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By Maheshi Perera Rubber tapping is a profession that requires deep skills and right tools, which is exactly what the rubber industry in Sri Lanka lacks today. The numbers of skilled tree tappers are declining and more and more people are deviating from the industry. This is having a huge negative impact on the rubber ...
- An improved knife for tapping latex introduced (Category: Breaking News)
- Sri Lanka Rubber Research Institute introduces an improved knife for tapping latex (Category: Breaking News)
- Sri Lanka moves to upgrade rubber infrastructure to play 2022’s $ 4 b target (Category: Business)
- Thailand seeks global cooperation on rubber prices (Category: Business)
Lanka Exhibition and Conference Services (LECS) won the Tourism Award for the Best Professional Exhibition Organiser, for the fourth consecutive year at Tourism Awards 2011. LECS was the winner of the prestigious awards for the past three consecutive years resulting in the company being inducted into the Hall of Fame. The organisation, which has a ...
- Tourism awards for Hobart (Category: Australia, Tasmania )
- Boost for North via Jaffna International Trade Fair 2012 from 20 to 22 Jan (Category: Business)
- SriLankan lauded for role in Tourism Promotion (Category: Breaking News)
- 11th IIFA awards to be held in Sri Lanka (Category: Breaking News)
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
- Village as a developmental unit (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- China’s tight job market defies economic downturn (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Indo-Lanka relations Indo-Lanka relations have been cordial ever since the two countries gained independence. The most notable act of magnanimity on the part of India was to cede the Island of Katchchathivu to Sri Lanka through an agreement between the two countries. Relations have intermittently been strained due to domestic ethnic issue having had a ...
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Enhancing shipping traffic to Sri Lanka (Category: Business)
- Export or stagnate (Category: Business)
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
- Why Lion leads frontier (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
The keynote address delivered by Dr. Kalpana Kochar, the World Bank’s Chief Economist for South Asia, at the recently-concluded CCC Economic Summit, highlighted three fundamental flaws in Sri Lanka’s growth model. It will not be possible to achieve sustained growth of 8% without addressing these effectively. The Pathfinder Foundation, and others, has emphasised the need ...
- IMF approves disbursement of the delayed loan to Sri Lanka (Category: Breaking News)
- Lanka’s exports to Singapore clock highest growth in 1H (Category: Business)
- FDI from India to touch $1 b in two years, says EDB Chief (Category: Business)
- New monetary policy, IMF comments today (Category: Business)
The Sri Lanka Economic Association or SLEA, the long-standing professional body of economists of Sri Lanka, has published some selected papers presented at its Annual Sessions in October 2011 in a volume titled ‘Achieving Economic Goals in the Midst of Global Challenges,’ the theme of the sessions. The volume, edited by two veteran economists – ...
- SLEA to release book on ‘Achieving Economic Goals in the midst of Global challenges’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Challenging year for Asia Pacific: UNESCAP report (Category: Business)
Strategic investments from high-growth economies such as India and China are propelling Sri Lanka into an important emerging Indian Ocean economy, opined Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath B. Wickrama.
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
President of the UNCSD, Secretary General of the UN, excellencies, ladies and gentlemen, it is indeed a great pleasure for me to be here in Rio de Janeiro and to share my thoughts at this momentous event. The presence of so many Heads of State and Governments, Senior Ministers, Officials and thousands of members of ...
- Rio+20 and the developing world (Category: Business)
- President faults developed nations for environmental crisis (Category: Breaking News)
- Saving environment: not task of developing countries alone: President at Rio+20 (Category: Breaking News)
- World leaders gather at RIO for Sustainable Summit (Category: Breaking News)
Standard and Poor’s yesterday fired a fresh warning on Sri Lankan banking system, relegating it to a risk prone grouping that includes Nigeria. Standard & Poor’s Ratings Services said it has assigned Sri Lanka to its Banking Industry Country Risk Assessment (BICRA) group ‘8’. At the same time, it assigned an economic risk score of ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P’s soother! (Category: Business)
The main Opposition UNP yesterday charged that people are suffering due to the inequitable economic policies of the Government. The UNP said that the Central Bank has stated in its latest monetary policy review that “The policy measures adopted by the Central Bank and the Government during the period February to April 2012 to curtail ...
