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Reuters: Iranian President Mahmoud Ahmadinejad will visit China in June for a security summit and discuss his country’s disputed nuclear program with Chinese President Hu Jintao, a senior diplomat said on Wednesday, criticising new sanctions aimed at Iran. Ahmadinejad will be attending the Shanghai Cooperation Organisation (SCO) meeting hosted by Beijing in June, China’s Vice ...
- Ahmadinejad denounces ‘uncivilised Zionists,’ urges new order (Category: Business)
- Ahmadinejad says his country will succeed in the battle against the West (Category: Breaking News)
- Ahmadinejad says US can no longer dictate policy (Category: Business)
- Iran imposes oil ‘counter-sanctions’ on EU (Category: Business)
( April 29, 2012, Colombo, Sri Lanka Guardian) Sri Lanka has once again, like many times in recent years, sought the assistance of China to help avert a balance of payments crisis and also fund two key projects, official and political sources said. In a visit just before the Sinhala and Hindu
- IOC eyeing oil refining in Sri Lanka (Category: Breaking News)
- Does Sri Lanka need India to run Sri Lanka? (Category: Breaking News)
- China to provide US$ 600 million to finance the phase II of the Hambantota port (Category: Breaking News)
- IOC considering setting up a US$ 3.5 billion worth oil refinery in Sri Lanka (Category: Breaking News)
Sri Lanka has once again, like many times in recent years, sought the assistance of China to help avert a balance of payments crisis and also fund two key projects, official and political sources said. In a visit just before the Sinhala and Hindu New Year, that was kept under wraps, a team
- Persian Prop (Category: Business)
- Refining Revision (Category: Business)
- China set to build new Sri Lanka refinery, says Minister (Category: Breaking News)
- Oil Plan (Category: Business)
Reuters: Fresh from a big victory in raising $430 billion for the International Monetary Fund, Christine Lagarde’s tougher test as head of the global lender will be finding a way to give emerging economies more influence. To do this, the former French finance minister will need to convince the Fund’s dominant powers – the United ...
- Global economy’s ‘timid’ recovery faces high risks: Lagarde (Category: Business)
- IMF Chief Lagarde emphasises Asia, China role in global recovery (Category: Business)
- Lagarde eyes $400 b rise in IMF funds this week; Japan pledges $ 60 b (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
to reduce vulnerabilities, risks of a renewed upsurge of the crisis ...
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- G20 moves to line up huge rescue deal for April (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
Elsewhere on these pages an article has been published questioning the viability of Sri Lanka’s over 100 year old tea industry, which is also the island’s third largest foreign exchange (forex) earner, ipso facto from income derived from the export of tea. A question mark hangs over Its future based on rising costs, made worse ...
- Tackling tea travails (Category: Business)
- Local tea industry in a fix (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
- Tea Makes $ 1.4 Bn (Category: Breaking News)
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
- Tackling tea travails (Category: Business)
- Planters’ Association Chief says turbulent times for tea (Category: Business)
- Sector report (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
Let’s learn the right lessons from the Geneva outcome, not the wrong ones. It is not the case that a small country such as Sri Lanka cannot fight a diplomatic battle with the mighty USA and win. Minutes after the Sri Lanka vote at the HRC this time, the Cubans moved a resolution on the composition ...
- Krishna to make special statement on Sri Lanka (Category: Breaking News)
- Cuba out voted at UN Human Rights Council over Sri Lanka (Category: Breaking News)
- India concerned over resolutions at UNHRC (Category: Breaking News)
- Sri Lankan Tamils & Palestinians: International Justice In The Dark? (Category: Breaking News)
By Amantha Perera IPS: As the UN Human Rights Council (UNHRC) voted in, Thursday, a resolution asking Colombo to act on recommendations made by its own Lessons Learnt and Reconciliation Commission (LLRC), Buddhist prayers reverberated through the Sri Lankan capital. “It is a resolution that encourages Sri Lanka to implement the recommendations of its own ...
- US to support UN resolution against Sri Lanka (Category: Business)
- US prepares for bitter showdown with Sri Lanka over war crimes (Category: Breaking News)
- Avoid another resolution, urge Elders (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
Thousands of women in the apparel industry deserve respect for being partners in Sri Lanka’s highest foreign exchange earning sector By Uditha Jayasinghe Sri Lanka’s apparel industry clothes the world and earns the largest amount of foreign exchange but is struggling to retain its workforce as an estimated 30,000 vacancies remain open in hundreds of ...
