financial crisis was one of the strongest among middle-income countries (MICs), but its growth ...

Aviation Industry Leaders Gather In Beijing The 68th International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit will open in Beijing, China tomorrow, June 11. The event will bring together some 650 leaders of the global aviation industry for two days of intense discussions on the industry’s most important issues. ...

The PF is organizing the second series of seminars, beginning with “Billions of Entrepreneurs; How China and India are Reshaping Their Futures and Yours”. The seminar, organized in collaboration with the Ceylon Chamber of Commerce using video conference facility of the American Centre, is scheduled for the 22nd of May 2012. from 6.30 to 8.30 ...

The PF is organizing the second series of seminars, beginning with “Billions of Entrepreneurs; How China and India are Reshaping Their Futures and Yours”. The seminar, organized in collaboration with the Ceylon Chamber of Commerce using video conference facility of the American Centre, is scheduled for the 22nd of May 2012. from 6.30 to 8.30 ...

Exporters are entrepreneurs that look for new markets, create new offerings for new conditions, and work with new clients. These three characteristics require exporters to continually modify resource deployment and business strategies to meet variable customer needs influenced by international cultures, governments and environments. Innovation, risk taking, and proactive capability determine...

The success of the current economic reforms in Portugal is because the people believe it’s fair, Portugal’s Finance Minister Vitor Gaspar said. Speaking at an IMF sponsored programme in Washington DC on Wednesday (April 18), he said that thus far Portugal has been protected from any market risks because of the support of the international ...

By Indika Sri Aravinda The Sri Lankan Cricket Board had requested the Galle Municipal Council not to charge the entertainment tax on tickets sold for the first Test between England and Sri Lanka held at the Galle International Cricket stadium last week. Galle Mayor Methsiri de Silva said that the tax exception was sought as ...

is going through troubled times, exacerbated by rising government spending and a global financial crisis...

By: Surendra Ajit Rupasinghe In the mid nineteen eighties, the Philippines was rocked by a sustained people’s resistance movement that finally deposed of the hated and corrupt dictator, Ferdinand Marcos, who had to flee the country in a US Air Force helicopter. The Catholic Church, representing the majority of the people, played a critical role ...

Palestinian President Mahmoud Abbas Sunday received the representative of Sri Lanka, Member of Parliament Namal Rajapaksa, in Ramallah, and informed him of the recent developments in the peace process. Abbas also noted the current crisis in the peace process due to the Israeli refusal to recognize the 1967 borders of the Palestinian state and to ...

President Mahmoud Abbas Sunday received the representative Member of Parliament Namal Rajapaksa, in Ramallah, and informed him of the recent developments in the peace process, the Palestinian news agency reported. The website reported that Rajapaksa conveyed a letter to Abbas from the Sri Lankan President Mahinda Rajapaksa, in which he stressed the depth of the bilateral relations between Sri Lank...

DAVOS, Switzerland — Protesters in Moscow and Cairo fill public squares to demand representative government. Yet on the streets of Madrid and New York — or of Athens, which gave us the very word for democracy — discontent is almost as rampant. The only consistent messages seem to be that leaders around the world are failing ...

Bloomberg:President Barack Obama is considering nominating Lawrence Summers, his former National Economic Council director, to lead the World Bank when Robert Zoellick’s term expires later this year, according to two people familiar with the matter. Summers has expressed interest in the job to White House officials and has backers inside the administration, including Treasury Secretary Timothy ...

BERNE (Reuters), Monday - Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank. Hildebrand's decision to relinquish one of the world's top central banking jobs after just two years came as Swiss parliamentarians met to dis...

Srilankamirror  - The Treasury has granted Rs. 50 million to cash strapped  Sri Lanka Cricket (SLC) to help its current financial  crisis. Sports Minister Mahindananda Aluthgamage has said the money  granted by the Treasury would be used to pay the salaries of  the SLC staff. He has added that the International Cricket Council (ICC)  is to give US$ 2 million to ...

By Mandana Ismail Abeywickrema The Treasury had on Friday (9) approved a grant of Rs. 50 million to bail out the cash strapped Sri Lanka Cricket (SLC). Sports Minister Mahindananda Aluthgamage said the Treasury has given the monies to SLC as a grant to help overcome the current financial crisis

Sports Minister Mahindananda Aluthgamage says Sri Lanka Cricket (SLC) was now receiving money and that the current financial crisis at the board would be resolved by February next year. He has told parliament that 65 percent of the payments due to the Sri Lankan cricketers would be paid

have not been paid for months as a result of financial crisis it is facing since hosting the World C...

A Sri Lankan Central Banker has authored a book under the title of “Analysis of Basic Economic Principles”. Written by P. Samarasiri, who works as an assistant Governor of the Central Bank, the book which is written in Sinhala helps the reader to understand and analyze the workings of an economy. It covers topics such as operational ...

Rajapaksa Family already planning more land grabbing Kleptocrat: A ruler who uses power to steal the country’s resources. Oxford Dictionary By Tisaranee Gunasekara Mindless-extravagance; land-grabbing; media-muzzling: the three Rajapaksa preoccupations are intimately interconnected. The Ruling Siblings need money to strengthen their power and to sustain their voracious appetite for exhibitionism, ...

Hatton National Bank plc (HNB), the only local bank to be a member of the Asian Bankers’ Association (ABA), reaped the dividends of this relationship at the height of the Great Recession which hit the world four years ago. Rajendra Theagarajah, HNB’s Managing Director/CEO and the incumbent ABA Chairman told reporters on Wednesday that his ...

The Greeks, they say won a gold medal at the 2004 Athens Olympics for overspending. Indians, it is said, won many gold medals at the New Delhi Commonwealth Games for fraud and corruption. Sri Lanka it appears is doing its damnedest to win a gold medal for bankruptcy at the 2018 Commonwealth Games, if it ...

Chairman of the Sri Lanka Cricket Interim Committee Nishantha Ranatunge has pointed out that there is no financial crisis within Sri Lankan Cricket as projected by certain media.Mr. Ranatunge said there was a deficit of about 600 million rupees when they took over. They were very much determined

By Dr. O.G Dayaratna-Banda Department of Economics and Statistics University of Peradeniya Adoring the discarded neo-liberalism The Secretary to the Treasury of Sri Lanka has seemingly informed the Vice Chancellors of the Universities at a meeting held at the UGC that the “increase of the salaries of university academics or any other public sector workers ...