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A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
- The ability to save (Category: Business)
- Of Confidence Tricksters and Ponzi Schemes (Category: Breaking News)
- Pyramid schemes galore in rural areas where financial literacy is low– Police spokesman (Category: Breaking News)
- Need To Restrain The Power Of Shadow Finance (Category: Breaking News)
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
A historic battle took place in the Kande Uda Rata Rajadhaniya, in the course of one of the many invasions by the Western colonial powers who once occupied what was known as the Maritime Provinces of Lanka, at the site of the ford at Wagolla village, a crossing point of the Mahaweli river on one ...
- The Kandy vs. Navy rivalry to reach tipping point today (Category: Business)
- Vintage cars beauties to behold (Category: Business)
- Clifford cup stays in Kandy (Category: Business)
London, United Kingdom; Olympic photographs of past performances are projected onto the Palace of Westminster with Big Ben (right) on the bank of the River Thames in the City of Westminster during the 2012 London Olympics. Rob Schumacher-USA TODAY Sports/ Reuters
Reuters: Chinese President Hu Jintao on Thursday offered $20 billion in loans to African countries over the next three years, boosting a relationship that has been criticised by the West and given Beijing growing access to the resource-rich continent. The loans offered were double the amount China pledged for the previous three-year period in 2009 ...
- China aims to rewrite perceptions on Africa investment push: Envoy (Category: Business)
- Can China bring stability to conflict-ridden states? (Category: Breaking News)
- China rounds off push for bigger IMF war chest (Category: Business)
- China, India score with untied aid (Category: Business)
Key insights to exploring opportunities for enhancing business performance will be shared during a breakfast session on 13 July from 8a.m. to 10.30a.m. at Cinnamon Lakeside. Organised by Experform, the breakfast forum will have past CIMA Global President Aubrey Joachim as keynote speaker and author and Penco Managing Director Alireza Sarraf as the solutions expert. ...
- New program offers breakfast in L.A. classrooms (Category: USA, California)
- Cinnamon Lakeside-McQuire breakfast meeting a success (Category: Business)
- McQuire Rens, Cinnamon Lakeside ‘The Breakfast Meeting’ today (Category: Business)
- Cargills launches South African Bokomo Breakfast cereals (Category: Business)
Reuters: Romney or Obama? Republican or Democrat? The U.S. presidential election may inflame voter passions, but based on past experience, whoever wins the world’s most powerful elected office isn’t likely to move the dollar. The U.S. dollar’s performance over the past 40 years shows little relation to the party holding the presidency and more to ...
- Asian shares fall on fears over Europe fund tightness (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Gold firms on China inflation spike, US jobs data (Category: Business)
- US economic fix could take years: Obama (Category: Business)
The 5th consecutive Nations Trust American Express Golf Extravaganza concluded at the Royal Colombo Golf Club recently with the participation of 230 players. A major portion of the participants were customers of Nations Trust Bank and American Express Card members. This event is held annually with the objective of interacting and enhancing customer relationships across ...
- A Chance to visit Universal Studios Singapore with American Express! (Category: Business)
- Win big with American Express at Keells Super (Category: Business)
- American Express extends ‘Big Wins’ offer (Category: Business)
- American Express card members walk away with Rs. 25,000 daily! (Category: Business)
Government’s commitment: Will improve state enterprises The Annual Report of the Ministry of Finance and Planning for 2011, just released, has, among many others, one important positive message for the nation. It has reiterated the Government’s commitment, as it had done earlier too, to improving the performance of what it calls State Owned Business Enterprises ...
- Taming the ‘monsters’ (Category: Business)
- Electrifying losses (Category: Business)
- C-Suits focus on implementing Enterprise Risk Management on enterprise-wide (Category: Business)
- Sajith slams Expropriation Bill (Category: Business)
The Securities Exchange Commission has introduced some new rules to curb a repeat of the type of wrongful practice that seems to have prevailed in the NSB purchase of shares in the Finance Company. It must be stated at the outset that rules for public institutions should be rigorous because they are owned by the ...
- Enforcement and not new rules is what is required to clean stock market (Category: Business)
- High net worth traders who are insiders create market volatility (Category: Breaking News)
- Backlash at Bourse: Rs. 40 b in value lost after SEC new rules (Category: Business)
- Insider trading: Is it rampant, cause for market’s ill or mere paranoia? (Category: Business)
CHENNAI (TrustLaw): Indian villager Jaya places the bright pink, sequined, moulded C-cupped designer bra under the needle of her sewing machine and carefully stitches the seams together. The padded “Very Sexy” push-up bra which 22-year-old Jaya sews is for American lingerie retailer Victoria’s Secret – designed to give a “boost” to buyers in hundreds of ...
