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Although the Asian region is better prepared for economic turmoil than it was a decade ago, high levels of financial, trade and investment integration with the Western economies ensure that no country is immune to the effects of the Eurozone debt crisis. While most of the European Union (EU) economies struggle to design new austerity measures to ...
- Sri Lanka is an exciting and resilient business destination (Category: Business)
- Huge gains for South Asian consumers: CUTS (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
Asian Development Bank (ADB) Vice President Xiaoyu Zhao has declared that Sri Lanka has big potential than any other country in Asia to become the most viable and attractive regional economic hub. “Strategic location, post conflict infrastructure development initiatives, peace and stability, high economic growth and able leadership are the main factors behind these potential,” ...
- ADB’s South Asia head meets Basil (Category: Business)
- Sri Lanka has big potential to be a viable regional hub – ADB (Category: Breaking News)
- New ADB, Sri Lanka partnership strategy agreed to target growth (Category: Breaking News)
- ADB’s new Sri Lanka partnership to target inclusive growth (Category: Business)
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
- Ambitious $ 460 m 4-towers Krrish Square at Fort to start selling units from today (Category: Business)
- $ 450 m Transworks Towers to transform city (Category: Business)
- People will be resettled in Sampur: Basil Rajapaksa (Category: Breaking News)
- Gains, Pains In Paki FDI (Category: Breaking News)
SriLankan Airlines established its presence in the most bustling district of the Southern Province, Hambantota, with the opening of a new sales office on Friday, 21 September. The branch office will facilitate travel formalities to a large clientele in the south-eastern coast area. The modern facility is equipped to handle reservations, ticketing, Prepaid Ticket Advices ...
- SriLankan Airlines opens an office in Hambantota (Category: Breaking News)
- Classic Travel opens branch at World Trade Centre (Category: Business)
- SriLankan Airlines opens passenger sales agency in Hambantota (Category: Breaking News)
- SriLankan Airlines now in Jaffna (Category: Breaking News)
The Asian Development Bank (ADB) is concentrating on developing nine sectors including infrastructure in Sri Lanka and the far eastern region including Vietnam, Cambodia and Laos to foster economic development. “Asian Development Bank has assisted sub regional economic cooperation in the Greater Mekong Sub region (GMS) to enhance their economic relations, covering nine priority ...
- Sri Lanka looks for more economic links with Greater Mekong region (Category: Breaking News)
- Promoting South Asian tourism through inter-regional circuits (Category: Business)
- Lanka will achieve development goals - Japanese Minister (Category: Breaking News)
Currently discussing new courses with local and international universities By Cheranka Mendis The training arm of SriLankan Airlines, International Aviation Academy (IAA), is on an aggressive expansion plan, launching its services overseas while concentrating on capacity development and local youth engagement to the industry. IAA, which provides International Airline Training Association (IA...
- TAASL and IATA partner to develop HR in aviation (Category: Business)
- SriLankan Airlines’ IAA completes first training program for TAASL member agents (Category: Business)
- SriLankan IAA among IATA top ten (Category: Business)
- UL’s aviation training arm ventures in to Maldives (Category: Business)
The Lanka Business Coalition on HIV and Aids (LBCH) launched their revamped website ‘www.lbchconnect.com’ with information and updates to educate, inform and raise awareness on HIV and AIDS on the premise that there is still a high level of ignorance of the disease and that prevention is better than cure. The event was attended by ...
- Lankan corporates unite to pass pillow of awareness on World Aids Day (Category: Business)
- HNB and DFCC continue to support Lanka Business Coalition’s AIDS awareness program (Category: Business)
- LBCH ‘passes on the pillow’ to JKH Chairman under AIDS awareness program (Category: Business)
The Central Bank yesterday said earnings from tourism and workers’ remittances continued to hold up, cushioning the current account of the Balance of Payments (BOP). It said earnings from tourism in July 2012 grew by 23.6%, year-on-year, to $ 100 million, while during the first seven months of 2012, earnings from tourism have grown at ...
- Foreign inflows buoyant: CB (Category: Business)
- Inflows improve (Category: Business)
- Jan-July worker remittances up 25.6% to $ 2.92 b (Category: Business)
- REMITTANCES BY MIGRANT WORKERS INCREASE (Category: Breaking News)
In the last 15 years, the major hospitals invested over Rs. 50 billion by way of total expenditure to increase capacity building within the private healthcare sector by investing in necessary infrastructure, cutting edge technology and continuous development in human capital in the clinical discipline. The centres have created several hundreds of employment opportunities with ...
