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NDB Investment Bank Limited (NDBIB) was adjudged the ‘Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euromoney, the world’s premier financial markets magazine. This is a historical achievement for NDBIB as well as the country since it is the first time Euromoney has ever recognised an investment bank in ...
- NDBIB creates history at Euromoney Awards (Category: Business)
- NDB’s Annual Report 2011 ranked high amongst the best in the world (Category: Business)
- NDB Group 2011 profits up 35% to Rs. 2.9 b (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
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)
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
- Achieving economic goals amidst global challenges (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
Recent newspaper advertisements heralding the birth of a sports economy is indeed good news for sportsmen in general and sports entrepreneurs in particular. Tax exemptions that serve as attractive incentives are a much awaited step in the right direction for a small nation who has time
- Sports Track (Category: Business)
- Sports Track (Category: Business)
- Tax Breaks (Category: Business)
- Will play only if you pay! (Category: Business)
Toronto star: Mohamed Nasheed’s current status makes The Island President a misnomer. The star of the acclaimed documentary is now the ex-president of the Maldives, the island paradise in the Indian Ocean that is in danger of sinking due to high waves caused by climate change. Nasheed was forced to resign this past February, in ...
- Maldives President resigns after Police mutiny (Category: Business)
- Maldives eyes $100 million tourist tax for CO2 plan (Category: Business)
- Nasheed slammed for representing Sri Lanka at COP27 (Category: Breaking News)
- Sir Richard Branson says world faces “The Mother of All Recessions” (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)
Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...
- Fonseka says ‘Government must go’ (Category: Business)
- Sarath Fonseka will be released soon, says President (Category: Business)
- Letting the General out of the bottle (Category: Business)
- Sarath Fonseka gets conditional bail (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) at its 42nd annual general meeting elected a new Executive Committee for the ensuing year. President Tilan Wijeyasekera pledged to continue the SLIM traditions built up over the past four decades and work to a planned programme setting goals and objectives which can be achieved in the course ...
- Pradeep Edward appointed as inaugural SLIM-BUCKS (UK) Alumni President (Category: Business)
- SLIM launches new website (Category: Business)
- SLIM inaugurates National Diploma in Sales Management (Category: Business)
- HNB Assurance joins as strategic partner for SLIM-Nielsen People’s Awards 2012 (Category: Business)
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
- WB cuts China growth forecast to 8.2% (Category: Business)
- Challenging times for Asia Pacific (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 three winners of Sri Lanka Science and Engineering Fair (SLSEF) 2011 – Chathura Saman Kumara from Pinnawala Central College, Rambukkana, Maleen Wijeratna from Maliyadeva College, Kurunegala, and a team comprising Pipunika Vimanthi Silva and Nipun Kavishka Silva from De Mazenod College, Kandana – will travel to Pittsburg, PA in the USA to represent Sri ...
- Intel celebrates five years of supporting education in Sri Lanka (Category: Business)
- Intel ‘Education Pavilion’ at Infotel 2011 showcases students’ ICT achievements (Category: Business)
- SLSEF winners felicitated by Education Ministry and Intel (Category: Breaking News)
- Intel promotes Global Competition through ISEF (Category: Breaking News)
By Surendra Ajith Rupasinghe The aftermath of the Geneva drama has brought out new dimensions and intensified contradictions internationally, regionally and locally. This article is an initial attempt to strategically map the emerging scenario and position the various major players and locate their respective agendas, and charter a path to freedom and democracy. The Role ...
- U.S. Senate Resolution and Blake's Remarks Indicate Emerging Convergence of Opinion in US on Sri... (Category: Breaking News)
- Geneva: The Tangled Web Of Many Deceptions (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
- The politics of domestic and international accountability options in Sri Lanka (Category: Breaking News)
NDB‘s contribution to infrastructure development has been substantial during the last three decades. Having garnered the experience and expertise to cater towards the development process in Sri Lanka, NDB continues to focus on this vital component providing the necessary support that will help towards economic development in the country. NDB CEO Russell de Mel says, ...
