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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)
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 may be overblown three years after the end of the ...
- 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)
On Friday (7) afternoon, the eve of provincial council elections in three provinces, a certain gathering took place at 101, Rosmead Place, which houses the corporate offices of Democratic National Alliance (DNA) National List Parliamentarian, Tiran Alles. Consultations that lasted for hours, took place between Alles and UNP Deputy Leader Sajith Premadasa and a few ...
- Towards impunity and democratic erosion (Category: Business)
- Monsoons and elections (Category: Business)
- Election fever grips as political parties begin campaigning (Category: Business)
- Outside conspiracies will not be allowed – Mahinda (Category: Business)
By Shanuka Tissera Amendments to the Petroleum Products (Special Provisions) Act have been finalised and approved by the Attorney General. It is expected that both bills will be presented to Parliament shortly for enactment. Pending the enactment of new legislations, the Cabinet of Ministers has appointed the Public Utilities Commission of Sri Lanka (PUCSL) as ...
- Lanka Lubricants losing market share at a slower pace: Arrenga Capital (Category: Business)
- In-depth workshop on lubricant industry today (Category: Business)
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (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)
The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in ...
- Global food prices near 3-year highs – World Bank (Category: Business)
- Resource depletion: Opportunity or looming catastrophe? (Category: Technology)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Japan says El Nino emerges, raising fears on food prices (Category: Business)
By Nisthar Cassim The world’s leading nutrition, health and wellness company, Nestlé said last week Sri Lanka is a high growth market with strong upside in tandem with improving socioeconomic development aided by the end-of-war benefit. “We are experiencing double digit growth in Sri Lanka and see very positive prospects going forward. Our commitment to ...
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
- Nestlé Worldwide Executive Vice President in town (Category: Business)
- Nestle Lanka ends 2011 with strong results (Category: Business)
- Rs. 1.1 b Nestle rice noodle plant to serve convenient-foods hungry Sri Lanka (Category: Business)
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 .....
- SriLankan Airlines’ IAA completes first TAASL member agent training program (Category: Business)
- SriLankan goes daily to Beijing, Shanghai from mid-July (Category: Business)
- SriLankan lauded for role in tourism promotion (Category: Business)
- House of SriLankan Airlines chairman robbed (Category: Breaking News)
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 ...
- Vitol Group refutes allegations on inferior diesel fiasco (Category: Business)
- Vitol fumes over continuity in alleged discrimination by CPC (Category: Business)
- Vitol denies charges of contaminated diesel (Category: Breaking News)
- CPC seeks 310,000 barrels gasoil, gasoline (Category: Business)
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 ...
- Hub is no hoodoo, says TEA (Category: Business)
- EDB turns 33 (Category: Business)
- Public diplomacy: A missing dimension in our foreign policy (Category: Business)
- Insights on Public Diplomacy (Category: Business)
by Sarath De Alwis The crisis is not in our system of higher education. The crisis is in not knowing what higher education is. Arrogance of presumed superior knowledge of the policy makers and dogmatism of the teachers has precipitated a debate that reflects a pedantry of crisis proportions. We do not seem to have ...
- Whither The National Education Policy Framework Of Sri Lanka? (Category: Breaking News)
- Friday Forum on crisis in the education sector (Category: Business)
- Say no to NEPF! Say no to abolishing free education! (Category: Breaking News)
- Free education and parents’ aspirations (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (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)
Opposition MPs warn post-war gains will be wasted unless Govt. puts house in order Insist on better policies, respect for law and order Call for common agenda for clear and consistent regulations By Uditha Jayasinghe Opposition politicians joined the private sector yesterday in calling for the Government to work on law and order and consistent ...
