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Reuters: Sri Lanka’s central bank expects the steps it has taken to reverse a currency decline to drive the rupee past 125 to the US dollar, but it is not targeting a particular level, Central Bank Governor Ajith Nivard Cabraal said on Tuesday. The rupee is hovering around 129-130 despite a warning from the authorities ...
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Can and will sustain rupee defence: CB Chief (Category: Business)
- CB says no need for FX intervention (Category: Business)
- Sri Lanka affirms flexible FX policy, but will intervene if needed (Category: Business)
With a view to strengthening regional financial and economic cooperation, Governor of Reserve Bank of India Dr. D. Subbarao on 16 May announced in the 24th SAARC FINANCE Governors’ Meeting in Pokhara, Nepal, that the Reserve Bank of India will offer Swap Arrangement of US $ 2 billion both in foreign currency and Indian rupee. ...
- Sri Lanka to benefit from Reserve Bank of India Swap Arrangement of US$ 2 billion (Category: Breaking News)
- RBI extends duration of USD 400 Mn currency swap for CBSL (Category: Breaking News)
- Colombo hosts inaugural SAARC ‘Public Debt Managers’ Forum 2012’ (Category: Business)
- Sri Lanka agrees to help set up south Asian seed bank (Category: Business)
Reuters: Markets recovered some ground on Monday on value hunting after last week’s heavy losses, but investors remained wary over the euro zone despite world leaders pledging calling for Greece to stay in the monetary union and for Europe to balance austerity with growth. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, ...
- Asia shares fall steeply on worries over Spain banks, growth (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Asian shares rise, investors see brighter US economy (Category: Business)
- Asian markets rise on Greece bailout hopes, solid US data (Category: Business)
Being smart makes you confident. Being “deep-smart” makes you to move beyond in unleashing the hidden potential. We are in an era where the country needs many such people. Let’s discover what, why and how of “deep-smarts” in today’s column. Describing smartness We say working smart is better than working hard. Among the Oxford ...
- Showroom smarts (Category: USA, Illinois)
- The June Oven adds more cooking modes and fresh smarts for 2021 - CNET (Category: Technology)
- The June Oven adds more cooking modes and fresh smarts for 2021 - CNET (Category: Technology)
- The June Oven adds more cooking modes and fresh smarts for 2021 - CNET (Category: Technology)
Home is where the heart is. And for every child, a home is a place where there is comfort, protection and warmth, and love and care of a family. We all remember days when our dads would carry us out on their shoulders for an ice-cream, when we fought with our brothers and sisters over ...
- 12 SOS families in Jaffna to become 6th SOS Children’s Village (Category: Business)
- SOS Wonder Village at One Galle Face Mall (Category: Breaking News)
- A loving home for every child with SOS Children’s Villages Sri Lanka (Category: Business)
- Expolanka commemorates World Health Day with SOS Children’s Village (Category: Business)
The Pathfinder Foundation is organising the second series of seminars, beginning with ‘Billions of Entrepreneurs; How China and India are Reshaping their Futures and Yours’. The seminar, organised in collaboration with the Ceylon Chamber of Commerce using video conference facility of the American Centre, is scheduled for 22 May from 6.3p.m. to 8:30p.m. The ...
- Harvard lays bare Sri Lanka newspaper's distorted reporting (Category: Breaking News)
- Billions Of Entrepreneurs; How China And India Are Reshaping Their Futures And Ours (Category: Breaking News)
- Billions Of Entrepreneurs; How China And India Are Reshaping Their Futures And Ours (Category: Breaking News)
- How putting particles in the stratosphere might just slow global warming video - CNET (Category: Technology)
Reuters: The euro hovered near four-month lows and European shares extended their losing streak on Thursday, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies. News that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, ...
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
- Euro zone Oct inflation at 3 pct despite cooler growth (Category: Business)
- European stocks rise ahead of ECB meeting (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
To strive in the corporate world the entity must be the best in its game. Progression towards being the better business requires effectiveness in all areas. Improvement, growth, development, advancement, no matter how you choose to define it, the effective entity must always be open to change through a positive mindset: establishing the power of ...
- CIMA responds to global consultation on integrated reporting (Category: Business)
- Senate approves broad COVID-19 liability shield for Indiana businesses (Category: USA, Indiana)
- Senate approves broad COVID-19 liability shield for Indiana businesses (Category: USA, Indiana)
- Lankem Developments goes for new focus; name (Category: Business)
The UNESCAP recently released its publication, ‘The Economic and Social Survey of Asia and the Pacific 2012 – Pursuing Shared Prosperity in an Era of Turbulence and High Commodity Prices,’ and the global launch took place simultaneously in all ESCAP member countries on 10 May. Speaking at the launch in Bangkok, the Executive Secretary of ...
