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Lack of participation in decision makingTop-down decision-making, centralisation of power and authority, lack of consultation with stakeholders, lack of accountability and the arrogance of political power are all factors which featured heavily in the socioeconomic environment of 2011 in Sri Lanka, mainly due to the lack of public consultation in the decision-making process. As Nobel ...
- Why did the good-intentioned public intervention go wrong? (Category: Business)
- The Crate Debate (Category: Breaking News)
- Toothless Tiger (Category: Breaking News)
- Gunny Gags Out From Sept. 1 (Category: Breaking News)
CAMBRIDGE, Mass. (Reuters): Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism while 40 per cent did not. The disillusionment was particularly marked among young people 18-29, African Americans and Hispanics, those with ...
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- HAPPY BIRTHDAY MR. PRESIDENT (Category: Breaking News)
- Entrepreneur and the profit motive (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
The 10th edition of Dharman’s Media Guide of Sri Lanka was issued last week. A publication of the Sri Lanka Environmental Journalists Forum it is one of the most popular and leading media guides in Sri Lanka edited by senior journalist Dharman Wickremaratne. First published in 2000, it is the country’s only media guide updated ...
- Media Guide presented to the President (Category: Business)
- An Energy Transition Law, Multi-Agency Committee to guide decision-making on Energy Projects (Category: Breaking News)
- New look for girl guides (Category: Breaking News)
- 1st Travel Guide on SL in Arabic launched (Category: Breaking News)
Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors. The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the ...
- Dhammika to be appointed Chairman of Sampath Bank (Category: Business)
- CB clears five new nominees to Sampath Bank Board (Category: Business)
- Qualified daughters make their way to boards (Category: Business)
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
By Manoj Ridimahaliyadda espncricinfo.com: Sidath Wettimuny, the former Sri Lanka batsman, has suggested a radical restructuring of the country’s domestic cricket structure, which involves promoting provinces over clubs. The financial uncertainty surrounding Sri Lankan cricket and the upcoming board elections could, however, overshadow Wettimuny’s proposal. As a member of Sri Lanka Cri...
- Wettimuny proposes revamp of Sri Lankan cricket (Category: Breaking News)
- Lorgat for independent review of SLC governance (Category: Business)
- Durban win can’t erase Sri Lanka’s scars (Category: Business)
- SLC suspends all board-run domestic tournaments (Category: Breaking News)
Reuters: Tens of thousands of flag-waving and chanting protesters called on Saturday for a disputed parliamentary election to be rerun and an end to Vladimir Putin’s rule, increasing pressure on the Russian leader as he tries to win back the presidency. The protesters shouted “Russia without Putin” and “New elections, New elections” as one speaker ...
- Protesters chant for a “Russia without Putin” (Category: Business)
- Thousands of Russians challenge Putin’s election win (Category: Business)
- Russia Davos party has unusual opposition flavour (Category: Business)
- Tearful Putin wins back Russian presidency (Category: Business)
Reuters: North Korean leader Kim Jong-il died of a heart attack while on a train trip, state media reported on Monday, sparking immediate concern over who is in control of the reclusive state and its nuclear programme. A tearful television announcer dressed in black said the 69-year-old had died on Saturday of physical and mental ...
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
Reuters: Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world’s top companies, on Monday unveiled a $300 million stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry. Alwaleed, a nephew of the Saudi king with a personal net worth estimated by Forbes magazine in March ...
- Saudi SABIC to build factories in China, India (Category: Business)
- New York’s Plaza Hotel sold to Sahara for $570 mln (Category: Business)
- MSCI and Saudi bourse to bring back indexes (Category: Business)
- Twitter tracks Toronto trending topics (Category: Canada, Ontario)
LONDON (Reuters): Qatar’s Prime Minister Sheikh Hamad bin Jassim al-Thani was quoted on Thursday as saying Islamists were likely to represent the next wave of political power in the Arab world and that the West should embrace them. Thani said in an interview with the Financial Times that moderate Islamists could assist in fighting what ...
- David Shapiro: Finding laughs between groans as election goes overtime (Category: USA, Hawaii)
- Vaccines offer the key to speed of Hawaii’s economic recovery (Category: USA, Hawaii)
- Vaccines offer the key to speed of Hawaii’s economic recovery (Category: USA, Hawaii)
- Vaccines offer the key to speed of Hawaii’s economic recovery (Category: USA, Hawaii)
After the recent Commonwealth Games in New Delhi, India, critics found three new words for the acronym ‘CWG’ – Corruption, Waste and lack of Governance. The Chairman of the Indian National Olympic Committee, who was Chairman of the Organising Committee, is presently in Tihar Jail, in Delhi with many of his acolytes, on charges regarding ...
- CWG bid money not wasted: Cabraal (Category: Business)
- Gold Coast wins CWG 2018 bid (Category: Breaking News)
- Sri Lanka hosting CWG would inspire 45 other nations – President (Category: Business)
- A month to go for vote, Govt. says momentum building on Hambantota’s 2018 CWG bid (Category: Business)
This is the week of Budget bashing for some and for others it is the week for inventing cute ways to meet the bashes. As is usual for most, it is looking at this all in the ‘what’s in it for me?’ mode. For some, it is also about ‘who said what’ and not ‘what’s ...
