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President Mahinda Rajapaksa has arrived in Sri Lanka early Sunday after completing a successful tour in Cuba and Brazil where he participated in the United Nations Conference on Sustainable Development (UNCSD), Rio+20 held in Rio de Janeiro. During his tour in Cuba prior to the Rio+20 summit, the President met with the Cuban Leader Raul ...
- Sri Lankan President returns after successful tour in Cuba and Brazil (Category: Breaking News)
- President to deliver speech at Rio+20 summit (Category: Breaking News)
- Sri Lankan President leaves Havana for Brazil to attend Rio+20 (Category: Breaking News)
- Manmohan Singh pressured Lankan president at Rio+confereance (Category: Breaking News)
Differences of opinion are normal It is not unusual for one to find instances where there is a difference of opinion as to how one sees oneself and how others see him. Such differences invariably lead to hurling charges at each other and even making counter-charges to prove that the original opinions expressed had all ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P’s soother! (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
A new social contract between Government and the people The Friday Forum comprises a group of concerned citizens who have come together to consider current issues of public interest with a view to making meaningful contributions towards peace, democracy, good governance and social justice in Sri Lanka. The recent attack on the Dambulla Mosque is ...
- Friday Forum Wants New Social Contract Between Government And The People (Category: Breaking News)
- Govt must assure the public of the independent status of the Attorney General (Category: Breaking News)
- Friday Forum submissions to Lessons Learnt and Reconciliation Commission (Category: Breaking News)
President of the UNCSD, Secretary General of the UN, excellencies, ladies and gentlemen, it is indeed a great pleasure for me to be here in Rio de Janeiro and to share my thoughts at this momentous event. The presence of so many Heads of State and Governments, Senior Ministers, Officials and thousands of members of ...
- Rio+20 and the developing world (Category: Business)
- President faults developed nations for environmental crisis (Category: Breaking News)
- Saving environment: not task of developing countries alone: President at Rio+20 (Category: Breaking News)
- World leaders gather at RIO for Sustainable Summit (Category: Breaking News)
The Central Bank of Sri Lanka notes with grave concern, a statement by Standard and Poor’s, issued yesterday, on the Sri Lankan Banking System and wishes to state that the statement is factually incorrect, illogically analysed, and is highly contradictory. 1. Soundness of the Banking System Quite contrary to the rationale for the statement, Sri ...
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P’s soother! (Category: Business)
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)
As Sri Lanka-Japan bilateral discourse completes 60 memorable events, Japan has become our seventh largest international trade partner. “The total bilateral trade turnover between the two nations has grown to $ 1,250 m in 2011. Japan, our seventh largest trade partner in 2011, has always been a key trading nation as well as a generous ...
- Looking East (Category: Business)
- Sri Lanka, Japan talk of FTA (Category: Breaking News)
- Japan to consider Special Trade Agreement with Sri Lanka: Japanese minister (Category: Breaking News)
- Japan to consider possible FTA with Sri Lanka (Category: Breaking News)
In this changing global scenario where developing countries can no longer depend on their traditional developed markets for export incomes, economists, trade experts and international agencies advocate regional integration as a better option for developing countries to divert their exports. But this option also has its limitations as seen by the limited success of trade ...
- South Asia least integrated in world: WB (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- Regional integration (Category: Business)
- ‘Growing Together’: The ‘Asia Pacific century’ (Category: Business)
Top economist and public servant R.A. Jayatissa has recently assumed duties as the Chairman of Sri Lanka Insurance Corporation. Previously the SLIC Chairmanship was held by President’s Chief of Staff Gamini Senerath. Jayatissa, an economist, was the Deputy Secretary to the Treasury and Senior Economic Policy Advisor to the Ministry of Finance and Planning. He ...
- WatchTower (Category: Business)
- Can Read (Category: Business)
- Dissenting Voice (Category: Business)
- Trajectory (Category: Business)
UNP MP Karu Jayasuriya in a statement yesterday condemned the attack on Friday on a JVP meeting in Katuwana area in Hambantota district killing two persons and charged that the Government was thriving via goons. Following is the full text of Jayasuriya: A situation is emerging in the country where, permission is needed from goons ...
- Political Patronage For Armed Goon Squads? (Category: Breaking News)
- JVP Blames Govt. For Katuwana Shooting (Category: Breaking News)
- Combating winged terror (Category: Breaking News)
- Uphold the Rule of Law (Category: Breaking News)
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader Antonis Samaras called for broad support after winning Sunday’s election over the Syriza party, wh...
