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India's Jay Jay Mills already has factories employing 9,500 workers
- Fabric Fate (Category: Business)
- Margin Effect (Category: Business)
- Fabric Fortunes (Category: Business)
- Fabric Fortunes (Category: Business)
Race between Ranil and Dullas
- Sri Lanka opposition move to express parliament’s dissatisfaction with president defeated (Category: Breaking News)
- Sri Lanka ruling party MP Ranjith Bandara appointed COPE chair (Category: Breaking News)
- Indian shipment of rice, milk powder, medicines worth 2bn arrive in Sri Lanka (Category: Breaking News)
- China’s US$74 rice grant to reach Sri Lanka by end June (Category: Breaking News)
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
- Lanka-Arab Relations (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- What Next For Aragalaya? (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- Sri Lanka – Survive Or Perish? – An Open Letter To The President (Category: Breaking News)
- Government Brutalities Against Protesters (Category: Breaking News)
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
- Village as a developmental unit (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- China’s tight job market defies economic downturn (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
The keynote address delivered by Dr. Kalpana Kochar, the World Bank’s Chief Economist for South Asia, at the recently-concluded CCC Economic Summit, highlighted three fundamental flaws in Sri Lanka’s growth model. It will not be possible to achieve sustained growth of 8% without addressing these effectively. The Pathfinder Foundation, and others, has emphasised the need ...
- IMF approves disbursement of the delayed loan to Sri Lanka (Category: Breaking News)
- Lanka’s exports to Singapore clock highest growth in 1H (Category: Business)
- FDI from India to touch $1 b in two years, says EDB Chief (Category: Business)
- New monetary policy, IMF comments today (Category: Business)
The Sri Lanka Economic Association or SLEA, the long-standing professional body of economists of Sri Lanka, has published some selected papers presented at its Annual Sessions in October 2011 in a volume titled ‘Achieving Economic Goals in the Midst of Global Challenges,’ the theme of the sessions. The volume, edited by two veteran economists – ...
- SLEA to release book on ‘Achieving Economic Goals in the midst of Global challenges’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Challenging year for Asia Pacific: UNESCAP report (Category: Business)
Standard and Poor’s yesterday fired a fresh warning on Sri Lankan banking system, relegating it to a risk prone grouping that includes Nigeria. Standard & Poor’s Ratings Services said it has assigned Sri Lanka to its Banking Industry Country Risk Assessment (BICRA) group ‘8’. At the same time, it assigned an economic risk score of ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P’s soother! (Category: Business)
Sri Lanka’s banking industry reflects a “very high risk” assessment of economic resilience and credit risk in the economy, and a “high risk” assessment of economic imbalances, says the Standards and Poor’s. The Rating agency in its latest Banking Industry Country Risk Assessment, assigned Sri Lanka’s Banking sectors economic risk score of ‘8’ and an industry ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- S&P’s soother! (Category: Business)
- Standard and Poor assesses SL as ‘high risk country’ (Category: Breaking News)
The main Opposition UNP yesterday charged that people are suffering due to the inequitable economic policies of the Government. The UNP said that the Central Bank has stated in its latest monetary policy review that “The policy measures adopted by the Central Bank and the Government during the period February to April 2012 to curtail ...
- What happened to the Cabraal roadmap? (Category: Business)
- The blame game and accountability (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
- Economic policy governance: Listen to sane voices before it heads for disaster (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
Good morning ladies and gentlemen, I am privileged to have been given this opportunity to be with you this morning. My task before you is to brief potential investors of my personal experience of doing business in Sri Lanka and about the prevailing circumstances there. Therefore, I am not going to focus on the economy ...
- SLSBC trade and investment promotion mission to Singapore a success (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Boosting business with Bangladesh (Category: Business)
Professor Buddhadasa Hewavitharana felicitated The legendary Economics Guru of Peradeniya vintage for more than four decades, Emeritus Professor of Economics Buddhadasa Hewavitharana, was felicitated last week by the country’s top policy think-tank, Institute of Policy Studies or IPS and the Department of Economics and Statistics of the University of Peradeniya by releasing simultaneously tw...
- Two books on Sri Lankan economy launched (Category: Business)
- State of SL economy according to IPS: Grow but make it inclusive (Category: Business)
Says Central Bank ‘miserably politicised’; wants change at the top; warns of public, worker agitation UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday said the Government has to blame itself and take responsibility for the current economic crisis in the country. In a statement, Dr. de Silva said: “The ...
- Increase, to meet IMF conditions; UNP (Category: Breaking News)
- Central Bank report was not independent: Dr. Harsha de Silva (Category: Breaking News)
- Market will beat the Central Bank no matter how powerful the governor is: Harsha . (Category: Breaking News)
- UNP wants CB, EPF officials summoned before Parliament (Category: Breaking News)
Nivard Cabraal and subsequently showcased by politicians the sad reality of the economy of Sri Lanka ha...
- EPF to be summoned before PAC (Category: Breaking News)
- Central Bank Road Map a propaganda document says Harsha (Category: Breaking News)
- UNP protests against undemocratic government (Category: Breaking News)
- Govt.’s debt repayment for next years is Rs. 914Bn - Harsha (Category: Breaking News)
What does independence mean to Sri Lanka? After 64 years, one would think that the value of freedom would have waned, but that is not the case. Yet the direction of this independence and what it means to people is undergoing a change and therein lies the challenge for the decades ahead. It is true ...
