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Third batch of students graduate in TangalleThe third batch of 23 students, trained in hotel operations under ‘Jeevana’ Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on 9 July. MP Namal Rajapaksa was the chief guest at the ceremony. Initiated in September 2010, ‘Jeevana’ Livelihood Development Program endorses NDB’s ...
- NDB ‘Jeevana’ empowers youth in Jaffna together with DIMO (Category: Business)
- NDB Bank enhances hospitality trade through ‘Jeevana’ initiative again (Category: Business)
- NDB helps youths to get jobs in the growing tourism industry (Category: Breaking News)
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
- 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)
The ‘vanilla story’ begins a decade back when Elephant House Ice Cream approached the local vanilla farmers in the central region, who at that time were losing hope of fair trade for their crop. Elephant House ventured into a partnership to uplift the life of the farmers while adding value to their ice creams using ...
- Elephant House adds to the festivities with French Vanilla (Category: Business)
- Crunch time with Elephant House Ice Cream (Category: Business)
- Throw the Christmas menu out the window and have a snackapalooza (Category: USA, South Dakota)
- Throw the Christmas menu out the window and have a snackapalooza (Category: USA, South Dakota)
Floriculture processing, training and agro tourism centre opened in Bingiriya Labour saving efforts and productivity are major aspects of surviving the fast growing world flower market which is also highly competitive. “Though Sri Lanka supplies only around 0.4% of supply to the world flower market, this sector is one identified in the five year action ...
- Government mulling dedicated Agro Export Zones with PPPs (Category: Business)
- Electronic system for Tea Auctions (Category: Breaking News)
- Sri Lanka asks exporters to push product quality (Category: Business)
- Flower Power (Category: Business)
Sri Lanka Ports, Trade and Logistics Conference kicks off By Cheranka Mendis Sri Lanka’s potential as a major maritime and shipping hub in the South Asian region was showcased yesterday at the launch of the two-day Sri Lanka Ports, Trade and Logistics Conference and Exhibition held at the Hilton, Colombo. While times are challenging for ...
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- South Asian ports need synchronised development (Category: Business)
MASkargo marked another historical milestone by launching its first A330 freighter flight to Colombo, in a development that augurs well for the country’s economy. The newly acquired A330-200 freighter is scheduled to fly into Bandaranaike International Airport from Kuala Lumpur every Friday
- MASKargo starts first A330-220 freighter service to Colombo (Category: Business)
- Etihad to increase cargo flights to Almaty, Kazakhstan (Category: Business)
- Saudi Cargo announces China expansion (Category: Business)
- Etihad Cargo launches Doha service (Category: Business)
Industry and Commerce Ministry continuously supported us during the last years, says industry Will continue support and infuse R&D too, says Rishad 217 firms and multinationals from Sri Lanka, Argentina, India, Turkey, Thailand and Pakistan at the event Lanka food exports surge by 41% in 2011 to $ 95 m, says Rishad As Sri Lanka’s ...
- Sri Lanka throws open its $ 1 b packaging sector to SMEs (Category: Business)
- Food and Agri Exhibition opens in Colombo (Category: Breaking News)
- ‘Lankapack 2012’ geared to showcase best local packaging solutions (Category: Business)
- ‘Lankapack 2012’ to feature impressive international participation (Category: Business)
Japan appreciates the progress made by Sri Lanka in many sectors of national life since the end of the conflict, and stands ready to work closely with Sri Lanka in addressing the tasks that lie ahead, Mr. Koichiro Gemba, Minister of Foreign Affairs of Japan, said in Tokyo on Monday. Japan’s Foreign Minister made these ...
- Japanese FM Kamikawa due here (Category: Breaking News)
- Japanese foreign minister reaches Sri Lanka (Category: Breaking News)
- Japanese Foreign Minister to visit Sri Lanka next week (Category: Breaking News)
- Japan trusts Sri Lanka whatever allegations are made by Western countries (Category: Breaking News)
The vital importance of the development of export and its national value with policy on priority for export trade was emphatically stressed in the Budget speech for 2012 presented by the President. The projected objective was to achieve the export target braving the challenges from the international market. Imperatively Trade Promotion Organisations (TPOs) are bound ...
