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Reuters: Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth. The HSBC Flash China manufacturing purchasing managers’ index (PMI) showed activity stabilized in September after ...
- China factory sector shrinks most in nine months (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- Asian factory output curbed by troubled Europe (Category: Business)
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares inch down, mark time before Jackson Hole (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- Adopt economic policies to propel growth: Bankers (Category: Business)
Former top civil servant Dr. Prathap Ramanujam has been appointed to the Board of Senkadagala Finance Plc as an independent non-executive director with effect from 1 September 2012. Dr. Ramanujam retired after 38 years of distinguished service in the public sector. He was the Permanent Secretary to several key Ministries including Tourism, Livestock Development and ...
- CC to reconstitute independent commissions including EC (Category: Breaking News)
- Constitutional Council to meet on Wednesday (Category: Breaking News)
- CC yet to endorse second extension for IGP (Category: Breaking News)
- Shah: New coronavirus strain in England is worth keeping an eye on, but not surprising news (Category: USA, Maine)
Capital expenditure on education in the country has continuously decreased since 1980, especially after 2000, alleges a leading senior lecturer in economics attached to the Sri Jayewardenepura University - Dr. Chandrakumara Pathirage who points out that this has led to a number of serious issues
WASHINGTON (Reuters): A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed US recovery still faces an uphill climb. Other data on Thursday gave mixed signals about the strength of an incipient housing recovery, with groundbreaking on new ...
- Asian shares edge higher, investors seek stimulus clues (Category: Business)
- India’s food inflation at 8.84% (Category: Business)
- Anxious global investors look for calm (Category: Business)
- Asian shares inch up but growth worries lurk (Category: Business)
PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...
- Bill Gates to urge G20 not turn backs on poor (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
- G20 to Europe: show us the money (Category: Business)
- World 2011 grain output record high, market tight: FAO (Category: Business)
BULAWAYO, Zimbabwe, (IPS): The Global Environment Facility (GEF) is ready to be a catalyst for transforming the way the global environment is managed, said the next CEO and chairperson of the multilateral institution, Dr. Naoko Ishii, in this interview with Tierramérica *. The GEF recognises the inseparable linkage between environmental and economic well-being, which was ...
- Natural Capital (Category: Business)
- Companies calculate debt to Planet Earth (Category: Business)
- World faces stark choice at Rio+20, warns UN Report (Category: Business)
Former White House Communications Director to lead firm Burson-Marsteller, a leading global public relations and communications firm, today announced the appointment of Donald A. Baer as Worldwide CEO. Baer has wide-ranging executive experience across the worlds of media, communications, journalism and politics, including serving as White House Communications Director and Chief Speechwriter for Pr...
- PR in Asia: A perspective (Category: Business)
- A ‘modern’ definition of public relations? Why? (Category: Business)
- Dentsu Public Relations remains highest-earning Asia-based PR firm: Holmes report (Category: Business)
- Ad firm submits bid for US $ 9mn Ceylon Tea brand promotion (Category: Business)
A special seminar on international education and global careers in finance has been jointly organised by Northwood University (USA) and ANC. Guest speakers from education and industry will introduce both O/Level ad A/Level students and their parents on how to best prepare for top jobs in finance. Seminar details are as follow: It’s all about ...
- CA Sri Lanka takes lead in educating students on IFRS (Category: Business)
- OpenArc organises career guidance seminar (Category: Business)
- Central Bank releases latest educational publication (Category: Business)
- Commercial Bank joins Central Bank to promote financial literacy among SMEs (Category: Business)
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to ...
- US economy mending, oil prices a challenge: Geithner (Category: Business)
- Asia’s economic growth slipping into neutral (Category: Business)
- Happy CB keeps policy rates unchanged (Category: Business)
- Global factories struggle as growth fears rise (Category: Business)
The stock market’s misery worsened yesterday with the benchmark All Share Index (ASI) dipping below the psychological 5,000 points level whilst year to date a staggering Rs. 371 billion in value has been wiped off. The ASI yesterday dipped by 1.5% or 74.66 points, to close at 4,935.01, the lowest close in 22 months or ...
- SEC gives more flexibility on broker credit (Category: Business)
- Margin mayhem! (Category: Business)
- Bourse crosses half a million ‘individuals’ milestone (Category: Business)
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 ...
