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Several dual citizens as well as former expats who have settled home recently have expressed concern over the blocking of remittances abroad via Central Bank’s recent rules on NRFC accounts, a move they alleged suggests the country could be facing a forex crisis. In an announcement in mid July, the Central Bank said it would ...
- CB directs single Foreign Exchange Earners Account for multiples (Category: Business)
- Rules on forex accounts relaxed (Category: Breaking News)
- Sri Lanka introduces new operational measures for forex transactions (Category: Breaking News)
- Sri Lanka has potential to double foreign remittances to $ 8 b: BOC Chief (Category: Business)
By Ashwin Hemmathagama Our Lobby Correspondent The Government has been repeatedly mentioning that the economy is in sound condition and reserves are very securely and lucratively invested. However, UNP MP Ravi Karunanayake moving yesterday’s adjournment motion accused the Government of robbery." “On examination of the state of the economy we find that the Government, especially ...
- Sri Lanka to implement wider monetary policies to strengthen national economy (Category: Breaking News)
- Global Trend (Category: Business)
- Long Cycle (Category: Business)
- Downside Risks (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)
Tea is our pride, for which we can be proud of for the reason that it is the best tea on the globe. It is the duty of every Sri Lankan, especially the diplomatic missions worldwide, to defend and promote our silver inherited as much as the beauty of Sri Lanka which is matchless. Sri ...
- Hub is no hoodoo, says TEA (Category: Business)
- Sri Lanka secures direct access to fifth largest global buyer of Pure Ceylon Tea (Category: Business)
- Local tea industry in a fix (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
The Central Bank is expected to keep interest rates steady for a fourth straight month on Tuesday as a spike in inflation to a 42-month high complicates its efforts to bolster cooling growth. All 11 analysts polled by Reuters expected repurchase and reverse repurchase rates to be left unchanged at 7.75% and 9.75% respectively. Both ...
- Inflation decelerates (Category: Breaking News)
- Sri Lanka Inflation Rate Rises, Leaving Less Room to Hold Rates (Bloomberg) (Category: Breaking News)
- Sri Lanka Keeps Interest Rates Unchanged for Growth (Update2) (Category: Breaking News)
- Sri Lanka Keeps Interest Rates Unchanged for Growth (Update2) (Category: Breaking News)
D.E.W. Gunasekara says it is routine with 2010 Annual Report as subject; Ravi K says will take up reversed NSB-TFC deal and other stock market illsThe Chairman and Commissioners of the Securities and Exchange Commission (SEC) will appear before the Committee on Public Enterprises (COPE) today when Opposition is likely to query on ill doings ...
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
- A comprehensive investigation is underway on TFC-NSB deal – SEC (Category: Breaking News)
- NSB’s custodial role suspended, Sampath clears Friday settlements (Category: Business)
- NSB Head gives quit notice (Category: Business)
In Sri Lanka to empower and enlighten Sri Lanka’s business community and budding entrepreneurs, Chair Emeritus and board member of the MIT/Stanford Venture Lab Gigi Wang will host a seminar titled ‘Success drivers of Silicon Valley – venture capital, investment and business opportunities for Sri Lanka’ tomorrow in collaboration with Infotechs Ideas. Speaking to the ...
- Internet pioneer and Silicon Valley insider Gigi to hold top seminar on 8 Aug. (Category: Business)
- Growth Plan for Sri Lanka (Category: Breaking News)
The Pathfinder Foundation (PF) welcomes IMF Country Director Dr. Koshy Mathai’s call for increased exports to India and China. Dr. Mathai, in his keynote address at the Annual General Meeting of the Exporters’ Association, stressed two interlinked themes that have been the subjects of several previous Economic Flashes and Economic Alerts: the decline in Sri ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Lanka’s exports to Singapore clock highest growth in 1H (Category: Business)
- What’s happening to India’s growth drivers: Exports? (Category: Business)
- Sri Lanka’s trade success in EU markets is not accidental, says Rishad (Category: Business)
Playing off India against China and vice versa‘The Great Game’ was the name given to a diplomatic and military tussle between the British and Russian empires during the time of the British Raj in India for influence over what constitutes today’s central Asian states. Commonly known as the ‘Stan states,’ they were located along the ...
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lanka is no pearl on China’s string: President (Category: Business)
- From defence sales to electricity grids, India upgrades Lanka ties (Category: Business)
- In bid to counter China, US ramps up effort to boost military ties in Asia (Category: Breaking News)
Indo-Sri Lanka relations have always been interesting not only because of their implications but also given the way in which they change. Economic relations have always been important because India is Sri Lanka’s largest trade partner and the visit of the Indian Commerce Minister together with 105 company representatives has opened new opportunities for the ...
