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Diplomacy plays a direct role in addressing the root cause of insecurity. Diplomatic initiatives build partnerships so nations can work together to address bilateral and multilateral issues. Diplomacy refers to communication or negotiations tactics that use political and legal channels to address both bilateral and multilateral issues. Good diplomacy works at least in four ways ...
By Cheranka Mendis The tea industry’s export target of achieving revenue of US$ 5 billion from the present US$ 1.5 billion by 2020 is an overly ambitious one that is likely to be impossible to achieve, Colombo Tea Traders Association Chairman Jayantha Keragala said on Friday at the association’s 118th AGM. Keragala stated that the ...
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...
Overview With the end of the civil war, Sri Lanka is now experiencing a higher growth in the number of tourist arrivals, despite the much anticipated crisis in its economy currently, along with many infrastructure developments taking place to better the country’s standard. According to the latest statistics from the Sri Lanka Tourism Promotion Bureau, ...
Performers will have copyright protection for their audiovisual works as a result of the successful conclusion of 12 years negotiations by the members of the World intellectual Property Organization (WIPO), which has resulted in the finalisation of the Beijing Treaty on Audiovisual Performances on 26 June. The treaty will enter into force when ratified by ...
LONDON (Reuters): Aviva, Britain’s second biggest insurer, will on Thursday unveil plans to sell or close up to a quarter of its businesses in a shake-up designed to bolster its finances and reinvigorate its flagging share price. The company, whose weak stock market performance led to the removal of chief executive Andrew Moss in May, ...
Economic Times Editorial: Whatever transpired during the extremely brief visit of National Security Adviser Shivshankar Menon to Colombo, ostensibly to deliver an ‘act on the reconciliation front’ message, it is clear that New Delhi has decided to up the ante on Sri Lanka. The recent Indian vote for the US-backed resolution in the UN Human ...
An estimated 150,000 acres of paddy will be affected by the ongoing drought and thousands of people will be directly affected by their crops failing. The numbers that are filtering through are shocking and causing worries not only for the Government but the public in general. The drought has resulted in hydro electricity generation dropping ...
The vital importance of the development of export and its national value with policy on priority for export trade was emphatically stressed in the Budget speech for 2012 presented by the President. The projected objective was to achieve the export target braving the challenges from the international market. Imperatively Trade Promotion Organisations (TPOs) are bound ...
The Standard and Poorandrsquo;s (Sandamp;P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable.
The Oxford Dictionary tells us that being ‘happy’ is being cheerful with feelings of pleasure or satisfaction. ‘Satisfaction’ is, in turn, when you are pleased because you have achieved something or because something has happened as you wanted it to. A synonym is being ‘content’ – being happy and satisfied with what you have. Rulers ...
OVER the last three years Sri Lanka has become used to being at the forefront of development potential and political stability in South Asia but interestingly, neighbour Maldives has had the highest per capita income in the region and continues to lead the way in investment and economic growth. A study done by a ...
A top level Sri Lanka Ports, Trade and Logistics conference and exhibition will be held from 10 to 11 July at Colombo Hilton, organised by industry specialists Seatrade. The multi-stakeholder sponsored and endorsed event will showcase commercial opportunities and development of South Asia’s new maritime hub and logistics centre – Colombo and Sri Lanka. Seatrade ...
UNP MP Karu Jayasuriya has called for the Opposition parties to unite to abolish the Executive Presidency saying it was the singular enemy of Sri Lanka. Here is the full text of Jayasuriya’s statement: Everything that presently ails Sri Lanka hinges on a single factor – the Executive Presidency that concentrates all power in the ...
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 ...
Wide range of issues discussed; separate meetings held with Basil, Gota and SampanthanIndian National Security Advisor Shiv Shankar Menon met President Mahinda Rajapaksa yesterday. Menon who arrived on Thursday night is accompanied by the Joint Secretary Harsh Vardhan Shringla. At President’s meeting External Affairs Minister Prof. G.L. Peiris was also present. During his stay Menon ...
Drug Trafficking was one of the main sources of finance for the LTTE terrorists as reflected in the World Drug Report 2012, says Permanent Representative of Sri Lanka to the United Nations Dr. Palitha Kohona. He was addressing at the UN General Assembly Thematic Debate on ‘Drug and Crime as a Threat to Development’ ...
By Joseph Hammond The end of the civil war brought hopes that the country could become united. But attacks by radical Buddhists suggest Sri Lanka faces a new challenge to internal harmony. Colombo’s suburb of Dehiwala is probably best known for housing the Colombo Zoo. But late last month, it became the site of a ...
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
There is no other industry in Sri Lanka which has suffered at the hands of the Government more than the media industry. Media freedom is enshrined in our Constitution, but it cannot just be exercised unless the right to gather news and information is also guaranteed. Media freedom is enshrined in our Constitution, but it ...
Another day, another boatload of people rescued off the coast of Australia while trying to sneak into the country illegally. More lives lost and more despair spread while a solution drifts into the distance. For the past three years, Sri Lanka’s economic and social situation has increased significantly. Many people are grateful for the ...
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related to their accountability. Despite this, and setting ...
Recent newspaper advertisements heralding the birth of a sports economy is indeed good news for sportsmen in general and sports entrepreneurs in particular. Tax exemptions that serve as attractive incentives are a much awaited step in the right direction for a small nation who has time and again made forays into the big leagues. The ...
The Sri Lanka Economic Association (SLEA) on Friday 29 June will launch a book titled “Achieving Economic Goals in the Midst of Global Challenges” containing the proceedings of its 2011 Annual Sessions. It will be held at HARTI Auditorium, Hector Kobbekaduwa Agrarian Research and Training Institute, 114, Wijerama Mawatha, Colombo 7 at 4.30 p.m. SLEA ...
By Shelton Dharmaratne Changing global trends will continually pose challenges to economic theory and policy and the ways in which we analyse tourism activity. Sri Lanka Tourism’s public policies are trapped in a dynamic, ongoing process and it has become increasingly evident that the Government is struggling to comprehend the tourism industry, its impact and ...
Predicts that Sri Lanka will face formidable challenges in the future unless the issues of social protection are addressed now These views were shared at the inauguration of a workshop titled ‘Promoting Productive Social Protection and Labour Systems in Sri Lanka for Inclusive Growth: Developing an Integrated Social Protection and Labour Strategy,’ organised jointly by ...
Request to present a public petition before the Committee on Public Petitions Following is the text of an open letter sent by good governance activist Chandra Jayaratne to the Leaders of Peoples Alliance Parliamentary Group, United National Party Parliamentary Group, Tamil National Alliance Parliamentary Group, Janatha Vimuthi Peramuna Parliamentary Group, Democratic National Alliance Parliamentar...
Around two weeks back when I was invited to address the business chambers of Pakistan in Karachi, I realised that the bond between the people of Pakistan and Sri Lanka was not due to business or commerce but the game of cricket. Whenever I mentioned cricket in my addresses, there was a round of applause ...
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...