On 24 and 25 October, the BMICH will see a market place with a difference and an important difference at that, considering current national needs. Hopefully this would spin a differ ence to the way we hope to develop our economy in the mindsets of practitioners, planners and bankers alike.  

Professionals are shy to raise critical issues in public!It is believed that the single focus advocacy proposal of the Joint Chambers of Commerce and Industry for the Budget 2012 to address is the continuing high priority of enhancing the ‘ease of doing business in Sri Lanka’. A president of a chamber holds a publicly articulated ...

Highlights include resettlement, Economic development newsWASHINGTON: Sri Lanka’s Ambassador to the United States and Mexico Jaliya Wickramasuriya, is featured on a new webcast produced by the Embassy of Sri Lanka. During the webcast, Ambassador Wickramasuriya discusses post-conflict resettlement, reconciliation and development in Sri Lanka. He calls on members of the Sri Lankan community in...

The world’s economies are competing for investment, in order that they create jobs for their citizens and trade effectively in goods and services in this globalised world economy. Barriers and restrictions are tumbling down as nation states compete against each other, to become attractive

The misery continues at the Colombo stock market as its year to date return yesterday dipped below the 1% threshold once again, a level last witnessed in mid July. A 0.4% dip in All Share Index saw the year to date dip from Wednesday’s 1.06% to 0.63% yesterday. On 19 July  the Bourse was recording ...

By Cheranka Mendis Asia, which is estimated to contribute 52 per cent to the world’s GDP by 2050, has turned back a 260-year spell of declining contribution to the global GDP within a 80-year period and is now poised for better growth. Central Bank Governor Ajith Nivard Cabraal addressing the Asian Bankers Association General Meeting ...

Justice and fair-play is paramount Justice and fair-play are of paramount importance to all members of the world family consisting of 193 nations expecting justice and fair-play equally. It is the principle on which the United Nations was established in place of the less-effective League of Nations, in order to settle differences among nations based ...

It gives you a warm feeling to realise that you have become a CEO. What most don’t realise is that the aftermath of the appointment can be a nightmare. Gone are the opportunities and the luxury of blaming someone or some people for missing a deadline. A CEO has very much to do in forming ...

Solar, wind, wave, geo thermal, bio massNorochcholai – underperforming, Kerawalapitiya – under maintenance, power utility – threatens strike, Sampur at Trincomalee – coal power agreement signed with NTPC of India, lack of rain in hydropower catchments… the travails of Sri Lanka’s power sector are always in the news. The policy on energy has been driven ...

Following is the DNH Financial’s outlook for the Colombo stock market this week and beyond. The country’s structural story remains firmly intact and 3Q2011 corporate profits will continue to remain strong, bolstered by robust revenue growth and improving margins. While the ASPI appears to have found a healthy floor at the 7000 levels, investors may ...

The Sri Lanka Private Sector Assessment of the Report to the United Nations Secretary General by the Panel of Experts on accountability in Sri Lanka was released on Thursday. The private sector critique is a compilation of views raised by a private sector group in Sri Lanka who are concerned about the content of the ...

By Harsha de Silva We understand that the Securities and Exchange Commission (SEC) is planning to compound undisclosed securities fraud by some billionaire investors. Media reports have begun to circulate that Environmental Resources Investments (ERI) and its Directors have agreed with the SEC to pay an insignificant fine of Rs. 10 million and compound an ...

It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...

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. ...

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 ...

THERE was welcome news from the highly-successful city of Shenzhen, China on Friday, when it was announced that the Build, Operate and Transfer (BOT) deal on the Colombo South Container Terminal (CST) was signed between the consortium involving China Merchant Harbour International (CMHI) and Aitken Spence and Company Plc and State entity Sri Lanka Ports ...

and a record low of 1.50 percent in March of 2009. Sri Lanka is a developing economy off the southern coas...

Sri Lanka Gross Domestic Product is worth 50 billion dollars or 0.08% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Sri Lanka's average Gross Domestic Product was 10.46 billion dollars reaching an historical high of 49.55 billion dollars in December of 2010