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Countries have achieved sustained growth and development by adopting a range of approaches. Successful outcomes have come from policies varying from state capitalism to those based on market-driven private sector-oriented models. A high premium needs to be attached to the pursuit of pragmatic policies that are appropriate for country-specific conditions at a given point in ...
- More private sector investments key for higher growth – ADB (Category: Business)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- Plug the leaks (Category: Business)
- Govt. on right course, private sector must adapt and grow: Dr. P.B. (Category: Business)
Reuters: The race for president focused squarely on the battle for working-class votes on Wednesday, as Republican Mitt Romney scrambled to make up ground on Democratic President Barack Obama in the crucial battleground state of Ohio. On a day when the rivals held dueling events across the state, Romney mixed empathy for the unemployed – ...
- Romney backs Israel if needs to strike Iran – aide says (Category: Business)
- Romney wins big in Florida presidential primary (Category: Business)
- Obama takes campaign to Latin America, slams Romney (Category: Business)
- Romney, Ryan hit the road in an energised Republican campaign (Category: Business)
In biggest-ever industry deal, Asian insurance giant AIA enters Sri Lanka with $ 109 m investment to buy 92.3% stake in Aviva NDB Insurance Says timing is perfect as post-war rebounding Sri Lanka offers high growth opportunity; AIA’s first acquisition in two years after rigorous assessment Enters into 20-year bancassurance deal with NDB Marking the ...
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
- Aviva shortlists Prudential, Manulife for Malaysia sale (Category: Business)
- Aviva adds Sri Lanka, S. Korea, Malaysia to Asia exit list: Report (Category: Business)
- Aviva-AIA deal signed, announcement today (Category: Business)
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)
The Consulate General of Sri Lanka Dubai M.M. Abdul Raheem visited Hamriyah Free Zone Authority this week and met with Director General Dr. Rashid Alleem to strengthen bilateral business association and investment promotion between the two countries. During his meeting Raheem highlighted the investment potential and business environment for Sri Lankan business community. Sri Lanka ...
- FTZ to reopen tomorrow (Category: Breaking News)
- Sri Lanka BOI denies allegations of delay in paying compensation for the family of killed FTZ em... (Category: Breaking News)
- Major Investment Move: Japan-Sri Lanka Free Trade Zone to Boost Economy with $15 Billion Investm... (Category: Breaking News)
- Close Watch (Category: Business)
Reuters: Banks are getting round new rules intended to make a still vulnerable industry safer while countries are distracted by the continuing financial crisis, the International Monetary Fund said on Tuesday. The IMF’s latest Global Financial Stability Report said banks will adjust to new costs from tougher regulation to curb excessive risk taking, with deep-pocketed ...
- Demands on bank assets pose “vicious cycle” danger (Category: Business)
- India finds balance in NPLs recovery and borrower rights (Category: Business)
- Insurers, asset managers need tighter control – BIS (Category: Business)
- Three steps to avoid a global depression – Soros (Category: Business)
UNITED NATIONS(Reuters): President Barack Obama will say on Tuesday the United States will “do what we must” to prevent Iran from acquiring a nuclear weapon as UN Secretary-General Ban Ki-moon warned against threatening attacks whose consequences would be devastating. Preparing to take the podium at the United Nations six weeks before the US presidential election, ...
- Ahmadinejad denounces ‘uncivilised Zionists,’ urges new order (Category: Business)
- Obama vows to pursue further nuclear cuts with Russia (Category: Business)
- Iran army tests defences as nuclear tensions rise (Category: Business)
- Israel calls for tougher Iran sanctions (Category: Business)
East London recently received a boost as five ICT firms announced plans to expand their operations in Tech City, Europe’s fastest-growing digital hub. Milton Keynes, Sheffield and Ulster will also benefit from multi-million pound international business deals announced at the Global Business Summit on ICT, organised by UK Trade & Investment (UKTI) during the Olympic ...
- Sri Lanka: A hidden gem for IT, BPO and knowledge services, says A.T. Kearney (Category: Business)
- Infotel 2011 to ‘Accelerate IT’ (Category: Business)
- OpenArc offers 50 BIT Degree Scholarships for A/L Students (Category: Business)
Reuters: Chinese university teacher Zhu Haibin wept softly as she and other Communist Party cadres stood in rows before a mass grave of Communist fighters in southern China. Ignoring light drizzle, the group listened to a party instructor tell the story of Zhang Longxiu, a “hero mother” from the early days of China’s Communist revolution ...
