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Asian countries have a window of opportunity to tackle gender inequality in their labour markets and support sustainable crisis recovery, according to a new report published recently by the Asian Development Bank (ADB) and the International Labour Organization (ILO). The report, Women and Labour Markets in Asia: Rebalancing for Gender Equality, says that although Asia ...
by Jayantha Dhanapala (Text of Keynote Address titled Cultural Diplomacy and Soft Power- Sustainable Smart Power at the Opening Plenary of the South and Central Asia Fulbright Regional Workshop, Hilton Hotel, Colombo, 26 January, 2011.) I think it is necessary...
By Abdul H. Azeez Hedging deals are double edged, and even though they reduce risk, they do not completely eliminate it. If hedging deals are entered into without proper foresight, they can cut down and amputate like a sweeping butcher’s knife. Sri Lanka, in its rush to rid itself of the burden of high fuel ...
Speaker Chamal Rajapaksa presided yesterday when Parliament met at 1 pm. After presentation of papers and oral questions, Parliament took up the second reading of the Regulation of Insurance Industry (Amendment) Bill. International Monetary Cooperation Senior Minister Sarath Amunugama: I move the Regulation of Insurance Industry (Amendment) Bill. Insurance is also as important as the banking fie...
World Bank Managing Director Ngozi Okonjo-Iweala has said that the Mahinda Chinthana is behind the success story of Sri Lanka’s economy. It was the World Bank Managing Director who delivered the commemorative lecture today to mark the Diamond Jubilee of the Central Bank of Sri Lanka. The flexibility of the Monetary Sector and the Mahinda ...
By Dr.Laksiri Fernando (Text of DA Rajapaksa Memorial Address) National development is not merely about the economy but the economy is central. It entails economic, social, political, cultural and even moral aspects. The contribution of the North and the East during the last three decades or so was hampered in all these spheres by the separatist and the terrorist war. It is nece...
The Committee on Economic, Social and Cultural Rights has considered the combined second, third and fourth periodic report of Sri Lanka on how that country is implementing the provisions of the International Covenant on Economic, Social and Cultural Rights....
A Game For The Ages By Priyan Weerasinghe at the MCG Did that just happen? Did we just win? All I can see is a sea of blue and gold around me. Bodies heaving, dancing, jumping – this way and that. Families, friends and people who have never met each other before, bonded by patriotism ...
by Tisaranee Gunasekara “If people are frightened that their security is threatened, they will gravitate towards strong leaders”. Noam Chomski (Imperial Ambitions) The war is over. But defence expenditure keeps on increasing. According to media reports, the defence allocation for...
By K. Ratnayake Sri Lankan President Mahinda Rajapakse’s trip to New York and speech at the UN General Assembly last week had two main purposes: to cover up for war crimes committed during the country’s civil war and to appeal...
The World Bank announced that it has approved a 57.4 million US dollar credit to strengthen access to finance for the Small and Medium Enterprises in Sri Lanka. The Small and Medium Enterprise Development Facility Project supports the government’s efforts to improve access to finance for Small and Medium Enterprises affected by the Global Financial ...
By Srilal Miththapala Just over a year ago, I penned an article entitled “Sri Lanka Tourism — Quo Vadis” where I raised the issues and challenges Sri Lanka was facing in developing its tourism industry. Of course, that was during the latter stages of the war, and now after the ending of the war, there ...
By Rakteem Katakey and John Duce Indian Oil Minister Murli Deora traveled to Nigeria, Angola, Uganda, Sudan, Saudi Arabia and Venezuela this year, leading a record number of delegations to gain oil for the world’s third-fastest-growing major economy....
A Malaysian based private equity fund has a remaining capital of U.S.$ 80 million for investment in the region, including that of Sri Lanka. Lew Oon Yew, Executive Director, Head, Private Equity, KFH Asset Management Sdn Bhd who made a whistle stop visit to the island to participate in a CIMA organized seminar on Tuesday ...
‘Young and developing economies like Sri Lanka should seriously explore private equity in order to fast track growth’ said Lee Oon Yew from investment bank Kuwait Finance House at the CIMA/ RAM Ratings CEO Forum held recently. The forum which was held at the Cinnamon Lakeside on Tuesday the 22nd of June featured many industry ...
By Paneetha Ameresekere – Business Editor Prostituting a country’s sovereignty need not necessarily be in the form of political servility, it may even take the form of economic servility. While the Government of Sri Lanka (G.o.S.L.) has resisted moves made by certain powerful and influential sections of the international community who have called for a war crimes [...]