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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 ...
From 1 January 2013, EK203 from Dubai to JFK, and its return sector EK204, will become A380 flights, offering an increased capacity of almost 1,000 additional seats in both directions every week. The service is currently operated by a Boeing 777-300ER. “Emirates is experiencing very high demand for its New York flights and the start ...
Reuters: Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro zone . Britain announced on Thursday it would flood its banking system with cash ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play
Last Sunday when the unknown Ajinkya Rahane scored 103 runs off just 60 balls at the M. Chinnaswamy Stadium in Bangalore, which helped the Rajasthan Royals to score a massive 195 runs at IPL season five, my mind went to just one ethos the IPL is all about – highlighting performance. It is how IPL ...
PYONGYANG,(Reuters) : North Korea’s new leader delivered his first major public speech on Sunday as the impoverished state celebrated the centenary of its founder’s birth, calling for a push to “final victory” despite a failed rocket launch two days earlier. A jowly Kim Jong-un, clad in black and the third of his line to rule ...
Reuters: Federal Reserve policymakers on Monday signaled little appetite for further monetary steps to stimulate U.S. growth in an economy that is gradually strengthening. “With my current outlook, I think our policy stance is still the one best suited to foster steady gains in output
Reuters: On a recent Pakistan International Airlines (PIA) flight, water flowed from the toilets through the aisles during the entire journey from London to Islamabad. "What if it reaches some electrical wires and puts us in danger?" said one concerned passenger to another after flight attendants brushed off repeated complaints. "This could be a catastrophe." ...
Sri Lanka’s benchmark stock index, the world’s worst performer this year, may extend its slump as the central bank raises interest rates to curb inflation, according to HSBC Holdings Plc’s private banking unit. HSBC Private Bank, which oversees about $499 billion, will wait for stock valuations to fall to “single digit” multiples before it considers ...
Ambassador updates foreign reporters on post-conflict development and reconciliation in Sri Lanka “Sri Lankans support a home grown solution for reconciliation” Ambassador invites international correspondents to visit Sri Lanka WASHINGTON: Ambassador Jaliya Wickramasuriya hosted a group of foreign correspondents here in a January 25 reception held at his residence, prompting a discussi...
By Dinali Goonewardene Prathilaba was telecast on Rupavahini on Sundays at 10 a.m. The TV documentary, a studio discussion on investing in the stock market was commissioned by the Securities and Exchange Commission and panellists from the stock market industry participated. These included stock brokers, research analysts, fund managers and officials from the Colombo Stock ...
Reuters: North Korean leader Kim Jong-il died of a heart attack while on a train trip, state media reported on Monday, sparking immediate concern over who is in control of the reclusive state and its nuclear programme. A tearful television announcer dressed in black said the 69-year-old had died on Saturday of physical and mental ...
After the recent Commonwealth Games in New Delhi, India, critics found three new words for the acronym ‘CWG’ – Corruption, Waste and lack of Governance. The Chairman of the Indian National Olympic Committee, who was Chairman of the Organising Committee, is presently in Tihar Jail, in Delhi with many of his acolytes, on charges regarding ...
The Free Dictionary defines impunity as ‘exemption from punishment or loss or escape from fines’. In the context of the international law of human rights, it refers to the failure to bring perpetrators of human rights violations to justice and, as such, itself constitutes a denial of the victims’ right to justice and to bring ...
PARIS (Reuters): France announced 65 billion euros of tax hikes and budget cuts over five years, as President Nicolas Sarkozy seeks to protect the country’s creditworthiness in financial markets without killing his chances of re-election in six months time. The main goal was to protect a top-notch credit rating that allows France to fund itself ...
Airline, unions appear again before govt-ordered labour tribunal Qantas says 447 flights grounded, 68,000 passengers affected since Sat PM calls for end to dispute World leaders at Perth meeting among those affected Rival airlines put on more flights MELBOURNE, Oct 30 (Reuters) – Qantas Airways and its unions appeared before a labour tribunal on Sunday ...
Gulf Air, the national carrier of the Kingdom of Bahrain, yesterday took delivery of its first A330-200 aircraft retrofitted with Panasonic Avionics Corporation’s (Panasonic) Global Communications Suite. The comprehensive communications and entertainment solution, ‘Sky Hub’, offers passengers onboard full broadband connectivity to access internet, mobile phone services and, for t...
Our ‘poli-socionomic’ dialogue You will recall that like Capt. Kirk in his Star Ship-Enterprise,’ we also ventured into new territory with our first discussions under this theme ‘poli-socionomics,’ which appears to have caught on somewhat; thus, on behalf of those of us who still dare to think, I must thank those editors who carried it. ...
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