- China to test superpower claims on foreign soil (Category: Business)
- Top Chinese professor boasts of operatives in top of US ‘core inner circle’ (Category: USA, New York)
- Top Chinese professor boasts of operatives in top of US ‘core inner circle’ (Category: USA, New York)
- Top Chinese professor boasts of operatives in top of US ‘core inner circle’ (Category: USA, New York)
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
- 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)
Globe Mirror Industries (GMI), the first tempering plant to be established in Sri Lanka in 1969 has been awarded ISO 9001:2008 certification, a clear indication of its growth and credibility in terms of maintaining a high standard of quality throughout the years. GMI was started by late Mohammed Nawaz and has since grown to be ...
- Piramal Glass wins National Biz Excellence award for second year (Category: Business)
- New wine glasses aim to balance “water and fire” (Category: Business)
- Piramal Glass Ceylon shines with Rs. 149 m after tax profit in 1Q (Category: Business)
- Piramal Glass Ceylon opens Rs. 25 m effluent treatment plant (Category: Business)
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
- 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)
NEW DELHI/MUMBAI (Reuters): India slashed a tax on overseas borrowings by local companies on Friday, giving them access to cheaper funds and cheering investors as the Government pressed on with reforms to revive economic growth. Under the new rules, which were proposed in the federal budget for 2012/13 in March but not implemented so far, ...
- State Bank of India picks banks for dollar bond sale (Category: Business)
- India has no plans to curb capital outflows (Category: Business)
- Vehicle importers to approach Govt. to exempt already shipped vehicles from tax (Category: Breaking News)
- What’s on Obama’s tax list, besides “Buffett tax”? (Category: Business)
Khaleej Times: Sri Lankan efforts to increase its export of skilled workers to the UAE were the topic of discussion in a gathering of diplomatic officials at an overseas employment promotion seminar held on 13 September. At the event, officials addressed local recruiters and employers on the procedures and benefits associated with hiring workers from ...
- Saudi- Sri Lanka pledges to send skilled workers rather than servants (Category: Breaking News)
- Sri Lanka fails to meet demand for foreign employment (Category: Breaking News)
- Skilled workers for overseas jobs - SL’s aim (Category: Breaking News)
- Sri Lanka seeks more jobs for skilled workers in Qatar (Category: Breaking News)
In tough economic conditions, cutting jobs in a business may appear to be the simplest solution to reducing expenses. However, layoffs present many disadvantages for employer, employee and customer. Globally, be it financial services, healthcare, media, technology or retail, all of them have thrown hundreds upon hundreds out of the workforce in the last 36 ...
- When governments run business enterprises (Category: Business)
- Internships: Free-for-all (Category: Business)
- Reconciling Dhamma in the corporate arena (Category: Business)
- Employee engagement and work-life balance (Category: Business)
Reuters: Schools, shops and government offices were shut in some states on Thursday as protesters blocked road and rail traffic as part of a one-day nationwide strike against sweeping economic reforms announced by the government last week. The main opposition Bharatiya Janata Party (BJP), joined by smaller parties from both the political left and right, ...
Business sentiment at Asia’s top companies declined for a second consecutive quarter in 2012 due to continued worries over the global economy, according to the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey. The poll was conducted between 3 and 14 September 2012 and of the 97
- Europe, China worries hurt business sentiment: survey (Category: Business)
- Global growth worries dent Asia business sentiment in Q3 (Category: Business)
- Asian consumers less confident, but still spending: Nielsen (Category: Business)
- StanChart plans China growth, confident on income (Category: Business)
“Genuine software, ultimately, is about optimisation rather than legalisation. Especially now that Sri Lanka is moving quickly, the economy will pick up even faster through partnerships with China, India and other developing countries. It’s the perfect time for companies
- Barclays Computers promotes use of genuine software (Category: Business)
- Microsoft Corporation vs Media Centre case in the SC: Parties agree for settlement (Category: Business)
- Tech One Global and Microsoft co-host Microsoft Education Solution workshop (Category: Business)
- Tech One Global and Microsoft co-hosts Microsoft Education Solution Workshop (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)
Cabraal says that price pressures will remain, keeps policy rates and growth figures steady The Central Bank kept policy rates unchanged yesterday, on expectations that inflation would remain contained to single digit levels on policy changes to reduce demand. The concerted efforts by the Central Bank and the Government earlier this year to curb the ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- CB seen keeping rates steady for fifth straight month (Category: Business)
- Sri Lanka to grow at 7.2% (Category: Business)
- CB banks on policy changes (Category: Business)
Commendable achievements Over the years Sri Lanka has gained a considerable reputation for its achievements in social development. It punches above its weight on the UNDP’s Human Development Index. It has also performed very well in meeting the internationally agreed Millennium Development Goals (MDGs), which focus on indicators related to poverty, health, education and gender ...
