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Under pressure and blamed for overregulation, Director General quits job exactly one year on to take up Senior Advisor Post in Finance Ministry Investors toast news as market’s value jumps by Rs. 61 billion, biggest single day gain in history Others term it sad day for effective regulation of capital market Ending weeks of speculation, ...
- SEC DG Malik Cader out or in? (Category: Business)
- SEC succumbs! (Category: Business)
- Internal restructuring at SEC for better focus (Category: Business)
Confidence, the most critical element of the business climate Need of the hour Investment needs to increase from 28% (2010) to 34% of GDP to attain the Government’s growth target of 8%, as Sri Lanka’s incremental capital output ratio is 4.2. Public investment has been capped at 6%-7% of GDP. This means that private investment, ...
- Fitch joins chorus, says nationalisation law could hinder investment (Category: Business)
- Plug the leaks (Category: Business)
- More private sector investments key for higher growth – ADB (Category: Business)
- How attractive or unattractive is our business climate to foreign investors? (Category: Business)
Following is the address delivered by Senior Minister for International Monetary Cooperation Dr. Sarath Amunugama at the fourth South Asia Economic Summit (SAES IV) Plenary Session: In the aftermath of the global economic crisis, there has been a noticeable shift in economic clout, moving from the USA and the debt-plagued countries of the Eurozone, to ...
- Asia Pacific trade and investment (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
Reuters: Asian shares fell and commodities slipped as the dollar spiked to a three-month high against the yen following Japan’s intervention, prompting investors to book profits after last week’s rally. The dollar rose more than 4 percent against the yen to above 79 yen, hours after briefly falling to a record low of 75.31 yen ...
- Asian shares fall on European political uncertainty (Category: Business)
- Asian markets end on a mixed note on May Day (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Asian shares fall on fears over Europe fund tightness (Category: Business)
DNH Financial Ltd. last week said that corporate earnings released so far look impressive but the bourse has not performed compared to strong earnings generation. The broking firm also suggests time is right for investors to go bottom fishing. Here are excerpts from DNH’s Weekly Report: The Colombo bourse ended the week on a relatively ...
- DNH Financial says market can be beaten (Category: Business)
- Colombo Bourse becoming a ‘stockpickers’ market! (Category: Business)
- October ordeal at CSE persists; Rs. 179 b in value wiped off so far (Category: Business)
PERTH, Australia (Reuters): Commonwealth leaders on Sunday defended their moves to toughen support for human rights, rejecting criticism the group was becoming irrelevant and had failed at their three-day summit to hold member Sri Lanka accountable for alleged abuses. But several leaders of the 54 mostly former British colonies, meeting in the remote Australian city ...
- Next CHOGM in Sri Lanka despite concerns (Category: Breaking News)
- Commonwealth leaders agree to be more proactive on human rights (Category: Business)
- Gillard doesn’t deny Lanka backers killed HR body (Category: Breaking News)
- Britain urges SL to make progress on rights by 2013 (Category: Breaking News)
Reuters: The head of Europe’s bailout fund said on Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund. Klaus Regling, chief executive of the European Financial Stability Facility (EFSF), said the bailout deal ...
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- China urges EU to reach debt deal without delay (Category: Business)
Five energetic young professionals, representing Rotary International District 3220 Sri Lanka will fly to Osaka, Japan for a Group Study Exchange (GSE) programme in November. Led by a Rotarian Past President Pubudu de Zoysa, a member of Rotary Club of Colombo, the team includes Rukshi Liyanage, Shamali Perera, Srikanth Selladurai and Mel Gunasekera. The month-long ...
- Pradeep Named Rotarian Of The Year (Category: Business)
- Pradeep Amirthanayagam Installed As Golden Jubilee President, Rotary Colombo West (Category: Breaking News)
Qatar’s economic growth is expected to drop sharply to 5.1 percent in 2012, down from a projected 15 percent for this year due to receding hydrocarbon expansion, the Gulf state’s development planning authority GSDP said on Tuesday. “The GSDP foresees a sea change in the economy’s dynamics in 2012,” the General Secretariat for Development Planning ...
- Qatar sees 2013 econ growth as slowest in decade (Category: Business)
- Qatari boost for sri lanka (Category: Business)
- Qatar to invest $20bn in tourism till 2022 (Category: Business)
Sri Lanka Economic Association Conference – Key takes at the inauguration By Dinali Goonewardene The Government in addition to domestic constraints faces a series of external and global constraints and the Sri Lanka Economic Association at its annual sessions from 13-14 October 2011 discussed this under the theme ‘Achieving National Economic Goals Amidst Global Challenges’. ...
- Lion leads frontier markets (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
In the midst of the turmoil in international financial markets and national economies, Sovereign Wealth Funds are coming into closer focus. For the first time since the breakout of the financial crisis, the financial mandarins of China intervened to shore up confidence in the country’s four largest banks by increasing its holdings in them through ...
