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Much has been spoken of the Sri Lankan economy by different bodies including the guardians of the economy (the Central Bank and Government Treasury). There is constant backlash to the Government bringing out historical events while portraying a very bleak future, although the Government has taken corrective action to address any major economic catastrophe. The ...
- Fitch affirms SLT at ‘BB-’ (Category: Business)
- Bartleet Finance launches ‘Bilindu’ (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
I am shaking rocks! This was a claim made by the Minister of Sports (MOS) in a banner headline run in a recent news article. There is no doubt that he has certainly made a start. In what he claims is the biggest cleanup ever, he has dared to remove some big rocks; the reference ...
- Sri Lanka sports: Mired between power plots and honey pots! (Category: Business)
- Will play only if you pay! (Category: Business)
- Is Sri Lanka Sports being waylaid by mercenaries? (Category: Business)
- The freedom of sports (Category: Business)
The 13th ministerial meeting of UNCTAD concluded last week in Doha, Qatar. This meeting was the first major UN ministerial meeting focused on trade and development since the 2008-2009 economic and financial crisis. At the end of the meeting, the ‘Doha Mandate’ setting out the conclusions agreed at the meeting on policy analysis and the ...
- UNCTAD should address challenges faced by developing world (Category: Business)
- Ambassador Tamara elected Vice Chair of UNCTAD’S Trade and Development Board (Category: Business)
- Development-led globalisation (Category: Business)
- Destabilising Effect (Category: Business)
Sri Lanka, which was a low-income country (per capita income below $ 2,000) until a few years ago, has now reached lower-middle-income country status ($ 2,840). Of course, while Sri Lanka can be proud of this achievement, middle-income country status requires it to operate within a new paradigm. In the ’80s and to a lesser ...
- Global mobility unaffected by financial crisis (Category: Business)
- A stitch in time saves nine - Facing the short-term economic challenges (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
By Cheranka Mendis While the rupee has been hitting record lows on a continuous basis for the past few months, the business community and general public have been abuzz, with speculation rife that a rupee crisis is taking place in the country. Gathered to discuss whether or not there is a rupee crisis and if ...
- Sri Lanka Devalues Rupee, Plans Tax Cuts to Support Growth (Category: Breaking News)
- Sri Lanka may allow Indian rupee to be used in local transactions (Category: Breaking News)
- Sri Lanka rupee makes gains over major currencies  Minister (Category: Breaking News)
- CB intervenes again to defend rupee (Category: Business)
By Mani Shankar Aiyar It is curious but true that although from the time of Mahatma Gandhi leading the struggle for Independence to the present day there has been extensive recognition in India of the imperative of effective Panchayat Raj1 (local self-government) for both deepening India’s democracy and making its development processes “inclusive”, that is, ...
- Governance - Four examples; two bad and two good (Category: Business)
- Rahul Gandhi may succeed as Congress chief in weeks — report (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Stromme strives to fight poverty in global south (Category: Business)
Sri Lanka’s May Day celebrations have long been hijacked by politicians and as with almost everything that falls into their hands, it has become twisted and meaningless entertainment. Distinctive red CTB buses flocked to Colombo on Tuesday carrying thousands of supporters for the Government, which pulled out all the stops to hold the biggest possible ...
- National Signing Day Recap (Category: USA, Mississippi)
- 4 feet of snow fell in NH town, National Weather Service confirms (Category: USA, New Hampshire)
- 4 feet of snow fell in NH town, National Weather Service confirms (Category: USA, New Hampshire)
- National Signing Day Recap (Category: USA, Mississippi)
The need for an integrated program on a war footingIn 2008, eight prizewinning economists were asked to list the type of projects which would do the most good for the most number of poor people, if they had an imaginary $ 75 million to spend. Half of their proposed projects involved nutrition. There has been ...
