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The prestigious world construction Symposium of the International Council for Research and Innovation in Building and Construction (CIB) will have Sri Lanka as its next venue for the 2012 deliberations. The world Construction Symposium 2012 will be held in Colombo from 28th June to 01st July 2012 at the cinnamon Grand Hotel. This year’s symposium ...
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
Top economist and public servant R.A. Jayatissa has recently assumed duties as the Chairman of Sri Lanka Insurance Corporation. Previously the SLIC Chairmanship was held by President’s Chief of Staff Gamini Senerath. Jayatissa, an economist, was the Deputy Secretary to the Treasury and Senior Economic Policy Advisor to the Ministry of Finance and Planning. He ...
Augustana College in Illinois USA recently welcomed Priyanthi and Padmasena Dissanayake of Scholarships for USA (Pvt) Ltd (www.scholarshipsforusa.com) of Sri Lanka to its campus in Rock Island – about a three hour drive from Chicago – third largest city in US. Dissanayakes, well known in the island nation and among many international recruiters in US ...
The Hindu: When Prime Minister Manmohan Singh meets Sri Lankan President Mahinda Rajapaksa on the sidelines of the G-20 summit in Los Cabos, it will be their first meeting after India voted against Sri Lanka at the United Nations Human Rights Council session in Geneva earlier this year. Dr. Singh’s hectic schedule, and the fact ...
Sri Lanka has experienced the greatest improvement in its overall peacefulness following the end of a 30 year long civil war. This is mentioned in the 2012 Global Peace Index released yesterday Sri Lanka has scored the largest in Global Peace Index displaying a year-on-year improvement in allover peacefulness. The 2012 Global Peace Index said ...
Sri Lanka joined Philippines, Zimbabwe, Bhutan and Guyana in the list of top five (5) countries that registered "improvements in peacefulness" in the 2012 Global Peace Index. Sri Lanka has been ranked 103 overall and 17th in the Asia Pacific region, ahead of India (142), Pakistan (149) and Thailand (129), according to the 2012 Global Peace Index released yesterday. From 2011 to 2012 Sri Lanka ...
The Institute of Policy Studies of Sri Lanka (IPS ) and the South Asia Watch on Trade, Economics and Environment (SAWTEE) ) have organised a South Asia regional seminar entitled, ‘Emerging Issues on Trade, Climate Change and Food Security: Way Forward for South Asia,’ from 31 May to 1
The Japanese government is to fund the studies of young Sri Lankan public sector officials enabling them to pursue a two-year Masters Degree, the Japanese embassy in Colombo said today. Japan is to provide Rs. 340 million for this purpose. The Government of Japan introduced a Human Resources Development Scholarship to Sri Lanka in 2010 for young public sector officials to pursue a two-year Mast...
Sri Lanka’s largest mobile services provider Dialog Axiata PLC has introduced eTeacher, a web based education portal which allows subscribers to follow tuition classes conducted by popular lecturers via the web from any place at anytime, without the hassle of travelling during peak traffic times. The eTeacher web based education portal can be accessed by ...
Phoenix Industries Ltd., on Wednesday announced its appointment as the sole licensee in Sri Lanka to manufacture the world renowned FlowGuard portable water distribution systems of Lubrizol of USA, the global leader of CPVC [Chlorinated Poly-Vinyl Chloride] pipe and fittings, invented way back in 1959 (Formerly known as B F Goodrich). In Sri Lanka for ...
By an Analyst There is no doubt and there is near unanimity that overregulation by the previous Securities and Exchange Commission arising from inexperience, lack of knowledge and lack of correct strategies was the prime cause for the market collapse witnessed today. The SEC without any foresight and professionalism has introduced ad hoc legislation detrimental ...
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in its continuing endeavour to keep the country’s corporate leaders and ambitious professionals abreast of evolving global changes, has once again partnered with one of the world’s leading graduate business schools to bring to Sri Lanka the renowned Global Strategic Management Program. The four-day ...
An internship with MAS Holdings, Deutsche Bank and DialogCorporate heavyweights MAS Holdings, Deutsche Bank and Dialog Axiata PLC are in search of the next batch of exceptional interns to join their annual Summer Internship Program, commencing July 2012. This joint initiative is rated one of the best internship programs in the island and has been ...
