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Honesty and good communication skills are top traits for business leader – Regus Finding
Business people across the globe reported which key traits make a successful business leader and reveal that honesty and the ability to communicate with others are the must-haves in a successful leader’s arsenal. Almost 40,000 business people globally rated a number of qualities and traits to help sketch out the portrait of a good leader […]
Sri Lanka’s John Keells Holdings net down 13-pct in 4Q, revenues flat
May 26, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings group net profits fell 13 percent to 4.5 billion rupees in the March 2016 quarter from a year earlier with flat revenues, the interim accounts showed. The firm reported basic earnings of 3.80 rupees per share for the quarter against 4.58 rupees reported a year […]
Sri Lanka seeking to borrow USD3.5 bln through foreign debt: Finance Minister
May 25, 2016 (LBO) – Sri Lanka is in the process of borrowing up to 3.5 billion dollars from foreign sources via syndicated loans, sovereign bonds, and sukuk, the country’s finance minister said on Wednesday. The borrowing plan comes as the South Asian nation seeks to fix its precarious balance of payments position after a […]
Vehicle imports up 60-pct in 2015, 7-pct of total imports: CCC
May 25, 2016 (LBO) – Expenditure on motor vehicle imports to Sri Lanka has recorded a 60 percent growth last year compared to previous year, Ceylon Chamber vehicle market report showed. The annual publication which is now available for purchase showed that country’s expenditure on vehicle imports has accounted for 7 percent of the total […]
Sri Lanka sets up independent office to trace missing persons
May 25, 2016 (LBO) – Sri Lanka’s cabinet has approved establishment of an independent institution as office on missing persons by a Parliament Act with the view to search for and trace missing persons. The cabinet proposal made by Prime Minister will identify appropriate mechanisms and submit recommendations to authorities to take measures on missing […]
Sri Lanka’s Islamic Finance sector growing, lacks skilled staff: report
May 26, 2016 (LBO) – Sri Lanka’s Islamic Finance sector continues to grow steadily but lacks staff that are qualified and have technical knowledge, the recently launched Islamic Finance country report 2016 said. “Despite the growth in the number of players, not a great deal of progress has been made in terms of the numbers […]
Overwhelming response for Venture Engine 2016 submissions
Sri Lanka’s pioneering entrepreneur empowerment platform Venture Engine has ended its “Call for Entries”, with the program having received an overwhelming response from an ever expanding pool of potential participants. Also noteworthy, the quality and variety of submissions received in 2016 has signalled a definite increase in the level of sophistication in terms of both […]
Sri Lankan climber successfully summits Mt Everest
May 21, 2016 (LBO) – Sri Lanka’s Jayanthi Kuru-Utumpala has summited the world’s highest peak, Mt. Everest, early this morning, becoming the first Sri Lankan to complete the incredible feat, the support team said. She is now descending to a lower base camp, with winds favorable. She has not yet had an opportunity to make […]
Sri Lanka’s Dipped Products acquires Italian glove marketer for Rs535mn
May 25, 2016 (LBO) – Dipped Products, a subsidiary of the Hayleys Group, today announced that it acquired the remaining stake of Italian glove marketer Icoguanti SpA for 535 million rupees. With this purchase, Icoguanti, which was a 6O percent owned subsidiary, has now become a wholly owned subsidiary of Dipped Products, the company said […]
PTL Watch: Bonds mixed, mid tenors tick higher
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Sri Lanka’s Hayleys net up 49-pct in March 2016 quarter
May 25, 2016 (LBO) – Profits at Sri Lanka’s diversified Hayleys group surged 49 percent to 1.3 billion rupees in the March 2016 quarter amid strong net income growth, interim accounts showed. The group reported earnings of 17.57 rupees per share for the quarter, up from 11.83 rupees per share from a year earlier. Group […]
Twitter simplifies character count making more space for tweets
May 25, 2016 (LBO) – Popular online social networking service, Twitter said it will relaxing its 140-character limit for tweets, allowing users to add links, attachments and some other features within the short messages. “In the coming months we’ll make changes to simplify Tweets including what counts toward your 140 characters,” Twitter said in their […]