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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)
Diversified blue chip Aitken Spence Plc has reported a pre-tax profit of Rs. 918 million for the first quarter, a growth of 25%, over the previous year, while the Group’s revenue rose by 54% to Rs. 8.61 billion. Earnings per share for the quarter stood at Rs. 1.58, an increase of 16% over the corresponding ...
- Rs. 630 m windfall for Aitken Spence from port venture exit (Category: Business)
- Aitken Spence’s 9 month profits up 24% to Rs. 3 b (Category: Business)
- Harry triggers Takeover Code on Aitken Spence (Category: Business)
- Aitken Spence 1H profit before tax up 7.5% to Rs. 1.7 b (Category: Business)
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)
Saffron Aviation Ltd., a joint venture between John Keells Holdings PLC (JKH), MMBL Leisure Holdings Ltd., and Phoenix Ventures Ltd., yesterday signed an agreement with the Board of Investment (BOI) to establish a domestic air taxi service in Sri Lanka with an initial investment of $ 6.8 million out of a total planned investment of ...
- BOI signs $ 44 m deal with Saudi investor (Category: Business)
- BOI approves 6 new ventures in SL (Category: Breaking News)
- Sri Lanka manufactures garment to M&S and Tesco (Category: Business)
- BOI signs 2 new agreements with Emmaus Industries and Habarana Lodge (Category: Breaking News)
A recollection of collective victory The Sri Lanka Export Development Board (EDB) celebrates its 33rd anniversary in August 2012. EDB deserves a high degree of praise for its remarkable contribution made toward the socioeconomic development of the country, the key national institution for export development and promotion during the last 33 years, sharing its responsibility ...
- Towards promotional goals (Category: Business)
- Sri Lanka Expo 2012 – A showcase of high quality products and services (Category: Business)
- The puzzling EDB Strategic Plan (Category: Business)
- Fresh boost for floriculture exports (Category: Business)
“Did you really have to tell the whole world you were in a bad mood?” Kuraishini Navaratne, a friend, e-mailed from Turkey. “It’s the Olympics, man, cheer up!” she admonished. Can the Olympics cheer me up? Tuned into the games to find out. Watching Queenie jump off a helicopter was too much to handle but ...
- Badminton star calls for better planning (Category: Business)
- Olympics: Will London follow Greece? (Category: Business)
- Sampath Bank supports Olympian Badminton Champion Thilini Jayasinghe (Category: Business)
- Qatar to bid for 2024 Games – official (Category: Business)
Presently Sri Lankan software has been exported to regions such as North America, EU, Australasia and East Asia. With the recent global financial slow down, most of the matured software markets are not as vibrant as earlier for the software products and services. Considering this fact, EDB has identified developing regions of the world as ...
- Robust exports to get boost via Expo 2012 (Category: Business)
- EDB turns 33 (Category: Business)
- hSenid showcases innovative ICT solutions at GITEX 2011 (Category: Business)
- CNCI seminar on regional trade agreements (Category: Business)
Every country must have a socioeconomic model for developing the country and achieving sustainable growth and prosperity. The function of a sound model is to transform aspirations into reality by identifying all that needs to be done to achieve the aspirations. What is prosperity? What do we mean by prosperity for a country? My ...
- MillenniumIT’s exchange technology goes live in three continents (Category: Business)
- Why Are The Tamils Of The North & East Wanting To Live Separately From The Sinhalese? (Category: Breaking News)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
- Independence is only meaningful if all people able to live free of fear and suspicion (Category: Breaking News)
Economic Development Minister Basil Rajapaksa recently hailed the substantial support for socio-economic development in Sri Lanka from Finland. This was emphasised when Finland’s outgoing Ambassador to Sri Lanka Terhi Hakala paid a courtesy call on Minister Rajapaksa. “Finland has generously assisted Sri Lanka over the years in country’s economic and social development drive. It ...