The Ceylon National Chamber of Industries (CNCI), the pioneering Industry Chamber in Sri Lanka has organised an interesting and stimulating seminar presentation on marketing and gaining access to western markets, EU and USA and the facilities and benefits available to Sri Lankan industry and manufacturing sectors. The seminar presentation is expected to take place on ...
By Saman Kelegama New deal from Busan? The 4th High Level Forum (HLF) on Aid Effectiveness in Busan which took place during 29 November to 1 December 2011 came out with a New Deal for Engagement of Fragile States – a somewhat novel document of aid architecture that provides fragile states a stronger role in ...
Citrus Leisure PLC recently announced the appointment of Chandana Talwatte as Director/CEO and Vasula Premawardhana as Director of the Citrus Group. Talwatte is a well-respected corporate leader with a proven track record of driving businesses forward under challenging conditions. He served most recently as Director – Sales and Marketing of Cinnamon Lakeside, Colombo. He has ...
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
The need for an integrated program on a war footingIn 2008, eight prizewinning economists were asked to list the type of projects which would do the most good for the most number of poor people, if they had an imaginary $ 75 million to spend. Half of their proposed projects involved nutrition. There has been ...
HelpAge International received the Hilton Humanitarian Prize at the Global Philanthropy Forum in Washington, D.C. on Monday, 16 April. HelpAge International is the only global organisation with a singular focus on providing assistance to and advocating for disadvantaged older people. It helps older people claim their rights, challenge discrimination and overcome poverty, so that they can ...
A bubble in economics refers to a period in which a product or asset is traded in high volumes at prices that are at significant variance with its intrinsic value. History is replete with examples including the Dutch Tulip Mania from 1634 to 1637, the French Mississippi Bubble in 1719-20
By Dr. Arujuna Sivananthan A bubble in economics refers to a period in which a product or asset is traded in high volumes at prices that are at significant variance with its intrinsic value. History is replete with examples including the Dutch Tulip Mania from 1634 to 1637, the French Mississippi
UNP MP Dr. Harsha de Silva backs Daily FT columnist on per capita income data, claimsfigures too inflated and Govt. trying to mislead people and global stakeholders; CB getting more politicised By Uditha Jayasinghe Firing another salvo at the Central Bank, UNP MP and economist Dr. Harsha De Silva yesterday alleged “creative accounting” in calculating ...
The Institute of Policy Studies of Sri Lanka (IPS) and the Department of Economics and Statistics of the University of Peradeniya launched two Volumes on “Economic and Social Development under a Market Economy Regime” edited by Dr. Saman Kelegama, Executive Director of the IPS and Dr
Professor Buddhadasa Hewavitharana felicitated The legendary Economics Guru of Peradeniya vintage for more than four decades, Emeritus Professor of Economics Buddhadasa Hewavitharana, was felicitated last week by the country’s top policy think-tank, Institute of Policy Studies or IPS
In the time tested form of the parliamentary system of governance there is the concept of Cabinet Responsibility (Ministerial Responsibility) where ministers are said to be ‘collectively responsible’ for government policy. In Sri Lanka’s fast evolving constitutional form of government – particularly under President Mahinda Rajapaksa – the cabinet itself has become a tremendous joke .....
Relevance to microfinance and total financial inclusion Section 10 (2) of the Finance Business Act No. 42 of 2011, provides that: no other person other than a finance company and an institution specified under s. 10 (6), shall use the words ‘finance,’ ‘financing,’ or ‘financial’ as a part of its name or description, except with ...
Ahead of Friday's AGM, Pan Asia Bank Plc (PABC Bank) Board of Directors yesterday appointed Nimal Perera as the Chairman and Eshana de Silva as the Deputy. Nimal was previously the Deputy Chairman and was elevated as the incumbent senior banker A.G. Weerasinghe is up for retirement. The new appointments are effective from 2 April. ...
Veteran banker Eastman Narangoda today stepped down as Chairman of Seylan Bank after a record-making three year tenure at its helm. Making the announcement at the Bank’s AGM yesterday Narangoda cited “personal reasons” for his decision. Appointed as Chairman of Seylan Bank PLC on 30 December 2008, Eastman Narangoda was a key figure who instrumented ...
Lankan born Gishan Dissanaike, the Adam Smith Professor of Corporate Governance, University of Cambridge will share key insights to the good, bad and the ugly of insider trading at seminar on Monday jointly organized by the Institute of Chartered Corporate Secretaries and Securities and Exchange Commission (SEC) in partnership with the Daily FT. Dissanaike will ...