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Disruption to food production, due to adverse weather conditions in USA, China, Russia and India could contribute to a spike in world food prices. Due to its direct exposure to global supply disruptions, Sri Lanka could be adversely affected, warns Sri Lankaandrsquo;s economic think tank andndash; Pathfinder andndash; in its latest andlsquo;economic flash.andrsquo;
- Lawmakers take up issue of genetically-altered foods (Category: USA, Washington)
- Tucson Originals holding food drive at its restaurants (Category: USA, Arizona)
- Lithonia Food Thief Strikes Same Homeowner 4 Times (Category: USA, Georgia)
- How long can someone survive in the cold without food? (Category: Technology)
Reuters: Asian shares inched higher on Thursday but gains were limited as investors waited for more clues over the timing and extent of any further stimulus to tackle the euro zone’s debt crisis and support global growth. Strong U.S. industry output report on Wednesday, which followed similarly solid retail sales and employment data for July ...
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- World stocks off early highs ahead of US jobs (Category: Business)
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Asian markets cheered by Fed rate outlook (Category: Business)
‘THE Greatest Show on Earth,’ otherwise known as the Olympics, closed its 2012 chapter well and truly with the Sri Lankan contingent returning on Wednesday. Their rather dismal performance has raised old questions of how bad decisions, lack of funding and politicisation is shackling Sri Lanka’s sporting chances. Sri Lankan athletes had 30 officials with ...
- Pradeep Sanjaya wins Sri Lankas first medal at Paralympics (Category: Breaking News)
- Sudesh Peiris takes first medal at Commonwealth games (Category: Breaking News)
- Adams finally gets her hands on shot put gold (Category: Business)
- Union Bank and NAMAL sponsor RCGC monthly medal (Category: Business)
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
- APB President speaks on the theme of Annual Convention 2012 (Category: Business)
- CSE holds Investor Forum in Malaysia (Category: Business)
PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...
- Bill Gates to urge G20 not turn backs on poor (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
- G20 to Europe: show us the money (Category: Business)
- World 2011 grain output record high, market tight: FAO (Category: Business)
Reuters: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency bloc contracted by 0.2% on the quarter, data showed on Tuesday. Germany eked out growth of 0.3%, marginally beating forecasts, but its forward-looking ZEW ...
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Euro zone confidence falls in Sept., inflation expectations rise (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
Reuters: Usain Bolt and Jamaica’s speedsters smashed the 4×100 metres world record, Britain’s Mo Farah brought London to its feet with another golden distance win and Mexico broke Brazilian soccer hearts in a thrilling penultimate day of Olympic action. But Saturday’s sporting highs were tempered by news that a Syrian runner was expelled from the ...
- Bolt ready to prove 2012 naysayers wrong (Category: Business)
- Imperious Bolt blazes to sprint double-double (Category: Business)
- Bolt eyes 9.7s at 100m in Ostrava (Category: Business)
- Olympic legends back Blake to upset Bolt (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna (JVP) on Wednesday stated that the time has come for the public to “stand against the irresponsible decisions and unwise acts of the Finance Minister and the Central Bank Governor that leads this country into an economic downfall.” President Mahinda Rajapakse as the Minister of Finance and Central ...
- UNP raises alarm over NSB investment in The Finance (Category: Business)
- JVP breathes fire against 2018 Commonwealth Games bid (Category: Business)
- Illegal money changers in crisis as more transactions move into mainstream (Category: Business)
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
UNP MP Karu Jayasuriya yesterday exposed various ills of the Government, its ulterior motives in going for Provincial Council elections as well the failure to restore law and order in the country. “The attempt of the Government has come to light, to win the forthcoming Provincial Council Election by whatever means and to show that ...
- PC polls results confirm large number do not approve Govt., says Karu (Category: Breaking News)
- Hashim on UNP leadership crisis, pressing national issues (Category: Business)
- Karu’s call for justice (Category: Breaking News)
- Karu urges Govt. not to abuse state resources in run up to polls in 3 PCs (Category: Business)
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)
Reuters: Indian Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates. In his first comments since becoming finance minister on July 31, Chidambaram said it was important to ...