- Asia Pacific trade and investment (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
- ‘Growing Together’: The ‘Asia Pacific century’ (Category: Business)
Sri Lanka Cricket says it will stage its own Twenty20 cricket league in August, more than a year after it was postponed due to possible losses due to a pull out of Indian players. The first edition of Sri Lanka Premier League was originally scheduled to be played in July last year. SLC president Upali ...
- Sri Lanka Cricket will not benefit from being tough - BCCI (Category: Breaking News)
- Lankan officials to meet BCCI on Sri Lanka Premier League (Category: Breaking News)
- Sri Lanka T20 league set to be launched in August (Category: Breaking News)
- Sri Lanka minister’s request Colombo: (Category: Breaking News)
Noting that the NSB-TFC deal is peanuts, the main Opposition UNP yesterday declared that the bigger problem was questionable investments by the EPF and demanded immediate answers from a 'dodgy' Government. Following is the full text of the statement issued yesterday by UNP MP and its spokesman on economic matters Dr. Harsha De Silva: Article ...
- Motion Against EPF To Further Expose The Regime (Category: Breaking News)
- UNP vows to prove the truth (Category: Business)
- Attempt to table messy draft bill again (Category: Breaking News)
Road accidents cause the most number of annual deaths in Sri Lanka. Each year over 40,887 road accidents occur in Sri Lanka, causing 6 fatalities every day. Several hundreds of people are left seriously injured; some with lifelong consequences. Addressing this tragedy, Caltex together with the Sri Lanka Traffic Police has embarked on an island-wide ...
- Six Daily Road Deaths (Category: Breaking News)
- Road accidents cost as much as 3% of SL’s annual GDP (Category: Breaking News)
- CMTA launches initiative on road safety awareness (Category: Business)
- A plea for life (Category: Business)
In a world where most product categories are at the mature stages of the product lifecycle, the key differentiating factor for a brand happens to be the reputation that it has earned in the market place. Be it a fridge that you buy for your home or a packet of milk powder that you get ...
- Yet another year of success for NSB (Category: Business)
- NSB relaunches popular products to expand market base (Category: Business)
- NSB Head gives quit notice (Category: Business)
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
Planned divestiture of subsidiary – the sole private savings bank in the country – not advertised Deal with in-out-and-in Navara Capital under fire as Rs. 562 m strike price falls below Board recommendation Analysts label deal price as “cheap” when CB is unlikely to be generous in issuing new Specialised Bank licences in the future ...
- Shareholders furious over lack of disclosure, sale plan of MBSL’s savings subsidiary (Category: Business)
- Navara-led consortium to buy 68% of MBSL Savings Bank for Rs. 562 m (Category: Business)
- MBSL says savings subsidiary sale will result in a profit of Rs. 325 m (Category: Business)
- Double-edged deal (Category: Business)
The world’s leading coconut shell-based activated carbon manufacturer and exporter, Haycarb PLC has sustained performance in the fourth quarter of 2011-12, despite challenging external conditions and rising production costs, to end the year on a positive note. According to interim statements filed with the Colombo Stock Exchange, volume increases and continued focus on value added ...
- Haycarb posts 1Q net profit of Rs. 217 m (Category: Business)
- Haycarb expands activated carbon biz with Thailand JV buying new unit for Rs. 500 m (Category: Business)
- Haycarb’s 9 month sales Rs 5.9 billion, PBT Rs. 535 million (Category: Business)
LONDON (Reuters): The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high. Ending its program of quantitative easing
- Rocky Road (Category: Business)
- Sri Lanka’s Central Bank raises rates to contain record high inflation (Category: Breaking News)
- Fiat Inflation (Category: Business)
- Inflation drops in July for the fifth consecutive month (Category: Breaking News)
Mr. Thilak Karunarathne Chairman, Securities Exchange Commission,Colombo. Dear Sir, Re: SEC inquiry connected with the stock exchange transaction where the National Savings Bank acquired shares of The Finance Company I wish to hail your expressed commitments to initiate with urgency a comprehensive inquiry connected with the stock exchange transaction where the National Savings Bank acquired ...
- Economic management and the way forward (Category: Business)
- Govt. to consider tightening laws on white collar crimes (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- Wijetilleke backs calls for tough action on NSB-TFC deal (Category: Business)
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
- WB cuts China growth forecast to 8.2% (Category: Business)
- Challenging times for Asia Pacific (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)
It is very tragic that Sri Lanka may lose the confidence of the business world both locally and internationally courtesy of the Government-appointed nominees of the State. I like to highlight just two such incidents with no bias. The first was the rundown of foreign reserves. The Central Bank went on saying there is no ...