- DFCC: Changing the sustainable energy landscape in Sri Lanka (Category: Business)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Nestlé Lanka crowned as ‘Best Corporate Citizen’ (Category: Business)
- Sri Lanka’s energy sector at risk: Calls for diversification amidst Chinese investments (Category: Breaking News)
The exchange rate (ER) last week had the dubious distinction of making a steep dive to hit Rs. 130 by being depreciated by nearly Rs. 5 against the US dollar ($) in a week in interbank trading on the back of import demand, but since then has seemingly been tenuously holding on to those levels ...
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- ER Holds At Rs. 130 (Category: Breaking News)
- Stage Set For FDI Inflows (Category: Breaking News)
- $ Strengthens To Rs. 132.40 (Category: Breaking News)
The important role Life insurance can play in a modern economy was emphasised by a top international economist when life insurance leader Ceylinco Life recently honoured 250 top achievers who contributed to the company’s stellar growth in 2011. Addressing the 23rd Ceylinco Life Achiever’
- Ceylinco Life opens second Kurunegala branch in own building (Category: Business)
- Ceylinco Life builds its own distinctive branch in Jaffna (Category: Business)
- Ceylinco Life invests in own building to serve Gampaha (Category: Business)
- Ceylinco Insurance announces 65% dividend (Category: Business)
When one saw recent pictures of a fit and energetic Chief Executive of Sri Lanka Inc. dashing downfield with a football, for a moment many would have wondered if football in Sri Lanka had indeed found a new sponsor, the State itself! But with the Minister of Sports watching intently, we were soon to realise ...
- Mobitel supports Civil Defence Force ‘Nandimithra’ Football Team (Category: Business)
- Samaposha Fuels Under 13 Schools’ Football (Category: Breaking News)
- Focuss Appointed Official Casual And Formal Wear Provider For Sri Lanka Rugby (Category: Breaking News)
Parliamentarian Namal Rajapaksa was an invitee panellist at the prestigious India Today Conclave 2012 held in New Delhi from 16-17 March 2012. The India Today Conclave, which is held annually, has seen the participation of leading Indian and international personalities such as Shah Rukh Khan, Mohamed El Baradei, Sarah Palin, Dominique De Villepin, Union Minister ...
- 4th SAARC Business Leaders Conclave in Kathmandu concludes (Category: Business)
- “Develop sufficient spaces within economies to face complexities” (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
- World economic power shifting back to Asia from the West (Category: Breaking News)
By Cheranka Mendis With a membership of 107 top entrepreneurs of the country – among which close to 200 leading organisations is managed providing employment close to 250,000 people – the Chamber of Young Lankan Entrepreneurs (COYLE) is a unique and highly valuable organisation to the country. Taking the mantle of the Chamber from K.H. ...
- COYLE visits Hambantota; says a land of opportunity for PPPs (Category: Business)
- Idac Chief Rohitha Silva new Chairman of COYLE (Category: Business)
- COYLE to unveil leadership facets: ‘The Untold Truths of Sri Lankan Entrepreneurs’ (Category: Business)
- Fly the Sri Lanka flag urges COYLE (Category: Business)
While the debate is on in the UNHRC assembly in Geneva, on the streets of Sri Lanka and even on the streets of some cities in Europe, the objectives of the American sponsored Resolution on alleged human rights violations by Sri Lankan armed forces, appear to be lost on most of those concerned, even the ...
- Indian PM says 'intending' to vote for resolution against Lanka (Category: Breaking News)
- Jayalalithaa expressed disappointment with the letter of Prime Minister Manmohan Singh (Category: Breaking News)
- Violation of National Sovereignty or Protection of Sovereignty of the People? (Category: Breaking News)
- Sri Lanka will ask for vote on upcoming “unfair” UN resolution: foreign minister (Category: Breaking News)
The gap between the rich and poor used to be the province of Third World countries. Why is it an issue in developed countries these days? INSEAD Knowledge: Gaping disparity between the rich and the poor used to be the hallmark of Third World or developing countries – places without a “middle class” or an ...
