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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 ...
- Sri Lanka makes it to 2013 Future Brands Country report (Category: Business)
- Branding Sri Lanka (Category: Business)
- Sri Lankans put on a gutsy show for free (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (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)
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)
All newspapers carried headlines a few days ago stating that May 2012 tourist arrivals have increased by 17.5% from last year. It is reported that the May arrivals of 57,506, was higher than even that of April, which showed only a 9% increase YOY. So far, total arrivals for 2012 up to end May is ...
- Showcasing Sri Lanka and driving demand (Category: Business)
- 2012, another positive year for tourism – BMI (Category: Business)
- More hotels to satisfy demand (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)
Europeans are avoiding vacations to Greece this summer fearing instability sparked by the debt crisis, industry sources say, inflicting a hard blow to the country’s already devastated economy. “From the aftermath of the elections on May 6, we have experienced a 50 percent drop in bookings,” said George Drakopoulos, director general of the association of ...
- Spending Break (Category: Business)
- No cafes, no tourists: Virus empties streets of old Athens (Category: USA, South Dakota)
- No cafes, no tourists: Virus empties streets of old Athens (Category: USA, South Dakota)
- Brown bear cubs released in wild (Category: Technology)
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)
Minister of Justice and SLMC Leader Rauff Hakeem met the President of the Kuwait Chamber of Commerce and Industry Ali M. Thunaian Al-Ghanim at the Kuwait Chamber headquarters recently during his visit. Hakeem briefed Al-Ghanim on the advantageous of investing in Sri Lanka in the post conflict situation and urged the Kuwait business leaders to ...
- Kuwaiti Minister of Justice calls on Minister Hakeem (Category: Business)
- Strong Kuwaiti support for reconciliation process (Category: Breaking News)
- Sri Lanka and Kuwait to renew joint trade sessions after 15 years (Category: Business)
- Sri Lanka secures direct access to fifth largest global buyer of Pure Ceylon Tea (Category: Business)
A document named ‘Growing Together’ prepared by UNESCAP for the sixty sixth session of ESCAP states that the realisation of what is termed as the ‘Asia Pacific century’ will depend on the region’s ability to harness the potential of regional economic integration. A shared history and culture, complementarities arising from their very different levels of ...
- Asia Pacific trade and investment (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
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)
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)
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
- ‘Rupee Volatility – In Search of Equilibrium’ (Category: Business)
- Forex crisis: CB explains and assures (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
International arrivals into Asia/Pacific1 destinations grew by a collective 7% year-on-year during the first two months of 2012, according to preliminary data released by the Pacific Asia Travel Association (PATA) last week. At this point Southeast Asia is the fastest growing destination, followed by South Asia, however, both sub-regions generated somewhat slower growth than last ...
- Asia Pacific visitor arrivals up 3% in May (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
- High raw material cost sends Tokyo Cement 1Q profit down despite 33% rise in sales (Category: Business)
- Sampath Bank profit tops Rs 2 bn (Category: Breaking News)
- Mobitel profit exceeds Rs 200 million in Q1 (Category: Breaking News)
- CT Holdings ends FY12 on a high with stellar 4Q (Category: Business)
After the LTTE was defeated, a campaign designed to promote Sri Lanka as a leisure and investment destination labelled ‘The Small Miracle’ was shot down, ostensibly on the ground that the miracle was in no way ‘small’. The marketing value in Sri Lanka’s compact size, our rich biodiversity, the diversity of leisure locations and physical ...
- Lanka’s economic miracle turns sour (Category: Breaking News)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
Sri Lanka and Kazakhstan have signed a Memorandum of Understanding (MoU) to expand the bilateral relations between the two countries and hold regular consultations between the respective foreign ministries. The MoU was signed during the visit of External Affairs Minister, Prof. G. L. Peiris to Kazakhstan on 24 and 25 May at the invitation of ...
