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Qatar Airways is planning to launch scheduled flights to Gassim, in the Kingdom of Saudi Arabia, on 7 January 2013. Gassim will become Qatar Airways’ fifth destination in the Kingdom, where it already serves Riyadh, Jeddah, Dammam and Medina. The Doha-based airline will operate four-flights-a-week to the central Saudi city of Gassim, offering travellers a ...
- Investors keen on Mattala Airport (Category: Breaking News)
- To Madinah (Category: Breaking News)
- Saudi,Qatar and Thailand promissed to support SL (Category: Breaking News)
- Qatar ruler due in Saudi Arabia for summit to end blockade (Category: USA, South Dakota)
BEIJING (Reuters): China will provide subsidies worth $2.2 billion to buyers of energy-efficient computers and air-conditioners in the latest effort to stimulate domestic demand and encourage the use of environmentally friendly technology, Xinhua reported on Sunday. The one-year subsidy programme will cover purchases of desktop computers, air-conditioners, fans, water pumps, compressors and transf...
- China’s Wen urges more support for growth (Category: Business)
- Asian shares inch up, euro zone and Fed QE3 eyed (Category: Business)
- Sri Lanka’s Expolanka profit skyrockets over 200% on exports, rupee depreciation (Category: Breaking News)
- APEC leaders commit to green trade liberalisation (Category: Business)
South Africa, Sri Lankaandrsquo;s leading trade partner in Sub-Saharan Africa and the third most competitive economy in the US$ 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
- Dilshan inspires Sri Lankan victory over SAF (Category: Breaking News)
- South Africa v Sri Lanka - scorecard (Category: Breaking News)
- Maritime Links (Category: Business)
- African Bite (Category: Business)
The 33rd National Conference of Chartered Accountants structured by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held from 18 to 20 October at Waters Edge under the theme ‘Winning: Country, Corporate, Citizen’. It will be a three-day conference with six technical sessions that will feature a panel of highly ...
- CA Sri Lanka’s Vindya Cooray brings honour to Sri Lanka (Category: Business)
- 26th National CA Students’ Conference concludes on a high note (Category: Business)
- 26th National CA Students’ Conference on 4 April (Category: Business)
- Confident Sujeewa takes up new role as CA Sri Lanka President (Category: Business)
Around 1,000 delegates in town for Commonwealth Parliamentary Conference and connected activities this week The entire Common-wealth is literally here as Sri Lanka plays host to the grouping’s annual gathering of Parliamentarians – this week, giving the country an excellent opportunity to be assessed firsthand as well as lift its profile globally. The 58th Annual ...
- Sri Lanka ready to host Commonwealth Parliamentary Conference next month (Category: Business)
- Sri Lanka to host Commonwealth Parliamentary Association conference (Category: Business)
- SPEAKER TO BECOME CPA CHAIRMAN (Category: Breaking News)
Country fourth fastest growing economy in the world, but Bourse is world’s third worst performer The dichotomy of Sri Lanka of being among the fastest growing emerging economies and worst performers when it comes to the stock market appears to be correcting, according to broking firm DNH
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- With interest rates rising, stock selectivity becomes vital: DNH (Category: Business)
- DNH Financial opens latest service centre in Gampaha (Category: Business)
- Bullish DNH forecasts ASI hitting 7,500 in 3Q; 9,000 by year-end (Category: Business)
Says foreigners likely to flood capital markets Sri Lanka’s prospects of real economic growth for 2012E appear to be ahead of regional peer economies as well as that of world’s advanced nations, according to Asia Wealth Management. It said latest projections made by IMF indicate Sri Lanka’s expected growth of 6.75% for 2012E is considerably ...
- Sri Lankan Corporate sector earnings (Category: Breaking News)
- Gujarat opens door for Lankan companies (Category: Business)
- Sri Lanka Economic Summit to explore opportunities in emerging markets (Category: Business)
- Baurs’ sister company visits Sri Lanka (Category: Business)
South Africa, Sri Lanka’s leading trade partner in Sub-Saharan Africa and the third most competitive economy in the $ 13.7 trillion BRICS grouping, is making an unprecedented investment foray into resurgent Sri Lanka with no less than a $ 122 m initial investment –and is scheduling
- Powerful South African biz delegation in town today (Category: Business)
- South African delegation begins major B2B talks (Category: Business)
- Top South African biz team coming in Sept. (Category: Business)
- South Africa keen to explore business opportunities in Sri Lanka (Category: Breaking News)
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, ...
