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HAS democracy failed in the Maldives? As chaos engulfs the second closest country to Sri Lanka, it is impossible not to wonder over where this change will lead. Will the country still continue as a democracy or will it fall into extremist hands? What are the lessons that Sri Lanka can learn from what has ...
- Germany concerned over latest developments in Maldives (Category: Business)
- Nasheed Won’t Seek Asylum (Category: Breaking News)
- Maldives charges ex-President with Judge’s detention (Category: Business)
- Ex-Maldives leader not to seek asylum in Sri Lanka (Category: Breaking News)
“It is unlikely that in making his overstatement on development that the President was seeking to downplay the achievements of the past by his illustrious predecessors in the governance of the country. In the 1950s there was the Gal Oya development scheme that opened up the vast territories of thick jungle land in the east ...
- US will support resolution on Sri Lanka at HRC sessions in Geneva (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
- The government, the LLRC and what civil society can do (Category: Breaking News)
- Sri Lanka: Government fears strategy of “Regime Change” through external intervention (Category: Breaking News)
Ambassador updates foreign reporters on post-conflict development and reconciliation in Sri Lanka “Sri Lankans support a home grown solution for reconciliation” Ambassador invites international correspondents to visit Sri Lanka WASHINGTON: Ambassador Jaliya Wickramasuriya hosted a group of foreign correspondents here in a January 25 reception held at his residence, prompting a discussi...
- Effective LLRC implementation sans external pressure (Category: Business)
- Sri Lanka’s ‘Lies Agreed Upon’ screened in US Congress (Category: Business)
- Sri Lanka will hold accountable every person accused of war crimes – Jaliya (Category: Business)
Reuters: India cut cash reserve requirements for banks by 50 basis points on Tuesday to ease tight liquidity conditions, signalling a shift in policy towards reviving growth after two years of fighting inflation. With core inflation still stubbornly high, the Reserve Bank of India as expected left its policy repo rate unchanged at 8.50 percent ...
- India Central Bank leaves interest rates unchanged, cuts CRR (Category: Business)
- India’s inflation may have picked up slightly in Feb. (Category: Business)
- India’s July inflation eases; rate hike still seen (Category: Business)
- India’s inflation hits three-year low, cenbank seen unmoved (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)
CAMBRIDGE, Mass. (Reuters): Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism while 40 per cent did not. The disillusionment was particularly marked among young people 18-29, African Americans and Hispanics, those with ...
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- HAPPY BIRTHDAY MR. PRESIDENT (Category: Breaking News)
- Entrepreneur and the profit motive (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
Rotating Savings and Credit Associations and the Finance Business Act No. 42 of 2011Cheetu or Rotating Savings and Credit Associations (RoSCAs) are the world over a well-recognised method of savings and capital accumulation for the poor and marginalised. Advocate E.B. Wikramanayake B.A., in his Legal Dictionary for Ceylon (1948 Edition) describes a cheetu club as ...
- Unregulated microfinance - A high-risk strategy (Category: Business)
- Finance: Restrictions on use of the word (Category: Business)
- Regulation of microfinance institutions (Category: Business)
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors. The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the ...
- Dhammika to be appointed Chairman of Sampath Bank (Category: Business)
- CB clears five new nominees to Sampath Bank Board (Category: Business)
- Qualified daughters make their way to boards (Category: Business)
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
By Dinali Goonewardene Prathilaba was telecast on Rupavahini on Sundays at 10 a.m. The TV documentary, a studio discussion on investing in the stock market was commissioned by the Securities and Exchange Commission and panellists from the stock market industry participated. These included stock brokers, research analysts, fund managers and officials from the Colombo Stock ...
- Invest In Stocks With Good Valuations (Category: Breaking News)
- Investor Day at Negombo tomorrow (Category: Business)
- SEC Investor Day goes to Matara (Category: Business)
- Investor Day in Kurunegala on Saturday (Category: Business)
Edna Group of Ceylon, one of the largest conglomerates in Sri Lanka, has tied up with Dialog Enterprise to provide mobile communication solutions to the group, which includes Dialog BizConnect; an APN (Access Point Network) solution, allowing sales teams to give real time updates from the field. Dialog BizConnect APN (Access Point Network) Solution by ...
- Dialog Axiata opens Enterprise Discovery Centre in Colombo (Category: Business)
- Dialog Enterprise inks deal with Stafford Motors (Category: Business)
- Dialog, Micorimage deploy Lanka’s first cloud based human resource application (Category: Business)
- Commercial Bank of Ceylon and Dialog partner for managed services (Category: Business)
Reuters: North Korean leader Kim Jong-il died of a heart attack while on a train trip, state media reported on Monday, sparking immediate concern over who is in control of the reclusive state and its nuclear programme. A tearful television announcer dressed in black said the 69-year-old had died on Saturday of physical and mental ...
