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Occupy Wall Street, occupy the London Stock ExchangeThe frustrations caused to the unemployed, the poor and the marginalised by the international and national economic crisis has spilled out onto the streets in the capital cities of the world’s leading and emerging economies. It has spread at the last count to over 900 cities in over ...
The Institute of Policy Studies or IPS has once again issued its annual assessment of the Sri Lanka’s economy in 2011 six months before the Central Bank of Sri Lanka would do so in March next year. Though the report contains a fair, constructive and elaborative assessment of the state of the economy, no adequate ...
Merchant Bank of Sri Lanka (MBSL) announced that in its exercise of strengthening the senior management structure, has recently appointed Jude Gamalath as the Group Head of Marketing to overlook the overall Marketing activities of MBSL and its subsidiaries. With over 13 years of experience in multiple disciplines with a major part of it being ...
IBM yesterday unveiled the industry’s most advanced cloud services and software designed from the ground up for enterprise clients. New IBM SmartCloud services and capabilities introduce unprecedented choice, security and portability as businesses shift critical activities to the cloud and use it as a platform for business. IBM plans to support about 200 million ...
Sri Lankan represents global team of entrepreneursAspirations Edu-cation’s General Manager Deepamala Abeysekera became the only Sri Lankan to represent a group of 30 entrepreneurs in the world from, USA, Europe, Australia, Asia and Africa, to read for her postgraduate studies in entrepreneurship at the University of Cambridge. Cambridge has acquired an international reputation as an ...
Small and Medium Enterprise Developers (SMED), the SME arm of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), which was established in 1989, presents its monthly high-level policy forum – The Key Person’s Forum, to be held at the Galadari Hotel on 25 October 2011 from 5:30 p.m. to 7:30 p.m. ...
The Young Entrepreneurs Sri Lanka (YESL) and the Ladies’ College Department of Vocational Studies (DVS) entered into a collaborative agreement last week for bilateral expansion of activities in the field of human resources development. YESL is a Not for Profit Company by Guarantee, Member/Franchise Holder of Junior Achievement (JA) Worldwide (commenced in 1919 in USA, ...
Sri Lankan born Cecil Balmond has been shortlisted for the Prince Philip Designers Prize 2011, the winner of which will be announced on Tuesday 29 November. The prize is Britain’s longest running design award, celebrating design careers which have made an outstanding contribution to British business and society. Previous winners include inventor Sir James Dyson ...
By Harsha Udayakantha Peiris A new book in Sinhala on strategies of Foreign Trade in Sri Lanka by B.A.H.P.Sumith Peiris was launched at the Cargo Operations Centre of the Sri Lanka Ports Authority (SLPA) in Peliyagoda recently with the initiative of the Minister of State Resources & Enterprise Development Dayasritha Thisera. The newly published book ...
MP charges that Government is focusing only on physical infrastructure and adopting a top-down development approach instead of a more inclusive and participatory humane political futureUnited National Party Parliamentarian Eran Wickramaratne asserts that the Government is depleting the resources of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...
Leif Lybecker Eskesen, Chief Economist for HSBC India and ASEAN will visit Sri Lanka this week. During his visit, he will address the Bank’s corporate customers on ‘Asia’s Inflation – Growth Tango: who’s dominating the dance?’ at a special Power Breakfast, scheduled to be held on 7 October 2011, at the Cinnamon Grand Hotel. Leif ...
By Cheranka Mendis Asia, which is estimated to contribute 52 per cent to the world’s GDP by 2050, has turned back a 260-year spell of declining contribution to the global GDP within a 80-year period and is now poised for better growth. Central Bank Governor Ajith Nivard Cabraal addressing the Asian Bankers Association General Meeting ...
With the World Bank announcing that the world economy is teetering on “a new danger zone,” it is of paramount importance for governments and financial power-houses to restore confidence through concrete policies and systematic financial planning. This is the order of the day, given the recent pessimistic report on the world economy delivered by Morgan ...