- What happened to the Cabraal roadmap? (Category: Business)
- The blame game and accountability (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
- Economic policy governance: Listen to sane voices before it heads for disaster (Category: Business)
The economy of Sri Lanka registered a growth rate of 8.3 % in 2011 compared to similar growth rate of eight per cent achieved in 2010 reflecting that country has attained a high growth momentum.
- Job Growth (Category: Business)
- Steel Demand (Category: Business)
- Export Outlook (Category: Business)
- Economic growth 5% with double-digit inflation, warns think tank (Category: Breaking News)
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
- SEC To Work Towards Strengthening Investor Protection (Category: Business)
- Regulatory framework in place for Exchange Traded Funds (Category: Business)
- Top Govt. politico among investors summoned by SEC via ‘fiery’ notice (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
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)
Sri Lanka’s tea industry generates around 1.5 billion dollars to Sri Lanka and provides almost a million jobs to the economy today. In fact Sri Lanka is considered a model to the world across the value chain, from growing to production and from physical distribution to the most admired auction system in the world. From ...
- Tackling tea travails (Category: Business)
- Has the bubble burst? (Category: Business)
- Sector report (Category: Business)
- London: World’s first social media Olympics (Category: Business)
By Dr. Laksiri Fernando Asian Tribune: I am here not talking about Karen Connelly’s popular love story by the name of ‘Burmese Lessons,’ but rather Aung San Suu Kyi’s entry into Parliament as the Leader of the Opposition in Myanmar (or Burma) with 42 other members who were elected early April in a by-election from ...
- ‘Burmese Lessons’ for Sri Lanka (Category: Breaking News)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
- It breaks my heart to see the Indian Prime Minister pose cordially with the butchers of Burma (Category: Breaking News)
- New Myanmar Democracy: Generals In Plain Clothes (Category: Breaking News)
Good morning ladies and gentlemen, I am privileged to have been given this opportunity to be with you this morning. My task before you is to brief potential investors of my personal experience of doing business in Sri Lanka and about the prevailing circumstances there. Therefore, I am not going to focus on the economy ...
- SLSBC trade and investment promotion mission to Singapore a success (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Boosting business with Bangladesh (Category: Business)
Positioning Sri Lanka in the Global Economy The Sri Lanka Economic Summit 2012, the flagship event of the Ceylon Chamber of Commerce (CCC), will be held from 10 to 12 July 2012 at the Cinnamon Grand, Colombo under the theme ‘Positioning Sri Lanka in the Global Economy’. This forum
- Young guns to share insights to positioning Sri Lanka in global economy (Category: Business)
- Sri Lanka Economic Summit begins today in Colombo (Category: Breaking News)
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Carson Cumberbatch platinum sponsor of Sri Lanka Economic Summit 2012 (Category: Business)
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 and the Department of Economics and Statistics of the University of Peradeniya by releasing simultaneously tw...
- Two books on Sri Lankan economy launched (Category: Business)
- State of SL economy according to IPS: Grow but make it inclusive (Category: Business)
Says Central Bank ‘miserably politicised’; wants change at the top; warns of public, worker agitation UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday said the Government has to blame itself and take responsibility for the current economic crisis in the country. In a statement, Dr. de Silva said: “The ...
- Increase, to meet IMF conditions; UNP (Category: Breaking News)
- Central Bank report was not independent: Dr. Harsha de Silva (Category: Breaking News)
- Market will beat the Central Bank no matter how powerful the governor is: Harsha . (Category: Breaking News)
- UNP wants CB, EPF officials summoned before Parliament (Category: Breaking News)
What does independence mean to Sri Lanka? After 64 years, one would think that the value of freedom would have waned, but that is not the case. Yet the direction of this independence and what it means to people is undergoing a change and therein lies the challenge for the decades ahead. It is true ...
