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The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events
- Economic growth to rebound in 2013: SCB (Category: Business)
- Economic Outlook: A tough year ahead but measures in right direction (Category: Business)
- OPIC funding to provide opportunities for growth (Category: Business)
- 2012 Budget in focus (Category: Business)
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 ...
- Heed people’s call for new political model (Category: Breaking News)
- Sovereign People, Legal Despotism & Aragalaya (Category: Breaking News)
- A sad state of affairs (Category: Business)
- Sri Lankan elections: A new dimension (Category: Business)
We talk more about absenteeism. A new research trend has emerged to look into the opposite of it. There are confusing definitions and complicated diagnostics yet the path is worth exploring. Today’s column is all about presenteeism. Overview Absenteeism, generally defined as not showing up for scheduled work, has a long research history. This ...
- Taming the ‘monsters’ (Category: Business)
- Qantas raising fares to tackle high fuel cost (Category: Business)
- SLT 1H operating profit up 15% to Rs. 3.36 b (Category: Business)
- Economic management and the way forward (Category: Business)
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Sri Lanka Ports, Trade and Logistics Conference kicks off By Cheranka Mendis Sri Lanka’s potential as a major maritime and shipping hub in the South Asian region was showcased yesterday at the launch of the two-day Sri Lanka Ports, Trade and Logistics Conference and Exhibition held at the Hilton, Colombo. While times are challenging for ...
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- South Asian ports need synchronised development (Category: Business)
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
- Achieving economic goals amidst global challenges (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
President of the UNCSD, Secretary General of the UN, excellencies, ladies and gentlemen, it is indeed a great pleasure for me to be here in Rio de Janeiro and to share my thoughts at this momentous event. The presence of so many Heads of State and Governments, Senior Ministers, Officials and thousands of members of ...
- Rio+20 and the developing world (Category: Business)
- President faults developed nations for environmental crisis (Category: Breaking News)
- Saving environment: not task of developing countries alone: President at Rio+20 (Category: Breaking News)
- World leaders gather at RIO for Sustainable Summit (Category: Breaking News)
Whilst acknowledging progress, business tycoon Harry Jayawardena has renewed his call for a more enabling environment to boost private sector investments to a desired level, warning that rest of Asia was fast reaping benefits of such strategy. “The region offers many examples of how enabling environments have thrust their private sectors to the forefront of ...
- Diversified young conglomerate LOLC honoured with six accolades (Category: Business)
- LOLC Group bullish on regenerating north east (Category: Business)
- Govt. keen to support private sector: Cabraal (Category: Business)
The Hindu: The major economic problem of India is that agriculture and allied activities account for only 15 per cent of GDP while 70 per cent of the country’s population lives in rural areas. With a growth of agriculture at a rate significantly lower than that of GDP, the trend is an inexorable reduction of ...
- India confirms drought as El Nino looms (Category: Business)
- Nagaland: Ruza, a traditional water harvesting system for the water-scarce mountains (Category: Breaking News)
- Japan says El Nino emerges, raising fears on food prices (Category: Business)
- Farming the main occupation of two million families (Category: Breaking News)
TOKYO (Reuters): Asian shares and commodities slid while the euro fell to its lowest in almost two years against the dollar on Thursday, as surging borrowing costs in troubled Spain raised fears that it could fail to rescue its banks and may need to seek a bailout. Investors fled from risk assets to U.S. government ...
- Asian shares ease, hurt by Spain bank woes (Category: Business)
- Asia shares fall steeply on worries over Spain banks, growth (Category: Business)
- Asia shares, euro consolidate from lows (Category: Business)
- Shares subdued as Spain auction puts investors on edge (Category: Business)
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011
- ‘Rupee Volatility – In Search of Equilibrium’ (Category: Business)
- Forex crisis: CB explains and assures (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
The Royal Bank of Scotland Group’s Head of Rating Advisory Raymond Woo had recently called on Economic Development Minister Basil Rajapaksa. “Sri Lanka was able to control the impact of internal and external crisis successfully due to the efficiency of the political, economic and administrative management of President Mahinda Rajapaksa,” Minister had told Woo. Minister ...
