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Last week my phone beeped and the text message read ‘The Chairperson of the Security and Exchange Commission Indrani Sugathadasa had resigned citing reasons of values and principles for her resignation’. My mind went back to the time when this lady when she was the Board Director at EDB. Whenever tough decisions had be taken ...
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- The changing face of brand Sri Lanka (Category: Business)
- Govt. to abolish duty-free vessel imports to boost $ 500 m boating industry (Category: Business)
By Cheranka Mendis Sunquick Sri Lanka, the much loved super concentrated fruit quash will today bring home the prestigious Co-Ro Best country award also known as the Global Sunquick best awards. The award is an annual presentation by the brand owners of Sunquick, Co-Ro Food A/S, a Danish Company awarded for the country that marks ...
- Scan Products wins Sunquick Best country award (Category: Business)
- Sunquick mocktail competition a huge success (Category: Business)
- Lankan consumers are shifting from commodities to branded products (Category: Business)
- Scan Products sales force recognised (Category: Business)
President Mahinda Rajapaksa presents development-oriented fiscal programme for 2012 and medium-term policy framework with support for almost all key segments of society and economy In their initial takes, overall welcome tone from private sector, though a few express concerns on select proposals
- Financing of 2011 Budget goes haywire (Category: Business)
- Govt. to abolish duty-free vessel imports to boost $ 500 m boating industry (Category: Business)
- ‘Clarity, consistency and continuity’ (Category: Business)
- Economic management and the way forward (Category: Business)
BANGKOK (Reuters): Thailand’s worst floods in 50 years have hit tourism at the start of the high season, but the country has recovered quickly in the recent past from all sorts of scourges and some tour operators are hopeful a recovery might start next month. Floodwater in some areas of the capital, Bangkok, and other ...
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- PATA says no need to change travel plans to Thailand (Category: Business)
- Residents flee Bangkok after “massive” flood warning (Category: Business)
- Ex-Chairman of Sri Lanka Tourism tells govt. not to put cart before horse (Category: Breaking News)
Arguably the world’s most powerful leader, Barak Obama, underscored that the Eurozone crisis is “scaring the world”. It comes as no surprise then that his Treasury Secretary Tim Geithner heads the international clamour for more action to solve the burgeoning sovereign debt problem that has dominated financial markets in recent times. George Osborne, Britain’s current ...
- Euro zone crisis heads for September crunch (Category: Business)
- Collapse of the EU: Debt and more debt (Category: Business)
- Asian shares rise as Europe announces debt plan (Category: Business)
- IMF chief urges action to safeguard world economy (Category: Business)
More inflows into service, capital, financial accounts, says CB Rupee was under pressure due to heavy imports in Aug., Sept. Currency dealers wary on rupee stability By Shihar Aneez Reuters: Pressure on Sri Lanka’s rupee currency will recede in coming months due to increasing inflows into the country’s service, capital and financial accounts, the Central ...
- Rupee on a yo-yo! (Category: Business)
- Rupee sinks to record low (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Net foreign selling tops Rs. 17 b; bourse remains negative (Category: Business)
Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath B. Wickrama made an exclusive presentation at the International Port Security Conference in the Netherlands on 28 September 2011. Expressing views delivering the keynote address at the International Port Security 2011 conference on the subject of the past successes of securing Sri Lankan ports and the predicted ...
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- Development of ports will accelerate economic growth: SLPA Chairman (Category: Business)
- Colombo conference on ‘Sri Lanka Ports Trade and Logistics’, an unqualified success (Category: Business)
Introduction Growth has stalled in the global economy. Stock markets have plummeted. Risk appetite has declined and there has been a flow of resources to safe havens. The IMF has stated that the world economy has entered its most dangerous phase since the financial crisis of 2008. The ammunition
- IMF says not enough done to stop spread of euro zone crisis (Category: Business)
- IMF marks down global growth forecast, sees risk on rise (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
In its march towards development, Sri Lanka is still seeking the assistance of bilateral and multilateral organisations as well as greater input from foreign investors, Governor of the World Bank Group and International Monetary Fund for Sri Lanka, Senior Minister for International Monetary Cooperation Dr. Sarath Amunugama said in a statement to the IMF. Given ...
