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The Perceived Economic Opportunity Index (PEOI) picked up a bit in August after its steep fall in July to one of its lowest values in the last 12 months. Index compiler the Foundation for Economic Freedom in Sri Lanka (FEFSL) said it was significant that the PEOI is still languishing in the ‘relatively pessimistic’ territory ...
- Perceived Economic Opportunity Index up slightly in April (Category: Business)
- Perceived Economic Opportunity Index falls again in July (Category: Business)
- Optimism stuck: Perceived Economic Opportunity Index stays flat in June (Category: Business)
- Perceived economic opportunity index dips (Category: Business)
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
LONDON (Reuters): Britain’s budget deficit widened to the biggest on record for any August, data showed on Friday, a day after the central bank chief said missing its debt goal was acceptable for the government. Public sector net borrowing excluding financial sector interventions rose to 14.410 billion pounds from 14.365 billion in August 2011 as ...
- UK’s Green Bank to lend to wind, waste energy (Category: Business)
- Britain’s top rating may yet survive (Category: Business)
- Financing of 2011 Budget goes haywire (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
A reader of the previous week’s My View titled ‘SL’s future: Convert the simple economy into a high-tech based complex economy’ has taken up an important issue with this writer via email. He has said that it is unlikely that Sri Lanka could have a complex production structure in the country because Sri Lanka lacks ...
- Kick-start the New Year at MLH (Category: Business)
- ‘The Artist’ Wins Producers Guild’s Best Picture Award (Category: Business)
- President’s House handed over to Government (Category: Breaking News)
- Man charged with murder of Sri Lankan woman in Melbourne (Category: Breaking News)
and alumnus of Oxford University and London School of Economics attached ...
- Do you hear the people sing? Singing a song of angry men? (Category: USA, Montana)
- Do you hear the people sing? Singing a song of angry men? (Category: USA, Montana)
- Do you hear the people sing? Singing a song of angry men? (Category: USA, Montana)
- Do you hear the people sing? Singing a song of angry men? (Category: USA, Montana)
The Ministry of Economic Development together with other relevant ministries and institutions has initiated a program to revive the textile industry of Sri Lanka along with the apparel industry. Earlier Sri Lanka had well developed textile industry consisting handlooms. Powerlooms, fabric and cotton industries. But all these sectors were closed down after Sri Lanka introduced ...
- India supports local textile production (Category: Breaking News)
- Largest-ever textile delegation arrives (Category: Business)
- India to modernise textile mills in Sri Lanka (Category: Business)
Reuters: Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth. The HSBC Flash China manufacturing purchasing managers’ index (PMI) showed activity stabilized in September after ...
- China factory sector shrinks most in nine months (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- Asian factory output curbed by troubled Europe (Category: Business)
Jack Welch, Chairman and CEO of the US giant General Electric or GE from 1981 to 2001, has offered his experiences as a fool-proof survival kit which anyone – people, companies or nations – could use if they wish to be winners in a hostile competitive world. Jack Welch: Produce what others cannot copy In ...
- Discovering Drucker (Category: Business)
- Small is beautiful! (Category: Business)
- Glamour or gloom of grooming people: A case of five Gs (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares inch down, mark time before Jackson Hole (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- Adopt economic policies to propel growth: Bankers (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) recently donated books in marketing to the Jaffna University, with the objective of supporting marketing education at the university. The books donated covered topics such as marketing an introduction, consumer behaviour, economics, economic
- New Head of Marketing at HNB Assurance (Category: Business)
- SLIM, SLII to introduce Diploma in Insurance Marketing (Category: Business)
- Pradeep Edward appointed as inaugural SLIM-BUCKS (UK) Alumni President (Category: Business)
- SLIM ties-up with Indian School of Business (Category: Business)
A thousand children moving upward and onward, embracing entrepreneurship to win the future – this is what participant children in the Future First program are experiencing. The program is a collaborative venture between Young Entrepreneurs Sri Lanka (YESL) and HSBC targeting 1,000 less affluent children from schools and centres catering to disadvantaged communities. Future First ...
