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Today is 19 March 2012. The day and the month of March are significant in the lives of many people – some celebrating birthdays, some wedding anniversaries, while others nurse what is yet left over from the hangover of the three day drawn encounter that we experienced a week ago or the limited over Royal ...
- Measuring sustainable wellbeing (Category: Business)
- Warm welcome for war crimes agenda architect (Category: Breaking News)
- S. Thomas’, Royal, Oxford and Cambridge (Category: Business)
- US stronger 10 years after 9/11 attacks: Obama (Category: Business)
By Cheranka Mendis Despite the Central Bank’s forecast reading 7.2% growth for 2012, RAM Ratings Lanka CEO Adrian Perera is confident that the country can touch the 7.5%-7.6% mark by the end of the year. Perera told the Daily FT that the new projection is a realistic number from the 8% noted at the beginning ...
- RAM Ratings moves into new office (Category: Business)
- CA Sri Lanka Annual Report Awards powered by RAM Ratings (Category: Business)
- LB Finance rating rises to A-/P2, heralding a stable outlook (Category: Business)
- RAM Lanka sponsors ICASL Annual Reports Award Ceremony (Category: Business)
MANILA, PHILIPPINES: Economic growth in the Pacific region is expected to slow to 6.0% in 2012 from 7.0% in 2011, according to the latest Pacific Economic Monitor released yesterday by the Asian Development Bank (ADB). The slowdown is driven by lower growth in large resource-exporting economies that dominate regional growth. The Pacific region continues to ...
- E&Y launches 2012 Asia-Pacific Tax Policy and Controversy Outlook (Category: Business)
- ‘Pessimism’ over Asia-Pacific growth: survey (Category: Business)
- Economic growth of 9.5% targeted by 2013 (Category: Breaking News)
- Economic growth of 9.5% targeted by 2013. (Category: Breaking News)
As the world decides vote on Sri Lanka on the methods used on the eradication of terrorism in the country, my mind goes back to the December 2008 when three of us were organising the staging of the first Industrial Exhibition in Jaffna so that the north gets connected to south on an economic front. ...
- What’s next for Brand Sri Lanka? (Category: Business)
- Building ‘Brand Sri Lanka’: Expo 2012 (Category: Business)
It is pleasant to lead a peaceful life with no encumbrances and without debts. In the modern world, debt has become a part of life like breath. In Sri Lankan society, it has not been the case and the practice before. It has been a burden and a commitment for somebody to live in a ...
- World Consumer Day: ‘Our Money Our Rights’ (Category: Business)
- Does your money really belong to you? (Category: Business)
Janashakthi Insurance PLC, Sri Lanka’s third biggest insurer, posted a total income of Rs. 7.27 billion rupees, while total Gross Written Premium income rose 16.0 per cent to Rs. 7.13 billion for the year- ending December 31, 2011, the best ever performance of the company. Non-life insurance business rose 18.0 per cent to Rs. 5.256 ...
- Ceylinco Life’s Life Fund grows to Rs. 41.7 b in 1H 2012 (Category: Business)
- Union Assurance continues growth momentum in 1H 2012 (Category: Business)
- Sri Lanka Insurance yet again records a staggering profit of Rs. 10.6 billion before taxation fo... (Category: Breaking News)
Central Bank Governor Ajith Nivard Cabral has said in Doha that Sri Lanka’s per capita income will rise to US $6,000 by 2016. The visiting Central Bank Governor was making a presentation on ‘Sri Lanka’s Emerging Business Opportunities’ at a seminar organized by the Sri Lankan Business Council of Qatar. Mr. Cabral highlighted the ...
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
Scanning through the papers recently after the Central Bank of Sri Lanka published its 2011 external sector performance report, I was reminded of a pithy observation made by William W. Watt: “Do not put your faith in what statistics say until you have carefully considered what they do not say.” Some of the data were ...
- HSBC boosts RMB trade settlement service to 59 markets (Category: Business)
- HSBC tips Sri Lanka’s external trade to grow exponentially (Category: Business)
- HSBC clinches award for best Sri Lanka deal (Category: Business)
- All set for new chapter in exports as Expo 2012 opens today at Bmich (Category: Business)
’s economy. One of Sri Lanka’s award-winning marketers and former ...
- CA Sri Lanka takes lead in educating students on IFRS (Category: Business)
- Ocean University launches vessel for whale watching (Category: Business)
- UK, Lanka partnership to boost business education (Category: Business)
- University of Peradeniya emerges victorious at software competition (Category: Business)
By Cheranka Mendis Gathered to discuss the implications, opportunities and challenges of the sudden announcement and introduction of the Government’s new policies, the export community was advised by a panel of experts to watch ahead, be prepared and make their own judgments from the information provided. With the country facing no immediate risks of getting ...
