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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. What is volatility? Volatility is the severity and the frequency with ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
- Corporatism: A step beyond state capitalism (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- Impunity: Unequal before the law (Category: Business)
2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
- Hub is no hoodoo, says TEA (Category: Business)
- Tackling tea travails (Category: Business)
- Tea exporters want Gota to defeat mafia (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
Last week I had the opportunity of meeting Hermawan Kartajaya, one of the top 50 gurus who has shaped the world of marketing. His perspective to the changing landscape of marketing and what business must do sure opened my mind set to a new way of thinking business and Sri Lanka’s policy decision making. Hermawan ...
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Eminent speakers at SLIM International Marketing Conference 2012 tomorrow (Category: Business)
- Honorary Fellow Dr. Hermawan Kartajaya visits SLIM (Category: Business)
- Driving marketing in the boardroom (Category: Business)
Disruption to food production, due to adverse weather conditions in USA, China, Russia and India could contribute to a spike in world food prices. Due to its direct exposure to global supply disruptions, Sri Lanka could be adversely affected, warns Sri Lankaandrsquo;s economic think tank andndash; Pathfinder andndash; in its latest andlsquo;economic flash.andrsquo;
- Lawmakers take up issue of genetically-altered foods (Category: USA, Washington)
- Tucson Originals holding food drive at its restaurants (Category: USA, Arizona)
- Lithonia Food Thief Strikes Same Homeowner 4 Times (Category: USA, Georgia)
- How long can someone survive in the cold without food? (Category: Technology)
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)
Reuters: The International Monetary Fund on Thursday called for a “policy game changer” in the euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbors. An IMF spillover report that looks at how the economic
- European stocks rise ahead of ECB meeting (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (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
- 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)
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
ww.wsws.org: On May 20, the Socialist Equality Party and International Student for Social Equality (ISSE) held a successful congress of plantation workers at Hatton, in Sri Lanka’s central hill region. A number of workers, including several dozen from the Nuwara Eliya and Badulla tea plantation districts, as well as youth and students from Jaffna, Kandy ...
- “Imperialists shed crocodile tears over HR violations” – Basil (Category: Business)
- Plantation sector gets global recognition for best practices in HRD (Category: Business)
- Plantation industry needs long-term Master Plan: Malik Fernando (Category: Business)
UAE businessmen are rushing to Sri Lanka as the country opens up its doors for competitive trade. More than 50 business personnel from Dubai and other emirates are camping in Sri Lankan to explore business opportunities. President Mahinda Rajapaksa inaugurated Expo 2012, where over 370 exporters are showcasing a wide array of goods and services. ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
- Tackling tea travails (Category: Business)
- Planters’ Association Chief says turbulent times for tea (Category: Business)
- Sector report (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
By Amantha Perera IPS: As the UN Human Rights Council (UNHRC) voted in, Thursday, a resolution asking Colombo to act on recommendations made by its own Lessons Learnt and Reconciliation Commission (LLRC), Buddhist prayers reverberated through the Sri Lankan capital. “It is a resolution that encourages Sri Lanka to implement the recommendations of its own ...
- US to support UN resolution against Sri Lanka (Category: Business)
- US prepares for bitter showdown with Sri Lanka over war crimes (Category: Breaking News)
- Avoid another resolution, urge Elders (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
Can clothes, fashion accessories and makeup make a country look democratic?Dictators have begun to dress up their autocratic regimes in the manner of democracies with all the mod cons that help to pass off a system of government, which is for all purposes a dictatorship, as a five-star democracy. This in the manner that a ...
- Sri Lankan elections: A new dimension (Category: Business)
- Trust deficit and consequences (Category: Breaking News)
- Exercising civic responsibilities (Category: Business)
- Inept’ocracy (Category: Business)
Thousands of women in the apparel industry deserve respect for being partners in Sri Lanka’s highest foreign exchange earning sector By Uditha Jayasinghe Sri Lanka’s apparel industry clothes the world and earns the largest amount of foreign exchange but is struggling to retain its workforce as an estimated 30,000 vacancies remain open in hundreds of ...
