Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...

Following are the brief key suggestions that came out at the groundbreaking pre-Budget 2012 brainstorming session held recently under a joint initiative by the Daily FT and the MBA Alumni Association of University of Colombo with Secretary to the Treasury Dr. P.B. Jayasundera as the Chief Guest

The courage the Government has demonstrated in cancelling the CATIC deal and yet feeling secure, rather than embarrassed by it, must be recognised. It is a responsible step, a prudent decision, which will have enduring benefit both in terms of national policy and FDI strategy. This step will also earn the respect of the indigenous ...

Securities and Exchange Commission (SEC) Chairperson Indrani Sugathadasa on Saturday used religion to bring some sanity to the capital market, currently marred by allegations of greed and power. Before concluding her speech at the ceremonial opening of the SEC-organised Investment Day 2011 at the Sri Lanka Exhibition and Convention Centre, Sugathadasa, quoting Lord Buddha, said: ...

Asia Capital recently sold its 53% stake in Asian Alliance Insurance and a 40% stake in Asia Siyaka, realising Rs. 2.3 billion. It now plans to forge ahead with a new portfolio of investments in films, hotels and IT. Asia Capital’s senior management outlined these plans and its forthcoming Initial Public Offering, plans to float ...