- Sri Lanka and Kazakhstan to improve relations (Category: Business)
- GL off to Russia and Kazakhstan (Category: Business)
- G.L. to Russia and Kazakhstan (Category: Breaking News)
- Sri Lanka to strengthen bilateral ties with Qatar during Premier’s visit (Category: Business)
Reuters: Tourism revenues in Mauritius rose 15.6% in the first quarter to March compared to a year ago although arrivals were slightly lower, data showed this week. “Gross tourism receipts for the first quarter of 2012 were estimated by the Bank of Mauritius at 13.81 billion rupees ($465.77 million)… compared to 11.94 billion estimated for ...
- Mauritius 2011 tourism revenues up 10% to $1.48 b (Category: Business)
- Mauritius says 2012 tourist arrivals to rise 3% to 1 m (Category: Business)
- Emirates and Mauritius join forces to promote the destination worldwide (Category: Business)
- Mauritius cuts its 2012 tourist arrivals forecast again (Category: Business)
The Employees’ Provident Fund (EPF) yesterday categorically rejected the statement allegedly made by an Opposition Member of Parliament as reported in several news papers on 15 May 2012, where the EPF has been accused of fraudulent transactions in the stock market. "Such statement, read in conjunction with several past statements of a similar nature made ...
- Harsha rebuffs CB’s rosy EPF story (Category: Business)
- CB says EPF investments are long-term and of value (Category: Business)
- EPF defends its investment strategy (Category: Breaking News)
- UNP MP renews warning over fate of EPF’s questionable investments in stock market (Category: Business)
Doha: President Mahinda Rajapaksa vowed to turn his country, recovering from three-decade long terrorism, into an economic and commercial hub of the region. Addressing the 12th Doha Forum and Enriching the Middle East’s Economic Future Conference at the Doha Sheraton Hotel on Sunday (20) morning as an international Guest of Honour, President Rajapaksa said Sri ...
- Rishad arrives in Qatar for Doha Forum 2012 (Category: Business)
- President Mahinda Rajapaksa & Sheikh Hamad bin Khalifa al Thani, the Emir of Qatar (Category: Business)
- CA Sri Lanka members in Qatar meet President Rajapaksa (Category: Business)
- Moors Youth Society celebrates Avurudu (Category: Business)
Record profit fuelled by Rs. 2.3 b in capital gains; core businesses post recovery with 23% pre-tax profit growthHayleys Plc share price on Friday produced one of its highest day gains of Rs. 16 as investors toasted record earnings in FY2012 largely fuelled by Rs. 2.3 billion in capital gains but its core businesses too ...
- Hayleys has a hearty FY12 (Category: Business)
- Double-edged deal (Category: Business)
- Hayleys quadruples 9-month net profit to Rs. 3.6 b (Category: Business)
Achieves best-ever results in 134-year history Pre-tax profit at Rs. Rs 4.8 billion, post-tax figure Rs. 3.8 b Profit attributable to equity holders of the company up 269% to Rs. 2.5b Turnover up 15% to Rs 62.5 b A challenging operating environment notwithstanding, Hayleys Group has posted its best annual earnings in the history of ...
- Hayleys quadruples 9-month net profit to Rs. 3.6 b (Category: Business)
- Hayleys triples 1H pre-tax profit to Rs. 3.6 b (Category: Business)
- Hayleys ends 1Q with Rs. 17.3 b turnover; Rs. 861 m pre-tax profit (Category: Business)
External Affairs Minister G.L. Peiris, who is in the US, on Thursday met with Deputy United States Trade Representative Ambassador Demetrios Marantis and took part in an extensive discussion on trade and the economy. He also pressed Ambassador Marantis for early closure of a review of the Generalised System of Preferences (GSP) for trade that ...
- Sri Lanka vows to boost economic cooperation with China: FM (Category: Breaking News)
- GL meets with White House National Security team (Category: Business)
- Palestine ‘can almost feel SL’s great potential’ – Palestinian Minister (Category: Business)
Thailand’s new Ambassador to Sri Lanka Poldej Worachat yesterday paid a courtesy call on Economic Development Minister Basil Rajapaksa to discuss issues of bilateral interest. At the outset of the meeting Rajapaksa thanked the Thailand for the assistance given by its government recently at various international forums, specially at the recently concluded UNCHR meeting. Longstanding ...
