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Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (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)
Standard and Poor’s yesterday fired a fresh warning on Sri Lankan banking system, relegating it to a risk prone grouping that includes Nigeria. Standard & Poor’s Ratings Services said it has assigned Sri Lanka to its Banking Industry Country Risk Assessment (BICRA) group ‘8’. At the same time, it assigned an economic risk score of ...
- 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)
Sri Lanka’s banking industry reflects a “very high risk” assessment of economic resilience and credit risk in the economy, and a “high risk” assessment of economic imbalances, says the Standards and Poor’s. The Rating agency in its latest Banking Industry Country Risk Assessment, assigned Sri Lanka’s Banking sectors economic risk score of ‘8’ and an industry ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- S&P’s soother! (Category: Business)
- Standard and Poor assesses SL as ‘high risk country’ (Category: Breaking News)
The main Opposition UNP yesterday charged that people are suffering due to the inequitable economic policies of the Government. The UNP said that the Central Bank has stated in its latest monetary policy review that “The policy measures adopted by the Central Bank and the Government during the period February to April 2012 to curtail ...
- What happened to the Cabraal roadmap? (Category: Business)
- The blame game and accountability (Category: Business)
- Harsha claims Govt., CB lack credibility (Category: Business)
- Economic policy governance: Listen to sane voices before it heads for disaster (Category: Business)
The economy of Sri Lanka registered a growth rate of 8.3 % in 2011 compared to similar growth rate of eight per cent achieved in 2010 reflecting that country has attained a high growth momentum.
- Job Growth (Category: Business)
- Steel Demand (Category: Business)
- Export Outlook (Category: Business)
- Economic growth 5% with double-digit inflation, warns think tank (Category: Breaking News)
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
- SEC To Work Towards Strengthening Investor Protection (Category: Business)
- Regulatory framework in place for Exchange Traded Funds (Category: Business)
- Top Govt. politico among investors summoned by SEC via ‘fiery’ notice (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
Sri Lanka’s tea industry generates around 1.5 billion dollars to Sri Lanka and provides almost a million jobs to the economy today. In fact Sri Lanka is considered a model to the world across the value chain, from growing to production and from physical distribution to the most admired auction system in the world. From ...
- Tackling tea travails (Category: Business)
- Has the bubble burst? (Category: Business)
- Sector report (Category: Business)
- London: World’s first social media Olympics (Category: Business)
By Dr. Laksiri Fernando Asian Tribune: I am here not talking about Karen Connelly’s popular love story by the name of ‘Burmese Lessons,’ but rather Aung San Suu Kyi’s entry into Parliament as the Leader of the Opposition in Myanmar (or Burma) with 42 other members who were elected early April in a by-election from ...
- ‘Burmese Lessons’ for Sri Lanka (Category: Breaking News)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
- It breaks my heart to see the Indian Prime Minister pose cordially with the butchers of Burma (Category: Breaking News)
- New Myanmar Democracy: Generals In Plain Clothes (Category: Breaking News)
| by Dr Laksiri Fernando ( May 03, 2012, Sydney, Sri Lanka Guardian) I am here not talking about Karen Connelly’s popular love story by the name of ‘Burmese Lessons,’ but rather Aung San Suu Kyi’s entry into Parliament yesterday as the leader of the opposition in Myanmar (or Burma) with 42 other members who were elected early April in a by-election from the National League for Democracy (NLD). Th...
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- New Myanmar Democracy: Generals In Plain Clothes (Category: Breaking News)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
- It breaks my heart to see the Indian Prime Minister pose cordially with the butchers of Burma (Category: Breaking News)
Good morning ladies and gentlemen, I am privileged to have been given this opportunity to be with you this morning. My task before you is to brief potential investors of my personal experience of doing business in Sri Lanka and about the prevailing circumstances there. Therefore, I am not going to focus on the economy ...
- SLSBC trade and investment promotion mission to Singapore a success (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Boosting business with Bangladesh (Category: Business)
Positioning Sri Lanka in the Global Economy The Sri Lanka Economic Summit 2012, the flagship event of the Ceylon Chamber of Commerce (CCC), will be held from 10 to 12 July 2012 at the Cinnamon Grand, Colombo under the theme ‘Positioning Sri Lanka in the Global Economy’. This forum
- Young guns to share insights to positioning Sri Lanka in global economy (Category: Business)
- Sri Lanka Economic Summit begins today in Colombo (Category: Breaking News)
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Carson Cumberbatch platinum sponsor of Sri Lanka Economic Summit 2012 (Category: Business)
Professor Buddhadasa Hewavitharana felicitated The legendary Economics Guru of Peradeniya vintage for more than four decades, Emeritus Professor of Economics Buddhadasa Hewavitharana, was felicitated last week by the country’s top policy think-tank, Institute of Policy Studies or IPS and the Department of Economics and Statistics of the University of Peradeniya by releasing simultaneously tw...