- China leaves crisis-ridden Sri Lanka in the lurch to fend for itself (Category: Breaking News)
- Premature fiscal tightening endangers global recovery (Category: Business)
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
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
- IMF Chief Lagarde emphasises Asia, China role in global recovery (Category: Business)
- Global economy’s ‘timid’ recovery faces high risks: Lagarde (Category: Business)
- Global growth worries dent Asia business sentiment in Q3 (Category: Business)
- China can easily boost consumtion to strengthen its economy: IMF (Category: Business)
EXPATRIATE Sri Lankans on international assignments often cite several reasons for leaving the home country. Generally, factors such as wages, employment, professional development, children’s education, socioeconomic and political conditions drive skilled people to migrate. The priority given to each issue typically depends firstly on the skill and profession of the migrant and secondly on h...
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
- Accelerating inclusive growth: The role of the external sector (Category: Business)
The policy changes, reforms and modernisation since Budget 2011 appears to have been the context of a presentation made to the Joint Apparel Association Forum in July 2011 by the “leading light” in finance, planning, treasury management and economic development. Sri Lanka background 2000-’10 The presentation articulates the background issues experienced from 2000 to 2010. ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
- For a change Geneva, Zurich to hear Sri Lanka’s post-war potential this week (Category: Business)
Last week I received an invite for an ‘Inventors Day Celebration’ in one of the leading schools in the country and the master in charge shared a thought that I felt was a cutting edge idea. Apparently, every one of us is an inventor in some part of our daily life. The issue is that ...
- Wimbledon 2012 pick-ups for Lanka (Category: Business)
- Global Commerce Excellence awards next week (Category: Business)
- For tourism, after BRICs, Lanka-included SLIMMA is the best (Category: Business)
Time.com: Aboard the Man Gyong Bong, fresh coffee is served, along with dried fish and local beer. Karaoke parties pep the night life. That said, turn on a faucet and there’s usually no water – and cabins are more like dormitories. Welcome to North Korea’s first cruise ship. If all goes according to the plans ...
- Tiger exits Match Play as Mahan and Johnson cruise (Category: Business)
- Costa puts hopes on new flagship after cruise disaster (Category: Business)
- Azarenka, Ferrer cruise at upset-free US Open (Category: Business)
- Luxury cruise arrives with 2100 tourists (Category: Breaking News)
The country’s private sector yesterday hailed the Government’s decision to lift the emergency saying it was a positive signal to the world. Premier private sector lobby group the Ceylon Chamber of Commerce in a statement said, “After many decades of conflict, the lifting of the emergency is a clear indication of return to normalcy and ...
- UK, Australia welcome end of emergency (Category: Business)
- Norway welcomes end to emergency (Category: Business)
- Manmohan assures DMK of justice for Sri Lankan Tamils (Category: Breaking News)
- The UN challenge continues (Category: Business)
Sri Lanka may have to adopt a flexible exchange rate if it’s to meet the IMF target of a US$ 135 million balance of payments (BoP) surplus by the year end. IMF Resident Representative Dr. Koshy Mathai speaking on the economy in an interactive seminar on Thursday said that with the rise in imports there ...
- Achieving economic goals amidst global challenges (Category: Business)
- Property Market Stagnant (Category: Breaking News)
- No need to raise interest rates further says Cabraal (Category: Business)
- Aid, So Near, But Yet So Far (Category: Breaking News)
by Darini Rajasingham Senanayake On 4 February, Sri Lanka celebrated its 63rd birthday. After nearly three decades of armed conflict, it is now one of Southasia’s calmest and fastest-growing countries. Its social indicators, apart from the northeast zone, remain the...
- Military in Sri Lanka encroaching on civilian control of government (Category: Breaking News)
- Sri Lanka military extending its influence over civilian affairs, things are not looking good fo... (Category: Breaking News)
- Sri Lanka’s North: Rebuilding under the Military (Category: Breaking News)
by M.D. Nalapat That old habits die hard is clear from the way in which the functionaries of the European Union seek to influence the developing economies on the best way to manage their nations. And woe betide those leaders...
- India would have to do something if Colombo continues to encourage China and Pakistan (Category: Breaking News)
- China and India playing the great game in Sri Lanka (Category: Breaking News)
- House watchdog told of Army’s shameful failure to provide proper meals for troops (Category: Breaking News)
The consumer will have to bear the brunt of a possible wave of price increases in the new year, just a few days away, with electricity prices billed to go up by 8%, followed by gas and milk food price hikes as well, coupled with the cascading effects of such increases on the rest of ...