How the business lobby should involve itself in public policy implementation Lobbying is the systematic attempt at influencing the decision making process of the government. This is a no mean task for an individual but collective efforts by the likeminded individuals and organisation could have a drastic effect on the policy making process. Lobbying is ...
THE Monetary Board, with the concurrence of the Finance Minister has promoted three Assistant Governors, the Central Bank announced yesterday. They are Dr. P. Nandalal Weerasinghe and B.D.W.A. Silva with effect from 27 September and C. Premeratne with effect from 1 January 2012 to the posts of Deputy Governor. Details of their careers are given ...
ALLANKULAM, 8 September 2011 (IRIN): More policies and programmes must address the needs of female-headed households in Sri Lanka’s former conflict zone, experts say. “Most programmes don’t take into account the unique role of women here,” Saroja Sivachandran, director of the Center for Women and Development (CWD), an advocacy body based in northern Jaffna, told ...
Global Economy is once again going through turbulent times. The possibility of the United States economy suffering another recession is increasing. The economic outlook of Europe looks grim. Middle East is in turmoil. All these developments raise many concerns. Where is the world heading? How would these developments affect Sri Lanka, specially its export sector? ...
‘Remember your humanity’ is a phrase that was made famous by the Russel Einstein manifesto issued on 9 July 1955. This document is considered as the final major document that Albert Einstein signed before his death in 1955 and is quite a famous statement. The whole idea of issuing this statement has been to indicate ...
Sampath Bank Plc opened its latest branch in Dankotuwa recently. The new branch is located at No:63, Nattandiya Road Dankotuwa. It strengthens the presence of Sampath Bank in the locality. The ceremonial opening of the new branch was graced by Sunil G Wijesinha – Deputy Chairman Sampath Bank. The branch is geared to serve the ...
Herayamila Securities Ltd. (HSL) announced yesterday the appointment of Ruwan Keino Wickrema as Head of Research, to further strengthen its research operations. HSL has been operational for over a year in Sri Lanka and is a subsidiary of Heraymila Investments Ltd. (HIL) UAE. HIL directly manages over 285 million dollars of private and public investments ...
Top professionals Professor Malik Ranasinghe and Dhara Wijayatilake have been appointed to the Board of Directors of Sampath Bank. The Non Executive Independent directorships have expanded the Sampath Bank Board to 14 and with an alternative director it is 15. Several senior members of Sampath Bank Board will be relinquishing their posts later this year ...
On 28 July, the Ministry of Foreign Affairs of Japan announced the list of recipients for the Foreign Minister’s Commendation for the fiscal year 2011. The Foreign Minister’s Commendations are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge their contribution to the promotion of friendship between Japan and other ...
Rational men are scarce and fear-driven, emotional men are plentyKautilya’s advice: If people are gullible, exploit them Kautilya, the fourth century BCE Indian economist, strategist and statesman of ‘The Arthashastra’ fame, had a fine piece of advice to his king. When the king’s treasury runs low, he should use extraordinary measures to build the treasury. ...
Our ‘poli-socionomic’ dialogue You will recall that like Capt. Kirk in his Star Ship-Enterprise,’ we also ventured into new territory with our first discussions under this theme ‘poli-socionomics,’ which appears to have caught on somewhat; thus, on behalf of those of us who still dare to think, I must thank those editors who carried it. ...
By an Independent Analyst The State Assembly of Tamil Nadu (TN) passed a resolution on 8 June 2011, requesting the Indian Central Government to push the international community against Sri Lanka towards imposition of ‘economic sanctions’. The resolution at the TN assembly moved by Jayalalitha as the Chief Minister passed unanimously with the ruling party ...
A veteran Banker W.A.Nalani assumes duties today as the new General Manager of Bank of Ceylon. Having joined in April 1975, Nalani takes over as the 17th General Manager of the Bank of Ceylon and the 3rd lady General Manager of the Bank. W.A.Nalani Nalani having a distinguished career in banking and in the Bank ...