- A Budget for all! (Category: Business)
- Govt. to table all land deal documents in P’liament today (Category: Business)
- Sri Lanka’s Iran crude imports may drop up to 20% (Category: Business)
- IMF cuts Sri Lanka’s growth forecast but says future stable (Category: Business)
Maintaining that the Government was on the right course, Treasury Secretary Dr. P.B. Jayasundera yesterday urged the private sector to adapt as well as tap unprecedented growth potential, harnessing supportive policies and other measures. Delivering the keynote at the first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit, Dr. Jayasundera in ...
- Treasury Chief urges help for balance of payments (Category: Business)
- Expert views on key issues (Category: Business)
- Believe us today like when the going was good: Dr. PB (Category: Business)
- Treasury Secy. says need further monetary tightening (Category: Business)
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit yesterday under the theme ‘Positioning Sri Lanka in the Global Economy’ Chairman, ...
- Govt. on right course, private sector must adapt and grow: Dr. P.B. (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
Poor rainfall throughout Sri Lanka during the past few months has caused a drought unheard of during recent history. Particularly affected Districts are Kurunegala, Puttalam, Anuradhapura, Polonnaruwa, Batticaloa, Ampara, Nuwara Eliya and Badulla. Farmers complain that their crops are being ruined or are on the verge of being ruined. Some villages complain of the shortage ...
- Drought and lessons learned (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Mahaweli Project – North Central Province canal: A tunnel in the wilderness? (Category: Breaking News)
- Lack of irrigation water for paddy cultivation: A way out (Category: Breaking News)
telegraph.co.uk: Sri-Lankas-former-army-chief-Sarath-Fonseka-calls-for-Arab-Spring-style-uprising.htmlGeneral Sarath Fonseka, the former Sri Lankan army chief jailed for running as an opposition candidate, has declared he will lead an Arab Spring-style uprising to force the government from office. Outlining his return to active politics after he was released from jail in May following pressure fro...
- Fonseka Begins Fast to Protest Treatment (Category: Breaking News)
- “Go Back To The Army”, Vasudeva tells Sarath Fonseka (Category: Breaking News)
- “Go Back To The Army”, Vasudeva tells Sarath Fonseka (Category: Breaking News)
- “Go Back To The Army”, Vasudeva tells Sarath Fonseka (Category: Breaking News)
Govt. calls for strong energy conservation to prevent shortages, says hydro at 12%, CEB loses Rs. 200 m a day By Uditha Jayasinghe Despite the drought, the Government yesterday assured that there would be no power cuts but stressed on the need to increase power conservation to continue generation until the next monsoon season. ...
- Losses For This Year Rs. 29 Bn Says Minister (Category: Breaking News)
- CEB Spends Rs. 4.5 Million For Stall (Category: Breaking News)
- No light for CEB! (Category: Business)
- CEB is not a burden on national economy, says Power Minister (Category: Business)
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...
- Internationalization of Rupee – India’s Big Leap (Category: Breaking News)
- Foreign Navies request SLN training (Category: Breaking News)
- Bilateral Links (Category: Business)
- All-women delegation from India to visit Sri Lanka (Category: Breaking News)
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)
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
- Green growth not targets needed for 2015 climate deal (Category: Business)
- Climate change: The definitive challenge of the 21st century (Category: Business)
- Be a part of Earth Hour 2012 (Category: Business)
- Climate Change: A Red Flag For Environmental Security In Sri Lanka (Category: Breaking News)
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 to their accountability. Despite this, and setting ...
- 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)
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)
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
Lanka IOC has raised the price of diesel. It has for some time been asking that it be allowed to determine its own prices. But unfortunately it caters to too small a market share and cannot afford to get too far out of step without losing business. Now that world oil price is slipping, there ...
- Petroleum Industries Ministry to fight LIOC price stranglehold (Category: Breaking News)
- CPC chairman reveals reasons for fuel price hike (Category: Breaking News)
- CPC chairman reveals reasons for fuel price hike (Category: Breaking News)
- Fuel price drop in the world market can be considered only after six weeks – Petroleum Minister (Category: Breaking News)
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
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