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Bread Security
Speaking at the Cabinet press briefing this morning, Prof. G. L. Peiris said that move was necessitated by the rising cost of living.rn rnHe added that Indian wheat would be available in the local market early next week at Rs. 15.00 a kilo, following successful negotiations by Premier Ranil Wickremesinghe during his recent trip to […]
Off The Album
In a statement to the Colombo Stock Exchange, Hayleys Photoprint says Hayleys Ltd has offered Rs. 16.00 per share to buy up the remaining shareholders. rnrnHayleys Photoprint says the decision to de-list is subject to the SEC quote s and shareholders approval. rnrnThe company is having an EGM on March 21 to discuss the issue, […]
Healthy Truce
ldblquote Many patients in the North and East provinces were earlier prevented from travelling to Colombo for private medical facilities.Ongoing peace process will boost the numbers for the private sector healthcare due to freedom of movement dblquote , notes Dr. Neville Fernando, Managing Director Asha Central Hospital. rnrnAsha Hospital, which accounts for almost 25 percent […]
Slipping
The bank said it offered and accepted bids for Rs.500 mn. rnrnThe weighted average yield dropped to 13.73 percent from 14.94 percent recorded in the previous auction. rnrnToday quote s two-year bond, which carried a coupon rate of 12.50 percent, is part of Rs. 2.000 bn scheduled to be issued during the months of February […]
Guerrilla Commitment
Dr. Travis Perera, Human Resource Management Consultant for PIM quote s MBA programme, in his presentation titled ldblquote Strategies through Human Resource Development climate dblquote at CIMA Students quote Conference held last Saturday said organisations should strive to build commitment among employees to outpace its competitors. rnrnldblquote There is a vast difference between fighting with […]
Forced To Fire
All the trade unions represented were informed early last year of the inability to continue production beyond end 2001, due to extremely low levels of new orders, company said. rnrnAccordingly, company has offered the entire workforce a Volunteer Retirement Scheme worth up to 40 months salary, which will result in some employees drawing close to […]
Build More
ldblquote The budget will unveil many concessions for housing projects and other construction activities. This sector has been on a downward spiral for many years dblquote , Minister Bandula Gunawardene said. rnrnldblquote Investment in the construction industry has a multiplier effect on investment in the economy as a whole. It creates employment for all sectors […]
Small Blessings
The announcement is expected within the next few days, which will reduce premiums to 0.0025 percent from the present 0.005 percent of the hull value on vessels calling at the Colombo Port, Sri Lanka Ports Authority Chairman, Parakrama Dissanayake said. rnDissanayake said the war risk committee headed by Lloyds of London had stopped short from […]
Unshackled
The government plans to set up a Revenue Authority to streamline the collection of taxes, customs and excise duties.
Maldivian Touch
The company recently joined forces with Serendib Leisure Management to acquire Hotel Sinbad in Kalutara. rnrnFollowing a Rs. 90 mn joint investment, the hotel was recently upgraded, pitching themselves now as an all-year round water sports destination. rnrnSituated an hour quote s drive away from Colombo, the hotel has attracted a large number Sri Lankan […]