REC yesterday announced that its industry leading solar modules have been selected by BAM Green, a leader in developing and providing renewable energy related services in Sri Lanka. Under the agreement, REC will supply its industry leading REC Peak Energy Series modules to BAM Green. REC solar modules were ranked first with the highest performance ...
- BAM GREEN Selects REC Solar In Sri Lanka (Category: Business)
- Sri Lanka targets slashing industrial power use by 10% (Category: Business)
- Carbon Trust: Renewable energy offers 12 per cent returns for businesses (Category: Business)
The IMF’s recently released Asia and Pacific Regional Economic Outlook (REO) shows the region continuing to lead global growth and expected to gain momentum over the course of 2012. This forecast, however, remains subject to downside risks related to the global economy, including the possibilities of a sharp fall in exports to advanced economies and ...
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Sri Lanka’s GDP growth set to outpace peer economies: Asia Wealth (Category: Business)
- Eurozone crisis dampening developing Asia’s growth prospects, warns ADB (Category: Business)
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
- Globalisation: The challenges (Category: Business)
- Crisis lies in not knowing what higher education is! (Category: Business)
- UNCTAD should address challenges faced by developing world (Category: Business)
- Impunity: Unequal before the law (Category: Business)
TOKYO (Reuters): Shares, oil and other riskier assets slumped on Monday after elections in Greece and France saw incumbents defeated, raising fears the collective response to the euro zone debt crisis seen as crucial to holding the currency bloc together is fracturing. MSCI’s broadest index
- Zenith Optimedia cuts 2012 global ad forecast to $ 502 b on euro woes (Category: Business)
- Asian shares at 3-month high after China inflation (Category: Business)
- Asian shares mark time ahead of Spanish bond test (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
Reuters: Socialist Francois Hollande swept to victory in France’s presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity. Hollande was set to beat conservative incumbent Nicolas Sarkozy by a decisive 51.9 per cent to 48.1 per cent margin, the TNS-Sofres polling ...
- Voting begins in France, economy may doom Sarkozy (Category: Business)
- Hollande is French president, Sarkozy concedes defeat (Category: Breaking News)
- Hollande is French president, Sarkozy concedes defeat (Category: Breaking News)
- Sarkozy details measures for growth, jobs (Category: Business)
Reuters: Greeks angry at years of austerity shrugged off the risk of a euro zone exit and punished their ruling parties, which failed to win enough votes to form a ruling coalition in Sunday’s election. With about 95 per cent of the vote counted, conservative New Democracy and Socialist PASOK, who have dominated Greece for ...
- Greeks seek better terms after Spanish rescue (Category: Business)
- Relief as pro-bailout parties win Greek poll (Category: Business)
- Greek Cabinet formally approves bailout deal (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
) for Transparency International Sri Lanka (TISL) on the topic Rupee Crisis?.
President proposal to be put into action in Nuwara Eliya, Milco to step in for excess purchases but no talk of infrastructure upgrade for factory or distributionBy Uditha Jayasinghe In response to the milk crisis the Government yesterday pledged to purchase all extra milk supplies
- Govt. kicks off village-based dairy farms-supplied free milk to students drive (Category: Business)
- Sri Lankan government provides free milk to school students in Nuwara Eliya (Category: Breaking News)
- Milksop solutions for dairy industry (Category: Business)
- Milco to buy fresh milk from Sri Lankan dairy farmers (Category: Breaking News)
Remains the only company to continue uninterrupted purchase of fresh milk Cargills (Ceylon) Plc yesterday along with its subsidiary Kotmale Holdings Plc pledged their continuous support towards its local dairy farmer in the wake of the current crisis prevailing in the dairy industry
- Milk production doubles (Category: Breaking News)
- Nestlé increases milk collection (Category: Business)
- Dairy Buy (Category: Business)
- Milky Way (Category: Business)
The 13th ministerial meeting of UNCTAD concluded last week in Doha, Qatar. This meeting was the first major UN ministerial meeting focused on trade and development since the 2008-2009 economic and financial crisis. At the end of the meeting, the ‘Doha Mandate’ setting
- UNCTAD should address challenges faced by developing world (Category: Business)
- Ambassador Tamara elected Vice Chair of UNCTAD’S Trade and Development Board (Category: Business)
- Development-led globalisation (Category: Business)
- Destabilising Effect (Category: Business)
Sri Lanka, which was a low-income country (per capita income below $ 2,000) until a few years ago, has now reached lower-middle-income country status ($ 2,840). Of course, while Sri Lanka can be proud of this achievement, middle-income country status requires it to operate within a new paradigm. In the ’80s and to a lesser ...
- Global mobility unaffected by financial crisis (Category: Business)
- A stitch in time saves nine - Facing the short-term economic challenges (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
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