- Indian Finance Minister urges officials not to hound taxpayers (Category: Business)
- Surprise industrial slump adds to India’s economic woes (Category: Business)
- India’s growth will be weaker than expected (Category: Business)
- May revise India growth forecast for 2011-12 to 6.5%: Moody’s (Category: Business)
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)
Reuters: Asian shares and the euro fell on Friday as investors shunned risk after the European Central Bank took no immediate action and only hinted at future steps to tackle the euro zone’s fiscal woes, following similar inaction from the U.S. Federal Reserve. Investors also have reasons to be more cautious ahead of a key ...
- Asian stocks up on Europe optimism, credit (Category: Business)
- Asian stocks post weekly gains on Central Bank fix (Category: Business)
- Stocks, commodities, euro sink on EU summit doubts (Category: Business)
- Asian shares fall on growth worries despite cuts (Category: Business)
The main opposition United National Party (UNP) says the country is moving from one crisis to another under the current government. UNP parliamentarian and Chief Opposition Whip John Amaratunga told a news conference that doing away with the 17th Amendment by introducing the 18th Amendment to the Constitution has resulted in the current crises faced ...
Reuters: North Korea’s new young leader, Kim Jong-un, is married, state media said on Wednesday, putting an end to speculation over the relationship with a woman seen at his side during recent events. The announcement, which fits a trend the Kim has followed to break out of the dour management style of his late father, ...
- A funereal show (Category: Australia, Queensland)
- 'Nature mourns' North Korea's Kim (Category: Technology)
- After Trump setbacks, Kim Jong Un starts over with Biden (Category: USA, South Dakota)
- After Trump setbacks, Kim Jong Un starts over with Biden (Category: USA, South Dakota)
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms so far had substantially reduced external imbalances, but at the cost of significant ...
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
- Turning point in the currency war (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Sri Lanka needs a new wave of reform to avert a possible balance of payment (BoP) crisis, stressed Ceylon Chamber of Commerce Chairman Susantha Ratnayake.
Reuters: Asian shares slid and the euro hovered near multi-year lows hit earlier on Monday, as Spain sparked concerns about its ability to stave off a sovereign bailout after two indebted regions sought financial assistance from the central government. Fears the euro zone’s fourth largest economy will be forced to follow Greece, Portugal and Ireland ...
- Euro zone crisis heads for September crunch (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Asian shares mark time ahead of Spanish bond test (Category: Business)
- IMF says euro needs master plan, not deadline (Category: Business)
Former White House Communications Director to lead firm Burson-Marsteller, a leading global public relations and communications firm, today announced the appointment of Donald A. Baer as Worldwide CEO. Baer has wide-ranging executive experience across the worlds of media, communications, journalism and politics, including serving as White House Communications Director and Chief Speechwriter for Pr...
- PR in Asia: A perspective (Category: Business)
- A ‘modern’ definition of public relations? Why? (Category: Business)
- Dentsu Public Relations remains highest-earning Asia-based PR firm: Holmes report (Category: Business)
- Ad firm submits bid for US $ 9mn Ceylon Tea brand promotion (Category: Business)
Reuters: Impoverished North Korea is gearing up to experiment with agricultural and economic reforms after young leader Kim Jong-un and his powerful uncle purged the country’s top general for opposing change, a source with ties to both Pyongyang and Beijing said. The source added that the cabinet had created a special bureau to take control ...
- North Korea confirms mystery woman is leader’s wife (Category: Business)
- Secure despite rocket fiasco, N. Korea’s Kim lauds military (Category: Business)
- North Korean leader Kim Jong-il dead, son hailed as heir (Category: Business)
- NORTH KOREAN LEADER KIM JONG IL HAS PASSED AWAY (Category: Breaking News)
HONG KONG (Reuters) :Asian shares rose on Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings, particularly for the beleaguered tech sector, while the euro steadied after overnight weakness. European shares were set to open slightly higher with the Eurostoxx 50 futures and Germany’s DAX futures up 0.4 percent ...
