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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)
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)
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 $300 m emerging markets fund (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
- Corporatism: A step beyond state capitalism (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- Impunity: Unequal before the law (Category: Business)
2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
- Hub is no hoodoo, says TEA (Category: Business)
- Tackling tea travails (Category: Business)
- Tea exporters want Gota to defeat mafia (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
- Nominations called for ICT Lifetime Achiever 2012 (Category: Business)
- Sri Lanka re-elected as Chair of UNESCAP ICT Committee third time (Category: Business)
- Microsoft Sri Lanka Partners ICTA for FutureGov SAARC Summit 2012 (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)
The Olympics ‘brand’ is valued at USD $47.6 billion with an 87% increase since the Beijing Olympic Games in 2008 (where it was valued at USD $25.4 billion) according to a new study launched last week by Brand Finance. The Olympics ‘brand’ is the second most valuable brand in the world and beaten only by ...
- HR and London Olympics (Category: Business)
- Apple takes a bite out of its rivals to dominate the BrandFinance Global 500 (Category: Business)
- Wish you were here? Olympics hoped to be tourist draw (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)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due to economic uncertainty and the possibility of lower ...
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (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)
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
REUTERS: As China slips, the second-half performance for many emerging market mutual funds might soon follow. In recent months, investors have been pulling hundreds of millions of dollars out of stock funds that invest mainly in companies associated with the big four emerging market nations of Brazil, Russia, India and China. But it’s China that ...
- Poor returns cast cloud over BRIC equity funds (Category: Business)
- Asian funds revisit 2008 as third quarter market slump bites (Category: Business)
- Growth disappointments drag India funds down in November (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
The Oxford Dictionary tells us that being ‘happy’ is being cheerful with feelings of pleasure or satisfaction. ‘Satisfaction’ is, in turn, when you are pleased because you have achieved something or because something has happened as you wanted it to. A synonym is being ‘content’ – being happy and satisfied with what you have. Rulers ...
- Achieving economic goals amidst global challenges (Category: Business)
- Transforming education in Sri Lanka (Category: Business)
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
- Achieving economic goals amidst global challenges (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
BANGKOK (IPS): The just-ended United Nations sustainable development summit in Rio de Janeiro has exposed the discomfort that many developing Asian countries have over buzz words like ‘green economy’ and ‘green growth’ in development diplomacy. With the Economic and Social
- Challenging times for Asia Pacific (Category: Business)
- Green economy and impact on trade (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
to the increased weight of emerging markets in the world economy ...
- Bubble Fears (Category: Business)
- Demands on bank assets pose “vicious cycle” danger (Category: Business)
- Rebalancing (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
Reuters: Swedish retailer IKEA, the world’s largest furniture maker, is opening up in India, marking a crucial step for the Indian government whose policy flip flops related to foreign investment have damaged market confidence. The company, known for huge stores selling flatpack furniture and accessories, said it would invest 1.5 billion euros to open 25 ...
- IKEA has grand designs on Sydney (Category: AU, New South Wales)
- Our survival guide to IKEA (Category: AU, New South Wales)
- Ikea customers must now accept risk of furniture tip over before purchases (Category: USA, Maine)
- Ikea customers must now accept risk of furniture tip over before purchases (Category: USA, Nebraska)
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
Offers $ 43 b in overall deal which will see Fund’s base doubling to $ 456 b Reuters: China on Monday offered $43 billion to the IMF’s crisis-fighting reserves, rounding off a global push to nearly double the Fund’s war chest to $456 billion to help protect countries from fallout from the euro zone debt ...
- BRICS demand bigger IMF role before giving it cash (Category: Business)
- BRICS nations gird to pressure West over imbalances (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Lagarde’s next battle at IMF: Power shift (Category: Business)
The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank last week. In fact, migrants may have mitigated some of the pain of the crisis as they ...
- New instrument for financing Sri Lankan development (Category: Business)
- Sri Lanka received highest remittances from Kuwait, UAE and Qatar in 3Q2023 (Category: Breaking News)
- Current phase of global recovery and implications for Sri Lanka (Category: Business)
- IMF says fragmentation could cost global economy up to 7% of GDP (Category: Breaking News)
The International Air Transport Association (IATA) on Tuesday announced in Beijing that South African Airways will host the 69th Annual General Meeting (AGM) and World Air Transport Summit (WATS). The event will draw the top leadership of the air transport industry to Cape Town’s International Convention Centre from 2 to 4 June 2013. “South Africa ...