- Apparel Exporters blame Govt. for lack of support (Category: Business)
- Wall Street Journal spotlight on Brandix’s global push via regional foray (Category: Business)
- Growth maintained in apparel exports (Category: Breaking News)
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 ...
- Entrepreneur and the profit motive (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
- Governance - Four examples; two bad and two good (Category: Business)
Reuters: Global trade rules for finance, telecommunications and other service sectors have failed to keep pace with changes in technology and are “modest and flimsy” compared with trade rules for manufactured goods, said a report released on Friday. “Services trade policy reform can be both a basis for long-term growth and a way to bolster ...
- SWIFT and ICC collaborate on enhanced rules and tools for trade finance (Category: Business)
- WTO risks its future by keeping Doha talks alive (Category: Business)
- IFC trains bankers to help strengthen trade finance in Sri Lanka (Category: Business)
- Liberalising trade in services (Category: Business)
Thousands of jobs at risk By Indika Sri Aravinda The tea industry, the country’s second largest net foreign exchange earner is facing a potential crisis as a result of the economic sanctions imposed on Iran by the US government, the Sri Lanka Tea Board said. Tea Board Chairperson Janaki Kuruppu
- No change in Sri Lanka's tea exports to Iran (Category: Breaking News)
- No change in Sri Lanka's tea exports to Iran despite US exemption (Category: Breaking News)
- Crisis in the Middle East jolts tea industry – Minister (Category: Business)
- Feb. tea output slips marginally (Category: Business)
Harsh rhetoric and emotional outbursts before the commencement of the19th Session of the United Nations Human Rights Council next week in Geneva have obfuscated the objectives of the resolution to be moved against Sri Lanka at the sessions. The issue on alleged war crimes committed by Sri Lankan servicemen has polarised into a debate of ...
- Activists urge India to vote against Sri Lanka (Category: Breaking News)
- Lanka resolution: Uproar in parliament, India undecided (Category: Breaking News)
- DMK supports US resolution against Sri Lanka (Category: Breaking News)
- PM: LTTE Sympathizers Trying To Make War Crimes Charges Again (Category: Breaking News)
Doesn’t anyone read public opinion polls anymore? Don’t they make news anymore? I’m not referring to opinion polls run or commissioned by the government – any government—or its affiliates, but opinion polls in reputed non-state publications, especially those on vital topics. Surely no topic could be more topical than the international moves being made on ...
- TNA, PSC and the danger of wrong turnings (Category: Breaking News)
- Premadasa Exceptionalism and challenges it currently faces… (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
- Whither Sri Lanka after four decades of being a Republic? (Category: Breaking News)
Nearly half (48%) of the 1,258 CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC’s 15th Annual Global CEO Survey. Just 15% said the global economy will improve during 2012. However, nearly three times as many CEOs are confident in their own companies’ growth prospects ...
- Confidence falls as CEOs prepare for more shocks (Category: Business)
- Who’s who in global ranking of India’s best CEOs? (Category: Business)
- “India about to take off…” German CEOs double down on Indian growth story after meeting with PM ... (Category: Breaking News)
- More Lankan CEOs queuing for India (Category: Business)
Reuters: China will continue to invest in euro zone government debt, the country’s central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China. Zhou Xiaochuan admitted that China and other emerging nations like Brazil, Russia or India were waiting for the right time to help the bloc, ...
- China urges EU to reach debt deal without delay (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
- Important issues (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
- Sri Lanka’s economy stands to gain from a stronger Europe: German Envoy (Category: Business)
Reuters: The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks. The United States and Canada
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
- ‘Japan, china to ‘consult closely’ on support for IMF’ (Category: Business)
MOSCOW (AFP): Russia’s growth ticked up to 4.2 percent in 2011 from 4.0 percent in 2010, making it one of the three best-performing major economies in the world, Prime Minister Vladimir Putin said Thursday. “Russia is in third place among the major economies of the world, behind only China and India,” said Putin who also ...
- Putin says little role for BRICS in euro crisis (Category: Business)
- Putin says APEC leaders “optimistic” on growth, hits back over crane flight (Category: Breaking News)
- Russia raps euro-zone crisis management (Category: Business)
- Russia's Putin warns of worsening global instability (Category: USA, South Dakota)
The Top 100 Nation Brands have been ranked by Brand Finance plc with the USA, Germany and China topping the report Eurozone crisis affects the Nation Brand vales of Greece, Ireland and Japan who are ranked as the Top 3 biggest Losers Further chaos in Europe has seen the brand values of Spain
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
- The ‘real’ problem with brand Sri Lanka (Category: Business)
- Will the deal hurt brand NSB? (Category: Business)
Below is an interview with Ambassador Dayan Jayatilleke published in the French Diplomatic Review – La Lettre Diplomatique (The Diplomatic Letter) Two years after the end of a three decades conflict, the lifting of the emergency rule in late August 2011 confirmed the beginning of a new era for Sri Lanka. With the recent discovery of ...