- Gas gusto! (Category: Business)
- Government in the dark on extent and volume of Mannar Basin gas deposits (Category: Business)
- India’s ONGC To Also Explore Oil In SL (Category: Breaking News)
- Another Indian firm to explore oil in Mannar Basin (Category: Business)
BANGKOK (Reuters): More districts of Thailand’s capital were on high alert on Monday with floods bearing down from northern Bangkok as authorities raced to pump water toward the sea and defend the business district. Hundreds of people were evacuated over the weekend as water in residential areas of the northern Lak Si and Don Muang ...
- Residents flee Bangkok after “massive” flood warning (Category: Business)
- Thailand shores up capital as waters creep higher (Category: Business)
- Some success in Thai flood relief, but Bangkok tense (Category: Business)
- Thailand races to defend Bangkok from floods (Category: Business)
BEIJING (Reuters): China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country’s number four-ranked leader arrived for a visit of the continent, including Greece. “We hope that the EU countries concerned will reach a comprehensive settlement plan as soon as ...
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Global leaders urge swift action to resolve Europe crisis (Category: Business)
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
Emirates is bringing forward its first daily A380 service to Germany by serving Munich from 25 November, nearly five weeks earlier than expected. The double decker was originally set to replace EK 49, one of two daily services to Munich, from 1 January 2012. Under a revised schedule, passengers will be able to enjoy the ...
- Emirates’ A380 joins Hamburg Airport centenary celebrations (Category: Business)
- Emirates flies the flag for UAE’s 40th birthday (Category: Business)
- Emirates inaugurates A380 service to Amsterdam (Category: Business)
- Emirates’ Rome A380 service underway (Category: Business)
Professionals are shy to raise critical issues in public!It is believed that the single focus advocacy proposal of the Joint Chambers of Commerce and Industry for the Budget 2012 to address is the continuing high priority of enhancing the ‘ease of doing business in Sri Lanka’. A president of a chamber holds a publicly articulated ...
- Economic management and the way forward (Category: Business)
- Time for reflection, reality check, risk mitigation and lessons learnt action (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Investing in the Northern Province: Constraints and countering them (Category: Business)
Reuters: Arab foreign ministers stopped short of suspending Syria from their regional organisation on Sunday over its military crackdown on dissent, instead urging the government and opposition to negotiate an end to the violence. “We will call all of the parties of the opposition and government to hold a dialogue within 15 days,” the League’s ...
- UN assembly adopts resolution condemning Syria (Category: Business)
- Arabs approve sweeping sanctions on Syria (Category: Business)
- Russia vetoes UN resolution against Syria (Category: Business)
- UN envoy Brahimi says Syria mission ‘nearly impossible’ (Category: Breaking News)
Reuters: Abu Dhabi’s Etihad Airways is in talks with Britain’s Virgin Atlantic to join the UK carrier in its bid for bmi, the loss-making unit of Lufthansa, two sources familiar with the matter said on Monday. The fast-growing Middle East carrier is also discussing a possible stake in Virgin Atlantic, said one source. The Financial ...
- Lufthansa, IAG to enter exclusive bmi talks (Category: Business)
- British Airways beats Virgin to buy bmi (Category: Business)
- Etihad Airways cleared to buy more of Virgin Australia (Category: Business)
- Qantas could 'go under' (Category: Australia, Queensland)
ROME (AFP): Protesters torched cars and smashed up banks in Rome on Saturday while clashes erupted in New York’s Times Square on a day of worldwide demonstrations against corporate greed and government cutbacks. Tens of thousands took to the streets of the Italian capital for a march that turned violent and equal numbers rallied in ...
- Wall Street protest plans global rally ahead of G20 (Category: Business)
- Gandhi clan blamed for keeping India in poverty (Category: Business)
- Mafia now ‘Italy’s No. 1 bank’ as crisis bites: Report (Category: Business)
- Tens of thousands of protesters pile pressure on Putin (Category: Business)
DNH Financial shares some key insights to the upcoming earnings season and how to manage investments in the Colombo stock marketFIn the absence of any significant news, the Sri Lanka bourse continued to trade on a lacklustre note with the ASPI and MPI falling by 2.2% and 1.7%WoW to close the week at 6,550 and ...
- Corporate earnings impressive, time to start bottom fishing? (Category: Business)
- Bullish DNH forecasts ASI hitting 7,500 in 3Q; 9,000 by year-end (Category: Business)
- DNH Financial says market can be beaten (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
Reuters: More than 100 million rural Chinese people will settle in towns and cities in the next decade, testing provision of welfare and services as a new generation of migrants turn their backs on farming, according to a new government report. The National Population and Family Planning Commission report forecast that by 2020, China’s urban ...
- China economy faces risk of hard landing – Govt. economist (Category: Business)
- No new China stimulus, says former Deputy Central Banker (Category: Business)
- Asia’s economy heading for “yo-yo” year in 2012 (Category: Business)
- Asia’s economy heading for ‘yo-yo’ year in 2012 (Category: Business)
The world’s economies are competing for investment, in order that they create jobs for their citizens and trade effectively in goods and services in this globalised world economy. Barriers and restrictions are tumbling down as nation states compete against each other, to become attractive to investors.Competitiveness is a comparative concept of the ability of a ...