- Finland explores investment opportunities in Sri Lanka (Category: Breaking News)
- Minister suggests exporting Sri Lanka`s surplus rice and vegetables (Category: Breaking News)
- New era in bilateral relations between Norway and Sri Lanka (Category: Breaking News)
- New Thailand Ambassador and Basil discuss economic ties (Category: Business)
Economic Development Minister Basil Rajapaksa yesterday found opportunity in a meeting with UK Parliamentarians to woo more investments and trade with British firms. “Many opportunities are available in Sri Lanka in trade and investment for the British business community. The time has come for Sri Lanka and the United Kingdom to build a strong economic ...
- Young Sri Lankan Diaspora and UK Parliamentarians visit Sri Lanka (Category: Business)
- UK Parliamentary delegation meets the Speaker (Category: Breaking News)
- UK MPs commend rehabilitation and resettlement process (Category: Business)
- AKASHI SATISFIED WITH RESETTLEMENT AND DEVELOPMENT IN NORTH AND EAST (Category: Breaking News)
SriLankan Airlines recently flew a delegation of creative professionals, along with special Sri Lankan made fashion, design and craft exhibits from Colombo to London, to launch the 2012 edition of the Sri Lanka Design Festival (SLDF). London, positioned as a world creative hub, is also a central business point and home to some of the ...
- Next generation of design leaders at REVEAL 2012 (Category: Business)
- IAA and AOD announce foray into advertising (Category: Business)
T20 tourney to take up over 7,000 room nights in lean tourism season; bring in over Rs. 130 m revenue for hotels Destination Sri Lanka to get a fillip via global TV coverage The inaugural Sri Lanka Premier League (SLPL), ready to kick off in two weeks’ time, is expected to give a big boost ...
- Sri Lanka Premier League forges ahead (Category: Business)
- Mahindra SLPL a boost for tourism industry (Category: Business)
- Sri Lanka aims to shine via Premier League - Heads turning attraction! (Category: Business)
- SLPL franchises snapped up; Bids worth over $ 30 m received (Category: Business)
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)
A Memorandum for Co-operation between the Chinese People’s Association for Peace and Disarmament (CPAPD) and the Pathfinder Foundation (PF) was signed yesterday in Colombo. The Memorandum was signed by CPAPD Deputy Secretary General Chen Huaifan and Executive Director Luxman Siriwardena on behalf of the PF. The event was witnessed by Pathfinder Foundation Founder Milinda Moragoda, ...
- Sri Lanka Should Plug Into Asian Supply Chains (Category: Business)
- Pathfinder Foundation announces new initiatives for 2012 (Category: Business)
- Chief of Staff to the President of Indonesia visits Pathfinder Foundation (Category: Breaking News)
- Pathfinder Foundation study on Sri Lankan integration into Indian supply chains (Category: Business)
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)
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)
An important feature of the recent Sri Lanka Economic Summit, which both the Guest Speaker Gurcharan Das, Author, Columnist and Management Consultant and Keynote Speaker Dr. Kalpana Kochar, Chief Economist – South Asia of the World Bank, referred to were the opportunities presented to Sri Lanka by the ongoing process of globalisation and particularly the ...
- Achieving economic goals amidst global challenges (Category: Business)
- Signs of an economic doomsday… is there a way out? (Category: Business)
- Positioning Sri Lanka in the global economy (Category: Business)
- Development-led globalisation (Category: Business)
The much-awaited meeting between President and Finance Minister Mahinda Rajapaksa and capital market stakeholders yesterday was described as “very positive” by most, though some disagreed. Conflicting emotions over the outcome were expected since there was much heat generated before the meeting by various parties including the regulator. President Mahinda Rajapaksa chairs the meeting w...
- UPDATE-President promises to consider Colombo bourse concerns (Category: Breaking News)
- Dr. jayasundera-capital market meeting positive (Category: Business)
- Rajapaksa summons powerful stock market investors, regulators for Friday meeting (Category: Breaking News)
- Sudden spikes not good for markets: 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)
A port city is an extension to the port, in order to acquire the advantageous facilities of the port and the port background to shape up the environment of the city surrounded by port. This is not a novel concept where many countries are adapting this principle to achieve their economic and leisure goals. Baltimore ...
