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Wimbledon is special to me not because I played the tennis circuit during my schooling days but for the insights that I get into life and business in general. The 2012 edition in particular was unique, given that a Brit was in the finals of the men’s singles game, that was happening after 74 years. ...
- London: World’s first social media Olympics (Category: Business)
- The brand IPL is about highlighting performance (Category: Business)
- Ceylon Tea in catch-22? (Category: Business)
- The US Open and Sri Lankan policy (Category: Business)
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
- Improving Sri Lanka’s business climate (Category: Business)
- Sri Lanka Economic Summit to examine ease of doing business (Category: Business)
- Creating digital inclusion and regional connectivity (Category: Business)
- From science to commercialisation (Category: Business)
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit
- Govt. on right course, private sector must adapt and grow: Dr. P.B. (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- A resolute Sri Lankan economy (Category: Business)
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
Third batch of students graduate in TangalleThe third batch of 23 students, trained in hotel operations under ‘Jeevana’ Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on 9 July. MP Namal Rajapaksa was the chief guest at the ceremony. Initiated in September 2010, ‘Jeevana’ Livelihood Development Program endorses NDB’s ...
- NDB ‘Jeevana’ empowers youth in Jaffna together with DIMO (Category: Business)
- NDB Bank enhances hospitality trade through ‘Jeevana’ initiative again (Category: Business)
- NDB helps youths to get jobs in the growing tourism industry (Category: Breaking News)
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
Last week I was on the Air Force flight on route to Jaffna for a meeting with 52 investors who wanted to invest in the first industrial estate in the Northern Province – Atchchuveley. In my hand were the key sites that one can visit in Jaffna as a tourist. The first thought that struck ...
- Why Lion leads frontier (Category: Business)
- Atchchuvely a public-private model in Jaffna! (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
- As the world decides to vote (Category: Business)
Post-civil war Sri Lanka may be on an upward economic curve but, for Tamils in the north, military control remains a way of life Three years after its civil war, Sri Lanka has emerged as a middle-income country on course to meet most of the millennium development goals. GDP rose by around 8% during 2011 and tourism ...
- Over 100 arrested in new “Grease Devil” clash; Gota fires warning (Category: Business)
- Sri Lanka’s top Tamil leader confident of political solution (Category: Business)
- Northern citizens reject Chinese efforts to make inroads into Jaffna (Category: Breaking News)
- US praises ‘very serious’ Sri Lanka reconciliation plan (Category: Breaking News)
The Sri Lanka Banks’ Association (SLBA), which represents the licensed banks operating in Sri Lanka, in a statement, said yesterday that it was concerned over the statement made by Standard and Poor’s. SLBA said S&P’s statement was issued on 20 June, where attention was drawn to concerns over credit risk in the banking industry. Concerns ...
- Mashreq leads $ 140 m loan syndicate for Bank of Ceylon (Category: Business)
- SriLankan Airlines gets $ 175 m Islamic loan from Gulf banks (Category: Business)
- Banking industry joins Lankan chorus against UNHRC moves (Category: Business)
- KumbukRiver among spectacular hotels (Category: Travel)
By Cheranka Mendis NDB Group yesterday introduced full service investment banking operations with the re-launch of Capital Development and Investment Company (CDIC) under a new corporate identity as NDB Capital Holdings Plc. NDB Capital Holdings CEO and Director Vajira Kulatilaka (second from left) addresses the media yesterday. Others from left are NDB Capital Holdings Chief ...
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
- NDB Investment Bank makes history at Euromoney Awards for Excellence 2012 (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
- World Finance names NDB the ‘Best Commercial Bank in Sri Lanka’ (Category: Business)
WOKE up as usual to a nursery rhyme. The Bread Man, who blares the same old tune over a megaphone every day, runs two jobs; one of waking up Sri Lanka, a job coercively collared from the rooster and the other selling bread and buns. The ice cream man comes later on in the day, ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
Region’s tourism to be hit in euro collapse-Euromonitor Tourism receipts could drop as much as 17.3 percent Hotel value sales would be down 15 percent Spending on air travel could drop 20 percent FRANKFURT (Reuters): A collapse of the euro zone would have a crippling impact on Europe’s airlines and hotel groups, as consumers and ...