- Thai Airways International takes delivery of brand new Boeing 777-300ER (Category: Business)
- First Thai Airways A380 rolls out of paint shop (Category: Business)
- Thai Air will not extend budget airline deal with Tiger (Category: Business)
- Bangkok Airways connects Bangalore and Thailand (Category: Business)
Emirates contributed $1.15 b as Foreign Exchange Earnings to the economy Emirates operations support 72,323 jobs in India Expansion of an efficient civil aviation sector is important for India as it becomes increasingly linked to global commerce and tourism. The National Council of Applied
- India’s approach to development partnership (Category: Breaking News)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Apparel sector to lose USD 494 million if Sri Lanka loses GSP (Category: Breaking News)
- Economic management and the way forward (Category: Business)
Incident could affect Madurai getting international connectivity: Trade bodies The Hindu: The recent tension over the presence of Sri Lankans in Tamil Nadu has caused trade bodies in southern districts worry over the prospects of international connectivity for Madurai as the first full-fledged international flight was scheduled from Colombo on 20 September. While not going ...
- TNCCI concerned over attack on Sri Lankans (Category: Business)
- Mihin Lanka to operate first international flight out of Madurai (Category: Business)
- Doubts over the upcoming Madurai – Colombo flight (Category: Breaking News)
- Long-awaited flight to Lanka may commence in September (Category: Breaking News)
The International Air Transport Association (IATA) last week announced global traffic results for July showing slower growth in both air travel and freight, but with considerable variation by region and market. n July passenger demand in aggregate was 3.4% higher than the same month last year, compared to a 6.3% increase in June and average ...
- 2011 ends on positive note for global aviation (Category: Business)
- July global passenger traffic gets a boost, freight stagnates – IATA (Category: Business)
- Global aviation demand growth compromised by high oil prices – IATA (Category: Business)
2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
- Hub is no hoodoo, says TEA (Category: Business)
- Tackling tea travails (Category: Business)
- Tea exporters want Gota to defeat mafia (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
The HSBC Youth Enterprise Awards (YEA) 2012 presented by the British Council was held at the Hilton Colombo amidst distinguished guests including Dr Sunil Nawaratne, Secretary, Higher Education Sri Lanka, Tony Reilly, Country Director British Council and Nick Nicolaou, Chief Executive Officer HSBC Sri Lanka and Maldives. Having been assessed through multiple rounds of workshops ...
- Rewarding Innovators (Category: Breaking News)
- Budding Business (Category: Business)
- HSBC, British Council launch ‘Youth Enterprise Awards 2012’ (Category: Business)
Reuters: Asia-Pacific nations including China, the United States and Russia will promise measures to boost growth on Sunday and reject limits on food exports to try to revive the flagging global economy. Countries on the Pacific Rim were expected to end a two-day summit on an island off the Russian
- APEC leaders commit to green trade liberalisation (Category: Business)
- Putin says APEC leaders “optimistic” on growth, hits back over crane flight (Category: Breaking News)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
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 ...
- The ability to save (Category: Business)
- Of Confidence Tricksters and Ponzi Schemes (Category: Breaking News)
- Pyramid schemes galore in rural areas where financial literacy is low– Police spokesman (Category: Breaking News)
- Need To Restrain The Power Of Shadow Finance (Category: Breaking News)
Reuters: Sri Lanka’s economic growth this year may range between 6.7% and 7.2% depending on the impact of a drought that has lasted since the beginning of the year, Treasury Secretary Dr. P.B. Jayasundera said on Thursday. The Central Bank has forecast 7.2% economic growth this year, after revising it down in March from the ...
- Central Bank emphatic dollars are coming (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
- ComBank records highest growth in ‘Inter-Bank Electronic’ payments (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
Sri Lanka Telecom Mobitel has come forward as the Main Sponsor of the 20th Annual National Chamber of Export Awards to be held on 21 September this year. This is the seventh consecutive year that the National Mobile Service Provider will be supporting this endeavour of the NCE as its main sponsor, as they honour ...
- SLT-MOBITEL celebrates the season of love with exciting giveaways (Category: Breaking News)
- National Transport Commission signs up with Mobitel for Mobile Enterprise Solutions (Category: Business)
- Mobitel ventures into an unprecedented network expansion and technology drive (Category: Business)
Reuters: China has given the green light for 60 infrastructure projects worth more than $150 billion as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter. Shares and steel futures jumped
- China on track to meet 2012 growth target: Wen (Category: Business)
- China economy shows signs of stabilising – NDRC (Category: Business)
- China beats US as top foreign investor in Germany (Category: Business)
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
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
- Romney wins big in Florida presidential primary (Category: Business)
- Romney close to Republican nomination after victories (Category: Business)
- Romney scores big win over Santorum in Illinois (Category: Business)
- Obama widens lead over Romney despite jobs data (Category: Business)
SINGAPORE (Reuters): Indonesia, the world’s second-largest rubber producer, will start cutting exports in the fourth quarter of this year, a senior industry official said, holding back around 100,000 tons of the commodity in a joint effort with Malaysia and Thailand to boost sagging prices. “Whether (export curbs) are going to last for six or three ...
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
- CRTA wary on prices as major rubber producers curb exports (Category: Business)
- FACTBOX:How Asia’s rubber producers intervene on prices (Category: Business)
- Thailand seeks global cooperation on rubber prices (Category: Business)
By S.S. Selvanayagam The Supreme Court yesterday (6) ordered the Central Bank to file the Foreign Reserve Management Rules (Guidelines) to Court sequent to the Fundamental Rights violation petition challenging the investment on the controversial Greek bonds, which resulted in a loss of Rs. 2.14 billion of public funds to the State. The Deputy Solicitor ...