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
After the recent Commonwealth Games in New Delhi, India, critics found three new words for the acronym ‘CWG’ – Corruption, Waste and lack of Governance. The Chairman of the Indian National Olympic Committee, who was Chairman of the Organising Committee, is presently in Tihar Jail, in Delhi with many of his acolytes, on charges regarding ...
- CWG bid money not wasted: Cabraal (Category: Business)
- Gold Coast wins CWG 2018 bid (Category: Breaking News)
- Sri Lanka hosting CWG would inspire 45 other nations – President (Category: Business)
- A month to go for vote, Govt. says momentum building on Hambantota’s 2018 CWG bid (Category: Business)
Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...
- Highlights of the Budget 2012 proposals (Category: Business)
- Sri Lanka Budget 2012: Growth in focus (Category: Business)
- Budget bloats! (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
The Free Dictionary defines impunity as ‘exemption from punishment or loss or escape from fines’. In the context of the international law of human rights, it refers to the failure to bring perpetrators of human rights violations to justice and, as such, itself constitutes a denial of the victims’ right to justice and to bring ...
- The Need to Address Persistent Impunity for Violations and Abuses of International Human Rights ... (Category: Breaking News)
- Power: Opium of the political class (Category: Business)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
Reuters: The Iranian army is conducting a four-day training exercise to test its defences, state TV reported on Saturday, amid rising international tensions over Iran’s nuclear programme. Press TV said the war games started on Friday and were taking place over 800,000 square km in the east of the country. “The initial stage of the ...
- Nuclear stand-off (Category: Technology)
- Hot Plan (Category: Business)
- Nuclear Dispute (Category: Business)
- Iran: Heading toward a nuclear show-down? (Category: Technology)
Reuters: Italy’s president appointed former European Commissioner Mario Monti on Sunday to head a new government charged with implementing urgent reforms to end a crisis that has endangered the whole euro zone. After a frenetic weekend during which parliament passed the reforms and Prime Minister Silvio Berlusconi stepped down to the jeers of hostile crowds, ...
- Italy’s Monti defends reform as opposition grows (Category: Business)
- Italy’s Monti sees end of crisis getting closer (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
- Out: politicos; in: technocrats (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna claims spending Rs. 265 billion on an 11-day extravaganza is intolerable for an economically ailing country like Sri Lanka. Addressing a media briefing the JVP warned that the aftermath of hosting the 2018 Commonwealth Games would not be rosy as the Rajapaksa administration predicts According to JVP Propaganda ...
- Govt. takes vengeance on private sector over pension bill – JVP (Category: Business)
- JVP accuses Govt. of crippling University system (Category: Business)
- AKD’s India visit: ‘JVP will not compromise Lanka’s security and economic interets’ (Category: Breaking News)
- JVP urges public to hold Govt. accountable for “gambling with public money” (Category: Business)
PARIS (Reuters): France announced 65 billion euros of tax hikes and budget cuts over five years, as President Nicolas Sarkozy seeks to protect the country’s creditworthiness in financial markets without killing his chances of re-election in six months time. The main goal was to protect a top-notch credit rating that allows France to fund itself ...
- Sarkozy details measures for growth, jobs (Category: Business)
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Voting begins in France, economy may doom Sarkozy (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
Airline, unions appear again before govt-ordered labour tribunal Qantas says 447 flights grounded, 68,000 passengers affected since Sat PM calls for end to dispute World leaders at Perth meeting among those affected Rival airlines put on more flights MELBOURNE, Oct 30 (Reuters) – Qantas Airways and its unions appeared before a labour tribunal on Sunday ...
- Qantas chaos casts shadow on Gold Coast bid for 2018 CW Games? (Category: Business)
- Blow for Qantas as talks with Malaysian Airlines end (Category: Business)
- Qantas overhauls with $ 9 b fleet order, two new airlines (Category: Business)
- Fair Work ends Qantas industrial dispute (Category: Australia, Queensland)
Reuters: Greeks greeted the latest European Union deal to rescue their debt-choked country with deep scepticism on Thursday, fearing further painful belt-tightening and years more of recession. EU leaders struck a deal with banks and insurers early on Thursday for them to accept a 50 percent loss on their Greek government bonds under a plan ...
- Greece, creditors strive to avoid costly default (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- Greek troika sees second bailout up to 145 b euros (Category: Business)
- Euro zone seals second Greek bailout worth 130 b euros (Category: Business)
The courage the Government has demonstrated in cancelling the CATIC deal and yet feeling secure, rather than embarrassed by it, must be recognised. It is a responsible step, a prudent decision, which will have enduring benefit both in terms of national policy and FDI strategy. This step will also earn the respect of the indigenous ...