- EDB turns 33 (Category: Business)
- Over 55 tour agents, 50 international journalists for Expo 2012 (Category: Business)
- Export promotion strategies (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
Malaysia Airlines, in recognising the vibrant growth of the Sri Lankan economy and its tourism sector, has decided to expand its operations and visibility, by opening its second branch office in Matara, in the Sothern Province. Represented by Hemas Air Service, its General Sales Agent in Sri Lanka
- Malaysian Airlines wins ‘World’s Leading Airline to Asia’ award (Category: Business)
- Malaysia Airlines achieves double win at World Travel Awards ceremony (Category: Business)
- Malaysia Airlines receives 75th 737 from Boeing (Category: Business)
The Oxford Dictionary tells us that being ‘happy’ is being cheerful with feelings of pleasure or satisfaction. ‘Satisfaction’ is, in turn, when you are pleased because you have achieved something or because something has happened as you wanted it to. A synonym is being ‘content’ – being happy and satisfied with what you have. Rulers ...
- Achieving economic goals amidst global challenges (Category: Business)
- Transforming education in Sri Lanka (Category: Business)
It is the objective of the government to help and uplift standards of sports of the rural talented youth to reach national and international arenas, as it is assured in the Mahinda Chinthana Future Vision. This was stated by President Mahinda Rajapaksa upon declare opening the refurbished Jayathilake Sports Complex in Nawalapitiya. The Nawalapitiya Jayathilake ...
- President inaugurates stadium in Nawalapitiya (Category: Breaking News)
- 37TH NATIONAL SPORTS FESTIVAL OPENS (Category: Breaking News)
- President declares open Nawalapitiya UC building (Category: Breaking News)
- Nawalapitiya report handed over (Category: Breaking News)
A top level Sri Lanka Ports, Trade and Logistics conference and exhibition will be held from 10 to 11 July at Colombo Hilton, organised by industry specialists Seatrade. The multi-stakeholder sponsored and endorsed event will showcase commercial opportunities and development of South Asia’s new maritime hub and logistics centre – Colombo and Sri Lanka. Seatrade ...
- Top Sri Lanka Ports, Trade & Logistics conference and expo starts (Category: Business)
- Colombo conference on ‘Sri Lanka Ports Trade and Logistics’, an unqualified success (Category: Business)
- State-run SLPA wins three prestigious Seatrade awards (Category: Business)
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
- Achieving economic goals amidst global challenges (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
Reuters: Sri Lanka’s inflation rate accelerated to a 41-month high in June driven by the rupee’s sharp depreciation, while food prices were hit by supply constraints due to drought and government policies to discourage selected imports. Annual inflation hit 9.3% in June from a year earlier, its highest since January 2009 and up from 7.0% ...
- Inflation seen at 42-month high in July (Category: Business)
- November annual inflation eases to 4.7% (Category: Business)
- Inflation seen at 2012 high in May: Reuters Poll (Category: Business)
- CB says policy rates appropriate (Category: Business)
“The IT and business industry in Sri Lanka has been marked as one of the fundamental powerhouses fuelling the new economic voyage of the nation. Today, technology is the rudimentary driver of global economic growth. Not only is technology rapidly transforming the face of the world economy
- IIT offers degrees with a job guarantee (Category: Business)
- IIT shoulders national responsibility to enhance number of ICT graduates (Category: Business)
- Another IIT success story: Zeinab Shabbir shines at Virtusa (Category: Business)
- Current ISBM students endorse IIT as an institute with a difference (Category: Business)
It is with great pleasure and keen interest that I associate myself with a wide range of distinguished stake holders in the inauguration of this workshop under the patronage of Institute of Policy Studies of Sri Lanka (IPS), World Bank and Department of National Planning. It is expected through this consultation process to provide a ...
- D.E.W. Gunasekera addresses issues of social protection (Category: Business)
- IPS releases ‘Sri Lanka: State of the Economy 2011’ report (Category: Business)
- Making employment count - For creating growth and reducing poverty (Category: Business)
- Labour Reforms In A Time Of Great Crisis (Category: Breaking News)
India on Friday slashed fuel prices in a bid to bring relief to consumers, putting the stagnant oil prices in Sri Lanka under stronger focus. As the rupee continues to dip, there is ever-increasing pressure on the Government to take action on keeping the cost of living bearable – a tough task at the best ...
- CPC implications (Category: Business)
- Another CPC controversy (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Price Balance (Category: Business)
Drug Trafficking was one of the main sources of finance for the LTTE terrorists as reflected in the World Drug Report 2012, says Permanent Representative of Sri Lanka to the United Nations Dr. Palitha Kohona. He was addressing at the UN General Assembly Thematic Debate on ‘Drug and Crime as a Threat to Development’ ...
