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1.Lack of priority for consultative policy planning Education is regulated in this country by a colonial Education Ordinance (1939) and post-independence legislation on higher education culminating in the Universities Act (1978). Various expert policy advisory bodies like the University Grants Commission (UGC) and the National Education Commission (NEC) examined the regulatory framework many...
Several dual citizens as well as former expats who have settled home recently have expressed concern over the blocking of remittances abroad via Central Bank’s recent rules on NRFC accounts, a move they alleged suggests the country could be facing a forex crisis. In an announcement in mid July, the Central Bank said it would ...
By Ashwin Hemmathagama Our Lobby Correspondent The Government has been repeatedly mentioning that the economy is in sound condition and reserves are very securely and lucratively invested. However, UNP MP Ravi Karunanayake moving yesterday’s adjournment motion accused the Government of robbery." “On examination of the state of the economy we find that the Government, especially ...
UNP MP Karu Jayasuriya yesterday exposed various ills of the Government, its ulterior motives in going for Provincial Council elections as well the failure to restore law and order in the country. “The attempt of the Government has come to light, to win the forthcoming Provincial Council Election by whatever means and to show that ...
By Martin Roll The last decade has seen cities, islands and countries aggressively branding themselves in order to create a resonating identity among stakeholders and build sustainable lifetime customer relationships. Country branding refers to a process in which a country claims a distinct positioning in the minds of its citizens, global customers and stakeholders. To ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
What do you mean by performance? The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost, and speed. In a contract, performance is deemed to be the fulfilment of an obligation, in a manner that releases the performer from all liabilities under the contract. Performance management Performance Management (PM) includes ...
Tea is our pride, for which we can be proud of for the reason that it is the best tea on the globe. It is the duty of every Sri Lankan, especially the diplomatic missions worldwide, to defend and promote our silver inherited as much as the beauty of Sri Lanka which is matchless. Sri ...
With US$ 500 m capital infusion national carrier ready for stronger take off By Cheranka Mendis Sri Lanka’s national carrier SriLankan Airlines and budget carrier Mihin Lanka are growing despite challenges and are no longer loss-making entities, SriLankan Airlines Chairman Nishantha Wickremasinghe said. Hosting a group of journalists around the SriLankan base in Katunayake, Wickremasinghe .....
The Central Bank is expected to keep interest rates steady for a fourth straight month on Tuesday as a spike in inflation to a 42-month high complicates its efforts to bolster cooling growth. All 11 analysts polled by Reuters expected repurchase and reverse repurchase rates to be left unchanged at 7.75% and 9.75% respectively. Both ...
D.E.W. Gunasekara says it is routine with 2010 Annual Report as subject; Ravi K says will take up reversed NSB-TFC deal and other stock market illsThe Chairman and Commissioners of the Securities and Exchange Commission (SEC) will appear before the Committee on Public Enterprises (COPE) today when Opposition is likely to query on ill doings ...
In Sri Lanka to empower and enlighten Sri Lanka’s business community and budding entrepreneurs, Chair Emeritus and board member of the MIT/Stanford Venture Lab Gigi Wang will host a seminar titled ‘Success drivers of Silicon Valley – venture capital, investment and business opportunities for Sri Lanka’ tomorrow in collaboration with Infotechs Ideas. Speaking to the ...
Chooses re-built Jaffna Library for his first book presentation in Sri LankaThe series of books being authored by leading public interest activist and reputed professional consultant Nihal Sri Ameresekere on real case studies, dealing with subjects of fraud, corruption, economic crime, public finance, governance and the rule of law, recently reached a number of 12 ...
The Pathfinder Foundation (PF) welcomes IMF Country Director Dr. Koshy Mathai’s call for increased exports to India and China. Dr. Mathai, in his keynote address at the Annual General Meeting of the Exporters’ Association, stressed two interlinked themes that have been the subjects of several previous Economic Flashes and Economic Alerts: the decline in Sri ...
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 ...