- Greeks seek better terms after Spanish rescue (Category: Business)
- World economies prepare for panic after Greek polls (Category: Business)
- Asia shares fall to 2012 lows as Europe worries weigh (Category: Business)
- Greek Cabinet formally approves bailout deal (Category: Business)
All newspapers carried headlines a few days ago stating that May 2012 tourist arrivals have increased by 17.5% from last year. It is reported that the May arrivals of 57,506, was higher than even that of April, which showed only a 9% increase YOY. So far, total arrivals for 2012 up to end May is ...
- Showcasing Sri Lanka and driving demand (Category: Business)
- 2012, another positive year for tourism – BMI (Category: Business)
- More hotels to satisfy demand (Category: Business)
Reuters: Sri Lankan shares rose on Friday as investors snapped up blue-chip companies, helping the main index recover. The Colombo Stock Exchange’s main index closed 1.4 per cent or 68.19 points firmer to end at 4,991.21, its highest since 25 May. “The market has fallen too much and now it is trying to correct itself,” ...
- Inflation rises to six month high of 5.5% (Category: Business)
- Audi July unit sales up 16%, driven by China (Category: Business)
- Fitch affirms Hatton National Bank at ‘AA-’ (Category: Business)
- Positive results for Asia Pacific hotels in Sept (Category: Business)
Reuters: Sri Lanka may need to consider easing monetary policy if trade data for May and June point to significant weakness in global demand for the island’s goods, the Treasury Secretary told Reuters on Thursday. A further export slowdown would put additional pressure on the economy as domestic demand has already shown signs of cooling ...
- Rupee hits record low ahead of rates decision (Category: Business)
- Inflation seen at 42-month high in July (Category: Business)
- Rupee slips on importer dollar demand; stocks flat (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
KUALA LUMPUR: The Sri Lankan Government intends to emulate Malaysia’s steps in advocating the concept of moderation, taking the middle path and promoting it in the republic. The Sri Lankan High Commissioner to Malaysia, K. Godage, opined that the concept is apt for Sri Lanka, which is entering a new chapter after the civil war ...
- SRI LANKA CAN LEARN FROM M'SIA'S MODERATION CONCEPT FOR NATION BUILDING: ENVOY (Category: Breaking News)
- Sri Lanka can learn from Malaysia, says envoy (Category: Breaking News)
- Sri Lanka Can Learn From Malaysia's Moderation Concept For Nation Building: Envoy (Category: Breaking News)
- IMF has given govt. blank cheque – Charitha (Category: Breaking News)
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 ...
- Euro zone crisis heads for September crunch (Category: Business)
- Euro zone seals second Greek bailout worth 130 b euros (Category: Business)
- Merkel scrapes win on Greek bailout, rebels grow (Category: Business)
- World stocks, euro rise on hopes Greece ditches referendum (Category: Business)
RIO+20 is the next focus point for the world and as President Mahinda Rajapaksa takes Sri Lanka’s concerns to this international forum, it is perhaps time for a larger discussion on its importance to a developing country as well as the world at large. Twenty years ago, it was mostly people who were displaced by ...
- 'Agreement reached' at Rio summit (Category: Technology)
- Economic development must respect environment, Sri Lankan President tells Rio+20 conference (Category: Breaking News)
- Sri Lanka and Iran for a new world order (Category: Breaking News)
- ‘Colombo+20: The Future We Want’ on 1 July (Category: Business)
Reuters: Sri Lankan stocks jumped 1.6 per cent on Thursday to a more than three-week high on institutional buying of blue-chips stocks like John Keells Holdings PLC in an oversold market after the central bank kept policy rates steady. The Central Bank held the key policy rates unchanged on Wednesday. The main index rose 1.61 ...
- Inflation drops further in July (Category: Breaking News)
- Central Bank seen holding rates, SRR steady (Category: Business)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
- Sri Lankas trade deficit widens in May (Category: Breaking News)
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)
Despite the Central Bank’s positive Monetary and External Performance reports this week, the Ceylon Chamber of Commerce (CCC) has called for vigilance in moving forward. Releasing a statement yesterday, the CCC noted that the Government had introduced a package of courageous macroeconomic stabilisation measures in February 2012. “These were necessary to avert the balance of ...