- Quotable Quotes! (Category: Business)
- More Price Increases In The Offing Economist Warns (Category: Breaking News)
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
Avoiding a crisis The Pathfinder Foundation (PF) commends the Treasury and Central Bank for the policy measures introduced recently. This has prevented an external payments crisis. Without remedial action, the country would not have been able to meet its debt obligations and/or finance essential imports within a short period of time. The increases in the ...
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Do not do too little too slowly to boost growth (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
PORTLOUIS(Reuters) :Tourism revenues in Mauritius rose by 10 percent in 2011, helped by higher visitor numbers, official data showed on Tuesday. The Bank of Mauritius said revenues in what is a key industry for the Indian Ocean island reached 43.40 billion rupees ($1.48 billion) from 39.45 billion in 2010. Tourist arrivals in Mauritius rose by ...
- Mauritius tourism earnings up 15.6% in Q1 (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)
BANGKOK (Reuters): Thailand’s economy, which shrank a record 10.7 per cent in the fourth quarter due to devastating flooding, is expected to bounce back sharply this year as the government and major exporters step up reconstruction spending after the disaster. While some economists
- Growth is better than expected – CB (Category: Business)
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
- Sri Lanka records an 8.6 % growth (Category: Breaking News)
Aitken Spence Hotel Holdings PLC., was adjudged the winner in the Medium Scale Category for the second consecutive year at the ACCA Sustainability Reporting Awards and once again joins the ranks of being one of the most transparent companies in the region. The awards evaluate companies’ sustainability reporting under the categories of completeness in ...
- ACCA Sustainability Reporting Awards today (Category: Business)
- Rewarding transparency - ACCA Sustainability Reporting Awards on 14 February (Category: Business)
- Top corporate entities felicitated at ACCA Sustainability Reporting Awards (Category: Business)
- Lucia Real Martin at the awards ceremony (Category: Business)
The Central Bank yesterday explained some of the events that led to the erosion of reserves that led to the depreciation of the rupee and assured that pressure on the exchange rate would ease, apart from projecting a balance of payments surplus this year. Noting that the current developments in forex market were ‘temporary,’ the ...
- Forex Trade (Category: Business)
- Economic Freedoms (Category: Business)
- Peg Balance (Category: Business)
- Sri Lankan forex market led down by speculation – Ex-Central Banker (Category: Breaking News)
“We have the responsibility to ensure that together with the freedom we have won, we can also have economic independence that will enable our people to live a good life. Let us act to drown out poverty, inability and conspiracies against the people in an abundance of prosperity. That is our singular expectation,” said President ...
- Crowds throng for Deyata Kirula (Category: Breaking News)
- DEVELOPMENT PROJECTS IN ANURADHAPURA WILL BE CONTINUOUSLY MONITORED (Category: Breaking News)
- Deyata Kirula-2013 (Category: Breaking News)
- Deyata Kirula ends (Category: Breaking News)
Emirates, one of the world’s fastest growing airlines, has extended its reach into Africa with the launch of a new linked service to Lusaka and Harare. Now flying to 22 points within Africa, Emirates will connect Zambia and Zimbabwe to key markets across Europe, the Far East, Australasia and the Indian Subcontinent. The Dubai-Lusaka-Harare service ...
- Emirates to launch flights to Zambia and Zimbabwe (Category: Business)
- Emirates launches flights to the Americas (Category: Business)
- Emirates boosts Rome services with third daily flight (Category: Business)
- Emirates wins Gold “Airline of the Year” at ATN Awards (Category: Business)
NDB Investment Bank (NDBIB), the premier investment bank in Sri Lanka, concluded its most successful year to date, raising approximately Rs. 38 billion funds and retaining its unrivalled position as the market leader in investment banking. NDB Group Investment Banking Cluster CEO Vajira Kulatilaka commenting on this feat said: “We are proud to have retained ...
- NDB Investment Bank makes history at Euromoney Awards for Excellence 2012 (Category: Business)
- NDB reports strong financial results in 1Q (Category: Business)
- NDB’s PAT Up 115% (Category: Breaking News)
- Serendib Flour Mills raises Rs. 3.6 b to enhance business (Category: Business)
External trade in November turned exponential to reach a record figure of almost $ 3 billion with imports shooting up to a near $ 2 billion as exports showed signs of losing steam though higher in comparison to a year earlier. The rapid rise in imports, up 78% to $ 1.98 billion, highest ever, and ...
- Ballooning trade deficit beats 2010 (Category: Business)
- Trade deficit tops $ 5 b mark by July (Category: Business)
- Sri Lanka’s trade deficit rises 137.4% year-on-year: CB (Category: Business)
- 2012 starts with near $ 1 b trade deficit (Category: Business)
of a marine-based economy some five months before world governments meet to discuss pathways to more ...