- Apparel Exporters blame Govt. for lack of support (Category: Business)
- Wall Street Journal spotlight on Brandix’s global push via regional foray (Category: Business)
- Growth maintained in apparel exports (Category: Breaking News)
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
- Entrepreneur and the profit motive (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
- Governance - Four examples; two bad and two good (Category: Business)
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
- Important issues (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
- Sri Lanka’s economy stands to gain from a stronger Europe: German Envoy (Category: Business)
Colombo International Tea Convention discusses trade and marketing of the beverage By Cheranka Mendis Nestled in the dynamic Asian region with a hot beverage to its name, Sri Lanka could benefit well from becoming a ‘tea hub’ in the future, Commonwealth Secretariat Economic Affairs Division Former Director Indrajit Coomaraswamy said. Addressing the Colombo International Tea ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Tea tales (Category: Business)
- Ceylon Tea: To blend or not to blend? (Category: Business)
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session held in May 2010 in New Delhi, Sri ...
- UN meeting on tea opens in Colombo (Category: Business)
- Cheers for FAO/IGG (Category: Business)
- Sri Lanka kicks off 20th session of FAO/IGG (Category: Business)
- Plantation Problem (Category: Business)
Sri Lanka businesses and their leaders are optimistic of prospects for 2012 whilst they are also confident the country will progress in the New Year according to key findings of a CEOs survey done by MTI Market Research. “Despite concerns about the global economic outlook, Sri Lankan businesses seem confident that the local economy and ...
- Time for Sri Lankan businesses to tighten their belts says MTI CEO (Category: Business)
- Sri Lanka Economic Summit to bring the economy in perspective (Category: Breaking News)
- Global Commerce Excellence awards next week (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
The Top 100 Nation Brands have been ranked by Brand Finance plc with the USA, Germany and China topping the report Eurozone crisis affects the Nation Brand vales of Greece, Ireland and Japan who are ranked as the Top 3 biggest Losers Further chaos in Europe has seen the brand values of Spain
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
- The ‘real’ problem with brand Sri Lanka (Category: Business)
- Will the deal hurt brand NSB? (Category: Business)
We are still stuck in the winter of our discontent! By Jude Fernando Groundviews.org: “Nearly all children nowadays were horrible. What was worst of all was that by means of such organisations as the Spies they were systematically turned into ungovernable little savages, and yet this produced in them no tendency whatever to rebel against ...
- Exercising civic responsibilities (Category: Business)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- Making Sri Lanka a ‘democratic hub’ for ‘Wonder of Asia’ (Category: Business)
Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...
- Fitch affirms Hatton National Bank at ‘AA-’ (Category: Business)
- HNB rating affirmed by Fitch (Category: Breaking News)
- Global credit growth to slow further says Fitch (Category: Business)
- Sri Lanka’s Sinhaputhra Finance PLC’s rating revised (Category: Breaking News)
The Group of 20 heads of state met in France in early November launching an annual group meeting of the heads of State. The G20 is made up of Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and the US. ...
- G20 countries fail to lead in trade openness, ICC Index indicates (Category: Business)
- World powers eye emergency food meeting; action doubted (Category: Business)
- Asia Pacific trade and investment (Category: Business)
By Uditha Jayasinghe Brewed by external demand reductions and local policies, Sri Lanka’s value-added tea exports are declining while bulk shipments are increasing, resulting in a possible drop in earnings, industry experts warned yesterday. Terming the reduction in value-added tea as a “disturbing trend,” Asia Siyaka Commodities said in a review report that Sri Lanka’...
- Syria shock for tea (Category: Business)
- Tea Trials (Category: Business)
- VALUE ADDED TEA EXPORTS ON THE RISE (Category: Breaking News)
- Negative start for tea exports in 2012 (Category: Business)
In the latest figures available, the Pacific Asia Travel Association (PATA) last week reported that the preliminary figures for international visitor arrivals into Asia/Pacific destinations1 for July 2011 show a year-on-year increase of 7%. Director of the PATA Strategic Intelligence Centre John Koldowski PATA’s Strategic Intelligence Centre notes that the growth rate has become more ...
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
- Asia Pacific visitor arrivals up 3% in May (Category: Business)
- Chengdu to host PATA Travel Mart 2013 (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
Industry wants promotions in Russia and Far East to fill vacuum from recession-hit West Demand from Middle Eastern markets, which accounts for 55% of tea exports, is still low, according to a report released by a broker recently. The Lanka Commodity Brokers tea market report noted that demand from Middle Eastern countries for Colombo Tea ...
- Value-added teas in trouble (Category: Business)
- World drinks more tea, FAO predicts strong price (Category: Business)
- Tackling tea travails (Category: Business)
- Tea Makes $ 1.4 Bn (Category: Breaking News)
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