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By Harold Burson, Co-Founder and President, Burson-Marsteller Receiving more recognition than it deserves is a recently-voted ‘modern’ definition of public relations, resulting from a competition sponsored by the Public Relations Society of America (PRSA). It was selected in a voting process in which 1447 votes were cast, presumably most of them members of PRSA and ...
- The PR ‘big idea’ (Category: Business)
- PR in Asia: A perspective (Category: Business)
- Sri Lanka: Country branding (Category: Business)
All governments world over in the last 50 years have in many forms tried their hand at running commercial enterprises. Overall, it has been a terrible experience for the politicians, the taxpayers and the public. The general thinking worldwide nowadays is that governments should not run commercial enterprises, no matter whether they are profit-making or ...
- Governance - Four examples; two bad and two good (Category: Business)
- Other people’s business - Underutilisation, underperformance, acquisition (Category: Business)
- A monetary constitution to add on to the legal constitution? (Category: Business)
SINGAPORE: While confidence levels among Asian consumers have continued dropping in the second quarter of the year, they remain more optimistic than most of their global counterparts, according to Nielsen. Nielsen’s Q2 2012 consumer confidence index recorded a score of 95 for Asia, down two points from the first quarter. Confidence levels fell in most ...
- Globally shoppers still cautious – Nielsen (Category: Business)
- Wealthy smartphone users less likely to play games, tweet (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
Reuters: Cancelling the London Olympics due, for example, to a security threat would result in damages of more than 4 billion euros, Andrew Duxbury, underwriting manager at Munich Re, told a German newspaper. “This was the sum of the insurable risks of loss at the 2010 World Cup and the Olympic Games should be in ...
Reuters: Asian shares edged higher on Wednesday on hopes the U.S. central bank has left the door open for more stimulus measures later in the year, after chairman Ben Bernanke outlined a gloomy view of the U.S. economic recovery. Quarterly earnings from the likes of Goldman Sachs and Coca-Cola came in better than expected, calming ...
- Bernanke defends low rate policy for weak economy (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- US “close to faltering”, Fed ready to act says Bernanke (Category: Business)
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due to economic uncertainty and the possibility of lower ...
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
Reuters: Economist Nouriel Roubini is standing by his prediction for a global “perfect storm” next year as economies the world over slow down or shudder to a complete halt. Roubini, the New York University professor dubbed “Dr. Doom” for predicting the 2008 financial crisis, highlighted five factors that could derail the global economy: a worsening ...
- China economy faces risk of hard landing – Govt. economist (Category: Business)
- Qatari royals buy Italian fashion icon Valentino (Category: Business)
- Mercantilist's Dilemma (Category: Business)
- Gets Oscars presenting gig (Category: Business)
LONDON (Reuters): Oil retreated slightly on Wednesday, snapping five days of gains as U.S. Federal Reserve Chairman Ben Bernanke offered few signs of further monetary stimulus and a gloomy view of the economy of the world’s top oil consumer. Brent crude slipped 38 cents to $103.62 a barrel by 1017 GMT, after settling 63 cents ...
- Oil gains on US stocks draw (Category: Business)
- Brent steady above $116 on U.S. stocks draw; Greece risk weighs (Category: Business)
- Oil slips from 4 wk high ahead of U.S. oil data (Category: Business)
- Oil falls towards $105, economy jitters return (Category: Business)
Global economic growth remains sluggish and for 2012 and 2013 will be below theandnbsp;Asianandnbsp;Development Outlook (ADO) 2012andnbsp;forecast; the euro area debt crisis continues as the primary threat to the global outlook.
- Full Ahead (Category: Business)
- Battle of the knowledge superpowers (Category: Technology)
- Serial Winner (Category: Business)
- 'Hide the decline' revisited (Category: Technology)
Reuters: The Maldives formally charged ousted President Mohamed Nasheed on Monday with the detention of a Criminal Court judge during his final days in office, increasing the chance he will be arrested and adding to rising tension in the island nation. Maldives’ Prosecutor General Ahmed Muizz has filed charges against Nasheed for his role in ...
