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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)
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)
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)
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)
Around 1,000 delegates in town for Commonwealth Parliamentary Conference and connected activities this week The entire Common-wealth is literally here as Sri Lanka plays host to the grouping’s annual gathering of Parliamentarians – this week, giving the country an excellent opportunity to be assessed firsthand as well as lift its profile globally. The 58th Annual ...
- Sri Lanka ready to host Commonwealth Parliamentary Conference next month (Category: Business)
- Sri Lanka to host Commonwealth Parliamentary Association conference (Category: Business)
- SPEAKER TO BECOME CPA CHAIRMAN (Category: Breaking News)
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)
Commending the considerable role played by Sri Lanka Missions overseas in the field of promoting Tourism, the Sri Lanka Tourism took steps to create a new category of tourism awards for Sri Lanka Missions in promoting Tourism for the year 2011, among its newly introduced 21 award categories. Accordingly, the Sri Lankan Embassies in Russia, ...
- Foreign Ministry coordinates efforts through Sri Lanka.... (Category: Breaking News)
- Heads of Sri Lankan missions summoned for a special meeting today (Category: Breaking News)
- Guidebook on Sri Lanka in Russian published (Category: Business)
- Guide book on Sri Lanka in Russian language debuts (Category: Business)
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
- Aitken Spence Hotels observe Earth Hour 2012 (Category: Business)
- Leading corporates commit to embedding ‘Global Compact and Sustainability’ (Category: Business)
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
- Make preparations count (Category: Business)
- Govt. readies for next UN session with national plan for human rights (Category: Business)
- Govt. appoints ministerial committee on human rights ahead of UNHCR sessions (Category: Business)
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
- Mudalige out; Kalinga in (Category: Business)
- Ex-SEC DG Channa appointed to Pan Asia Bank board (Category: Business)
- Ex-Bribery Chief laments non-payment of arrears (Category: Business)
- SEC Annual Report: No show of Indrani and thankless to ex-DG Malik (Category: Business)
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
- Lion leads frontier markets (Category: Business)
- Commercial Leasing and Finance maintains impressive growth in profits (Category: Business)
- AmCham to promote fixed rate, low cost financing from USA (Category: Business)
- AmCham partners with ISEL to bring in US investment to Sri Lanka (Category: Business)
Arrived at the Pearly Gates four months early. Better to play it safe as monumental traffic jams are prophesied for 21 December. Checking in was unexpectedly swift; my host at the stately abode better known as the Temple Trees was expecting me. An air of tranquillity and affability greeted me instead of a militarised, regimented ...
- 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)
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Branding Sri Lanka (Category: Business)
Both governments to double bilateral trade to USD 10 billion by 2015 The High Commission of India and the Indian expatriate community in Sri Lanka celebrated the 66th Independence Day of India yesterday at the India House in Colombo. Indian High Commissioner Ashok K. Kantha hoisted the Indian national flag, which was followed by ...
- Indo-Lanka bilateral trade up 70% to record $ 5 b in 2011 (Category: Business)
- India celebrates 65th Independence Day (Category: Business)
- Indian expatriate community celebrate 63rd Republic Day (Category: Breaking News)
- India’s 63rd Republic Day celebrated in Colombo (Category: Business)
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
- Real potential of the Colombo stock market (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- More about the real potential of the stock market (Category: Business)
Reuters: Tourist arrivals in July rose 7.8% from a year earlier, Government data showed on Tuesday. The number of visitors has risen year-on-year in the past 39 months since a 25-year civil war ended in May 2009. The Tourism Board expects over one million tourists in 2012, yielding revenue of more than $ 1 billion, ...
The office bearers of the Sri Lanka-China Business Council (SLCHBC) of the Ceylon Chamber of Commerce paid a courtesy call to the newly appointed Ambassador of the People’s Republic of China Wu Jianghao in Colombo. The visit intended to renew the strong ties established between the Council and the Embassy of China in Colombo. Recalling ...
