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Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
As global leaders prepare to attend the G20 summit in Mexico (18-19 June), they have been urged to offer more support to Small and Medium Sized Enterprises (SMEs) in gaining access to finance, by ensuring that a more widespread approach is taken to policy development for the sector and that there are greater levels of ...
- SMEs create 50% of jobs in G20, yet only receive 6% of investment (Category: Business)
- NTB opens ‘Nations Business Centre’ for SMEs in Batticaloa (Category: Business)
Despite the Central Bank’s positive Monetary and External Performance reports this week, the Ceylon Chamber of Commerce (CCC) has called for vigilance in moving forward. Releasing a statement yesterday, the CCC noted that the Government had introduced a package of courageous macroeconomic stabilisation measures in February 2012. “These were necessary to avert the balance of ...
- Chamber of Commerce expresses views on the Economy (Category: Breaking News)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Appropriate actions prompt Fitch to affirm Sri Lanka at ‘BB-’; Outlook Stable (Category: Business)
- Sri Lanka’s External Finances under Pressure – Fitch (Category: Breaking News)
Dialog Axiata in collaboration with Hatton National Bank and Deutsche Bank announced the launch of the country’s first mobile service under the brand name ‘eZ Cash’ yesterday as a means of taking financial inclusion to every citizen in Sri Lanka. The latest in mobile telephony innovation from Sri Lanka’s mobile market leader, this ‘virtual wallet’ ...
- eZ pay services from LOFC (Category: Business)
- Evolution of e-transactions and e-money in Sri Lanka (Category: Business)
- HSBC puts banking on the palm of a customer’s hand (Category: Business)
- Creating digital inclusion and regional connectivity (Category: Business)
Dr. Gamini Wickramasinghe, Chairman of Bank of Ceylon, was recently awarded with the Communication and Leadership Award by District 82 of Toastmasters International. The award was presented to him by the President of Toastmasters International, Distinguished Toastmaster Michael Notaro at the inauguration ceremony of the recently concluded Annual Conference of District 82 – Ovation 2012. ...
- Para admitted to Oxford Business Alumni (Category: Business)
- Successor at SEC? (Category: Business)
- BOC strikes Gold (Category: Business)
- Sri Lanka has potential to double foreign remittances to $ 8 b: BOC Chief (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
Ford Motor Company unveiled the highly anticipated all-new Ford Ranger at the Ceylon Motor Show 2012, where Sri Lankan consumers will be able to see and experience the redesigned vehicle for the first time. The class-leading compact pickup truck has been completely reinvented, offering superior performance, safety, technology and quality. Ford returns to the Ceylon ...
- Vintage cars beauties to behold (Category: Business)
- Man killed in Snohomish Co. hit-and-run crash (Category: USA, Washington)
- Automakers rev up new model rollout in US – study (Category: Business)
- Mobil partners Ceylon Motor Show 2012 as Official Lubricant (Category: Business)
With the end of the war, there was a desire throughout the country for a peace dividend. Over the 30 years of the conflict, pent-up demand had built up both for consumption and investment expenditure. The authorities were under intense political pressure to create an environment that was conducive to finance imports of consumption goods, ...
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- CCC says no room for complacency (Category: Business)
- Under President’s leadership, numerous programs have been launched to foster an investment-frien... (Category: Breaking News)
ANC Education, the premier international higher education provider in the country, launched its first-ever School of Postgraduate Education on Tuesday to mark its 10th anniversary. The ANC School of Postgraduate Education was launched in collaboration with the University of West London, UK (UWL). “This is a significant milestone in our journey of ten years. ANC ...
- University of West London LLM Programs start at ANC Education (Category: Business)
- Public seminar on law on 11 June (Category: Business)
- ANC Education Partners EDEX Expo 2012 As Platinum Sponsor (Category: Breaking News)
Sustainability and corporate responsibility The SAFA-CMA International Management Accounting Summit has chosen an appropriate theme ‘Sustainability and Corporate Responsibility’ and will be attended by all professional accounting bodies in India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. Professional Accountants in Business (PAIB) of International Federation of Accou...
