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BRUSSELS (Reuters): Euro zone economic sentiment defied expectations of stabilisation and again fell sharply in September, underlining the economic gloom brought on by the sovereign debt crisis as the euro zone sinks into a recession. The European Commission’s monthly economic sentiment survey showed the index for the 17 countries sharing the euro falling to 85 ...

- www.ft.lk - Category : Business - Relavancy : 3.635143

The three-day Eisenhower Foundation South Asia Conference 2012 kicked off on Thursday in Colombo under the theme ‘South Asia on the move: Achieving its full potential in the 21st century.” Here a vocal Eisenhower Fellow UNP MP Dr. Harsha de Silva in conversation with new US Ambassador Michele Sison with an apparent gesture that the ...

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- www.ft.lk - Category : Business - Relavancy : 0.124647334

Reuters: The Central Bank lowered its 2012 economic growth estimate to 6.8% from an earlier 7.2%, blaming the drought for the second downward revision this year, Governor Ajith Nivard Cabraal said on Thursday. “Right now our view is there will be reduction in growth from the earlier estimated 7.2%. Drought has been a factor and ...

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- www.ft.lk - Category : Business - Relavancy : 0.10387278

Five youth, from Anamaduwa, Anuradhapura, Kandy, Puttalam and Matara, respectively, were recently appointed Elephant House Ice Cream dealers for their respective communities. These young people, who have become self-employed due to assistance provided by Elephant House, will now be operating Elephant House-branded mini ice cream trucks in their home locales. An initiative to help improve ...

- www.ft.lk - Category : Business - Relavancy : 0.15266119

Reuters: China severely underestimated this year’s global economic slowdown and further cuts to Chinese interest rates or bank reserve requirements hinge on any new deterioration in the external environment, a central bank adviser said on Thursday. Chen Yulu, a professor at China’s Renmin University and an academic adviser to the monetary policy committee of the ...

- www.ft.lk - Category : Business - Relavancy : 0.08995646

Countries have achieved sustained growth and development by adopting a range of approaches. Successful outcomes have come from policies varying from state capitalism to those based on market-driven private sector-oriented models. A high premium needs to be attached to the pursuit of pragmatic policies that are appropriate for country-specific conditions at a given point in ...

- tradingeconomics.com - Category : Business - Relavancy : 0.25195605

measures changes in output for the industrial sector of the economy which includes manufacturing, mini...

- ceylontoday.lk - Category : Business - Relavancy : 0.4409231

Honda Motor Co. Ltd is confident of capturing 50% of the motor cycle market in Sri Lanka from the current 25%, banking on the growing Sri Lankan economy.

- www.ft.lk - Category : Business - Relavancy : 0.062323667

Reuters: The race for president focused squarely on the battle for working-class votes on Wednesday, as Republican Mitt Romney scrambled to make up ground on Democratic President Barack Obama in the crucial battleground state of Ohio. On a day when the rivals held dueling events across the state, Romney mixed empathy for the unemployed – ...

- www.ft.lk - Category : Business - Relavancy : 0.05193639

In biggest-ever industry deal, Asian insurance giant AIA enters Sri Lanka with $ 109 m investment to buy 92.3% stake in Aviva NDB Insurance Says timing is perfect as post-war rebounding Sri Lanka offers high growth opportunity; AIA’s first acquisition in two years after rigorous assessment Enters into 20-year bancassurance deal with NDB Marking the ...

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 ‘SLT Intelligent Solutions’ connects the T20 to the world   Sri Lanka Telecom, the nation’s number one integrated communications service provider and the leading backbone infrastructure services provider, is proud to empower the ICC World Twenty20 Championship 2012 through ‘SLT Intelligent Solutions’, providing dedicated internet through Ethernet connectivi...

- www.ft.lk - Category : Business - Relavancy : 0.05193639

Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...

- www.ft.lk - Category : Business - Relavancy : 0.041549113

The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...

- www.ft.lk - Category : Business - Relavancy : 0.062323667

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,” ...

- www.ft.lk - Category : Business - Relavancy : 0.083098225

The Commercial hub of the island, Colombo has recently drawn a great deal of positive attention from Standard Chartered. The bank’s regional teams, impressed with Sri Lanka’s recent economic progress and development in business, have recognised the city as an ideal venue to host global conferences. In the next few months the local branch office ...