- Sovereign Wealth Funds (Category: Business)
- Sector report (Category: Business)
- Unilever’s Pears to make millionaire children (Category: Business)
- Revamped Siddhalepa Ayuverda Health Resort opens (Category: Business)
U.S. presidential election all about the economy First bin Laden, now Iraq Obama shows he can answer the “3 a.m. call” WASHINGTON (Reuters): President Barack Obama delivered on another foreign policy promise on Friday with plans to pull the last U.S. troops from Iraq. But in a re
- Obama’s 2013 budget a campaign call to arms (Category: Business)
- US will ‘do what we must’ on Iran, UN’s Ban opposes threats (Category: Business)
- Obama says it’s clear US economy ‘not doing fine’ (Category: Business)
- Obama takes campaign to Latin America, slams Romney (Category: Business)
Lessons from the life and times of Steve JobsA process of education should equip young people with the values, knowledge and skills required to lead a fulfilling and productive life. Additionally, a good grounding in the fundamentals of math, science and the English language is essential. Nations have to move away from the unquestioning mode ...
- Computer great Dennis Ritchie dies at 70 (Category: Business)
- Income inequality: How the rich got richer and what politicians are doing about it (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
- Impact of the Apple management change (Category: Business)
Gulf Air, the national carrier of the Kingdom of Bahrain, yesterday took delivery of its first A330-200 aircraft retrofitted with Panasonic Avionics Corporation’s (Panasonic) Global Communications Suite. The comprehensive communications and entertainment solution, ‘Sky Hub’, offers passengers onboard full broadband connectivity to access internet, mobile phone services and, for t...
- SIA invests $ 400 m for next-gen in-flight entertainment systems (Category: Business)
- Emirates continues roll-out of inflight product innovations (Category: Business)
- Emirates launches A380 connectivity (Category: Business)
- Emirates in-flight entertainment wins Skytrax Award (Category: Business)
A COLLEGE drop out and global genius is dead. Steve Jobs was a very private person, eccentric and brash. He was fired from the company he founded Apple and was brought back to resurrect it and make it one of the most valuable and admired companies on earth, its stock earlier this year the most ...
- Competing for FDI: An agenda for Sri Lanka (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
n Becomes first network agency in Sri Lanka to host a premier regional forumJWT’s Asia Pacific Executive Creative Directors (ECD) will be meeting in Colombo for the agency’s quarterly creative review, ‘Passion Patrol’. Held from 10-12 October, ‘Passion Patrol’ is the meeting that reviews the best work produced in the network’s offices across 18 countries ....
- JWT to infuse innovation and creativity in Sri Lanka (Category: Business)
- JWT wins Sri Lanka’s first ever Lotus Roots Award at ADFEST 2012 (Category: Business)
- J. Walter Thompson launches new communications integration agency brand (Category: Business)
- JWT shuffles leadership in Asia-Pacific, focus on India and China (Category: Business)
Today the Sri Lankan government is under international pressure on account of war crimes that were committed in the last phase of the war. The Canadian Prime Minister has said that he may not attend the Commonwealth Heads of State summit that is to be held in Sri Lanka in 2013. Legal cases against Sri Lankan ...
- International hypocrisy and double standards over Sri Lanka in 2009 and Libya in 2011 (Category: Breaking News)
- Scapegoating of a General (Category: Breaking News)
- FULL ACCOUNTING TO DEAL WITH WAR CRIMES CHALLENGES (Category: Breaking News)
- U.S. Senate Resolution and Blake's Remarks Indicate Emerging Convergence of Opinion in US on Sri... (Category: Breaking News)
Emirates, one of the world’s fastest growing airlines, has unveiled major new expansion plans for the United States with the launch of daily services to Seattle and Dallas. Dallas-Fort Worth and Seattle-Tacoma International airports will both be served by non-stop flights from 2 February and 1 March 2012 respectively. “These new services emphasise Emirates’ confidence ...
- Dallas area may get another drenching today (Category: USA, Texas)
- Dallas police searching for suspect in South Dallas slaying (Category: USA, Texas)
- Dallas woman reports kidnapping ordeal in northeast Dallas (Category: USA, Texas)
The mobile phone as the pitch goes could be the most powerful marketing tool ever invented. Until recently, however, the cell phone has been mostly about talking the talk (or texting the text). Now, from an advertising perspective, there are signs that they may be starting to walk the walk. Worldwide, there are twice as ...
- Colombo to host GSMA mWomen Working Group meeting (Category: Business)
- Tapping into mobile’s massive growth potential (Category: Business)
- Sri Lanka ready to provide optimum service via mobile phone (Category: Business)
- Report sought from operators (Category: Breaking News)
Establishing a landmark in Sri Lanka’s aviation history, SriLankan Airlines’ makes its maiden flight to the historic city of Moscow, commencing a twice-weekly scheduled service between Colombo’s Bandaranaike International Airport (BIA) and Moscow’s Domodedovo Airport on 17 September 2011. Religious observances by dignitaries of the four religions in Sri Lanka will invoke bl...
- SriLankan Airlines launches flights to Moscow (Category: Business)
- Warm welcome for Russian group (Category: Business)
- SriLankan Airlines recommences services to Zurich (Category: Business)
- Sri Lanka's national carrier begins flights to Moscow (Category: Breaking News)
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