- CMA-SAFA focuses on sustainability and corporate responsibility (Category: Business)
- Be a GRI certified professional for better strategy and financial performance (Category: Business)
- Prof. Munasinghe briefs Amba team on how firms can make development more sustainable (Category: Business)
- CA Sri Lanka, CMA Sri Lanka unite for roundtable on integrated reporting (Category: Business)
Sri Lanka has successfully showcased its latest investment opportunities to keen global investors who visited the world’s ninth largest economy to gauge the future of US manufacturing and global economic outlook. The Sri Lankan pavilion at the ‘International Trade Outlook 2012’
- Sri Lanka trade delegation to participate in Expo Pakistan (Category: Breaking News)
- New Indian Consul Office opened in Jaffna (Category: Breaking News)
- Sri Lanka-UAE annual trade Dh 2.20 billion (Category: Breaking News)
- Honorary Consulate of Sri Lanka in Bengaluru (Category: Breaking News)
By Cassandra Mascarenhas In a knowledge economy, learning becomes a vital ingredient for power and furthering the need for continuous learning, the Chartered Institute of Chartered Accountants’ annual flagship event, the CIMA Business Leaders Summit 2012 conducted the technical sessions
- Wade to speak on the power of ‘Yes’ at CIMA Business Leaders Summit 2012 (Category: Business)
- India see off Wade threat to make it 4-1 (Category: Breaking News)
- Wade suspended for two matches for third code of conduct breach (Category: Breaking News)
- Business success: sustained through effective branding and good governance (Category: Business)
In a departure from the usual conflict allegations, Swiss cities Geneva and Zurich will this week hear the unprecedented post-war potential of Sri Lanka for business and investment under a private sector-led and public sector supported initiative. Branded as a ‘land of a thousand and one opportunities,’ two separate events titled Swiss-Sri Lanka Business and ...
- Keen interest in Lanka’s energy sector at first Swiss-SL Investment Forum (Category: Business)
- Jordan wants higher Ceylon Tea exports (Category: Business)
- CCC’s 13th Economic Summit from 10-12 July (Category: Business)
- Luncheon meeting on Sri Lankan exports to Canada (Category: Business)
Employers Federation of Ceylon (EFC) Director General Ravi Peiris has urged the International Labour Organisation (ILO) to be more stakeholder-focused to achieve a win-win situation amidst global challenges. In his address to the 101st International Labour Conference (ILC) in Geneva yesterday, Peiris also expressed his gladness that the ILC 2012 was giving due recognition to ...
- CIMA to conduct business brief on employer – employee relationship (Category: Business)
- Labour Trends (Category: Business)
- Seafarers Welcome MLC 2006 Ratification (Category: Breaking News)
- Employers Federation expands reach to Jaffna, Hambantota (Category: Business)
THE developed world’s insatiable appetite for products like coffee and timber is threatening the biodiversity of developing countries, unearthing new challenges for sustainability in the local market. Academics at the University of Sydney spent five years tracking the world economy
- Forests' biodiversity 'declining' (Category: Technology)
- Scientists discover two new mammals in Australia - CNET (Category: Technology)
- Forestry funding system 'failing' (Category: Technology)
- Vital role for 'neglected' fish (Category: Technology)
Whilst acknowledging progress, business tycoon Harry Jayawardena has renewed his call for a more enabling environment to boost private sector investments to a desired level, warning that rest of Asia was fast reaping benefits of such strategy. “The region offers many examples of how enabling environments have thrust their private sectors to the forefront of ...
- Diversified young conglomerate LOLC honoured with six accolades (Category: Business)
- LOLC Group bullish on regenerating north east (Category: Business)
- Govt. keen to support private sector: Cabraal (Category: Business)
Despite the first-ever negative return in 2011 in three years as well as continuing bearish run, Colombo Stock Exchange (CSE) Chairman Krishan Balendra has expressed optimism going forward given the planned fundamental transformation as well as other developments. Here is the full text of CSE Chairman Balendra’s review in the 2011 Annual Report, released ahead ...
- Strategic plan, transformational map to bolster Colombo Bourse: CSE Chief (Category: Business)
- S&P boost for Colombo Bourse (Category: Business)
- CSE inquiring into bizarre error trade (Category: Business)
- CSE holds Investor Forum in Malaysia (Category: Business)
Bold measures The Government of Sri Lanka introduced a number of bold macroeconomic stabilisation measures in February/March 2012. These were necessary as the country was on a trajectory to a very destructive balance of payments crisis. It is still too early to determine whether enough has been done to stabilise the balance of payments, particularly ...
- Lanka growth to dip below 7.5% – IMF (Category: Business)
- CCC says no room for complacency (Category: Business)
- Moody’s say IMF funds to Sri Lanka is ‘credit positive’ (Category: Business)
- Treasury Chief urges help for balance of payments (Category: Business)
I refer to your ‘Letter to the Editor’ on 31 May 2012. It is surprising that an economist of Dr. P B Jayasundera’s calibre and experience would need to be told that protectionism is not the right tool for increasing local production and exports. However, when I saw the name of the author of the ...
