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UNITED NATIONS(Reuters): President Barack Obama will say on Tuesday the United States will “do what we must” to prevent Iran from acquiring a nuclear weapon as UN Secretary-General Ban Ki-moon warned against threatening attacks whose consequences would be devastating. Preparing to take the podium at the United Nations six weeks before the US presidential election, ...
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
BEIJING (Reuters): China will provide subsidies worth $2.2 billion to buyers of energy-efficient computers and air-conditioners in the latest effort to stimulate domestic demand and encourage the use of environmentally friendly technology, Xinhua reported on Sunday. The one-year subsidy programme will cover purchases of desktop computers, air-conditioners, fans, water pumps, compressors and transf...
Thai Airways International recently held a pre-launch reception to showcase its first Airbus A380-800 aircraft and new products and services. Thai Airways has configured all six of its A380s scheduled to join the fleet between this year and next with 507 seats in three classes: 12 in Royal First Class, 60 in Royal Silk Class, ...
A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
Reuters: President Barack Obama asked Americans on Thursday for patience in rebuilding the weak economy as he appealed for a new term in office and defiantly rejected Republican Mitt Romney’s proposals for growth as heartless. Accepting the presidential nomination at the Democratic National
By Cassandra Mascarenhas A groundbreaking initiative to encourage the commercialisation and adoption of nanotechnology across differing sectors, the National Science Foundation of Sri Lanka hosted the country’s inaugural nanotechnology conference last week. Aptly themed ‘Nanoscience and Nanotechnology in Sri Lanka: From Science to Commercialisation,’ the two- day conference featu...
Qatar Airways has announced an expansion of its USA route network with the introduction of daily passenger flights to Chicago from 10 April next year. The non-stop service from Doha, capital of the State of Qatar, will be the carrier’s fourth USA gateway, following already successful daily operations to New York (JFK), Washington (IAD) and ...
COPENHAGEN (Reuters): Shipping and oil group A.P. Moller-Maersk raised guidance for 2012 earnings last week on prospects of a further recovery in container freight rates after its Maersk Line swung back to profit in the second quarter. The global shipping industry has been hit by weak demand due to the world economic slowdown and an ...
The ‘Yes-Man’ Parasite, a.k.a. HMV The dictionary definition of a ‘pun’: ‘the clever or humorous use of a word that has more than one meaning, or words that have different meanings but sound the same’. The second word of the headline of today’s column is not exactly a pun, but somewhat akin to one, as ...
Reuters: The dynamic growth of golf in Asia has prompted suggestions that the continent merits a major championship of its own but if that does ever happen it will not be as a result of the PGA Championship relocating. PGA officials baulked at the suggestion on Wednesday that their event, widely viewed as the fourth-ranked ...
Playing off India against China and vice versa‘The Great Game’ was the name given to a diplomatic and military tussle between the British and Russian empires during the time of the British Raj in India for influence over what constitutes today’s central Asian states. Commonly known as the ‘Stan states,’ they were located along the ...
Whilst tracking the key moments of the London Olympics, I realised how reliant I was on the text updates that beeped on my Blackberry and then when time permits go to YouTube or the official websites to experience this key happening as it unfolds to the world. But, then I realised that my friends had ...
Reuters: The inaugural Sri Lanka Premier League (SLPL) represents a golden chance to showcase the island nation to the world, said one of the organisers of this month’s Twenty20 tournament. Sandeep Bhammer, chief executive of the little-known Somerset Entertainment Ventures group that has been given the rights to run the event for 15 years, told ...
Every country must have a socioeconomic model for developing the country and achieving sustainable growth and prosperity. The function of a sound model is to transform aspirations into reality by identifying all that needs to be done to achieve the aspirations. What is prosperity? What do we mean by prosperity for a country? My ...
Politically-motivated violence or a riot is a form of civil disorder characterised often by what is thought of as disorganised groups lashing out in a sudden and intense rash of violence against authority, property or people. A riot could also be due to a perceived grievance or out of dissent. Political violence was seen in ...
With the start of the holy month of Ramadan, Emirates has introduced several initiatives to ensure the well-being and comfort of fasting customers. In support of passengers observing Ramadan, Emirates has developed a unique tool to calculate the correct timings for Imsak and Iftar while in-flight. The tool, an industry-first, was developed in conjunction with ...
Reuters: India’s lawmakers voted for a new president on Thursday, ending weeks of wrangling and opening a much-hyped political window billed as the best chance for Prime Minister Manmohan Singh to launch a wave of reforms and reverse an economic slowdown. India’s markets are anticipating quick action to relax investment rules and cut subsidies once ...
, highlighted five factors that could derail the global economy: a worsening ...
For a record-setting eighth consecutive year, Emirates ‘ice‘ in-flight entertainment system has been awarded the ‘World’s Best Airline In-flight Entertainment’ award at the 2012 Skytrax World Airline Awards. The awards are based on voting by over 18 million airline passengers from 100 different nationalities. The award was accepted by Emirates’ Vice Presid...
From 1 January 2013, EK203 from Dubai to JFK, and its return sector EK204, will become A380 flights, offering an increased capacity of almost 1,000 additional seats in both directions every week. The service is currently operated by a Boeing 777-300ER. “Emirates is experiencing very high demand for its New York flights and the start ...
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
As Sri Lanka-Japan bilateral discourse completes 60 memorable events, Japan has become our seventh largest international trade partner. “The total bilateral trade turnover between the two nations has grown to $ 1,250 m in 2011. Japan, our seventh largest trade partner in 2011, has always been a key trading nation as well as a generous ...
A pledge of continued support to Sri Lanka’s tourism industry through award-winning air services was one of the highlights of the high profile formal opening of The Emirates Lounge at the Bandaranaike International Airport (BIA), Katunayake yesterday. Tim Clark, President of Emirates airline and Mohammed Mattar, Divisional Senior Vice President Airport Services joined Minister of ...
Reuters: Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro zone . Britain announced on Thursday it would flood its banking system with cash ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
With new features and new children’s products to come, Emirates stays at the head of the pack inflight In its on-going efforts to invest in the latest entertainment content and newest systems, Emirates has recently upgraded the hardware on its new Boeing 777 fleet to bigger, much wider, and digitally-enhanced screens for its winning inflight ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play
By Cassandra Mascarenhas The biggest mobile forum in the region, the South Asian Mobile Conference was held for the third year in Colombo earlier this week, bringing together some of the world’s top experts in the mobile sphere, developers of the next generation, researchers, academics and policy makers, creating a platform for a chance of ...