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JOUY-EN-JOSAS, France (Reuters): French business leaders stepped up criticism of the new left-wing government on Friday, lamenting a perceived anti-corporate bias and lack of competitiveness, despite the prime minister’s recent efforts to mollify them. The presidency of Socialist Francois Hollande, who has angered some in the corporate world for adopting what they say are “soak-the-ric...
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
Assures he will strictly go by the SEC Act Says investigations must be persisted with but with a clear timeframe Being a professional marketer, says perceptions and sentiments matter; Stresses capital market development role with focus on small-timers, SMEs Promises regular stakeholder consultation, impact analysis before coming up with new regulations By Nisthar Cassim The ...
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...
ABU DHABI (Reuters): Abu Dhabi launched operations at a multi-billion dollar port facility on Saturday, seeking to diversify its oil-based economy with a project that could intensify competition for the region’s shipping traffic with neighbouring emirate Dubai. Abu Dhabi Ports Co (ADPC
Sujani Gamage from University of Uva Wellassa wins HSBC Youth Enterprise Award 2012By Devin Jayasundera HSBC in partnership with British Council hosted the HSBC Youth Enterprise Awards 2012 in order to recognise and promote the entrepreneurial culture among the younger generation of the country. This competition which is a ‘Business Plan Contest’ was held for ...
The Perceived Economic Opportunity Index (PEOI) declined sharply in July to one of its lowest values in the last twelve months having plateaued after the rise following the previous drop precipitated by the Valentine season price increases. The Index compiler, the Foundation for Economic Freedom in Sri Lanka (FEFSL), said in the background of the ...
Reuters: Indian Finance Minister Palaniappan Chidambaram urged officials on Tuesday not to hound the country’s taxpayers, despite the pressure the officials are under to meet the annual tax targets as the economy faces its deepest slump for nine years. “We are not going to be regarded
United Motors Lanka PLC (UML) recently introduced the Valvoline diesel synthetic 5W-40 to the Sri Lankan market. The diesel synthetic 5W-40 is formulated with high-quality synthetic base stocks and a boosted additive system. The diesel synthetic 5W-40 boasts hi-performance synthetic technology that meets the stringent demands of modern diesel engines, including those built on ...
Chevron Lubricants Lanka PLC, the pre eminent marketer of leading lubricant brands Caltex, Havoline, Delo and Lanka, has embarked on a mega health camp series for the residents in major coastline areas in the North, East and South regions of the country. The first medical camp sponsored by Caltex this year was recently held in ...
Reuters: China’s economy is stabilising slowly as pro-growth government policies gain traction while real estate curbs have suppressed speculation, the head of the country’s top planning agency, the National Development and Reform Commission, said on Wednesday. Zhang told a meeting
We cannot afford free education and there is no case for the public to subsidise free education at the university state in particular, since the gains to the individual exceed any gains to the economy. The gains, except in the engineering and medical faculties, are low from an economic
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
Reuters: The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve. Gross domestic product expanded at a 1.7% annual rate, the Commerce Department
Taking into account more people travelling between Sri Lanka and India, SriLankan Airlines is adding three more flights between Colombo and Trivandrum bringing the total to 10 flights a week, effective from today. India has always remained a key market for the airline and a top revenue contributor. The geographical placement of Sri Lanka has ...
WASHINGTON, (Reuters): Singapore’s economy is set to weaken this year on the back of weaker global demand and related international financial and trade strains emanating from the euro zone debt crisis, the International Monetary Fund said on Monday. “Under the benign global baseline
LONDON, (Reuters): Brent crude oil slipped below $112 per barrel on Wednesday as Hurricane Isaac, which hit land in Louisiana, left US Gulf Coast oil production facilities without significant damage. US energy companies have shut most facilities in the Gulf of Mexico, cutting the region’s oil output by more than 90 per cent. Most shutdowns ...
OSAKA (Reuters) : Daikin Industries Ltd will buy Goodman Global Inc for $3.8 billion, gaining greater access to the North American market and making the Japanese company the world’s largest maker of heating, ventilation and air-conditioning (HVAC) systems. Daikin has long been interested in its Houston, Texas-based rival, but put off takeover talks following Japan’s ...
Policymakers and governments should not see environmental taxation as a cure-all, says the Association of Chartered Certified Accountants (ACCA) in a policy paper called ‘Green Taxation in a Recession’. Due to the ongoing global recession and economic uncertainty, governments are looking to environmental taxation as a possible way to bolster tax revenues. ACCA says that ...
THE cost of living is a daily state of being, rather than a condensed number for the masses. However, the latest August data depicts dangerous signs for the Government as it heads towards elections. On Tuesday President Mahinda Rajapaksa was seen visiting the drought-hit regions ahead of his campaign trail in the three provinces that ...
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 ...
Reuters: India and China pressed each other for greater market access for their products from medicines to Bollywood films at a meeting of trade ministers on Monday, seeking to expand commercial ties between the Asian giants as they battle a global downturn. Despite twitchy relations and occasional heated rhetoric, business relations between India and China ...
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
Achievements so far The authorities have achieved significant success in reducing the budget deficit from 9.8% of GDP in 2009 to 6.8% in 2011. The bold measures introduced in February/March 2012 to increase fuel and electricity prices, passing on higher global costs, have gone a long way towards reducing the off-balance sheet losses of 2% ...
JASTECA panel urges Government to invite more foreign investment into the country By Cassandra Mascarenhas Furthering corporate ties between Japan and Sri Lanka, the Japan Sri Lanka Technical and Cultural Association (JASTECA) hosted a seminar on Japanese style of management earlier this week featuring a panel of renowned Japanese businessmen who shared their knowledge and ...
Etihad Airways has unveiled plans to increase its services to Casablanca to provide daily flights from 28 March 2013. The airline, which celebrated its seventh anniversary of operations to the Moroccan capital in June 2012, currently flies five times a week between Casablanca and the Emirate. The daily service will support traffic growth between Abu ...
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.
Gulf Air, the national carrier of the Kingdom of Bahrain, posted significant improvements in its 2012 half yearly performance against the same period last year across its business operations, indicating positive results. Announcing the highlights of the Jan-June 2012 business performance of the company, Gulf Air CEO Samer Majali said that the airline has recorded ...
Last week I had the opportunity of meeting the Maldivian business delegation that was in Sri Lanka with their Head of State to sign a series of bilateral agreements with the Government of Sri Lanka. One CEO of a large resort chain in the Maldives said the climate change issues that the Maldives is up ...