- Greek Q1 tourism income drops 15%; fewer Russians, Germans (Category: Business)
- Spain economy stagnates, deficit at risk-cbank (Category: Business)
- Asian markets end on a mixed note on May Day (Category: Business)
- Brent falls near $113 over euro zone jitters (Category: Business)
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
With the end of the war, there was a desire throughout the country for a peace dividend. Over the 30 years of the conflict, pent-up demand had built up both for consumption and investment expenditure. The authorities were under intense political pressure to create an environment that was conducive to finance imports of consumption goods, ...
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- CCC says no room for complacency (Category: Business)
- Under President’s leadership, numerous programs have been launched to foster an investment-frien... (Category: Breaking News)
an economy mired in a deep five-year ...
- German travel firms says Greece bookings plunge (Category: Business)
- JVP breathes fire against 2018 Commonwealth Games bid (Category: Business)
- Euro zone collapse would cripple tourism-Euromonitor (Category: Business)
- Sri Lanka could miss 7.2% growth target (Category: Business)
After Thursday’s (May 31) state owned People’s Bank defence of the exchange rate (ER), first at Rs. 132.50 and then at the Rs. 131/80 level, the ER gained by a rupee over that of Thursday’s close (Rs. 132/50) to end last week at the Rs. 131/20/131/50 level in two way quotes on market play. One ...
- Liquidity, Reserves, Grant Space (Category: Breaking News)
- Stage Set For FDI Inflows (Category: Breaking News)
- Flagging Imports Stablises ER (Category: Breaking News)
- Cabraal Soothes Rates At ER’s Expense (Category: Breaking News)
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
- ‘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)
Finance Ministry launches Annual Report, says economy on track despite tough trade deficit, adopts wait-and-see approach with policies; urges banks to lend more to agriculture and manufacturing sectors Treasury Secretary Dr. P.B. Jayasundera yesterday gave the economy a clean bill of health
- The US economy is about to shrink, JPMorgan warns (Category: USA, Nebraska)
- The US economy is about to shrink, JPMorgan warns (Category: USA, Maryland)
- The US economy is about to shrink, JPMorgan warns (Category: USA, Maine)
- The US economy is about to shrink, JPMorgan warns (Category: USA, Iowa)
Reuters: Tourism revenues in Mauritius rose 15.6% in the first quarter to March compared to a year ago although arrivals were slightly lower, data showed this week. “Gross tourism receipts for the first quarter of 2012 were estimated by the Bank of Mauritius at 13.81 billion rupees ($465.77 million)… compared to 11.94 billion estimated for ...
- Mauritius 2011 tourism revenues up 10% to $1.48 b (Category: Business)
- Mauritius says 2012 tourist arrivals to rise 3% to 1 m (Category: Business)
- Emirates and Mauritius join forces to promote the destination worldwide (Category: Business)
- Mauritius cuts its 2012 tourist arrivals forecast again (Category: Business)
Saudi Arabia, the Arab world’s largest economy, wants a joint council to boost trade ties with Sri Lanka, the Ministry of Industry and Commerce announced this week. The Ministry quoted Dr. Mohammed H. Al-Kathiri, the Deputy Minister for Foreign Trade of Kingdom of Saudi Arabia as saying
- Arab Attraction (Category: Business)
- No ban from Saudi Arabia on recruitment from Sri Lanka (Category: Breaking News)
- Saudi Arabia wants joint council with Lanka (Category: Breaking News)
- 130 stranded housemaids return . (Category: Breaking News)
The Foreign Minister of Singapore will be visiting Sri Lanka from 26 May to 2 June 2012 accompanied by a high-powered delegation from the Singapore Business Federation (SBF). One of the key expectations of the delegation is to establish mutually-beneficial relationships with key Government officials as well as the Sri Lankan business community during ...