- Sri Lanka: Tea rich but nutrient poor (Category: Business)
- Dairy: The mirage of self-sufficiency (Category: Business)
- Equity and well-being in Sri Lanka (Category: Business)
My column today is an attempt to focus our attention on a few less spoken or untold developments that may have a profound influence on how we carve our way through in creating a desirable social, economic and political future for mankind on this only planet of ours. While I will not specifically touch on ...
- Development-led globalisation (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
- UNCTAD should address challenges faced by developing world (Category: Business)
- Global trends in investment (Category: Business)
Clouded prospects in developed markets cast a shadow over outlook for trade and economyBy Jonathan Story Two key forces that have driven Asia’s transformation for decades can be counted on to continue apace in the coming year: economic development and China’s rise. Nonetheless, individual Asian countries will struggle to balance domestic and international responsibilities in ...
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
- Bouyant StanChart eyes 10th record year, new hires (Category: Business)
- Asia, not North America, now has most millionaires (Category: Business)
Reuters: If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia. Its sister organisation, the International Monetary Fund, warns that economic expansion in China could be slashed ...
- HSBC Asia Pacific reports $ 13.3 b pre-tax profit in 2011 (Category: Business)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (Category: Business)
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Values vs. wealth (Category: Business)
One of my friends who visited from Australia had a problem with a branded computer he had bought from a renowned place in Colombo. Even though the company claimed the instalment basis with interest free as their special New Year bonanza, there was a different calculation altogether. Finally he had to pay more than the ...
- World Consumer Day: ‘Our Money Our Rights’ (Category: Business)
- SLIM-Nielsen Peoples Awards to be held for the seventh year (Category: Business)
- Arpico Supercentre launches new consumer promotional campaign (Category: Business)
- Winners from Coke promotion get all-expense paid trip in Switzerland (Category: Business)
There are many quotes and comments that we Sri Lankans repeatedly reiterate in tourist literature and with pride. As another year dawns, some statements may again be recalled with fond memories as it is important to have that positive outlook.It is also about time that we do adorn other literature with comments and numbers that ...
- Conference maketh a ready man! (Category: Business)
- Our own special science park: Going beyond Jurassic Park! (Category: Business)
- From science to commercialisation (Category: Business)
- Dark sands of Pulmoddai (Category: Business)
BERNE (Reuters) : Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a controversial currency trade made by his wife and wanted to protect the integrity of the central bank. Hildebrand’s decision to relinquish one of the top 10 central banking jobs ...
- Swiss bank chief profited by dollar trades (Category: Business)
- Swiss central bank chief quits over wife's currency deal (Category: Breaking News)
- Keen interest in Lanka’s energy sector at first Swiss-SL Investment Forum (Category: Business)
- Swiss central bank intervention fails to stem franc’s rise (Category: Business)
Reuters: U.S. manufacturing grew at its fastest pace in six months in December, capping a late-year upswing, but a European slump and rising oil prices posed threats to the U.S. economy in the new year. The Institute for Supply Management’s index of national factory activity hit its highest level since June, coming in above forecasts ...
- Recession risk unless oil prices fall further (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Asian shares rise on growth hopes after firm US data (Category: Business)
Washington, Reuters: The US economy is gaining momentum and should push through next year with only a few bruises despite an almost certain European recession and slower global growth. A firming in the anemic US labour market should put the economy in reasonable shape to withstand headwinds from overseas, although the recovery will likely slow ...
- Economists see probability of US recession (Category: Business)
- Bahrain’s economy to grow 2.4% next year (Category: Business)
- Box office heading toward record despite economy (Category: Business)
- UAE business activity at 4-month low (Category: Business)
Plastic crates: Universally used in agri markets In 2002, the writer had a chance of visiting a few farms in Czech Republic, some 200 kilometres away from its capital, Prague. They were all medium sized farms owned by private individuals producing such products as vegetables, fruits and honey. At the time of the writer’s visit, ...
- Polypropylene sacks versus plastic crates - Lack of participation in decision making (Category: Business)
- The Crate Debate (Category: Breaking News)
- Cutting post-harvest losses (Category: Business)
- Chaos over veggies in plastic crates (Category: Business)
The Colombo stock market saw a dull day’s trading with turnover recording Rs. 664 million and the All Share Price Index falling 0.52% to close below the psychological support level of 6,000 at 5,965 while the Milanka Price Index lost 0.05% to register 5,228. The top turnover contributor list was dominated by fundamentally sound counters ...