- Kate Moss and Lara Stone strip for Pirelli calendar (Category: Business)
- D’Divas brings haute couture to Cambridge (Category: Business)
- Leaders unequal - Women in South Asia (Category: Business)
- Women’s political participation must be accelerated through quotas (Category: Business)
DETROIT (Reuters): Major automakers will launch new models through 2016 in the United States at a faster pace than in the last two decades, according to a Bank of America Merrill Lynch report. New models draw more traffic to showrooms, which can boost a company’s market share, profit and stock price. Automakers are expanding their ...
- Honda needs new Accord to be a hit in US (Category: Business)
- Toyota plans eight compacts for emerging markets (Category: Business)
- Most Americans not open to buying cars from India, China: Study (Category: Business)
- Toyota looks to regain momentum with new Camry (Category: Business)
Reuters: Asian shares fell for a second successive day on Friday as another batch of lacklustre U.S. data stoked concerns that the recovery in the world’s biggest economy is faltering. The euro was steady after a bumpy session on Thursday, when European Central Bank chief Mario Draghi gave a more upbeat assessment of the region’s ...
- Rs. 1,020 m profit by LECO (Category: Breaking News)
- Buffett builds $ 10.7 b stake in IBM (Category: Business)
- Bourse down on retail selling, liquidity concerns (Category: Business)
- Fresh bids ordered for sale of 3 Ceylinco companies (Category: Breaking News)
LONDON (Reuters): The dollar fell to a two-month low against a basket of currencies on Monday, weighed down after modest first quarter growth in the US economy kept alive chances of further monetary easing by the Federal Reserve. The dollar is likely to come under more pressure if data, including US jobs numbers, this week ...
- Ben's Paper (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Yen firms against dollar and euro in Asian trade (Category: Business)
- Dollar bounces back on US manufacturing surprise (Category: Business)
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...
- US employment gains slow, jobless rate drops (Category: Business)
- China gets red alert to avoid Japanification as consumer price drops drag inflation to lowest le... (Category: Breaking News)
- Inflation drops further in November, says CB (Category: Business)
- Sri Lanka’s demand for legal booze drops by 30 percent (Category: Breaking News)
In the past a dreamer was viewed as insane, whereas especially after the world renowned Martin Luther King, Jr. people have realised that it is no longer holds true. Today the ability to win the world lies on the power of dreaming and it is very important that although we may be tempted to deviate from our dream ...
- 26th National CA Students’ Conference on 4 April (Category: Business)
- CA Sri Lanka’s Vindya Cooray brings honour to Sri Lanka (Category: Business)
- ‘Gurunena’ program by CA Sri Lanka enlightens teachers (Category: Business)
- CA Sri Lanka to explore mechanisms for beyond budgeting (Category: Business)
REUTERS: Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the eurozone sovereign debt crisis or sharp escalation in oil prices on geopolitical uncertainty could disrupt a world ...
- IMF sees risks to global growth, calls for collective action (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
Importers secure increase in age limit for cars and commercial vehicles; higher duty to stay President Mahinda Rajapaksa yesterday stepped up the accelerator for re-conditioned vehicles agreeing to revise the recently imposed age limit rules at a meeting with importers. Responding to pleas by motorists as well as Vehicle Importers Association, the President has agreed ...
- Reconditioned vehicle import rule reversed (Category: Breaking News)
- Restrictions on reconditioned vehicle imports relaxed (Category: Breaking News)
- Vehicle Importers Lament Tax Increase (Category: Breaking News)
HSBC’s Big Deal Lifestyle fair, recently held at the BMICH has reportedly attracted over 17,000 visitors over three consecutive days. The lifestyle fair that catered to a wide audience, offered great discounts on various products by leading merchants along with products new to the market at very affordable prices, making it a one stop shop ...
- Biggest lifestyle fair opens today at BMICH (Category: Business)
- Affordable loans to meet lifestyle needs from HSBC (Category: Business)
- HSBC launches new Lifestyle Loan (Category: Business)
- HSBC launches fresh offer of privileges (Category: Business)
The 26th CA Students’ National Conference organised by the Practicing Accountants Chartered Students’ Society (PACSS), the student body of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), will be held on 4 April at the Hotel Galadari – Grand Ballroom. This year’s conference will focus on the theme ‘Dream… Focus… Excel…’ which...
- 26th National CA Students’ Conference concludes on a high note (Category: Business)
- CA Sri Lanka’s Vindya Cooray brings honour to Sri Lanka (Category: Business)
- CA Sri Lanka launches scholarship scheme for 2012 (Category: Business)
- CA Sri Lanka’s annual convocation today (Category: Business)
SINGAPORE (Reuters): Asian equities hit a one-week high on Tuesday, holding firm in the wake of recent signs of improvement in the U.S. economy, while the yen rose after the Bank of Japan kept monetary policy steady. The BOJ, which surprisingly eased policy last month, kept interest rates unchanged at a range of zero to ...
