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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
- 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)
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)
KUWAIT (Reuters): Kuwait's cabinet submitted its resignation to the Gulf state's ruler on Monday in a move some parliamentarians believe could be a first step out of the latest crisis that has stalled legislation and blocked reforms in the major oil producer. The government's resignation came days after a top court annulled a February parliamentary ...
- Over 100 Lankans stranded in Kuwait return (Category: Breaking News)
- 9000 Lankans to return home (Category: Breaking News)
- Make use of the common amnesty period in Kuwait - FEB (Category: Breaking News)
- Hakeem meets Kuwait Chamber of Commerce and Industry President (Category: Business)
WASHINGTON/LONDON (Reuters): The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise. In a shock that sent global equity markets into a dive, the U.S. economy added just 69,000 jobs in May, less than half what analysts expected ...
- Fears of US slowdown fade as economy shows some muscle (Category: Business)
- US consumer in slow lane (Category: Business)
- US labour market seen improving, but pace glacial (Category: Business)
- US economy gaining momentum, housing shows a pulse (Category: Business)
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
- ‘Rupee Volatility – In Search of Equilibrium’ (Category: Business)
- Forex crisis: CB explains and assures (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
A meeting was held between Minister of Justice and Sri Lanka Muslim Congress Leader Rauff Hakeem and the Ambassador of France in Sri Lanka Christine Robichon on Thursday in Colombo. The purpose of the meeting was to discuss present political, social and economic matters. Hakeem stated that the Government has made proposals to appoint a ...
- New Prime Minister could bring about political stability in Sri Lanka – U.S. Ambassador (Category: Breaking News)
- US Ambassador extends support to Prime Minister Ranil Wickremesinghe (Category: Breaking News)
- Eastern Province CM meets with German Ambassador (Category: Breaking News)
- Six new envoys to Sri Lanka present credentials to President (Category: Business)
Q: What is the current situation in the Human Rights Council with regard to the debate on Sri Lanka? A: The present climate at the Human Rights Council is in Sri Lanka’s favour, but a lot of work still needs to be done. I have great confidence in the value of our arguments. It is ...
- UNHRC resolution is consequence of governance failure (Category: Breaking News)
- India instrumental in toning down resolution against Sri Lanka (Category: Business)
MALE (Reuters): The former President of the Indian Ocean archipelago of the Maldives sat inside his house awaiting arrest on Thursday after being ousted from his post in what he said was a coup at gunpoint. About 200 supporters stood under umbrellas in the pouring rain outside as Mohamed Nasheed spoke to reporters at his ...
- Maldives charges ex-President with Judge’s detention (Category: Business)
- Maldives President resigns after Police mutiny (Category: Business)
- Nasheed demands election, warns of protests (Category: Business)
- India appeals for peace in Maldives (Category: Business)
HAS democracy failed in the Maldives? As chaos engulfs the second closest country to Sri Lanka, it is impossible not to wonder over where this change will lead. Will the country still continue as a democracy or will it fall into extremist hands? What are the lessons that Sri Lanka can learn from what has ...
- Germany concerned over latest developments in Maldives (Category: Business)
- Nasheed Won’t Seek Asylum (Category: Breaking News)
- Maldives charges ex-President with Judge’s detention (Category: Business)
- Ex-Maldives leader not to seek asylum in Sri Lanka (Category: Breaking News)
Global banking giant HSBC is upbeat on Sri Lanka’s external trade, predicting exponential growth above global average over the next 15 years. In its October 2011 dated HSBC Trade Connections Trade Forecast Quarterly Update, HSBC said Sri Lanka’s external trade would grow in volume terms by 105% by 2025 and value wise by 83% to ...
- Islamic markets seen leading global trade volumes (Category: Business)
- Winning the numbers game (Category: Business)
- HSBC boosts RMB trade settlement service to 59 markets (Category: Business)
- HSBC forecasts upbeat trade scenario for Sri Lanka (Category: Business)
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