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Could water related industries bring new waves of prosperity to Sri Lanka? International experts seem to think so. Visiting international marina consultant and developer, Simon J. Arrol, Managing Director of Arrol Ltd in Jersey has outlined exciting potential for Sri Lanka to Industry and Commerce Minister Rishad Bathiudeen. Arrol, believes marinas are the boat parks ...
- Sri Lanka’s hidden marine potential is huge (Category: Business)
- Sri Lanka launches into the world of marinas (Category: Business)
- Boat Ride (Category: Business)
- 20,000 buyers expected at South Asia’s largest boat show (Category: Business)
Doha: President Mahinda Rajapaksa vowed to turn his country, recovering from three-decade long terrorism, into an economic and commercial hub of the region. Addressing the 12th Doha Forum and Enriching the Middle East’s Economic Future Conference at the Doha Sheraton Hotel on Sunday (20) morning as an international Guest of Honour, President Rajapaksa said Sri ...
- Rishad arrives in Qatar for Doha Forum 2012 (Category: Business)
- President Mahinda Rajapaksa & Sheikh Hamad bin Khalifa al Thani, the Emir of Qatar (Category: Business)
- CA Sri Lanka members in Qatar meet President Rajapaksa (Category: Business)
- Moors Youth Society celebrates Avurudu (Category: Business)
SEC, CSE and CSBA hold positive joint meetingThe stock market is likely to step up the migration to Delivery Versus Payment (DVP) system in a more robust risk management regime following the fiasco triggered by the default of National Savings Bank (NSB). Daily FT learns the DVP as well as a more robust risk management ...
- SEC resolves NSB-TFC in-limbo trade via private transfers (Category: Business)
- Taprobane buys back the TFC shares it sold to NSB (Category: Breaking News)
- NSB’s custodial role suspended, Sampath clears Friday settlements (Category: Business)
- Sanctity of CSE hinges on NSB (Category: Business)
Boating industry thanks Industry Minister for strong support Sri Lanka enters prestigious International Boating Industry Magazine rankings Sri Lanka’s commercial boat sub-sector reporting stronger international orders from Asia, Africa and ME Introducing a much-sought-after measure of relief to Sri Lanka’s boating industry, the country will now introduce tax on boat imports that are la...
- Sri Lanka launches into the world of marinas (Category: Business)
- Sri Lanka’s hidden marine potential is huge (Category: Business)
- 20,000 buyers expected at South Asia’s largest boat show (Category: Business)
The Foreign Minister of Singapore will be visiting Sri Lanka from 26 May to 2 June 2012 accompanied by a high-powered delegation from the Singapore Business Federation (SBF). One of the key expectations of the delegation is to establish mutually-beneficial relationships with key Government officials as well as the Sri Lankan business community during ...
- Sri Lanka – Singapore signs MOU to strengthen business relationships (Category: Breaking News)
- Mutual lessons (Category: Business)
- Sri Lanka, Singapore to ink first-ever B2B MoU in Colombo today (Category: Business)
- Singapore business delegation to visit Sri Lanka (Category: Breaking News)
Ceybank and BOC open corporate office and extension office in Ward Place By Cheranka Mendis Sri Lanka’s unit trust industry aims to grow to a Rs. 50 billion industry within the next five years. Even though the industry is at a very early stage at present, the potential to grow is huge, said Ceybank Asset ...
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
- Slow pick up time for capital calls (Category: Business)
- PLC aims phoenix rising from markets ashes! - Way to wow the world? (Category: Business)
The ASEAN summit recently concluded in Phnom Penh, Cambodia, and I was invited to speak at a leadership forum and a youth roundtable dialogue that were held in conjunction with the ASEAN summit. I had the honour of sharing the platform with many distinguished personalities from the region, many of them considered ASEAN experts. By ...
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
- Sri Lanka looks to work closer with ASEAN (Category: Breaking News)
- ASEAN path to economic union muddied by South China Sea (Category: Business)
WASHINGTON: External Affairs Minister Prof. G.L. Peiris opened a four-day, official visit to Washington, DC Tuesday with a series of meetings with key US Senate leaders and a talk on Sri Lanka’s post-conflict redevelopment and reconciliation programs, emphasising that lasting peace, stability and growth in Sri Lanka will be achieved through home-grown solutions, not those ...
