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Janatha Vimukthi Peramuna (JVP) says the government does not have any proper plan to address the power crisis. JVP parliamentarian Anura Kumara Dissanayake said that government initiated power generation projects have failed and the plants like Kerawalapitiya and Lakvijaya have not been able to generate the estimated amount of energy units. He pointed out that ...
- 'Tamils do not want devolution' JVP (Category: Breaking News)
- Sri Lanka Marxist says people's power suspended the pension scheme (Category: Breaking News)
- Sri Lankan government does not have a proper plan to address power crisis - Marxist party (Category: Breaking News)
- JVP for Tunisia style option (Category: Breaking News)
The 12th Annual Conference of The Chartered Institute of Marketing (CIM), Sri Lanka Region ended in grand success, helping Sri Lankan marketers to prepare their best defence to face challenging times. The conference was inaugurated by Attorney General Palitha Fernando on Monday 13 August while the technical sessions were held on Tuesday 14 August 2012 ...
- SLIM delegates shine at Philippines National Marketing Conference (Category: Breaking News)
- Honoured for driving marketing in Sri Lanka (Category: Business)
- CIM Future Marketers Conference 2012 on Saturday (Category: Business)
- mPowered Brand Pavilion at CIM Annual Conference 2012 (Category: Business)
LONDON (Reuters): Inexperienced investors should be aware of the risks in using crowdfunding websites that help small businesses raise money directly from members of the public, Britain’s financial services regulator has warned. Crowdfunding, an idea which originated in the United States, is gaining popularity as investors seek alternatives to volatile markets and low interest rates, ...
- UK’s FSA lacks business know-how says finance industry (Category: Business)
- Inauguration of the Capital Market Information Center at the University of Colombo (Category: Breaking News)
- CISI launches international Combating Financial Crime Qualification (Category: Business)
IN a challenging economic environment, tourism is Sri Lanka’s lifeline to development. However, increasing political tensions, crime rates and stand-offish Government policy is threatening to choke this much-needed revenue. Sri Lanka has decided to challenge a British Government travel advisory warning Britons over an upsurge of nationalism, sexual offences and anti-Western rhetoric i...
- Visit by British Royals boosts Sri Lanka tourism (Category: Breaking News)
- More British tourists arrive (Category: Breaking News)
- Business as usual for professionally-managed southern hotels (Category: Business)
- British High Commissioner hosts reception for UK companies at Sri Lanka Expo (Category: Business)
COPENHAGEN (Reuters): Shipping and oil group A.P. Moller-Maersk raised guidance for 2012 earnings last week on prospects of a further recovery in container freight rates after its Maersk Line swung back to profit in the second quarter. The global shipping industry has been hit by weak demand due to the world economic slowdown and an ...
- Maersk still sees 2012 loss in container shipping (Category: Business)
- Maersk sees 3% drop in Asia-Europe volumes (Category: Business)
- Maersk cuts shipping view as container growth slows (Category: Business)
- Maersk sees further squeeze from overcapacity (Category: Business)
In response to increasing market demand for feeder space, Evergreen Line will commence the new Straits-Yangon (Myanmar) service (SYS) from late August. Evergreen will exchange space with Advance Container Lines (ACL) in its Yangon routes to increase the frequency of feeder connections. Evergreen Line will deploy the 1,164 TEU Ever Able to the SYS route. ...
- Evergreen launches fourth and fifth new 8,452-TEU ships (Category: Business)
- SIA to fly to Yangon (Category: Business)
- Evergreen Line receives Seatrade Liner Owner/Operator Award for supremacy in Asia (Category: Business)
- Here's how having a decorated Christmas tree during the holidays became a popular tradition (Category: USA, Maine)
VIENNA/HELSINKI (Reuters): Smaller euro zone countries that have retained top credit ratings through the region’s crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union’s stability should be kicked out. Top Austrian and Finnish politicians insisted they were committed to keeping the union intact after ministers from junior coalition part...
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
- S&P piles pressure on Franco-German budget plan (Category: Business)
- Greeks seek better terms after Spanish rescue (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
Inflation, hyper inflation and chronic inflation Inflation, as understood by the unsuspecting citizen, is the rising cost of prices over a period of time. This interpretation is far from satisfactory. It is high time people were educated as to the real causes of inflation. Dissecting the inflationary causes would be a difficult task for an ...
- ‘Divi Neguma’ Dept: Development catalyst, dependency creator or a white elephant? (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- From poverty to sustainability in Sri Lanka (Category: Business)
- Misplaced Aspirations, The Elite And The Poor (Category: Breaking News)
WASHINGTON (Reuters): A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed US recovery still faces an uphill climb. Other data on Thursday gave mixed signals about the strength of an incipient housing recovery, with groundbreaking on new ...