- Different Obligations (Category: Business)
- Alufab goes to India (Category: Breaking News)
- Another chance for CEPA? (Category: Business)
Can one imagine how long it took a ship to arrive from London to Colombo five centuries back? Now it takes only a couple days to courier a special package to any part of the world and a full file of any amount of documents could be sent to any part of the world in ...
- Hub is no hoodoo, says TEA (Category: Business)
- EDB turns 33 (Category: Business)
- Public diplomacy: A missing dimension in our foreign policy (Category: Business)
- Insights on Public Diplomacy (Category: Business)
At Tuesday’s meeting Finance Ministry Secy. reiterates united effort by all to revive Colombo Bourse To appoint all stakeholders-comprised Consultative Committee for regular dialogue and consensus Credit rule to be revised to boost retail participation; fresh support to brokers in the offing, among other measures Meeting with top listed blue chips to be convened next ...
- SEC succumbs! (Category: Business)
- Dr. jayasundera-capital market meeting positive (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- Dr. PB to meet SEC Commissioners today (Category: Business)
By Hamid Mahmood Aid is part and parcel of the development package in South Asia. The book titled ‘Foreign Aid in South Asia: Emerging Scenario; offers insights into the role of foreign aid in South Asia’s development. It covers the chronology of aid development and provides a detailed examination of South Asian countries’ adaptation to ...
- China, India score with untied aid (Category: Business)
- Aid effectiveness debate in Busan (Category: Business)
- Global mobility unaffected by financial crisis (Category: Business)
- Sri Lanka’s Asian Heritage (Category: Breaking News)
The Foreign Minister of Pakistan Hina Rabbani Khar will be visiting Sri Lanka from 1st to 3rd August, 2012, at the invitation of Sri Lankan Foreign Minister Prof. G.L. Peiris. During her three day visit, Hina Rabbani Khar will call on the President of the Socialist Republic of Sri Lanka, Mahinda Rajapaksa and will also ...
- Attitude Problem (Category: Business)
- Swedish foreign minister to visit Sri Lanka (Category: Breaking News)
- Regional Links (Category: Business)
- Govt. continues efforts to release SL crew (Category: Breaking News)
Tourism industry official cum professional Dileep Mudadeniya in his personal capacity has released a book on Sri Lanka’s hosting of the International Indian Film Academy Awards (IIFA) in 2010. Titled ‘IIFA: The Other Side,’ the book in Sinhala, Dileep’s first, recaps the efforts which went in to it, the challenges faced and its success, in ...
- IIFA stopped SL visit-Bachchan (Category: Breaking News)
- It was Bachchan's decision, not IIFA (Category: Breaking News)
- ‘Paranoid Earthling Live’ returns (Category: Business)
Renews call for Select Committee to probe shady deals; wants EPF investments in stocks halted Blasts President-Bourse forum Says CSE Board must be dissolved Akin to firing all cylinders, Opposition Leader Ranil Wickremesinghe has blasted President Mahinda Rajapaksa’s forum with capital market stakeholders and renewed the call for the appointment of a Parliamentary Select Committee ...
- Ranil raises red flag over EPF, ETF in Parliament (Category: Business)
- EPF and ETF tangled up! (Category: Business)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets are well aware of the risk-return tradeoff intrinsic to these markets. Low ...
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
- Why Lion leads frontier (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Value investors enter as speculators exit (Category: Business)
Marketing process for sales persons Under the marketing concept, the firm must find a way to discover unfulfilled customer needs and bring to market products that satisfy those needs. The process of doing so can be modelled in a sequence of steps: the situation is analysed to identify opportunities, the strategy is formulated for a ...
- How to develop an effective marketing plan (Category: Business)
- Building the customer experience in business-to-business relationships (Category: Business)
- The brand gap (Category: Business)
- Godrej Locks enters market with aggressive growth plans (Category: Business)
‘Shakthi’ fundraiser by Emerge Lanka Foundation today ‘Shakthi, a Celebration of Femininity,’ a fundraiser for Emerge Lanka Foundation to spread awareness about sexual assault/abuse through artistic avenues, will be held at Barefoot Café today, 21 July, from 6 to 10 p.m. Emerge Global is dedicated to empowering young women around the world who have ...