- Outside conspiracies will not be allowed – Mahinda (Category: Business)
- Karu condemns assault on Opposition MPs (Category: Business)
- A Budget for all! (Category: Business)
The Free Dictionary defines impunity as ‘exemption from punishment or loss or escape from fines’. In the context of the international law of human rights, it refers to the failure to bring perpetrators of human rights violations to justice and, as such, itself constitutes a denial of the victims’ right to justice and to bring ...
- The Need to Address Persistent Impunity for Violations and Abuses of International Human Rights ... (Category: Breaking News)
- Power: Opium of the political class (Category: Business)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
NEW DELHI: The annual India International Trade Fair (IITF) opened yesterday, with products from all over the world on exhibition and sale to 1.4 million visitors expected to throng Pragati Maidan. The IITF, inaugurated by Finance Minister Pranab Mukherjee, will be thrown open to the general public from November 19 till its conclusion on November ...
- Iowa State Fair moving ahead with precautions for 2021 (Category: USA, Iowa)
- Iowa State Fair moving ahead with precautions for 2021 (Category: USA, Iowa)
- Global Village draws two million visitors in two months (Category: Business)
- Biggest lifestyle fair opens today at BMICH (Category: Business)
Reuters: Italy’s president appointed former European Commissioner Mario Monti on Sunday to head a new government charged with implementing urgent reforms to end a crisis that has endangered the whole euro zone. After a frenetic weekend during which parliament passed the reforms and Prime Minister Silvio Berlusconi stepped down to the jeers of hostile crowds, ...
- Italy’s Monti defends reform as opposition grows (Category: Business)
- Italy’s Monti sees end of crisis getting closer (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
- Out: politicos; in: technocrats (Category: Business)
By Devin Jayasundera Siedles (Pvt) Ltd. in its attempt to expand the Sony customer base in Sri Lanka and to provide a world class service to its cutomers launched a state-of-the-art Sony showroom at 150/3, Ward Place, Colombo 7 last week. The flagship Sony showroom equipped with the latest modern designs and sleek interior is ...
- Sony sees $ 2.9 b loss, reveals daunting task for new CEO (Category: Business)
- Sony launches 360 degree sweep panorama series (Category: Business)
- Sony international signs up Alston (Category: Breaking News)
- Sony launches new BRAVIA line: High Def, 3D and Internet TV (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna claims spending Rs. 265 billion on an 11-day extravaganza is intolerable for an economically ailing country like Sri Lanka. Addressing a media briefing the JVP warned that the aftermath of hosting the 2018 Commonwealth Games would not be rosy as the Rajapaksa administration predicts According to JVP Propaganda ...
- Govt. takes vengeance on private sector over pension bill – JVP (Category: Business)
- JVP accuses Govt. of crippling University system (Category: Business)
- AKD’s India visit: ‘JVP will not compromise Lanka’s security and economic interets’ (Category: Breaking News)
- JVP urges public to hold Govt. accountable for “gambling with public money” (Category: Business)
PARIS (Reuters): France announced 65 billion euros of tax hikes and budget cuts over five years, as President Nicolas Sarkozy seeks to protect the country’s creditworthiness in financial markets without killing his chances of re-election in six months time. The main goal was to protect a top-notch credit rating that allows France to fund itself ...
- Sarkozy details measures for growth, jobs (Category: Business)
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Voting begins in France, economy may doom Sarkozy (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
TOKYO (Reuters): Sony Corp surprised investors on Wednesday by warning it is heading for its fourth straight annual net loss and that its TV business alone would produce a loss of $2.2 billion due to tumbling demand and a surging yen. The maker of Bravia TVs, Vaio computers and PlayStation game consoles cut its sales ...
- Sony sees record $6.4 b loss on tax hit (Category: Business)
- Sony sees $ 2.9 b loss, reveals daunting task for new CEO (Category: Business)
- Sony to axe 10,000 jobs in turnaround bid (Category: Business)
- Sony to recall 1.6 m LCD TVs globally (Category: Business)
I still remember the thoughts that crossed my mind on the day that Harvard University announced the top 50 candidates for the 2011 Global Leaders in Development forum. The excitement was high, but then again the commitment to me personally in Sri Lanka made it a catch 22 decision. The decision was tougher, given that ...
- A brilliant marketer? (Category: Business)
- The changing face of brand Sri Lanka (Category: Business)
- Tilan becomes youngest SLIM President (Category: Business)
- Developing cutting-edge brand strategies (Category: Business)
Reuters: Lionel Messi rattled in a 17-minute hat-trick as Barcelona swept aside Real Mallorca 5-0 on Saturday while Real Madrid went top of La Liga with a 1-0 win at Real Sociedad. World Player of the Year Messi has not been at his best in recent games, failing to score in three outings, but quashed ...
