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Although the Asian region is better prepared for economic turmoil than it was a decade ago, high levels of financial, trade and investment integration with the Western economies ensure that no country is immune to the effects of the Eurozone debt crisis. While most of the European Union (EU) economies struggle to design new austerity measures to ...
- Sri Lanka is an exciting and resilient business destination (Category: Business)
- Huge gains for South Asian consumers: CUTS (Category: Business)
- Challenging times for Asia Pacific (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (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)
Offers $ 43 b in overall deal which will see Fund’s base doubling to $ 456 b Reuters: China on Monday offered $43 billion to the IMF’s crisis-fighting reserves, rounding off a global push to nearly double the Fund’s war chest to $456 billion to help protect countries from fallout from the euro zone debt ...
- BRICS demand bigger IMF role before giving it cash (Category: Business)
- BRICS nations gird to pressure West over imbalances (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Lagarde’s next battle at IMF: Power shift (Category: Business)
The economy grew at 8.3% last year, the highest-ever pace, up from 8.0% in 2010. Per capita income went up from US$ 2,400 to $ 2,836. Fine, but we need to ask two questions: What are the costs incurred? Is this growth sustainable? Before that, a word of caution regarding the interpretation of Gross Domestic ...
- US employment gains slow, jobless rate drops (Category: Business)
- China gets red alert to avoid Japanification as consumer price drops drag inflation to lowest le... (Category: Breaking News)
- Inflation drops further in November, says CB (Category: Business)
- Sri Lanka’s demand for legal booze drops by 30 percent (Category: Breaking News)
Reuters: Fresh from a big victory in raising $430 billion for the International Monetary Fund, Christine Lagarde’s tougher test as head of the global lender will be finding a way to give emerging economies more influence. To do this, the former French finance minister will need to convince the Fund’s dominant powers – the United ...
- Global economy’s ‘timid’ recovery faces high risks: Lagarde (Category: Business)
- IMF Chief Lagarde emphasises Asia, China role in global recovery (Category: Business)
- Lagarde eyes $400 b rise in IMF funds this week; Japan pledges $ 60 b (Category: Business)
- BRICS demand bigger IMF role before giving it cash (Category: Business)
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
- President’s leadership led to great achievements in ICT: Weeratunga (Category: Business)
- Building resilience in Asia Pacific’s digital society (Category: Business)
- Namal on dynasties and democracies (Category: Business)
- EDB turns 33 (Category: Business)
Parliamentary accountability The Parliament, as the country’s foremost representative institution, has the sole authority over national resources and financial allocations and concurrently has a prominent role to play in fiscal responsibility, the budgetary process, economic development and effective transparent economic and financial management, with a view to assuring sustainable growth an...
- Chandra J sends his proposals for 2013 Budget to the President (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Time for reflection, reality check, risk mitigation and lessons learnt action (Category: Business)
Citizens should make a noise The Central Bank’s former Assistant Governor and its long-time Director of Statistics, Dr. Anila Dias Bandaranaike, at a recently held exporters’ forum, expressed the view that the business community should make it their business to discuss, debate and deliver their views on economic policies being formulated by the country’s policy ...
- Flexible exchange rates and impact on exporters (Category: Business)
- Economic management and the way forward (Category: Business)
- A monetary constitution to add on to the legal constitution? (Category: Business)
TOKYO: Japan and 12 other Asian countries will likely agree to double the amount of funds available under a regional currency swap pact amid uncertainty over the European debt crisis, a report said Sunday. Japan, China, South Korea and the 10 members of the Association of Southeast Asian Nations (ASEAN) are to agree to double ...
- Is it safe to travel yet? Current travel guidelines for COVID-19 - CNET (Category: Technology)
- The Latest: US hits 20 million mark in coronavirus cases (Category: USA, New Mexico)
- The Latest: US hits 20 million mark in coronavirus cases (Category: USA, New Mexico)
- Is it safe to travel yet? Current travel guidelines for COVID-19 - CNET (Category: Technology)
SRI LANKA’S fabled post-war window of opportunity seems to be closing, with the Central Bank following the International Monetary Fund (IMF) in reducing growth rates for 2012. But does that mean only gloom awaits Sri Lanka or can we ride out the tide and reach the golden shores? The Central Bank had originally forecast this ...
- CB seen keeping rates steady for fifth straight month (Category: Business)
- Central Bank seen holding rates, SRR steady (Category: Business)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
Tyranny of the international capital markets Dr. Indrajit Coomaraswamy, ex-Central Banker and International Civil Servant, did not mince words when he addressed the country’s exporters last week. The veteran economist, having made an assessment of the risks associated with Sri Lanka’s external sector crisis, warned that the country will have to grapple with “the tyranny ...
- High costs of poor performance or high returns of sound management (Category: Business)
- Appreciating exchange rates: Not a boon always (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- No more IMF loan for Sri Lanka (Category: Breaking News)
CB says will intervene in high volatility Dealers say CB employing moral suasion By Shihar Aneez and Ranga Sirilal COLOMBO (Reuters): Sri Lanka’s rupee hit a new record low on Tuesday on importer dollar demand, but a State bank sold greenbacks to reverse the drop in an apparent break with the Central Bank’s new policy ...