- Seminar on Advanced Agricultural Technology and Quarantine Regulations (Category: Business)
- Airport for Kandy: Agriculture Minister opposes selected location (Category: Breaking News)
- Tea crop rebounds in November (Category: Business)
- Bahrain launches $265 million food security fund (Category: Business)
A doubting Thomas sent an email about last week’s piece; “A minister and IGP stuck in traffic!!!” he exclaimed. “In Sri Lanka?” another heaped sarcasm. Ok, I made that bit up! IGP called this morning; said that he would fix it. I made that up too. Here’s a cracker! The first ‘Ball Guard’ was used ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play
- SEC To Work Towards Strengthening Investor Protection (Category: Business)
- Regulatory framework in place for Exchange Traded Funds (Category: Business)
- Top Govt. politico among investors summoned by SEC via ‘fiery’ notice (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
Fuel prices are again the topic of public debate. Even Parliament had a discussion over it, with the Opposition calling for a reduction in prices but the Government hedging against passing on the savings from a global cost decrease to cover at least part of the Rs. 60 billion losses incurred over successive years by ...
- Fuel a price change (Category: Business)
- Another CPC controversy (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
Role of infrastructure Development economists and agencies have considered infrastructure and human resource development to be at the centre of the development process. Infrastructure refers, in this note, to physical structures, such as roads, electricity, irrigation, water and sanitation and telecommunication. Role of infrastructure Development economists and agencies have considered infrastruct...
- Economic development and Sri Lankan industry participation policy (Category: Business)
- Farming the main occupation of two million families (Category: Breaking News)
SL: Cleanest country in South Asia As we celebrate World Environment Day today, it is important to acknowledge that the Sri Lankan economy has experienced accelerated growth from a 20 billion dollar economy in the 1990s to be a 59 billion rupee economy as at end 2011. However a point to note
- Budget 2012’s impact on the export sector (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
- Hub is no hoodoo, says TEA (Category: Business)
- Treasures of Sri Lanka, the ethical way (Category: Business)
June has suddenly become the month for travelling overseas, with Emirates announcing a series of special fares valid for travel out of Colombo during the month. These special fares, which will be on sale for specific periods within June, offer discounts ranging from 7 per cent to 38 per cent, on travel to eight destinations ...
- Emirates unveils special Economy and Business Class fares in Colombo (Category: Business)
- Emirates offers special student fares to Australia (Category: Business)
- Emirates offers special student fares to UK (Category: Business)
- Emirates gets 2012 off to a flying start with first-ever global sale (Category: Business)
The global economy is a platform for increasing competition among businesses across industries and economies, where the Sri Lankan market economy is no exception to this norm. While the west is struggling to curb the Eurozone crisis, the Middle East strives to maintain stability in the crude
- Politicians and scared images (Category: Breaking News)
- Unfair Competition (Category: Business)
- Hayleys to Extend 'Flower Power' to Market (Category: Breaking News)
- BPA says low snowpack means revenue loss (Category: USA, Washington)
Bank of Ceylon’s supremacy in Sri Lanka is well known but recently the bankers to the nation proved its true mettle with landmark success for its ground breaking $ 500 million five year bond issue. The issue is a trailblazer for several reasons. It was the first global bond issue by a Sri Lankan corporate. ...
- Sri Lanka unit trust industry to reach Rs. 50 b in five years (Category: Business)
- Successful $ 500 m BOC Bond is landmark says HSBC CEO (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
A team of officials from the International Monetary Fund (IMF) is to arrive in Sri Lanka next week to review the country’s economic conditions before disbursing the final tranche of the US$ 2.6 billion Stand-By Agreement (SBA), Government officials said. The review is scheduled to commence on 4 June, Central Bank Governor Ajith Nivard Cabraal ...
- Tete-a-tete (Category: Business)
- IMF team to visit Sri Lanka on review mission before final disbursement of SBA (Category: Breaking News)
- IMF approves the US$ 415 million final tranche of SBA for Sri Lanka (Category: Breaking News)
- IMF approves $ 415m final disbursement (Category: Breaking News)
Richard Pieris Group (RPC), one of the largest and most diversified groups in the country with history and tradition of 80 years, has reported outstanding financial performance during 2011/12 reporting a record turnover of Rs. 31.5 b, which is a growth of 15.6% during the period under review. The retail sector contributed 44% towards Group ...
- RPC posts strong results for 9 months (Category: Business)
- Richard Pieris records turnover growth of 12% (Category: Business)
- Arpico Gears For Expansion (Category: Breaking News)
- Softlogic’s FY2011 pre-tax profit tops Rs. 1 b mark (Category: Business)
Finance Ministry 2011 Annual Report lists key factors Raps promotional agencies BOI, Sri Lanka Tourism, EDB Tea Board and others for bureaucracy and lack of coordination Private investment needs to be increased to 30% of GDP from 24% in 2011 Despite the end of the war three years ago, the full potential for higher investments ...
- BOI Board in limbo (Category: Business)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- Will Mahinda’s 7th Budget be lucky for Lanka? (Category: Business)
- Basil bats for PB (Category: Business)
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