- Winners of the School essay competition conducted by Department of Information (Category: Breaking News)
- Hit Wicket (Category: Business)
- Judicial Jugglery (Category: Business)
- Each step taken for development a step towards freedom - President (Category: Breaking News)
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)
Foreign Direct Investment (FDI) generally refers to long-term participation by one country in another country. It usually involves participation in a JV, capital transfer, transfer of technology and expertise. There are two types of FDI: inward foreign direct investment and outward foreign direct investment, resulting in a net FDI inflow (positive or negative) and stock ...
- FDI Flows (Category: Business)
- Sri Lankan government dismisses main opposition's allegations on FDIs (Category: Breaking News)
- India formally allows foreign investment from Pakistan (Category: Breaking News)
- BOI’s Warning To IMF (Category: Breaking News)
Multilateral donor emphasises devaluation should help exports, reserves Opines 2012 Budget consistent with earlier plans Withholds eighth tranche of $ 2.6 b loan; mission in Jan The International Monetary Fund said on Wednesday that Sri Lanka’s devaluation of its currency was a “step in the right direction” that should favour export competitiveness and preserve foreign ...
- Devaluation divide (Category: Business)
- November annual inflation eases to 4.7% (Category: Business)
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- IMF to discuss Sri Lanka loan follow-up (Category: Business)
FOR two years, the Daily FT team has worked to empower the people through dispensing knowledge of the emerging economy of Sri Lanka. Our belief is simple but pervasive. Since the end of a brutal three-decade conflict in 2009, Sri Lankans have been steadfast in their single-minded ambition to create
- Ex-CB Chief disassociates with writer ‘Sunil Mendis’ (Category: Business)
- Honoured for driving marketing in Sri Lanka (Category: Business)
- Ranil brush up! (Category: Business)
- Daily FT commends MTI for strategy and research (Category: Business)
Amidst tumbling value in the Colombo bourse, the Government’s Revival Bill suffered a fresh blow when rating agency Moody’s yesterday warned of investor uncertainty and negative impact whilst a fresh Fundamental Rights case was filed against new legislation. Triple adverse developments or reactions were despite the Government remaining hell bent in its continued justification of ...
- Fitch joins chorus, says nationalisation law could hinder investment (Category: Business)
- Sri Lanka’s takeover bill negative for investment - Moody's (Category: Breaking News)
- Harsha reminds Rajapaksa Govt. of Sirimavo’s fall after nationalisation (Category: Business)
- Economist Intelligence Unit says Expropriation law raises investor concerns (Category: Business)
With the dawn of peace after the cessation of the three-decade conflict in the country, the economy of Sri Lanka witnessed a considerable expansion in all three sectors. Year 2010 recorded a significant enhancement in the Gross Domestic Product (GDP) by 8% and the first half of 2011 recorded
- Sri Lankan F&B industry: What’s next? (Category: Business)
- Sunquick Lanka brings home best country award (Category: Business)
- Need for a consumer society (Category: Business)
Union Bank of Colombo PLC (UBC) together with ShoreCap II Limited of USA, an International foreign investment Fund, has acquired over 98% of the voting shares of The Finance and Guarantee Company Ltd. (TF&G), infusing Rs. 1.1 billion in new capital to resurrect one of Sri Lanka’s oldest finance companies. Previously Union Bank acquired National ...
- UBC and ShoreCap buy TF&G (Category: Breaking News)
- Fresh start for TF&G with Union Bank acquisition (Category: Business)
- UB Finance endeavours to deliver a unique proposition of economic and social value (Category: Business)
- Janashakthi Insurance partners with Union Bank for bancassurance (Category: Business)
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