- China assures further strengthening of business ties with Sri Lanka (Category: Breaking News)
- Sri Lanka, China to further strengthen business links (Category: Breaking News)
- Lanka likely to be off the hook at UNHRC session (Category: Breaking News)
- EU, China leaders seal long-awaited investment deal (Category: USA, South Dakota)
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events
- Economic growth to rebound in 2013: SCB (Category: Business)
- Economic Outlook: A tough year ahead but measures in right direction (Category: Business)
- OPIC funding to provide opportunities for growth (Category: Business)
- 2012 Budget in focus (Category: Business)
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 ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Lanka’s exports to Singapore clock highest growth in 1H (Category: Business)
- What’s happening to India’s growth drivers: Exports? (Category: Business)
- Sri Lanka’s trade success in EU markets is not accidental, says Rishad (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)
Diversified blue chip Aitken Spence Plc has reported a pre-tax profit of Rs. 918 million for the first quarter, a growth of 25%, over the previous year, while the Group’s revenue rose by 54% to Rs. 8.61 billion. Earnings per share for the quarter stood at Rs. 1.58, an increase of 16% over the corresponding ...
- Rs. 630 m windfall for Aitken Spence from port venture exit (Category: Business)
- Aitken Spence’s 9 month profits up 24% to Rs. 3 b (Category: Business)
- Harry triggers Takeover Code on Aitken Spence (Category: Business)
- Aitken Spence 1H profit before tax up 7.5% to Rs. 1.7 b (Category: Business)
A recollection of collective victory The Sri Lanka Export Development Board (EDB) celebrates its 33rd anniversary in August 2012. EDB deserves a high degree of praise for its remarkable contribution made toward the socioeconomic development of the country, the key national institution for export development and promotion during the last 33 years, sharing its responsibility ...
- Towards promotional goals (Category: Business)
- Sri Lanka Expo 2012 – A showcase of high quality products and services (Category: Business)
- The puzzling EDB Strategic Plan (Category: Business)
- Fresh boost for floriculture exports (Category: Business)
Every country must have a socioeconomic model for developing the country and achieving sustainable growth and prosperity. The function of a sound model is to transform aspirations into reality by identifying all that needs to be done to achieve the aspirations. What is prosperity? What do we mean by prosperity for a country? My ...
- MillenniumIT’s exchange technology goes live in three continents (Category: Business)
- Why Are The Tamils Of The North & East Wanting To Live Separately From The Sinhalese? (Category: Breaking News)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
- Independence is only meaningful if all people able to live free of fear and suspicion (Category: Breaking News)
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
An important feature of the recent Sri Lanka Economic Summit, which both the Guest Speaker Gurcharan Das, Author, Columnist and Management Consultant and Keynote Speaker Dr. Kalpana Kochar, Chief Economist – South Asia of the World Bank, referred to were the opportunities presented to Sri Lanka by the ongoing process of globalisation and particularly the ...
- Achieving economic goals amidst global challenges (Category: Business)
- Signs of an economic doomsday… is there a way out? (Category: Business)
- Positioning Sri Lanka in the global economy (Category: Business)
- Development-led globalisation (Category: Business)
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
- Solheim Looks Back On The Peace Process (Category: Breaking News)
- Wikileaks: Norwegians Concerned Over JVP’s ‘Ugly’ Campaign (Category: Breaking News)
- Sri Lankans In Wikileaks (Category: Breaking News)
- Sri Lanka and the Spectre of an International Investigation (Category: Breaking News)
Reuters: Sri Lanka now expects 2012 tea production of around 325 million kg, below its target of 330 million kg, as output has fallen in the last five months due to drought, the State-run Tea Board said. Tea production in the first half of the year fell 4.3 per cent year-on-year to 163.26 million kg ...
- JANUARY TEA OUTPUT INCREASES (Category: Breaking News)
- Kenya tea exports up 10% in first quarter (Category: Business)
- January tea output up 6% (Category: Business)
- July tea output down 11.5% (Category: Business)
During the long war, the Government was preoccupied with financing and fighting it. The Private pector was burdened with uncertainty about the future. Now with the war behind us, we must examine and debate strategic options for developing our country. One of the key options is pursuing a globalisation strategy. CEPAs and FTAs are variations ...
- Banking foresight – Shaping integrated development (Category: Business)
- We must have a socioeconomic model for growth and prosperity (Category: Business)
- Response to Dr. P.B Jayasundera on why protectionism is not the answer (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
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