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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,” ...
- ADB’s South Asia head meets Basil (Category: Business)
- Sri Lanka has big potential to be a viable regional hub – ADB (Category: Breaking News)
- New ADB, Sri Lanka partnership strategy agreed to target growth (Category: Breaking News)
- ADB’s new Sri Lanka partnership to target inclusive growth (Category: Business)
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 to record 8.3% growth achieved ...
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
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 ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
- Ambitious $ 460 m 4-towers Krrish Square at Fort to start selling units from today (Category: Business)
- $ 450 m Transworks Towers to transform city (Category: Business)
- People will be resettled in Sampur: Basil Rajapaksa (Category: Breaking News)
- Gains, Pains In Paki FDI (Category: Breaking News)
Currently discussing new courses with local and international universities By Cheranka Mendis The training arm of SriLankan Airlines, International Aviation Academy (IAA), is on an aggressive expansion plan, launching its services overseas while concentrating on capacity development and local youth engagement to the industry. IAA, which provides International Airline Training Association (IA...
- TAASL and IATA partner to develop HR in aviation (Category: Business)
- SriLankan Airlines’ IAA completes first training program for TAASL member agents (Category: Business)
- SriLankan IAA among IATA top ten (Category: Business)
- UL’s aviation training arm ventures in to Maldives (Category: Business)
The Central Bank yesterday said earnings from tourism and workers’ remittances continued to hold up, cushioning the current account of the Balance of Payments (BOP). It said earnings from tourism in July 2012 grew by 23.6%, year-on-year, to $ 100 million, while during the first seven months of 2012, earnings from tourism have grown at ...
- Foreign inflows buoyant: CB (Category: Business)
- Inflows improve (Category: Business)
- Jan-July worker remittances up 25.6% to $ 2.92 b (Category: Business)
- REMITTANCES BY MIGRANT WORKERS INCREASE (Category: Breaking News)
In the last 15 years, the major hospitals invested over Rs. 50 billion by way of total expenditure to increase capacity building within the private healthcare sector by investing in necessary infrastructure, cutting edge technology and continuous development in human capital in the clinical discipline. The centres have created several hundreds of employment opportunities with ...
- Making a difference (Category: Business)
- Arogya 2012 to promote local health sector (Category: Business)
- Services of Apollo Hospitals accessible from Sri Lanka again (Category: Business)
- Doctors’ Brain Drain: Health Security Concern In Sri Lanka (Category: Breaking News)
Madurai: The Tamil Nadu Chamber of Commerce and Industry (TNCCI) in Madurai has urged the Indian government to check the attack on visiting Sri Lankan pilgrims since the travel advisory issued by Sri Lanka will seriously affect the tourism and trade to the state. The TNCCI in a statement pointed out that India-Sri Lanka trade ...
- Tamil Nadu Chamber of Commerce concerned over attack on Sri Lankans (Category: Breaking News)
- TN Chamber of Commerce concerned over attack on Sri Lankans (Category: Breaking News)
- TN Chamber of Commerce concerned over attack on Sri Lankans (Category: Breaking News)
- Tamil outfit protests against hotel employing Lankans (Category: Business)
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
- Nominations called for ICT Lifetime Achiever 2012 (Category: Business)
- Sri Lanka re-elected as Chair of UNESCAP ICT Committee third time (Category: Business)
- Microsoft Sri Lanka Partners ICTA for FutureGov SAARC Summit 2012 (Category: Business)
According to figures collected by PATA, international visitor arrivals into Asia Pacific destinations during May 2012 show a collective gain of 3% year-on-year. This is the second consecutive month with a declining growth rate. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up ...
- Asia Pacific enjoys impressive tourist arrivals growth (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
Strongest ever SA biz delegation to Sri Lanka in bilateral history Among investments sought here are urban property and shopping malls ‘Will strongly boost bilateral trade levels beyond $ 65 million’ – Rishad Former Deputy Foreign Minister Schoeman in the delegation The biggest -and most powerful- South African business delegation ever to arrive in Sri ...
- Sri Lanka to promote trade in Africa (Category: Breaking News)
- Trade Visit (Category: Business)
- Top South African biz team coming in Sept. (Category: Business)
- Mutual lessons (Category: Business)
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
- Aitken Spence Hotels observe Earth Hour 2012 (Category: Business)
- Leading corporates commit to embedding ‘Global Compact and Sustainability’ (Category: Business)
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 ...
- Make preparations count (Category: Business)
- Govt. readies for next UN session with national plan for human rights (Category: Business)
- Govt. appoints ministerial committee on human rights ahead of UNHCR sessions (Category: Business)
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)
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
- Lion leads frontier markets (Category: Business)
- Commercial Leasing and Finance maintains impressive growth in profits (Category: Business)
- AmCham to promote fixed rate, low cost financing from USA (Category: Business)
- AmCham partners with ISEL to bring in US investment to Sri Lanka (Category: Business)
Seychelles President Seychelles President James Alix Michel concludes a historic state visit to Sri Lanka heralding a new chapter in Seychelles-Sri Lanka relations in pursuit of common endeavours towards strengthening closer friendship and economic cooperation between the two countries in a variety of fields, with enormous benefits for the two countries and their peoples. President ...
