Articles Posted in the Brief Category

  • softlogic2

    Softlogic rising player in consumer electronics business

    Softlogic Holdings, which controls the Asiri Hospital group and is rapidly building a network of stores, is an emerging third player in the consumer electronics and white-goods retail business.  The top players in this business…

  • Half of Govt. Foreign Borrowings at Market Rates

    Half of Govt. Foreign Borrowings at Market Rates

    THE GOVERNMENT’S total foreign debt last year was Rs. 2,767.2 billion accounting for 46.1% of the total debt of which half was from market sources and non-concessional. Foreign debt increased by Rs.438 billion in 2012,…

  • fraud

    Corporate crime grows as awareness of fraud risk remains weak

    White-collar crime is a growing concern in the corporate sector with a number of firms reported to have lost money when they fell victim to fraud in the last financial year. The magnitude of financial…

  • taxdodging434x244

    Top tax dodger

    Sri Lanka has the dubious distinction of being among the countries with the lowest personal income tax contributions to central government revenue even among Asian nations, according to a new Asian Development Bank report. The…

  • smartphones

    The Future is in Low-Cost Smart Phones

    It is made in China, only has 480×800 screen resolution and runs Android 2.3.5 Gingerbread. So what? The Galaxy S2, which is still an impressive phone, has a 480×800 screen resolution on its 4.3 inch…

  • tourism

    Tourism competitiveness,branding lag behind rival destinations

    The island ranked a poor 74th in the World Economic Forum’s Travel & Tourism Competitiveness Index 2013. Although rising slightly in the rankings, it remained below the UAE (28th), Malaysia (34th), Thailand (43rd), China (45th),…

  • retire

    Retirement Repair

    Janashakthi Insurance launched a new retirement saving scheme aimed at the working population, including those nearing retirement. The Janashakthi Life Saver pension plan, unlike previous pension programmes, allows a retiree to invest a lump sum…

  • keells

    Keells Super loss in best quarter

    The 51 Keells Super supermarkets, including franchise outlets, contribute about 68% to the top line of John Keells Holdings group subsidiary Ceylon Cold Stores. But the supermarkets lost money even in what is usually the…

  • big-pix

    Money in the Willow

    Sri Lanka Cricket has signed a new team sponsorship contract for a whopping Rs1.3 billion, bringing in Dialog Axiata and the Sri Lanka Tea Board as joint sponsors. The new deal is almost three times…

  • ndb-ntb

    Why an NDB – NTB merger will shake up banking

    Not all mergers or takeovers will create better banks. The notion, floated more than a decade ago here, that bank consolidations will lead to a more efficient financial system was misplaced. The malaise of dud…