- GL, Hilary meeting on 18 May (Category: Business)
- GL says HRC resolution will not hinder " on going reconciliation programs" (Category: Breaking News)
- SL attends UNHRC sessions with impressive post-conflict records: Former AG (Category: Business)
- Govt. to include progress in implementing LLRC recommendations in UPR report (Category: Business)
Tourism has emerged as an extremely important sector in the economy from a number of perspectives in post-conflict Sri Lanka. It is important as a potential source of growth, employment and foreign exchange. The sector has seen impressive recovery since the end of the conflict. Arrivals
- Sri Lankan`s Tourism sector invests $ 10 b (Category: Breaking News)
- Lanka gears for tourism boom (Category: Breaking News)
- Sri Lanka tourism authority introduces a fully automated licensing system (Category: Breaking News)
- Developing tourism in Sri Lanka and challenges (Daily News) (Category: Breaking News)
To strive in the corporate world the entity must be the best in its game. Progression towards being the better business requires effectiveness in all areas. Improvement, growth, development, advancement, no matter how you choose to define it, the effective entity must always be open to change through a positive mindset: establishing the power of ...
- CIMA responds to global consultation on integrated reporting (Category: Business)
- Senate approves broad COVID-19 liability shield for Indiana businesses (Category: USA, Indiana)
- Senate approves broad COVID-19 liability shield for Indiana businesses (Category: USA, Indiana)
- Lankem Developments goes for new focus; name (Category: Business)
The UNESCAP recently released its publication, ‘The Economic and Social Survey of Asia and the Pacific 2012 – Pursuing Shared Prosperity in an Era of Turbulence and High Commodity Prices,’ and the global launch took place simultaneously in all ESCAP member countries on 10 May. Speaking at the launch in Bangkok, the Executive Secretary of ...
- Asia Pacific trade and investment (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
- ‘Growing Together’: The ‘Asia Pacific century’ (Category: Business)
The Business Software Alliance (BSA) reported yesterday in the 2011 BSA Global Software Piracy Study that Sri Lanka has recorded a further 2% point drop in its PC piracy rate in 2011, bringing the rate down from 86% last year to 84% this year. The only other Asian countries that achieved a similar two ...
- Companies should promote software edits: Piracy watchdog (Category: Business)
- Nearly half the world’s PC users acquire software illegally most or all of the time (Category: Business)
- Corporate Raid (Category: Business)
- IP Rights (Category: Business)
Carson Cumberbatch joined hands with the Ceylon Chamber of Commerce as the Platinum Sponsor of the Sri Lanka Economic Summit 2012, the key corporate forum in the country’s business calendar. For the 13th consecutive year, the Sri Lanka Economic Summit will be held on the 10, 11 and 12 July 2012 at the Cinnamon Grand, ...
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Young guns to share insights to positioning Sri Lanka in global economy (Category: Business)
- Economic summit begins today (Category: Breaking News)
- CCC’s 13th Economic Summit from 10-12 July (Category: Business)
A Japanese business delegation led by Chairman of the Japan-Sri Lanka Business Cooperation Committee and Senior Corporate Advisor to Itochu Corporation of Japan Kouhei Watanabe met Minister of Economic Development Basil Rajapaksa at the Ministry of Economic Development yesterday. Watanabe said the Japan Sri Lanka Business Cooperation Committee was working toward promoting investment and trade ...
- 'Reap benefits of fast growing Lankan economy' (Category: Breaking News)
- Japan-Sri Lanka investment and trade promotion (Category: Breaking News)
- Basil woos for more from Japanese investors in Sri Lanka (Category: Business)
DHL GOGREEN Carbon Neutral Service becomes positive asset for international financial service sector DHL’s pioneering carbon offset solution DHL GOGREEN Carbon Neutral service is a positive new asset for environmentally-savvy financial institutions. DHL, the world’s leading logistics company, has contracts with several major banks for DHL GOGREEN Carbon Neutral services regionally and ...