- Sri Lanka: Tea rich but nutrient poor (Category: Business)
- Dairy: The mirage of self-sufficiency (Category: Business)
- Equity and well-being in Sri Lanka (Category: Business)
MAY Day is for the workers. Therefore it is the best time to take into account the hardships as well as duties that are the birth right, so to speak, of every worker. Sri Lanka is well-known for its pro-employee labour laws, which have been kept largely unchanged, during the last few decades. However, the ...
- ‘This May Day embrace change in world of work’ says EFC DG (Category: Business)
- Blacklisting – the real crime? (Category: Business)
- A record number of Lankans secure foreign employment – Minister (Category: Breaking News)
- More employment opportunities for Sri Lankans in Seychelles (Category: Breaking News)
In recognising International Workers’ Day on 1 May, the Employers Federation of Ceylon (EFC) Director General Ravi Peiris has urged all stakeholders to embrace the change in the world of work. He also emphasised the need for progressive labour legislation if Sri Lanka is to successfully manage the inevitable changes in the world of work. ...
- Meaningful May Day (Category: Business)
- Sri Lanka - NDB Bank celebrates Universal Children’s Day (Category: Education)
- Linking cultures - World Tourism Day 2011 focuses on empowering youth (Category: Business)
- World growth at risk as US employment stumbles (Category: Business)
Sri Lanka’s Ambassador to Belgium, Luxembourg and the EU Ravinatha Aryasinha participating in a discussion on Sri Lanka held by the South Asia Delegation of the European Parliament in Brussels on Tuesday (24), has contrasted the pessimistic projections on Sri Lanka three years ago by some, including sections of the European Parliament, with what has ...
- PTGTE is the latest ruse to perpetuate terrorist struggle (Category: Breaking News)
- Sri Lanka tells EU not to allow use of EU as Platform for LTTE apologists (Category: Breaking News)
- Ambassador Aryasinha presents credentials in Geneva (Category: Business)
With the post war scenario unfolding overseas in a different form, Sri Lanka seems to be at the receiving end of a diplomatic quagmire. Most of the issues that beset the Government on the international front are of its own making. The Geneva resolution could have been avoided if there had been an effective diplomatic ...
- Foreign policy and the Government’s credibility (Category: Business)
- Public diplomacy: A missing dimension in our foreign policy (Category: Business)
- Insights on Public Diplomacy (Category: Business)
- The Katchatheevu Sovereignty Commission (Category: Business)
Technology and Research Deputy Minister Faiszer Musthapha, who was among the Sri Lankan delegation to the UNHRC sessions in Geneva, says there are issues in any country when majorities and minorities live together. “Such issues can only be solved through dialogue. Any third party intervention makes the issues more complicated and totally destroys countries. Iraq, ...
- Sri Lanka unfazed by UN Rights Resolution (Category: Business)
- India’s action and government’s reaction to UNHRC Resolution (Category: Breaking News)
- A tense visit (Category: Business)
- US Pot Boils While Govt. Steps Up Diplomatic Offensive (Category: Breaking News)
Peradeniya Uni's Dr. Perera says exchange volatility is temporary and acceptable IMF's Mathai says no crisis but stability measures taken By Cheranka Mendis UNP MP Dr. Harsha de Silva yesterday made a compelling case that the ‘feel good’ party that the President Mahinda Rajapaksa Government tried to propagate among the people post-war was over, warning ...
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
- Sri Lanka may need to consider easing monetary policy: PB (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
Milinda Moragoda yesterday announced his resignation from the Colombo Municipal Council (CMC) at the meeting of the CMC Opposition Group. At the event Moragoda who was the Leader of the Opposition made a statement to explain his decision. The following are excerpts: During 30 years of war, the citizens of our city had to endure deprivation ...
