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Inflation, hyper inflation and chronic inflation Inflation, as understood by the unsuspecting citizen, is the rising cost of prices over a period of time. This interpretation is far from satisfactory. It is high time people were educated as to the real causes of inflation. Dissecting the inflationary causes would be a difficult task for an ...
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
The NDB Group has delivered yet another strong performance for the first half year of 2012 recording a commendable profit after tax of Rs. 1,362 million to its shareholders, which is an increase of 36 per cent compared to the previous year. Chairman of the Bank Hemaka Amarasuriya stated: “The impressive results are attributable to ...
By Nisthar Cassim The world’s leading nutrition, health and wellness company, Nestlé said last week Sri Lanka is a high growth market with strong upside in tandem with improving socioeconomic development aided by the end-of-war benefit. “We are experiencing double digit growth in Sri Lanka and see very positive prospects going forward. Our commitment to ...
The ‘Yes-Man’ Parasite, a.k.a. HMV The dictionary definition of a ‘pun’: ‘the clever or humorous use of a word that has more than one meaning, or words that have different meanings but sound the same’. The second word of the headline of today’s column is not exactly a pun, but somewhat akin to one, as ...
South Africa will extend its fullest cooperation for Sri Lanka’s reconciliation process and its drive for economic development according to Deputy Minister of International Relation and Cooperation Republic of South Africa Ebrahim Ebrahim when he met Senior Adviser to the President and Minister of Economic Development Basil Rajapaksa at the Ministry of Economic Development on ...
Chennai: After Chennai police denied permission to hold the planned Eelam conference in public grounds, India’s DMK leader, M. Karunanidhi has held an assembly on the issue on Sunday in a private hotel ahead of the conference, Indian media reported. The former Tamil Nadu Chief Minister has however given up demanding a Tamil Eelam and ...
Devolution of power must come from within Parliament of Sri Lanka and can never be successfully imposed from aboard, former Indian Cabinet Minister Subramanian Swamy said. “This devolution is moreover not an Indian demand, but certainly it is our concern and expectation as well wishers of Sri Lanka who stood by you in your grueling ...
‘Economic strategies for Sri Lanka’, (‘Apata Galapena Arthika Kramaveda’) a book written in Sinhala, co-authored by LIRNEasia Chairmen and CEO Rohan Samarajiva, PhD and C.J. Amaratuna was launched at Bandaranayaka Institute of International studies, recently. ‘Economic strategies for Sri Lanka’ presented to Kanchana Dasanayake, Editor of ‘Ada&#...
Sri Lanka and Poland have agreed to boost bilateral ties including an exchange delegation and special promotion at the upcoming Warsaw Fair 2012. New measures and strong existing ties came up for discussion when the visiting Polish Under Secretary of State for Oriental Policy Jerzy Pomianowski paid a courtesy call on Economic Development Minister Basil ...
In the upbeat atmosphere of the post-high level Indian trade push on Sri Lanka, the Sri Lankan business community and CEOs are now upbeat on the dawning new biz prospects. Fresh initiatives by the high-level Indian business delegation to Sri Lanka led by Indian Minister of Commerce, Industry and Textiles Anand Sharma saw announcements of ...
1.Lack of priority for consultative policy planning Education is regulated in this country by a colonial Education Ordinance (1939) and post-independence legislation on higher education culminating in the Universities Act (1978). Various expert policy advisory bodies like the University Grants Commission (UGC) and the National Education Commission (NEC) examined the regulatory framework many...
Several dual citizens as well as former expats who have settled home recently have expressed concern over the blocking of remittances abroad via Central Bank’s recent rules on NRFC accounts, a move they alleged suggests the country could be facing a forex crisis. In an announcement in mid July, the Central Bank said it would ...
By Ashwin Hemmathagama Our Lobby Correspondent The Government has been repeatedly mentioning that the economy is in sound condition and reserves are very securely and lucratively invested. However, UNP MP Ravi Karunanayake moving yesterday’s adjournment motion accused the Government of robbery." “On examination of the state of the economy we find that the Government, especially ...
By Martin Roll The last decade has seen cities, islands and countries aggressively branding themselves in order to create a resonating identity among stakeholders and build sustainable lifetime customer relationships. Country branding refers to a process in which a country claims a distinct positioning in the minds of its citizens, global customers and stakeholders. To ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
What do you mean by performance? The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost, and speed. In a contract, performance is deemed to be the fulfilment of an obligation, in a manner that releases the performer from all liabilities under the contract. Performance management Performance Management (PM) includes ...
The Central Bank is expected to keep interest rates steady for a fourth straight month on Tuesday as a spike in inflation to a 42-month high complicates its efforts to bolster cooling growth. All 11 analysts polled by Reuters expected repurchase and reverse repurchase rates to be left unchanged at 7.75% and 9.75% respectively. Both ...
Chooses re-built Jaffna Library for his first book presentation in Sri LankaThe series of books being authored by leading public interest activist and reputed professional consultant Nihal Sri Ameresekere on real case studies, dealing with subjects of fraud, corruption, economic crime, public finance, governance and the rule of law, recently reached a number of 12 ...
Playing off India against China and vice versa‘The Great Game’ was the name given to a diplomatic and military tussle between the British and Russian empires during the time of the British Raj in India for influence over what constitutes today’s central Asian states. Commonly known as the ‘Stan states,’ they were located along the ...
Reuters: State-owned Ceylon Petroleum Corporation (CPC) on Saturday took Vitol, the world’s largest oil trading firm, off its supplier list, believing diesel supplied by the firm had damaged vehicles. Vitol rejected the allegation and said the cargo in question was tested in accordance with international standards by CPC inspectors before it was discharged. Petroleum Minister ...
A farewell dinner was organised by the Sri Lanka-Russia Business Council of the Ceylon Chamber of Commerce for Vladimir Mikhaylov and Madam Mikhaylov in recognition of the yeomen services rendered by Mikhaylov during his tenure as the Patron of the Council. The event was held on 6 July 2012 at the Dukes Court, Cinnamon Lakeside ...
The following is a statement issued by Vitol Group regarding allegations on inferior diesel supplies which has caused a crisis among motorists: The Vitol Group of Companies strongly refutes any allegation that the cargo of Diesel supplied under tender BKl35l2O12 and discharged at Dolphin Pier on 22 July is responsible in any way for the ...
Reuters: The International Monetary Fund on Thursday called for a “policy game changer” in the euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbors. An IMF spillover report that looks at how the economic policies of the so-called systemic five ...
Transparency International Sri Lanka (TISL) has called on all political parties and the public to be vigilant about the malpractices relating to the use of public property during the upcoming Provincial Council elections. Several surveys conducted by TISL during previous elections in Sri Lanka revealed the use of public property for election work blatantly violating ...
In the global public relations business, Asia is also rising. The flow of Western talent and treasure into the region is well known in our industry, but less visible is the advance of many powerful Asian consultancies with international ambitions which are rising fast. On my 10th anniversary here I would like to share 10 truths ...