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By Devin Jayasundera Siedles (Pvt) Ltd. in its attempt to expand the Sony customer base in Sri Lanka and to provide a world class service to its cutomers launched a state-of-the-art Sony showroom at 150/3, Ward Place, Colombo 7 last week. The flagship Sony showroom equipped with the latest modern designs and sleek interior is ...
- Sony sees $ 2.9 b loss, reveals daunting task for new CEO (Category: Business)
- Sony launches 360 degree sweep panorama series (Category: Business)
- Sony international signs up Alston (Category: Breaking News)
- Sony launches new BRAVIA line: High Def, 3D and Internet TV (Category: Business)
All of the Commonwealth will today focus on the crucial vote for the host of 2018 Commonwealth Games with Sri Lankan contingent publicly and personally upbeat about candidate city Hambantota’s chances. Sri Lanka’s spirited southern port city Hambantota and Australia’s Gold Coast need minimum 36 votes out of 71 Commonwealth Games Associations at the CGF ...
- 2018 CW Games bid team appeals to underdog status (Category: Business)
- Gillard double-crossed over Games bid (Category: Business)
- Hambantota beats Gold Coast in transport system for 2018 CWG (Category: Business)
- Gold Coast intensify 2018 Comm Games bid (Category: Business)
This is the seventh article in the Daily FT’s fortnightly series titled ‘Business of Sports,’ focusing on the back office of the various sports administered and played in this country. Readers are invited to share their views and express their opinion via email to editor@ft.lk
- Sri Lanka sports: Mired between power plots and honey pots! (Category: Business)
- ‘The Business of Sports’: A long overdue commentary! (Category: Business)
- A sports economy: New mantra for a sporting nation! (Category: Business)
- Is Sri Lanka Sports being waylaid by mercenaries? (Category: Business)
nUNP, TNA express opposition; Govt. to go ahead by tabling the Bill in Parliament next week The contentious Takeover Bill on underperforming State enterprises and underutilised assets had come under fire by the Opposition at the Party Leaders meeting yesterday in Parliament. At the meeting, representatives of the UNP and TNA have vehemently opposed the ...
- Lankan legislator urges civil society protests over draconian take-over bill (Category: Breaking News)
- DNA opposes controversial bill (Category: Breaking News)
- UNP objects to "Revival of Underperforming Enterprises and Underutilized Assets" Bill (Category: Breaking News)
- UNP expects Govt. to withdraw Bill (Category: Business)
UNP MP Dr. Harsha de Silva, activist Chandra Jayaratne express concern; other analysts welcome Bill Colombo Hilton owning firm Hotel Developers sole enterprise; rest all lands majority of which are of defunct BOI-approved enterprises; listed Pelwatte Sugar Industries land inclusion a surprise Criticism is mounting over the urgent bill on takeover of underperforming enterprises and ...
- SC refers FR case on Revival Bill to CJ (Category: Business)
- Bill needs urgent amendments to proper serve its purpose (Category: Business)
- Supreme Court refuses six FR petitions on Revival Bill (Category: Business)
- CA refuses to issuance of notices sought by Sevanagala Sugar (Category: Business)
I still remember the thoughts that crossed my mind on the day that Harvard University announced the top 50 candidates for the 2011 Global Leaders in Development forum. The excitement was high, but then again the commitment to me personally in Sri Lanka made it a catch 22 decision. The decision was tougher, given that ...
- A brilliant marketer? (Category: Business)
- The changing face of brand Sri Lanka (Category: Business)
- Tilan becomes youngest SLIM President (Category: Business)
- Developing cutting-edge brand strategies (Category: Business)
The courage the Government has demonstrated in cancelling the CATIC deal and yet feeling secure, rather than embarrassed by it, must be recognised. It is a responsible step, a prudent decision, which will have enduring benefit both in terms of national policy and FDI strategy. This step will also earn the respect of the indigenous ...
