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Boeing, Airbus report $35 b total firm orders Production issues in focus at quiet air show FARNBOROUGH, England (Reuters): The world’s dominant aircraft makers, Airbus and Boeing, left a rain-swept Farnborough Airshow without the order deluge some had predicted, but each claiming victories as they prepare to focus on delivering a huge jet backlog from ...
The conference on ‘Sri Lanka Ports Trade and Logistics’ concluded recently at Hilton Hotel Sri Lanka, revolved around the need to market Sri Lankan ports globally with a view to achieving a better synergy between maritime and logistics operations in Sri Lanka, with its geo-strategic location along the main International Shipping Lane. This apart strategic ...
auction threatens to reinforce fears over Europe’s debt crisis. China’s economy grew ...
REUTERS: Moody’s on Friday surprised markets by downgrading Italy’s government bond rating by two notches to Baa2 and warned it could cut it further, piling on pressure just hours before the country launches its latest bond sale. The move left Italy’s rating just two notches above junk status and could raise already-painful borrowing costs. The ...
South Asia expected to grow 6.2% in 2012 and 6.9% in 2013BANGKOK, THAILAND: Europe’s worsening financial and banking crisis and a sluggish recovery in the United States are weighing on developing Asia’s growth prospects, according to figures released yesterday from the Asian Development Outlook Supplement (ADOS), published by the Asian Development Bank (ADB). “Economic growth ...
Opposition MPs warn post-war gains will be wasted unless Govt. puts house in order Insist on better policies, respect for law and order Call for common agenda for clear and consistent regulations By Uditha Jayasinghe Opposition politicians joined the private sector yesterday in calling for the Government to work on law and order and consistent ...
Public Management Reforms Minister Naveen Dissanayake (right) shakes hands with UNP MP Ruwan Wijewardene while UNP MP Dr. Harsha de Silva laughs at the end of the Ceylon Chamber of Commerce Sri Lanka Economic Summit 2012. Western Provincial Council Agriculture and Environmental Affairs Minister Udaya Gammanpila, MPs Sunil Handunnetti and T. Sumanthiran are also present ...
Asia and the Pacific and Africa show best results in first four months of 2012 As the summer season gets underway in the Northern Hemisphere, the short-term outlook for international tourism remains positive according to the UN WTO. The UNWTO Confidence Index for May-August has improved compared to previous periods, particularly among experts in advanced ...
The Pacific Asia Travel Association (PATA) hosted the PATA Hub City Forum, London, 5 July at the Institute of Directors in Pall Mall. The objective was to engage on a variety of strategic matters including UK border issues, inward investment for the UK, Heathrow Airport, crisis response, the 2012 Olympic impact, and the UK’s controversial ...
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
Reuters: Asian shares slid on Thursday as a surprise rate cut from South Korea and an unexpected slump in Australian employment deepened worries about global economic growth. The news weighed on sentiment already hurt after minutes from a Federal Reserve meeting in June showed conditions may need to worsen before policymakers possibly buy more bonds ...
South Asia expected to grow 6.2% in 2012 and 6.9% in 2013 BANGKOK, THAILAND: Europe’s worsening financial and banking crisis and a sluggish recovery in the United States are weighing on developing Asia’s growth prospects, according to figures released yesterday from the Asian Development Outlook Supplement (ADOS), published by the Asian Development Bank (ADB). “Economic ...
Maintaining that the Government was on the right course, Treasury Secretary Dr. P.B. Jayasundera yesterday urged the private sector to adapt as well as tap unprecedented growth potential, harnessing supportive policies and other measures. Delivering the keynote at the first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit, Dr. Jayasundera in ...
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit
Reuters: Fitch Ratings on Tuesday affirmed its AAA credit rating on the United States and maintained a negative outlook, citing a diversified and wealthy economy that is undermined by the government’s inability to agree on deficit reduction measures. “The uncertainty over tax
LONDON(Reuters): Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said on Tuesday. The jobless rate in the 34-country OECD area will still be stuck ...
By Cassandra Mascarenhas The Ceylon Chamber of Commerce-organised Sri Lanka Economic Summit kicked off yesterday, with an emphatic message to both the Government and the private sector that challenges are mounting and success as a nation will depend on a strong collective effort to be competitive. Delivering a keynote address peppered with bold remarks, World ...
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
Reuters: Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.2 per ...
REUTERS: As China slips, the second-half performance for many emerging market mutual funds might soon follow. In recent months, investors have been pulling hundreds of millions of dollars out of stock funds that invest mainly in companies associated with the big four emerging market nations of Brazil, Russia, India and China. But it’s China that ...
Reuters: Egypt’s new president on Sunday ordered a parliament dominated by his Islamist party to reconvene, challenging the authority of the generals who had dissolved the assembly in line with a court order. President Mohamed Mursi’s decree appeared to catch off guard the generals who handed power to him on June 30. State media said ...
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 ...
Reuters: Asian shares slipped on Friday, taking their cue from falls overnight in global stock markets. Sentiment stayed cautious despite new stimulus steps taken by three major central banks, with the focus now on U.S. jobs data due later in the day. The U.S. jobs report will offer clues about the extent of damage the ...
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...
Overview With the end of the civil war, Sri Lanka is now experiencing a higher growth in the number of tourist arrivals, despite the much anticipated crisis in its economy currently, along with many infrastructure developments taking place to better the country’s standard. According
Reuters: Asian shares rose on Wednesday, extending gains for a third day in a row, as investors kept hopes high for more monetary policy stimulus to support the faltering global economy, ahead of a policy meeting by the European Central Bank. U.S. equities rallied while European shares closed
LONDON WASHINGTON, (Reuters): The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroad. Business
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 ...
The Standard and Poorandrsquo;s (Sandamp;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.