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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)
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 ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
A historic battle took place in the Kande Uda Rata Rajadhaniya, in the course of one of the many invasions by the Western colonial powers who once occupied what was known as the Maritime Provinces of Lanka, at the site of the ford at Wagolla village, a crossing point of the Mahaweli river on one ...
- The Kandy vs. Navy rivalry to reach tipping point today (Category: Business)
- Vintage cars beauties to behold (Category: Business)
- Clifford cup stays in Kandy (Category: Business)
Reuters: Romney or Obama? Republican or Democrat? The U.S. presidential election may inflame voter passions, but based on past experience, whoever wins the world’s most powerful elected office isn’t likely to move the dollar. The U.S. dollar’s performance over the past 40 years shows little relation to the party holding the presidency and more to ...
- Asian shares fall on fears over Europe fund tightness (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Gold firms on China inflation spike, US jobs data (Category: Business)
- US economic fix could take years: Obama (Category: Business)
Worldwide expert in the field of high-tech Lubricants, Motul, along with Dynamic Motors Limited, launched the latest evolution of its 300V Ester Core range of Products on Saturday 9 June, in Colombo, amidst a large and distinguished gathering from the corporate sector, motor racing arena and foreign delegates. Dynamic Motors Limited has been appointed as ...
- ‘Motul’ power for Ashan’s racing (Category: Business)
- ‘Motul’ powered champion Abeeth speaks (Category: Business)
- GM makes first profit in 3 years (Category: Canada, Ontario)
- The Nikola Badger hydrogen-electric pickup, revealed this year, is already dead - Roadshow (Category: Technology)
A laudable goal that needs much more workSocial justice to be the Government’s development philosophy The development philosophy of the present Government, as pronounced in the Annual Report of the Ministry of Finance and Planning for 2011 released two weeks ago, is a blend of social justice with economic progress (p 14). This is a ...
- Navigating India’s Future: A Deep Dive into Modi’s Governance (Category: Breaking News)
- Sri Aurobindo: Mystical Awareness Supplants Production (Category: Breaking News)
- Making Sense Of The UNPs Elusive Victory In The Colombo MC (Category: Breaking News)
- 1972: A Historic Opportunity Missed (Category: Breaking News)
Government’s commitment: Will improve state enterprises The Annual Report of the Ministry of Finance and Planning for 2011, just released, has, among many others, one important positive message for the nation. It has reiterated the Government’s commitment, as it had done earlier too, to improving the performance of what it calls State Owned Business Enterprises ...
- Taming the ‘monsters’ (Category: Business)
- Electrifying losses (Category: Business)
- C-Suits focus on implementing Enterprise Risk Management on enterprise-wide (Category: Business)
- Sajith slams Expropriation Bill (Category: Business)
The Securities Exchange Commission has introduced some new rules to curb a repeat of the type of wrongful practice that seems to have prevailed in the NSB purchase of shares in the Finance Company. It must be stated at the outset that rules for public institutions should be rigorous because they are owned by the ...
- Enforcement and not new rules is what is required to clean stock market (Category: Business)
- High net worth traders who are insiders create market volatility (Category: Breaking News)
- Backlash at Bourse: Rs. 40 b in value lost after SEC new rules (Category: Business)
- Insider trading: Is it rampant, cause for market’s ill or mere paranoia? (Category: Business)
DETROIT (Reuters): Major automakers will launch new models through 2016 in the United States at a faster pace than in the last two decades, according to a Bank of America Merrill Lynch report. New models draw more traffic to showrooms, which can boost a company’s market share, profit and stock price. Automakers are expanding their ...
- Honda needs new Accord to be a hit in US (Category: Business)
- Toyota plans eight compacts for emerging markets (Category: Business)
- Most Americans not open to buying cars from India, China: Study (Category: Business)
- Toyota looks to regain momentum with new Camry (Category: Business)
LONDON (Reuters): The dollar fell to a two-month low against a basket of currencies on Monday, weighed down after modest first quarter growth in the US economy kept alive chances of further monetary easing by the Federal Reserve. The dollar is likely to come under more pressure if data, including US jobs numbers, this week ...
- Ben's Paper (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Yen firms against dollar and euro in Asian trade (Category: Business)
- Dollar bounces back on US manufacturing surprise (Category: Business)
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...
