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‘SLT Intelligent Solutions’ connects the T20 to the world Sri Lanka Telecom, the nation’s number one integrated communications service provider and the leading backbone infrastructure services provider, is proud to empower the ICC World Twenty20 Championship 2012 through ‘SLT Intelligent Solutions’, providing dedicated internet through Ethernet connectivi...
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,” ...
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
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
Recording a year-on-year sales volume growth of 400% in the current financial year and targeting a further 100% growth in the year ahead, Carmart, the sole distributor in Sri Lanka for Peugeot, has created a strong niche in the market and is poised for aggressive expansion in the coming year with an extremely diversified product ...
The Sri Lanka Foundation (SLF), the centre for leadership, education and training, last week signed a MoU with the Asian Institute of Technology (AIT). It is envisaged that this important step of the SLF will enhance international collaboration and establish cooperation between AIT and SLF in realising the objectives of both SLF and AIT from ...
Incident could affect Madurai getting international connectivity: Trade bodies The Hindu: The recent tension over the presence of Sri Lankans in Tamil Nadu has caused trade bodies in southern districts worry over the prospects of international connectivity for Madurai as the first full-fledged international flight was scheduled from Colombo on 20 September. While not going ...
Wins two Presidential Travel and Tourism Awards SriLankan Airlines was named ‘Airline of the Year’ for the fourth consecutive year at the SriLankan Tourism Awards 2011, firmly emphasising the National Carrier’s pivotal role in the growth of Sri Lanka’s tourism industry. SriLankan Airlines is proud to serve as a pillar of strength to Sri Lanka’s ...
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...
Lanka Exhibition and Conference Services (LECS) won the Tourism Award for the Best Professional Exhibition Organiser, for the fourth consecutive year at Tourism Awards 2011. LECS was the winner of the prestigious awards for the past three consecutive years resulting in the company being inducted into the Hall of Fame. The organisation, which has a ...
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 ...
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...
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 ...
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 ...
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
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 ...
With the generous support of the American people through the US Agency for International Development, Volunteers for Economic Growth Alliance (VEGA) is implementing the US $24 million VEGA/BIZ+ program in Sri Lanka. The program’s main focus is on expanding livelihood opportunities that can enhance economic productivity, boosting household incomes in former conflict areas and promoting ...
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 ...
The Mahindra Sri Lanka Premier League is set to bring life to the city of Kandy, with the Pallekele leg of the matches beginning on Friday 17 August, with the encounter between Wayamba and Uva kicking off the proceedings. Somerset Entertainment Ventures Chairman Sandiip Bhammer said, “We are excited about the eight matches set to ...
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 ...
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 ...
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
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 ...
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 ...
Sri Lanka has achieved excellent results in its Northern and Eastern rehabilitation and resettlement program and post-conflict economic development drive, a top United Nations official has said. John Ging, the Director of the Coordination and Response Division of the UN Office for the Coordination of Humanitarian Affairs (OCHA) with Economic Development Minister Basil Rajapaksa ...
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 ...
With the opening dates of terminals in the Colombo South Harbour Project in Sri Lanka and Deep Water Container Port in Pakistan now set as 2013 and 2014 respectively, port development in the South Asian region is about to enter another era. When completed, the new deep sea ports in Karachi and Colombo will have ...
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
The International Council of Tourism Partners (ICTP) announced that the Sri Lanka Convention Bureau (SLCB) has become the second destination member from the country. The mission of the Sri Lanka Convention Bureau is to position Sri Lanka internationally as a unique venue for MICE activities, resulting in revenue from MICE tourism that will make a ...
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 ...