- Recognising future business leaders (Category: Business)
- IRD After Schoolboy (Category: Breaking News)
- SLASSCOM launches ‘Future Careers Partners 2012’ (Category: Business)
- HSBC Advance brings innovative banking a step closer (Category: Business)
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
- Corporatism: A step beyond state capitalism (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- Impunity: Unequal before the law (Category: Business)
Standing tall at six feet 10 inches, and surging towards stardom with Seylan Bank is Sri Lankan netball skipper Tharjini Sivalingam – the world’s tallest netballer, and considered the best player within the Asian Netballing Circuit. Swift in spotting and supporting local sporting talent, the Lankan netball queen is presently employed at Seylan Bank in ...
- Tharjini pilots Seylan Bank to victory (Category: Sports)
- Seylan’s Tharjini Sivalingam Standing Tall And Surging Towards Stardom (Category: Business)
- Fitch affirms Seylan Bank at ‘A-’, Outlook stable (Category: Business)
- Union Assurance rewards top Bancassurance performers in Seylan Bank (Category: Breaking News)
As opposed to a 10-place jump in the previous year, Sri Lanka has suffered a 16-place relegation in the latest Global Competitiveness Rankings list released by the influential World Economic Forum (WEF) yesterday. Sri Lanka’s rank of 68th place out of 144 countries surveyed from 52nd place in the previous year was despite the overall ...
- Sri Lanka in great leap forward (Category: Breaking News)
- BIG LEAP FOR SRI LANKA IN WEF REPORT (Category: Breaking News)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
- Competing for FDI: An agenda for Sri Lanka (Category: Business)
Former top civil servant Dr. Prathap Ramanujam has been appointed to the Board of Senkadagala Finance Plc as an independent non-executive director with effect from 1 September 2012. Dr. Ramanujam retired after 38 years of distinguished service in the public sector. He was the Permanent Secretary to several key Ministries including Tourism, Livestock Development and ...
- CC to reconstitute independent commissions including EC (Category: Breaking News)
- Constitutional Council to meet on Wednesday (Category: Breaking News)
- CC yet to endorse second extension for IGP (Category: Breaking News)
- Shah: New coronavirus strain in England is worth keeping an eye on, but not surprising news (Category: USA, Maine)
CEO of Kantar Eric Salama is scheduled to meet with local business leaders, hosted by LMRB, a fully-owned subsidiary of the Kantar Group, on Tuesday 4 September 2012 at The Earl’s Court, Cinnamon Lakeside, Colombo. Kantar, WPP’s information, insight and consulting division Group UK, is engaged in providing insight and consultancy services around the world ...
- Kantar CEO to meet local business leaders today (Category: Business)
- Singer secures 18th consecutive ‘People’s Brand of the Year’ Award at SLIM-KANTAR PEOPLE’S AWARD... (Category: Breaking News)
- වාර්තා පිට වාර්තා තබමින් ජනතාවගේ ප්රියතම වැඩසටහන සම්මානය නැවතත් අටපට්ටමට (Category: Sinhala)
- TV Derana wins Youth Choice TV Channel of the Year (Category: Breaking News)
The Perceived Economic Opportunity Index (PEOI) declined sharply in July to one of its lowest values in the last twelve months having plateaued after the rise following the previous drop precipitated by the Valentine season price increases. The Index compiler, the Foundation for Economic Freedom in Sri Lanka (FEFSL), said in the background of the ...
- Sri Lanka stocks gain near 4-pct in first hour (Category: Breaking News)
- Women, poor worse off in India than in Pak (Category: Breaking News)
- Tassie confidence plummets (Category: Australia, Tasmania )
- Sri Lanka Ranks 22nd in Global KPMG – ODI Change Readiness Index (Category: Business)
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
- Make preparations count (Category: Business)
- Govt. readies for next UN session with national plan for human rights (Category: Business)
- Govt. appoints ministerial committee on human rights ahead of UNHCR sessions (Category: Business)
Foreigners most bullish with net buying up 20% or Rs. 5 b; Market’s value up by Rs. 48 b between 20 July and 24 Aug. Despite original reservations by some that President Mahinda Rajapaksa shouldn’t have met with capital market stakeholders, the Colombo stock market has proved otherwise, with the most bullish being foreign investors. ...
- Bourse set for fresh burst; ASI likely to erase YTD negative return this week (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Invest In Stocks With Good Valuations (Category: Breaking News)
- Malik moves out, market makes merry! (Category: Business)
Three top Japanese executives who are working in Sri Lanka will share some of their insights to Japanese style of management at the seminar organised by the JASTECA Institute of Management (JIM) on Monday, 27 August from 9 a.m. at the Crystal Ballroom at the Taj Samudra Hotel. The trio will figure in a panel ...
