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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)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
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)
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
- APB President speaks on the theme of Annual Convention 2012 (Category: Business)
- CSE holds Investor Forum in Malaysia (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna (JVP) on Wednesday stated that the time has come for the public to “stand against the irresponsible decisions and unwise acts of the Finance Minister and the Central Bank Governor that leads this country into an economic downfall.” President Mahinda Rajapakse as the Minister of Finance and Central ...
- UNP raises alarm over NSB investment in The Finance (Category: Business)
- JVP breathes fire against 2018 Commonwealth Games bid (Category: Business)
- Illegal money changers in crisis as more transactions move into mainstream (Category: Business)
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms so far had substantially reduced external imbalances, but at the cost of significant ...
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
- Turning point in the currency war (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Reuters: Asian shares slid and the euro hovered near multi-year lows hit earlier on Monday, as Spain sparked concerns about its ability to stave off a sovereign bailout after two indebted regions sought financial assistance from the central government. Fears the euro zone’s fourth largest economy will be forced to follow Greece, Portugal and Ireland ...
- Euro zone crisis heads for September crunch (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Asian shares mark time ahead of Spanish bond test (Category: Business)
- IMF says euro needs master plan, not deadline (Category: Business)
REUTERS: Little more than a dozen years after the region’s crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China and India and pouring money into markets proving resilient to the global gloom. Short-term investors
- ASEAN path to economic union muddied by South China Sea (Category: Business)
- Asian shares rally, euro up on US jobs (Category: Business)
- Dollar debt set to remain sparse and steep in Asia (Category: Business)
- Economists rethink Asia’s doom-and-gloom scenarios (Category: Business)
Reuters: Asian shares slid on Thursday as a surprise rate cut from South Korea and an unexpected slump in Australian employment deepened worries about global economic growth. The news weighed on sentiment already hurt after minutes from a Federal Reserve meeting in June showed conditions may need to worsen before policymakers possibly buy more bonds ...
- Stock market recovers on renewed optimism (Category: Business)
- Asian shares jump on relief after China GDP, caution stays (Category: Business)
- Asian shares firm ahead of Fed; yen up after BOJ (Category: Business)
- Asian shares fall on European political uncertainty (Category: Business)
LONDON(Reuters): Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said on Tuesday. The jobless rate in the 34-country OECD area will still be stuck ...
- OECD sees euro crisis threatening world recovery (Category: Business)
- Greek economy keeps on crumbling (Category: Business)
- Developed Nation (Category: Business)
- China must quicken reforms to sustain growth: Statistics chief (Category: Business)
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to ...
- US economy mending, oil prices a challenge: Geithner (Category: Business)
- Asia’s economic growth slipping into neutral (Category: Business)
- Happy CB keeps policy rates unchanged (Category: Business)
- Global factories struggle as growth fears rise (Category: Business)
LONDON (Reuters): Gold prices eased a touch on Monday after a sharp rally the previous session, surrendering gains along with the euro and other commodities as a bounce lent to the financial markets by European Union plans to tackle the debt crisis petered out. Gold surged 3 percent on Friday
- Gold rises 0.6 percent as euro zone jitters resurface (Category: Business)
- Gold falls as economic optimism helps dollar (Category: Business)
- Gold gains, eyes biggest weekly rise since September (Category: Business)
- Gold tests $1,750 as Greece buys more time (Category: Business)
Reuters: Asian shares jumped and the euro surged more than 1 percent on Friday after European leaders agreed that euro zone banks could be recapitalised without adding to government debt, soothing fears over growing credit strains in Italy and Spain. As the dollar retreated on the back of the euro’s sharp rebound, dollar-based oil, copper ...
- Dollar softer, but euro fails get a boost (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- World stocks retreat as debt worries, economy outlook weigh (Category: Business)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
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 ...
- Taming the ‘monsters’ (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank last week. In fact, migrants
- New instrument for financing Sri Lankan development (Category: Business)
- Sri Lanka received highest remittances from Kuwait, UAE and Qatar in 3Q2023 (Category: Breaking News)
- Current phase of global recovery and implications for Sri Lanka (Category: Business)
- IMF says fragmentation could cost global economy up to 7% of GDP (Category: Breaking News)
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 an important equalising role. Viz – it attracts the participation of a large number of ...
- SEC To Work Towards Strengthening Investor Protection (Category: Business)
- Regulatory framework in place for Exchange Traded Funds (Category: Business)
- Top Govt. politico among investors summoned by SEC via ‘fiery’ notice (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
Reuters: Indian export data released on Friday confirmed a sharp slowdown in foreign trade, adding to the woes of Asia’s third-largest economy and piling more pressure on the weak coalition government to take steps to boost economic growth. Indian exports inched up 3.23 percent to $24.5 billion in April from a year earlier after falling ...