- G20 Web economy seen at $4.2 trillion by 2016 – BCG (Category: Business)
- Evergreen Marine to step up CKYH alliance cooperation (Category: Business)
- Forests 'vital for green growth' (Category: Technology)
- Rio+20 and the developing world (Category: Business)
Facing the short-term economic challengesThe macroeconomic imbalances Sri Lanka has achieved a growth rate of 8.3% last year and inflation fell to 4.9% year-on-year in December 2011. These are noteworthy achievements at a time when the global economic landscape has been hostile with a slowdown in the US and a crisis in Europe; key markets ...
- CCC says no room for complacency (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Enhancing confidence in the Sri Lankan economy (Category: Business)
Developing countries should prepare for further downside risks, as Euro Area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, the World Bank said yesterday in the newly-released Global Economic Prospects (GEP) 2012. The bank has lowered its growth forecast for 2012 to 5.4 per cent for developing countries ...
- WB urges developing countries to strengthen domestic fundamentals (Category: Business)
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
By Dinali Goonewardene The Institute of Chartered Accountants (CA Sri Lanka) ceremonially inducted its 21st President, Sujeewa Rajapakse, at a ceremony at the Cinnamon Grand hotel yesterday. Rajapakse, who is the Managing Partner at BDO Partners, the fifth largest audit firm globally, took over for a two-year term from outgoing President Sujeewa Mudalige. Newly-inducted President ...
- Induction of Sujeewa Rajapakse as 21st ICASL Chief today (Category: Business)
- Five new directors appointed to Asian Alliance Insurance Board (Category: Business)
- Harry’s daughter, Rusi Captain among new faces on HNB Board (Category: Business)
- Inaugural General Assembly of Young Chartered Accountants Forum held (Category: Business)
The Central Bank appeared to be unmoved by scepticism over its upbeat outlook for 2012, which was reiterated yesterday following the January monetary policy review leaving policy rates unchanged. UNP MP and Consultant Economist Dr. Harsha de Silva as well as Standard Chartered Bank have separately questioned some of the upbeat 2012 forecasts. However, ...
- CB says considerable improvement in forex inflows in March (Category: Business)
- Policy Stance (Category: Business)
- CB says policy changes working (Category: Business)
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
Sri Lanka’s Central Bank has kept its key policy rates unchanged for the Month of January taking into consideration the latest developments in the economy, which the country says is expected to get a boost owing to the significant structural economic changes
- Sri Lanka lowers economic growth target for 2012 (Category: Breaking News)
- Sri Lanka keeps its key policy rates unchanged (Category: Breaking News)
- Sri Lanka keeps its key policy rates unchanged (Category: Breaking News)
- Sri Lanka keeps its key policy rates unchanged, inflation expected to moderate (Category: Breaking News)
“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 Standard Chartered Bank (SCB) has opined the Central Bank’s forecast of $ 25 billion foreign inflow as “optimistic” given external headwinds whilst cautioning that pressure was mounting on the rupee given the rising import demand. This view along with weaker GDP forecast is contained in SCB's latest country update titled 'A challenging year ahead' ...
- Economic growth to rebound in 2013: SCB (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Standard Chartered revises Sri Lanka credit outlook to stable from positive (Category: Business)
start presenting objective analyses of the economy if its credibility is to be maintained. Issuing a ...
- Khuram Shaikh murder suspects remanded further (Category: Breaking News)
- Ranil prevented from making speech to House (Category: Breaking News)
- Meeting tomorrow to decide on elections (Category: Breaking News)
- Namal appears in his first case (Category: Breaking News)
Highly confident Central Bank outlines ambitious forecasts for 2012 and beyond 2011 GDP growth at record 8.3%; 2012 outlook revised to 8% from 9% previously Eyes over $ 25 b inflows in 2011 Low interest rates helped to reduce Govt. expenditure by Rs. 15.5 b CB profit transfers to Government over Rs. 46 b between ...
- Govt. keen to support private sector: Cabraal (Category: Business)
- Financing of 2011 Budget goes haywire (Category: Business)
- Harsha says CB has moral responsibility to be more transparent (Category: Business)
UNP MP Harsha de Silva yesterday alleged Central Bank Governor Nivard Cabraal’s 2012 and beyond road map was “nauseatingly one-sided propaganda” whilst it failed to address the balance of payments issue. Here is the full statement of Dr. de Silva. Without taking away from the hard work of the private sector for having driven this ...
- Lankan team for U19 World Cup (Category: Business)
- Lankan high commissioner criticizes Canada over inquiry calls (Category: Breaking News)
- JVP holds public rally to create awareness among its membership (Category: Business)
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