- US employment gains slow, jobless rate drops (Category: Business)
- China gets red alert to avoid Japanification as consumer price drops drag inflation to lowest le... (Category: Breaking News)
- Inflation drops further in November, says CB (Category: Business)
- Sri Lanka’s demand for legal booze drops by 30 percent (Category: Breaking News)
Importers secure increase in age limit for cars and commercial vehicles; higher duty to stay President Mahinda Rajapaksa yesterday stepped up the accelerator for re-conditioned vehicles agreeing to revise the recently imposed age limit rules at a meeting with importers. Responding to pleas by motorists as well as Vehicle Importers Association, the President has agreed ...
- Reconditioned vehicle import rule reversed (Category: Breaking News)
- Restrictions on reconditioned vehicle imports relaxed (Category: Breaking News)
- Vehicle Importers Lament Tax Increase (Category: Breaking News)
The 26th CA Students’ National Conference organised by the Practicing Accountants Chartered Students’ Society (PACSS), the student body of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), will be held on 4 April at the Hotel Galadari – Grand Ballroom. This year’s conference will focus on the theme ‘Dream… Focus… Excel…’ which...
- 26th National CA Students’ Conference concludes on a high note (Category: Business)
- CA Sri Lanka’s Vindya Cooray brings honour to Sri Lanka (Category: Business)
- CA Sri Lanka launches scholarship scheme for 2012 (Category: Business)
- CA Sri Lanka’s annual convocation today (Category: Business)
Orient Garments Plc (OGL) has seen a change at the top with Harsha de Silva as the new Chairman and controlling interest owner S.H.M Rishan as the Executive Deputy Chairman. The changes following PC House along its Chairman Rishan acquiring 51% stake late last year and former controlling shareholders Finco representatives stepping down. Rishan and ...
- Harry’s Melstacorp adds plantations, leisure to investment portfolio (Category: Business)
- PC Pharma to trade on CSE from 19 January (Category: Business)
- Rishan goes for ‘in-house’ prescription! (Category: Business)
- Lanka Hospitals to invest Rs. 831 m to expand lab biz (Category: Business)
Reuters: Hollywood showed some love for its history at the Oscars on Sunday, giving its best film award and four others to silent movie “The Artist” in a ceremony that recalled why cinema is special to so many people. The Academy of Motion Picture Arts and Sciences also gave Oscars to Meryl Streep playing former ...
- The Artist triumphs at the Oscars (Category: Breaking News)
- Gets Oscars presenting gig (Category: Business)
- ‘The Artist’ Wins Producers Guild’s Best Picture Award (Category: Business)
- ‘Barfi’ is India’s Oscar entry (Category: Business)
With debate on the future direction of audit and accounting gaining new momentum, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in association with Baker Tilly Merali’s Chartered Accountants Sri Lanka will explore an influential topic in the financial world titled ‘The Future of Audit and Accounting’ at a symposium on 30 ...
- Making boardrooms IFRS friendly (Category: Business)
- Future of financial reporting (Category: Business)
- Dialog publishes Sri Lanka’s first IFRS compliant reviewed quarter financial report (Category: Business)
- John O’Grady traces benefits and challenges of IFRS compliance (Category: Business)
Nihal Sri Ameresekere releases his new book Colombo Hilton Hotel Construction – Fraud on Sri Lanka Government – Criminality Exposed, but Perversely Covered-up (published by AuthorHouse), the voluminous eighth book in a series by Nihal Sri Ameresekere on corruption, fraud, economic crime, governance, rule of law, dealing with real case studies. In this new release, ...
- New book exclaims: Dubious Deals – What a Paradox! (Category: Business)
- IMF, World Bank & ADB Agenda on Privatisation Breeds Corruption Propounds Author Nihal Sri A... (Category: Breaking News)
- Nihal’s new book exposes “Settlement of colossal fraud on Sri Lanka Government” (Category: Business)
- New Book on “Overseas Corporate Structures, which Hide Real Owners” (Category: Breaking News)
Reuters: Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief Asia ...
- Asia’s economy heading for “yo-yo” year in 2012 (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- Video: Cellist Yo-Yo Ma leads students in arts workshop (Category: USA, California)
- Man accused of molesting boy in Sacramento 'strongly believed' to have abused other yo... (Category: USA, California)
SINGAPORE (Reuters): Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief ...
- Asia’s economy heading for ‘yo-yo’ year in 2012 (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- Video: Cellist Yo-Yo Ma leads students in arts workshop (Category: USA, California)
- Man accused of molesting boy in Sacramento 'strongly believed' to have abused other yo... (Category: USA, California)
What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...
