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Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit yesterday under the theme ‘Positioning Sri Lanka in the Global Economy’ Chairman, ...
- Govt. on right course, private sector must adapt and grow: Dr. P.B. (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
Third batch of students graduate in TangalleThe third batch of 23 students, trained in hotel operations under ‘Jeevana’ Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on 9 July. MP Namal Rajapaksa was the chief guest at the ceremony. Initiated in September 2010, ‘Jeevana’ Livelihood Development Program endorses NDB’s ...
- NDB ‘Jeevana’ empowers youth in Jaffna together with DIMO (Category: Business)
- NDB Bank enhances hospitality trade through ‘Jeevana’ initiative again (Category: Business)
- NDB helps youths to get jobs in the growing tourism industry (Category: Breaking News)
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
This is the second edition of the ‘Company Called Sri Lanka’ article range in store and finds it is the most appropriate time to express the marketing strategy for tourism in the backdrop of the Sri Lanka Economic Forum, where they will be arguing about positioning Sri Lanka in the world market. Sri Lanka as ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- The Treasure Hunt (Category: Business)
- Etisalat’s ‘Really Really Fast Internet Campaign’ wins a Silver Effie (Category: Business)
- For tourism, after BRICs, Lanka-included SLIMMA is the best (Category: Business)
Emirates is embarking on a major expansion of its route network with three additional destinations to be launched in the next six months, on top of the 12 new routes already being rolled out in 2012. From 1 November, Emirates will launch four weekly flights to Adelaide, rising to a daily service from 1 February ...
- Emirates’ Munich A380 service to arrive early (Category: Business)
- Emirates to fly double daily to Jordan (Category: Business)
- Emirates adds fifth daily frequency to Karachi (Category: Business)
- Emirates to operate A380 flights to Singapore (Category: Business)
The first-ever Swiss-Sri Lanka Business & Investment Forum held in Geneva concluded successfully on 11 June. “The theme of the Geneva event ‘A land of a thousand and one opportunities’ appears to have successfully captured the outlook of Sri Lanka’s new growth phase. I congratulate the Sri Lankan delegation, our Swiss Embassy in Germany and ...
- For a change Geneva, Zurich to hear Sri Lanka’s post-war potential this week (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
- UBS CEO calls attacks on Swiss tax “economic war” (Category: Business)
- ERI wins ‘Diamond Eye Award for Quality and Excellence’ (Category: Business)
The need of policy framework and regulations for Sustainable Tourism (Economic wealth distribution, protecting environment, promoting social values) was the focal point of Chairman Sri Lanka Tourism Development Authority Dr Nalaka Godahewa at the evening public lecture organised by the Central Bank of Sri Lanka (CBSL) and held at the CBSL training centre auditorium last evening.
- Space, Scotland's final frontier? (Category: Technology)
- Dream property for sale (Category: Australia, Tasmania )
- Tourism awards for Hobart (Category: Australia, Tasmania )
- Even in tough economy, Seattle tourism continues to thrive (Category: USA, Washington)
HSBC Sri Lanka on Monday celebrated its 120th year of successful operations in the country. Initially set up in Colombo in 1892 as a bank to facilitate trade finance with China, the entity has evolved over the years to become a full service bank that encompasses commercial and personal banking solutions for a diverse profile ...
- HSBC boosts RMB trade settlement service to 59 markets (Category: Business)
- COMBank declared Sri Lanka’s ‘Bank of the Year’ by The Banker (Category: Business)
- HSBC Group GM and Head of International Asia Pacific visits Sri Lanka (Category: Business)
Last week I was on the Air Force flight on route to Jaffna for a meeting with 52 investors who wanted to invest in the first industrial estate in the Northern Province – Atchchuveley. In my hand were the key sites that one can visit in Jaffna as a tourist. The first thought that struck ...
- Why Lion leads frontier (Category: Business)
- Atchchuvely a public-private model in Jaffna! (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
- As the world decides to vote (Category: Business)
An exciting weekend of activities will be held in Kalpitiya as preparations are in full swing for Sri Lanka’s first-ever Red Bull Kite Surfing race scheduled to be held on 7 and 8 July. Divyaa Lagoon Resort – the only luxury boutique hotel in Kalpitiya – will play host to the event including a fantastic ...