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Sri Lanka shrs down; still Asia's best amid recession fears (Category: Breaking News)
- Asian shares up as US data spurs year-end bounce (Category: Business)
- Asian shares firm ahead of Fed; yen up after BOJ (Category: Business)
All governments world over in the last 50 years have in many forms tried their hand at running commercial enterprises. Overall, it has been a terrible experience for the politicians, the taxpayers and the public. The general thinking worldwide nowadays is that governments should not run commercial enterprises, no matter whether they are profit-making or ...
- Governance - Four examples; two bad and two good (Category: Business)
- Other people’s business - Underutilisation, underperformance, acquisition (Category: Business)
- A monetary constitution to add on to the legal constitution? (Category: Business)
Global economic growth remains sluggish and for 2012 and 2013 will be below theandnbsp;Asianandnbsp;Development Outlook (ADO) 2012andnbsp;forecast; the euro area debt crisis continues as the primary threat to the global outlook.
- Full Ahead (Category: Business)
- Battle of the knowledge superpowers (Category: Technology)
- Serial Winner (Category: Business)
- 'Hide the decline' revisited (Category: Technology)
Reuters: Asian shares extended their rally on Monday as fears of an economic hard landing in China subsided, with last week’s softer growth data within expectations and Premier Wen Jiabao on Sunday raising the prospects of more policy stimulus if needed. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent after jumping ...
- Asia shares gain as US data raises hope of Fed easing (Category: Business)
- Asian shares struggle as growth worries linger (Category: Business)
- World markets regain ground but still edgy over Greece (Category: Business)
- Asia shares fall to 2012 lows as Europe worries weigh (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)
REUTERS: Little more than a dozen years after the region’s crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China and India and pouring money into markets proving resilient to the global gloom. Short-term investors in Southeast Asian stocks and bonds are being overtaken ...
- ASEAN path to economic union muddied by South China Sea (Category: Business)
- Asian shares rally, euro up on US jobs (Category: Business)
- Dollar debt set to remain sparse and steep in Asia (Category: Business)
- Economists rethink Asia’s doom-and-gloom scenarios (Category: Business)
Reuters: Asian shares and the Australian dollar jumped on Friday after China’s second-quarter gross domestic product data landed in line with forecasts. But market relief could be short-lived as Moody’s downgrade of Italy’s credit rating to near-junk status just ahead of a bond auction threatens to reinforce fears over Europe’s debt crisis. China’s economy grew ...
- Global shares, euro slide (Category: Business)
- Asian shares struggle as growth worries linger (Category: Business)
- Asian shares firm ahead of Fed; yen up after BOJ (Category: Business)
- China approves $157 b infrastructure spending (Category: Business)
Reuters: Asian shares slid on Thursday as a surprise rate cut from South Korea and an unexpected slump in Australian employment deepened worries about global economic growth. The news weighed on sentiment already hurt after minutes from a Federal Reserve meeting in June showed conditions may need to worsen before policymakers possibly buy more bonds ...
- Stock market recovers on renewed optimism (Category: Business)
- Asian shares jump on relief after China GDP, caution stays (Category: Business)
- Asian shares firm ahead of Fed; yen up after BOJ (Category: Business)
- Asian shares fall on European political uncertainty (Category: Business)
LONDON(Reuters): Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said on Tuesday. The jobless rate in the 34-country OECD area will still be stuck ...
- OECD sees euro crisis threatening world recovery (Category: Business)
- Greek economy keeps on crumbling (Category: Business)
- Developed Nation (Category: Business)
- China must quicken reforms to sustain growth: Statistics chief (Category: Business)
There were some interesting bits of news in the papers about a week back, with some stories having a certain thread running through them. The US Ambassador Patricia Butenis visited the Coca Cola plant in Biyagama. The British High Commissioner John Rankin visited Unilever Sri Lanka’s newly built factory in Horana and the new Chinese ...
- Indian private sector to invest in ports in Sri Lanka (Category: Business)
- Repeal Police and land powers in the 13th Amendment (Category: Breaking News)
- T-junction in the road (Category: Business)
- Maintaining hard-won peace (Category: Business)
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