- Sri Lanka – Singapore signs MOU to strengthen business relationships (Category: Breaking News)
- Mutual lessons (Category: Business)
- Sri Lanka, Singapore to ink first-ever B2B MoU in Colombo today (Category: Business)
- Singapore business delegation to visit Sri Lanka (Category: Breaking News)
Admits growth may be slower but insists that all assistance will be given for investment Despite a growth downgrade in 2012, Central Bank Governor Ajith Nivard Cabraal insists that the Government is focused on encouraging private sector investment and will provide maximum assistance. Cabraal made these points as the Guest Speaker at the American Chamber ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Banking delegation in Qatar to attract investments (Category: Business)
- CB may take act on high credit growth (Category: Business)
Still recovering from decades of civil war, Sri Lanka has attracted some private equity interest but firms have found it hard to rally LP support for the country PE Asia: Sri Lanka’s golden sandy beaches lie not 50 kilometres from India’s closest point, but the distance between the two countries’ private equity markets is ...
- Sri Lanka Equity Forum celebrates two years of success (Category: Business)
- Private Equity (Category: Business)
- Shares Sales (Category: Business)
- Asia Leisure forms partnership with Teoria Investment Japan for new hotel projects (Category: Business)
CB gives appraisal on economy, admits 2012 start under pressure but insists new policies have smoothed road ahead By Uditha Jayasinghe Regardless of emerging pressures, the Central Bank is confident that Sri Lanka will be able to weather economic storms in 2012, a top official said yesterday
- July tourist arrivals up 7.8% (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
- JKH forges with solid growth (Category: Business)
- Stellar 3Q for JKH (Category: Business)
The highest oversubscription ever seen for a Sri Lankan international bond in April and KPMG’s latest positive Change Readiness Index ranking for Sri Lanka show the growing international investor confidence in the country, which prefers patient investments to hot money. “Sri Lanka has entered a new era of development thanks to the visionary leadership of ...
- Rishad to promote Lanka at Dubai AIM power forum (Category: Business)
- Indian interest - Sri Lanka readying for dedicated trade talks in March (Category: Business)
- UAE-Sri Lanka trade tops $ 1 b mark in 2011 (Category: Business)
- Robust exports to get boost via Expo 2012 (Category: Business)
Sri Lanka spent Rs. 56 b on above-the-line advertising in 2011 Taking wing to India for meetings is a usual routine for any business leader attached to a multinational in Sri Lanka as most such organisations have their regional offices in India. During a recent visit to India, the hype surrounding IPL – 5th edition ...
- The brand IPL is about highlighting performance (Category: Business)
- A brilliant marketer? (Category: Business)
- Storms brewing in teacups (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
The National Development Bank’s (NDB) corporate mission ‘to be dominant in the financial services sector, creating superior long-term shareholder value and contributing to economic development in Sri Lanka’ remains true to its roots even today, as it stays committed to fulfil its mission towards the nation, while creating long lasting relationships with its stakeholders. The ...
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- World Finance names NDB the ‘Best Commercial Bank in Sri Lanka’ (Category: Business)
- NDB’s bottom line tops Rs. 1 b in 1H (Category: Business)
- NDB continues to empower entrepreneurs (Category: Business)
Finance Ministry Secretary Dr. P.B. Jayasundera yesterday insisted that the recent fall in the value of the rupee was unwarranted and blamed it on speculators as recent corrective policy actions had strengthened fundamentals for greater stability in the exchange rate. “The recent spike is due to speculation more than on fundamentals. I reiterate that the ...
- Believe us today like when the going was good: Dr. PB (Category: Business)
- IMF’s take on Sri Lanka’s good, bad and the ugly (Category: Business)
- Rupee soars after Dr. PB’s remarks (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
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