- Messi fires Barca to dramatic Super Cup win (Category: Business)
- Messi upstages Ronaldo with Spartak double (Category: Business)
- Messi’s Barca double, yet another treble for Higuain (Category: Business)
- Barcelona rout Rayo to keep Real Madrid waiting (Category: Business)
Reuters: Greeks greeted the latest European Union deal to rescue their debt-choked country with deep scepticism on Thursday, fearing further painful belt-tightening and years more of recession. EU leaders struck a deal with banks and insurers early on Thursday for them to accept a 50 percent loss on their Greek government bonds under a plan ...
- Greece, creditors strive to avoid costly default (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- Greek troika sees second bailout up to 145 b euros (Category: Business)
- Euro zone seals second Greek bailout worth 130 b euros (Category: Business)
The courage the Government has demonstrated in cancelling the CATIC deal and yet feeling secure, rather than embarrassed by it, must be recognised. It is a responsible step, a prudent decision, which will have enduring benefit both in terms of national policy and FDI strategy. This step will also earn the respect of the indigenous ...
- Sovereign Wealth Funds (Category: Business)
- Sector report (Category: Business)
- Unilever’s Pears to make millionaire children (Category: Business)
- Revamped Siddhalepa Ayuverda Health Resort opens (Category: Business)
U.S. presidential election all about the economy First bin Laden, now Iraq Obama shows he can answer the “3 a.m. call” WASHINGTON (Reuters): President Barack Obama delivered on another foreign policy promise on Friday with plans to pull the last U.S. troops from Iraq. But in a re-election campaign all about the weak U.S. economy, ...
- Obama’s 2013 budget a campaign call to arms (Category: Business)
- US will ‘do what we must’ on Iran, UN’s Ban opposes threats (Category: Business)
- Obama says it’s clear US economy ‘not doing fine’ (Category: Business)
- Obama takes campaign to Latin America, slams Romney (Category: Business)
SINGAPORE (Reuters): In a small lab, tucked away in the depths of a Singapore university campus, a team of researchers and their computers calculate the credit ratings of about 50,000 companies. Relying just on public data and stock price movements for their analysis, the project’s founder, professor Jin-Chuan Duan, is confident their system can provide ...
- People’s Leasing obtains international ratings (Category: Business)
- Fitch warns of downgrades for China, Japan (Category: Business)
- CA Sri Lanka Annual Report Awards powered by RAM Ratings (Category: Business)
Reuters: Arab foreign ministers stopped short of suspending Syria from their regional organisation on Sunday over its military crackdown on dissent, instead urging the government and opposition to negotiate an end to the violence. “We will call all of the parties of the opposition and government to hold a dialogue within 15 days,” the League’s ...
- UN assembly adopts resolution condemning Syria (Category: Business)
- Arabs approve sweeping sanctions on Syria (Category: Business)
- Russia vetoes UN resolution against Syria (Category: Business)
- UN envoy Brahimi says Syria mission ‘nearly impossible’ (Category: Breaking News)
Lessons from the life and times of Steve JobsA process of education should equip young people with the values, knowledge and skills required to lead a fulfilling and productive life. Additionally, a good grounding in the fundamentals of math, science and the English language is essential. Nations have to move away from the unquestioning mode ...
- Computer great Dennis Ritchie dies at 70 (Category: Business)
- Income inequality: How the rich got richer and what politicians are doing about it (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
- Impact of the Apple management change (Category: Business)
Reuters) – European Central Bank President Jean-Claude Trichet said the European Union’s treaty should be changed to prevent one member state from destabilising the rest of the bloc, and urged stronger governance of the euro zone. “In my view it is necessary to change the treaty to prevent one member state from straying and creating ...
- S&P piles pressure on Franco-German budget plan (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
- Europe splits over fiscal union, UK isolated (Category: Business)
nAsia Pacific most robust region; flat growth for Western Europe in Q2 nFMCG ad spend shows signs of slowing in Europe and North America, while advertising for clothing and accessories increases in Asia Pacific Despite overall growth of 5.7 per cent for the advertising industry in Q2 2011, ad spending fell in nearly half the ...
- Zenith Optimedia cuts 2012 global ad forecast to $ 502 b on euro woes (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Asian consumers less confident, but still spending: Nielsen (Category: Business)
- More than 1 b online in APAC, 620 m browsing on mobile: ADMA (Category: Business)
A COLLEGE drop out and global genius is dead. Steve Jobs was a very private person, eccentric and brash. He was fired from the company he founded Apple and was brought back to resurrect it and make it one of the most valuable and admired companies on earth, its stock earlier this year the most ...
- Competing for FDI: An agenda for Sri Lanka (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
Reuters: Socialist firebrand Hugo Chavez condemned on Saturday the “horrible repression” of anti-Wall Street protesters and termed a U.S. Republican presidential candidate “crazy” for his criticism of Cuba and Venezuela. Although still convalescing from cancer surgery in June followed by four rounds of chemotherapy, the 57-year-old Venezuelan president is quickly returning ...
- Venezuela’s Chavez: I’m recovering like a condor (Category: Business)
- Chavez shows strength after Cuba cancer treatment (Category: Business)
- Chavez cancels trip to Argentina and Brazil (Category: Business)
- Obama: Iran and Cuba ties don’t benefit Venezuela (Category: Business)
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