- Two books on Sri Lankan economy launched (Category: Business)
- State of SL economy according to IPS: Grow but make it inclusive (Category: Business)
Says Central Bank ‘miserably politicised’; wants change at the top; warns of public, worker agitation UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday said the Government has to blame itself and take responsibility for the current economic crisis in the country. In a statement, Dr. de Silva said: “The ...
- Increase, to meet IMF conditions; UNP (Category: Breaking News)
- Central Bank report was not independent: Dr. Harsha de Silva (Category: Breaking News)
- Market will beat the Central Bank no matter how powerful the governor is: Harsha . (Category: Breaking News)
- UNP wants CB, EPF officials summoned before Parliament (Category: Breaking News)
Nivard Cabraal and subsequently showcased by politicians the sad reality of the economy of Sri Lanka ha...
- EPF to be summoned before PAC (Category: Breaking News)
- Central Bank Road Map a propaganda document says Harsha (Category: Breaking News)
- UNP protests against undemocratic government (Category: Breaking News)
- Govt.’s debt repayment for next years is Rs. 914Bn - Harsha (Category: Breaking News)
What does independence mean to Sri Lanka? After 64 years, one would think that the value of freedom would have waned, but that is not the case. Yet the direction of this independence and what it means to people is undergoing a change and therein lies the challenge for the decades ahead. It is true ...
- Winners of the School essay competition conducted by Department of Information (Category: Breaking News)
- Hit Wicket (Category: Business)
- Judicial Jugglery (Category: Business)
- Each step taken for development a step towards freedom - President (Category: Breaking News)
In the meantime, employees who were killed in the Central Bank bombing are being commemorated. 41 Bank employees died in this attack.The commemoration took place at 10.49 a.m. the time in which the suicide attack took place. The commemoration was held under the patronage of Central Bank Governor Ajith Nivard Cabral. The Governor unveiled a ...
- Pension scheme for private sector (Category: Breaking News)
- EPF interest rate increased (Category: Breaking News)
- Asia Pacific Regional Summit for State and Private Sector Employees next month in Sri Lanka (Category: Breaking News)
- A Pension Scheme for the Private Sector (Category: Breaking News)
Jan 31, Colombo: Sri Lanka Opposition Leader Ranil Wickremasinghe says that the International Monetary Fund has rejected to release the last tranche of the IMF stand-by arrangement since the government failed to maintain the stability of the economy.
Sri Lanka businesses and their leaders are optimistic of prospects for 2012 whilst they are also confident the country will progress in the New Year according to key findings of a CEOs survey done by MTI Market Research. “Despite concerns about the global economic outlook, Sri Lankan businesses seem confident that the local economy and ...
- Time for Sri Lankan businesses to tighten their belts says MTI CEO (Category: Business)
- Sri Lanka Economic Summit to bring the economy in perspective (Category: Breaking News)
- Global Commerce Excellence awards next week (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
The World Bank, painting a bleak picture of the global economy, says Sri Lanka's post-conflict economic rebound is waning and the country is vulnerable to risks associated with falling exports, declin .....
Foreign Direct Investment (FDI) generally refers to long-term participation by one country in another country. It usually involves participation in a JV, capital transfer, transfer of technology and expertise. There are two types of FDI: inward foreign direct investment and outward foreign direct investment, resulting in a net FDI inflow (positive or negative) and stock ...
- FDI Flows (Category: Business)
- Sri Lankan government dismisses main opposition's allegations on FDIs (Category: Breaking News)
- India formally allows foreign investment from Pakistan (Category: Breaking News)
- BOI’s Warning To IMF (Category: Breaking News)
Multilateral donor emphasises devaluation should help exports, reserves Opines 2012 Budget consistent with earlier plans Withholds eighth tranche of $ 2.6 b loan; mission in Jan The International Monetary Fund said on Wednesday that Sri Lanka’s devaluation of its currency was a “step in the right direction” that should favour export competitiveness and preserve foreign ...