- Sri Lanka calling (Category: Business)
- Why Lion leads frontier (Category: Business)
- Lion leads frontier markets (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
LONDON (AFP): Former Pakistan cricket captain Salman Butt agreed to score no runs in an over during a Test against England last year as part of a betting scam, a court in London heard on Thursday. Prosecutors said Butt confirmed in a telephone call with his agent — a conversation recorded by an undercover journalist ...
- Pakistan players wanted to lose to damage Afridi – Court (Category: Business)
- Pakistani Amir freed from jail after spot-fixing (Category: Business)
- Pakistan trio guilty of spot fixing (Category: Business)
- Pakistan’s Asif released from British jail (Category: Business)
The misery continues at the Colombo stock market as its year to date return yesterday dipped below the 1% threshold once again, a level last witnessed in mid July. A 0.4% dip in All Share Index saw the year to date dip from Wednesday’s 1.06% to 0.63% yesterday. On 19 July the Bourse was recording ...
- Losses at Bourse balloon to Rs. 142 b (Category: Business)
- Stock market on Wednesday (Category: Breaking News)
- Rs. 44 b in value wiped out from Bourse (Category: Business)
The genie of separationThe agitation for a new state called Telangana for the Telagu-speaking people of India is in the news again. At the time of writing, there is an agitation going on, sometimes turning violent. An announcement in 2009 by Home Minister Chidambaram that the Government of India had decided to carve out a ...
- Middle East on Edge, India’s Vote Marathon, and Lanka’s Long Election Eve (Category: Breaking News)
- From King Elara To Narendra Modi, Evolution Of A Geopolitical Impasse (Category: Breaking News)
- National planning: The need for consistency (Category: Business)
BEIJING (Reuters): China should refrain from boosting credit and fiscal spending again as stimulus measures to avoid fueling inflation and pushing up government debt, Wu Xiaoling, a former deputy central bank governor said in remarks published on Monday. “Currently, China’s economy faces inflationary pressures as well as pressures on government debt, which means we ...
- Cherishing China! (Category: Business)
- Risky Loans (Category: Business)
- Debt Berg (Category: Business)
- SL-China sign 16 agreements (Category: Business)
(Reuters) – Argentina’s government plans to use foreign currency reserves again next year to pay off a portion of its debt, Pagina 12 newspaper reported on Friday, citing Deputy Economy Minister Roberto Feletti. The government submitted its 2012 budget bill to Congress late on Thursday but journalists had no access to the text. The bill was expected ...
- Devaluation divide (Category: Business)
- Conquest of bread and the sin of borrowing (Category: Business)
- Moody’s say IMF funds to Sri Lanka is ‘credit positive’ (Category: Business)
Reuters: It’s not just dictators. Governments around the world, many of them popularly elected, have tried for years to control the internet and social media, dismayed by their potential to incite violence, spread mischief and distribute pornography and dissent. But in Asia, home to everything from free-wheeling democracies to totalitarian regimes and others in between, ...
- Web surfers to pay online using Facebook, Twitter (Category: Business)
- Iran readies domestic Internet system, blocks Google (Category: Business)
- ‘Hunger Games’ success spells trouble for TV ads (Category: Business)
- Wikipedia to shut for 24 hrs to stop anti-piracy act (Category: Business)
Women in South AsiaFollowing is the address delivered by the High Commissioner of Pakistan Seema Ilahi Baloch at the South Asia Women in Media Forum: The women of South Asia must be proud, because our land can boast of some of the greatest women leaders of our times. Sirimavo Bandaranaike, Indira Gandhi, Benazir Bhutto, Husina ...
- More Women In Politics For Better Politics (Category: Breaking News)
- More Women In Politics For Better Politics (Category: Breaking News)
- More Women In Politics For Better Politics (Category: Breaking News)
- More Women In Politics For Better Politics (Category: Breaking News)
I do not think any recent issue related to nature and environment has generated such an avalanche of news, views, controversies, and information, as did the now concluded wild elephant census of the Department of Wild Life Conservation (DWLC) of Sri Lanka. The DWLC study covered 65,000 sq km (the total area of Sri Lanka) ...
- ELEPHANT CENSUS PLANNED (Category: Breaking News)
- A trunk tale - Sri Lanka Asia’s home for highest density of wild elephants (Category: Business)
- Elephant problems are our problems (Category: Business)
- Sri Lanka elephant numbers 'good' (Category: Breaking News)
Millennium Information Technologies (MillenniumIT), a leading technology solutions provider yesterday announced the appointment of Amit Alok as its new President and General Manager. Two years ago MillenniumIT became part of London Stock Exchange Group Plc, the international exchange business, and since then has gone from strength to strength, providing the Group with the world’s faste...
- London Stock Exchange powered by Lankan software (Category: Breaking News)
- Oracle selects MillenniumIT as ‘Partner of the Year’ (Category: Business)
- MillenniumIT gives Chittagong Bourse the Advantage (Category: Business)
- MillenniumIT’s exchange technology goes live in three continents (Category: Business)
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