- Inept’ocracy (Category: Business)
- Mario Monti named to head new Italy government (Category: Business)
- Asia stocks rise on hopes of progress in Europe (Category: Business)
WASHINGTON (Reuters): The Obama administration has proposed doubling auto fuel efficiency to 54.5 miles per gallon by 2025, a White House energy priority that has come under scrutiny in Congress. The plan grew out of an uneasy agreement between the administration, automakers and environmental groups to reduce U.S. dependence on oil imports and cut tailpipe ...
- Revenge of the internal combustion engine (Category: Business)
- LAUGFS unveils NFC enabled fuel card powered by Dialog (Category: Business)
- Saving money through energy efficiency (Category: Technology)
- APEC leaders commit to green trade liberalisation (Category: Business)
Reuters: Toyota Motor Corp is in talks with BMW AG for a partnership in environmental vehicles, business daily Nikkei reported. Under the proposed agreement, the German automaker will provide diesel engines, most likely 2-liter versions for midsize cars, for Toyota's passenger vehicles sold in Europe, where its sales fell 9 percent in 2010, the newspaper ...
- Car Calls (Category: Business)
- Reverse Gear (Category: Business)
- Toyota hit with a $180 million fine for Clean Air Act violations - Roadshow (Category: Technology)
- Toyota hit with a $180 million fine for Clean Air Act violations - Roadshow (Category: Technology)
WASHINGTON (Reuters): President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry. As Germany and France scramble to tighten budget controls across the euro zone, European Council President Herman Van Rompuy and European Commission President ...
- IMF seeks more funds; G20 to discuss (Category: Business)
- Europe vows closer union at G20 summit (Category: Business)
- US economy gaining strength (Category: Business)
- Collapse of the EU: Debt and more debt (Category: Business)
The first ever Islamic Finance Country Report in Sri Lanka was launched by KPMG Ford, Rhodes, Thornton and Co. in collaboration with the Research Intelligence Unit. The publication titled ‘Islamic Finance Country Report – Window of opportunity in Sri Lanka’ provides insight into the demographics of the Islamic finance market and an in-depth analysis of ...
- Amana Bank globally honoured as ‘Best Islamic Bank in Sri Lanka’ (Category: Business)
- Amana Bank Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Complementary Laws Needed To Grow Islamic Finance (Category: Breaking News)
Reuters: Switzerland, despite bank settlements with the United States to disclose tax evaders, remains the top refuge for financial secrecy, according to a new international ranking of tax haven countries. Switzerland is the world leader in financial opacity, only grudgingly conforming with disclosure agreements among developed countries while courting tax evaders in developing nations, said ...
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
- UBS CEO calls attacks on Swiss tax “economic war” (Category: Business)
- US brands Vietnam, Switzerland as currency manipulators (Category: USA, South Dakota)
- US brands Vietnam, Switzerland as currency manipulators (Category: USA, South Dakota)
The Speed Racing Series jointly organised by the Ceylon Motor Sports Club, the Sri Lanka Motor Cycle Club, the Motor Racing Association and the Asian Motor Racing club will be held on 16 October 2011 at the Pannala Race track. It will be the final round of the Championship out of four rounds in total. ...
- Shamal steals the limelight at Mirigama (Category: Sports)
- Bike Ride (Category: Business)
- Ashan Silva steals the limelight at Pannala (Category: Sports)
- Mirigama Races on October 10 (Category: Sports)
President Mahinda Rajapaksa will inaugurate tomorrow the three-day Rotary South Asia Conference for Development and Cooperation hosted by Sri Lanka. The President will address the ceremonial inauguration on Sunday at 9 a.m. at Galadari Hotel whilst the conference will be held at Cinnamon Grand. Around 300 delegates and speakers of repute from the corporate and ...
- The Hindu Editor Ram in town for next week’s top Rotary conference (Category: Business)
- Rotary group study exchange programme to Osaka (Category: Business)
Exponential 575% rise in comparison to FY2010’s figure of Rs. 155 m; Posts Rs. 829 m net profit attributable to equity holders; Turnover more than doubles to Rs. 10.6 b FY2012 1Q revenue up 162% to Rs. 4.4 b; after tax profit up 257% to Rs. 368 m Assets worth Rs. 34.3 b, up from ...
- 2Q results add further value to Softlogic story: Ashok (Category: Business)
- Softlogic’s 9 month revenue, post-tax profit up, bottom line down (Category: Business)
- Distilleries toasts FY12 start with 1Q net profit up 50% to Rs. 1.2 b (Category: Business)
- RPC posts strong results for 9 months (Category: Business)
Reuters: Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth. As fears mount that the developed world is shifting from slow growth to no growth, emerging markets seem to many economists better placed to weather the storm than they were ...
- Islamic markets seen leading global trade volumes (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
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