- Japan economy shrinks more than expected in Q4, weak exports weigh (Category: Business)
- BOJ’s Shirakawa hopes intervention stabilises FX (Category: Business)
- Bank of Japan easing lifts shares (Category: Business)
- Japan corporate mood up despite yen worry (Category: Business)
Abans Finance Plc was recognised by the Institute of Chartered Accountants of Sri Lanka at the Annual Report Awards ceremony – 2011 held in December 2011. The company was awarded a ‘Certificate of Compliance’ in the Finance Companies sector for its Annual Report 2010/11. Abans Finance Plc, a member of the Abans Group of Companies, ...
- President gets Finance Ministry Annual Report (Category: Breaking News)
- Abans Finance becomes first RFC to move into Kandy City Centre (Category: Business)
- Renuka Holdings posts Rs. 373 Mn for 2009/2010 (Category: Breaking News)
Charith Senanayake new manager for Aussie tour COLOMBO (Reuters): Sri Lanka have sacked coach Geoff Marsh and appointed South African Graham Ford on a two-year contract, a Sri Lanka cricket official said on Thursday. “Ford has signed a two-year contract and his first assignment is to take the team to Australia for the Commonwealth Bank ...
- Sri Lanka axes Marsh (Category: Breaking News)
- Sri Lanka 'appoint Ford as coach' (Category: Breaking News)
- Graham Ford new coach (Category: Breaking News)
- Ford named Sri Lanka coach (Category: Breaking News)
By Devin Jayasundara CIMA (The Chartered Institute of Management Accountants) Sri Lanka Division inducted its Board for the year 2012 at the Cinnamon Grand on 4 January. Union Assurance PLC (UA) CEO Dirk Pereira was elected as CIMA Sri Lanka Board Chairman, whilst Reyaz Mihular – Partner – Head of Advisory Services of KPMG Ford ...
- CIMA induction (Category: Business)
- New Ex-Co For CIMA Toastmasters’ Club (Category: Business)
- CIMA Corporate Partners 2011 (Category: Breaking News)
- Five new directors appointed to Asian Alliance Insurance Board (Category: Business)
The Asian Motor Racing Club which has the best of Formula drivers in the country will be in action representing the McLarens team at the forthcoming Colombo Night Races scheduled for 16-17 December. The club will have three teams for all categories in Formula Ford 1600cc (Post 85), Formula Ford 1600cc (Pre 85) and Formula ...
- McLarens Formula the most competitive event at Colombo Night Races 2011 (Category: Business)
- AMRC Formula Championship round two on 1 April (Category: Business)
- AMRC Championship round four to present top racing on 1 July (Category: Business)
- Dinesh, Praveen and Tharindu shine in Pannala (Category: Business)
Reuters: Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief Asia ...
- Asia’s economy heading for “yo-yo” year in 2012 (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- Video: Cellist Yo-Yo Ma leads students in arts workshop (Category: USA, California)
- Man accused of molesting boy in Sacramento 'strongly believed' to have abused other yo... (Category: USA, California)
SINGAPORE (Reuters): Asia’s economic growth looks set to stumble over the next few months, prompting a flurry of interest rate cuts and a spike in stimulus spending that may ultimately pave the way for a strong recovery in the second half of 2012. “The catch-phrase for 2012 is the Asia yo-yo,” said Rob Subbaraman, chief ...
- Asia’s economy heading for ‘yo-yo’ year in 2012 (Category: Business)
- Rupee on a yo-yo! (Category: Business)
- Video: Cellist Yo-Yo Ma leads students in arts workshop (Category: USA, California)
- Man accused of molesting boy in Sacramento 'strongly believed' to have abused other yo... (Category: USA, California)
What do nation states do when their politicians ruin their economies by serial lying to the voters, running up huge domestic and international financial deficits, uncontrolled corruption, cannot keep interest rates at reasonable rates, cannot control inflation nor hold the exchange rate steady and run the country on an unsustainable basis, depending on what has ...
- Inept’ocracy (Category: Business)
- Mario Monti named to head new Italy government (Category: Business)
- Asia stocks rise on hopes of progress in Europe (Category: Business)
WASHINGTON (Reuters): President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry. As Germany and France scramble to tighten budget controls across the euro zone, European Council President Herman Van Rompuy and European Commission President ...
- IMF seeks more funds; G20 to discuss (Category: Business)
- Europe vows closer union at G20 summit (Category: Business)
- US economy gaining strength (Category: Business)
- Collapse of the EU: Debt and more debt (Category: Business)
The first ever Islamic Finance Country Report in Sri Lanka was launched by KPMG Ford, Rhodes, Thornton and Co. in collaboration with the Research Intelligence Unit. The publication titled ‘Islamic Finance Country Report – Window of opportunity in Sri Lanka’ provides insight into the demographics of the Islamic finance market and an in-depth analysis of ...
- Amana Bank globally honoured as ‘Best Islamic Bank in Sri Lanka’ (Category: Business)
- Amana Bank Lead Strategic Partner for IFN Roadshow Sri Lanka (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Complementary Laws Needed To Grow Islamic Finance (Category: Breaking News)
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