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By Marianne David and Cheranka Mendis The safari savagery that erupted last week with mobile tented safari operators being attacked seems to have reached a ceasefire of sorts, following two meetings between stakeholders on Wednesday. Employees attached to Mahoora Safari Camps, Kulu Safaris and Leopard Safaris were assaulted by mobs affiliated to the Tissamaharama Jeep ...
- Safari savagery yet to be settled; stakeholder meeting in the offing (Category: Business)
- One size fits all (Category: Business)
- Safari savagery (Category: Business)
- Trailblazing Eco Team Marks 11th year of adventure tourism in Sri Lanka (Category: Business)
Speculation was rife that nomination of Sujeewa Mudalige as a Commissioner of SEC has been dropped suggesting yet another vacancy exist. As exclusively reported by Daily FT yesterday, the choice of Mudalige was a surprise as he was not in the original speculated list
Sri Lankan Architect practicing in USA is in Sri Lanka to replicate his success in Panama here “Architecture is an art; a pragmatic art. It is a science, a sensuous science,” says Archt. Dr. Raj Barr-Kumar. Here in Sri Lanka to initiate three projects incorporating sustainability, latest technology and modern design, Barr joined the ...
- BASF and Finco promote sustainable construction solutions (Category: Business)
- Cinnamon Lakeside achieves longest running Green Globe certification record (Category: Business)
- Sri Lanka: The next success story Part II (Category: Business)
- KONE partners Lanka Elevator Engineering for Sri Lanka foray (Category: Business)
By Rashika Fazali Only few apartments are seen around Rajagiriya but the most talked about apartment project today is ‘110 Parliament Road’ apartments, located in a serene area with views of the Colombo Golf Course and the National Bird Sanctuary. The apartments feature state-of-the art facilities such as swimming pools, gym, tennis courts, basket ball ...
- Construction of newest luxury apartment complex has begun (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- 110 Parliament Road landmark luxury apartment complex enters second phase (Category: Business)
- Investment phase of 110 Parliament Road Apartment Complex ends this month (Category: Business)
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
By Marianne David and Cheranka Mendis Sri Lanka Tourism yesterday told the Daily FT that the Department of Wildlife would set up a meeting with both the Tissamaharama Jeep Association and the officials of the three tented mobile safari operators in order to arrive at “an amicable settlement
- Ceasefire on safari savagery (Category: Business)
- Safari savagery (Category: Business)
- One size fits all (Category: Business)
- Going wild! (Category: Business)
Dr. Nalaka Godahewa has resigned as the Chairman of Divasa Finance Ltd. last week. Analysts widely believe the move as a precursor to the impending appointment of Dr. Godahewa as the new Chairman of the Securities and Exchange Commission (SEC), which the Daily FT exclusively reported on Saturday
- Sri Lanka SEC gets new chairman (Category: Breaking News)
- Nalaka’s first Commissioners’ meeting today (Category: Business)
- Chairman of Sri Lanka Tourism Promotion Authority resigns (Category: Breaking News)
- Nalaka Godahewa resigns as SLTDA chairman (Category: Breaking News)
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
Tissamaharama Jeep Association turns violent; threatens wild life tourism operators By Cheranka Mendis The three tented mobile safari operators within the Yala National Park have been threatened by the Tissamaharama Jeep Association on Friday and Saturday to cease operations within five days, accusing them of eating into the share of local jeep operators’ business. The ...
- Safari savagery yet to be settled; stakeholder meeting in the offing (Category: Business)
- Ceasefire on safari savagery (Category: Business)
- One size fits all (Category: Business)
- Etihad to offer one-night-free accommodation (Category: Business)
The resignation of Tilak Karunaratne as the Chairman of the Securities and Exchange Commission (SEC) has been accepted whilst a successor will be named next week, Finance Ministry Secretary Dr. P.B. Jayasundera said. The confirmation by the Treasury Secretary ends week-long uncertainty whether the SEC Chief’s quit notice would be accepted or not, even though ...
- Harsha decries stench emanating from SEC (Category: Business)
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- Tilak insists no overregulation (Category: Business)
- Malik moves out, market makes merry! (Category: Business)
Finance Ministry has acepted the resignation of SEC Chairman Tilak Karunaratne and a suitable appointment will be made soon, Ministry Secretary Dr. P.B. Jayasundera told the Daily FT.
