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Predicts that Sri Lanka will face formidable challenges in the future unless the issues of social protection are addressed now These views were shared at the inauguration of a workshop titled ‘Promoting Productive Social Protection and Labour Systems in Sri Lanka for Inclusive Growth: Developing an Integrated Social Protection and Labour Strategy,’ organised jointly by ...
- Promoting productive social protection (Category: Business)
- Sri Lanka must address social protection issues - Senior Minister Gunasekera (Category: Breaking News)
- Insurance: The Great Protector (Category: Breaking News)
Request to present a public petition before the Committee on Public Petitions Following is the text of an open letter sent by good governance activist Chandra Jayaratne to the Leaders of Peoples Alliance Parliamentary Group, United National Party Parliamentary Group, Tamil National Alliance Parliamentary Group, Janatha Vimuthi Peramuna Parliamentary Group, Democratic National Alliance Parliamentar...
- Public views sought for National Educational Bill (Category: Breaking News)
- India calls on TNA to find solution through Select Committee (Category: Breaking News)
- Ex-COPE chief denies he was behind prorogation of Parliament (Category: Breaking News)
- COPE Lists Over 200 Public Entities (Category: Breaking News)
Steve Freer, Chief Executive of the Chartered Institute of Public Finance and Accountancy (CIPFA) has said that urgent action is required by Commonwealth public finance leaders to help tackle the current financial crisis and to help avoid the next one. Speaking at a Commonwealth Secretariat event
- Weakening Commonwealth needs dose of ambition (Category: Breaking News)
- Dr. Ajantha appointed to CDB Finance Board (Category: Business)
- No salary cut for Public Sector – Finance Ministry (Category: Breaking News)
- Dr. Indrajit Coomaraswamy joins SEEDS Board (Category: Business)
Around two weeks back when I was invited to address the business chambers of Pakistan in Karachi, I realised that the bond between the people of Pakistan and Sri Lanka was not due to business or commerce but the game of cricket. Whenever I mentioned cricket in my addresses, there was a round of applause ...
- Sri Lanka makes it to 2013 Future Brands Country report (Category: Business)
- Branding Sri Lanka (Category: Business)
- Sri Lankans put on a gutsy show for free (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
- Taming the ‘monsters’ (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
KUWAIT (Reuters): Kuwait's cabinet submitted its resignation to the Gulf state's ruler on Monday in a move some parliamentarians believe could be a first step out of the latest crisis that has stalled legislation and blocked reforms in the major oil producer. The government'
- Over 100 Lankans stranded in Kuwait return (Category: Breaking News)
- 9000 Lankans to return home (Category: Breaking News)
- Make use of the common amnesty period in Kuwait - FEB (Category: Breaking News)
- Hakeem meets Kuwait Chamber of Commerce and Industry President (Category: Business)
SINGAPORE (Reuters): Asian shares fell on Monday and the safe-haven dollar rose as concerns about faltering global growth and Europe’s intractable debt crisis continued to sap investor confidence, but commodities steadied after a pummeling last week. The euro also fell, despite moves late
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
- Shares, euro dip on Europe; French bond auction eyed (Category: Business)
- Asia shares fall to 2012 lows as Europe worries weigh (Category: Business)
The Financial Times and IFC, a member of the World Bank Group, have named Standard Chartered the 2012 Sustainable Global Bank of the Year as part of the 7th annual FT/IFC Sustainable Finance Awards. The awards highlight leaders in environmentally and socially responsible banking and investment around the world. The Sustainable Global Bank of the ...
- Standard Chartered releases first Sustainable Finance Impact Report (Category: Breaking News)
- Standard Chartered releases first Sustainable Finance Impact Report (Category: Breaking News)
- Standard Chartered releases first Sustainable Finance Impact Report (Category: Breaking News)
Reuters: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due
- Bubble Fears (Category: Business)
- Demands on bank assets pose “vicious cycle” danger (Category: Business)
- Rebalancing (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
LONDON (Reuters): Banks are in danger of a “vicious cycle” from the need to pledge more of their best quality assets as protection to central banks and other creditors, which could hinder the banking system’s ability to absorb shocks. The trend, known as “asset encumbrance”, has taken hold over several years and stems from a ...
- US to move $3.5bn in Afghan assets to Swiss-based trust (Category: Breaking News)
- Regulators close four more US banks (Category: Business)
- ‘Nominations’ in bank accounts: Think before you ink! (Category: Business)
- India finds balance in NPLs recovery and borrower rights (Category: Business)
President Mahinda Rajapaksa has arrived in Sri Lanka early Sunday after completing a successful tour in Cuba and Brazil where he participated in the United Nations Conference on Sustainable Development (UNCSD), Rio+20 held in Rio de Janeiro. During his tour in Cuba prior to the Rio+20 summit, the President met with the Cuban Leader Raul ...
