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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 voicing hopes that the ...
- 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)
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
- The other red meat (Category: Australia, Tasmania )
- Battle of the superfoods (Category: Business)
- Mervyn Silva offers she-goat to Goddess Kali (Category: Breaking News)
- Marauding goat Billy attacks trio (Category: Australia, Victoria)
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)
Nihal Sri Ameresekere’s 12th book in a series of books, Socio-Political Realities – (Hilton Hotel Fiasco and Ad Hominem Legislation) – Expropriation Law (published by AuthorHouse), documenting facts pertaining to real case studies, and dealing with subjects of corruption, fraud, economic crime, governance, and the rule of law, is in 2 parts; the first part, ...
- Repeating mistakes in Kahawatte (Category: Business)
- Nihal’s new book exposes “Settlement of colossal fraud on Sri Lanka Government” (Category: Business)
- Nihal Sri takes on ‘Expropriation Bill’ (Category: Business)
- Pakistan PM convicted of contempt, receives no jail time (Category: Business)
By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne on Tuesday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to ...
- Tilak insists no overregulation (Category: Business)
- New SEC Chief says won’t turn blind eye to robbers invading bourse (Category: Business)
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
- SEC Chief tells world via Reuters he is under “immense pressure to resign” (Category: Business)
The Lanka Micro Finance Practitioners Association (LMFPA), as the apex body of MFIs, in its bid to address and create awareness about development and current status of the industry including best practices commenced a series of Enabling Dialogues, where CEOs, general managers, directors of companies engaged in micro-financing (including licensed commercial banks and non-ban...
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
- Rs. 120 m Trade Finance and Investment IPO oversubscribed (Category: Business)
- Veteran banker P.V. Pathirana joins CIFL (Category: Business)
According to figures collected by PATA, international visitor arrivals into Asia Pacific destinations during May 2012 show a collective gain of 3% year-on-year. This is the second consecutive month with a declining growth rate. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up ...
- Asia Pacific enjoys impressive tourist arrivals growth (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
The much-longed-for monsoon rains are lashing at the capital Colombo and other parts of the south west as Sri Lanka gears up for yet another provincial election and international challenges pertaining to its post-war accountability and reconciliation plans in the days and weeks ahead. The much-longed-for monsoon rains are lashing at the capital Colombo and ...
- Sri Lanka's main opposition accuses government of using sacred relics for election propaganda (Category: Breaking News)
- Kapilavastu Relics exposition in SL after 33 years (Category: Breaking News)
- India rejects request for Kapilavastu exposition at Temple Trees (Category: Breaking News)
- Towards impunity and democratic erosion (Category: Business)
Sincere apologies, Hamlet! This distortion is to highlight the current impasse and to stress the need for thinking beyond short-term situational measures. The impasse is in getting the public university system going and in dealing with demands without forgetting that there is a nation in waiting and the vision for it involves that it should ...
- This Fourth of July! (Category: Business)
- Education reforms for ‘disciplined development’ in Sri Lanka (Category: Business)
- Universities in crisis: Key learnings (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
Reuters: Asia’s services sector expanded in August despite a global economic downturn, business surveys showed on Wednesday, but optimism remained muted as regional economies toil to overcome the deepening impact of the festering euro zone crisis. The HSBC services sector Purchasing Managers’ Index (PMI) has remained above the 50-mark, which separates growth from contraction, in ...
- Global private sector growth hits new low (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Global economy growing at fastest pace in a year: PMI (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
Reuters: China’s top state newspaper warned the visiting US Secretary of State Hillary Clinton on Wednesday not to seek advantage from tensions in the South China Sea, ahead of talks likely to focus territorial disputes and other sources of discord. Beijing and Washington have both stressed hopes for steady ties, especially as they confront domestic ...
- Resource Conflict (Category: Business)
- Philippines’ Marcos says he remains firm in defending sovereignty (Category: Breaking News)
- Obama’s Asia “pivot” advances, but obstacles await (Category: Business)
- China top military paper warns of armed confrontation over seas (Category: Business)
By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne yesterday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to project ...
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
- Market must earn confidence to be more attractive for investors: SEC (Category: Business)
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- IMF joins chorus against SEC Chief’s exit (Category: Business)
Reuters: Asian shares eased on Tuesday on concerns over weakening regional and global economic activity, but expectations of more stimulus from central banks and hopes for progress in tackling Europe’s debt crisis lent support. European equities were seen flat to lower, with financial spreadbetters calling London’s FTSE 100, Paris’s CAC-40 and Frankfurt’s DAX to open ...