- From poverty to sustainability in Sri Lanka (Category: Business)
- Equity and well-being in Sri Lanka (Category: Business)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
- ‘Divi Neguma’ Dept: Development catalyst, dependency creator or a white elephant? (Category: Business)
The Asian Development Bank (ADB) is concentrating on developing nine sectors including infrastructure in Sri Lanka and the far eastern region including Vietnam, Cambodia and Laos to foster economic development. “Asian Development Bank has assisted sub regional economic cooperation in the Greater Mekong Sub region (GMS) to enhance their economic relations, covering nine priority ...
- Sri Lanka looks for more economic links with Greater Mekong region (Category: Breaking News)
- Sri Lanka drops to 76th in 2024 Tourism Development Index (Category: Breaking News)
- Promoting South Asian tourism through inter-regional circuits (Category: Business)
The exchange of goods and services has been around for as long as civilisations themselves, if not longer. Humans, being extremely adaptive to their environments, have always found ways to utilise resources and build surplus. This surplus was then used to trade in order to obtain resources and goods that weren’t abundantly available. Evolution of ...
- Dialog empowers 7.5m with mobile money transactions (Category: Business)
- ComBank records highest growth in ‘Inter-Bank Electronic’ payments (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
The festival of creativity – Spikes Asia 2012 in Singapore during its first two days showcased key insights on winning and creative ideas in the marketing communications sphere by a host of global and regional experts. Attended by nearly 1,800 creative industry professionals and students from 27 countries including nearly 20 from Sri Lanka, the ...
- Countdown to Spikes Asia starts (Category: Business)
- Leo Burnett Sri Lanka’s Subhash Pinnapola, first Sri Lankan on Spikes Jury (Category: Business)
- East vs .West, good vs. bad: Dissecting ‘glocalisation’ in branding (Category: Business)
- Leo Burnett celebrates exceptional year in 2011 (Category: Business)
SINGAPORE (Reuters): Brent crude slipped under $114 a barrel on Tuesday, adding to steep losses in the previous session, as investors weighed the impact of the Federal Reserve’s open ended stimulus push on oil demand and eyed China’s next step to boost its economy. Brent crude fell
- Brent oil set to end yr up 14%, record high average (Category: Business)
- Brent crude up for eighth day near $ 117; economic risks may cap rise (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
- Oil falls towards $105, economy jitters return (Category: Business)
It is with great sacrifices that Sri Lanka brought about a victory against ruthless terrorism, which is certainly a feather in the cap of Rajapaksa family. No one can dispute the fact that President Rajapaksa provided the political leadership and ensured that the LTTE was decimated at any cost. The Tamil diaspora and the pro-separatist ...
- Eight Lankan refugees arrested in TN (Category: Breaking News)
- Coast Guard stand on TN fisherman ‘outrageous’: Jayalalitha (Category: Breaking News)
- TN determined to regain Katchatheevu (Category: Breaking News)
- TN BJP will continue to press for retrieval of Katchatheevu: Annamalai (Category: Breaking News)
Emirates, one of the fastest growing airlines in the world, has launched its daily non-stop service from Dubai to Washington Dulles International Airport (IAD). It is the seventh gateway for Emirates in the United States, and the twelfth new route to join the airline’s international network in 2012. “Emirates offers important new choice, competition and ...
- Emirates Goes To Washington DC (Category: Breaking News)
- Alaska Airlines bans at least 14 people after ‘rowdy’ behavior on flight leaving DC (Category: USA, New York)
- Alaska Airlines bans at least 14 people after ‘rowdy’ behavior on flight leaving DC (Category: USA, New York)
- Alaska Airlines bans at least 14 people after ‘rowdy’ behavior on flight leaving DC (Category: USA, New York)
“Broadband will represent a momentous economic and social change,” said President’s Secretary Lalith Weeratunga. Weeratunga said so while participating at the inauguration of a two-day ‘Regional Expert Consultation on Connecting Asia Pacific’s Digital Society for Building Resilience’ held in Colombo recently. Organised by the United Nations Economic and Social C...
- Building resilience in Asia Pacific’s digital society (Category: Business)
- UNESCAP expert group meets in Colombo on 5-6 Sept. (Category: Business)
- FutureGov SAARC Summit 2012 begins today (Category: Business)
- Creating digital inclusion and regional connectivity (Category: Business)
Tightening brakes on growth, Government data released yesterday showed the country has slowed to a two-and-a-half-year low, slipping from 7.9% in the first quarter to 6.4 % in the second when compared with the same period last year. A Reuters report noted that economic growth eased to 6.4 per cent in the second quarter ...
- Growth is better than expected – CB (Category: Business)
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Economy ecstatic! (Category: Business)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
SINGAPORE (Reuters): Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world’s top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive ...
- State liquor sales pick up in July (Category: USA, Washington)
- T-bills hit 16-month high (Category: Business)
- Euro zone Oct inflation at 3 pct despite cooler growth (Category: Business)
- Dollar softer, but euro fails get a boost (Category: Business)
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