- Sri Lanka, Seychelles renew strong ties, sign bilateral agreements (Category: Business)
- Seychelles President in town today (Category: Business)
- New chapter in bilateral relations between Sri Lanka and Seychelles (Category: Breaking News)
- Seychelles President concludes a historic State Visit to Sri Lanka (Category: Breaking News)
The Central Bank said yesterday inflows to the services account of the balance of payments remain buoyant despite challenging conditions. It said earnings from tourism in June 2012 grew by 20.6%, year-on-year, to $ 63 million, while during the first six months of 2012, earnings from tourism have grown at a robust rate of 24.3%, ...
- 1H worker remittances top US$ 2.5 billion mark (Category: Business)
- 3,623 new companies registered in 1H (Category: Business)
- Tougher 2Q but Dockyard ends 1H with better results (Category: Business)
- Union Assurance continues growth momentum in 1H 2012 (Category: Business)
Sri Lanka and Seychelles will establish a direct air link between the two countries immediately, enabling increased trade and tourism between the two island nations and neighbouring countries. At the discussion on Tuesday held between the visiting Seychelles President Alix Michel and Minister of Economic Development Basil Rajapaksa, it was decided to open up a ...
- Seychelles President in town today (Category: Business)
- Sri Lanka shipbuilding hub for Seychelles - Direct air-links being explored (Category: Business)
- Lanka Seychelles to share experiences for economic development (Category: Breaking News)
- Seychelles Foreign Minister visiting the island (Category: Breaking News)
Aims to become Colombo’s leading sustainable city hotel by 2015 By Cassandra Mascarenhas Further incorporating sustainability into their processes and business and working towards enhancing the environmental performance of the hotel, the Cinnamon Grand in association with the Switch-Asia programme hosted a ‘green forum’ yesterday in order to enlighten a group of key stakeholders ...
- Switch-Asia to host tourism sustainability seminar (Category: Business)
- Towards Sustainable Business Practices (Category: Breaking News)
- Sri Lanka launches tourism think tank (Category: Business)
Heritance Ayurveda Maha Gedara emerged the most energy efficient hotel in Sri Lanka by winning the highest accolade awarded in the large scale hotel sector at the Sri Lanka National Energy Efficiency Awards 2012 which concluded recently. This is the second consecutive year that Aitken Spence Hotels has been recognised at the awards. Last year ...
- Heritance Ayurveda Maha Gedara, first Lankan hotel to be net metered (Category: Business)
- Aitken Spence Hotels receives Energy Efficiency Awards again (Category: Travel)
- MLH Avurudu Maha Gedara Kavili Kade 2024 (Category: Breaking News)
- Video: Lassana Gedara - 14th September 2014 - www.LankaChannel.lk (Category: Video)
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Branding Sri Lanka (Category: Business)
Both governments to double bilateral trade to USD 10 billion by 2015 The High Commission of India and the Indian expatriate community in Sri Lanka celebrated the 66th Independence Day of India yesterday at the India House in Colombo. Indian High Commissioner Ashok K. Kantha hoisted the Indian national flag, which was followed by ...
- Indo-Lanka bilateral trade up 70% to record $ 5 b in 2011 (Category: Business)
- India celebrates 65th Independence Day (Category: Business)
- Indian expatriate community celebrate 63rd Republic Day (Category: Breaking News)
- India’s 63rd Republic Day celebrated in Colombo (Category: Business)
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
- Real potential of the Colombo stock market (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- More about the real potential of the stock market (Category: Business)
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
- Sri Lanka, Swaziland leaders hold bilateral discussions, sign agreement (Category: Breaking News)
- Sri Lanka, Swaziland leaders hold bilateral talks, sign agreements (Category: Business)
- King of Swaziland in Sri Lanka (Category: Breaking News)
- Banquet hosted in honour of King of Swaziland (Category: Breaking News)
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
- Sri Lanka, Swaziland leaders hold bilateral discussions, sign agreement (Category: Breaking News)
- Sri lanka, Swaziland sign bilateral agreements (Category: Business)
- King of Swaziland in Sri Lanka (Category: Breaking News)
- Banquet hosted in honour of King of Swaziland (Category: Breaking News)
Tourist Hotels Association of Sri Lanka (THASL) President Anura Lokuhetty has welcomed the Mahindra Sri Lanka Premier League as a boost for tourism industry. “Sri Lanka requires this kind of event to create awarenessand a good image of the country as a destination,” Lokuhetti said. “Therefore, we always welcome events that will generate revenue, especially ...
- Mahindra eyes on Lanka (Category: Breaking News)
- Indian Interest (Category: Business)
- Sri Lanka to get investments from India`s Mahindra vehicle group (Category: Breaking News)
- Vehicle Market (Category: Business)
Sri Lanka and Poland have agreed to boost bilateral ties including an exchange delegation and special promotion at the upcoming Warsaw Fair 2012. New measures and strong existing ties came up for discussion when the visiting Polish Under Secretary of State for Oriental Policy Jerzy Pomianowski paid a courtesy call on Economic Development Minister Basil ...
- Sri Lanka President sends condolences to Poland (Category: Breaking News)
- Past Cannot Be Forgotten (Category: Breaking News)
- Sri Lanka-Poland Biz Council to boost bilateral ties (Category: Business)
- Secretary Defence meets Polish officials (Category: Business)
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events of macro factors make ...
- Economic growth to rebound in 2013: SCB (Category: Business)
- Economic Outlook: A tough year ahead but measures in right direction (Category: Business)
- OPIC funding to provide opportunities for growth (Category: Business)
- 2012 Budget in focus (Category: Business)
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Emirates receives 1,000th Boeing 777 (Category: Business)
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