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Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
- Richardson CFL bulbs take on a new shine (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Phoenix to manufacture world renowned 21st century technology ‘FlowGuard’ (Category: Business)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
Reuters: Riskier assets fell broadly on Monday, dragging down Asian shares, copper and oil but the dollar strengthened as investors shifted their focus to weak economic fundamentals while monitoring progress in the euro zone debt bailout scheme. The MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%, with a 1.5% drop in its materials ...
- Rupee weaker on importer dollar demand (Category: Business)
- Asian shares fall, dollar spikes vs yen on intervention (Category: Business)
- Stocks slip on profit-taking ahead of SEC ruling (Category: Business)
- Asian shares fall on fears over Europe fund tightness (Category: Business)
Reuters: Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth. The HSBC Flash China manufacturing
- China factory sector shrinks most in nine months (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- Asian factory output curbed by troubled Europe (Category: Business)
SINGAPORE: Business sentiment among Asia’s top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia’s outlook, a Thomson Reuters/INSEAD survey showed. Concerns over global demand are hurting Asia’s export engines, with autos, technology and shipping sectors am...
- Europe, China worries hurt business sentiment: survey (Category: Business)
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
- Asia’s growth picking up, too early to celebrate (Category: Business)
- ‘Pessimism’ over Asia-Pacific growth: survey (Category: Business)
Sri Lanka is ready and building the platform for the future US$ 100 billion economy, said Central Bank Governor Ajith Nivard Cabraal.
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares inch down, mark time before Jackson Hole (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- Adopt economic policies to propel growth: Bankers (Category: Business)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
Reuters: Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme. The term, coined in 2001 by Goldman Sachs banker Jim O’Neill, provided a catchy acronym to unite the four biggest emerging economies, two of which ...
- China slowdown weighs on emerging market funds (Category: Business)
- Templeton plans $300 m emerging markets fund (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- Asian stocks rebound as Bernanke soothes investors (Category: Business)
MANILA, PHILIPPINES: ASEAN nations can help avoid world rice price shocks by reducing export restrictions, placing less emphasis on self-sufficiency, retooling Thailand’s rice pledging program, and expanding coordinated rice policies with India and Pakistan, according to a series of working papers from the Asian Development Bank (ADB). “So far, the rice market appears to be ...
- Troubled EU eyes ASEAN boost (Category: Business)
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
- Sri Lanka looks to work closer with ASEAN (Category: Breaking News)
- Sri Lanka to sign another ASEAN MOU (Category: Business)
Reuters: China’s economy is stabilising slowly as pro-growth government policies gain traction while real estate curbs have suppressed speculation, the head of the country’s top planning agency, the National Development and Reform Commission, said on Wednesday. Zhang told a meeting
- Sri Lanka to establish a new Consulate General in Guangzhou, China (Category: Business)
- US study tracks huge state role in China economy (Category: Business)
- China lifts state purchase prices of rice to help farmers (Category: Business)
- China calls for creating good environment for Sri Lanka’s stability, construction (Category: Business)
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
- Promoting productive social protection (Category: Business)
- MBSL seminar on ‘Implications of the new Finance Business Act’ on 19 September (Category: Business)
- The loud voice of economists: Reform or perish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
Developed economies heading towards a recession The global economy started off the second half of 2012 with a whimper as the latest data confirm that growth is faltering across all regions. Europe is clearly in the midst of an intensifying contraction, US consumers and businesses are pulling
- Global aviation’s growth slows again in July: IATA (Category: Business)
- Asia’s factories quieter as exports slip (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Surprise industrial slump adds to India’s economic woes (Category: Business)
WASHINGTON (Reuters): A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed US recovery still faces an uphill climb. Other data on Thursday gave mixed signals about the strength of an incipient housing recovery, with groundbreaking on new ...
- Asian shares edge higher, investors seek stimulus clues (Category: Business)
- India’s food inflation at 8.84% (Category: Business)
- Anxious global investors look for calm (Category: Business)
- Asian shares inch up but growth worries lurk (Category: Business)
In the next few years, Sri Lankan economy will reach a Gross Domestic Production (GDP) value of US$100 billion, up sharply from the slow paced economy of about US$ 24 billion GDP in 2004, Central Bank Governor Ajith Nivard Cabraal said.