- Hayleys Business Solutions becomes Sri Lanka’s first CarbonNeutral BPO (Category: Business)
- NCCSL becomes country’s first Green Chamber (Category: Business)
- Informatics commits to environment sustainability (Category: Business)
- UN sees future for carbon scheme despite price drop (Category: Business)
Kalpana Kochhar, the Chief Economist for the South Asia Region of the World Bank, is scheduled to deliver the keynote address at the inauguration of the Sri Lanka Economic Summit 2012. Kochhar will deliver her address on ‘Emerging Global & Regional Prospects and the Benefits of Regional Cooperation’. The inauguration ceremony will be held on ...
- CCC’s 13th Economic Summit from 10-12 July (Category: Business)
- Former Procter & Gamble MD Gurcharan Das to address Sri Lanka Economic Summit 2012 (Category: Business)
- Young guns to share insights to positioning Sri Lanka in global economy (Category: Business)
- Carson Cumberbatch platinum sponsor of Sri Lanka Economic Summit 2012 (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) at its 42nd annual general meeting elected a new Executive Committee for the ensuing year. President Tilan Wijeyasekera pledged to continue the SLIM traditions built up over the past four decades and work to a planned programme setting goals and objectives which can be achieved in the course ...
- Pradeep Edward appointed as inaugural SLIM-BUCKS (UK) Alumni President (Category: Business)
- SLIM launches new website (Category: Business)
- SLIM inaugurates National Diploma in Sales Management (Category: Business)
- HNB Assurance joins as strategic partner for SLIM-Nielsen People’s Awards 2012 (Category: Business)
Admits growth may be slower but insists that all assistance will be given for investment Despite a growth downgrade in 2012, Central Bank Governor Ajith Nivard Cabraal insists that the Government is focused on encouraging private sector investment and will provide maximum assistance. Cabraal made these points as the Guest Speaker at the American Chamber ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Banking delegation in Qatar to attract investments (Category: Business)
- CB may take act on high credit growth (Category: Business)
The Ceylon National Chamber of Industries (CNCI), the pioneering Industry Chamber in Sri Lanka has organised an interesting and stimulating seminar presentation on marketing and gaining access to western markets, EU and USA and the facilities and benefits available to Sri Lankan industry and manufacturing sectors. The seminar presentation is expected to take place on ...
- CNCI encourage exports to EU, USA (Category: Business)
- Sri Lanka in new Asian push: Ind. & Com. Ministry joins CNCI’s pioneering Asia reach (Category: Business)
- CNCI seminar on regional trade agreements (Category: Business)
- Chamber Seminar On Tapping Markets In US, EU (Category: Business)
Still recovering from decades of civil war, Sri Lanka has attracted some private equity interest but firms have found it hard to rally LP support for the country PE Asia: Sri Lanka’s golden sandy beaches lie not 50 kilometres from India’s closest point, but the distance between the two countries’ private equity markets is ...
- Sri Lanka Equity Forum celebrates two years of success (Category: Business)
- Private Equity (Category: Business)
- Shares Sales (Category: Business)
- Asia Leisure forms partnership with Teoria Investment Japan for new hotel projects (Category: Business)
Mr. Thilak Karunarathne Chairman, Securities Exchange Commission,Colombo. Dear Sir, Re: SEC inquiry connected with the stock exchange transaction where the National Savings Bank acquired shares of The Finance Company I wish to hail your expressed commitments to initiate with urgency a comprehensive inquiry connected with the stock exchange transaction where the National Savings Bank acquired ...
- Economic management and the way forward (Category: Business)
- Govt. to consider tightening laws on white collar crimes (Category: Business)
- NSB-TFC deal’s stench spreads! (Category: Business)
- Wijetilleke backs calls for tough action on NSB-TFC deal (Category: Business)
A niche player in the field of insurance for over a decade in Sri Lanka, Asian Alliance Insurance (AAI) continues to forge ahead, keeping up and even surpassing those who’ve previously held strong in the industry. At an interview, AAI General Manager – Marketing & Sales Chula Hettiarachchi revealed the record performance of AAI Life ...
