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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)
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: Tanzania has suspended the head of its ports authority and six other senior port officials over allegations of cargo theft and embezzlement of public funds, the transport ministry and local media said on Friday. The government is struggling to crack down on corruption in ministries and state institutions, with the public losing patience at ...
- Allegations do not affect SLPL integrity – Organisers (Category: Business)
- Bin Hammam’s life ban overturned by CAS (Category: Business)
- Yemen’s Aden Port to cancel DP World deal (Category: Business)
- Five IPL cricketers suspended on corruption allegations (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)
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)
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)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
TOKYO, (Reuters): Toyota Motor Corp plans to supply hybrid technology to BMW AG, deepening a partnership that began with a deal last December on diesel engines and electric car batteries, the Nikkei business daily reported on Monday. This month, BMW’s joint venture to make hybrid car components with French auto maker PSA Peugeot Citroen was ...
- BMW the most valuable global car brand: Study (Category: Business)
- BMW gets Sachin behind the wheel (Category: Business)
- BMW launches all new 3 series (Category: Business)
- Toyota, BMW to partner on green technology (Category: Business)
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
- Taming the ‘monsters’ (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
Reuters: Brent crude steadied around $96 a barrel on Tuesday, staying close to 16-month lows hit in the prior session, as Spain’s rising borrowing cost showed Europe is nowhere near resolving its debt crisis that has hurt the outlook for fuel demand. Oil, along with other commodities, fell on Monday after an initial rally fueled ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
Reuters: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA’s executive director said on Tuesday. Brent crude this week dropped to a 16-month low below $96 a barrel
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- IEA has assured OPEC no more oil stock shocks (Category: Business)
- Arab Spring disrupts energy investment-IEA (Category: Business)
- Saudi says high oil prices a worry, will take steps (Category: Business)
Reuters: Indian export data released on Friday confirmed a sharp slowdown in foreign trade, adding to the woes of Asia’s third-largest economy and piling more pressure on the weak coalition government to take steps to boost economic growth. Indian exports inched up 3.23 percent to $24.5
- Sevenagala sugar factory will be controlled solely by the govt., Basil (Category: Breaking News)
- EXPLAINER: What caused Sri Lanka’s economic collapse? (Category: Breaking News)
- Economic decisions cannot be taken by politicians – Namal (Category: Breaking News)
- Govt. To Remove Unauthorized Structures In Economic Center (Category: Breaking News)
Bajaj - the No. 1 Motorcycle brand in Sri Lanka, continues its leadershipandnbsp;andnbsp; ride island-wideandnbsp; by providing timely, cost-effective solutions to all segments of the market. andnbsp;
Boating industry thanks Industry Minister for strong support Sri Lanka enters prestigious International Boating Industry Magazine rankings Sri Lanka’s commercial boat sub-sector reporting stronger international orders from Asia, Africa and ME Introducing a much-sought-after measure of relief to Sri Lanka’s boating industry, the country will now introduce tax on boat imports that are la...
- Sri Lanka launches into the world of marinas (Category: Business)
- Sri Lanka’s hidden marine potential is huge (Category: Business)
- 20,000 buyers expected at South Asia’s largest boat show (Category: Business)
VESAK is the festival of light. Yet this year it seems that the lights will have to be dimmed to reflect the reduced lustre of the country’s economy. As the Power and Energy Ministry organisers raffle draws for people who save electricity during the upcoming religious season
- Plane explodes near school (Category: South Australia)
- Hayleys Consumer’s ‘Light-Styles’ glow at architectural lighting showroom (Category: Business)
- No electricity tariff hike this year (Category: Business)
LONDON (Reuters): Warm weather and fears of a fuel shortage helped drive the biggest increase in British retail sales in more than a year in March, raising chances that recovering consumer spending may have helped the economy to avoid recession. The unexpectedly strong figures will come as a relief
- Auto Appetite (Category: Business)
- Auto Market (Category: Business)
- British official retail sales dip after riots (Category: Business)
- S. Korea April retail sales drop (Category: Business)
TOKYO (Reuters): Asian shares rose on Wednesday as upbeat U.S. economic data plus signs of improving capital positions at big American banks stoked appetites for risk, while reduced expectations for more monetary easing by the Federal Reserve underpinned the dollar. The dollar eased from a seven-week high against a basket of major currencies of 80.320 ...
- Shares pause after rally, eye US data for clues (Category: Business)
- Asian shares ease on China slowdown worry (Category: Business)
- Asian shares edge up but growth fears propel gold (Category: Business)
- Gold edges up on dollar; physical demand sluggish (Category: Business)
Passenger traffic continues by 5.7% to rise in January; cargo remains in doldrums with 8% dipThe International Air Transport Association (IATA) last week announced global traffic results for January showing a 5.7% rise in passenger demand but an 8.0% decline in air freight compared to the same month in 2011. The occurrence of Chinese New ...