- Milinda Moragoda resigns from CMC (Category: Breaking News)
- Moragoda denies resigning from CMC to join World Bank (Category: Breaking News)
- UPFA’s CMC members hold inaugural 2012 meeting (Category: Business)
- Will block efforts to convert CMC to an authority: Ranil (Category: Breaking News)
Korea yesterday signed an agreement to extend $ 200 million support for Sri Lanka thereby giving a major boost for ties between the two countries. Witnessed by leaders of the two countries in Seoul an agreement for Korea’s Economic Development Cooperation Fund to provide US$ 200 million for the development activities in Sri Lanka was ...
- Korean President commends Lanka’s economic growth, political stability (Category: Business)
- South Korean President lauds Lanka’s development vision (Category: Breaking News)
- Korean language to national school examinations (Category: Business)
- King Sejotng institution of Korean language and culture (Category: Breaking News)
The Sambhashana discussion organised by Transparency International Sri Lanka will focus on ‘The Rupee Crisis’ on 25 April at the auditorium of the Organisation of Professional Associations (OPA), Stanley Wijesundara Mawatha, off Bauddhaloka Mawatha Colombo 7 from 4 to 6 p.m. MP Dr. Harsha de Silva, Senior Lecturer of University of Peradeniya Dr. Prasanna Perera ...
The UNCTAD, in the present context, should focus on addressing the increasing and diverse challenges faced by the developing world. “My delegation welcomes the theme of this conference, with its focus on addressing development led-globalisation towards sustainable and inclusive development paths. While globalisation was an important and positive phenomenon, it should not be encouraged ...
- Development-led globalisation (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
- Sri Lanka’s trade success in EU markets is not accidental, says Rishad (Category: Business)
- Economic development must respect environment: Mahinda tells Rio+20 (Category: Business)
Sri Lanka should start thinking of real improvements rather than marketing magic, says Simon AnholtQ: Thank you for making time to discuss ‘Brand Sri Lanka’. In your view, on the principles of nation branding, what are the key issues that Sri Lanka must address? A: First of all, I have to stress that ‘nation branding’ ...
- Nation branding: A holistic perspective (Category: Business)
- Tilan becomes youngest SLIM President (Category: Business)
- Branding Sri Lanka (Category: Business)
- Fortune 100’s ‘hired gun’ set to awaken the Sri Lankan marketing community (Category: Business)
At the Pacific Asia Travel Association (PATA) Annual Conference in Kuala Lumpur last week, PATA CEO Martin J. Craigs committed the association to a four-year phase of ‘Next Generation’ action to underpin the 61-year old travel body’s relevance in the digital age. The CEO said aligned advocacy, mobile technology, business building events, and crisis management ...
- Malaysia to host PATA 2012 Annual Conference in April (Category: Business)
- Innovative tourism students in spotlight at PATA Social Entrepreneur Challenge (Category: Business)
- PATA appoints Ivy Chee as Regional Director for Asia (Category: Business)
- PATA Awards Leading Travel Professionals (Category: Business)
Clarifies 2011 per capita GDP computation technically correct but given fall in Rupee’s value in 2012 Central Bank should have been honest with greater disclosure and putting data in context As per IMF staff report Net International Reserves in 2011 alarming low at $ 4 b; Net Open Position below $ 3 b; Short Term ...
- CB data: Cabraal shoots down Harsha’s claim (Category: Business)
- CB statistics under fire (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
- The GDP Per Capita in the Central Bank Annual Report for 2011 (Category: Business)
The Central Bank, in its latest Annual Report, has downgraded its growth forecast for 2012 from eight per cent to 7.2 per cent. This is due to a combination of adverse global developments and the negative effects of domestic policy misalignments. The contractionary measures introduced to address the imbalance in the trade account (i.e. to ...
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- International financial institutions and development in Asia (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Central Bank’s Check List for 2012 and beyond (Category: Business)
This is a summary of HSBC’s Global Economics Quarterly for Q2 2012 The foundations are weak With the US stock market up around 30% from its lows last autumn, with eurozone periphery bond yields tumbling through much of the first quarter and with the green shoots of an economic spring emerging here and there, it ...