- Sevenagala sugar factory will be controlled solely by the govt., Basil (Category: Breaking News)
- EXPLAINER: What caused Sri Lanka’s economic collapse? (Category: Breaking News)
- Economic decisions cannot be taken by politicians – Namal (Category: Breaking News)
- Govt. To Remove Unauthorized Structures In Economic Center (Category: Breaking News)
SINGAPORE (Reuters): China’s total in 2012, fuelled by demand from the automobile and other sectors, a senior rubber industry official said last week, despite a slowdown in the world’s second-largest economy. China accounts for 35 percent of global natural rubber consumption, and its appetite will have a major impact on the market, which has been ...
- Globle rubber industry hopes China demand will offset Europe woes (Category: Business)
- Thai 2012 rubber output seen up 5% (Category: Business)
- Rubber rumbles (Category: Business)
- Thailand seeks global cooperation on rubber prices (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
BANGKOK (Reuters): Tokyo rubber futures rose above 280 yen on Tuesday, extending gains into a second straight session as news that Thailand would import rubber from the TOCOM exchange continued to buoy prices. But gains were limited as investors were still cautious about how much Thailand could buy, while European debt woes also pressured prices, ...
- Thailand seeks global cooperation on rubber prices (Category: Business)
- Thailand to start cutting rubber exports from Oct. (Category: Business)
- CRTA wary on prices as major rubber producers curb exports (Category: Business)
- Thailand seeks regional benchmark rubber export price (Category: Business)
Reuters: China’s premier called for additional efforts to support growth on Sunday, signalling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further in the second quarter. “We should continue to implement a proactive fiscal policy and a prudent monetary policy while giving more ....
- China can easily boost consumtion to strengthen its economy: IMF (Category: Business)
- China swings to surprise trade surplus in March (Category: Business)
- Audi July unit sales up 16%, driven by China (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
Reuters: The leader of JPMorgan Chase & Co’s hedging unit is retiring after trading losses that could end up exceeding $3 billion, a shortfall that President Barack Obama said might have led the government to step in had such losses struck a smaller bank. The Federal Reserve meanwhile said it is now looking into whether ...
- JPMorgan likely to post $4 b to $6 b trade loss (Category: Business)
- Obama has assets in JPMorgan accounts: White House (Category: Business)
- JPMorgan has trading loss of at least $2 b, reputation hit (Category: Business)
- Obama pledges tough enforcement of Wall Street reforms (Category: Business)
Mr. Thilak Karunarathne Chairman, Securities Exchange Commission,Colombo. Dear Sir, Re: SEC inquiry connected with the stock exchange transaction where the National Savings Bank acquired shares of The Finance Company I wish to hail your expressed commitments to initiate with urgency a comprehensive inquiry connected with the stock exchange transaction where the National Savings Bank acquired ...
- Economic management and the way forward (Category: Business)
- Govt. to consider tightening laws on white collar crimes (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- Wijetilleke backs calls for tough action on NSB-TFC deal (Category: Business)
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
- President’s leadership led to great achievements in ICT: Weeratunga (Category: Business)
- Building resilience in Asia Pacific’s digital society (Category: Business)
- Namal on dynasties and democracies (Category: Business)
- EDB turns 33 (Category: Business)
By Cheranka Mendis Even if the status of the world economy seems to have found a rather fragile equilibrium with Europe over the past six weeks, the world is no closer to being immune from the risks that have cropped up as a result of the European and USA led recession and changes in world ...
- S&P says Asia will pull through hard times (Category: Business)
- Emerging Asia’s 2012 growth cut to 6.8% from 7.4% (Category: Business)
- Lion leads frontier markets (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
LONDON, March 29 (Reuters): Global stocks and the oil price dipped on Thursday as disappointing U.S. data continued to temper risk appetite and analysts said the effect of a potential accord to release oil reserves would take time to filter through to the broader economy. In Europe, shares fell to a three-week low and peripheral ...
- Shares, euro dip on Europe; French bond auction eyed (Category: Business)
- Oil falls to 18-month low on global growth worries (Category: Business)
- Asian shares rise, investors see brighter US economy (Category: Business)
- Asia stocks end 2011 sharply lower (Category: Business)
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)
Reuters: Asian shares gave back earlier gains on Thursday after data showed China’s factory activity shrank for a fifth successive month, underscoring concerns about a growth slowdown in the world’s second largest economy. The MSCI Asia Pacific ex-Japan index was nearly flat, falling sharply from a 0.6 percent gain before the Chinese data. Still, the ...
- China Aug trade surplus dips, exports off peak (Category: Business)
- China 2Q GDP growth may dip below 7% (Category: Business)
- Asia sizes up threats from faltering Europe, U.S. (Category: Business)
- China GDP growth at 2-1/2 year low but tops forecast (Category: Business)
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