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Reuters: A visibly shaken Kofi Annan admitted defeat in his attempts to bring peace to Syria on Thursday, but – perhaps keen to protect his legacy from the taint of another genocide – laid the blame for the failure on the big powers that claim to back him. Syria was the best chance for Annan, ...
- UN says Syria civil war “imminent,” West urges sanctions (Category: Business)
- UN observers begin to leave Syria as their mission ends (Category: Breaking News)
- Frustrated Annan quits as Syria peace envoy (Category: Business)
- Syria on brink of sectarian civil war, West says (Category: Business)
Ambassador Ravinatha Aryasinha, Sri Lanka’s Permanent Representative to the UN in Geneva, addressing the Conference on Disarmament (CD) on Tuesday, 31 July 2012, has expressed Sri Lanka’s “profound disappointment that the conference has not been enabled to undertake substantive work on its agenda”. He said: “It is time to avoid the temptation of subjecting the ...
- Sri Lanka calls for agenda of conference on disarmament to be met (Category: Breaking News)
- Lanka deposits instruments of ratification of Comprehensive Nuclear-Test-Ban Treaty (Category: Breaking News)
- Former Ambassador Jayantha Dhanapala passed away (Category: Breaking News)
- SL recognizes nuclear energy for peaceful purposes (Category: Breaking News)
Reuters: The International Monetary Fund on Thursday called for a “policy game changer” in the euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbors. An IMF spillover report that looks at how the economic policies of the so-called systemic five ...
- European stocks rise ahead of ECB meeting (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
Reuters: Michael Phelps became the first male swimmer to win the same event at three successive Olympics when he clinched the men’s 200 metres individual medley gold medal at the London Games on Thursday. The American may no longer be the unstoppable force he was in Beijing four years ago but he still provided an ...
- Phelps quits the pool with unchallenged record (Category: Business)
- Ye Shiwen faster than Phelps (Category: Business)
- Phelps makes history with record 19th medal (Category: Business)
- Phelps beaten by Lochte in medley (Category: Business)
Reuters: The ear-to-ear smile of 16-year-old American Gabby Douglas and the tears of Russian Victoria Komova told the story of Olympic triumph and heartbreak in the women’s all-around gymnastics on Thursday. As Douglas waved presidentially to family, friends and team mates cheering her coronation as the new first lady of gymnastics, Komova slumped into a ...
- Taylor stuns Idowu to win triple jump gold (Category: Business)
- Schoolgirl wins maiden gold for Lithuania (Category: Business)
- Phelps makes history with record 19th medal (Category: Business)
- U.S. Gymnastics Team Vault To Gold In Stunning Performance (Category: Breaking News)
LONDON,(Reuters): Black belt Russian President Vladimir Putin will lock horns with British leader David Cameron over Syria and human rights during a day of judo diplomacy at the Olympics on Thursday at a time when relations between their two nations are strained. Cameron will push the former KGB spy, to take a tougher line on ...
- Europe vows closer union at G20 summit (Category: Business)
- Russia says “not thinking about” asylum for Assad (Category: Business)
- British and Russian leaders at Olympic judo competition (Category: Breaking News)
- Syria urged to end violence (Category: Business)
SINGAPORE (Reuters): The sanctions reducing Iran’s oil exports have played in the favour of major producers such as Saudi Arabia, Russia and Venezuela which now export about 21 percent more crude to Asia’s biggest buyers compared to a year ago. Iran’s exports to China, Japan
- OPEC crude output surges to 31.4m bpd in March (Category: Business)
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- Sri Lanka cleared from Iran oil sanctions (Category: Breaking News)
- Iran threatens to stop Gulf oil if sanctions widened (Category: Business)
New York: Muslim tourists globally represent a lifestyle tourism market worth $ 126.1 billion in 2011, and growing at a rate of 4.8 per cent through 2020, compared to global average of 3.8 per cent, a study said. The new ground-breaking study, ‘Global Muslim Lifestyle Travel Market: Landscape & Consumer Needs,’ highlights how airlines, tourism ...
- Japan named partner country for ITB Asia 2011 (Category: Business)
- AMET Cruises to launch Kochi services to Maldives, Lakshadweep (Category: Business)
- New breed of Chinese traveller can be targeted by niche companies (Category: Business)
- Cyprus launches $26m tourism campaign (Category: Business)
Reuters: The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years. “We cannot allow short-term food-price spikes to have damaging long-term consequences for the world’s most poor ...
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Targeted food subsidies help South Asia cope with future food price spikes: ADB (Category: Business)
- Global food prices near 3-year highs – World Bank (Category: Business)
- No region immune to Europe crisis: World Bank Chief (Category: Business)
Sri Lanka’s dependence on imported milk is a phenomenon that evolved during the time frame of my lifetime. I well remember as a child, a man used to bring a cow and its small calf to our house – we lived in a Government quarters bungalow in Colombo – and milk the cow, in the ...