- Sovereign Wealth Funds (Category: Business)
- Sector report (Category: Business)
- Unilever’s Pears to make millionaire children (Category: Business)
- Revamped Siddhalepa Ayuverda Health Resort opens (Category: Business)
Analysts upbeat new valuation will spur fresh buyingProving Daily FT’s concerns right, the Colombo stock market yesterday crashed to its lowest level in 2011, but a chorus is growing that new valuation will spur a fresh round of buying with some already collecting available quantities
- Everything going wrong for Colombo bourse! (Category: Business)
- Bourse in welcome rebound; market cap up by Rs. 25 b (Category: Business)
- Bourse back to double digit dip (Category: Business)
- Rs. 44 b in value wiped out from Bourse (Category: Business)
Ganesan calls for grand opposition alliance Leader of the Democratic People’s Front (DPF) Mano Ganesan is once again in the limelight of country’s political scene, following his impressive performance at the recently-concluded local authority elections. Ganesan told the Daily FT
- UPFA sweeps remaining local bodies but loses Colombo crown to UNP (Category: Business)
- I Joined Govt to Help Tamils and not to betray them - Prabha Ganesan (Category: Breaking News)
- Ranil holds talks with minority Tamil party for majority in CMC (Category: Business)
- Mano Ganesan charts new political approach for Democratic Peoples Front (Category: Breaking News)
Growth assets are a good investment in the current climate Felix Stephen is the Manager Investment Strategy and Research at Advance Asset Management Ltd., Sydney, aapart of Westpac, which is one of the big four banks in Australia. He spoke to the Daily FT about the global economy and investment
- Europe woes weigh on shares, euro; US job data eyed (Category: Business)
- Bond, stock managers find opportunities in Sri Lanka (Category: Business)
- Global financial system risks escalate, says IMF (Category: Business)
By Chamitha Kuruppu The much-awaited final phase of the local government elections will be held today, with greater focus on the ultimate victor of the contest for the Colombo Municipality. As per official records, 6,488 candidates will contest for 420 positions in 23 local government bodies including 17 Municipal Councils, five Pradeshiya Sabhas and one ...
- Elections for local govts. of former rebel areas to be held (Category: Business)
- Elections monitor accuses Sri Lanka Elections Commissioner of supporting government's agenda (Category: Breaking News)
- EC: No Elections For 60 LG Bodies (Category: Breaking News)
- Elections for local governments of former rebel areas in Sri Lanka to be held on March 10 (Category: Breaking News)
For representing some of his victimised members at a media briefing on Wednesday the chief of the Eksath Velanda Sangamaya of the Nugegoda Janatha Pola has been mercilessly and undemocratically shut out from his livelihood. UNP MP Dr. Harsha de Silva yesterday alleged that the head of the traders’ union P.W. Pathirana had originally received ...
- Nugegoda Janatha Pola Opens (Category: Breaking News)
- Stall at Nugegoda Fair forcibly removed (Category: Breaking News)
- Nugegoda Hawkers complain (Category: Breaking News)
- Pola politics (Category: Business)
of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...
- Hashim on UNP leadership crisis, pressing national issues (Category: Business)
- DPF to the fore (Category: Business)
- “UPFA will win the election” (Category: Business)
- Muza upbeat on Colombo (Category: Business)
By Uditha Jayasinghe Brewed by external demand reductions and local policies, Sri Lanka’s value-added tea exports are declining while bulk shipments are increasing, resulting in a possible drop in earnings, industry experts warned yesterday. Terming the reduction in value-added tea as a “disturbing trend,” Asia Siyaka Commodities said in a review report that Sri Lanka’...
- Syria shock for tea (Category: Business)
- Tea Trials (Category: Business)
- VALUE ADDED TEA EXPORTS ON THE RISE (Category: Breaking News)
- Negative start for tea exports in 2012 (Category: Business)
By Cheranka Mendis People’s Leasing, the undisputed market leader in the industry for nine years, is going for a record profit this year having achieved a profit of Rs. 2.2 billion within the first five months of the year. CEO of People’s Leasing D.P. Kumarage told the Daily FT
- People’s Leasing Group marks significant results for 2012 FY (Category: Business)
- People’s Leasing Company records substantial financial growth (Category: Business)
- People’s Finance posts significant profits in 2011/12 (Category: Business)
- Second time name change for People’s Leasing Finance (Category: Business)
By Uditha Jayasinghe Reeled by the overall crisis in the Middle East, the country’s tea industry has got a fresh jolt with Syria banning imports in value added form though the Government is cautioning undue panic was unwarranted. As part of a national policy Syria has banned all imports carrying a tariff of over 5% ...