- Asian Alliance Insurance – International Congress 2012, Thailand (Category: Business)
- Asian Alliance Insurance – Non-Life on expansion drive (Category: Business)
- Asian Alliance Insurance holds 11th Annual Sales Convention (Category: Business)
- AAI bags award for ‘Social Marketing’ at Global Awards for Brand Excellence (Category: Business)
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
- WB cuts China growth forecast to 8.2% (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
By Cheranka Mendis ESOFT, the leading high quality education provider in ICT, Business and English, yesterday announced the conversion of the Diploma in Information Technology (DITEC) to an internationally-recognised one with an accreditation coming from UK’s largest awarding body, Edexcel. With the Government identifying IT as a sector that needs immediate development along with English, .....
- Global recognition for ESOFT DITEC IT Diploma (Category: Business)
- Several short term diploma courses for post A/L students from ESOFT (Category: Business)
- Empiricalminds appointed as ESOFT franchisee (Category: Business)
The three winners of Sri Lanka Science and Engineering Fair (SLSEF) 2011 – Chathura Saman Kumara from Pinnawala Central College, Rambukkana, Maleen Wijeratna from Maliyadeva College, Kurunegala, and a team comprising Pipunika Vimanthi Silva and Nipun Kavishka Silva from De Mazenod College, Kandana – will travel to Pittsburg, PA in the USA to represent Sri ...
- Intel celebrates five years of supporting education in Sri Lanka (Category: Business)
- Intel ‘Education Pavilion’ at Infotel 2011 showcases students’ ICT achievements (Category: Business)
- SLSEF winners felicitated by Education Ministry and Intel (Category: Breaking News)
- Intel promotes Global Competition through ISEF (Category: Breaking News)
ISMM President Danesha Perera and Senior Delegate and Past President Gerry Hidelaratchi attended the International Federation of Purchasing and Supply Management (IFPSM) Asia Pacific Council Meeting in Manila, Philippines on 22 and 23 April. The Asia Pacific Council Meeting was organised by the Purchasing Institute Supply Management (PISM) in Philippines under the guidance of the ...
- ISMM delegation attends IFPSM World Summit in Sweden (Category: Business)
- Asitha Perera elected Chairperson of The Asia Group – FAO (Category: Business)
- Danesha Perera re-elected as ISMM President (Category: Business)
I first visited Sri Lanka in 1997, shortly after a rebel bombing of the central bank headquarters had thrown the financial system into chaos. Military checkpoints made travelling around the capital city of Colombo rather punishing, but the overwhelming impression was of an utterly charming island and talented people trapped inside a seemingly endless civil ...
- Sri Lanka now has economic and administrative momentum – Economic Times (Category: Breaking News)
- Sri Lanka poised to join Asia’s fast growing economies: Bangkok Post (Category: Business)
- Amid Sri Lanka’s boom, life for Tamils remains bleak (Category: Breaking News)
CB gives appraisal on economy, admits 2012 start under pressure but insists new policies have smoothed road ahead By Uditha Jayasinghe Regardless of emerging pressures, the Central Bank is confident that Sri Lanka will be able to weather economic storms in 2012, a top official said yesterday
- July tourist arrivals up 7.8% (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
- JKH forges with solid growth (Category: Business)
- Stellar 3Q for JKH (Category: Business)
The IMF’s recently released Asia and Pacific Regional Economic Outlook (REO) shows the region continuing to lead global growth and expected to gain momentum over the course of 2012. This forecast, however, remains subject to downside risks related to the global economy, including
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- Sri Lanka’s GDP growth set to outpace peer economies: Asia Wealth (Category: Business)
- Eurozone crisis dampening developing Asia’s growth prospects, warns ADB (Category: Business)
Sri Lanka hopes to continue its relationship with the International Monetary Fund (IMF) to boost foreign investment even after a US$ 2.6 billion Stand-By agreement ends in July, the Central Bank Governor said yesterday. Despite tenuous interaction in the past, Central Bank Governor Ajith Nivard Cabraal insisted that discussions with the IMF on a long-term ...
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- This is our last chance to forge ahead – President (Category: Breaking News)
- Lankan delegation to leave this week to attend IMF spring meeting (Category: Breaking News)
- I have fulfilled my obligation- Anticipate the IMF to fulfil its responsibility by the end of ... (Category: Breaking News)
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