- Sri Lankan President returns after successful tour in Cuba and Brazil (Category: Breaking News)
- President to deliver speech at Rio+20 summit (Category: Breaking News)
- Sri Lankan President leaves Havana for Brazil to attend Rio+20 (Category: Breaking News)
- Manmohan Singh pressured Lankan president at Rio+confereance (Category: Breaking News)
Reuters: Holders Spain set up a European Championship semi-final with Iberian rivals Portugal after an uninspiring 2-0 win over France on Saturday which featured yet another headed goal but prompted boos from a sometimes bored crowd. The tournament has generally been graced by high quality, exciting soccer so far but for all Spain’s skill at ...
- Spain’s Iniesta named Euro 2012’s best player (Category: Business)
- Spain dominates World Player of the Year shortlist (Category: Business)
- Dutch top FIFA rankings without kicking a ball (Category: Business)
- Spain leads, Uruguay pips Germany in FIFA world rankings (Category: Business)
PARIS, (Reuters): Global advertising spending is set to grow by 4.3% to $502 billion this year, a slightly slower rate than previously predicted, dragged down by Europe’s ongoing debt crisis, according to market research group Zenith Optimedia. The forecasting
- UBS cuts China 2011, 2012 GDP forecasts amid global slowdown (Category: Business)
- Global advertising spend up 5.7% in Q2 2011 (Category: Business)
- Global internet ad revenue totals $ 8.4 b in 1Q (Category: Business)
- Brakes put on population growth (Category: Western Australia)
Differences of opinion are normal It is not unusual for one to find instances where there is a difference of opinion as to how one sees oneself and how others see him. Such differences invariably lead to hurling charges at each other and even making counter-charges to prove that the original opinions expressed had all ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P’s soother! (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
The International Air Transport Association (IATA) last weej encouraged strong information technology (IT) partnerships to continue to facilitate change that strengthens the air transport industry. “IT has changed aviation for the better. Aviation today is a global mass transit system for nearly 3 billion people and 50 million tonnes of cargo. This is a critical ...
- Qantas’ Joyce is new IATA Chairman (Category: Business)
- Aviation industry leaders to meet in Beijing on Monday (Category: Business)
- IATA milestones in three initiatives: DDS, Distribution and Industry Awards (Category: Business)
- Airline industry’s profitability balancing on knife’s edge- IATA CEO (Category: Travel)
Colombo Page: Ministry of Agriculture sources say that around 20,000 hectares of paddy cultivation is under threat of destruction due to shortage of irrigated water and rains. An estimated 600,000 metric tons of paddy may be lost due to the crisis, Ministry sources say. However, the Minister
- Sri Lanka: SLA denies irrigation facility to resettled civilians in Kilinochchi district (Category: Breaking News)
- Sri Lanka's other crops not severely affected by the drought as paddy (Category: Breaking News)
- Ninety percent of paddy damaged (Category: Breaking News)
- Sri Lankan government yet to decide on compensation for drought stricken farmers (Category: Breaking News)
REUTERS: Cristiano Ronaldo stooped to conquer the Czech Republic and send Portugal deservedly into the semi-finals of the European Championship on Thursday as the tournament re-started after a temporary lull in proceedings. The world’s most expensive player produced a classic diving header with little more than 10 minutes remaining in Warsaw to break the deadlock, ...
- I’d rather have Ronaldo than Messi, says Moutinho (Category: Business)
- Acid test for world-class Ronaldo (Category: Business)
- Germany focus on upsetting Ronaldo (Category: Business)
- Germany, Portugal secure quarter-final berths (Category: Business)
Reuters: A court has issued an arrest warrant for the ruling party veteran poised to replace Pakistan’s ousted prime minister, local television stations reported on Thursday, deepening political uncertainty in the strategic U.S. ally. Pakistan’s president had nominated Makhdoom Shahabuddin as the Pakistan People’s Party (PPP) candidate in an apparent bid for continuity ahead of ....
- Gilani no longer Premier of Pakistan rules Supreme Court (Category: Breaking News)
- Pakistan PM Gilani barred from office (Category: Breaking News)
- Pakistani PM Gilani guilty of contempt (Category: Breaking News)
- Pakistan PM indicted for contempt (Category: Breaking News)
Reuters: Weakening business activity worldwide is hitting U.S. companies where it hurts, with more of them signaling disappointing results than at any time over the past decade. Many bellwether companies, including two Dow components, have come out in recent days with profit warnings, and the slowing in Europe has been cited as a major factor ...