- Asia’s increasing rich-poor divide undermining growth, stability – ADB Report (Category: Business)
- Gaps that cause instability (Category: Business)
- IMF and income inequality (Category: Breaking News)
- OECD sees no end to jobs crisis as economy struggles (Category: Business)
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 ...
- SJB offers free legal assistance to anyone to be charged under OSB (Category: Breaking News)
- What does ‘strategic partnership’ with the US entail? (Category: Breaking News)
- The need of the hour is a broad civil rights movement uniting all progressive forces (Category: Breaking News)
- JVP’s message for International Workers’ Day 2023 (Category: Breaking News)
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
- Important issues (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
- Sri Lanka’s economy stands to gain from a stronger Europe: German Envoy (Category: Business)
Some important issues for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over: Stiglitz believes that the austerity plans in the EU nations, especially by the debt ridden poorer nations of the group is akin to a collective suicide pact and is an act madness promoted and enforced by ...
- Sri Lanka’s Foreign Ministry to summon Canadian envoy over sanctions (Category: Breaking News)
- Online Safety Bill & Anti-Terror Bill – Law Making To End Democracy & Fundamental Rights Of Sri... (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
It will not draw last tranche of US$800mil due to high interest rate by the global lender Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the ...
- Sri Lanka won't draw balance of IMF loan (Category: Breaking News)
- Conspicuous correction by CB (Category: Business)
- IMF to consider $ 800m loan for Sri Lanka (Category: Business)
- CB says all June-end IMF loan targets met (Category: Business)
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
- Ricky Mendis buys 8% of Serendib Hotels for Rs. 142 m (Category: Business)
- Location! Location! Location! (Category: Business)
- LOLC seeks Rs. 4 b funding for Lanka’s biggest resort complex (Category: Business)
- Shareholders vote out Rights; Malwatte opts for debt for tourism venture (Category: Business)
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
- A resolute Sri Lankan economy (Category: Business)
- Robust Roadmap! (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- CB says S&P’s revision unwarranted (Category: Business)
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling
- W. Bank’s Zoellick says double-dip recession unlikely (Category: Business)
- Flashing red - European debt crisis signals collapse of social welfare state (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- G20 backs Europe’s plans for overhaul to fight crisis (Category: Business)
The Range Rover Evoque, Land Rover’s sensational new SUV – a car that won 34 international awards in the three months after its first production model came off the line in September 2011 – has arrived in Sri Lanka. The smallest, lightest, most fuel-efficient Range Rover ever produced, the Evoque has been described as ‘one ...
- Range Rover Evoque sponsors top authors at GLF (Category: Business)
- Victoria Beckham turns designer hand to cars (Category: Business)
- Britain’s best new cars (Category: Business)
- Range Rover to serve Hill Club tennis as Diamond Sponsor (Category: Business)
Lessons from China or Tunisia? Just few months ago, in response to a public outcry for more accountability and transparency in the use of public funds, the State Council, which is the Cabinet in the Chinese government, directed 98 public institutions including ministries to make public their budgets and expenditure on official receptions, official overseas visits and ...
- Extravagance: National pride to continue in 2012 as well? (Category: Business)
- US grants immunity to President Rajapakse in War Crimes case (Category: Breaking News)
- Rajapakse banks on Blake’s diplomatic speak in US war crimes case (Category: Breaking News)
- The Powers of the National Police Commission (Category: Breaking News)
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
- What’s next for Brand Sri Lanka? (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
- Treasures of Sri Lanka, the ethical way (Category: Business)
President Eisenhower raised the alarm in 1961; its relevance today‘But most shall he sing of Lanka In the brave new days to come, When the races all have blended And the voice of strife is dumb, When we leap to a single bugle, March to a single drum.’ From ‘The Call of Lanka’, by the ...
- India, China militaries ease tensions; to resume joint exercises (Category: Business)
- On Ranil’s Decision To Tax The People Heavily (Category: Breaking News)
- Military in Sri Lanka encroaching on civilian control of government (Category: Breaking News)
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