- Top seminar on Japanese style of management by JASTECA (Category: Business)
- Doing business the Japanese way (Category: Business)
- JASTECA program on ‘Japanese Way to Delight Customers’ (Category: Business)
- JASTECA-Juki production management program (Category: Business)
Reuters: China’s factories contracted in August the most in nine months according to a survey showing falling export orders and rising inventories, signs that more policy action is probably needed to stop a slowdown in economic growth now in a seventh quarter. The HSBC Flash China manufacturing purchasing managers index (PMI) fell to 47.8 in ...
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- China manufacturing shrinks for 11th month (Category: Business)
- China May factory activity turns down – HSBC Flash PMI (Category: Business)
- China factory sector shrinks most in 32 months (Category: Business)
Capital expenditure on education in the country has continuously decreased since 1980, especially after 2000, alleges a leading senior lecturer in economics attached to the Sri Jayewardenepura University - Dr. Chandrakumara Pathirage who points out that this has led to a number of serious issues
Fitch examines financing alternatives to the current predominant international borrowingsBy Cassandra Mascarenhas Discussing new investment opportunities and financing structures for Sri Lankan private sector entities to enter the current government dominated infrastructure financing in the country, Fitch Ratings Lanka hosted a seminar titled ‘Fitch Perspectives’ last week, featuring F...
- Fitch issues first Sri Lankan fund rating (Category: Business)
- Fitch assigns Ceylon Income Fund an ‘A-(lka)’ rating (Category: Breaking News)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Fitch labels Lanka a ‘highest-risk financial system’ (Category: Business)
WASHINGTON (Reuters): A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed US recovery still faces an uphill climb. Other data on Thursday gave mixed signals about the strength of an incipient housing recovery, with groundbreaking on new ...
- Asian shares edge higher, investors seek stimulus clues (Category: Business)
- India’s food inflation at 8.84% (Category: Business)
- Anxious global investors look for calm (Category: Business)
- Asian shares inch up but growth worries lurk (Category: Business)
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
- More than ever, businesses must think ‘what if’ (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
Sunil S. Sirisena has been appointed as the new Chairman of the National Savings Bank with effect from 13 August 2012. He is a senior officer in the Sri Lanka Administrative Service and prior to this, he has served as the Secretary to the Ministries of Education, Co-operatives and Internal Trade and Foreign Employment Promotion ...
By Nisthar Cassim The world’s leading nutrition, health and wellness company, Nestlé said last week Sri Lanka is a high growth market with strong upside in tandem with improving socioeconomic development aided by the end-of-war benefit. “We are experiencing double digit growth in Sri Lanka and see very positive prospects going forward. Our commitment to ...
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
- Nestlé Worldwide Executive Vice President in town (Category: Business)
- Nestle Lanka ends 2011 with strong results (Category: Business)
- Rs. 1.1 b Nestle rice noodle plant to serve convenient-foods hungry Sri Lanka (Category: Business)
Reuters: Japan’s economy expanded just 0.3 percent in April-June, half the pace expected, fuelling concerns growth will continue to flag as a rebound in consumer spending starts to lose momentum and Europe’s debt crisis weighs on global demand. The data provides further evidence of a global slowdown raising expectations in financial markets that policymakers will ...
- Japan economy shrinks more than expected in Q4, weak exports weigh (Category: Business)
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Japan Nov. factory output slumps (Category: Business)
- Japan exits recession as quake scars heal; outlook dim (Category: Business)
Some countries make progress outside U.N. process Progress is slow towards new climate deal Shift needed from targets, penalties to standards CO2 emissions continue to grow LONDON/OSLO: Green economic growth rather than strict targets for cutting greenhouse gases needs higher priority if the world is to reach a deal to fight climate change by a ...
- Nations warn of broken promises at UN climate talks (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Shipowners join WWF, Oxfam in urging climate levy (Category: Business)
- No region immune to Europe crisis: World Bank Chief (Category: Business)
Reuters: US employers in July hired the most workers in five months, but an increase in the jobless rate to 8.3 per cent kept prospects of further monetary stimulus from the Federal Reserve on the table. Nonfarm payrolls rose 163,000 last month, the Labour Department said on Friday, breaking three straight months of job gains ...
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