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Paves way for new talent in Tennis to be highlighted among juniors Leading finance solutions company, Bartleet Finance has stepped into the arena of tennis for a second consecutive year to sponsor the Junior Tennis Initiative Program in Sri Lanka (Tennis 10s & Performance Tennis). The Junior Tennis Initiative (JTI) programme is an endeavor successfully ...
- Airtel Lanka dials support for 97th Colombo Championships 2012 (Category: Business)
- The High Cost Of Playing In The Tennis Nationals (Category: Breaking News)
- Bartleet Finance launches ‘Bilindu’ (Category: Business)
- Godamanna wins third set with NZ number 1 (Category: Breaking News)
$ 427 m released to boost reserves bringing total to $ 2.13 b under $ 2.6 b SBA; balance likely in mid-July Emphasises Govt. has taken several positive measures to stem current account deficit, reserve loss and bolster fiscal performance Says recent tax hike on vehicles “unexpected” but shows Govt.’s seriousness in dealing with Balance ...
- Lanka growth to dip below 7.5% – IMF (Category: Business)
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- Devaluation a “right step,” says IMF (Category: Business)
- SBA over, Govt. looks to EFF from IMF (Category: Business)
The CBSL’s directive issued last year, which takes into account credit, market, operational and liquidity risk, is very much in line with the recommendations of the Bank of International Settlements (BIS), which recommends in particular capital adequacy for government banks, said internationally-renowned risk consultant and CEO/Principal of Independent Global Research Ltd. David Roden. Addre...
- CAL reiterates importance of risk management best practices for emerging markets (Category: Business)
- Sri Lanka wants banks to strengthen risk management (Category: Breaking News)
- Risk professionals hold first-ever forum (Category: Business)
Following is the text of the Letter of Intent signed by Deputy Finance Minister Gitanjana Gunawardena and Central Bank Governor Nivard Cabraal and dated 15 March 2012 sent to IMF Managing Director Christine Lagarde in connection to fresh support under the Stand By Arrangement. This letter supplements the Memorandum of Economic and Financial Policies of ...
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Open Letter To The President: Mr. President, It’s Not Too Late! (Category: Breaking News)
Economic Development Minister Basil Rajapaksa yesterday had said the rupee would stabilise once the IMF money came into the country’s $ 59 billion economy. “Some people are holding dollar conversions and I think they will bring them when they see the stability. The stability level
- China’s mobile subscribers rise 1.3% to 963.7 m in November (Category: Business)
- Zoo, elephant orphanage gets record income (Category: Breaking News)
- ‘Fast Five’ is the most pirated movie of 2011 (Category: Business)
- China mobile subscribers top 1 b mark (Category: Business)
Sri Lanka is to get a $ 400 million lifeline following what is anticipated as a favourable decision on the part of the International Monetary Fund (IMF). The IMF Board was scheduled to meet Monday evening Washington Time, and its Resident Representative Koshy Mathai is scheduled to hold a briefing today in Colombo at 2.00 ...
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
- IMF mission due June 4, SL to receive $400 mln balance (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
Relevance to microfinance and total financial inclusion Section 10 (2) of the Finance Business Act No. 42 of 2011, provides that: no other person other than a finance company and an institution specified under s. 10 (6), shall use the words ‘finance,’ ‘financing,’ or ‘financial’ as a part of its name or description, except with ...
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
- Unregulated microfinance - A high-risk strategy (Category: Business)
- Regulation of microfinance institutions (Category: Business)
- ‘Divi Neguma’ Dept: Development catalyst, dependency creator or a white elephant? (Category: Business)
IPS: Most things in Sri Lanka are becoming expensive these days. In early February fuel prices were increased by margins ranging from eight to 49 per cent, with the all-important diesel, used widely in commercial transport and power generation, going up by 36 per cent. The Sri Lankan rupee that was trading at 107 rupees ...
- Thai rice plan could hit global market (Category: Business)
- Catching itself young (Category: Business)
- Road signs indicate better times (Category: Business)
- When the rains don’t fall (Category: Business)
The UNHRC resolution was very unfortunate. This is the first time our country has been subject to this kind of scrutiny. As a fan of the President, it is very unfair that he has been subject to such humiliation. The President has been let down by his advisors. In the recent weeks we have seen ...
- Kamala Harris' VP win is huge for HBCUs, Tougaloo president says (Category: USA, Mississippi)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
Reuters: The International Monetary Fund (IMF) will consider making a $ 400 million loan disbursement to Sri Lanka at a 2 April meeting and the final $ 400 million tranche of a $ 2.6 billion loan a few months later, the global lender said on Friday. The IMF has withheld the loan tranche since September ...