- Minister suggests exporting Sri Lanka`s surplus rice and vegetables (Category: Breaking News)
- Minister suggests exporting Sri Lanka's surplus rice and vegetables (Category: Breaking News)
- Sri Lanka exporting maize is a people's victory - Minister (Category: Breaking News)
- Sri Lankan would face any challenge - minister (Category: Breaking News)
LONDON (Reuters): The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high. Ending its program of quantitative easing
- Rocky Road (Category: Business)
- Sri Lanka’s Central Bank raises rates to contain record high inflation (Category: Breaking News)
- Fiat Inflation (Category: Business)
- Inflation drops in July for the fifth consecutive month (Category: Breaking News)
Denying accusations that the Ceylon Electricity Board is a burden on the national economy, Minister of Power and Energy Champika Ranawaka points out its contribution towards the country’s development and claims the staggering loss of $ 42 billion predicted for 2012 was mainly due to the fuel
- Electrifying losses (Category: Business)
- CEB GM Eng. Rohan Seneviratne steers electricity sector toward sustainable and renewable future (Category: Breaking News)
- CEB: Making losses or deliberate blunders? (Category: Business)
- Treasury defends fuel revisions (Category: Business)
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- The Economic Impact of Exchange Controls (Category: Business)
- Living with debts (Category: Business)
- Strategies on reducing or getting out of foreign debt (Category: Business)
Tyranny of the international capital markets Dr. Indrajit Coomaraswamy, ex-Central Banker and International Civil Servant, did not mince words when he addressed the country’s exporters last week. The veteran economist, having made an assessment of the risks associated with Sri Lanka’s external sector crisis, warned that the country will have to grapple with “the tyranny ...
- High costs of poor performance or high returns of sound management (Category: Business)
- Appreciating exchange rates: Not a boon always (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- No more IMF loan for Sri Lanka (Category: Breaking News)
As part of the UK Government’s commitment to reviewing the immigration system, last summer a consultation was launched proposing reforms to employment-related settlement, Tier 5 of the points based system and overseas domestic worker routes. The UK’s Immigration Minister, Damian Green, yesterday announced the government’s response to this consultation. The proposed changes will m...
- UK ends automatic settlement for skilled workers (Category: Breaking News)
- UK government encourages exceptionally talented migrants (Category: Business)
- Actuaries, pipe welders, gecochemists wanted by UK (Category: Breaking News)
- UK govt. accepts recommended changes to shortage occupation list (Category: Breaking News)
SINGAPORE (AFP): Oil prices rose in Asian trade on Monday as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in February, gained three cents to $98.73 in morning trade. Brent North Sea crude for February ...
- Sri Lanka suffering huge loss after replacing Iranian oil with Arabian crude (Category: Business)
- Kuwait resumes full crude supply to Asia (Category: Business)
- Sri Lanka’s Iran crude imports may drop up to 20% (Category: Business)
- Reuters says Lanka has most reasons to worry about Iran oil (Category: Breaking News)
By Kusal Perera Groundviews.org: The media these few days, especially the English media, provides unusually high anti government coverage to the government’s latest move to push through a bill, classified as urgent. Titled “Revival of the Underperforming and Underutilised Assets Bill,” it sent many stories spinning round Colombo circles. More politically savvy circles talked abou...
- Harsha reminds Rajapaksa Govt. of Sirimavo’s fall after nationalisation (Category: Business)
- ‘Expropriation Bill’ is evil? (Category: Business)
- Irony Of The “Left” In Opposing Rajapaksa Amidst Buddhists (Category: Breaking News)
- Entrepreneur and the profit motive (Category: Business)
A reader of My View on popular fallacies of currency appreciation published in the previous few weeks has directed a series of questions to me. What is Central Bank’s mandate? Should it just target to stabilise the domestic prices? Or should it try to maintain stability in the exchange rate? Or should it work for ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Appreciating the exchange rate to create prosperity (Category: Business)
The Maldivian administration’s key economic strategy is to engage the private sector and enable the diversification of the economy for sustainable development, said Mahmood Razee, Minister of Economic Development in the Republic of Maldives who was in the country to attend the fourth Annual
- Maldives Hotel Asia 2012 from 10 to 12 Sept. (Category: Business)
- Budding Business (Category: Business)
- Seminar on bilateral trade between Maldives and Sri Lanka (Category: Business)
- Lankan businesses asked to invest in Maldives (Category: Breaking News)
Reuters: Sri Lanka’s stock market fell for a third session to a more-than six-week low on Thursday, following Asian peers on a gloomy global economic outlook, a local liquidity shortage and forced selling to meet margin debt reductions. The island nation’s main share index closed 0.45 per cent or 30.50 points weaker at 6,762.38, its ...
