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Reuters: Iran’s President said on Wednesday his country was under constant threat of military action from “uncivilised Zionists” and called for a new world order not dominated by Western powers in the service of “the devil.” In his eighth and likely final address to the U.N. General Assembly’s annual gathering of world leaders, Mahmoud Ahmadinejad ...
A fusion of glamour and festivities awaits guests at the annual gala dinner organised by the Sri Lanka India Society to celebrate India’s Independence Day. The celebratory dinner will be held today from 6. 45p.m. at Taj Samudra. The Chief Guest at the dinner will be High Commissioner of India to Sri Lanka Ashok K. ...
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 ...
The Sri Lankan Government is making serious efforts in rehabilitation of former Tamil Tiger combatants, their reintegration into society and reconciliation with the minority, a high ranking Russian Government official said. Konstantin Dolgov, Russian Foreign Ministry Commissioner for Human Rights, Democracy and the Rule of Law, and Ambassador-at-Large, said the situation in terms of human ...
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Reuters: President Barack Obama asked Americans on Thursday for patience in rebuilding the weak economy as he appealed for a new term in office and defiantly rejected Republican Mitt Romney’s proposals for growth as heartless. Accepting the presidential nomination at the Democratic National Convention, Obama gave a more down-to-earth follow-up to his 2008 “hope and ...
By Shanuka Tissera SREI Infrastructure Finance Ltd (India) announced their launch in Sri Lanka through a partnership with Arinma Holdings Pvt Ltd. SREI has helped over 30,000 entrepreneurs over its 23 years in operation offering a range of services in the infrastructure sector: Infrastructure project finance, advisory and development infrastructure equipment finance, venture capital and ...
By Cassandra Mascarenhas Sri Lanka’s biggest ICT events of 2012, the ASOCIO international conference and the country’s national IT expo INFOTEL, will be held consecutively portraying the country’s persistent ICT development and the significance of the rapidly expanding industry. Hosted by the Federation of Information Technology Industry (FITIS), the Asian-Oceanian Computi...
. Accordingly, the Sri Lankan Embassies in Russia, ...
NAIROBI (Reuters): Kenya’s horticulture export earnings are expected to grow by 10%this year thanks to above-normal rainfall, but the eurozone’s financial woes were expected to dampen demand for flowers, a senior industry official said on Monday. Horticulture is one of the east African country’s leading sources of foreign exchange alongside tea exports and tourism. The ...
Reuters: Russia warned the West on Tuesday against unilateral action on Syria, a day after U.S. President Barack Obama threatened “enormous consequences” if his Syrian counterpart used chemical or biological arms or even moved them in a menacing way. Russian Foreign Minister Sergei
Tea is our pride, for which we can be proud of for the reason that it is the best tea on the globe. It is the duty of every Sri Lankan, especially the diplomatic missions worldwide, to defend and promote our silver inherited as much as the beauty of Sri Lanka which is matchless. Sri ...
Playing off India against China and vice versa‘The Great Game’ was the name given to a diplomatic and military tussle between the British and Russian empires during the time of the British Raj in India for influence over what constitutes today’s central Asian states. Commonly known as the ‘Stan states,’ they were located along the ...
Sri Lanka’s dependence on imported milk is a phenomenon that evolved during the time frame of my lifetime. I well remember as a child, a man used to bring a cow and its small calf to our house – we lived in a Government quarters bungalow in Colombo – and milk the cow, in the ...
Reuters: Russia has made no agreement to grant Syrian President Bashar al-Assad asylum and is “not even thinking about” doing so, Foreign Minister Sergei Lavrov said on Saturday. The remarks fell short of a statement that Russia would not consider taking in Assad but were among Moscow
Reuters: China’s table-topping gold medal haul at the Beijing Olympics cemented its claim as a sporting superpower but the red-clad army of 396 athletes march into London with little swagger as they renew their battle for supremacy with the United States. China swelled with pride as their 51 titles at Beijing put the U.S. tally ...
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
Reuters: Former England manager Fabio Capello has agreed to become Russia’s new coach, the Russian Football Union (RFU) said on Thursday. “Though Capello has not signed a contract yet, a principal agreement with the Italian had been reached and de-facto he has become Russia coach,”
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 ...
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due to economic uncertainty and the possibility of lower ...
Reuters: Investors are criss-crossing the increasingly smudged line between emerging and developed markets as the euro zone crisis challenges traditional perceptions of a safe investment. This blurring of distinctions was illustrated last month by index compiler MSCI’s surprise decision to review Greece’s stock market for downgrade to emerging market status, usually assigned to poorer ...
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 ...
After 11 years of making US higher education popular across the tiny island nation in Indian Ocean Scholarships for USA (Pvt) Ltd (www.scholarshipsforusa.com) has commenced promoting Sri Lanka as one of the most viable Study Abroad destinations for its numerous partners in US. SUSA believes the traffic needs to be both ways and there’s much ...
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
Reuters: Swedish retailer IKEA, the world’s largest furniture maker, is opening up in India, marking a crucial step for the Indian government whose policy flip flops related to foreign investment have damaged market confidence. The company, known for huge stores selling flatpack furniture and accessories, said it would invest 1.5 billion euros to open 25 ...
By Cheranka Mendis Held for the 22nd consecutive year, Sri Lanka’s international gem and jewellery exhibition ‘Facets 2012’ is geared to make bigger waves in the market with 154 stalls being sold out already. Scheduled to be held from 5 to 8 September at the Sirimavo Bandaranaike Memorial Exhibition Centre at BMICH, the exhibition has ...
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 ...
The global financial crisis of 2008/09 has not sent migrant workers streaming back home, despite worsening employment prospects and anti-immigration rhetoric in some destination countries, says a new book on migration and remittances, published by the World Bank last week. In fact, migrants may have mitigated some of the pain of the crisis as they ...
Reuters: Germany beat the Netherlands 2-1 on Wednesday to move within touching distance of the Euro 2012 quarter-finals and Portugal kept their chances alive with a last-gasp 3-2 victory over Denmark. Mario Gomez scored twice for Germany, taking his tally to three goals in two games and leaving the Dutch needing victory over Portugal in ...
Reuters: Euro 2012 got off to an incident-packed start on Friday with Group A favourites Russia thrashing the Czech Republic 4-1 while Greece spoiled the party for co-hosts Poland in a drawn opening match as both teams finished with 10 men. Russia captain Andrei Arshavin turned in an inspired