- Devaluation divide (Category: Business)
- November annual inflation eases to 4.7% (Category: Business)
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- IMF to discuss Sri Lanka loan follow-up (Category: Business)
FOR two years, the Daily FT team has worked to empower the people through dispensing knowledge of the emerging economy of Sri Lanka. Our belief is simple but pervasive. Since the end of a brutal three-decade conflict in 2009, Sri Lankans have been steadfast in their single-minded ambition to create
- Ex-CB Chief disassociates with writer ‘Sunil Mendis’ (Category: Business)
- Honoured for driving marketing in Sri Lanka (Category: Business)
- Ranil brush up! (Category: Business)
- Daily FT commends MTI for strategy and research (Category: Business)
Amidst tumbling value in the Colombo bourse, the Government’s Revival Bill suffered a fresh blow when rating agency Moody’s yesterday warned of investor uncertainty and negative impact whilst a fresh Fundamental Rights case was filed against new legislation. Triple adverse developments or reactions were despite the Government remaining hell bent in its continued justification of ...
- Fitch joins chorus, says nationalisation law could hinder investment (Category: Business)
- Sri Lanka’s takeover bill negative for investment - Moody's (Category: Breaking News)
- Harsha reminds Rajapaksa Govt. of Sirimavo’s fall after nationalisation (Category: Business)
- Economist Intelligence Unit says Expropriation law raises investor concerns (Category: Business)
With the dawn of peace after the cessation of the three-decade conflict in the country, the economy of Sri Lanka witnessed a considerable expansion in all three sectors. Year 2010 recorded a significant enhancement in the Gross Domestic Product (GDP) by 8% and the first half of 2011 recorded
- Sri Lankan F&B industry: What’s next? (Category: Business)
- Sunquick Lanka brings home best country award (Category: Business)
- Need for a consumer society (Category: Business)
Union Bank of Colombo PLC (UBC) together with ShoreCap II Limited of USA, an International foreign investment Fund, has acquired over 98% of the voting shares of The Finance and Guarantee Company Ltd. (TF&G), infusing Rs. 1.1 billion in new capital to resurrect one of Sri Lanka’s oldest finance companies. Previously Union Bank acquired National ...
- UBC and ShoreCap buy TF&G (Category: Breaking News)
- Fresh start for TF&G with Union Bank acquisition (Category: Business)
- UB Finance endeavours to deliver a unique proposition of economic and social value (Category: Business)
- Janashakthi Insurance partners with Union Bank for bancassurance (Category: Business)
The tourism industry is at the zenith in Sri Lanka today. So is cricket. We won the World Cup in 1996. Thereafter we became runners up twice, which is a rare distinction. There are ups and downs in any game. Cricket is no exception. But the fact that we are in the zenith of the ...
- Pakistan announce itinerary for Australia series in UAE (Category: Business)
- Dilshan’s future as captain looks uncertain (Category: Business)
- Pakistan to give own award to Ajmal after ICC omission (Category: Business)
- We can beat Pakistan: Dilshan (Category: Business)
Highlights include resettlement, Economic development newsWASHINGTON: Sri Lanka’s Ambassador to the United States and Mexico Jaliya Wickramasuriya, is featured on a new webcast produced by the Embassy of Sri Lanka. During the webcast, Ambassador Wickramasuriya discusses post-conflict resettlement, reconciliation and development in Sri Lanka. He calls on members of the Sri Lankan community in...
- USAID: Celebrating our shared values (Category: Breaking News)
- US Ambassador commends resilience of Sri Lankans in the face of terrorism (Category: Breaking News)
- President Obama announces new US ambassador to Sri Lanka and Maldives (Category: Breaking News)
- New US Ambassador presents credentials to President (Category: Breaking News)
By Jude Fernando Another humiliating defeat for the United National Party (UNP) and the Janatha Vimukthi Peramuna (JVP) in the forthcoming elections would certainly improve the country’s future prospects for democracy with equality and justice. A UPFA victory could be celebrated with a sense cautious optimism: perhaps it will enable the evolution of a democratic ...
- Making Sense Of The UNPs Elusive Victory In The Colombo MC (Category: Breaking News)
- It’s a long way to the Arab Spring in Sri Lanka (Category: Business)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
- Reflecting On 34 Years: The JVP & The Legacy Of Comrade Rohana Wijeweera (Category: Breaking News)
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