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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 ...
- Stocks approach one-month low; rupee steady (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Sri Lanka Stocks May Slump More on Rates, HSBC Private Says (Category: Breaking News)
- CB seen holding rates, SRR steady – Reuters poll (Category: Business)
HAS democracy failed in the Maldives? As chaos engulfs the second closest country to Sri Lanka, it is impossible not to wonder over where this change will lead. Will the country still continue as a democracy or will it fall into extremist hands? What are the lessons that Sri Lanka can learn from what has ...
- Germany concerned over latest developments in Maldives (Category: Business)
- Nasheed Won’t Seek Asylum (Category: Breaking News)
- Maldives charges ex-President with Judge’s detention (Category: Business)
- Ex-Maldives leader not to seek asylum in Sri Lanka (Category: Breaking News)
The Visible Hand of the government ‘The Visible Hand’ was the title which the famed London-based economics weekly, The Economist, used when it published a special report in its issue on 21 January 2012 on the rise of state capitalism in the modern era. The title has a pun: The governments do not care to ...
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Corporatism: A step beyond state capitalism (Category: Business)
- A monetary constitution to add on to the legal constitution? (Category: Business)
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...
- Effective LLRC implementation sans external pressure (Category: Business)
- Sri Lanka’s ‘Lies Agreed Upon’ screened in US Congress (Category: Business)
- Sri Lanka will hold accountable every person accused of war crimes – Jaliya (Category: Business)
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
- Ricky Mendis buys 8% of Serendib Hotels for Rs. 142 m (Category: Business)
- Location! Location! Location! (Category: Business)
- LOLC seeks Rs. 4 b funding for Lanka’s biggest resort complex (Category: Business)
- Shareholders vote out Rights; Malwatte opts for debt for tourism venture (Category: Business)
Citizens Development Business Finance PLC (CDB) kicked off operations for the New Year with the launch of its brand new savings account. ‘CDB Saver,’ as it is aptly called, was launched at CDB’s Corporate Office at Sangaraja Mawatha in the presence of its valued customers, staff and well-wishers. Blazing a trail in savings accounts in ...
- CDB launches ‘Sithumina 2012/13’ with brand new jeeps on offer (Category: Business)
- Why disgust is a healthy emotion (Category: Technology)
- CDB spreads wings to Eheliyagoda, Kandana, Marawila and Ragama (Category: Business)
- CDB’s state-of-the-art lab to nurture IT literacy in Welioya school (Category: Business)
Rotating Savings and Credit Associations and the Finance Business Act No. 42 of 2011Cheetu or Rotating Savings and Credit Associations (RoSCAs) are the world over a well-recognised method of savings and capital accumulation for the poor and marginalised. Advocate E.B. Wikramanayake B.A., in his Legal Dictionary for Ceylon (1948 Edition) describes a cheetu club as ...
- Unregulated microfinance - A high-risk strategy (Category: Business)
- Finance: Restrictions on use of the word (Category: Business)
- Regulation of microfinance institutions (Category: Business)
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors. The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the ...
- Dhammika to be appointed Chairman of Sampath Bank (Category: Business)
- CB clears five new nominees to Sampath Bank Board (Category: Business)
- Qualified daughters make their way to boards (Category: Business)
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
Edna Group of Ceylon, one of the largest conglomerates in Sri Lanka, has tied up with Dialog Enterprise to provide mobile communication solutions to the group, which includes Dialog BizConnect; an APN (Access Point Network) solution, allowing sales teams to give real time updates from the field. Dialog BizConnect APN (Access Point Network) Solution by ...
- Dialog Axiata opens Enterprise Discovery Centre in Colombo (Category: Business)
- Dialog Enterprise inks deal with Stafford Motors (Category: Business)
- Dialog, Micorimage deploy Lanka’s first cloud based human resource application (Category: Business)
- Commercial Bank of Ceylon and Dialog partner for managed services (Category: Business)
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 ...
- CWG bid money not wasted: Cabraal (Category: Business)
- Gold Coast wins CWG 2018 bid (Category: Breaking News)
- Sri Lanka hosting CWG would inspire 45 other nations – President (Category: Business)
- A month to go for vote, Govt. says momentum building on Hambantota’s 2018 CWG bid (Category: Business)
Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...
- Highlights of the Budget 2012 proposals (Category: Business)
- Sri Lanka Budget 2012: Growth in focus (Category: Business)
- Budget bloats! (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
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 ...
- The Need to Address Persistent Impunity for Violations and Abuses of International Human Rights ... (Category: Breaking News)
- Power: Opium of the political class (Category: Business)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna claims spending Rs. 265 billion on an 11-day extravaganza is intolerable for an economically ailing country like Sri Lanka. Addressing a media briefing the JVP warned that the aftermath of hosting the 2018 Commonwealth Games would not be rosy as the Rajapaksa administration predicts According to JVP Propaganda ...
