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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 ...
Protecting the small depositor One reason for poor communities the world over responding to the service facility provided by Micro Finance Institutions (MFI) to take in the small amounts of savings the poor generate on a daily or weekly basis is the security offered by the cash being securely looked after at a remote ...
Last week I had the opportunity of meeting Hermawan Kartajaya, one of the top 50 gurus who has shaped the world of marketing. His perspective to the changing landscape of marketing and what business must do sure opened my mind set to a new way of thinking business and Sri Lanka’s policy decision making. Hermawan ...
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;
BEIJING, (Reuters): Sri Lanka released 37 Chinese fishermen detained by its navy, China’s Xinhua state news agency reported on Monday, putting a quick end to what could have been a test of the increasingly close ties between Beijing and Colombo. Sri Lanka’s navy arrested the fishermen on Sunday night for fishing in Sri Lankan waters. ...
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 ...
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 ...
FACETS 2012, Sri Lankaandrsquo;s only International Gem and Jewellery Show which is expected to be held from the 5 - 8 September this year, has all 154 booths sold out, with inquiries continuing to come in from countries like India, Russia and China to send buying delegations.
FACETS 2012, Sri Lankaandrsquo;s only International Gem and Jewellery Show which is expected to be held from the 5 to 8 September this year, has all 154 booths sold out, with inquiries continuing to come in from countries like Russia and China to send buying delegations.
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 ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
News Butterfly, the unique TV programme from the US’ FOX news network, is now filming in Colombo for an exclusive segment on Sri Lanka’s new upswing. News Butterfly Market Place (NBMP) is described as a ‘unique women’s movement on TV’. According to NBMP, ‘the programme is a TV Channel venture for beautiful and talented women ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
Arab News: RIYADH: Saudi businessmen have evinced immense interest in attending the upcoming the Sri Lanka Expo 2012 scheduled from 28 to 30 March in Colombo, Sri Lankan Embassy’s Commercial Counselor Anil Sirimanna said. The Sri Lanka Export Development Board (EDB) has organised the three-day event being held at the Bandaranaike Memorial International Conference Hall ...
At a time when some major global apparel buyers are shifting their sourcing to low-cost countries like Cambodia, Bangladesh and Vietnam, Sri Lankan garment manufacturers are not only able to retain their current buyers but have also succeeded in luring new buyers. In fact, the Sri Lankan apparel industry has crossed its US$ 4 billion ...
Attacked woman reportedly denies rape; blames on being in wrong place at wrong time; Family to be flown in at Sri Lanka Tourism expense for care By Cheranka Mendis The Government yesterday reiterated those responsible for the killing of British tourist and causing injury to his Russian partner will be severely dealt with as per ...
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 ...
Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...
Industry expects modest growth but no boom expectationsby Cheranka Mendis The tourism industry is looking at a 10-15% increase during the coming winter season although there will be no sell-out as earlier expected, according to industry experts. The season, which usually amounts to the highest number of arrivals each year, was initially expected to bring ...
This is a headline article of Khaleej Times – one of the most prominent and leading newspapers in the United Arab Emirates. According to the news item 350milion population in the Arab World is in need of 160,000 doctors. In the UAE out of the population 80% are expatriates mainly from South Asia. The ...
Reuters: England piled more misery on India with a thrilling six-wicket victory in a one-off Twenty20 match at Old Trafford on Wednesday. After losing the test series 4-0, India started brightly in the shortest version of the game and racked up 165 all out, only to see England reach their target with three balls to ...
It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...
By Marianne David Warm, welcoming and exuding good cheer, the Cinnamon Lakeside’s newest General Manager Denis Gruhier perfectly fits into the best qualities the hospitable hotel is well-known for and his affirmation of Sri Lanka’s optimistic post-war outlook for tourism in particular and the country in general is welcoming news indeed. Having joined the Lakeside ...
Combined publicity programme The Government’s plan to formulate a combined publicity programme to build a unified brand for Sri Lanka tourism is well timed and one of the brilliant steps taken in the right direction. It is noted that the project is to be named Tourism Promotion Programme (TPP). Currently Sri Lanka is at the ...
Colombo: Sri Lanka has signed a contract to purchase 14 Mi-171 helicopters from Rosoboronexport State Corporation, a state-owned arms enterprise under a Russian credit deal, Russia’s state news agency Itar-Tass reported. ITAR-TASS said it has learnt that from a press service of the enterprise, Rosoboronexport will supply 14 Mi-171 helicopters of different modifications to Sri ...
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