- Companies plan for two-speed Europe (Category: Business)
- Europe’s debt crisis to shake corporate America (Category: Business)
- Maersk raises 2012 outlook on freight rate recovery (Category: Business)
- Smartphones drive record Samsung profit; capex raised to $ 22 b (Category: Business)
REUTERS: The International Monetary Fund has warned of significant risks to the world economy from the European debt crisis and excessive fiscal tightening in some rich nations, urging collective action to lower unemployment. In an umbrella report for the Group of 20 nations, the IMF said global
- Growth Path (Category: Business)
- Bailout Tax (Category: Business)
- Revving Up (Category: Business)
- Failed Stimulus (Category: Business)
LONDON, (Reuters): Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, pointing to lower-than-expected energy consumption worldwide. China’s factory sector shrank for an eighth straight month in June as export order sentiment hit its weakest since early 2009, according to a survey indicating the ...
- UPDATE 1-Sri Lanka April inflation bursts past forecast to 9.8 pct (Category: Breaking News)
- Recession risk unless oil prices fall further (Category: Business)
- Oil falls below $112 as Isaac misses oil platforms (Category: Business)
- Oil sinks below $ 100 to 16-month low on economy, demand worries (Category: Business)
Reuters: The U.S. Federal Reserve on Wednesday delivered another round of monetary stimulus and said it was ready to do even more to help an increasingly fragile U.S. economic recovery. The central bank expanded its “Operation Twist” by $267 billion, meaning it will sell that amount of short-term securities to buy longer-term ones to keep ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Fed officials take wait-and-see approach on stimulus (Category: Business)
- Bernanke defends low rate policy for weak economy (Category: Business)
- US “close to faltering”, Fed ready to act says Bernanke (Category: Business)
WEALTH inequality has grown, despite an environment of world economic challenges placing more emphasis on local millionaires to solve global problems. In latest reports, faster-growing Asia for the first time had more millionaires than North America, putting the issue of vast income gaps in the region in the spotlight. A new report has said that ...
- Asia, not North America, now has most millionaires (Category: Business)
- Singapore overtakes Hong Kong as home to Asia’s wealthy (Category: Business)
- Asia to add 1.66 m millionaires by 2015 – report (Category: Business)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (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)
Reuters: Weakening economies that roiled markets last year also took their toll on the world’s rich, though faster-growing Asia for the first time had more millionaires than North America, according to a study released on Tuesday. A new report said the global personal wealth of people with $1 million and more to invest fell in ...
- Values vs. wealth (Category: Business)
- Singapore overtakes Hong Kong as home to Asia’s wealthy (Category: Business)
- Asia to add 1.66 m millionaires by 2015 – report (Category: Business)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (Category: Business)
The Central Bank of Sri Lanka notes with grave concern, a statement by Standard and Poor’s, issued yesterday, on the Sri Lankan Banking System and wishes to state that the statement is factually incorrect, illogically analysed, and is highly contradictory. 1. Soundness of the Banking System Quite contrary to the rationale for the statement, Sri ...
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- 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)
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 ...
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
International Data Corporation (IDC) last week released its latest results from the Worldwide Software Market Forecaster. The research monitors over 1000 software vendors (global and local) across a total of 49 countries globally. Information provided include annual market size, vendor share, and forecast data for the seventy-eight functional markets that comprise the software market. “2011 ...
- Global server market revenues up 18% in 2Q (Category: Business)
- Worldwide PC shipments up 1.9% in 2012 1Q (Category: Business)
- 10 key actions to reduce IT infrastructure, operations costs (Category: Business)
- Microsoft to struggle vs Apple, Google in tablets (Category: Business)
WASHINGTON: Developing countries should prepare for a long period of volatility in the global economy by re-emphasising medium-term development strategies, while preparing for tougher times, says the World Bank in the newly-released Global Economic Prospects (GEP), June 2012. A resurgence of tensions in high-income Europe has eroded the gains made during the first four months ...
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- World Bank projects global slowdown, with developing countries impacted (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
Reuters: England and France took the last places in a heavyweight final eight at Euro 2012 on Tuesday, with Ukraine joining co-hosts Poland on the sidelines after a 1-0 loss to the English marred by a controversial disallowed goal. In a tournament heavy on goals and drama but relatively free of debatable refereeing decisions, the ...
- Tournament must improve: Rugby WCup boss (Category: Business)
- Sri Lanka face England in T20 World Cup semi-final today (Category: Breaking News)
- Insights to Rugby World Cup 2011 knockout stages (Category: Business)
- Italy’s ‘Gerrard’ hopes to explode against England (Category: Business)
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