- Govt. takes vengeance on private sector over pension bill – JVP (Category: Business)
- JVP accuses Govt. of crippling University system (Category: Business)
- AKD’s India visit: ‘JVP will not compromise Lanka’s security and economic interets’ (Category: Breaking News)
- JVP urges public to hold Govt. accountable for “gambling with public money” (Category: Business)
Singer Sri Lanka recently announced strong third quarter results that validate its dedication to customer satisfaction. In his review, CEO Asoka Pieris noted that the group’s revenue rose to Rs. 15.47 billion at the end of the first nine months. The revenue represents a growth of 37% over the same period of the previous year ...
- Singer Asia – Retail Holdings Board of Directors meet in Colombo (Category: Business)
- Singer Finance opens at Embilipitiya (Category: Business)
- Dialog strikes deal with Singer outlets on bill payments (Category: Business)
- Singer partners Artmatrix (Category: Business)
The courage the Government has demonstrated in cancelling the CATIC deal and yet feeling secure, rather than embarrassed by it, must be recognised. It is a responsible step, a prudent decision, which will have enduring benefit both in terms of national policy and FDI strategy. This step will also earn the respect of the indigenous ...
- Sovereign Wealth Funds (Category: Business)
- Sector report (Category: Business)
- Unilever’s Pears to make millionaire children (Category: Business)
- Revamped Siddhalepa Ayuverda Health Resort opens (Category: Business)
Securities and Exchange Commission (SEC) Chairperson Indrani Sugathadasa on Saturday used religion to bring some sanity to the capital market, currently marred by allegations of greed and power. Before concluding her speech at the ceremonial opening of the SEC-organised Investment Day 2011 at the Sri Lanka Exhibition and Convention Centre, Sugathadasa, quoting Lord Buddha, said: ...
- Investor Day at Negombo tomorrow (Category: Business)
- SEC Investor Day goes to Matara (Category: Business)
- SEC takes Investor road show to Jaffna (Category: Business)
- SEC’s mega Investment Day in Colombo on 22 Oct. (Category: Business)
Lessons from the life and times of Steve JobsA process of education should equip young people with the values, knowledge and skills required to lead a fulfilling and productive life. Additionally, a good grounding in the fundamentals of math, science and the English language is essential. Nations have to move away from the unquestioning mode ...
- Computer great Dennis Ritchie dies at 70 (Category: Business)
- Income inequality: How the rich got richer and what politicians are doing about it (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
- Impact of the Apple management change (Category: Business)
A COLLEGE drop out and global genius is dead. Steve Jobs was a very private person, eccentric and brash. He was fired from the company he founded Apple and was brought back to resurrect it and make it one of the most valuable and admired companies on earth, its stock earlier this year the most ...
- Competing for FDI: An agenda for Sri Lanka (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
n Becomes first network agency in Sri Lanka to host a premier regional forumJWT’s Asia Pacific Executive Creative Directors (ECD) will be meeting in Colombo for the agency’s quarterly creative review, ‘Passion Patrol’. Held from 10-12 October, ‘Passion Patrol’ is the meeting that reviews the best work produced in the network’s offices across 18 countries ....
- JWT to infuse innovation and creativity in Sri Lanka (Category: Business)
- JWT wins Sri Lanka’s first ever Lotus Roots Award at ADFEST 2012 (Category: Business)
- J. Walter Thompson launches new communications integration agency brand (Category: Business)
- JWT shuffles leadership in Asia-Pacific, focus on India and China (Category: Business)
I like to be an optimist. No matter what may happen around us, I would like to retain feelings of hope I have for all human-kind and on a more intimate level for you, for me, the newborn and the to-be-born. Yet, what has already happened around me, happening now and may happen in the ...
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
Leading to the New Eco & Smart Life! Panasonic together with Softlogic last week introduced its new product lineup of energy saving home electronics as “Eco-friendly” products. The lineup includes 2011 new “VIERA Plasma TVs” and “VIERA LED LCD TVs” with high efficiency and superb contrast, “ECONAVI Washing Machine” which detects load conditions, ...
- Panasonic ceiling fans awarded prestigious SLS 814 certification (Category: Business)
- Panasonic launches new ECONAVI air-conditioners (Category: Business)
- Top Panasonic official to attend Panasonic Eco Convention in Sri Lanka (Category: Business)
- World’s First* 3D Camcorder Launched In Sri Lanka (Category: Breaking News)
The mobile phone as the pitch goes could be the most powerful marketing tool ever invented. Until recently, however, the cell phone has been mostly about talking the talk (or texting the text). Now, from an advertising perspective, there are signs that they may be starting to walk the walk. Worldwide, there are twice as ...