- Value-added teas in trouble (Category: Business)
- November tea exports higher than 2010 (Category: Business)
- Crisis in the Middle East jolts tea industry – Minister (Category: Business)
- Tackling tea travails (Category: Business)
United National Party mayoral candidate A.J.M. Muzammil speaks to the Daily FT, predicting his victory at the forthcoming elections. Pointing out that if elected his opponent Milinda Moragoda will have no power to run the council, Muzammil says Moragoda is only the horse and the jockey is Gotabaya
- “UPFA will win the election” (Category: Business)
- Ruling party confident of a landslide victory in Colombo (Category: Business)
- DPF to the fore (Category: Business)
- Sri Lanka News | SundayObserver.lk (Category: Breaking News)
By Cassandra Mascarenhas Professional Edge Consulting, a Canadian company based in Ottawa headed by young Sri Lankan entrepreneur Praveeni Perera is set to commence its entry onto a global platform in Sri Lanka with the launch of ‘Manners in Management’, a two-day conference in business etiquette to be held in March 2012. The company offers ...
- Know your ‘Manners in Management’ this week (Category: Business)
- Professional Edge Consulting to host ‘Manners in Management’ etiquette workshop (Category: Business)
- Professional Edge Consulting launches more programs for Sri Lanka (Category: Business)
- Nailing that job takes more than a résumé (Category: Business)
By Nisthar Cassim in New York President Mahinda Rajapaksa described his engagement with the United Nations member countries last week as very successful for him personally and Sri Lanka at large. “I am very happy with the visit as it was very productive and through our discussions we were able to portray the true picture,” ...
- Mahinda kicks off busy UN programme, attends General Assembly plenary (Category: Business)
- British government asks Sri Lanka to show progress or face international pressure (Category: Business)
- SL to protest against taking up Darusman report – External Affairs Minister (Category: Business)
CSE cancels full day trading on technical glitch but regains position as Asia’s best Irate brokers fault bourse Trading to resume today In an eventful day, the Colombo Stock Exchange (CSE) for the first time ever cancelled trading yesterday over a technical glitch, but regained its position as the best bourse in Asia. CSE cancelled ...
- CSE inquiring into bizarre error trade (Category: Business)
- What the UNP Leader told Parliament (Category: Business)
- Stock market at 2 week high on retail buying (Category: Business)
- Wijetilleke backs calls for tough action on NSB-TFC deal (Category: Business)
The Sri Lanka Private Sector Assessment of the Report to the United Nations Secretary General by the Panel of Experts on accountability in Sri Lanka was released on Thursday. The private sector critique is a compilation of views raised by a private sector group in Sri Lanka who are concerned about the content of the ...
- Private sector’s critique of Advisory of UN Panel of Experts (Category: Business)
- Do What You Like Vs Like What You (Have To) Do! (Category: Breaking News)
- David Vs Goliath in Geneva (Category: Breaking News)
- East vs .West, good vs. bad: Dissecting ‘glocalisation’ in branding (Category: Business)
CAA rejects cement price hike plea By Dinali Goonewardene The Consumer Affairs Authority (CAA), which has conducted 800 raids on cement outlets in the last 12 days, said it had no plans to increase cement prices despite illegal price hikes on cement. CAA Chairman Rumy Marzook told the Daily FT
- No increase in cement prices, Sri Lanka consumer authority assures (Category: Breaking News)
- Cement prices to increase (Category: Breaking News)
- Proposals to increase cement prices rejected - Johnston (Category: Breaking News)
- Johnston warns retailers hoarding cement (Category: Breaking News)
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