- Chamber of Commerce expresses views on the Economy (Category: Breaking News)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Appropriate actions prompt Fitch to affirm Sri Lanka at ‘BB-’; Outlook Stable (Category: Business)
- Sri Lanka’s External Finances under Pressure – Fitch (Category: Breaking News)
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)
With the end of the war, there was a desire throughout the country for a peace dividend. Over the 30 years of the conflict, pent-up demand had built up both for consumption and investment expenditure. The authorities were under intense political pressure to create an environment that was conducive to finance imports of consumption goods, ...
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- CCC says no room for complacency (Category: Business)
- Under President’s leadership, numerous programs have been launched to foster an investment-frien... (Category: Breaking News)
By Cassandra Mascarenhas In a knowledge economy, learning becomes a vital ingredient for power and furthering the need for continuous learning, the Chartered Institute of Chartered Accountants’ annual flagship event, the CIMA Business Leaders Summit 2012 conducted the technical sessions, the second half of its two-day agenda. “Our theme is about power. Power existed even ...
- Wade to speak on the power of ‘Yes’ at CIMA Business Leaders Summit 2012 (Category: Business)
- India see off Wade threat to make it 4-1 (Category: Breaking News)
- Wade suspended for two matches for third code of conduct breach (Category: Breaking News)
- Business success: sustained through effective branding and good governance (Category: Business)
Keynote on ‘Leveraging the Power of Asia’The highly useful and influential CIMA Business Leaders Summit will be inaugurated this evening at the Cinnamon Grand Hotel, whilst the sessions proper will be held tomorrow. The event as an intellectual engagement seeks to educate Sri Lankan entrepreneurs on the projected global business trends and provide them the ...
- Austell Store Owners Have Tough Questions About City Ordinance (Category: USA, Georgia)
- Sagamore Farm moving from horse racing to rye business (Category: USA, Maryland)
- Apple v Google maps: which is better? (Category: Australia, Queensland)
- Ore. man files cannabis candy appeal (Category: USA, Washington)
Positioned as the new Asian gatewayand one of the fastest growing economies in the world, Sri Lanka’s maritime and logistics initiatives were given another boost from Seatrade’s new launch event. Executives attending the reception at the Colombo Hilton last week were given an informed presentation by Seatrade executives, as to why this timely conference that ...
- State-run SLPA wins three prestigious Seatrade awards (Category: Business)
- Mercantile Seamen Training Institute honoured (Category: Business)
- Priyath B Wickrama is Sea Trade Young Person (Category: Breaking News)
Minister of Justice and SLMC Leader Rauff Hakeem met the President of the Kuwait Chamber of Commerce and Industry Ali M. Thunaian Al-Ghanim at the Kuwait Chamber headquarters recently during his visit. Hakeem briefed Al-Ghanim on the advantageous of investing in Sri Lanka in the post conflict situation and urged the Kuwait business leaders to ...
- Kuwaiti Minister of Justice calls on Minister Hakeem (Category: Business)
- Strong Kuwaiti support for reconciliation process (Category: Breaking News)
- Sri Lanka and Kuwait to renew joint trade sessions after 15 years (Category: Business)
- Sri Lanka secures direct access to fifth largest global buyer of Pure Ceylon Tea (Category: Business)
Bold measures The Government of Sri Lanka introduced a number of bold macroeconomic stabilisation measures in February/March 2012. These were necessary as the country was on a trajectory to a very destructive balance of payments crisis. It is still too early to determine whether enough has been done to stabilise the balance of payments, particularly ...
- Lanka growth to dip below 7.5% – IMF (Category: Business)
- CCC says no room for complacency (Category: Business)
- Moody’s say IMF funds to Sri Lanka is ‘credit positive’ (Category: Business)
- Treasury Chief urges help for balance of payments (Category: Business)
I refer to your ‘Letter to the Editor’ on 31 May 2012. It is surprising that an economist of Dr. P B Jayasundera’s calibre and experience would need to be told that protectionism is not the right tool for increasing local production and exports. However, when I saw the name of the author of the ...
- Seminar on Advanced Agricultural Technology and Quarantine Regulations (Category: Business)
- Airport for Kandy: Agriculture Minister opposes selected location (Category: Breaking News)
- Tea crop rebounds in November (Category: Business)
- Bahrain launches $265 million food security fund (Category: Business)
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