- France assures assistance to restructure Sri Lanka’s debt (Category: Breaking News)
- French President Emmanuel Macron pledges strong support for debt restructuring in Sri Lanka (Category: Breaking News)
- France continues support for Sri Lanka’s renewable energy plans (Category: Breaking News)
GENEVA (Reuters): The 153 members of the World Trade Organization agree on two things: We’re in a hole. And we must keep digging. The hole is the Doha Development Round, a decade-old negotiation that was billed as the next stage of trade liberalisation after the creation of the WTO itself. After repeated failures to clinch ...
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
10 events and trends that were overlooked this year, but may be leading the headlines in 2012 Foreignpolicy.com: What events and trends flew under the radar in 2011 but could erupt into massive headline-grabbers in 2012? Foreign Policy rounds up the top 10 “stories you missed” this year. 1. India’s military buildup China’s new aircraft ...
- Ahmadinejad says US can no longer dictate policy (Category: Business)
- Prof. Sumit Ganguly addresses strategic importance of South Asia to the US (Category: Business)
- Pakistan’s Buddhist art comes to Sri Lanka (Category: Business)
- Pakistan holds trade show in India, but obstacles remain (Category: Business)
with Afghanistan has complicated U.S. attempts to ease a crisis in relations with Islamabad and ...
- US senators penalise Pakistan for jailing doctor who aided CIA (Category: Business)
- US, Pakistan ties still raise tough questions: Clinton (Category: Business)
- Pakistani leaders to meet on crisis with U.S. (Category: Business)
- Ahmadinejad says US can no longer dictate policy (Category: Business)
PM’s and United Russia’s ratings falling Putin draws parallels with turmoil in Europe Says parliament majority needed to deal with crisis NOVO-OGARYOVO, Russia (Reuters): Vladimir Putin said on Thursday that if his party lost dominance of parliament in the Dec. 4 election, as a poll
- Putin lays out case for Kremlin return (Category: Business)
- Putin says little role for BRICS in euro crisis (Category: Business)
- Protesters chant for a “Russia without Putin” (Category: Business)
- Tens of thousands of protesters pile pressure on Putin (Category: Business)
BANGKOK (Reuters): Thailand’s worst floods in 50 years have hit tourism at the start of the high season, but the country has recovered quickly in the recent past from all sorts of scourges and some tour operators are hopeful a recovery might start next month. Floodwater in some areas of the capital, Bangkok, and other ...
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- PATA says no need to change travel plans to Thailand (Category: Business)
- Residents flee Bangkok after “massive” flood warning (Category: Business)
- Ex-Chairman of Sri Lanka Tourism tells govt. not to put cart before horse (Category: Breaking News)
Reuters: Asia Pacific countries pressed Europe on Thursday to act more forcefully to quell its debt crisis, setting the tone for a summit overshadowed by growing alarm over the fallout from euro zone upheaval. U.S. Treasury Secretary Timothy Geithner and other APEC finance ministers agreed to shore
- APEC leaders commit to green trade liberalisation (Category: Business)
- Putin says APEC leaders “optimistic” on growth, hits back over crane flight (Category: Breaking News)
- Chandula to talk on cross border microfinance at APEC Inclusion Forum (Category: Business)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
Reuters) – The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence. Christine Lagarde told
- Washing machine cat is feline dizzy (Category: AU, New South Wales)
- Gets Oscars presenting gig (Category: Business)
- Megyn Kelly pulls sons from ‘woke’ UWS school over anti-white letter (Category: USA, New York)
- Homeless woman called ‘Bus Stop Mary’ identified by her family in New Jersey (Category: USA, Hawaii)
ST PETERSBURG, Russia, Nov 7 (Reuters) – Russia, holder of the world’s third largest foreign reserves, gave a vote of no confidence on Monday in Europe’s handling of its debt crisis as the head of the International Monetary Fund visited Moscow to seek support. Prime Minister
- Putin says little role for BRICS in euro crisis (Category: Business)
- Russia 2011 growth 4.2% (Category: Business)
- Putin lays out case for Kremlin return (Category: Business)
- Protesters chant for a “Russia without Putin” (Category: Business)
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