- www.ft.lk - Category : Business - Relavancy : 0.1028288

The Consulate General of Sri Lanka Dubai M.M. Abdul Raheem visited Hamriyah Free Zone Authority this week and met with Director General Dr. Rashid Alleem to strengthen bilateral business association and investment promotion between the two countries. During his meeting Raheem highlighted the investment potential and business environment for Sri Lankan business community. Sri Lanka ...

- www.ft.lk - Category : Business - Relavancy : 0.083098225

Reuters: Banks are getting round new rules intended to make a still vulnerable industry safer while countries are distracted by the continuing financial crisis, the International Monetary Fund said on Tuesday. The IMF’s latest Global Financial Stability Report said banks will adjust to new costs from tougher regulation to curb excessive risk taking, with deep-pocketed ...

- www.ft.lk - Category : Business - Relavancy : 0.31494504

Cathay Pacific Airways will celebrate 19 years of service in Sri Lanka on 1 October with a series of promotions to a host of exciting destinations in the region. These special promotional Economy Class fares will be issued between 1 and 5 October to the following destinations; Bangkok, Singapore

- www.ft.lk - Category : Business - Relavancy : 0.07344915

UNITED NATIONS(Reuters): President Barack Obama will say on Tuesday the United States will “do what we must” to prevent Iran from acquiring a nuclear weapon as UN Secretary-General Ban Ki-moon warned against threatening attacks whose consequences would be devastating. Preparing to take the podium at the United Nations six weeks before the US presidential election, ...

- www.ft.lk - Category : Business - Relavancy : 0.05193639

East London recently received a boost as five ICT firms announced plans to expand their operations in Tech City, Europe’s fastest-growing digital hub. Milton Keynes, Sheffield and Ulster will also benefit from multi-million pound international business deals announced at the Global Business Summit on ICT, organised by UK Trade & Investment (UKTI) during the Olympic ...

- www.ft.lk - Category : Business - Relavancy : 0.08995646

Reuters: Chinese university teacher Zhu Haibin wept softly as she and other Communist Party cadres stood in rows before a mass grave of Communist fighters in southern China. Ignoring light drizzle, the group listened to a party instructor tell the story of Zhang Longxiu, a “hero mother” from the early days of China’s Communist revolution ...

- www.ft.lk - Category : Business - Relavancy : 0.072710946

HS Marketing (Pvt.) Ltd., a subsidiary of Sri Lanka’s leading menswear specialist Hameedia recently launched the largest ever store dedicated to its popular brand Signature in the bustling town of Piliyandala. Situated next to the main Piliyandala bus stand in the heart of the town, this 3000 sq ft Signature Store is a dedicated and ...

- www.ft.lk - Category : Business - Relavancy : 0.31494504

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

- www.ft.lk - Category : Business - Relavancy : 0.062323667

Globe Mirror Industries (GMI), the first tempering plant to be established in Sri Lanka in 1969 has been awarded ISO 9001:2008 certification, a clear indication of its growth and credibility in terms of maintaining a high standard of quality throughout the years. GMI was started by late Mohammed Nawaz and has since grown to be ...

- www.ft.lk - Category : Business - Relavancy : 0.37793407

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

- www.ft.lk - Category : Business - Relavancy : 0.10387278

Reuters: Asian shares edged lower on Tuesday after Germany’s business confidence fell in September for a fifth consecutive month and Caterpillar Inc (CAT.N), the world’s largest earth moving equipment maker, cut its earnings forecast, underscoring worries about slowing global growth. Uncertainty about the bailout prospects for Greece and Spain, as the euro zone’s three-year-long ...

- www.ft.lk - Category : Business - Relavancy : 0.07196517

Mobitel, the country’s state owned mobile communication company intends to play a key role in national information and communication technology (ICT) transformation. It is going through an organisational revitalisation process in order to gear up to make a greater contribution towards national transformation led by President Mahinda Rajapaksa. Under its ‘Change to Lead.Now’ organ...

- www.ft.lk - Category : Business - Relavancy : 0.072710946

Sri Lankan plantation industry veteran Dan Seevaratnam was awarded the Life Time Achievement Award at The Asia Pacific HRM Congress, one of the most prestigious human resource summits in the world held in Bangalore, India, last week. The award marks a significant achievement for the local plantation sector which is a people intense industry, being ...

- www.ft.lk - Category : Business - Relavancy : 0.062323667

Recording a year-on-year sales volume growth of 400% in the current financial year and targeting a further 100% growth in the year ahead, Carmart, the sole distributor in Sri Lanka for Peugeot, has created a strong niche in the market and is poised for aggressive expansion in the coming year with an extremely diversified product ...

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