- Qantas’ Joyce is new IATA Chairman (Category: Business)
- IATA milestones in three initiatives: DDS, Distribution and Industry Awards (Category: Business)
- Aviation industry leaders to meet in Beijing on Monday (Category: Business)
- Sri Lankan Airlines joins ‘Oneworld alliance’ (Category: Breaking News)
LONDON (Reuters): Global manufacturing activity expanded at its weakest pace for five months in May with a battered Europe proving the main drag on growth, a report showed. The Global Manufacturing Purchasing Managers’ Index (PMI), produced by JPMorgan with research and supply management organisations, fell to 50.6 in May from April’s 51.0, its lowest reading ...
- Export Outlook (Category: Business)
- Cost Pressure (Category: Business)
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- What’s happening to India’s growth drivers: Exports? (Category: Business)
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
- Basil bats for PB (Category: Business)
- BOI Board in limbo (Category: Business)
- Combined publicity blitz for Sri Lanka tourism still not 100% ready (Category: Business)
- Nalaka Godahewa tosses three tourism hats (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
BRUSSELS (Reuters): Rising tensions with India and China over the European Union’s “arrogant” law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said last week. They also said they had prepared contingency plans for a possible exit of Greece from the euro, as part ...
- Passenger fare hike may earn airlines a CO2 windfall (Category: Business)
- China airlines will not pay EU emissions tax: industry body (Category: Business)
- Lufthansa to pass $ 169 m carbon costs to passengers (Category: Business)
- Shipowners join WWF, Oxfam in urging climate levy (Category: Business)
MACAU,(Reuters): Russia is placing bets that plans to build a gambling and entertainment zone near the port city of Vladivostok will lure investors who have spent big money on casinos for Asian gamblers in Macau and Singapore. Vladivostok, located near China and known more for its oil and gas pipes, has been undergoing a facelift ...
- Fungi Premium (Category: Business)
- The Latest: Pakistan's cases rise amid large gatherings (Category: USA, South Dakota)
- The Latest: Pakistan's cases rise amid large gatherings (Category: USA, South Dakota)
- The Latest: Pakistan's cases rise amid large gatherings (Category: USA, South Dakota)
The UNWTO has welcomed the Declaration issued by the Tourism Ministers of the G20 economies (T20) calling for priority to be given to facilitating travel as a means to boost economic growth and create jobs. The Declaration states, “To ensure that tourism can play a key role in creating employment opportunities, both directly and indirectly ...
- UNWTO and WTTC call on the G20 to use tourism’s potential for job creation (Category: Business)
- New UNWTO and ATM Forum to boost Middle East tourism (Category: Business)
- 415 m tourists expected worldwide during May-August peak season (Category: Business)
- Tourism vital to tackling global economic challenges: UNWTO (Category: Business)
INSEAD, the leading international business school, has partnered with leading TMT advisory and investment firm Delta Partners to release a joint white paper that defines core emerging markets, growth drivers as well as opportunities and challenges in the global telecommunications industry. At a time when Facebook is getting ready to IPO, its focus on emerging ...
- Global Information Technology Report: living in a hyperconnected world (Category: Business)
- Colombo to host GSMA mWomen Working Group meeting (Category: Business)
- Dialog extends deal with Cable&Wireless to provide managed services to customers (Category: Business)
Technology and Research Deputy Minister Faiszer Musthapha, who was among the Sri Lankan delegation to the UNHRC sessions in Geneva, says there are issues in any country when majorities and minorities live together. “Such issues can only be solved through dialogue. Any third party intervention makes the issues more complicated and totally destroys countries. Iraq, ...
- Sri Lanka unfazed by UN Rights Resolution (Category: Business)
- India’s action and government’s reaction to UNHRC Resolution (Category: Breaking News)
- A tense visit (Category: Business)
- US Pot Boils While Govt. Steps Up Diplomatic Offensive (Category: Breaking News)
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