- All Ceylon Muslim Women’s Association celebrates Diamond Jubilee (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Zonta launches mentorship programme (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
- Solheim Looks Back On The Peace Process (Category: Breaking News)
- Wikileaks: Norwegians Concerned Over JVP’s ‘Ugly’ Campaign (Category: Breaking News)
- Sri Lankans In Wikileaks (Category: Breaking News)
- Sri Lanka and the Spectre of an International Investigation (Category: Breaking News)
Reuters: Sri Lanka now expects 2012 tea production of around 325 million kg, below its target of 330 million kg, as output has fallen in the last five months due to drought, the State-run Tea Board said. Tea production in the first half of the year fell 4.3 per cent year-on-year to 163.26 million kg ...
- JANUARY TEA OUTPUT INCREASES (Category: Breaking News)
- Kenya tea exports up 10% in first quarter (Category: Business)
- January tea output up 6% (Category: Business)
- July tea output down 11.5% (Category: Business)
The most anticipated panel of the summit featured MP Dr. Harsha De Silva and MP Navin Dissanayake who went on to have an animated debate on the topic ‘ICT for Government Reforms’ and the session was moderated by FutureGov Asia Pacific Magazine Editor-at-Large Laurence Millar. MP Navin Dissanayake (left) speaks as FutureGov Asia Pacific Magazine ...
- FutureGov SAARC Summit 2012 begins today (Category: Business)
- Young political guns speak up for economy (Category: Business)
- President’s leadership led to great achievements in ICT: Weeratunga (Category: Business)
- Sri Lanka At A Crossroads: The IMF’s 16-Point Prescription For Reform (Category: Breaking News)
The United Nations Conference on Trade and Development (UNCTAD) has mooted a “new generation” of investment policies that seek to address specific concerns related to sustainable development at the national and international levels. In presenting its 2012 World Investment Report in London, UNCTAD said at the national level, these challenges include integrating investment policies into ...
- Global trends in investment (Category: Business)
- Development-led globalisation (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due to economic uncertainty and the possibility of lower ...
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
MILAN/LONDON (Reuters): Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5 million), the latest purchase of a top European luxury brand by an emerging market investor. The luxury label loved by Jacqueline Kennedy Onassis and Audrey Hepburn said on Thursday that Mayhoola for Investments S.P.C, an ...
- Valentino in exclusive sale talks with Qatar (Category: Business)
- Rossi pays tribute to Simoncelli (Category: Business)
- Singapore railway station gets new life as fashion runway (Category: Business)
- Lorenzo cruises to Italian MotoGP win (Category: Business)
Singapore giant and property development specialist Keppel Land has described its entry into Sri Lanka via a joint venture with CT Holdings to build luxury condominiums as strategic and timely. “Our first foray into Sri Lanka is strategic and timely given the country’s positive growth as well as with growing affluence amongst its population. The ...
- JKH buys more land for mega project (Category: Business)
- Mutual lessons (Category: Business)
- Sri Lanka, Singapore to ink first-ever B2B MoU in Colombo today (Category: Business)
The Sri Lanka Economic Association or SLEA, the long-standing professional body of economists of Sri Lanka, has published some selected papers presented at its Annual Sessions in October 2011 in a volume titled ‘Achieving Economic Goals in the Midst of Global Challenges,’ the theme of the sessions. The volume, edited by two veteran economists – ...
- SLEA to release book on ‘Achieving Economic Goals in the midst of Global challenges’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
Addresses IAACA Anti-Corruption Seminar in Dalian, ChinaNihal Sri Ameresekere, who is in the forefront agitating against fraud and corruption in the highest echelons of society, made a presentation on the UN Convention Against Corruption (UNCAC) at the Annual Seminar of the International Association of Anti-Corruption Authorities (IAACA) held recently in Dalian, China. Nihal’s presentation h...
- Nihal makes presentation on UN Convention Against Corruption (Category: Business)
- New book on ‘Overseas corporate structures, which hide real owners’ (Category: Business)
- Revised ICC rules boost G20 efforts to curtail corruption (Category: Business)
Opposition MPs warn post-war gains will be wasted unless Govt. puts house in order Insist on better policies, respect for law and order Call for common agenda for clear and consistent regulations By Uditha Jayasinghe Opposition politicians joined the private sector yesterday in calling for the Government to work on law and order and consistent ...
- A Budget for all! (Category: Business)
- Govt. to table all land deal documents in P’liament today (Category: Business)
- Sri Lanka’s Iran crude imports may drop up to 20% (Category: Business)
- IMF cuts Sri Lanka’s growth forecast but says future stable (Category: Business)
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