- Why Sri Lanka’s dairy industry has languished (Category: Business)
- Nestlé increases milk collection (Category: Business)
- Anchor Newdale sets the standard for freshness and quality with locally sourced milk (Category: Business)
- Growing challenge of food insecurity and malnutrition in Sri Lanka amidst macroeconomic crisis (Category: Breaking News)
Reuters: Swimmer Michael Phelps won his 17th Olympic medal to take him closer to the all-time mark, but his U.S. freestyle relay team were upstaged by France as records fell in the pool on Sunday’s second day of competition at the London Games. South Africa’s Cameron Van der Burgh and American Dana Vollmer set world ...
- Lap of honour for Phelps in London (Category: Business)
- Phelps makes history with record 19th medal (Category: Business)
- Phelps quits the pool with unchallenged record (Category: Business)
- Magnificent Phelps completes milestone (Category: Business)
Reuters: Russia has made no agreement to grant Syrian President Bashar al-Assad asylum and is “not even thinking about” doing so, Foreign Minister Sergei Lavrov said on Saturday. The remarks fell short of a statement that Russia would not consider taking in Assad but were among Moscow
- Russia warns West over Syria after Obama threats (Category: Breaking News)
- Syria on brink of sectarian civil war, West says (Category: Business)
- UN assembly adopts resolution condemning Syria (Category: Business)
- Russia warns West over Syria after Obama threats (Category: Business)
Norway’s defence of their Olympic women’s handball gold medal got off to a poor start as they were beaten 24-23 by France in Group B of the preliminary stages. The Scandinavians, who have swept aside all before them at the Games, World Championship and European Championship over the last four years, endured a terrible opening ...
- Lankan team for U19 World Cup (Category: Business)
- Sino-Lanka Bilateral Trade (Category: Business)
- CIM Sri Lanka Region celebrates 100 years of marketing excellence (Category: Business)
Five teenage schoolchildren from Sri Lanka who had lost a family member to an act of terrorism attended this year’s ‘Project Common Bond’, a weeklong peace building and conflict resolution program held in the US. The program was organised by Tuesday’s Children, a New York based non-profit organisation serving the needs of those affected by ...
- Lankan students on US tour (Category: Breaking News)
- Massive draw for Lanka’s $ 1 b bond (Category: Business)
- Education Ministry partners Microsoft to launch DreamSpark (Category: Business)
- Pakistan Govt. announces Jinnah Educational Scholarships 2012 for Sri Lankan youth (Category: Business)
Reuters: Wimbledon champions Serena Williams and Roger Federer are in action on the opening day of the Olympic tennis tournament on Saturday, returning to the centre court just three weeks after their triumphs. Williams faces Serbia’s Jelena Jankovic in the second match on the 15,000 capacity court and is followed by Federer against Colombia’s Alejandro ...
- Federer thumps starstruck Nishikori in final (Category: Business)
- Federer closes first day at U.S. Open with quick win (Category: Business)
- Federer tames Tsonga to end year on high (Category: Business)
- Avenger Fed sets up Djokovic semi (Category: Business)
Reuters: Former England manager Fabio Capello vowed to turn Russia into one of the world’s top teams after signing a two-year contract as national coach on Thursday. Italian Capello replaced Dutchman Dick Advocaat, whose tenure ended following Russia’s disappointing Euro 2012 campaign
- Capello has agreed Russia job, says Russian FA (Category: Business)
- Capello eyes managerial return with top English club (Category: Business)
- Beckham sad to see Capello go, backs Redknapp for England job (Category: Business)
- Rooney’s England place in jeopardy after red card (Category: Business)
Reuters: China’s table-topping gold medal haul at the Beijing Olympics cemented its claim as a sporting superpower but the red-clad army of 396 athletes march into London with little swagger as they renew their battle for supremacy with the United States. China swelled with pride as their 51 titles at Beijing put the U.S. tally ...
- China set to remain top guns in London Olympics (Category: Business)
- Philippines set for one of tiniest Games teams (Category: Business)
- London 2012: USA push China aside to restore medal dominance (Category: Business)
- S. Korea, Japan vie for best of rest in Asia (Category: Business)
CIMA (Chartered Institute of Management Accountants) yesterday announced that The Indivisibles from Exeter University have been crowned global champion at the prestigious 2012 CIMA Global Business Challenge (GBC) in partnership with Barclays which took place from 23 to 24 July. The Indivisibles triumphed over stiff competition from twenty one other talented regions at the event ...