- Crime one of the world’s “top 20 economies”: UN (Category: Business)
- Sri Lanka a growing hub for drugs (Category: Business)
- Illicit drugs found in Clearview (Category: South Australia)
- Organized Criminals Gangs In Sri Lanka & Its Impact On National Security (Category: Breaking News)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
By Uditha Jayasinghe As the rupee weakened further, the United National Party (UNP) yesterday discharged a fresh salvo against the Government’s economic management, insisting that the rupee’s decline was being “militaristically controlled” and called for greater transparency. Referring to reports that banks stopped quoting spot prices after what dealers said w...
- Pakistan players wanted to lose to damage Afridi – Court (Category: Business)
- China, India score with untied aid (Category: Business)
- CB to stop supplying dollars for oil bills (Category: Business)
- IMF clarifies numbers (Category: Business)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
Recent newspaper advertisements heralding the birth of a sports economy is indeed good news for sportsmen in general and sports entrepreneurs in particular. Tax exemptions that serve as attractive incentives are a much awaited step in the right direction for a small nation who has time
- Sports Track (Category: Business)
- Sports Track (Category: Business)
- Tax Breaks (Category: Business)
- Will play only if you pay! (Category: Business)
The Sri Lanka Economic Association (SLEA) on Friday 29 June will launch a book titled “Achieving Economic Goals in the Midst of Global Challenges” containing the proceedings of its 2011 Annual Sessions. It will be held at HARTI Auditorium, Hector Kobbekaduwa Agrarian Research and Training Institute, 114, Wijerama Mawatha, Colombo 7 at 4.30 p.m. SLEA ...
- Open Forum on agriculture (Category: Business)
- EXPLAINER: What caused Sri Lanka’s economic collapse? (Category: Breaking News)
By Cassandra Mascarenhas Driving forth sustainability and corporate responsibility within the SAARC region, the Institute of Certified Management Accountants of Sri Lanka (CMA) in collaboration with the South Asian Federation of Accountants (SAFA) hosted the SAFA-CMA Management Accounting Summit 2012 last week. Held at the Taj Samudra over three days, the summit revolved around the ...
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
- CMA (Australia) holds successful qualifying workshop (Category: Business)
- CMA Sri Lanka hosts SAFA Board meeting in Colombo (Category: Business)
- CMA felicitates CPA Australia (Category: Business)
University of Cambridge International Examinations on Tuesday held the first Cambridge Leaders’ Seminar in Colombo for principals and deputy principals from all over Sri Lanka. With a theme of ‘The Impact of Leadership on Teaching and Learning’, the conference aimed to support school leaders by providing them with the knowledge and skills to deliver ...
- Cambridge Leaders’ Seminar tomorrow (Category: Business)
- Skills for Life to promote Cambridge English language qualifications (Category: Business)
- High-level Education Confab This Tuesday (Category: Business)
By Shelton Dharmaratne Changing global trends will continually pose challenges to economic theory and policy and the ways in which we analyse tourism activity. Sri Lanka Tourism’s public policies are trapped in a dynamic, ongoing process and it has become increasingly evident that the Government is struggling to comprehend the tourism industry, its impact and ...
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Business)
- Possible contribution to national reconciliation through tourism (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
CEMS-Global USA Conference and Exhibition Management Services Ltd., in association CEMS Bangladesh, are pleased to present once again three comprehensive International Exhibitions focused to the entire textile and garment sector of Bangladesh named, ‘13th Textech Bangladesh 2012 International Expo – An International Exhibition on Textile Garment Technology and Machinery along wit...
- International textile and garment fair opens in Colombo (Category: Business)
- Eighth Power International Expo kicks off in Colombo (Category: Business)
- ‘Power Sri Lanka 2012’ (Category: Business)
Standard & Poor’s Ratings Services recently assigned Sri Lanka to its Banking Industry Country Risk Assessment (BICRA) group ‘8’. That was S&P’s first assessment of Sri Lanka’s banking industry under its BICRA methodology. This article addresses questions investors and market participants may have about S&P’s rationale for assigning Sri Lanka t...
- S&P’s soother! (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
President Mahinda Rajapaksa has arrived in Sri Lanka early Sunday after completing a successful tour in Cuba and Brazil where he participated in the United Nations Conference on Sustainable Development (UNCSD), Rio+20 held in Rio de Janeiro. During his tour in Cuba prior to the Rio+20 summit, the President met with the Cuban Leader Raul ...
- Sri Lankan President returns after successful tour in Cuba and Brazil (Category: Breaking News)
- President to deliver speech at Rio+20 summit (Category: Breaking News)
- Sri Lankan President leaves Havana for Brazil to attend Rio+20 (Category: Breaking News)
- Manmohan Singh pressured Lankan president at Rio+confereance (Category: Breaking News)
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