- Colombo to host GSMA mWomen Working Group meeting (Category: Business)
- Tapping into mobile’s massive growth potential (Category: Business)
- Sri Lanka ready to provide optimum service via mobile phone (Category: Business)
- Report sought from operators (Category: Breaking News)
Establishing a landmark in Sri Lanka’s aviation history, SriLankan Airlines’ makes its maiden flight to the historic city of Moscow, commencing a twice-weekly scheduled service between Colombo’s Bandaranaike International Airport (BIA) and Moscow’s Domodedovo Airport on 17 September 2011. Religious observances by dignitaries of the four religions in Sri Lanka will invoke bl...
- SriLankan Airlines launches flights to Moscow (Category: Business)
- Warm welcome for Russian group (Category: Business)
- SriLankan Airlines recommences services to Zurich (Category: Business)
- Sri Lanka's national carrier begins flights to Moscow (Category: Breaking News)
Nearly two decades ago, Jeep invented the premium sport-utility vehicle (SUV) segment with the introduction of the Jeep Grand Cherokee. More than four million sales later, Jeep improves the formula and delivers the ultimate combination of Jeep 4×4 capability and on-road refinement with the all-new 2011 Jeep Grand Cherokee. Jeep Grand Cherokee delivers premium on-road ...
- All-new Jeep Compass 2012 now in Sri Lanka (Category: Business)
- A brief history of the Jeep Grand Cherokee - Roadshow (Category: Technology)
- A brief history of the Jeep Grand Cherokee - Roadshow (Category: Technology)
According to latest report of Global Peace Index (GPI), Sri Lanka ranked 126 while Norway ranked in ninth place. Here we are talking about the riots that took place in UK recently and the same GPI ranked the UK in 26th place (100 places ahead of Sri Lanka). A series of incidents erupted in England ...
- SL among top 5, best for weddings – Kouni (Category: Business)
- Why does Sri Lanka need more tourists from China? (Category: Business)
- Terrorism Risk Index 2011: Sri Lanka safer than UK (Category: Breaking News)
- SL’s human development record improves (Category: Business)
We may have evolved with nature but as time passed and our human attitude turned into a more arrogant way towards conquering what we like, the desire for domination arose.To us Sri Lankans, respecting nature should not be an alien concept though today we may need to have major plans, special school programmes and investments ...
- CIMA Business Leader Summit 2012 coming up (Category: Business)
- Bringing the world to Sri Lanka (Category: Business)
- Biennial ‘Ray Award’ to commercialise Sri Lankan inventions (Category: Business)
- Nature Trails – setting the trend in eco-tourism (Category: Business)
Is there such a thing as unlimited power?The American Constitution has been hailed as one in which the Founding Fathers ensured that there would be no absolute and unlimited power vested in any one state entity. The written Constitution is supreme, with a strict separation of powers built in. It is adjudicated upon and interpreted ...
- From President Ltd to Executive PM unlimited (Category: Breaking News)
- Cinnamon Lakeside offers two nights of unlimited seafood (Category: Business)
- Unlimited Term (Category: Business)
- Endless groovy tunes with Hutch Unlimited Tunes (Category: Business)
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. ...
- Poli (Sigh): Hunker Down For The Holidays (Category: USA, Indiana)
- Poli (Sigh): Hunker Down For The Holidays (Category: USA, Indiana)
- Poli (Sigh): Hunker Down For The Holidays (Category: USA, Indiana)
- Poli (Sigh): Hunker Down For The Holidays (Category: USA, Indiana)
By an Independent Analyst The State Assembly of Tamil Nadu (TN) passed a resolution on 8 June 2011, requesting the Indian Central Government to push the international community against Sri Lanka towards imposition of ‘economic sanctions’. The resolution at the TN assembly moved by Jayalalitha as the Chief Minister passed unanimously with the ruling party ...
- TN moves resolution to implead itself in Katchatheevu case (Category: Breaking News)
- TN seeks economic sanctions (Category: Breaking News)
- Coast Guard stand on TN fisherman ‘outrageous’: Jayalalitha (Category: Breaking News)
- TN group violently opposes Lions Flag (Category: Breaking News)
Reuters: Police arrested leading anti-corruption campaigner Anna Hazare on Tuesday, just hours before he was due to fast to the death, as the beleaguered government cracked down on the self-styled Gandhian activist agitating for a new “freedom” struggle. At least 1,200 followers of the 74-year-old Hazare were also detained, signalling a hardline stance from Prime ...
- Rahul Gandhi says one law not enough to fight graft (Category: Business)
- Manmohan Singh appeals to Anna Hazare to end fast (Category: Business)
- Gandhi clan blamed for keeping India in poverty (Category: Business)
- Rahul Gandhi may succeed as Congress chief in weeks — report (Category: Business)
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