- IMF support, ‘not a bailout’ we need says CB Chief (Category: Business)
- CB opts out of US 800 million IMF loan (Category: Breaking News)
- CB says all June-end IMF loan targets met (Category: Business)
- IMF to discuss Sri Lanka loan follow-up (Category: Business)
By Cheranka Mendis Even if the status of the world economy seems to have found a rather fragile equilibrium with Europe over the past six weeks, the world is no closer to being immune from the risks that have cropped up as a result of the European and USA led recession and changes in world ...
- S&P says Asia will pull through hard times (Category: Business)
- Emerging Asia’s 2012 growth cut to 6.8% from 7.4% (Category: Business)
- Lion leads frontier markets (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
By Cassandra Mascarenhas Sri Lanka is ripe for investment and should exploit its strategic location to attract more foreign investment, while not losing focus on its traditional markets were the general views expressed at the Expo 2012 Symposium on Trade, Investment and Tourism. Held yesterday, the symposium featured a line-up of representatives of many sectors, ...
- UAE-Sri Lanka trade tops $ 1 b mark in 2011 (Category: Business)
- CSE holds Investor Forum in Malaysia (Category: Business)
- SAARC members keen on Indian investment, expertise (Category: Business)
- South Africa’s Sun City to invest $ 800 m in Sri Lanka tourism (Category: Business)
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- The Economic Impact of Exchange Controls (Category: Business)
- Living with debts (Category: Business)
- Strategies on reducing or getting out of foreign debt (Category: Business)
Following are excerpts of an interview with NSB GM/CEO H.M. Hennayake Badara, the new President of the Association of Professional Bankers (APB) Q: What is APB and its role in the banking industry? A: Association of Professional Bankers – Sri Lanka is the premier professional body for career bankers and it was established in July ...
- Professional Bankers’ AGM tomorrow (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Theagarajah awarded for ‘Outstanding Contribution to the Banking Industry’ (Category: Business)
NDB‘s contribution to infrastructure development has been substantial during the last three decades. Having garnered the experience and expertise to cater towards the development process in Sri Lanka, NDB continues to focus on this vital component providing the necessary support that will help towards economic development in the country. NDB CEO Russell de Mel says, ...
- DFCC: Changing the sustainable energy landscape in Sri Lanka (Category: Business)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Nestlé Lanka crowned as ‘Best Corporate Citizen’ (Category: Business)
- Sri Lanka’s energy sector at risk: Calls for diversification amidst Chinese investments (Category: Breaking News)
Says reserves depletion has been arrested Expects US Dollar exchange rate to settle down to below Rs. 125 Emphasises correction in rupee’s value after 'external shock' is positive all round with considerable savings and boost for local producers Claims future of IMF support is not a major concern but will be a bonus Likens affordable ...
- Message clear: Market must move up (Category: Business)
- Devaluation divide (Category: Business)
- 6.2% budget deficit will be met (Category: Business)
- Growth amid challenges (Category: Business)
The Central Bank yesterday was emphatic that much needed dollars are coming to Sri Lanka and the foreign exchange market, reassuring that stability was on course. In an apparent reaction to widespread criticism including that of UNP MP Dr. Harsha de Silva’s claim that the robust inflows projected under the Central Bank’s 2012 and beyond ...
- CB says considerable improvement in forex inflows in March (Category: Business)
- CB says rupee outlook unchanged from 125 (Category: Business)
- Gross official reserves top $ 7 b mark (Category: Business)
- Can and will sustain rupee defence: CB Chief (Category: Business)
The STING Corporate Accountability Index is an independently researched analysis of the standing of corporate Sri Lanka against a model of responsible business practices. It is published in order to encourage more companies to adopt a holistic system of corporate responsibility. The adoption of such a system and making this the usual way of operating, ...
- John Keells Hotels win Gold Award for Corporate Accountability (Category: Business)
- Disposing of electronic waste: A social responsibility calendar must (Category: Business)
- Corporate social responsibility and sustainability practices (Category: Business)
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
The entry in to Sri Lanka by Malaysia’s sovereign wealth fund Khazanah Nasional Berhad via John Keells Holdings (JKH) is being hailed as a all round boost for the country, the Colombo stock market as well as the premier blue chip. JKH which has many first to its credit is also the first stock on ...
- Khazanah kudos! (Category: Business)
- ‘Empathetic’ Provident Fund! (Category: Business)
- Net foreign inflow tops Rs. 30 b; Bourse rebounds (Category: Business)
- Foreign craving for stocks grows; inflow tops Rs. 28 b (Category: Business)
Today is 19 March 2012. The day and the month of March are significant in the lives of many people – some celebrating birthdays, some wedding anniversaries, while others nurse what is yet left over from the hangover of the three day drawn encounter that we experienced a week ago or the limited over Royal ...