- Enhancing shipping traffic to Sri Lanka (Category: Business)
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- Fair winds for Sri Lanka maritime hub (Category: Business)
- South Asian ports need synchronised development (Category: Business)
Sri Lanka Tourism in collaboration with Ebert Silvas’ offer special luxury packages for both foreign and local tourists to view the Kandy Esela Perahera, known to be one of Asia’s most spectacular cultural pageants. The packages are organised to view both Kumbal and the Randoli Peraheras from 23 July to 1 August. The Esala Perahera ...
- Kumbal Perahera of Kandy Esala Perahera begins (Category: Breaking News)
- Measures taken to protect environment during Perahera (Category: Breaking News)
- First Randoli Perahera parades tonight (Category: Breaking News)
- Kumbal Perahera of the Kandy Esala Perahera (Category: Breaking News)
During the long war, the Government was preoccupied with financing and fighting it. The Private pector was burdened with uncertainty about the future. Now with the war behind us, we must examine and debate strategic options for developing our country. One of the key options is pursuing a globalisation strategy. CEPAs and FTAs are variations ...
- Banking foresight – Shaping integrated development (Category: Business)
- We must have a socioeconomic model for growth and prosperity (Category: Business)
- Response to Dr. P.B Jayasundera on why protectionism is not the answer (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
Sri Lanka and Vietnam expect to increase the bilateral trade between the two countries up to the threshold of one billion US dollars within the next three years. The recent third Joint Commission Meeting of Sri Lanka and Vietnam held in Hanoi and chaired by the foreign ministers of the two countries, the focus was ...
- Business Forum to coincide with the visit of Vietnam President to Sri Lanka (Category: Business)
- Sri Lanka, Vietnam focus on expanding trade and investment (Category: Breaking News)
- Vietnam looking for garment JVs and 2W tractor plant (Category: Business)
- Sri Lanka, UAE to enhance trade relations (Category: Breaking News)
The 21st Annual General Meeting of the Sri Lanka-Canada Business Council was held recently at the Canada Club. The council, which focuses on the objectives of ‘promoting investment, trade and joint venture between Sri Lanka and Canada,’ is one of the twenty One bilateral business councils that function under the aegis of the Ceylon Chamber ...
- Canada mulls business here (Category: Breaking News)
- Luncheon meeting on Sri Lankan exports to Canada (Category: Business)
- Encourage Joint Ventures Between Sri Lanka And Canada (Category: Business)
- Business Forum to coincide with the visit of Vietnam President to Sri Lanka (Category: Business)
By Shanuka Tissera The prestigious MBA Alumni Association University of Colombo, boasting some of the finest MBA courses in Sri Lanka kicked of their 15th annual AGM on Thursday 12 at Cinnamon Lakeside. The outgoing President – Pubudu De Zoysa lead the event by sharing the highs and milestones the association made in the year ...
- Pradeep Edward appointed as inaugural SLIM-BUCKS (UK) Alumni President (Category: Business)
- Colombo Uni. MBA Alumni gives its might to country development (Category: Business)
- Top line up at Colombo Uni. MBA Alumni management conference on Friday (Category: Business)
- ‘Clarity, consistency and continuity’ (Category: Business)
Wimbledon is special to me not because I played the tennis circuit during my schooling days but for the insights that I get into life and business in general. The 2012 edition in particular was unique, given that a Brit was in the finals of the men’s singles game, that was happening after 74 years. ...
- London: World’s first social media Olympics (Category: Business)
- The brand IPL is about highlighting performance (Category: Business)
- Ceylon Tea in catch-22? (Category: Business)
- The US Open and Sri Lankan policy (Category: Business)
Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...
- Standard Chartered optimistic Rupee will appreciate in Q3-4 (Category: Business)
- A rosy update (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
Laugfs Gas PLC and its subsidiaries having recorded a profit after Tax of Rs. 942 million as per the un-audited financial statements for the year ended 31 March 2012, yesterday announced a payment of first and final dividend of Rs. 1.50 per share for both Ordinary Voting and Non- Voting shares held. Chairman Laugfs Gas ...
- Laugfs Gas also increases price, equals Litro (Category: Breaking News)
- Laugfs request Rs.570 price hike (Category: Breaking News)
- Domestic gas prices up (Category: Breaking News)
- Laugfs price down (Category: Breaking News)
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