Articles Posted in the Brief Category

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    Keells Retail Recovers

    The Consumer Food & Retail (CF&R) sector of the John Keells Holdings group returned to profit in the third quarter of the 2014 financial year after six straight quarterly losses. The business consists of the…

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    Poultry profits seen improving

    Poultry producers have been struggling for the last two years because the government has been controlling the retail price of chicken. What price increases the Consumer Affairs Authority did allow – the last was a…

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    Insurance – problems and prospects

    From the first quarter of 2014 insurance companies will be required to provide risk-based capital (RBC) in their quarterly reporting in tandem with the current solvency reporting. Having used fixed capital standards as a primary…

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    Glass – half full or empty?

    Piramal Glass Ceylon, the sole container glass manufacturer in the island, has reported a slowdown in earnings and a drop in domestic volumes. Sales have slowed specially to key local customers in the food and…

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    Gold’s lost lustre takes shine off bank profits

    Falling global gold prices have hit financial institutions with significant portfolios of gold-backed loans, or pawning advances. Rating agencies had warned that the drop in gold prices could be painful for financial institutions like banks…

  • mudith

    All noise, no signal

    The Economist recently ran a contest inviting readers to submit captions. One of the winners was “All signal, no noise”. While the Economist remains one of the few publications that could attempt to justify such…

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    Bitter personal milestones: FleetwoodMac’s Rumours and Socialism in Sri Lanka

    “Damn you love! Damn you lies!” Stevie Nicks and her former lover Lindsey Buckingham sang, about heartbreak and regret in the single The Chain in 1977. For Fleetwood Mac it was an emotional year when…

  • Over 100 new hotels under construction

    Over 100 new hotels under construction

    More than 100 hotels are currently under construction in various parts of the country which plan to open for business in the next two years. The biggest increase will be in the three- and four-star…

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    Tata launches Ceylon tea under Tetley brand in Canada

    Tata Global Beverages, part of India’s Tata conglomerate, has launched a Ceylon tea product under the Tetley brand in Canada, indicating continued interest in the island’s best known brand name despite fears it has gone…

  • Trade-negotiations

    Trade negotiations: Sidelining the Bigots

    THE MISTRUST IS A NATURAL reaction to intrusions, kidnappings, plundering and killing over millennia across the Palk Straits. Many of these incidents have undermined and embarrassed Sri Lankan rulers and leaders who had relatively smaller…