- CB expects currency volatility to ease (Category: Business)
- Rupee sinks to record low (Category: Business)
- Rupee down 3.1% after devaluation (Category: Business)
- Markets becalmed (Category: Business)
Reuters: China will continue to invest in euro zone government debt, the country’s central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China. Zhou Xiaochuan admitted that China and other emerging nations like Brazil, Russia or India were waiting for the right time to help the bloc, ...
- China urges EU to reach debt deal without delay (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
Reuters: The International Monetary Fund (IMF) on Friday welcomed Sri Lanka’s policy shift towards a flexible exchange rate, saying it will help contain the trade deficit and protect the nation’s dwindling foreign exchange reserves. In a marked policy shift, Sri Lanka’s Central
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- CB resumes repo auction after two-year lapse (Category: Business)
- Reactions (Category: Business)
- Consistent Policy (Category: Business)
Reuters: China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday. But Wen did not make any explicit financial commitments for the European Financial Stability Facility (EFSF) or the upcoming European Stability Mechanism (ESM). At a joint media briefing in ...
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- China urges EU to reach debt deal without delay (Category: Business)
- Chinese Rescue (Category: Business)
Reuters: Sri Lanka and the International Monetary Fund (IMF) meet this week amid a standoff over the Central Bank’s defence of the rupee currency, which has cost $ 2.6 billion in foreign exchange reserves since July – the same amount the global lender has pledged to loan. Bucking
- Sri Lanka says doesn't need IMF money (Category: Breaking News)
- SL does not need IMF money (Category: Breaking News)
- SL does not need IMF money, Cabraal (Category: Breaking News)
- Reactions (Category: Business)
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
- A resolute Sri Lankan economy (Category: Business)
- Robust Roadmap! (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- CB says S&P’s revision unwarranted (Category: Business)
Reuters: China’s central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world’s largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters. The vehicle, which was planned
- China end-Sept forex reserves top $3.2 trillion (Category: Business)
- China kicks off yuan trading vs Aussie, Canadian dollar (Category: Business)
- China urban tide to grow by 100 million in 10 years: Report (Category: Business)
- Don’t throw the baby out with the bath water (Category: Business)
Reuters) – The head of the International Monetary Fund warned on Wednesday that Europe’s debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence. Christine Lagarde told a financial forum in Beijing that European plans to bolster ...
- Washing machine cat is feline dizzy (Category: AU, New South Wales)
- Gets Oscars presenting gig (Category: Business)
- Megyn Kelly pulls sons from ‘woke’ UWS school over anti-white letter (Category: USA, New York)
- Homeless woman called ‘Bus Stop Mary’ identified by her family in New Jersey (Category: USA, Hawaii)
Reuters: The head of Europe’s bailout fund said on Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund. Klaus Regling, chief executive of the European Financial Stability Facility (EFSF), said the bailout deal ...
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- China urges EU to reach debt deal without delay (Category: Business)
BEIJING (Reuters): China urged the European Union on Monday to deal with its debt crisis as soon as possible and prevent contagion from spreading, as the country’s number four-ranked leader arrived for a visit of the continent, including Greece. “We hope that the EU countries concerned will reach a comprehensive settlement plan as soon as ...
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Global leaders urge swift action to resolve Europe crisis (Category: Business)
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
Representatives of 28 members of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) including Sri Lanka met in Bangkok on 11 and 12 October to discuss Asia-Pacific perspectives on the agenda of the G20 summit to be held in Cannes, France, on 3 and 4 November 2011. Central Bank of ...
- Bill Gates to urge G20 not turn backs on poor (Category: Business)
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
- G20: Focus on digital tech to support global economy (Category: Breaking News)
- India’s G20 presidency hot topic in Chinese media. But Beijing won’t discuss LAC at the summit (Category: Breaking News)
Putin hails France, Germany euro bank support plan as “positive signal” Says US is taking “parasitic” advantage of dollar dominance By Gleb Bryanski BEIJING (Reuters): Russian Prime Minister Vladimir Putin said on Tuesday that the crisis-hit euro zone had enough resources to resolve its own troubles without support from Russia and fellow BRICs countries. As ...
- Russia raps euro-zone crisis management (Category: Business)
- Russia 2011 growth 4.2% (Category: Business)
- Protesters chant for a “Russia without Putin” (Category: Business)
- Vladimir Putin says mass COVID-19 vaccinations will begin next week (Category: USA, New York)
Reuters: More than 100 million rural Chinese people will settle in towns and cities in the next decade, testing provision of welfare and services as a new generation of migrants turn their backs on farming, according to a new government report. The National Population and Family Planning Commission report forecast that by 2020, China’s urban ...
- China economy faces risk of hard landing – Govt. economist (Category: Business)
- No new China stimulus, says former Deputy Central Banker (Category: Business)
- Asia’s economy heading for “yo-yo” year in 2012 (Category: Business)
- Asia’s economy heading for ‘yo-yo’ year in 2012 (Category: Business)
LONDON: Here’s a bold prediction to feed Western worries that power is shifting inexorably to the East: China’s yuan could overtake the US dollar as the world’s principal reserve currency as soon as next decade. Beijing has been promoting the use of the yuan beyond its borders since 2009 to settle trade transactions. The resulting ...
- China kicks off yuan trading vs Aussie, Canadian dollar (Category: Business)
- China warns of trade war if US bill passes (Category: Business)
- Yuan hits all-time high (Category: Business)
- Obama presses China to act like grown up’’ nation (Category: Business)
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