- Red Bull launches Sri Lanka’s first-ever kite surfing race (Category: Business)
- Red Bull kite surfing race finishes off in style (Category: Business)
- Divyaa Lagoon Resort first luxury boutique hotel to open in Kalpitiya (Category: Business)
- Red Bull launches Sri Lanka’s first-ever kite surfing race in Kalpitiya (Category: Business)
IFC, a member of the World Bank Group, is working with Sri Lanka’s Nations Trust Bank (NTB) to help up to 30,000 small business owners become more competitive through a series of advisory interventions, sharpening their readiness to access new markets. With IFC’s advisory assistance, the bank has strengthened its institutional capacity over the ...
- Risk Cover (Category: Business)
Sri Lanka CEO Nick Nicalaou dismisses exit rumours; says local operations robust and post-war future in the country looks very promising World’s local bank celebrates 120 years of excellence in Sri Lanka on 1 July, invests $ 7 m for major upgrade of Head Office in Fort By Nisthar Cassim HSBC, which is ...
- HSBC Group GM and Head of International Asia Pacific visits Sri Lanka (Category: Business)
- Successful $ 500 m BOC Bond is landmark says HSBC CEO (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
- HSBC puts banking on the palm of a customer’s hand (Category: Business)
A public lecture on “Tourism industry in Sri Lanka” Growth, strategies and future prospects” will be held today (28 June) at 5.00 p.m. at the Centre for Banking Studies, Sri. Jayawardenapura Mawatha, Rajagiriya. The speaker will be Sri Lanka Tourism Development Authority Chairman Dr. Nalaka Godahewa. The public lecture is organised by the Central Bank ...
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
The Sri Lanka Banks’ Association (SLBA), which represents the licensed banks operating in Sri Lanka, in a statement, said yesterday that it was concerned over the statement made by Standard and Poor’s. SLBA said S&P’s statement was issued on 20 June, where attention was drawn to concerns over credit risk in the banking industry. Concerns ...
- Mashreq leads $ 140 m loan syndicate for Bank of Ceylon (Category: Business)
- SriLankan Airlines gets $ 175 m Islamic loan from Gulf banks (Category: Business)
- Banking industry joins Lankan chorus against UNHRC moves (Category: Business)
- KumbukRiver among spectacular hotels (Category: Travel)
By Cheranka Mendis NDB Group yesterday introduced full service investment banking operations with the re-launch of Capital Development and Investment Company (CDIC) under a new corporate identity as NDB Capital Holdings Plc. NDB Capital Holdings CEO and Director Vajira Kulatilaka (second from left) addresses the media yesterday. Others from left are NDB Capital Holdings Chief ...
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
- NDB Investment Bank makes history at Euromoney Awards for Excellence 2012 (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
- World Finance names NDB the ‘Best Commercial Bank in Sri Lanka’ (Category: Business)
WOKE up as usual to a nursery rhyme. The Bread Man, who blares the same old tune over a megaphone every day, runs two jobs; one of waking up Sri Lanka, a job coercively collared from the rooster and the other selling bread and buns. The ice cream man comes later on in the day, ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four months ...
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
People’s Bank ceremoniously opened small & medium scale business centre recently at the Regional Head Office building of People’s Bank in Matara under the patronage of the Minister of Rehabilitation and Prison Reforms, Hon. Chandrasiri Gajadeera. Launched under the budget proposal of 2012, following the agenda of the Mahinda Chinthana Idiri Dekma, this new centre ...
- People’s Bank Small and Medium Scale Business Centre opens in Kurunegala (Category: Business)
- People’s Bank opens latest Small and Medium Scale Business Centre in Kandy (Category: Business)
- MBSL creates banking history by opening 16 branches in a day (Category: Business)
- Seylan Bank Skills Development Centre gets new address (Category: Business)
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
Region’s tourism to be hit in euro collapse-Euromonitor Tourism receipts could drop as much as 17.3 percent Hotel value sales would be down 15 percent Spending on air travel could drop 20 percent FRANKFURT (Reuters): A collapse of the euro zone would have a crippling impact on Europe’s airlines and hotel groups, as consumers and ...