The Annual General Meeting of the Colombo Stock Brokers Association (CSBA) will be held today. The Daily FT learns a change at the top was likely. Current Chairman is Sriyan Gurusinghe who has been in the post for several years. Speculation was rife that Asha Phillip Securities CEO Dimuthu
By Cheranka Mendis Given the anticipated growth in tourism, the country is likely to see an 85% average occupancy rate and 35% revenue growth in Colombo city hotels in 2012. Colombo City Hotels Chairman M. Shanthikumar yesterday told the Daily FT that the occupancy level so far has recorded
- Hyatt pushes Asia expansion, cautious in short term (Category: Business)
- Global leisure hotel rates set new growth record in March (Category: Business)
- Hotel occupancy rates slump (Category: Australia, Tasmania )
- Rupee Pricing (Category: Business)
By Cheranka Mendis Seylan Bank’s CEO and MD Kapila Ariyaratne recently joined Daily FT for a brief chat on the performance of the bank, future plans and market trends. The bank as at now holds 11% shares in advances and 10.6% in deposits within the private local commercial bank market
- Standard & Poor’s upgrades Standard Chartered Bank to AA- (Category: Business)
- NDB Bank’s net profit up 13% to Rs. 1.7 b by September (Category: Business)
- Union Bank opens in Ratnapura (Category: Business)
- Lion leads frontier markets (Category: Business)
As continuously highlighted by the Daily FT and perhaps dumbfounding critics and locals, foreign craving for stocks in the Colombo Bourse is growing, with net inflow surpassing Rs. 28 billion yesterday with the addition of fresh buying worth Rs. 980 million. Non-nationals accounted for 28% of total
- Foreign investments in Sri Lanka equity and capital market over Rs. 50 billion (Category: Breaking News)
- Net foreign inflow tops Rs. 29 b mark (Category: Business)
- Blue Chips attract more foreign buying (Category: Business)
- JP Morgan fund buys 10 m shares of Expolanka for Rs. 70 m (Category: Business)
as exclusively reported by the Daily FT, ...
- Ignoring Vitol: CPC makes it a costly habit (Category: Business)
- Vitol Group refutes allegations on inferior diesel fiasco (Category: Business)
- CPC smiles on ENOK, snubs Vitol in latest tender (Category: Business)
- CPC seeks 310,000 barrels gasoil, gasoline (Category: Business)
By Cheranka Mendis SriLankan Airlines, one of the only two Government entities that managed to secure Silver at the HRM Awards organised by the Association of Human Resource Professionals last month, joined Daily FT to share the best practices that led the company to win the award after a lapse
- Measuring the impact of HR (Category: Business)
- Future of HR: Be lean, seen and green (Category: Business)
- Evolving “New HR” – be lean, seen and green (Category: Business)
- Empowering through alignment of talent management (Category: Business)
Nearly 50 stocks had gained by over 10% in the past month Three solid stocks gives over 23% year-to-date return against near 20% dip of the market If the general investing and savings public believes the Colombo Stock Exchange isn’t attractive, then nearly 50 stocks are likely to prove this incorrect, especially given their performance ...
- Investor confidence worsens by the day; bourse loses Rs. 53 b in value (Category: Business)
- Stock market rebound gathers momentum (Category: Business)
- Market in heavy need of a new direction – Asia Wealth (Category: Business)
- ‘Other’ investors turn bullish (Category: Business)
By Nisthar Cassim Tilak Karunaratne yesterday resigned as the Chairman of the Securities and Exchange Commission (SEC), a move which he had pre-announced early this week and personally decided last weekend. “I am leaving the SEC as a sad but relieved man,” Karunaratne told the Daily FT
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
- Market must earn confidence to be more attractive for investors: SEC (Category: Business)
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- Tilak insists no overregulation (Category: Business)
The key US$ 455 million Norochcholai power plant will be operational in another two weeks, the Power Minister said yesterday, after its fifth breakdown earlier in the week resulted in countrywide power cuts. The 300 mega watt Lakvijaya power plant is the first phase in a 900 mega watt coal power plant costing US$ 1.3 ...
- Kerawalapitiya power plant back in operation (Category: Breaking News)
- Fire temporarily shuts down Norochcholai plant (Category: Business)
- Coal power plant to resume operations (Category: Business)
- No Pakistan-funded nuclear power plant in Sampur: Champika (Category: Breaking News)
By Chamitha Kuruppu The large gathering of an unknown wedding ceremony did not bother us at all. We had arrived early for the interview, so we could listen to them sing. And just like we expected the church was filled with their mesmerising voices. The choir and their breathtaking singing was no doubt the highlight ...