- Winners of the School essay competition conducted by Department of Information (Category: Breaking News)
- Hit Wicket (Category: Business)
- Judicial Jugglery (Category: Business)
- Each step taken for development a step towards freedom - President (Category: Breaking News)
In the meantime, employees who were killed in the Central Bank bombing are being commemorated. 41 Bank employees died in this attack.The commemoration took place at 10.49 a.m. the time in which the suicide attack took place. The commemoration was held under the patronage of Central Bank Governor Ajith Nivard Cabral. The Governor unveiled a ...
- Pension scheme for private sector (Category: Breaking News)
- EPF interest rate increased (Category: Breaking News)
- Asia Pacific Regional Summit for State and Private Sector Employees next month in Sri Lanka (Category: Breaking News)
- A Pension Scheme for the Private Sector (Category: Breaking News)
The World Bank, painting a bleak picture of the global economy, says Sri Lanka's post-conflict economic rebound is waning and the country is vulnerable to risks associated with falling exports, declin .....
Multilateral donor emphasises devaluation should help exports, reserves Opines 2012 Budget consistent with earlier plans Withholds eighth tranche of $ 2.6 b loan; mission in Jan The International Monetary Fund said on Wednesday that Sri Lanka’s devaluation of its currency was a “step in the right direction” that should favour export competitiveness and preserve foreign ...
- Devaluation divide (Category: Business)
- November annual inflation eases to 4.7% (Category: Business)
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- IMF to discuss Sri Lanka loan follow-up (Category: Business)
FOR two years, the Daily FT team has worked to empower the people through dispensing knowledge of the emerging economy of Sri Lanka. Our belief is simple but pervasive. Since the end of a brutal three-decade conflict in 2009, Sri Lankans have been steadfast in their single-minded ambition to create
- Ex-CB Chief disassociates with writer ‘Sunil Mendis’ (Category: Business)
- Honoured for driving marketing in Sri Lanka (Category: Business)
- Ranil brush up! (Category: Business)
- Daily FT commends MTI for strategy and research (Category: Business)
With the dawn of peace after the cessation of the three-decade conflict in the country, the economy of Sri Lanka witnessed a considerable expansion in all three sectors. Year 2010 recorded a significant enhancement in the Gross Domestic Product (GDP) by 8% and the first half of 2011 recorded
- Sri Lankan F&B industry: What’s next? (Category: Business)
- Sunquick Lanka brings home best country award (Category: Business)
- Need for a consumer society (Category: Business)
Union Bank of Colombo PLC (UBC) together with ShoreCap II Limited of USA, an International foreign investment Fund, has acquired over 98% of the voting shares of The Finance and Guarantee Company Ltd. (TF&G), infusing Rs. 1.1 billion in new capital to resurrect one of Sri Lanka’s oldest finance companies. Previously Union Bank acquired National ...
- UBC and ShoreCap buy TF&G (Category: Breaking News)
- Fresh start for TF&G with Union Bank acquisition (Category: Business)
- UB Finance endeavours to deliver a unique proposition of economic and social value (Category: Business)
- Janashakthi Insurance partners with Union Bank for bancassurance (Category: Business)
Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...
- Transparency and equality in human rights arena (Category: Business)
- Towards ‘Wonder of Asia’ with regional and world peace (Category: Business)
- MIGHT OF POWERFUL NATIONS CANNOT PREVAIL AGAINST JUSTICE AND FAIR PLAY – PRESIDENT AT UN SESSIONS (Category: Breaking News)
The policy changes, reforms and modernisation since Budget 2011 appears to have been the context of a presentation made to the Joint Apparel Association Forum in July 2011 by the “leading light” in finance, planning, treasury management and economic development. Sri Lanka background 2000-’10 The presentation articulates the background issues experienced from 2000 to 2010. ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- For a change Geneva, Zurich to hear Sri Lanka’s post-war potential this week (Category: Business)
Sri Lanka’s ambition to stage the 2018 Commonwealth Games could receive a further boost today with the arrival of a European delegation that will play a key role in the crucial vote that decides the host city in November. As the race to host the event reaches its final stages, the Hambantota 2018 bid is ...
- 2018 CW Games bid team appeals to underdog status (Category: Business)
- Sri Lanka bids to host the games (Category: Breaking News)
- Asian delegation in town for Hambantota bid (Category: Business)
- Hambantota confident as 2018 Commonwealth Games Vote countdown begins (Category: Business)
The Central Bank yesterday announced further relaxation of foreign exchange rules with immediate effect. It said that with a view to facilitating the foreign exchange transactions of the growing economy of Sri Lanka, a few new policy measures had been introduced to further relax the foreign
- FOREIGN EXCHANGE REGULATIONS FURTHER RELAXED (Category: Breaking News)
- CB further relaxes forex rules (Category: Business)
- Ease of forex rules won’t impact rates (Category: Business)
- Rules on forex accounts relaxed (Category: Breaking News)
Central Bank announced today further relaxation of foreign exchange rules with immediate effect. It said with a view to facilitating the foreign exchange transactions of the growing economy of Sri Lanka, a few new policy measures have been introduced by the Central Bank to relax the foreign
- India and China to take part Lanka's joint military exercise (Category: Breaking News)
- FDI inflows to the country increased (Category: Breaking News)
- 25 Sri Lankan fishermen apprehended by Indian Coast Guard (Category: Breaking News)
- Crucial vote on US backed resolution could take place this evening (Category: Breaking News)
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