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By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
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,’ commenced last evening at the Cinnamon Grand. In the context of ...
- 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)
“…the licence of an unrestrained clique is almost always enjoyed at the expense of genuine liberty of others”. AC Grayling (Toward the Light of Liberty) By Tisaranee Gunasekara Will the corrosive Rajapaksa ethos prove to be a far more abiding yoke than even Rajapaksa rule? Will Rajapaksa politico-administrative mores become transformed into governance-traditions, and thereby ...
- Sri Lanka President urges public to remain calm and to stop violence (Category: Breaking News)
- Rajapaksa double-speak holds Sri Lanka captive to its history (Category: Business)
- Sri Lanka Freedom Party commemorates 61st Anniversary (Category: Breaking News)
- Rajapaksa govt should be faulted for callous response towards floods devastation (Category: Breaking News)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
ww.wsws.org: On May 20, the Socialist Equality Party and International Student for Social Equality (ISSE) held a successful congress of plantation workers at Hatton, in Sri Lanka’s central hill region. A number of workers, including several dozen from the Nuwara Eliya and Badulla tea plantation districts, as well as youth and students from Jaffna, Kandy ...
- “Imperialists shed crocodile tears over HR violations” – Basil (Category: Business)
- Plantation sector gets global recognition for best practices in HRD (Category: Business)
- Plantation industry needs long-term Master Plan: Malik Fernando (Category: Business)
( April 29, 2012, Colombo, Sri Lanka Guardian) Sri Lanka has once again, like many times in recent years, sought the assistance of China to help avert a balance of payments crisis and also fund two key projects, official and political sources said. In a visit just before the Sinhala and Hindu
- IOC eyeing oil refining in Sri Lanka (Category: Breaking News)
- Does Sri Lanka need India to run Sri Lanka? (Category: Breaking News)
- China to provide US$ 600 million to finance the phase II of the Hambantota port (Category: Breaking News)
- IOC considering setting up a US$ 3.5 billion worth oil refinery in Sri Lanka (Category: Breaking News)
Sri Lanka has once again, like many times in recent years, sought the assistance of China to help avert a balance of payments crisis and also fund two key projects, official and political sources said. In a visit just before the Sinhala and Hindu New Year, that was kept under wraps, a team
- Persian Prop (Category: Business)
- Refining Revision (Category: Business)
- China set to build new Sri Lanka refinery, says Minister (Category: Breaking News)
- Oil Plan (Category: Business)
A report from a UN mine removal expert says unexploded cluster munitions have been found in northern Sri Lanka, appearing to confirm, for the first time, that the weapons were used in that country’s long civil war. The revelation is likely to increase calls for an international investigation into possible war crimes stemming from the bloody ...
- Cluster bomb use in Sri Lanka could trigger war crimes probe (Category: Breaking News)
- Military denies using cluster bombs as alleged in UN report (Category: Business)
- UN finds cluster bombs in Sri Lanka (Category: Breaking News)
- Sri Lanka cluster bombs 'found' (Category: Breaking News)
Elsewhere on these pages an article has been published questioning the viability of Sri Lanka’s over 100 year old tea industry, which is also the island’s third largest foreign exchange (forex) earner, ipso facto from income derived from the export of tea. A question mark hangs over Its future based on rising costs, made worse ...
- Tackling tea travails (Category: Business)
- Local tea industry in a fix (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
- Tea Makes $ 1.4 Bn (Category: Breaking News)
UAE businessmen are rushing to Sri Lanka as the country opens up its doors for competitive trade. More than 50 business personnel from Dubai and other emirates are camping in Sri Lankan to explore business opportunities. President Mahinda Rajapaksa inaugurated Expo 2012, where over 370 exporters are showcasing a wide array of goods and services. ...
By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
- Tackling tea travails (Category: Business)
- Planters’ Association Chief says turbulent times for tea (Category: Business)
- Sector report (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
Let’s learn the right lessons from the Geneva outcome, not the wrong ones. It is not the case that a small country such as Sri Lanka cannot fight a diplomatic battle with the mighty USA and win. Minutes after the Sri Lanka vote at the HRC this time, the Cubans moved a resolution on the composition ...
