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Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
Strategic investments from high-growth economies such as India and China are propelling Sri Lanka into an important emerging Indian Ocean economy, opined Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath B. Wickrama.
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 ...
Sri Lanka’s banking industry reflects a “very high risk” assessment of economic resilience and credit risk in the economy, and a “high risk” assessment of economic imbalances, says the Standards and Poor’s. The Rating agency in its latest Banking Industry Country Risk Assessment, assigned Sri Lanka’s Banking sectors economic risk score of ‘8’ and an industry ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
| by Dr Laksiri Fernando ( May 03, 2012, Sydney, Sri Lanka Guardian) I am here not talking about Karen Connelly’s popular love story by the name of ‘Burmese Lessons,’ but rather Aung San Suu Kyi’s entry into Parliament yesterday as the leader of the opposition in Myanmar (or Burma) with 42 other members who were elected early April in a by-election from the National League for Democracy (NLD). Th...
Nivard Cabraal and subsequently showcased by politicians the sad reality of the economy of Sri Lanka ha...
In the meantime, employees who were killed in the Central Bank bombing are being commemorated. 41 Bank employees died in this attack.The commemoration took place at 10.49 a.m. the time in which the suicide attack took place. The commemoration was held under the patronage of Central Bank Governor Ajith Nivard Cabral. The Governor unveiled a ...
Jan 31, Colombo: Sri Lanka Opposition Leader Ranil Wickremasinghe says that the International Monetary Fund has rejected to release the last tranche of the IMF stand-by arrangement since the government failed to maintain the stability of the economy.
The World Bank, painting a bleak picture of the global economy, says Sri Lanka's post-conflict economic rebound is waning and the country is vulnerable to risks associated with falling exports, declin .....
Highlights include resettlement, Economic development newsWASHINGTON: Sri Lanka’s Ambassador to the United States and Mexico Jaliya Wickramasuriya, is featured on a new webcast produced by the Embassy of Sri Lanka. During the webcast, Ambassador Wickramasuriya discusses post-conflict resettlement, reconciliation and development in Sri Lanka. He calls on members of the Sri Lankan community in...
By Jude Fernando Another humiliating defeat for the United National Party (UNP) and the Janatha Vimukthi Peramuna (JVP) in the forthcoming elections would certainly improve the country’s future prospects for democracy with equality and justice. A UPFA victory could be celebrated with a sense cautious optimism: perhaps it will enable the evolution of a democratic ...
Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...
IMF Resident Representative Dr. Koshy Mathai made an interesting observation at a seminar in Colombo the other day. He said that the price of milk here was the same as in the USA. In effect Third World Sri Lankans are paying First World American or US prices for their milk (whether it be powdered or ...
By Ashwin Hemmathagama National Insurance Trust Fund (NITF) was created by an Act of Parliament in the year 2006. A subsequent amendment, No 28 of 2007 has empowered NITF to accept compulsory reinsurance cession from local insurance companies. NITF has fixed the compulsory cession at 20% of the general insurance programmes of all insurance companies ...
President Rajapaksa will address the Oxford Union tomorrow. The President left for the United Kingdom on a special invitation from the Oxford University. He is due to address the Oxford Union for the second time tomorrow. President Rajapaksa addressed the Oxford Union earlier in 2008, at an invitation extended from the Sri Lanka Society at ...
of his address was “Strategy towards Empowering the Rural Economy of Sri Lanka.” President Rajapaksa ...
President Rajapaksa has arrived in London. He has undertaken the visit at the invitation of the Oxford University. The President reached London early this morning, Sri Lanka time. He is due to address the Oxford Union for the second time on Thursday the 2nd. In 2008 President Rajapaksa addressed the Oxford Union at its invitation ...
President Rajapaksa has left for London on a three-day official visit. President Rajapaksa had been invited by the Oxford Union and the Sri Lanka Society of Oxford University. He is due to address the Oxford Union on the 2nd of next month. The President is expected to speak on the defeat of terrorism and Sri ...
By Dr.Laksiri Fernando (Text of DA Rajapaksa Memorial Address) National development is not merely about the economy but the economy is central. It entails economic, social, political, cultural and even moral aspects. The contribution of the North and the East during the last three decades or so was hampered in all these spheres by the separatist and the terrorist war. It is nece...
According to reports, CSE’s Chief Executive Surekha Sellahewa has said that liquidity in the market would be increased by broadening the investor base, increasing listed companies, improving market structure and introducing more asset classes to trade. The Chief Executive was unavailable for comment upon being contacted by the Sunday Leader. However, experts believe that such ...
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