KUALA LUMPUR (Reuters): Malaysia’s economy grew at a surprisingly strong annual pace of 5.4% in the second quarter, the central bank said on Wednesday, as a jump in private and government investment helped offset weakness in exports amid faltering global demand. The second-quarter growth beat
- Thai Q4 GDP slumps due to floods; seen improving in 2012 (Category: Business)
- Canada economy grows 0.3% in August from July (Category: Business)
- With interest rates rising, stock selectivity becomes vital: DNH (Category: Business)
- Economy ecstatic! (Category: Business)
Reuters: Asian shares inched higher on Thursday but gains were limited as investors waited for more clues over the timing and extent of any further stimulus to tackle the euro zone’s debt crisis and support global growth. Strong U.S. industry output report on Wednesday, which followed similarly solid retail sales and employment data for July ...
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- World stocks off early highs ahead of US jobs (Category: Business)
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Asian markets cheered by Fed rate outlook (Category: Business)
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
Reuters: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency bloc contracted by 0.2% on the quarter, data showed on Tuesday. Germany eked
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Euro zone confidence falls in Sept., inflation expectations rise (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
- Brent oil set to end yr up 14%, record high average (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
- Oil creeps toward top of Asia’s economic worry list (Category: Business)
- Brent slips below $123 (Category: Business)
Reuters: Indian Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates. In his first comments since becoming finance minister
- Indian Finance Minister urges officials not to hound taxpayers (Category: Business)
- Surprise industrial slump adds to India’s economic woes (Category: Business)
- India’s growth will be weaker than expected (Category: Business)
- May revise India growth forecast for 2011-12 to 6.5%: Moody’s (Category: Business)
Reuters: Asian shares and the euro fell on Friday as investors shunned risk after the European Central Bank took no immediate action and only hinted at future steps to tackle the euro zone’s fiscal woes, following similar inaction from the U.S. Federal Reserve. Investors also have reasons to be more cautious ahead of a key ...
- Asian stocks up on Europe optimism, credit (Category: Business)
- Asian stocks post weekly gains on Central Bank fix (Category: Business)
- Stocks, commodities, euro sink on EU summit doubts (Category: Business)
- Asian shares fall on growth worries despite cuts (Category: Business)
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
- Turning point in the currency war (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
economy will be forced to follow Greece, Portugal and Ireland ...
- Euro zone crisis heads for September crunch (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Asian shares mark time ahead of Spanish bond test (Category: Business)
- IMF says euro needs master plan, not deadline (Category: Business)
HONG KONG (Reuters) :Asian shares rose on Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings, particularly for the beleaguered tech sector, while the euro steadied after overnight weakness. European shares were set to open slightly higher with the Eurostoxx 50 futures and Germany’s DAX futures up 0.4 percent ...
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Sri Lanka shrs down; still Asia's best amid recession fears (Category: Breaking News)
- Asian shares up as US data spurs year-end bounce (Category: Business)
- Asian shares firm ahead of Fed; yen up after BOJ (Category: Business)
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Reuters: Asian shares extended their rally on Monday as fears of an economic hard landing in China subsided, with last week’s softer growth data within expectations and Premier Wen Jiabao on Sunday raising the prospects of more policy stimulus if needed. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent after jumping ...
- Asia shares gain as US data raises hope of Fed easing (Category: Business)
- Asian shares struggle as growth worries linger (Category: Business)
- World markets regain ground but still edgy over Greece (Category: Business)
- Asia shares fall to 2012 lows as Europe worries weigh (Category: Business)
Four examples; two bad and two goodThe website of the London Economist newspaper has a reference to an official of a certain country referring to a journalist in words similar to what follows – I have substituted words which would be appropriate to an officer and a gentleman addressing a lady, for what was actually ...
- Corporatism: A step beyond state capitalism (Category: Business)
- Entrepreneur and the profit motive (Category: Business)
- Exercising civic responsibilities (Category: Business)
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