- 2011 ends on positive note for global aviation (Category: Business)
- Global aviation’s growth slows again in July: IATA (Category: Business)
- Global aviation demand growth slows, says IATA (Category: Business)
- Global aviation demand growth compromised by high oil prices – IATA (Category: Business)
Clouded prospects in developed markets cast a shadow over outlook for trade and economyBy Jonathan Story Two key forces that have driven Asia’s transformation for decades can be counted on to continue apace in the coming year: economic development and China’s rise. Nonetheless, individual Asian countries will struggle to balance domestic and international responsibilities in ...
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
- Bouyant StanChart eyes 10th record year, new hires (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
Sri Lanka’s benchmark stock index, the world’s worst performer this year, may extend its slump as the central bank raises interest rates to curb inflation, according to HSBC Holdings Plc’s private banking unit. HSBC Private Bank, which oversees about $499 billion, will wait for stock valuations to fall to “single digit” multiples before it considers ...
- Stocks approach one-month low; rupee steady (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Sri Lanka Stocks May Slump More on Rates, HSBC Private Says (Category: Breaking News)
- CB seen holding rates, SRR steady – Reuters poll (Category: Business)
UNP MP, its spokesman for the economy and Consultant Economist Dr. Harsha de Silva yesterday gave thumbs up to Central Bank Governor Nivard Cabraal for the latter’s dual move of hiking interest rates and depreciating the currency, though insisted risks and challenges remain. “
- Harsha claims Govt., CB lack credibility (Category: Business)
- More losses by gambling public money alleges Harsha (Category: Business)
- Financing of 2011 Budget goes haywire (Category: Business)
- 6.2% budget deficit will be met (Category: Business)
IATA says capacity, economy loom as issues in 2012 The International Air Transport Association (IATA) last week reported that full year 2011 passenger demand rose 5.9% compared to 2010, in line with long-term growth trends. In contrast, cargo markets contracted by 0.7% for the year; but recorded
- Global aviation’s growth slows again in July: IATA (Category: Business)
- Global aviation demand growth compromised by high oil prices – IATA (Category: Business)
- July global passenger traffic gets a boost, freight stagnates – IATA (Category: Business)
The Range Rover Evoque, Land Rover’s sensational new SUV – a car that won 34 international awards in the three months after its first production model came off the line in September 2011 – has arrived in Sri Lanka. The smallest, lightest, most fuel-efficient Range Rover ever produced, the Evoque has been described as ‘one ...
- Range Rover Evoque sponsors top authors at GLF (Category: Business)
- Victoria Beckham turns designer hand to cars (Category: Business)
- Britain’s best new cars (Category: Business)
- Range Rover to serve Hill Club tennis as Diamond Sponsor (Category: Business)
Saudi Arabia will soon allow foreign airlines to fly domestic routes, its aviation regulator said on Sunday, opening the market beyond state-owned Saudi Arabian Airlines (Saudia) and private National Air Services, which struggled to meet demand. The General Authority for Civil Aviation said in a statement carried by the state news agency it will let ...
- Sri Lanka to cut damage payments to passengers by domestic airlines (Category: Breaking News)
- AmCham luncheon seminar on ‘The future of the aviation industry in Sri Lanka’ (Category: Business)
- Rapid development envisaged in Sri Lanka's civil aviation sector (Category: Breaking News)
- Flying Potential (Category: Business)
New CEO Kapila Chandrasena upbeat on prospects for national carrier and Sri Lanka as a tourist destination post-warWhen the news of the impending change at the top in the national carrier broke, the Daily FT headlined the lead story on 6 May 2011 as ‘Turb-UL-ence,’ with a pun. But for the man in the hot ...
- $ 500 m boost for SriLankan Airlines (Category: Business)
- Flying smarter (Category: Business)
- Colossal loss incurred by Mihin (Category: Breaking News)
- SriLankan and Mihin ready to fly high (Category: Business)
PARIS/NEW YORK (Reuters): Standard & Poor’s has warned it may carry out an unprecedented mass downgrade of euro zone countries, including Germany and France, if EU leaders fail to deliver a convincing agreement on how to solve the region’s debt crisis in a summit on Friday. The ratings warning sent markets reeling and drew a ...
- Merkel, Sarkozy promise new crisis package, offer no details (Category: Business)
- Sarkozy, Merkel agree to stop sniping on ECB crisis role (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
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