Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Nov (219)
Narrow by Category
- Business (219)
Reuters: Banks are getting round new rules intended to make a still vulnerable industry safer while countries are distracted by the continuing financial crisis, the International Monetary Fund said on Tuesday. The IMF’s latest Global Financial Stability Report said banks will adjust
- Demands on bank assets pose “vicious cycle” danger (Category: Business)
- India finds balance in NPLs recovery and borrower rights (Category: Business)
- Insurers, asset managers need tighter control – BIS (Category: Business)
- Three steps to avoid a global depression – Soros (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)
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)
SINGAPORE: Business sentiment among Asia’s top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia’s outlook, a Thomson Reuters/INSEAD survey showed. Concerns over global demand are hurting Asia’s export engines, with autos, technology and shipping sectors am...
- Europe, China worries hurt business sentiment: survey (Category: Business)
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
- Asia’s growth picking up, too early to celebrate (Category: Business)
- ‘Pessimism’ over Asia-Pacific growth: survey (Category: Business)
Commendable achievements Over the years Sri Lanka has gained a considerable reputation for its achievements in social development. It punches above its weight on the UNDP’s Human Development Index. It has also performed very well in meeting the internationally agreed Millennium Development Goals (MDGs), which focus on indicators related to poverty, health, education and gender ...
- From poverty to sustainability in Sri Lanka (Category: Business)
- Equity and well-being in Sri Lanka (Category: Business)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
- ‘Divi Neguma’ Dept: Development catalyst, dependency creator or a white elephant? (Category: Business)
NEW YORK (Reuters): Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Fed ramps up economic stimulus, ready to do more (Category: Business)
- Time to buy as market has corrected itself enough: Panel (Category: Business)
- World stocks steady near 11-mth lows (Category: Business)
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- Tilak insists no overregulation (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Tilak talks his way out of SEC (Category: Business)
TIANJIN, China (Reuters): China is on track to meet this year’s target for economic growth and if needed the government could utilise a 100 billion yuan fiscal stability fund to boost growth, Premier Wen Jiabao said on Tuesday. Wen, speaking at a meeting of the World Economic Forum held in China’s eastern port city of ...
- China’s Wen urges more support for growth (Category: Business)
- Global crisis not over, China reforms to go on: Wen (Category: Business)
- China cuts 2012 growth target to 8-year low of 7.5 % (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
It is unfortunate that today many impressions of Sri Lanka in foreign countries are based on unverified facts, and wrong or deliberately manipulated disinformation, carried out by those who once supported the forces of terror. These same elements continue to sow the seeds of division and separatism through various media, and also influence politicians in ...
- Commonwealth is here! (Category: Business)
- President tells Commonwealth delegates that Sri Lanka is steering on the democratic path after e... (Category: Breaking News)
- President tells CPA – “See the truth about Sri Lanka: against barrage of lies by agents of terror” (Category: Breaking News)
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)
Reuters: Asia-Pacific nations including China, the United States and Russia will promise measures to boost growth on Sunday and reject limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim were expected to end a two-day summit on an island off the Russian port city of Vladivostok by ...
- APEC leaders commit to green trade liberalisation (Category: Business)
- Putin says APEC leaders “optimistic” on growth, hits back over crane flight (Category: Breaking News)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
Reuters: China has given the green light for 60 infrastructure projects worth more than $150 billion as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter. Shares and steel futures jumped on the plans to build ...
- China on track to meet 2012 growth target: Wen (Category: Business)
- China economy shows signs of stabilising – NDRC (Category: Business)
- China beats US as top foreign investor in Germany (Category: Business)
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
GENEVA (Reuters): Unemployment among young people is likely to rise globally as the euro crisis hits emerging economies and more discouraged jobless youth drop out of the labour force altogether, the International Labour Organisation said on Tuesday. The ILO said jobless rates among people under 25 worldwide are expected to inch up to 12.9% by ...
- At youth forum, UN labour chief warns of ‘growing discontent’ (Category: Business)
- No recovery in sight for labour markets, warns ILO (Category: Business)
- No end in sight to global jobs crisis: ILO (Category: Business)
- World needs 600 m new jobs in next decade: ILO (Category: Business)
In an exclusive interaction with the Gamechanger Team on the sidelines of the SLPL match between Basnahira Cricket Dundee and Uva Next, the Secretary of Sri Lanka Cricket Nishantha Ranatunga opened up with his thoughts on the Mahindra Sri Lanka Premier League, its future in the Sri Lankan cricket system and what it would do ...
- SLPL boost for tourism next month (Category: Business)
- Sri Lanka Premier League forges ahead (Category: Business)
- Brian Lara, MCC Chief lift SLPL to the world (Category: Business)
- $3 m floor price set for T20 league franchises (Category: Business)
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)
Reuters: China’s vast manufacturing sector has been badly hit by slowing new orders, two complementary surveys showed, a sign that the pace of growth in the world’s second-largest economy will weaken well into the third quarter. The final reading of the HSBC China manufacturing purchasing managers’ index (PMI) for August fell to a seasonally adjusted ...