- Maldivian President holds talks with Sri Lanka President (Category: Breaking News)
- India building bridges with ex-Maldives president Gayoom (Category: Business)
- If necessary, I will ask Sri Lanka President Rajapakse again to intervene (Category: Breaking News)
- Maldives President resigns amid unrest (Category: Breaking News)
Another round of elections has been fixed and the country is turned into election mode. Elections are said to be a benchmark of democracy, and then why are we bothered when more and more elections are held? More and more elections, have we correspondingly increased democracy in Sri Lanka? What does an election mean and ...
- A Bankrupt Country Craves For Urgent ‘System Changes’ (Category: Breaking News)
- Election commission at frontlines of democracy (Category: Breaking News)
- Exercising civic responsibilities (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
Reuters: Asian shares extended their rally on Monday as fears of an economic hard landing in China subsided, with last week’s softer growth data within expectations and Premier Wen Jiabao on Sunday raising the prospects of more policy stimulus if needed. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent after jumping ...
- Asia shares gain as US data raises hope of Fed easing (Category: Business)
- Asian shares struggle as growth worries linger (Category: Business)
- World markets regain ground but still edgy over Greece (Category: Business)
- Asia shares fall to 2012 lows as Europe worries weigh (Category: Business)
MILAN/LONDON (Reuters): Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5 million), the latest purchase of a top European luxury brand by an emerging market investor. The luxury label loved by Jacqueline Kennedy Onassis and Audrey Hepburn said on Thursday that Mayhoola for Investments S.P.C, an ...
- Valentino in exclusive sale talks with Qatar (Category: Business)
- Rossi pays tribute to Simoncelli (Category: Business)
- Singapore railway station gets new life as fashion runway (Category: Business)
- Lorenzo cruises to Italian MotoGP win (Category: Business)
Scheme aims to boost bank lending to households and firms UK banks can access initial 80 bln stg cheaply from BoE Banks face higher fees from BoE if they do not raise lending Economists and BoE cautious about likely impact LONDON (Reuters): Britain gave details on Friday of its new scheme to keep banks to ...
- Commissioners, BOE see brief meetings (Category: USA, South Dakota)
- Commissioners, BOE see brief meetings (Category: USA, South Dakota)
- Commissioners, BOE see brief meetings (Category: USA, South Dakota)
- Commissioners, BOE see brief meetings (Category: USA, South Dakota)
Four examples; two bad and two goodThe website of the London Economist newspaper has a reference to an official of a certain country referring to a journalist in words similar to what follows – I have substituted words which would be appropriate to an officer and a gentleman addressing a lady, for what was actually ...
- Corporatism: A step beyond state capitalism (Category: Business)
- Entrepreneur and the profit motive (Category: Business)
- Exercising civic responsibilities (Category: Business)
Members of the SAARC region should look towards improving intra-regional trade as a pathway towards stronger political union, according to Minister for External Affairs, Prof. G.L. Peiris.
Singapore giant and property development specialist Keppel Land has described its entry into Sri Lanka via a joint venture with CT Holdings to build luxury condominiums as strategic and timely. “Our first foray into Sri Lanka is strategic and timely given the country’s positive growth as well as with growing affluence amongst its population. The ...
- JKH buys more land for mega project (Category: Business)
- Mutual lessons (Category: Business)
- Sri Lanka, Singapore to ink first-ever B2B MoU in Colombo today (Category: Business)
Etihad Airways said its cargo unit had carried a record 175,000 tons in the first six months of 2012, up 21% over the same period last year. The jump represents an extra 30,000 tons compared to H1 2011, with revenues 13% higher, said a statement from Abu Dhabi-based Etihad Cargo which operates to 87 destinations ...
- Etihad switches to lightweight cargo containers (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Etihad Cargo launches Doha service (Category: Business)
- Etihad Cargo strengthens sales ops in India (Category: Business)
REUTERS: Little more than a dozen years after the region’s crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China and India and pouring money into markets proving resilient to the global gloom. Short-term investors in Southeast Asian stocks and bonds are being overtaken ...
