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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 ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
The academics are marching. The students are marching. The Muslims are marching. Every day hundreds images of throngs of people shouting slogans and demonstrating blare across television screens, newspapers and of course, the internet. SMS news alerts about road closures and barricades abound as popular discontent rises to the surface through trade union agitation and ...
- No interference in Sri Lanka’s Judiciary, President asserts (Category: Business)
- Divi Neguma Bill to be back anew (Category: Business)
- Northwestern Provincial Council approves the Divi Neguma Bill (Category: Breaking News)
- SC order and govt.’s trial balloon (Category: Breaking News)
By Amantha Perera JEJU, South Korea (IPS): As ravenous consumers of natural resources, companies are beginning to recognise that they owe a monetary debt to the planet, and are sharpening their pencils to calculate it. In 2004, when the International Union for Conservation of Nature (IUCN) held its four-yearly World Conservation Congress in Bangkok, Thailand, ...
- IUCN Puts The Accent On Business (Category: Breaking News)
- Facebook IPO: Mark Zuckerberg’s letter to prospective investors outlines core values (Category: Business)
- Nature Trails – setting the trend in eco-tourism (Category: Business)
- Power: Form, flexibility and force (Category: Business)
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 may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
Continuing its growth momentum, Orient Finance PLC adds yet another milestone, with the opening of its doors to the acceptance of fixed deposits, subsequent to being licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No 42 of 2011 as a Finance Company.
- Red Ink (Category: Business)
- Finance Losses (Category: Business)
- Finance Recovery (Category: Business)
- Serial Winner (Category: Business)
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 ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
The much anticipated Islamic Finance News Roadshow will be inaugurated today by the Governor of the Central Bank of Sri Lanka, Ajith Nivaard Cabraal. The Governor will deliver the key note address at this forum which will also see the attendance of many other key officials of the Sri Lankan Islamic banking and finance industry. ...
- IFN Roadshow a boost for Islamic finance in Sri Lanka (Category: Business)
- Amana Bank Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka . (Category: Breaking News)
- Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
IFC, a member of the World Bank Group, this week hosted an advanced trade finance seminar in Colombo to train bankers from Sri Lanka and Maldives on using sophisticated trade finance products, the better to serve small entrepreneurs engaged in international trade.
- Risk Sharing (Category: Business)
- Risk Cover (Category: Business)
- Finance Rating (Category: Business)
- The CoL is the responsibility of the Finance Minister - Bandula (Category: Breaking News)
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 ...
- Promoting productive social protection (Category: Business)
- MBSL seminar on ‘Implications of the new Finance Business Act’ on 19 September (Category: Business)
- The loud voice of economists: Reform or perish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
Global Media Networks Ltd. (GMNet) has unveiled a Colombo Stock Exchange-based free game simulator VstoX Colombo Virtual Exchange (www.vstox.com) with a view of introducing a virtual simulation to investors on the Colombo Bourse’s activities for the first time in Sri Lanka. VstoX integrates the real life order placement system, commonly known as ATS (Automated Trading ...
- GMNet launches a CSE based free game simulator (Category: Breaking News)
- Sri Lanka Equity Forum celebrates two years of success (Category: Business)
- London looks to Lanka! (Category: Business)
- Stock shock (Category: Business)
The rollout of broadband in Sri Lanka was pioneered by the country’s national telecommunications provider, Sri Lanka Telecom (SLT), which counts over 300,000customers in the country for its fixed broadband service. Also the company played a crucial and significant role as the infrastructure facilitator for the country’s mobile broadband boost. Over the years, SLT has ...
- SLT deploys FTTX technology to boost broadband (Category: Business)
- SLT says boosting internet usage via superior broadband (Category: Business)
- SLT opens newest teleshop at Heritage Building in Fort (Category: Business)
Unacceptable employee conduct comprises a number of behaviours and sometimes volatility levels. An employee may be having a bad day and snap at co-workers and bosses. Another employee may be going through problems at home and is late for work or absent frequently. There have been instances where some employees felt that it was acceptable ...
- How to manage your boss (Category: Business)
- Getting on with difficult bosses (Category: Business)
- Killing good performers (Category: Business)
- A heart that feels and a mind that thinks (Category: Business)
Following is the text of the letter written by good governance activist Chandra Jayaratne to Chairman of the Committee on Public Enterprises (COPE) D.E.W. Gunasekera with regard to the Securities and Exchange Commission and capital markets. 14th August 2012. Hon. D.E.W. Gunasekera M.P. Chairman, COPE, Parliamentary Complex, Sri Jayawardhanapura, Kotte. Dear Sir, The priority ...
- SEC Chief insists on independence at COPE (Category: Business)
- The President Pressured Me To Go: Tilak Karunaratne (Category: Breaking News)
- How I was made the scapegoat, Thilak K. tells it all (Category: Breaking News)
- No indepedence to function: Tilak Karunaratne (Category: Breaking News)
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Emirates receives 1,000th Boeing 777 (Category: Business)
Sri Lankaandrsquo;s Banking Watchdog andmdash; Central Bank said with the successful completion of the US$ 2.5 billion Standby Arrangement (SBA) facility extended by International Monetary Fund (IMF), the country now has sufficient funds, but would like to have an elite anchor in the alternative in order to endorse economic management in todayandrsquo;s global conditions.