- Asian shares rise on ECB hopes despite uncertainty (Category: Business)
- Asian shares pause, guarded stimulus hopes from ECB, Fed (Category: Business)
- Asian shares extend gains on stimulus hopes, euro capped (Category: Business)
- World stocks off early highs ahead of US jobs (Category: Business)
Reuters: Moody’s Investors Service has changed its outlook on the Aaa rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU’s four biggest budget backers: Germany, France, UK and Netherlands. The move will add to pressure on the European Central Bank to ...
- Moody’s warns France on possible negative outlook (Category: Business)
- Fitch Ratings has withdrawn Hayleys PLC’s ‘A+(lka)’ National Long-Term rating (Category: Breaking News)
- Euro area crisis risks EU sovereign ratings – Moody’s (Category: Business)
- 2 ratings agencies lower Wash. credit outlook (Category: USA, Washington)
Government agencies are among the most complex organisations in nearly every country in the world. They often are large, have multiple objectives, and face increasing demands to deliver more services at a lower cost. As a result of this complexity, a government is faced with many organisational issues, including: redesigning their organisations and their interaction ...
- Private Sector Health Service Act to be Reviewed (Category: Breaking News)
- Union slams redundancy plans (Category: Western Australia)
- Due place given to the public and private sectors (Category: Breaking News)
- Ontario taxpayers finance Highway 401 service centre makeovers (Category: Canada, Ontario)
All Sri Lankan universities except for the medical faculties have been closed down, but for most citizens, who have observed crisis after crisis in the education sector, this latest development is nothing new. The big difference is currently it is the university teachers who are on strike, not the students. The teachers’ main demands are: ...
- Chaos in universities: A solution? (Category: Business)
- Cleaning university mess: Role of the academics and the State (Category: Business)
- Reform of university education (Category: Business)
- English as medium of instruction at Law College (Category: Breaking News)
SRI LANKA’S rubber industry is wary over the possibility of increased prices as the world’s top producers gather to stabilise global prices this week, raising age old questions over productivity, replanting, value addition, technology infusion and a host of other issues. The Three-Nation Rubber Products International Conference in Bandung, Indonesia, this week will see ...
- Global rubber output seen up 2.6% in 2012: ANRPC (Category: Business)
- 2012 global rubber output forecast cut after Q1 fall (Category: Business)
- Ministry takes steps to increase production of rubber (Category: Business)
- CRTA wary on prices as major rubber producers curb exports (Category: Business)
In an exclusive interaction with the Gamechanger Team on the sidelines of the SLPL match between Basnahira Cricket Dundee and Uva Next, the Secretary of Sri Lanka Cricket Nishantha Ranatunga opened up with his thoughts on the Mahindra Sri Lanka Premier League, its future in the Sri Lankan cricket system and what it would do ...
- SLPL boost for tourism next month (Category: Business)
- Sri Lanka Premier League forges ahead (Category: Business)
- Brian Lara, MCC Chief lift SLPL to the world (Category: Business)
- $3 m floor price set for T20 league franchises (Category: Business)
Transparency International Sri Lanka (TISL) yesterday called upon the government to take necessary actions to resolve the present situation at the Securities and Exchange Commission (SEC) in a manner that will not negatively impact on market confidence.
The Hayleys Group was ranked amongst the top three most respected business entities in Sri Lanka and placed first for Nation-Mindedness in Lanka Monthly Digest’s ‘Most Respected Entities In Sri Lanka’ survey, the Group’s best standing since 2008. The blue-chip diversified conglomerate displayed a marked improvement from last year in almost every category measured in ...
- Hayleys’ fibre sector companies bag triple at NCE Export Awards (Category: Business)
- Hayleys quadruples 9-month net profit to Rs. 3.6 b (Category: Business)
- Unilever Sri Lanka ranked 4th most respected entity (Category: Business)
- Hayleys has a hearty FY12 (Category: Business)
NAIROBI (Reuters): Kenya’s horticulture export earnings are expected to grow by 10%this year thanks to above-normal rainfall, but the eurozone’s financial woes were expected to dampen demand for flowers, a senior industry official said on Monday. Horticulture is one of the east African country’s leading sources of foreign exchange alongside tea exports and tourism. The ...