- Opposition calls for freeze on utility prices (Category: Western Australia)
- CEB GM Eng. Rohan Seneviratne steers electricity sector toward sustainable and renewable future (Category: Breaking News)
- CEB Losses To Increase To Rs. 70 Bn. (Category: Breaking News)
- JVP Condemns Price Hikes (Category: Breaking News)
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
- American Premium – Market Leader In Bottled Water (Category: Breaking News)
- KP speaks out ~ 2 – An interview with the former LTTE chief (Category: Breaking News)
- âWindow to Chinaâ launched (Category: Breaking News)
- No Tsunami danger due to earthquake off Maldives â (Category: Breaking News)
By Ravinatha Pandukabhaya Aryasinha Ananda College Old Boys' Association Olcott Oration 2010...
- A post-war challenge for Sri Lanka: Dismantling the LTTE overseas and rebuilding a Sri Lankan id... (Category: Breaking News)
- Sri Lanka is still under threat, warns Defence Secy. – Part I (Category: Business)
- Sri Lanka’s image builders (Category: Breaking News)
- Sri Lanka’s image builders (Category: Features)
The International Monetary Fund says economic conditions have shown remarkable progress with low inflation, which is expected to remain in single digits for the year, strong external balances, a high rate of remittance inflows, comfortable levels of gross reserves and rapidly improving tourism prospects. In a comprehensive report on the 2.6 billion US Dollar stand-by-arrangement ...
by S. Venkat Narayan Sri Lankan Minister for External Affairs Gamini Lakshman Peiris says the Tamils at home and abroad are responding favourably to the sincere efforts President Mahinda Rajapaksa's government has been making to improve their lot since the...
- India would have to do something if Colombo continues to encourage China and Pakistan (Category: Breaking News)
- Karunanidhi can have Tamil Eelam in India: Gotabaya Rajapaksa (Category: Breaking News)
- T-junction in the road (Category: Business)
- I Joined Govt to Help Tamils and not to betray them - Prabha Ganesan (Category: Breaking News)
(“International Day for the Eradication of Poverty” falls on 17th October and it has been observed every year since 1993. The theme for 2010 is ‘From Poverty to Decent Work: bridging the gap. This article talks about current status of...
- Village as a developmental unit (Category: Business)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
- Joint holistic and long-sighted approach needed to make Sri Lanka the congenial home of all resi... (Category: Breaking News)
- Poverty, Aswesuma and food security (Category: Breaking News)
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...
- Sri Lanka calls for anti-UN report rally (Category: Breaking News)
- Probe Pressure (Category: Business)
- Parallel world’s short circuit in Oxford (Category: Breaking News)
- Tamil Aussie community criticises govt. decision (Category: Breaking News)
Winning the Peace by Ross Tuttle After 30 years of war, Sri Lanka's Tamil community is finally connected again with the outside world. But life under occupation has its own tensions -- and renewed conflict is always a possibility. JAFFNA,...
- Sinhala nationalist mind set seems incapable of comprehending what Tamils are articulating (Category: Breaking News)
- The defeat of the LTTE is being systematically transformed as the defeat of the Tamil and Muslim... (Category: Breaking News)
- The fundamental problem is not secessionism or devolution but justice for all communities in the... (Category: Breaking News)
- We condemn the opinion of Chinese Ambassador who supports the genocides: Jaffna University Stude... (Category: Breaking News)
The International Monetary Fund is optimistic that Sri Lanka will be one of the World’s high fliers in terms of growth in the coming quarters. Sri Lanka’s economy advanced by 8.5 percent during the second quarter of this year based on the success recorded in several sectors of the economy
- Greater Expectations (Category: Business)
- Post War (Category: Business)
- Brief Respite (Category: Business)
- Wireless Vogue (Category: Business)
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 ...
- How tourism yield can be suitably incorporated into the sustainability paradigm (Category: Business)
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Business)
- Tourism: Fast growth or slow burn? (Category: Business)
A visiting International Monetary Fund (IMF) mission in Sri Lanka to review its programme in the country expressed satisfaction over the progress of the Sri Lankan economy. The mission said today (23) that it could make the necessary recommendation to release the next tranche of US$ 200 million
- Disappointed astronomers battle on (Category: Technology)
- In pictures: Nasa rover's Martian adventure (Category: Technology)
- Space race (Category: Technology)
- UK science says 'fly me to the Moon' (Category: Technology)
By Roel Raymond The three day official visit of Sri Lanka’s President Mahinda Rajapaksa to the Ukraine from June 30 to July 2 has widened bilateral relations and made way for higher levels of understanding and cooperation in sectors relating to trade, economy, tourism and human resources
- President leaves for Ukraine (Category: Breaking News)
- Sri Lanka, Ukraine to strengthen military ties (Category: Breaking News)
- Bilateral talks between Sri Lanka and Ukraine leaders today (Category: Breaking News)
- Sri Lanka President returns from Ukraine (Category: Breaking News)
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