- Controlling shareholder CFLB buys 12% more of Colonial Motors for Rs. 319 m (Category: Business)
- Bottomed Out or SEC change talk? Market opens week on the up (Category: Business)
- Royal Ceramics’ 2Q shines with half a billion pre-tax profit (Category: Business)
- Stock market up ahead of Budget; rupee weaker (Category: Business)
Last week, media were abuzz with two reports on how undesired exchange rate movements could worry governments. One was a currency under pressure for appreciation in the market and the other was a currency moving in the opposite. Swiss Franc: One way Journey to Appreciation The first was the case of the Swiss Franc which ...
- Six popular fallacies of currency appreciation – Part 2 (Category: Business)
- Swiss central bank intervention fails to stem franc’s rise (Category: Business)
- External value of the rupee: Market driven or Central Bank driven? (Category: Business)
- Rupee sinks to record low (Category: Business)
By Devin Jayasundera A top Finance Ministry official last week declared that the country’s import sector has bright opportunities on to the future in tandem with fast growing economy and per capita income of the people. Delivering the keynote address at the Ceylon Chamber Import Section
- The Economic Impact of Exchange Controls (Category: Business)
- Mixed bag for Lankan exports (Category: Business)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
United National Party Parliamentarian Kabir Hashim who once served as a mediator between the two fractions now says it is the responsibility of the three leaders to take the party cadre out of the mess they themselves created. Hashim asserts that leaders should be able to resolve the leadership crisis amongst themselves without pushing the ...
- Ranil Asks For Leadership For Another Year (Category: Breaking News)
- Karu Defends UNP’s No Ball (Category: Breaking News)
- For A Public Dialogue With UNP As “Twenty-Eleven” Rolls Out (Category: Breaking News)
- He Who Dares Wins (Category: Breaking News)
Sri Lanka’s cement industry, trade, standard and import inspection schemeOrdinary Portland Cement (OPC), commonly known as cement, is once again dominates headlines of the Sri Lankan print and electronic media due to its preserved or real temporary shortage of supply in the domestic market. The media attributes the supply shortage to the variety of factors. ...
- Samaposha gets SLS certification (Category: Business)
- SLS certification endorses Keells Sausages’ premium quality assurance (Category: Business)
- Cant issue SLS to imported cement; artificially created shortage (Category: Breaking News)
- Kelani Armoured Cables obtains SLS 1186 certification (Category: Business)
By Dr. O.G Dayaratna-Banda Department of Economics and Statistics University of Peradeniya Adoring the discarded neo-liberalism The Secretary to the Treasury of Sri Lanka has seemingly informed the Vice Chancellors of the Universities at a meeting held at the UGC that the “increase of the salaries of university academics or any other public sector workers ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Pitfalls of export-led growth (Category: Breaking News)
- Are The IMF & Ranil Wickremesinghe Neoliberal? (Category: Breaking News)
By Dr. S. Narapalasingam PART I The baffling moves and actions on the political front of the potent government led by President Mahinda Rajapaksa, since the war ended conclusively mid May 2009 have been considered discretely by many analysts, ignoring...
- Political will to settle national issue still not forthcoming despite awareness for permanent se... (Category: Breaking News)
- Bipartisan consensus for national reconciliation is urgent, necessary and possible (Category: Breaking News)
- Confusion over national reconciliation, unity and lasting peace in post-war Sri Lanka (Category: Breaking News)
- Devolution will strengthen and uphold democracy and national unity (Category: Breaking News)
By GABRIELLA STERN NEW YORK -- Sri Lanka's president said Wednesday that rising labor costs in China present an opportunity for his South Asian country to attract foreign companies seeking an alternative low-cost manufacturing base....
- Kalutara gets the second Open University of Sri Lanka (Category: Breaking News)
- President Rajapaksa sworn in for new term (Category: Breaking News)
- Sri Lankaâs President Mahinda Rajapaksa and First Lady Shiranthi Rajapaksa with US President (Category: Breaking News)
- The `We can` philosophy (Category: Breaking News)
By M.Sooriasegaram The proposed Nallur Hotel in Jaffna by the Mercantile Bank of Sri Lanka has sparked off a public debate. At a public consultative meeting organized by the Mayor of Jaffna several weeks ago, Minister Douglas Devananda, who chaired...
- Nallur festival attracts large crowds (Category: Breaking News)
- Green Globe certifies 20 Mövenpick hotels in Middle East (Category: Business)
- Jaffna Revisited – Some Quick Impression On Post-War Development (Category: Breaking News)
- Youth prick the tattoo of LTTE symbol arrested at Nallur (Category: Breaking News)
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