- Japan corporate mood up despite yen worry (Category: Business)
- HE the President visits "Diyatha Uyana" at Battaramulla (Category: Breaking News)
- HE the President visits "Diyatha Uyana" at Battaramulla (Category: Breaking News)
- Nestlé to buy Pfizer baby food unit for $ 12 b (Category: Business)
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
- Village as a developmental unit (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- China’s tight job market defies economic downturn (Category: Business)
Reuters: China’s vast manufacturing sector has been badly hit by slowing new orders, two complementary surveys showed, a sign that the pace of growth in the world’s second-largest economy will weaken well into the third quarter. The final reading of the HSBC China manufacturing purchasing managers’ index (PMI) for August fell to a seasonally adjusted ...
- China factory sector shrinks most in nine months (Category: Business)
- China factory sector shrinks most in 32 months (Category: Business)
- China PMI in surprise fall, lowest since 2009 (Category: Business)
- Asia’s services sector shows resilience in August (Category: Business)
Although the hegemonic influence of India exerted through its long-standing political, economic and social relationship with Sri Lanka cannot be discounted, a level playing field can be achieved between the two parties at least in terms of trade disputes, in the event Sri Lanka-India Comprehensive Economic Partnership Agreement (CEPA) materializes, opines Asia Wealth Management Research.
- Paradox Land (Category: Business)
- India invited Basil to visit New Delhi (Category: Breaking News)
- Now, more CEPA-bashers want to boost ties with India (Category: Breaking News)
- Stalling CEPA with India: `utterly foolish`- IMF Resident Rep (Category: Breaking News)
By Cheranka Mendis Attempts by the three major rubber producing countries – Thailand, Indonesia and Malaysia – to stabilise the market price of rubber by restricting exports and raising prices will propel local the rubber industry to follow suit with similar rises. Colombo Rubber Traders Association Chairman M.S. Rahim told the Daily FT that if ...
- No bounce at 2012’s first Colombo rubber auction (Category: Business)
- No takers for rubber! (Category: Business)
- FACTBOX:How Asia’s rubber producers intervene on prices (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
Nihal Sri Ameresekere’s 11th book in a series of books, ‘Overseas corporate structures, which hide ‘real owners’ (published by AuthorHouse), documenting revelations in real case studies and dealing with subjects of corruption, fraud, economic crime, governance, and the rule of law, discloses in incisive detail strategies and facts, as to how real owners of assets ...
- Nihal makes presentation on UN Convention Against Corruption (Category: Business)
- Liberalise NRFC accounts (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
By Cassandra Mascarenhas Crisis management has become a hot topic in today’s corporate world for as economies grow, the challenges faced by businesses increase exponentially which has led to organisations having to negate the effects of crises faced at every corner. Understanding the need for proper crisis management in the Sri Lankan corporate environment, CIMA ...
- Blues just lacking confidence: Simpson (Category: Australia, Victoria)
- Kindness in Crisis (Category: USA, Maryland)
- Kindness in Crisis (Category: USA, Maryland)
- Kindness in Crisis (Category: USA, Maryland)
IT is election week again. As the instances of abuse of State property and violence increase, many view the next few days with more than a little trepidation. The Elections Department for the first time will have its own monitors at next Saturday’s provincial elections and will enforce more security measures to ensure the polls ...
- Election Commissioner to compile report (Category: Breaking News)
- Secretariat to Conduct past Election Reviews (Category: Breaking News)
- No click click of voters (Category: Breaking News)
- Secretaries of political parties to meet Elections Commissioner to discuss LG polls (Category: Business)
By Marianne David and Cheranka Mendis The safari savagery that erupted last week with mobile tented safari operators being attacked seems to have reached a ceasefire of sorts, following two meetings between stakeholders on Wednesday. Employees attached to Mahoora Safari Camps, Kulu Safaris and Leopard Safaris were assaulted by mobs affiliated to the Tissamaharama Jeep ...
- Safari savagery yet to be settled; stakeholder meeting in the offing (Category: Business)
- One size fits all (Category: Business)
- Safari savagery (Category: Business)
- Trailblazing Eco Team Marks 11th year of adventure tourism in Sri Lanka (Category: Business)
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