- Krishna to make special statement on Sri Lanka (Category: Breaking News)
- Cuba out voted at UN Human Rights Council over Sri Lanka (Category: Breaking News)
- India concerned over resolutions at UNHRC (Category: Breaking News)
- Sri Lankan Tamils & Palestinians: International Justice In The Dark? (Category: Breaking News)
By Amantha Perera IPS: As the UN Human Rights Council (UNHRC) voted in, Thursday, a resolution asking Colombo to act on recommendations made by its own Lessons Learnt and Reconciliation Commission (LLRC), Buddhist prayers reverberated through the Sri Lankan capital. “It is a resolution that encourages Sri Lanka to implement the recommendations of its own ...
- US to support UN resolution against Sri Lanka (Category: Business)
- US prepares for bitter showdown with Sri Lanka over war crimes (Category: Breaking News)
- Avoid another resolution, urge Elders (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
Can clothes, fashion accessories and makeup make a country look democratic?Dictators have begun to dress up their autocratic regimes in the manner of democracies with all the mod cons that help to pass off a system of government, which is for all purposes a dictatorship, as a five-star democracy. This in the manner that a ...
- Sri Lankan elections: A new dimension (Category: Business)
- Trust deficit and consequences (Category: Breaking News)
- Exercising civic responsibilities (Category: Business)
- Inept’ocracy (Category: Business)
Thousands of women in the apparel industry deserve respect for being partners in Sri Lanka’s highest foreign exchange earning sector By Uditha Jayasinghe Sri Lanka’s apparel industry clothes the world and earns the largest amount of foreign exchange but is struggling to retain its workforce as an estimated 30,000 vacancies remain open in hundreds of ...
- Apparel Exporters blame Govt. for lack of support (Category: Business)
- Wall Street Journal spotlight on Brandix’s global push via regional foray (Category: Business)
- Growth maintained in apparel exports (Category: Breaking News)
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
- Entrepreneur and the profit motive (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
- Governance - Four examples; two bad and two good (Category: Business)
Thousands of jobs at risk By Indika Sri Aravinda The tea industry, the country’s second largest net foreign exchange earner is facing a potential crisis as a result of the economic sanctions imposed on Iran by the US government, the Sri Lanka Tea Board said. Tea Board Chairperson Janaki Kuruppu
- No change in Sri Lanka's tea exports to Iran (Category: Breaking News)
- No change in Sri Lanka's tea exports to Iran despite US exemption (Category: Breaking News)
- Crisis in the Middle East jolts tea industry – Minister (Category: Business)
- Feb. tea output slips marginally (Category: Business)
Harsh rhetoric and emotional outbursts before the commencement of the19th Session of the United Nations Human Rights Council next week in Geneva have obfuscated the objectives of the resolution to be moved against Sri Lanka at the sessions. The issue on alleged war crimes committed by Sri Lankan servicemen has polarised into a debate of ...
- Activists urge India to vote against Sri Lanka (Category: Breaking News)
- Lanka resolution: Uproar in parliament, India undecided (Category: Breaking News)
- DMK supports US resolution against Sri Lanka (Category: Breaking News)
- PM: LTTE Sympathizers Trying To Make War Crimes Charges Again (Category: Breaking News)
Doesn’t anyone read public opinion polls anymore? Don’t they make news anymore? I’m not referring to opinion polls run or commissioned by the government – any government—or its affiliates, but opinion polls in reputed non-state publications, especially those on vital topics. Surely no topic could be more topical than the international moves being made on ...
- TNA, PSC and the danger of wrong turnings (Category: Breaking News)
- Premadasa Exceptionalism and challenges it currently faces… (Category: Breaking News)
- why is Sri Lanka opposing US-sponsored resolution to implement its own LLRC recommendations? (Category: Breaking News)
- Whither Sri Lanka after four decades of being a Republic? (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)
Colombo International Tea Convention discusses trade and marketing of the beverage By Cheranka Mendis Nestled in the dynamic Asian region with a hot beverage to its name, Sri Lanka could benefit well from becoming a ‘tea hub’ in the future, Commonwealth Secretariat Economic Affairs Division Former Director Indrajit Coomaraswamy said. Addressing the Colombo International Tea ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Tea tales (Category: Business)
- Ceylon Tea: To blend or not to blend? (Category: Business)
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session held in May 2010 in New Delhi, Sri ...
