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

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 ...

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 ...

of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...

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’...

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

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% ...

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

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 ...

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,” ...

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 ...

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 ...

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