- Making a difference (Category: Business)
- Arogya 2012 to promote local health sector (Category: Business)
- Services of Apollo Hospitals accessible from Sri Lanka again (Category: Business)
- Doctors’ Brain Drain: Health Security Concern In Sri Lanka (Category: Breaking News)
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
- Battle of the superfoods (Category: Business)
- The other red meat (Category: Australia, Tasmania )
- Mervyn Silva offers she-goat to Goddess Kali (Category: Breaking News)
- Marauding goat Billy attacks trio (Category: Australia, Victoria)
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
- Nominations called for ICT Lifetime Achiever 2012 (Category: Business)
- Sri Lanka re-elected as Chair of UNESCAP ICT Committee third time (Category: Business)
- Microsoft Sri Lanka Partners ICTA for FutureGov SAARC Summit 2012 (Category: Business)
The Central Bank of Sri Lanka has released its latest data folder, Sri Lanka Socio-Economic Data 2012. The current data folder is the 35th volume of the series. This easy- to- carry data folder contains 88 statistical tables and 12 charts covering the latest information on socio economic conditions in Sri Lanka, human resources, national ...
- Sri Lanka Socio-Economic Data – 2011 for sale (Category: Business)
- Data Integrity (Category: Business)
- Making Sri Lanka's Independence more meaningful (Category: Breaking News)
- China reiterates its assistance to Sri Lanka's economic development (Category: Breaking News)
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
- Aitken Spence Hotels observe Earth Hour 2012 (Category: Business)
- Leading corporates commit to embedding ‘Global Compact and Sustainability’ (Category: Business)
Former top civil servant Dr. Prathap Ramanujam has been appointed to the Board of Senkadagala Finance Plc as an independent non-executive director with effect from 1 September 2012. Dr. Ramanujam retired after 38 years of distinguished service in the public sector. He was the Permanent Secretary to several key Ministries including Tourism, Livestock Development and ...
- CC to reconstitute independent commissions including EC (Category: Breaking News)
- Constitutional Council to meet on Wednesday (Category: Breaking News)
- CC yet to endorse second extension for IGP (Category: Breaking News)
- Shah: New coronavirus strain in England is worth keeping an eye on, but not surprising news (Category: USA, Maine)
NAIROBI (Reuters): Kenya’s horticulture export earnings are expected to grow by 10%this year thanks to above-normal rainfall, but the eurozone’s financial woes were expected to dampen demand for flowers, a senior industry official said on Monday. Horticulture is one of the east African country’s leading sources of foreign exchange alongside tea exports and tourism. The ...
- Japan corporate mood up despite yen worry (Category: Business)
- HE the President visits "Diyatha Uyana" at Battaramulla (Category: Breaking News)
- HE the President visits "Diyatha Uyana" at Battaramulla (Category: Breaking News)
- Nestlé to buy Pfizer baby food unit for $ 12 b (Category: Business)
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...
- Sri Lanka's time to bloom has come (Category: Breaking News)
- Russia expresses support to Sri Lanka in all its efforts (Category: Breaking News)
- 'Sri Lanka beginning to shine as glamour centre' (Category: Breaking News)
- Sri Lanka’s per capita income to rise to US $6000 – Central Bank Governor (Category: Breaking News)
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently recognised 20 top companies as Strategic Level training partners at a special ceremony held at the institute’s Colombo 7 premises. The 20 companies representing the non-public practice sector hailed from diverse areas including banking, textiles, telecommunication, insurance, tourism and plantation, giving the instit...
- Confident Sujeewa takes up new role as CA Sri Lanka President (Category: Business)
- CA Sri Lanka’s taxation course for professionals (Category: Business)
- CA Sri Lanka recognises Agro Harapan Lestari as a training partner (Category: Business)
- CA Sri Lanka conducts highly successful orientation seminar for trainees (Category: Business)
IFC, a member of the World Bank Group, this week hosted an advanced trade finance seminar in Colombo to train bankers from Sri Lanka and Maldives on using sophisticated trade finance products, the better to serve small entrepreneurs engaged in international trade. The five-day training program, sponsored by the government of Japan, helps bankers identify ...