- China factory sector shrinks most in nine months (Category: Business)
- China factory sector shrinks most in 32 months (Category: Business)
- China PMI in surprise fall, lowest since 2009 (Category: Business)
- Asia’s services sector shows resilience in August (Category: Business)
Policymakers and governments should not see environmental taxation as a cure-all, says the Association of Chartered Certified Accountants (ACCA) in a policy paper called ‘Green Taxation in a Recession’. Due to the ongoing global recession and economic uncertainty, governments are looking to environmental taxation as a possible way to bolster tax revenues. ACCA says that ...
- ACCA holds annual general meeting (Category: Business)
- Optimism in Middle East businesses ‘rising’ (Category: Business)
- ACCA for a career that enhances the future (Category: Business)
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
- Promoting productive social protection (Category: Business)
- MBSL seminar on ‘Implications of the new Finance Business Act’ on 19 September (Category: Business)
- The loud voice of economists: Reform or perish (Category: Business)
- Taming the ‘monsters’ (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)
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)
The Finance Houses Association (FHA) has launched a Code of Ethics for registered finance companies for the benefit of all stakeholders of the industry. FHA said the new Code of Ethics would be a guideline for business operations of member finance companies in terms of customer services, confidentiality of information, legal obligations, employee recruitment, competitive ...
- Ethics Code For Finance Cos. (Category: Breaking News)
- Finance Houses Association elects Kamal as Chairman (Category: Business)
- Challenges in business ethics (Category: Business)
- Leasing Industry Looks To Raise $ 250 Mn. From International Markets (Category: Breaking News)
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)
The NDB Group has delivered yet another strong performance for the first half year of 2012 recording a commendable profit after tax of Rs. 1,362 million to its shareholders, which is an increase of 36 per cent compared to the previous year. Chairman of the Bank Hemaka Amarasuriya stated: “The impressive results are attributable to ...
- NDB reports strong financial results in 1Q (Category: Business)
- NDB awarded international accolade for brand excellence (Category: Business)
- NDB Group 2011 profits up 35% to Rs. 2.9 b (Category: Business)
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
Reuters: Indian Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates. In his first comments since becoming finance minister on July 31, Chidambaram said it was important to ...
- Indian Finance Minister urges officials not to hound taxpayers (Category: Business)
- Surprise industrial slump adds to India’s economic woes (Category: Business)
- India’s growth will be weaker than expected (Category: Business)
- May revise India growth forecast for 2011-12 to 6.5%: Moody’s (Category: Business)
SINGAPORE (Reuters): The sanctions reducing Iran’s oil exports have played in the favour of major producers such as Saudi Arabia, Russia and Venezuela which now export about 21 percent more crude to Asia’s biggest buyers compared to a year ago. Iran’s exports to China, Japan, South Korea and India have fallen by a third in ...
- OPEC crude output surges to 31.4m bpd in March (Category: Business)
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- Sri Lanka cleared from Iran oil sanctions (Category: Breaking News)
- Iran threatens to stop Gulf oil if sanctions widened (Category: Business)
LONDON (Reuters): Britain’s economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis. Finance minister George Osborne said figures released on Wednesday showed Britain had “deep-rooted economic problems,” adding that the slump in the second quarter was ...
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- Growth is better than expected – CB (Category: Business)
- Growth gloom (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets are well aware of the risk-return tradeoff intrinsic to these markets. Low ...
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
Reuters: Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about – China. Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around ...
- China urban tide to grow by 100 million in 10 years: Report (Category: Business)
- China’s investment firm misses payments amid concerns of financial crisis (Category: Breaking News)
- Yuan hits all-time high (Category: Business)
- China economy set for soft landing, needs more reform – IMF (Category: Business)
BEIJING (Reuters): Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China. Chinese state-owned firms in Africa face criticism for using imported labour ...
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
- South African to host 2013 IATA AGM (Category: Business)
- China, India score with untied aid (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Global Foreign Direct Investment (FDI) inflows rose 16 per cent in 2011, surpassing the 2005-2007 pre-crisis level for the first time, despite the continuing effects of the global financial and economic crisis and the current debt crisis in Europe, UNCTAD’s annual survey of investment trends reports. The World Investment Report 20121, subtitled ‘Towards a New ...
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global trends in investment (Category: Business)
Popular Topics
- International Monetary Fund (135)
- Political crisis (219)
- Foreign exchange reserves (90)
- Shortage (4)
- Bank reserves (138)
- Fuel (23)
- Economy of Sri Lanka (219)
- Russia (16)
- Ukraine (1)
- Sri Lanka Tea (103)
- Tourism (15)
- Sri Lanka Quality Tea (111)
- Sri Lanka Tourism (104)
- Sri Lanka Cricket (102)
- Sri Lanka Hotels (102)
- Sri Lanka Elections (106)
- Hiru Tv (6)
- ITN News (35)
- Shakthi Tv (6)
- Derana Dream Star (6)
- EPF (3)
- BBC (4)
- Rob Ford (1)
- Karen Stintz (1)