112 billion last week. It is the first time that CTC’s market capitalisation had surpassed the Rs. 100 billion mark. Last week ...
- CTC overtakes Carson to be third most valuable stock (Category: Business)
- Bourse back to double digit dip (Category: Business)
- Losses at Bourse balloon to Rs. 142 b (Category: Business)
- A Shift From Growth To Yield (Category: Business)
The Daily FT on Thursday featured on page 1 a story based on some startling comments and allegations by UNP MP Dr. Harsha De Silva and young business leader Dilith Jayaweera. The headlines and the contents wouldn’t have been a good read for President Mahinda Rajapaksa
- Rocky Road (Category: Business)
- Not Under (Category: Business)
- Six new Bank branches in the North next week (Category: Breaking News)
- Commercial Bank arrives at Maskeliya (Category: Business)
World famous Olivia Newton John last night produced a stellar performance in her first live concert in Colombo at Musaeus College Auditorium. Internationally-acclaimed multiple Grammy award winner Olivia will be holding her second and final concert tonight. The shows are produced by Wizard Entertainment. She arrived on Tuesday night and was accorded a warm welcome ...
The CBSL’s directive issued last year, which takes into account credit, market, operational and liquidity risk, is very much in line with the recommendations of the Bank of International Settlements (BIS), which recommends in particular capital adequacy for government banks, said internationally-renowned risk consultant and CEO/Principal of Independent Global Research Ltd. David Roden. Addre...
- CAL reiterates importance of risk management best practices for emerging markets (Category: Business)
- Sri Lanka wants banks to strengthen risk management (Category: Breaking News)
- Risk professionals hold first-ever forum (Category: Business)
GlaxoSmithKline, one of the top three global research based pharmaceutical companies operating in over 117 countries, is to invest a further $ 11.2 million (over Rs. 1.4 billion) in expanding its operations in Sri Lanka. The company will also shortly commission a new facility in Moratuwa for manufacturing their global brand Panadol. The investment on ...
- Logan Rockefeller enters Lanka (Category: Breaking News)
- Slow Forecast (Category: Business)
- Rising Risk (Category: Business)
- Global Member (Category: Business)
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