- IFC trains bankers to help strengthen trade finance in Sri Lanka (Category: Business)
- Risk Cover (Category: Business)
- IFC Helps Banks Strengthen Trade Finance Expertise (Category: Business)
- IFC, NTB help small businesses become more competitive (Category: Business)
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)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
- Lion leads frontier markets (Category: Business)
- Commercial Leasing and Finance maintains impressive growth in profits (Category: Business)
- AmCham to promote fixed rate, low cost financing from USA (Category: Business)
- AmCham partners with ISEL to bring in US investment to Sri Lanka (Category: Business)
Seychelles President Seychelles President James Alix Michel concludes a historic state visit to Sri Lanka heralding a new chapter in Seychelles-Sri Lanka relations in pursuit of common endeavours towards strengthening closer friendship and economic cooperation between the two countries in a variety of fields, with enormous benefits for the two countries and their peoples. President ...
- Sri Lanka, Seychelles renew strong ties, sign bilateral agreements (Category: Business)
- Seychelles President in town today (Category: Business)
- New chapter in bilateral relations between Sri Lanka and Seychelles (Category: Breaking News)
- Seychelles President concludes a historic State Visit to Sri Lanka (Category: Breaking News)
The Central Bank said yesterday inflows to the services account of the balance of payments remain buoyant despite challenging conditions. It said earnings from tourism in June 2012 grew by 20.6%, year-on-year, to $ 63 million, while during the first six months of 2012, earnings from tourism have grown at a robust rate of 24.3%, ...
- 1H worker remittances top US$ 2.5 billion mark (Category: Business)
- 3,623 new companies registered in 1H (Category: Business)
- Tougher 2Q but Dockyard ends 1H with better results (Category: Business)
- Union Assurance continues growth momentum in 1H 2012 (Category: Business)
PORT LOUIS (Reuters): Mauritius cut its 2012 tourist arrival forecast for a second time this year on Tuesday to 960,000, from 980,000, citing weak economic conditions in its key markets in Europe, its statistics body said. In 2011 tourist arrivals to Mauritius reached 964,642. Tourism is a cornerstone of the Indian Ocean island’s economy and ...
- Rare skink saved from extinction (Category: Technology)
- Seize opportunity to consolidate business in Mauritius and Sri Lanka (Category: Breaking News)
- WA man could be freed from incarceration (Category: Western Australia)
- Salmans Ready shifts from Mauritius to Colombo (Category: Breaking News)
By Cheranka Mendis Seylan Bank’s CEO and MD Kapila Ariyaratne recently joined Daily FT for a brief chat on the performance of the bank, future plans and market trends. The bank as at now holds 11% shares in advances and 10.6% in deposits within the private local commercial bank market in the country. Q: How ...
- Standard & Poor’s upgrades Standard Chartered Bank to AA- (Category: Business)
- NDB Bank’s net profit up 13% to Rs. 1.7 b by September (Category: Business)
- Union Bank opens in Ratnapura (Category: Business)
- Lion leads frontier markets (Category: Business)
BANGKOK, THAILAND: Myanmar could follow Asia’s fast growing economies and expand at 7% to 8% a year, become a middle income nation, and triple per capita income by 2030 if it can surmount substantial development challenges by further implementing across-the-board reforms, a new Asian Development Bank (ADB) study says. ”Myanmar’s strategic location, rich natural resources ...
- ADB Director General in town (Category: Business)
- ADB’s new regional DG calls on President (Category: Business)
- ADB says loan fund for poor nations may reach $12 b (Category: Business)
- Visa prepares to enter Myanmar (Category: Business)
IN a challenging economic environment, tourism is Sri Lanka’s lifeline to development. However, increasing political tensions, crime rates and stand-offish Government policy is threatening to choke this much-needed revenue. Sri Lanka has decided to challenge a British Government travel advisory warning Britons over an upsurge of nationalism, sexual offences and anti-Western rhetoric i...
- Visit by British Royals boosts Sri Lanka tourism (Category: Breaking News)
- More British tourists arrive (Category: Breaking News)
- Business as usual for professionally-managed southern hotels (Category: Business)
- British High Commissioner hosts reception for UK companies at Sri Lanka Expo (Category: Business)
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