Sri Lanka will begin talks for fresh loans with the multilateral donor body- International Monetary Fund (IMFF) for an 'Extended Fund Facility', countryandrsquo;s banking watchdog- Central Bank of Sri Lanka, said following the receipt of the ninth and final tranche of US$ 2.5 billion Stand By Arrangement (SBA).
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
The Central Bank of Sri Lanka is hosting the inaugural SAARC Public Debt Managersandrsquo; Forum on 19 and 20 July 2012 at the John Exter International Conference Hall, Central Bank of Sri Lanka, Colombo.
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)
Sri Lanka's NDB Investment Bank (NDBIB) Limited has clinched the titles for Sri Lankaandrsquo;s first investment bank to win an international award as well as the first local investment bank to win an award for excellence from andlsquo;Euromoney,andrsquo; one of the worldandrsquo;s leading financial markets magazines.
- NDB Investment Bank raises Rs. 38 b in 2011 (Category: Breaking News)
- Watch Tower (Category: Business)
- Dollar Stocks (Category: Business)
- Derived Rating (Category: Business)
Sri Lanka's NDB Investment Bank (NDBIB) Limited has clinched the titles for Sri Lankaandrsquo;s first investment bank to win an international award as well as the first local investment bank to win an award for excellence from andlsquo;Euromoney,andrsquo; one of the worldandrsquo;s leading financial markets magazines.
- NDB Investment Bank raises Rs. 38 b in 2011 (Category: Breaking News)
- Watch Tower (Category: Business)
- Dollar Stocks (Category: Business)
- Derived Rating (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)
A top level Sri Lanka Ports, Trade and Logistics conference and exhibition will be held from 10 to 11 July at Colombo Hilton, organised by industry specialists Seatrade. The multi-stakeholder sponsored and endorsed event will showcase commercial opportunities and development of South Asia’s new maritime hub and logistics centre – Colombo and Sri Lanka. Seatrade ...
- Top Sri Lanka Ports, Trade & Logistics conference and expo starts (Category: Business)
- Colombo conference on ‘Sri Lanka Ports Trade and Logistics’, an unqualified success (Category: Business)
- State-run SLPA wins three prestigious Seatrade awards (Category: Business)
NDB recorded yet another andlsquo;firstandrsquo; in the banking industry by becoming the first bank to secure ISO certification for its Corporate Banking division. The certification, which is not commonly granted to the services industry, affirms that the services offered by NDB Corporate Banking gratify international standards of quality for such banking services and procedures.
- S&P assessment on Sri Lanka (Category: Breaking News)
- Members nominated to the Committee on Banking and Financial Services (Category: Breaking News)
- Members nominated to the Committee on Banking and Financial Services (Category: Breaking News)
- iPads for HSBC ‘Check and Win’ (Category: Business)
Calls for Govt. to table details of investments in listed securities from January 2010 to April 2012 Says the two funds and Central Bank come under Finance Ministry and accountable to Parliament In a strong move, Opposition Leader Ranil Wickremesinghe yesterday urged the Government to table in Parliament full details of all investments in listed ...
- UNP wants EPF & ETF fund investment details revealed (Category: Breaking News)
- Ranil fires all cylinders (Category: Business)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- EPF tangles unanswered (Category: Business)
WOKE up as usual to a nursery rhyme. The Bread Man, who blares the same old tune over a megaphone every day, runs two jobs; one of waking up Sri Lanka, a job coercively collared from the rooster and the other selling bread and buns. The ice cream man comes later on in the day, ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
Positive macro news and rumoured overhauling of SEC among other State entities trigger buying spree; some analysts insist rebound is due to attractive pricingThe Colombo Bourse on Friday shot up by over 100 points before losing some momentum, with the earlier development being linked by some analysts to positive macro news and a rumoured overhauling ...
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
- Festive cheer prevails in Colombo Bourse (Category: Business)
- Return of retailers revs up Bourse (Category: Business)
- Stock market struggles on 2012 debut (Category: Business)
RIO+20 is the next focus point for the world and as President Mahinda Rajapaksa takes Sri Lanka’s concerns to this international forum, it is perhaps time for a larger discussion on its importance to a developing country as well as the world at large. Twenty years ago, it was mostly people who were displaced by ...
- 'Agreement reached' at Rio summit (Category: Technology)
- Economic development must respect environment, Sri Lankan President tells Rio+20 conference (Category: Breaking News)
- Sri Lanka and Iran for a new world order (Category: Breaking News)
- ‘Colombo+20: The Future We Want’ on 1 July (Category: Business)
The NSB/TFC deal and the General Recent events in Sri Lanka have reconfirmed that though seemingly power may be unlimited, there are in reality constraints which limit the options those in power have. As proof of this fundamental reality, the first event is the purchase by the National Savings Bank (NSB), a State-owned entity, whose ...
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
- Not-so-ugly truth of the NSB saga! (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- NSB Head gives quit notice (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
What is corporate governance? According to the World Bank Corporate governance is “the system by which companies are directed and controlled”. It involves the balance of powers among three key corporate constituencies: the board of directors, which is charged with monitoring, overseeing, and guiding the company; the shareholders, who invest their funds in the company’s ...
- A Company Director’s Role (Category: Business)
- Meeting the corporate governance challenge (Category: Business)
- Critique on Board directors’ role and liabilities (Category: Business)
- STING recognises Aitken Spence Sustainability Strategy (Category: Business)
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