- UN meeting on tea opens in Colombo (Category: Business)
- Cheers for FAO/IGG (Category: Business)
- Sri Lanka kicks off 20th session of FAO/IGG (Category: Business)
- Plantation Problem (Category: Business)
Sri Lanka businesses and their leaders are optimistic of prospects for 2012 whilst they are also confident the country will progress in the New Year according to key findings of a CEOs survey done by MTI Market Research. “Despite concerns about the global economic outlook, Sri Lankan businesses seem confident that the local economy and ...
- Time for Sri Lankan businesses to tighten their belts says MTI CEO (Category: Business)
- Sri Lanka Economic Summit to bring the economy in perspective (Category: Breaking News)
- Global Commerce Excellence awards next week (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
The Top 100 Nation Brands have been ranked by Brand Finance plc with the USA, Germany and China topping the report Eurozone crisis affects the Nation Brand vales of Greece, Ireland and Japan who are ranked as the Top 3 biggest Losers Further chaos in Europe has seen the brand values of Spain
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
- The ‘real’ problem with brand Sri Lanka (Category: Business)
- Will the deal hurt brand NSB? (Category: Business)
Below is an interview with Ambassador Dayan Jayatilleke published in the French Diplomatic Review – La Lettre Diplomatique (The Diplomatic Letter) Two years after the end of a three decades conflict, the lifting of the emergency rule in late August 2011 confirmed the beginning of a new era for Sri Lanka. With the recent discovery of ...
- France assures assistance to restructure Sri Lanka’s debt (Category: Breaking News)
- French President Emmanuel Macron pledges strong support for debt restructuring in Sri Lanka (Category: Breaking News)
- France continues support for Sri Lanka’s renewable energy plans (Category: Breaking News)
When we reflected on the year that is ending, our thoughts went back to a person whom we like the least but had said an absolute truth about a pathetic failing of Sri Lankans: ‘You fellows just cannot remember a thing beyond two weeks’. We won’t spoil the festive season by recalling his name but ...
- No ban from Saudi Arabia on recruitment from Sri Lanka (Category: Breaking News)
- Court issues another travel ban on former Governor of the Central Bank of Sri Lanka (Category: Breaking News)
- Timber Harvest (Category: Business)
- Sri Lanka invites EU for mega development projects (Category: Breaking News)
We are still stuck in the winter of our discontent! By Jude Fernando Groundviews.org: “Nearly all children nowadays were horrible. What was worst of all was that by means of such organisations as the Spies they were systematically turned into ungovernable little savages, and yet this produced in them no tendency whatever to rebel against ...
- Exercising civic responsibilities (Category: Business)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- Making Sri Lanka a ‘democratic hub’ for ‘Wonder of Asia’ (Category: Business)
Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...
- Fitch affirms Hatton National Bank at ‘AA-’ (Category: Business)
- HNB rating affirmed by Fitch (Category: Breaking News)
- Global credit growth to slow further says Fitch (Category: Business)
- Sri Lanka’s Sinhaputhra Finance PLC’s rating revised (Category: Breaking News)
The Group of 20 heads of state met in France in early November launching an annual group meeting of the heads of State. The G20 is made up of Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and the US. ...
- G20 countries fail to lead in trade openness, ICC Index indicates (Category: Business)
- World powers eye emergency food meeting; action doubted (Category: Business)
- Asia Pacific trade and investment (Category: Business)
By Uditha Jayasinghe Brewed by external demand reductions and local policies, Sri Lanka’s value-added tea exports are declining while bulk shipments are increasing, resulting in a possible drop in earnings, industry experts warned yesterday. Terming the reduction in value-added tea as a “disturbing trend,” Asia Siyaka Commodities said in a review report that Sri Lanka’...
- Syria shock for tea (Category: Business)
- Tea Trials (Category: Business)
- VALUE ADDED TEA EXPORTS ON THE RISE (Category: Breaking News)
- Negative start for tea exports in 2012 (Category: Business)
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