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Honda Motor Co. Ltd is confident of capturing 50% of the motor cycle market in Sri Lanka from the current 25%, banking on the growing Sri Lankan economy.
Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
Reuters: Chinese university teacher Zhu Haibin wept softly as she and other Communist Party cadres stood in rows before a mass grave of Communist fighters in southern China. Ignoring light drizzle, the group listened to a party instructor tell the story of Zhang Longxiu, a “hero mother” from the early days of China’s Communist revolution ...
It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
Sri Lanka is ready and building the platform for the future US$ 100 billion economy, said Central Bank Governor Ajith Nivard Cabraal.
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
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 ...
South Africa, Sri Lankaandrsquo;s leading trade partner in Sub-Saharan Africa and the third most competitive economy in the US$ 13.7 trillion BRICS grouping, is making an unprecedented investment foray in to resurgent Sri Lanka-with no less than US$ 122 million initial investment andndash
Sri Lanka being a developing country with mixed economic sentiments, an ordinary layman might find it difficult to be optimistic about the prospects for local as well as for the global economy. Every country is influenced by the global economic situation, and hence every person
Suspicion exists that Sri Lankaandrsquo;s economy will be adversely affected by entering into the Comprehensive Economic Partnership Agreement (CEPA) with India, states a recent report released by Asia Wealth Management Research. The full text of the report, which explores the extent
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 ...
Sri Lanka requires proactive and pragmatic policy-making as there is a strong case for proactive policy-making to maintain the fiscal consolidation and revive the growth momentum in the economy, local think tank The Pathfinder Foundation said in its latest Economic Flash released yesterday.
The Motivation Charitable Trust (MCT), UK through the Sri Lanka Foundation for the Rehabilitation of the Disabled (SLFRD andndash; Colombo) together with four partner organizations Jaffna Jaipur Centre for Disability Rehabilitation (JJCDR), Centre for Handicapped (CFH) Kandy, Navajeevana Tangalle and Organization for the Rehabilitation of the Handicapped (ORHAN) Vavuniya recognized over 80 Public ...
Visa has taken its first steps towards entry into Myanmar (previously known as Burma) with a series of training workshops to prepare selected local banks for the introduction of electronic payments as the country continues its economic and social reforms. The workshops are aimed at upgrading the banking facilities to accept and issue international payment ...
With apologies to Francis Bacon whose quote is misquoted but not in essence of what he meant. Bacon’s comment that “reading maketh a full man, conference a ready man, and writing an exact man” is to be seriously looked at today in education and in practice where we appear to falter at every step of ...
Last week I had the opportunity of meeting Hermawan Kartajaya, one of the top 50 gurus who has shaped the world of marketing. His perspective to the changing landscape of marketing and what business must do sure opened my mind set to a new way of thinking business and Sri Lanka’s policy decision making. Hermawan ...
Nearly 50 stocks had gained by over 10% in the past month Three solid stocks gives over 23% year-to-date return against near 20% dip of the market If the general investing and savings public believes the Colombo Stock Exchange isn’t attractive, then nearly 50 stocks are likely to prove this incorrect, especially given their performance ...
In the next few years, Sri Lankan economy will reach a Gross Domestic Production (GDP) value of US$100 billion, up sharply from the slow paced economy of about US$ 24 billion GDP in 2004, Central Bank Governor Ajith Nivard Cabraal said.
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 ...
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: British tourism chiefs hope the Olympics and a global advertising campaign will entice more overseas visitors by 2015 and more than compensate for any short-term losses as the country tries to dig out from a double-dip recession. Tourism Minister John Penrose said the 2012 Olympics had given Britain the chance to re-establish itself as ...
The Pacific Asia Travel Association (PATA) has announced that PATA Travel Mart 2013 (PTM2013) and PATA Board Meeting will be hosted by the City of Chengdu, Sichuan Province, China in September 2013, at its PATA’s Executive Board Meeting on July 28, at the Hotel ICON, in Kowloon, Hong Kong. Martin J Craigs, PATA CEO, revealed ...
Despite the current state of the economy, there are certain sectors that continue to grow enabling the insurance industry to widen its horizons, opined a former head of Sri Lankaandrsquo;s insurance industry umbrella body.
The 2012 CIMA Global Business Challenge, held in Sri Lanka for the first time, kicked off earlier this week with the 22 teams of four from all across the world battling it out to come out on top. Being held for the fourth year, the Business Challenge attracted 12,000 participants initially. In Colombo to witness ...
Confirming buying opportunities are being missed, over 100 stocks were trading below asset value and market multiples have fallen below 10 times, according to Softlogic Stockbrokers. “We are bullish on the market over the medium to long term advising investors to accelerate accumulation so as to benefit from the expected bull run,” the broking firm ...
A special seminar on international education and global careers in finance has been jointly organised by Northwood University (USA) and ANC. Guest speakers from education and industry will introduce both O/Level ad A/Level students and their parents on how to best prepare for top jobs in finance. Seminar details are as follow: It’s all about ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
Four examples; two bad and two goodThe website of the London Economist newspaper has a reference to an official of a certain country referring to a journalist in words similar to what follows – I have substituted words which would be appropriate to an officer and a gentleman addressing a lady, for what was actually ...
The 13thandnbsp;Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce is currently underway in Colombo.