- Measuring sustainable wellbeing (Category: Business)
- Warm welcome for war crimes agenda architect (Category: Breaking News)
- S. Thomas’, Royal, Oxford and Cambridge (Category: Business)
- US stronger 10 years after 9/11 attacks: Obama (Category: Business)
The Asian Development Bank (ADB) and Institute of Policy Studies of Sri Lanka (IPS) jointly hosted the launch of a book by Hyun Hwa Son of the ADB and published by Routledge, New York, titled ‘Equity and Well-Being: Measurement and Policy Practice’ on 13 March at the IPS Auditorium. Following is the address delivered by ...
- ADB’s new Sri Lanka partnership to target inclusive growth (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- State of SL economy according to IPS: Grow but make it inclusive (Category: Business)
- IPS releases ‘Sri Lanka: State of the Economy 2011’ report (Category: Business)
By Joshua Nicholas Keeping with its brand promise of ‘Here for good,’ Standard Chartered Bank (SCB) yesterday announced an expansion of its offerings for Small and Medium-sized Enterprises (SMEs). According to SCB Sri Lanka General Manager for SME Banking and Consumer Banking Market Sales Chaya Jayawardena, SCB defines an SME as any enterprise with an ...
- NTB expands Nations Business Centres (Category: Business)
- NDB supports SMEs in Kurunegala with state-of-the-art customer service centre (Category: Business)
- Business Development Centre launches ‘Entrepreneurship 2020’ for SME program (Category: Business)
- Sri Lanka starts upgrading SMEs (Category: Business)
The Central Bank yesterday downgraded Sri Lanka’s 2012 growth forecast to 7.2% from 8%, but in a move that was unexpected by the market, kept its policy rates unchanged. The new projections come at the time when the rupee has hit record lows and the Central Bank is struggling to maintain high reserves. The statement ...
- Spenders (Category: Business)
- Forex Policy (Category: Business)
- Steady Hand (Category: Business)
- Central Bank puts future of IMF programme in doubt (Category: Breaking News)
Is the consumer the king? Today the consumer is celebrating World Consumer Day, organised by Consumer International, to show power and strength by flexing muscles of worldwide consumer organisations. People say the consumer is powerful and he is the king and kingmaker. Traders say the consumer is always right. It may be so in other ...
- Does your money really belong to you? (Category: Business)
- Living with debts (Category: Business)
- Price Control, Regulation Of Trade Or Consumer Education For A Proper Consumer Regime? (Category: Breaking News)
CONCERN over the controversial Channel 4 documentary has reached a fever pitch. In fact it is so high that it is causing some politicians to talk deliriously and call for local consumers to boycott US products such as Pepsi and Coca Cola or return to the days of snail mail by forgoing Gmail. Even though ...
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Having successfully defeated terrorism, ended years of civil war, ushered an era of peace and prosperity to the country, initiated resoundingly successful development initiatives in the north and the east, the Government of Sri Lanka needs to be applauded for consolidating a unified national identity; an identity that only occasionally reared its head at cricket ...
- UNHRC inspection team to visit Sri Lanka next week (Category: Business)
- Double-edged reconciliation (Category: Business)
- Political dialogue must be accompanied by concrete changes on the ground (Category: Breaking News)
- International Crisis Group statement on LLRC report (Category: Business)
Preamble State ownership of public utilities dates back to the colonial period. The early post-independent years saw the State establish public enterprises that were involved in the production and distribution of key goods and services. The share of State ownership in the economy expanded steadily
- CPC implications (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Fuel a price change (Category: Business)
- Commendable start; now for the finish (Category: Business)
The responsibilities of a manger are the obligation to accomplish the goals related to the position and the organisation. Managers, no matter what level of the organisation, typically have the same basic responsibilities when it comes to managing the work force: Direct employees toward objectives, oversee the work effort of employees, deal with immediate problems, ...
- Directing performance management (Category: Business)
- Why unqualified managers are harmful to employees – Part II (Category: Business)
- Hiring hurdles: Facts and fallacies (Category: Business)
- Myth of managing managers (Category: Business)
Exploiters or providers of a vital financial service?Those who lend money are unpopular. They are seen as the exploiters of the common man. They range from the most sophisticated international finance houses like UBS of Zurich or Goldman Sachs of New York or Barclays of London to the common or garden village moneylender, referred to ...
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
- Regulation of microfinance institutions (Category: Business)
- Finance: Restrictions on use of the word (Category: Business)
- Unregulated microfinance - A high-risk strategy (Category: Business)
As the world decides vote on Sri Lanka on the methods used on the eradication of terrorism in the country, my mind goes back to the December 2008 when three of us were organising the staging of the first Industrial Exhibition in Jaffna so that the north gets connected to south on an economic front. ...
- What’s next for Brand Sri Lanka? (Category: Business)
- Building ‘Brand Sri Lanka’: Expo 2012 (Category: Business)
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