- Market moves up marginally (Category: Business)
- Retailers keep bourse active (Category: Business)
- Bourse in welcome rebound; market cap up by Rs. 25 b (Category: Business)
- Rs. 44 b in value wiped out from Bourse (Category: Business)
By Peter Day The Ray Wijewardene Charitable Trust that continues the legacy and the vision of the late Sri Lankan innovator is organising the inaugural ‘Ray Wijewardene Memorial Lecture’ to be held on 13 December 2011. The Ray Wijewardene Charitable Trust organises the lecture with the Institution of Engineers of Sri Lanka – of which ...
- Harnessing knowledge: Grassroots innovations for inclusive development (Category: Business)
- ‘The Ray’ award to commercialise Sri Lankan inventions (Category: Business)
- Biennial ‘Ray Award’ to commercialise Sri Lankan inventions (Category: Business)
By Cheranka Mendis With mobile penetration directly linked to increasing economic growth in a country, Sri Lanka with its bullish growth prospective stands to benefit heavily from the ever-expanding ICT and telecommunication sector. Alcatel-Lucent Asia Pacific President Rajeev Singh-Molares who was in Sri Lanka for a brief visit yesterday told the media that a World ...
- Sierra Global strengthen ties with Alcatel-Lucent (Category: Business)
- Alcatel-Lucent doubles revenue in Lanka (Category: Breaking News)
- Alcatel Lucent’s APAC President in town (Category: Business)
- Alcatel-Lucent unveils first profit of $ 1.33 b in six years (Category: Business)
Discussion on the validity of non-military engagements of the military The war or internal armed conflict in the north and east is over; the Emergency is no more; but still the military is everywhere. The military is now engaged in peacetime police-work, whale watching, selling vegetables, agriculture, cleaning, constructions and many other non-military activities. Yet, ...
- Military in Sri Lanka encroaching on civilian control of government (Category: Breaking News)
- Sri Lanka will act on evidence of atrocities by troops (Category: Business)
Harvard University may be America’s top-ranked national university, along with Princeton University, in US News and World Report’s latest best colleges rankings, but a competitor across the pond is now stealing some of that thunder. For the second year in a row, the United Kingdom’s University of Cambridge topped Harvard in the U.S. News World’s ...
- Israeli universities ranked among world’s top 100 (Category: Business)
- Mustansir engaged and challenged at Valparaiso’s College of Engineering (Category: Business)
- Harnessing knowledge: Grassroots innovations for inclusive development (Category: Business)
- Universities in crisis: Key learnings (Category: Business)
Sri Lankan represents global team of entrepreneursAspirations Edu-cation’s General Manager Deepamala Abeysekera became the only Sri Lankan to represent a group of 30 entrepreneurs in the world from, USA, Europe, Australia, Asia and Africa, to read for her postgraduate studies in entrepreneurship at the University of Cambridge. Cambridge has acquired an international reputation as an ...
- University of Cambridge International Examinations meets stakeholders (Category: Business)
- Cambridge Ruskin International College introduces Undergraduate and Postgraduate degrees in Camb... (Category: Breaking News)
- Entrepreneurship in Sri Lanka (Category: Business)
Reuters: G20 finance chiefs and central bank heads meet in Paris on Friday urgently needing to find a convincing solution to a deepening euro zone debt crisis that has fanned fears of a global slide into recession. A source at the French finance ministry — which is battling to flesh out the bones of a ...
- Change EU treaty to stabilise bloc, says Trichet (Category: Business)
- G20 doubles IMF’s war chest amid fears on Europe (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
By Cheranka Mendis Asia, which is estimated to contribute 52 per cent to the world’s GDP by 2050, has turned back a 260-year spell of declining contribution to the global GDP within a 80-year period and is now poised for better growth. Central Bank Governor Ajith Nivard Cabraal addressing the Asian Bankers Association General Meeting ...
- KPMG holds 10th MESA Conference in Colombo (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- Lion leads frontier markets (Category: Business)
Reuters:U.S. employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to aid the frail economy. For the first time in nearly a year the economy failed to create new jobs on a net basis according to the ...
- US April hiring slows, jobless rate falls to 8.1% (Category: Business)
- Tourism vital to tackling global economic challenges: UNWTO (Category: Business)
- US labour market seen improving, but pace glacial (Category: Business)
- U.S. jobs recovery suffers setback in March (Category: Business)
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