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A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
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 ...
Human rights Human rights are on the top of agenda today. Nations accuse each other of violations of human rights of themselves and others. Rights are generally violated during conflicts and wars as the strength of the weapon supersedes peace over and stability and rule of law. There is no shortage of conflicts in most ...
An important feature of the recent Sri Lanka Economic Summit, which both the Guest Speaker Gurcharan Das, Author, Columnist and Management Consultant and Keynote Speaker Dr. Kalpana Kochar, Chief Economist – South Asia of the World Bank, referred to were the opportunities presented to Sri Lanka by the ongoing process of globalisation and particularly the ...
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 ...
The International Air Transport Association (IATA) last week announced global traffic results for March showing that total passenger demand rose 7.6% and freight demand climbed 0.3% compared to the same month last year. Comparisons with March last year are affected by events that depressed passenger demand in 2011, including the Arab Spring, which disrupted travel ...
Institute of Supply and Materials Management (ISMM) held its Annual General Meeting along with the Technical sessions on 31 March at the Auditorium of Organisation of Professional Association. At the AGM, President Danesha Perera was re-elected unanimously the term 2012/13 and was inducted. New Management of Council Members were also elected. Perera is well known ...
I am of the view that there is strong potential in using the knowledge and the caring among our youth in protecting our natural assets. It is sad that the vast reservoir of knowledge and information our young nature enthusiasts possess is not adequately harnessed for conservation decision making. Herein is an appeal to policymakers ...
The entry in to Sri Lanka by Malaysia’s sovereign wealth fund Khazanah Nasional Berhad via John Keells Holdings (JKH) is being hailed as a all round boost for the country, the Colombo stock market as well as the premier blue chip. JKH which has many first to its credit is also the first stock on ...
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 ...
Top apparel exporter supports workshop on sustainability at AIESEC Sri Lanka event Sri Lanka’s top apparel exporter Brandix extended its globally-acclaimed commitment to the environment to the youth by supporting a forum on the sustainability of the environment, held as part of the first-ever Sri Lanka International Youth Forum of AIESEC, the world’s largest student-run ...
The Australian College of Business and Technology (ACBT) in association with Australian government-owned Edith Cowan University (ECU), offers students who have completed their Advanced Level examinations an opportunity to receive a globally recognised Australian degree qualification right here in Sri Lanka. Edith Cowan University is listed in the Commonwealth Universities yearbook and the Internat...
Facing the short-term economic challengesThe macroeconomic imbalances Sri Lanka has achieved a growth rate of 8.3% last year and inflation fell to 4.9% year-on-year in December 2011. These are noteworthy achievements at a time when the global economic landscape has been hostile with a slowdown in the US and a crisis in Europe; key markets ...
Developing countries should prepare for further downside risks, as Euro Area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, the World Bank said yesterday in the newly-released Global Economic Prospects (GEP) 2012. The bank has lowered its growth forecast for 2012 to 5.4 per cent for developing countries ...
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling the lost decade” – ...
A Sri Lankan has been awarded one of the most prestigious international scholarships to network with the next generation of Asian leaders by the Government of Singapore. Duminda Ariyasinghe, Executive Director (Investment Promotion and Media) at the Board of Investment of Sri Lanka (BOI), has been awarded a Lee Kuan Yew (LKY) Fellowship by the ...
By Sarath de Alwis Tracing my roots to traditional marketing times in aviation and tourism, I am awed by the enormous potential of modern technologies that bring new frontiers to our doorstep; drop new vistas virtually on our laptops. Then I am appalled to see what unfolds. Global opportunities are whisked away from our grasp ...
DNH Financial showcases impressive GDP data to make a credible case to consider stock market as an attractive medium to long term investment option The high 8.4% economic growth enjoyed by Sri Lanka in the third quarter is considered the fourth best in the world according to an analysis by stock broking firm DNH Financial. ...
This was written upon following recent events that unfolded in our midst which made one wonder if we adequately managed our natural assets at our national parks and protected areas… many lovers of nature and concerned persons presented varied views in the print and e- media. On the global front we also observe the intensified ...
With the World Bank announcing that the world economy is teetering on “a new danger zone,” it is of paramount importance for governments and financial power-houses to restore confidence through concrete policies and systematic financial planning. This is the order of the day, given the recent pessimistic report on the world economy delivered by Morgan ...
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