Reuters: State-owned Ceylon Petroleum Corporation (CPC) on Saturday took Vitol, the world’s largest oil trading firm, off its supplier list, believing diesel supplied by the firm had damaged vehicles. Vitol rejected the allegation and said the cargo in question was tested in accordance with international standards by CPC inspectors before it was discharged. Petroleum Minister ...
A farewell dinner was organised by the Sri Lanka-Russia Business Council of the Ceylon Chamber of Commerce for Vladimir Mikhaylov and Madam Mikhaylov in recognition of the yeomen services rendered by Mikhaylov during his tenure as the Patron of the Council. The event was held on 6 July 2012 at the Dukes Court, Cinnamon Lakeside ...
The following is a statement issued by Vitol Group regarding allegations on inferior diesel supplies which has caused a crisis among motorists: The Vitol Group of Companies strongly refutes any allegation that the cargo of Diesel supplied under tender BKl35l2O12 and discharged at Dolphin Pier on 22 July is responsible in any way for the ...
Top apparel exporter Brandix partnered with banking giant HSBC to assist more than 600 families facing severe hardship in Sri Lanka’s dry zone due to the prevailing drought. Working with local councils and officials of ‘Grama Niladhari’ Divisions, the two corporate entities have funded the transport of water to needy families in six villages in ...
Indo-Sri Lanka relations have always been interesting not only because of their implications but also given the way in which they change. Economic relations have always been important because India is Sri Lanka’s largest trade partner and the visit of the Indian Commerce Minister together with 105 company representatives has opened new opportunities for the ...
Can one imagine how long it took a ship to arrive from London to Colombo five centuries back? Now it takes only a couple days to courier a special package to any part of the world and a full file of any amount of documents could be sent to any part of the world in ...
Transparency International Sri Lanka (TISL) has called on all political parties and the public to be vigilant about the malpractices relating to the use of public property during the upcoming Provincial Council elections. Several surveys conducted by TISL during previous elections in Sri Lanka revealed the use of public property for election work blatantly violating ...
In the global public relations business, Asia is also rising. The flow of Western talent and treasure into the region is well known in our industry, but less visible is the advance of many powerful Asian consultancies with international ambitions which are rising fast. On my 10th anniversary here I would like to share 10 truths ...
ESPNCricinfo: Former ICC Chief Executive Haroon Lorgat’s role as special advisor to the SLC will include an independent review of its governance and recommendations to the heavily indebted board on financial management, SLC Secretary Nishantha Ranatunga has said. All recommendations made by Lorgat in his three-month tenure will then be made public. He will also ...
It is reported that the European Commission has requested approval from its 27 members to commence negotiations with Japan for a Free Trade Agreement (FTA). The once all powerful bloc, which is now having to cope with many a crisis, has sought this agreement as part of a broader effort to boost growth and jobs ...
At Tuesday’s meeting Finance Ministry Secy. reiterates united effort by all to revive Colombo Bourse To appoint all stakeholders-comprised Consultative Committee for regular dialogue and consensus Credit rule to be revised to boost retail participation; fresh support to brokers in the offing, among other measures Meeting with top listed blue chips to be convened next ...
The resettlement of IDPs in the North will be accomplished 100 per cent by mid-August this year and all welfare camps in the North will be shut down, Defence and Urban Development Ministry Secretary Gotabhaya Rajapaksa said. Speaking after opening the Army reconstructed two storied orphanage ‘Blessed Virgin’s Children’s Home’ at Kaththankulam, Mannar on Saturday, ...
I still remember the day when the brand Rishad Bathiudeen called me from Temple Trees saying that he had been made the Minister of Industry and Commerce and the challenge he had in his hand. My first thoughts to him were that this was going to be the birth of a strong brand in Sri ...
Reuters: Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a “make-or-break” month as policymakers run desperately short of options to save the common currency. Reuters: Over the past couple of years, Europe has muddled through a ...
Sri Lanka Freedom Party (SLFP), the mains constituent party of the ruling alliance has cancelled, with immediate effect, the party membership and posts of all local government representatives who are accused of sexual abuses or other crimes. As recommended by the party General Secretary, Minister Maithripala Sirisena and sanctioned by the General Secretary of ruling ...