- UNP MP files FR case against CB’s junk Greek bond investment (Category: Business)
- Minister Amunugama defends Greek bonds investment (Category: Breaking News)
- Central Bank makes substantial gains in reserve management (Category: Business)
- Central Bank defends investment in Greek bonds (Category: Breaking News)
Wins two Presidential Travel and Tourism Awards SriLankan Airlines was named ‘Airline of the Year’ for the fourth consecutive year at the SriLankan Tourism Awards 2011, firmly emphasising the National Carrier’s pivotal role in the growth of Sri Lanka’s tourism industry. SriLankan Airlines is proud to serve as a pillar of strength to Sri Lanka’s ...
- SriLankan Airlines wins KLIA Award for sixth time (Category: Business)
- SriLankan Airlines’ IAA completes first TAASL member agent training program (Category: Business)
- 78 graduate from the TAASL training program (Category: Business)
- London Taxis roam with SriLankan branding (Category: Business)
By Devin Jayasundera With the country’s Islamic banking still at a low penetration level, experts point out that with the strategic position that Sri Lanka occupies in the region, it should make forays into Islamic capital market to reap full benefits of this industry. Central Bank Governor Ajith Nivard Cabraal addressing the gathering KPMG’s Global ...
- Sri Lanka can be an Islamic finance hub (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- Commercial Bank adjudged ‘Best Bank in Sri Lanka’ for record 14th year (Category: Business)
- Pakistan Central Bank to develop rules for Islamic scholars (Category: Business)
Reuters: Oil futures rose above $114 per barrel on Thursday, buoyed by expectations the European Central Bank will manage to ease its debt crisis with a new programme of bond purchases. Europe’s debt crisis and slowing global economic growth have fuelled worries about the demand outlook for commodities. Investors hope a new ECB bond-buying programme ...
- Interest, FX rates to stabilise: Treasury Secy. (Category: Business)
- Eight banks vie to lead Sri Lankan euro bond: CB (Category: Business)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
Ceylon Tea Brokers Plc in the financial year ended on 31 March 2012 posted an income of Rs. 185.69 million, up from Rs. 157.5 million in FY11 whilst pre-tax profit improved to Rs. 63.3 million from Rs. 56.7 million. Total assets as at 31 March 2012 amounted to Rs. 933 million as against Rs. 788.7 ...
- Tackling tea travails (Category: Business)
- March tea output falls on bad weather (Category: Business)
- Local tea industry in a fix (Category: Business)
- Trying time for tea (Category: Business)
By Shanuka Tissera A very determined large business delegation from South Africa landed in Sri Lanka for a five-day tour, geared to heavily increase bilateral trade between the two countries. Exchanging of the MoU between Minister of Economic Development South Africa Prof. Hlengiwe Buhle Mkhize and Deputy Minister of Economic Development Sri Lanka Lakshman Yapa ...
- Top South African biz team coming in Sept. (Category: Business)
- ANC business delegation visits Sri Lanka (Category: Breaking News)
- Powerful South African biz delegation in town today (Category: Business)
- South Africa keen to explore business opportunities in Sri Lanka (Category: Breaking News)
GENEVA (Reuters): Unemployment among young people is likely to rise globally as the euro crisis hits emerging economies and more discouraged jobless youth drop out of the labour force altogether, the International Labour Organisation said on Tuesday. The ILO said jobless rates among people under 25 worldwide are expected to inch up to 12.9% by ...
- At youth forum, UN labour chief warns of ‘growing discontent’ (Category: Business)
- No recovery in sight for labour markets, warns ILO (Category: Business)
- No end in sight to global jobs crisis: ILO (Category: Business)
- World needs 600 m new jobs in next decade: ILO (Category: Business)
SRI Lanka’s slide of 16 places in the Global Competitiveness Index will not come as a surprise to many, though it will act as a guide to pointing out the challenges still facing the economy. Last year when 10 places were gained, everyone was jubilant, with the Government and private sector
- Borrowing Costs (Category: Business)
- All schools in Sri Lanka will be closed from July 04 to July 08 (Category: Breaking News)
- Sri Lanka to issue long-term residence visa for foreign investors (Category: Breaking News)
- High Security Zones (Category: Breaking News)
Results of the ICC-Ifo World Economic Survey, released recently, reveal declining optimism over global economic recovery as fear continues to spread about the unsolved debt crisis in Europe. The Survey, which received responses from 1,079 experts in 123 countries, showed that the world economic climate indicator fell to 85.1 in Q3 2012 after two successive ...
- Optimism in Middle East businesses ‘rising’ (Category: Business)
- Deutsche Post DHL hikes outlook as Asia demand buoys Q3 (Category: Business)
- ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC 2010 (Category: Breaking News)
- Global economic outlook slowly improving but remains fragile (Category: Business)
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