- Sri Lanka prepares to host 2012 CIMA Global Business Challenge (Category: Business)
- Unilever Sri Lanka partners 2012 CIMA Global Challenge (Category: Business)
- CIMA President fascinated with MLH (Category: Business)
- CIMA launches ‘Business Case Awards2012 ‘Recognising how CIMA drives business’ (Category: Business)
Reuters Point Carbon: Global carbon dioxide emissions rose 3 per cent to 34 billion tonnes in 2011, according to a new EU report, undermining a UN goal to limit the rise in global average temperatures to 2C above industrial levels by 2050. According to the report, published Wednesday by the European Commission’s Joint Research Centre ...
- Durban may be last chance to stabilise climate under two degrees (Category: Business)
- China to spend $372 b on cutting energy use, pollution (Category: Business)
- COP27: Russian invasion of Ukraine released 8 mn MT of carbon till September – report (Category: Breaking News)
- Global bank picks DHL to pioneer carbon neutral courier service (Category: Business)
According to the Thai Ministry of Tourism and Sports, Thailand recorded a 31% y-o-y increase in tourism receipts in 2011. The total earnings of 776 billion Baht (US$25.45 billion) were also well above the original target of 716 billion Baht (US$ 23 billion). The growth in total number of visitors is being matched by increased ...
- Thai Airways sacks President, jeopardising revamp (Category: Business)
- New York City set for record 50 million tourists in 2011 (Category: Business)
- Kenya 2011 tourism revenues up 32%, sees tough 2012 (Category: Business)
- Foreign visitors to US hit record 62 m in 2011 (Category: Business)
With affluence improving post-war as well as its value for money, Sri Lanka is among the fastest growing markets for tourism in Thailand. According to official data from Thailand, visitors from Sri Lanka grew by 20.85% to 32,878 in the first half of this year. Percentage growth wise it is one of the highest apart ...
- Asia Pacific tourism arrivals up 7% in July: PATA (Category: Business)
- Macau tourist arrivals surge (Category: Business)
- Tourist arrivals continue to shoot up (Category: Breaking News)
The Olympics ‘brand’ is valued at USD $47.6 billion with an 87% increase since the Beijing Olympic Games in 2008 (where it was valued at USD $25.4 billion) according to a new study launched last week by Brand Finance. The Olympics ‘brand’ is the second most valuable brand in the world and beaten only by ...
- HR and London Olympics (Category: Business)
- Apple takes a bite out of its rivals to dominate the BrandFinance Global 500 (Category: Business)
- Wish you were here? Olympics hoped to be tourist draw (Category: Business)
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
- Thailand ranks as No. 1 outbound destination for Indian travellers (Category: Business)
- Chamber of Tourism and Industry Chief meets Thai Deputy PM and Tourism Minister (Category: Business)
- Discussion on ‘Bilateral Trade between Sri Lanka and Thailand’ (Category: Business)
- Huawei launches its largest-ever regional Seeds for the Future Program, inspiring digital talent... (Category: Breaking News)
Excitement is building in Sri Lanka as Colombo prepares to host the 2012 CIMA Global Business Challenge (GBC) in partnership with Barclays from 23 to 24 July. Shown on MTV, the GBC final is held in partnership with Barclays. The competition involves teams presenting a business case which is then judged by a panel of ...
- UK team wins CIMA Global Challenge (Category: Business)
- 2012 CIMA Global Business Challenge Kicks Off Today (Category: Business)
- CIMA President fascinated with MLH (Category: Business)
- Unilever Sri Lanka partners 2012 CIMA Global Challenge (Category: Business)
Reuters: Former England manager Fabio Capello has agreed to become Russia’s new coach, the Russian Football Union (RFU) said on Thursday. “Though Capello has not signed a contract yet, a principal agreement with the Italian had been reached and de-facto he has become Russia coach,”
- Capello vows to turn Russia’s fortunes around (Category: Business)
- Rooney’s England place in jeopardy after red card (Category: Business)
- Beckham sad to see Capello go, backs Redknapp for England job (Category: Business)
- Putin extends US-Russia nuclear arms control treaty after Biden meeting (Category: USA, New York)
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 ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due to economic uncertainty and the possibility of lower ...
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
Reuters: India’s tea production in May dropped to 72.5 million kg, down 4.8% from a year earlier, the State-run Tea Board said, as unfavourable weather in the top-producing north eastern state of Assam state hampered plucking. The country’s tea production in the first five months of 2012 fell 11.4% to 215.8 million kg from a ...
- Smallholders target 300 million kilograms of tea this year (Category: Breaking News)
- Decline In Tea Production Raises Concern (Category: Breaking News)
- July tea output down 11.5% (Category: Business)
- World drinks more tea, FAO predicts strong price (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
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 ...
- Corporatism: A step beyond state capitalism (Category: Business)
- Entrepreneur and the profit motive (Category: Business)
- Exercising civic responsibilities (Category: Business)
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