- Greek Q1 tourism income drops 15%; fewer Russians, Germans (Category: Business)
- Spain economy stagnates, deficit at risk-cbank (Category: Business)
- Asian markets end on a mixed note on May Day (Category: Business)
- Brent falls near $113 over euro zone jitters (Category: Business)
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
With the end of the war, there was a desire throughout the country for a peace dividend. Over the 30 years of the conflict, pent-up demand had built up both for consumption and investment expenditure. The authorities were under intense political pressure to create an environment that was conducive to finance imports of consumption goods, ...
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- CCC says no room for complacency (Category: Business)
- Under President’s leadership, numerous programs have been launched to foster an investment-frien... (Category: Breaking News)
Indian arrivals drop 4.6% despite still being the largest component; overall numbers double from April Sri Lanka’s tourist arrivals grew 17.5 per cent in May to 57, 506 from a year earlier, latest data released by the Tourism Development Authority showed yesterday. The latest arrival rates were nearly twice that of April, which only recorded ...
- Mauritius says 2012 tourist arrivals to rise 3% to 1 m (Category: Business)
- Fewer Europeans visit Mauritius in first quarter (Category: Business)
- September tourist arrivals show 35 percent increase (Category: Breaking News)
- September tourist arrivals show 35 percent increase (Category: Breaking News)
Given one month extension pending reconstitution Adding to the confusion and controversies, the Board of Directors of the BOI is in limbo with subject Ministry Secretary Dr. P.B. Jayasundera giving it a month’s extension. The move follows the tenure of the members of the Board ending recently and until the latest extension indicated this week, ...
- BOI says approvals up 100%, agreements signed by 25% in 1Q (Category: Business)
- Challenges for FDI (Category: Business)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- FDI exceeds 1.5 billion USD target set by BOI for 2023 -State Minister of Investment Promotion (Category: Breaking News)
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
- Subsidized student loan scheme through commercial banks in addition to existing interest-free st... (Category: Breaking News)
- Banks lift overseas spending limits imposed on credit cards as dollar liquidity improves (Category: Breaking News)
- Ten problems; one solution (Category: Business)
- Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age (Category: Breaking News)
President Mahinda Rajapaksa and a top team of officials last week held a forum for Thailand business community at the Grand Hyatt in Bangkok. Apart from President Rajapaksa, others who spoke were Central Bank Governor Nivard Cabraal, BOI Acting Chairman M.M.C. Ferdinando, and Tourism Development Authority Chairman Dr. Nalaka Godahewa. A Sri Lankan business delegation ...
- Today’s Front Page 07-06-2012 (Category: Business)
- Today’s Front Page 28-06-2012 (Category: Business)
- Today’s Front Page 30-06-2012 (Category: Business)
- Today’s Front Page 16-06-2012 (Category: Business)
ATHENS (Reuters): Fewer German, British and Russian tourists visited Greece in the first quarter, contributing to a 15.1% drop in tourism receipts compared to the same period a year earlier, the country’s central bank said. The drop dampens hopes for a strong tourism season this year to help an economy mired in a deep five-year ...
- German travel firms says Greece bookings plunge (Category: Business)
- JVP breathes fire against 2018 Commonwealth Games bid (Category: Business)
- Euro zone collapse would cripple tourism-Euromonitor (Category: Business)
- Sri Lanka could miss 7.2% growth target (Category: Business)
The pioneers of tented camp safaris, Eco Team has once again set a precedent in Sri Lanka’s tourism sector with its innovative new concept of ‘mobile hotels’. In a record-breaking move, Big Game Camps & Lodges – a venture of Eco Team (Pvt) Ltd. – set up ‘camp’ for a total of 270 tourists on ...
- Safari savagery yet to be settled; stakeholder meeting in the offing (Category: Business)
- Heritance Resorts sweep green and individual awards (Category: Business)
- Trailblazing Eco Team Marks 11th year of adventure tourism in Sri Lanka (Category: Business)
- Leisure laughs! (Category: Business)
The external trade of the country may look challenging, but foreign inflows appear robust as per latest data disclosed by the Central Bank yesterday. Workers’ remittances in March amounted to $ 550 million, up 9.2% year-on-year (yoy) whilst for the first quarter it grew by 17.2% to $ 1.5 billion. Earnings from tourism in March ...
- CB says considerable improvement in forex inflows in March (Category: Business)
- Worker remittances exceed $ 5 b (Category: Business)
- Inflows improve (Category: Business)
- Jan-July worker remittances up 25.6% to $ 2.92 b (Category: Business)
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