- ASEAN path to economic union muddied by South China Sea (Category: Business)
- Asian shares rally, euro up on US jobs (Category: Business)
- Dollar debt set to remain sparse and steep in Asia (Category: Business)
- Economists rethink Asia’s doom-and-gloom scenarios (Category: Business)
The Sri Lanka Economic Association or SLEA, the long-standing professional body of economists of Sri Lanka, has published some selected papers presented at its Annual Sessions in October 2011 in a volume titled ‘Achieving Economic Goals in the Midst of Global Challenges,’ the theme of the sessions. The volume, edited by two veteran economists – ...
- SLEA to release book on ‘Achieving Economic Goals in the midst of Global challenges’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
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 ...
- Boeing targets number one spot with 1,000 jet sales (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Singapore Airlines to order 8 more Boeing 777-300ERs (Category: Business)
- New Boeing 737 planes launched (Category: Business)
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 ...
- Top Sri Lanka Ports, Trade & Logistics conference and expo starts (Category: Business)
- Sri Lanka needs more base cargo to face future competition (Category: Business)
WHEN the South Asian region formed the South Asian Association for Regional Cooperation or SAARC hopes were high that it would be the first step in integrating the political, economic and social synergies of the region for overall growth and development. Decades later this dream has largely failed but the SAARC Chamber of Commerce and ...
- SAARC: Time to deliver (Category: Business)
- CNCI seminar on regional trade agreements (Category: Business)
- India boost for SAPTA (Category: Business)
- International conference on regional trade facilitation by FCCISL and SAARC Chamber (Category: Business)
Reuters: Investors are criss-crossing the increasingly smudged line between emerging and developed markets as the euro zone crisis challenges traditional perceptions of a safe investment. This blurring of distinctions was illustrated last month by index compiler MSCI’s surprise decision to review Greece’s stock market for downgrade to emerging market status, usually assigned to poorer ...
- Euro zone crisis heads for September crunch (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
- Zenith Optimedia cuts 2012 global ad forecast to $ 502 b on euro woes (Category: Business)
Reuters: Asian shares and the Australian dollar jumped on Friday after China’s second-quarter gross domestic product data landed in line with forecasts. But market relief could be short-lived as Moody’s downgrade of Italy’s credit rating to near-junk status just ahead of a bond auction threatens to reinforce fears over Europe’s debt crisis. China’s economy grew ...
- Global shares, euro slide (Category: Business)
- Asian shares struggle as growth worries linger (Category: Business)
- Asian shares firm ahead of Fed; yen up after BOJ (Category: Business)
- China approves $157 b infrastructure spending (Category: Business)
China was a tower of strength to Sri Lanka, especially when we faced various challenges in the international arena, External Affairs Minister Prof. G.L. Peiris said. The Minister was making the keynote address at the 55th anniversary of the establishment of diplomatic relations between Sri Lanka and the People’s Republic of China and the 60th ...
- Sri Lanka’s ties with China no threat to India: Bogollagama (Category: Business)
- India maintains ‘loud silence’ on Taiwan crisis, its ‘One China’ policy (Category: Breaking News)
- China moves to review import quarantine rules on Sri Lanka Minister’s request (Category: Business)
- PM commends China for strong support (Category: Business)
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 ...
- Euro area crisis risks EU sovereign ratings – Moody’s (Category: Business)
- Moody’s warns France on possible negative outlook (Category: Business)
- S&P cuts India outlook to negative (Category: Business)
- Aviva NDB, ICRA break new ground in Sri Lanka (Category: Business)
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 ...
- Eurozone crisis dampening developing Asia’s growth prospects, warns ADB (Category: Business)
- ADB Director General in town (Category: Business)
- ADB upbeat on Sri Lanka, retains 2011, 2012 growth forecast (Category: Business)
- More private sector investments key for higher growth – ADB (Category: Business)
Addresses IAACA Anti-Corruption Seminar in Dalian, ChinaNihal Sri Ameresekere, who is in the forefront agitating against fraud and corruption in the highest echelons of society, made a presentation on the UN Convention Against Corruption (UNCAC) at the Annual Seminar of the International Association of Anti-Corruption Authorities (IAACA) held recently in Dalian, China. Nihal’s presentation h...
- Nihal makes presentation on UN Convention Against Corruption (Category: Business)
- New book on ‘Overseas corporate structures, which hide real owners’ (Category: Business)
- Revised ICC rules boost G20 efforts to curtail corruption (Category: Business)
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