- Asian shares edge higher, investors seek stimulus clues (Category: Business)
- India’s food inflation at 8.84% (Category: Business)
- Anxious global investors look for calm (Category: Business)
- Asian shares inch up but growth worries lurk (Category: Business)
Disruption to food production, due to adverse weather conditions in USA, China, Russia and India could contribute to a spike in world food prices. Due to its direct exposure to global supply disruptions, Sri Lanka could be adversely affected, warns Sri Lankaandrsquo;s economic think tank andndash; Pathfinder andndash; in its latest andlsquo;economic flash.andrsquo;
- Lawmakers take up issue of genetically-altered foods (Category: USA, Washington)
- Tucson Originals holding food drive at its restaurants (Category: USA, Arizona)
- Lithonia Food Thief Strikes Same Homeowner 4 Times (Category: USA, Georgia)
- How long can someone survive in the cold without food? (Category: Technology)
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Branding Sri Lanka (Category: Business)
Minority shareholder activist K.C. Vignarajah has written a letter to President Mahinda Rajapaksa appealing him to retain Securities and Exchange Commission (SEC) Chairman Tilak Karunaratne who has announced his resignation by Friday. Here is the full text of the letter: 16.08.2012 H.E Mahinda Rajapaksa The President of the Republic of Sri Lanka, Temple Trees, Colombo ...
- Right of Reply: SEC responds to ‘Cracks in SEC?’ (Category: Business)
- SEC appoints Consultative Committee for capital markets (Category: Business)
- SEC’s independence from Executive comes up at COPE meeting (Category: Business)
- Tremors over Tilak’s talk! (Category: Business)
President Mahinda Rajapaksa awarded the Presidential Colours to the Sri Lanka Army’s Gemunu Watch on Wednesday (15). Secretary to the President Lalith Weerathunga and Secretary Defence and Urban Development Gotabaya Rajapaksa were also present at the occasion. The President awarded the Presidential and Regimental Colours to First, Second (Volunteer) and Third (Volunteer) Battalions of the .....
- President awards Colours to Gemunu Watch (Category: Breaking News)
- President awards Colours to Gemunu Watch (Category: Breaking News)
- Colombo City Tour celebrates second anniversary with war heroes’ kids (Category: Business)
MALE (Xinhua): The main opposition in the Maldives has submitted a set of proposals to the government to end the political crisis in the country, officials said on Thursday. The festival of the famous Nallur Kandaswamy temple was held last morning. The historic festival draws devotees from around the island as well as overseas. Seen ...
- Nasheed’s Colombo visit put on hold (Category: Breaking News)
- Maldives elections will not be in ‘foreseeable future’ (Category: Business)
- Three Lankans sentenced in Maldives for transporting liquor (Category: Breaking News)
- Opposition in Maldives says polls bolster its early vote call (Category: Business)
A well respected professional, Dr. Hermawan Kartajaya from Indonesia was on a visit to Sri Lanka Institute of Marketing (SLIM) the national body of marketing in Sri Lanka. The Indonesian author and public speaker in marketing studies, who co-authored several books with the worlds marketing guru Professor Philip Kotler, met with SLIM Council members and ...
- Honorary Fellow Dr. Hermawan Kartajaya Visits SLIM (Category: Business)
- SLIM delegates shine at Philippines National Marketing Conference (Category: Breaking News)
- Eminent speakers at SLIM International Marketing Conference 2012 tomorrow (Category: Business)
- Prof. Liyanage given Honorary Fellow Status at SLIM (Category: Breaking News)
Reuters: Asian shares inched higher on Thursday but gains were limited as investors waited for more clues over the timing and extent of any further stimulus to tackle the euro zone’s debt crisis and support global growth. Strong U.S. industry output report on Wednesday, which followed similarly solid retail sales and employment data for July ...
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- World stocks off early highs ahead of US jobs (Category: Business)
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Asian markets cheered by Fed rate outlook (Category: Business)
By Edward Hadas It is circa 1900. A young girl from a simple fishing village has been sold as a ’practice wife’ to the Bendoro, or local lord. When the Bendoro tires of her and expels her from his house, the girl retires from his presence the way peasants are supposed to: backwards, and on ...
- Couple: Woman and little girl teamed up to steal purse (Category: USA, Washington)
- Teen gives birth to twins (Category: Breaking News)
- Aishwarya Rai Bachchan has baby girl (Category: Business)
- GAMU – cheap flowers (Category: Business)
Strikes are becoming the bane of Sri Lanka. As the country grapples with numerous strikes taking place crippling many services, the logic of holding these work stoppages and the Government response to them has become the daily bread and butter of the media. The university lectures have been on strike for several months now, following ...
- Bus strikes islandwide affect commuters (Category: Breaking News)
- Gold strikes record as macro unease jolts markets (Category: Business)
- IFS strikes deal with Mir Technologies in Bangladesh (Category: Business)
- Strikes paralyse government hospitals (Category: Breaking News)
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
- Real potential of the Colombo stock market (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Brokers delighted by talk, lunch with President (Category: Business)
- More about the real potential of the stock market (Category: Business)
Companies skilled at core HR practices experience greater revenue growth and higher profit margins, says BCG-WFPMA Report based on global study BOSTON: Companies highly skilled in core HR practices experience up to 3.5 times the revenue growth and as much as 2.1 times the profit margins of less capable companies, according to new research ...