- Asian shares fall on unclear US policy stimulus, Europe (Category: Business)
- Fed ramps up economic stimulus, ready to do more (Category: Business)
- Asian shares rise on hopes of more monetary stimulus (Category: Business)
- Markets up broadly on hopes for Spanish banks, stimulus (Category: Business)
Reuters: Sri Lanka will face a challenge in meeting this year’s budget deficit target as the recent monetary and fiscal tightening measures may hurt revenue growth, the island nation’s central bank chief told Reuters on Monday. The $59 billion economy has agreed with the International Monetary Fund (IMF) to target a budget deficit of 6.2 ...
- Financing of 2011 Budget goes haywire (Category: Business)
- CB says 2012 trade gap to narrow by 10% (Category: Business)
- Sri Lanka to cut growth to 7-7.5% (Category: Business)
- Treasury Chief urges help for balance of payments (Category: Business)
When most Sri Lankans hear the name Truman, they think of an American president from a long time ago. However, for Laknath Gunathilake, the name Truman brings to mind the number one Public University in the Midwest, and the place he currently calls home. Nestled into the small town of Kirksville, Missouri, Truman State University ...
- Truman ranked No. 1 public university in Midwest region by US News and World Report (Category: Business)
- Valuable life lessons for Vindya (Category: Business)
- Colombo Uni out of bounds for Arts and Science faculty students (Category: Breaking News)
- JVP accuses Govt. of crippling University system (Category: Business)
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 ...
- Developing cutting-edge brand strategies (Category: Business)
- The ‘real’ problem with brand Sri Lanka (Category: Business)
- HR and London Olympics (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
Sydney Morning Herald: Apr 11 – THE Australian man abducted in Sri Lanka over the weekend has contradicted the claims of the Colombo government, claiming it abducted him, and were it not for Canberra’s intervention he would have faced certain death. Premakumar Gunaratnam, a 42-year-old Sri Lankan left wing politician who moved to Australia in ...
- Gunaratnam says Govt. abducted him (Category: Breaking News)
- I was concerned about my identity for my own safety – Gunaratnam (Category: Business)
- Political activist claimed abducted has not come to Sri Lanka, police say (Category: Business)
- Abduction allegations a conspiracy to bring Govt. to disrepute says Yapa (Category: Business)
Hundreds of millions of people, businesses and governments around the world unite each year to support the largest environmental event in history – Earth Hour. For 42 years Earth Hour has been uniting people to protect the planet but it seems that Mother Earth has never been faced with a crisis as severe as it ...
- Hotel Performance (Category: Business)
- Leisure Activity (Category: Business)
- Aitken Spence Hotels tops Sustainability Reporting Awards again (Category: Business)
- Heritance Ahungalla walks the talk on sustainability (Category: Travel)
By Smruti S. Pattanaik India’s vote in favour of the UN Human Rights Commission (UNHRC) resolution against Sri Lanka titled “Promoting reconciliation and accountability in Sri Lanka” was a well-calculated move to provide the required push for resolving the Tamil issue. The general perception is that the Indian decision was prompted by Tamil Nadu politics ...
- Violation of National Sovereignty or Protection of Sovereignty of the People? (Category: Breaking News)
- UN motion on war crimes against Sri Lanka adopted (Category: Breaking News)
- Maintaining hard-won peace (Category: Business)
- India-Sri Lanka ties post-UNHRC vote (Category: Business)
The heads of state of BRICS countries met for the fourth time at their annual summit, this time held in Delhi. The original BRICS countries are Brazil, Russia, India and China with South Africa joining later on. These countries belong to the category now described as emerging economies. The BRIC countries together represent over 40 ...
- BRICS to eye joint bank, exchange ties at summit (Category: Business)
- CCC reaches out to emerging markets through BRICS-PED (Category: Business)
- BRICS eye creation of multi-lateral bank (Category: Business)
- BRICS nations gird to pressure West over imbalances (Category: Business)
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