- New era in bilateral relations between Norway and Sri Lanka (Category: Breaking News)
- Sri Lanka, Norway to strengthen bilateral relations (Category: Breaking News)
- President and Thai Prime Minister hold bilateral discussions (Category: Breaking News)
Under Secretary of the Ministry of Foreign Affairs of Philippines Erlinda F. Basilio met Minister of Economic Development Basil Rajapaksa today at the Economic Development Ministry. At the outset Minister Rajapaksa said at the moment Sri Lanka will always remember the help extended by the Philippines in various international forums recently. Longstanding friendship between the ...
- Pakistan wants strong economic ties with Lanka (Category: Breaking News)
- Pakistan wants strong economic ties with Lanka (Category: Breaking News)
- Sri Lanka urges US to extend GSP (Category: Business)
- President holds bilateral talks with Asif Ali Zardari (Category: Breaking News)
SRI LANKA has ambitious goals for development and needs investment to push up growth to the expected levels of eight per cent or more. Even though the country has fared well in 2010 and 2011 by posting eight per cent and 8.3 per cent growth consecutively for the first time in history, there is increasing ...
- 7,000 vacancies in Sri Lanka's export zones (Category: Breaking News)
- Laid off BOI company workers still not paid compensation (Category: Business)
- Sri Lanka manufactures garment to M&S and Tesco (Category: Business)
- BOI approves 6 new ventures in SL (Category: Breaking News)
Reuters: A Ukrainian women’s rights activist stripped to the waist and seized the Euro-2012 soccer trophy while it was on public display in Kiev on Saturday in a protest against the forthcoming month-long championship. The young woman, 23-year-old Yulia Kovpachik, is a member of the Kiev-based Femen women’s rights group which believes the Euro-2012 soccer ...
- Ronaldo puts spark into Portugal and tournament (Category: Business)
- New Euro 2012 ball faster than Jabulani, Adidas CEO says (Category: Business)
- Indian embassy targeted by topless activists (Category: Breaking News)
- Italy’s ‘Gerrard’ hopes to explode against England (Category: Business)
By Cassandra Mascarenhas The pace of activity in the construction industry has slowed down due to constraints caused by the high cost of finance fuelled by the rise in interest rates, the devaluation of the rupee that have resulted in imports being more expensive and the lack of FDIs coming into the industry, stated Chamber ...
- Vocation Worry (Category: Business)
- Cash Crisis (Category: Business)
- Work Share (Category: Business)
- Industry gears up for ‘Construction Expo 2012’ (Category: Business)
The Central Bank on Friday said earnings from exports increased by 7.6% to $ 879 million in February 2012 while expenditure on imports increased by 27.9% to $ 1,581 million over the corresponding month of the previous year. The largest contribution to export earnings in February 2012 was from industrial exports. Industrial exports grew by ...
- Sri Lanka’s trade deficit widens by 67.5% in February (Category: Breaking News)
- Imports lose steam; exports fall by 10% (Category: Business)
- 2012 starts with near $ 1 b trade deficit (Category: Business)
- Trade deficit narrows (Category: Business)
VENICE (Reuters): Cruise operator Costa Crociere took delivery of a new flagship liner on Saturday, hoping the glamour of Italy’s biggest ship will mark a new era for a company whose reputation was marred by the deadly Concordia disaster. The 114,500-tonne Costa Fascinosa, built by state-owned shipyard Fincantieri, has space for 3,500 passengers. An even ...
- Carnival tries to make amends as cruise ship is tugged back to shore (Category: USA, California)
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- 22 Carnival Splendor cruise ship passengers robbed in Mexico (Category: USA, California)
- Carnival extends cruise cancellations through March (Category: USA, Iowa)
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