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Reuters) – The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence. Christine Lagarde told a financial forum in Beijing that European plans to bolster ...
SUN FM presents Arash live in concert at the Excel World Open Air Arena on 9 December, keeping its promise of uplifting the quality of entertainment in Sri Lanka, and once again proving its prowess, by bringing down not just yet another star, but his entire seven-man band and his stunning female vocalist, Rebecca – ...
PCL Solutions won the Dealer of the Year 2010 award for its outstanding sales of medical waste incinerator, Mediburn, produced by Elastec American Marine. The international award was presented to PCL Solutions Health Care Sales Manager Sampath Kularatne, at an event in Illinois, USA. Being the sole agent in Sri Lanka, PCL Solutions secured the ...
ST PETERSBURG, Russia, Nov 7 (Reuters) – Russia, holder of the world’s third largest foreign reserves, gave a vote of no confidence on Monday in Europe’s handling of its debt crisis as the head of the International Monetary Fund visited Moscow to seek support. Prime Minister
MILAN (Reuters): Agricultural commodity markets are set to remain tight with high and volatile prices despite improved supply and weakening demand, the United Nations’ food agency said on Thursday, raising its estimates of global grain output this year. Food prices grabbed the attention of world policy makers after hitting record highs in February and helped ...
exporting countries by the likelihood of their firms to bribe abroad. Companies from Russia and China, ...
Reuters: The indifference shown by the majority of India’s deep-pocketed corporates towards Formula One has baffled team bosses who expect them to warm to the sport following the success of last weekend’s inaugural Indian Grand Prix. Ferrari Formula One driver Felipe Massa of Brazil (C) poses with models during the after-party of India’s first F1 ...
CHANGWON, South Korea (IPS) : The window to limit global warming to less than two degrees C is closing so fast it can be measured in months, a new scientific analysis revealed Sunday. Without putting the brakes on carbon emissions very soon, large parts of Africa, most of Russia and northern China will be two ...
U.S. presidential election all about the economy First bin Laden, now Iraq Obama shows he can answer the “3 a.m. call” WASHINGTON (Reuters): President Barack Obama delivered on another foreign policy promise on Friday with plans to pull the last U.S. troops from Iraq. But in a re-election campaign all about the weak U.S. economy, ...
Following is the speech delivered by Deputy Minister of Technology and Research Faizer Mustapha at the SLIM Brand Excellence awards held early this week What better time than this to discuss your theme, ‘Impossible is Nothing’? We’ve done it! You may ask what I mean by this statement. We fought the ruthless LTTE and defeated ...
Despite being a regional leader in enforcing standards, Sri Lanka still has a long way to go before reaping the full benefits of having its exports globally accepted. Studies have shown that a country can add as much as 1% to its GDP by proscribing to international standards. Daily FT met up with International Standards ...
Lankan participation at biggest food fair draws $ 2 m initials, suppliers already looking at 2013 showSri Lanka’s participation at the recently-concluded international ‘Anuga Trade Fair’ was a clear success, with most orders for Sri Lanka seen from European and Eastern European countries and European supermarket chains making direct inquiries on local products. Many Sri ...
Reuters: Arab foreign ministers stopped short of suspending Syria from their regional organisation on Sunday over its military crackdown on dissent, instead urging the government and opposition to negotiate an end to the violence. “We will call all of the parties of the opposition and government to hold a dialogue within 15 days,” the League’s ...
In business the most difficult part is finding, servicing and retaining markets and market share. In exports, this is even more challenging. The ultimate in value addition is brand marketing. The optimum return in global business is achieved by the growth and development of brands. The national economy where the brand is owned has a ...
Air Arabia, a leading low-cost carrier (LCC) in the Mena region, will introduce direct services to Moscow and Yekaterinburg in Russia, beginning 14 and 29 October respectively. The two new Air Arabia destinations are the first in Russia. Moscow and Yekaterinburg will become the carrier’
Reuters: China has announced plans to use subsidies and tax incentives to build two new economic zones in the far western region of Xinjiang, to open up the landlocked west and boost trade with central and south Asian neighbours. In a detailed policy outline posted on the central government's website (www.gov.cn), the State Council, or ...
The International Air Transport Association (IATA) has expressed its disappointment in the opinion of the Advocate General of the Court of Justice of the European Union (CJEU) which did not support the air transport industry’s challenge to Europe’s plan to include international aviation in its emissions trading scheme (EU-ETS) from 2012. A final decision is ...
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 ...
In the previous two ‘My Views,’ the following five popular fallacies of appreciating the exchange rate were discussed: Fallacy One: A Government can fix the exchange rate at any level it wishes. Fallacy Two: An appreciated exchange rate is a symbol of a country’s strength and prestige. Fallacy Three: The appreciation of the exchange rate ...
By Uditha Jayasinghe High on its recent UN success, Sri Lanka is already preparing for fresh contentions on human rights and political reconciliation issues at the next UN Human Rights Council General Meeting scheduled for March 2012, a top Government Minister said yesterday. Plantations Minister Mahinda Samarasinghe, who headed the special team to the UNHRC ...
through legitimate-looking pharmacy websites run from Russia with their IT infrastructure routed through .....
WHEN one hurdle is cleared, another appears on the horizon. Sri Lanka’s recent success at the United Nations General Assembly and UNHRC sessions does not mean that its vulnerability for international intervention is over. This much was acknowledged by Plantations Minister Mahinda Samarasinghe who headed the Government team at the UNHRC. In fact the Sri ...
DUNEDIN, (Reuters): The rugby World Cup paused for breath on Thursday with a rare rest day as attention turned to the preparations of the 13 teams hoping this weekend’s final round of pool games will send them into the quarter-finals. South African Springboks players Morne Steyn, Francois Louw, Victor Matfield and Jannie du Plessis stretch ...
Darshi Keertisena of Buddhi Batiks will showcase at the prestigious Russia Fashion Week, which is the largest fashion week of East Europe. This opportunity was part of the HSBC Colombo Fashion Week initiative. Moscow is one the biggest luxury markets in the world and it has a special
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 ...
Mismanagement in sports administrationThe role of oligarchs in sports administration, national, regional and international, is not solely a South Asian phenomenon, it is a worldwide cancer. Anyone who has worked in the sports sector in South Asia would have come up against this debilitating factor. It is all pervasive and endemic. Once at a South ...
Arkhangelsk, Russia (Reuters): Prime Minister Vladimir Putin last week predicted Arctic shipping routes along Russia’s northern coast would soon rival the Suez Canal as a quicker trade link from Europe to Asia. Russian plans to revive the Soviet-era shipping lane as polar ice cover receded
The Mlesna Tea Centre at Majestic City was re-launched with a sophisticated and stylish new look recently. The Tea Centre now carries a wider range of premium quality tea for the benefit of tea lovers and connoisseurs of Sri Lanka as well as for overseas visitors. The much sought after Mlesna Tea Centre at Majestic ...
Time.com: Aboard the Man Gyong Bong, fresh coffee is served, along with dried fish and local beer. Karaoke parties pep the night life. That said, turn on a faucet and there’s usually no water – and cabins are more like dormitories. Welcome to North Korea’s first cruise ship. If all goes according to the plans ...
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...