- Caribbean King readies to wow audience in Sri Lanka (Category: Business)
- The ‘3 Generations Concert’: A musical odyssey (Category: Business)
- A little music goes a long way in Egypt vote (Category: Business)
By Cheranka Mendis Singer Worldwide said yesterday it is remains upbeat on Sri Lanka its single largest market and will expand presence further in the consumer finance market and introduce new lifestyle experiences. In Sri Lanka to attend the biannual meeting of Singer Asia and Retail Holdings, the largest shareholder of Singer Worldwide, Retail Holdings ...
- Singer Asia – Retail Holdings Board of Directors meet in Colombo (Category: Business)
- Dialog strikes deal with Singer outlets on bill payments (Category: Business)
- Singer Finance opens latest branch in Vavuniya (Category: Business)
- Singer Mega Wattala now bigger and better (Category: Business)
. The rally as reported by the Daily FT yesterday continued with ...
- CTC overtakes Carson to be third most valuable stock (Category: Business)
- Jumbo profit at JKH (Category: Business)
- IIFL gets big deal (Category: Business)
; The Daily FT learns that when the bids for the tender for 310,000 barrels of ...
- Expert body to reform the law (Category: South Australia)
- Desal firms in $9m suit strife (Category: South Australia)
- Matara MC Opp. leader leaves meeting in protest (Category: Breaking News)
- First poppy flower (Category: Business)
Following is the copy of letter written by public interest activist Nihal Sri Ameresekere to Secretary to President Lalith Weeratunga on the Securities and Exchange Commission (SEC) based on some of the reported discussions during the President’s meeting capital market stakeholders in late July at Temple Trees. 10th August 2012 Mr. Lalith Weeratunga &...
- Nihal files fresh motion in District Court of Colombo over Hotel Developers (Category: Business)
- Let’s put market back on track, Nalaka tells SEC (Category: Business)
- Nihal’s FR Application on the Expropriation Law (Category: Business)
- Internal restructuring at SEC for better focus (Category: Business)
Anushka Sharma and Sunny Leone are probably two obscure names to the Daily FT reader. I must admit this was true for me too until very recently when I had the opportunity to view a programme on Star Movies called ‘Front Row,’ a talk show hosted by Indian national award winning author
- Sharapova weathers storm at sunny Open (Category: Business)
- Jism-2 Star – Sunny Leone Comes To Sri Lanka (Category: Breaking News)
- AMW to unveil 11th generation Nissan Sunny (Category: Business)
- AMW unveils latest Nissan Sunny (Category: Business)
By Nisthar Cassim The world’s leading nutrition, health and wellness company, Nestlé said last week Sri Lanka is a high growth market with strong upside in tandem with improving socioeconomic development aided by the end-of-war benefit. “We are experiencing double digit growth in Sri Lanka and see very positive prospects going forward. Our commitment to ...
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
- Nestlé Worldwide Executive Vice President in town (Category: Business)
- Nestle Lanka ends 2011 with strong results (Category: Business)
- Rs. 1.1 b Nestle rice noodle plant to serve convenient-foods hungry Sri Lanka (Category: Business)
In response to the Daily FT’s article yesterday titled ‘SEC split?’ SEC Chairman Tilak Karunaratne has sent the following statement. I, as the Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), write in reply to the front page main article in the Daily FT of 13
- Tilak’s resignation accepted – Updated (Category: Business)
- Right of Reply: SEC responds to ‘Cracks in SEC?’ (Category: Business)
- Sujeewa’s nomination to SEC dropped? (Category: Business)
- SEC says not out to create a fear psychosis in the minds of investors (Category: Business)
Commissioners divided over SEC Chief Tilak’s move to make Acting DG permanent and the durationThe proposal by SEC Chairman Tilak Karunaratne at last week’s Commissioners meeting to make Acting Director General Prof. Hareendra Dissabandara permanent had faced a roadblock. The Daily FT learns
- Why an Acting DG at SEC? (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
- SEC DG Malik Cader out or in? (Category: Business)
- Hunt for new SEC DG elusive (Category: Business)
Following yesterday’s Daily FT exposure of concerns among dual citizens and recently returned expats over the new exchange rate rules, the Central Bank in a statement said that NRFC account holders could freely transfer funds. Daily FT learns the change by Central Bank was dated yesterday
- Rocky Road (Category: Business)
- Not Under (Category: Business)
- Excess Liquidity (Category: Business)
- New Banks in North and East (Category: Breaking News)
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