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The Perceived Economic Opportunity Index (PEOI) picked up a bit in August after its steep fall in July to one of its lowest values in the last 12 months. Index compiler the Foundation for Economic Freedom in Sri Lanka (FEFSL) said it was significant that the PEOI is still languishing in the ‘relatively pessimistic’ territory ...
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 ...
I am delighted to write my centenary ‘Humane Results’ column. It was indeed a challenging task to write on a weekly basis despite my personal and professional commitments. I must confess that I never felt writing as a torture but always as a treasure. Being here or overseas, being well or ill did not deter ...
LONDON (Reuters): Britain’s budget deficit widened to the biggest on record for any August, data showed on Friday, a day after the central bank chief said missing its debt goal was acceptable for the government. Public sector net borrowing excluding financial sector interventions rose to 14.410 billion pounds from 14.365 billion in August 2011 as ...
A reader of the previous week’s My View titled ‘SL’s future: Convert the simple economy into a high-tech based complex economy’ has taken up an important issue with this writer via email. He has said that it is unlikely that Sri Lanka could have a complex production structure in the country because Sri Lanka lacks ...
and alumnus of Oxford University and London School of Economics attached ...
The Ministry of Economic Development together with other relevant ministries and institutions has initiated a program to revive the textile industry of Sri Lanka along with the apparel industry. Earlier Sri Lanka had well developed textile industry consisting handlooms. Powerlooms, fabric and cotton industries. But all these sectors were closed down after Sri Lanka introduced ...
Reuters: Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth. The HSBC Flash China manufacturing purchasing managers’ index (PMI) showed activity stabilized in September after ...
Jack Welch, Chairman and CEO of the US giant General Electric or GE from 1981 to 2001, has offered his experiences as a fool-proof survival kit which anyone – people, companies or nations – could use if they wish to be winners in a hostile competitive world. Jack Welch: Produce what others cannot copy In ...
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
The Sri Lanka Institute of Marketing (SLIM) recently donated books in marketing to the Jaffna University, with the objective of supporting marketing education at the university. The books donated covered topics such as marketing an introduction, consumer behaviour, economics, economic
A thousand children moving upward and onward, embracing entrepreneurship to win the future – this is what participant children in the Future First program are experiencing. The program is a collaborative venture between Young Entrepreneurs Sri Lanka (YESL) and HSBC targeting 1,000 less affluent children from schools and centres catering to disadvantaged communities. Future First ...
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Standing tall at six feet 10 inches, and surging towards stardom with Seylan Bank is Sri Lankan netball skipper Tharjini Sivalingam – the world’s tallest netballer, and considered the best player within the Asian Netballing Circuit. Swift in spotting and supporting local sporting talent, the Lankan netball queen is presently employed at Seylan Bank in ...
As opposed to a 10-place jump in the previous year, Sri Lanka has suffered a 16-place relegation in the latest Global Competitiveness Rankings list released by the influential World Economic Forum (WEF) yesterday. Sri Lanka’s rank of 68th place out of 144 countries surveyed from 52nd place in the previous year was despite the overall ...
Microsoft cloud and Office 365 are buzz words which have spread across industries like wildfire since their launch event which was held at the end of July 2012 at Waters Edge during the Annual Microsoft Partner Conference. Cloud computing is the use of computing resources (hardware and software) that are delivered as a service over ...
UNP MP and its key spokesman on economic affairs Harsha de Silva was the only politician from over 20 countries invited to speak at a recently-concluded global conference on impact and policy. At the forum he proposed that the impact of dynamically disseminating relevant information on elected officals among the public using mobile phones be ...
Eric Salama – CEO of Kantar is scheduled to meet with local business leaders, hosted by LMRB, a fully owned subsidiary of the Kantar group on Tuesday 4th September, 2012 at The Earl’s Court, Cinnamon Lakeside, Colombo. Kantar, WPP’s information, insight and consulting division Group UK, is engaged in providing insight and consultancy services around ...
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 ...
CEO of Kantar Eric Salama is scheduled to meet with local business leaders, hosted by LMRB, a fully-owned subsidiary of the Kantar Group, on Tuesday 4 September 2012 at The Earl’s Court, Cinnamon Lakeside, Colombo. Kantar, WPP’s information, insight and consulting division Group UK, is engaged in providing insight and consultancy services around the world ...
The Perceived Economic Opportunity Index (PEOI) declined sharply in July to one of its lowest values in the last twelve months having plateaued after the rise following the previous drop precipitated by the Valentine season price increases. The Index compiler, the Foundation for Economic Freedom in Sri Lanka (FEFSL), said in the background of the ...
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
Foreigners most bullish with net buying up 20% or Rs. 5 b; Market’s value up by Rs. 48 b between 20 July and 24 Aug. Despite original reservations by some that President Mahinda Rajapaksa shouldn’t have met with capital market stakeholders, the Colombo stock market has proved otherwise, with the most bullish being foreign investors. ...
Three top Japanese executives who are working in Sri Lanka will share some of their insights to Japanese style of management at the seminar organised by the JASTECA Institute of Management (JIM) on Monday, 27 August from 9 a.m. at the Crystal Ballroom at the Taj Samudra Hotel. The trio will figure in a panel ...
Reuters: China’s factories contracted in August the most in nine months according to a survey showing falling export orders and rising inventories, signs that more policy action is probably needed to stop a slowdown in economic growth now in a seventh quarter. The HSBC Flash China manufacturing purchasing managers index (PMI) fell to 47.8 in ...
SINGAPORE, (Reuters): Asia’s crude imports from Iran are set to recover in September to levels reached before a July 1 insurance ban by the European Union plunged trade with the Islamic Republic into uncertainty not seen in decades. Top Asian buyers — China, India, Japan and South Korea together take more than half of Iran’s ...
Capital expenditure on education in the country has continuously decreased since 1980, especially after 2000, alleges a leading senior lecturer in economics attached to the Sri Jayewardenepura University - Dr. Chandrakumara Pathirage who points out that this has led to a number of serious issues
Fitch examines financing alternatives to the current predominant international borrowingsBy Cassandra Mascarenhas Discussing new investment opportunities and financing structures for Sri Lankan private sector entities to enter the current government dominated infrastructure financing in the country, Fitch Ratings Lanka hosted a seminar titled ‘Fitch Perspectives’ last week, featuring F...
WASHINGTON (Reuters): A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed US recovery still faces an uphill climb. Other data on Thursday gave mixed signals about the strength of an incipient housing recovery, with groundbreaking on new ...
By Edward Hadas It is circa 1900. A young girl from a simple fishing village has been sold as a ’practice wife’ to the Bendoro, or local lord. When the Bendoro tires of her and expels her from his house, the girl retires from his presence the way peasants are supposed to: backwards, and on ...