- Are you HR professionals up for the challenge? (Category: Business)
- Measuring the impact of HR (Category: Business)
- SLT recognised at HRM Awards (Category: Business)
LONDON (Reuters): Standard Chartered is pursuing a collective settlement with other US authorities after speedily agreeing to pay $340 million to New York’s financial regulator, which broke ranks with early revelations that the bank hid banned Iranian transactions. \ Chief Executive Peter Sands, who cut short his holiday in Canada last week to deal with ...
- Standard Chartered’s Renminbi Capabilities: ‘One Currency, One Expert’ (Category: Business)
- New York may pull StanChart licence, claims bank hid $ 250 b in Iran deals (Category: Business)
- $ 200 m axe hangs on CPC (Category: Business)
- Iran accusations wipe $16 b off StanChart shares (Category: Business)
‘THE Greatest Show on Earth,’ otherwise known as the Olympics, closed its 2012 chapter well and truly with the Sri Lankan contingent returning on Wednesday. Their rather dismal performance has raised old questions of how bad decisions, lack of funding and politicisation is shackling Sri Lanka’s sporting chances. Sri Lankan athletes had 30 officials with ...
- Pradeep Sanjaya wins Sri Lankas first medal at Paralympics (Category: Breaking News)
- Sudesh Peiris takes first medal at Commonwealth games (Category: Breaking News)
- Adams finally gets her hands on shot put gold (Category: Business)
- Union Bank and NAMAL sponsor RCGC monthly medal (Category: Business)
The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in ...
- Global food prices near 3-year highs – World Bank (Category: Business)
- Resource depletion: Opportunity or looming catastrophe? (Category: Technology)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Japan says El Nino emerges, raising fears on food prices (Category: Business)
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
- Association of Professional Bankers’ anniversary convention on 13 and 14 August (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Swiss banks tout stability and secrecy to lure rich (Category: Business)
Reuters: The Chairman of Nestle, the world’s biggest food group, warned that the world faced a worse hunger crisis than in 2008 given the amount of land devoted to producing biofuels instead of food. “The World Food Organization has now determined what I have been preaching for years: no food for producing fuels, too much ...
- Food security is a priority for Sri Lanka (Category: Breaking News)
- Govt will strengthen farmers to meet future challenges - President (Category: Breaking News)
- Ukraine war aggravating existing global food crisis, UN warns (Category: Breaking News)
- WFP concerned about food crisis in Sri Lanka (Category: Breaking News)
PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...
- Bill Gates to urge G20 not turn backs on poor (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
- G20 to Europe: show us the money (Category: Business)
- World 2011 grain output record high, market tight: FAO (Category: Business)
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
- Sri Lanka, Swaziland leaders hold bilateral discussions, sign agreement (Category: Breaking News)
- Sri Lanka, Swaziland leaders hold bilateral talks, sign agreements (Category: Business)
- King of Swaziland in Sri Lanka (Category: Breaking News)
- Banquet hosted in honour of King of Swaziland (Category: Breaking News)
Reuters: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency bloc contracted by 0.2% on the quarter, data showed on Tuesday. Germany eked out growth of 0.3%, marginally beating forecasts, but its forward-looking ZEW ...
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Euro zone confidence falls in Sept., inflation expectations rise (Category: Business)
- Global stocks retreat after Swiss move; euro jumps (Category: Business)
Sri Lanka and Swaziland Tuesday signed an agreement on Economic, Commercial and Technical Cooperation between the two countries following bilateral discussions held between Sri Lankan President Mahinda Rajapaksa and the visiting King Mswati III of Swaziland. King Mswati III accompanied by Queen Inkhosikati LaMahlangu and his delegation arrived in the island yesterday for a three-day ...
- Sri Lanka, Swaziland leaders hold bilateral discussions, sign agreement (Category: Breaking News)
- Sri lanka, Swaziland sign bilateral agreements (Category: Business)
- King of Swaziland in Sri Lanka (Category: Breaking News)
- Banquet hosted in honour of King of Swaziland (Category: Breaking News)
incoming United States Ambassador to Sri Lanka Michele J. Sison on Friday (9) paid a courtesy call on Ambassador Jaliya Wickramasuriya at the Embassy of Sri Lanka in Washington DC. Ambassador Wickramasuriya congratulated Ambassador designate Sison and wished her success on her new appointment. The two ambassadors reflected on the current state of US-Sri ...
- New US Ambassador to Sri Lanka Meets Her Conterpart in Washington (Category: Breaking News)
- Relations enhanced by economic, diplomatic initiatives (Category: Breaking News)
- New US envoy to prioritise HR in SL (Category: Breaking News)
- US to appoint new ambassador to Sri Lanka (Category: Breaking News)
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