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The Silvas are at it again. A week dominated by news of political brats on the rampage once more, this time directing their rage at an Army Major, ended with the soldier recanting his story and the two main suspects in remand being transferred to prison hospital on “medical” advice. The whole incident smacked of ...
- Blake says visit positive, key challenges remain (Category: Business)
- The Ides Of March Comes Around To A Rajapaksa Regime (Category: Breaking News)
- US – India Alliance Puts Pressure On Sri Lanka (Category: Breaking News)
- Political pickles and quicksilver fortunes (Category: Business)
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 ...
- Corporatism: A step beyond state capitalism (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- Impunity: Unequal before the law (Category: Business)
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
- The other red meat (Category: Australia, Tasmania )
- Battle of the superfoods (Category: Business)
- Mervyn Silva offers she-goat to Goddess Kali (Category: Breaking News)
- Marauding goat Billy attacks trio (Category: Australia, Victoria)
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
- More than ever, businesses must think ‘what if’ (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Emirates receives 1,000th Boeing 777 (Category: Business)
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
- Why Lion leads frontier (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Value investors enter as speculators exit (Category: Business)
‘Shakthi’ fundraiser by Emerge Lanka Foundation today ‘Shakthi, a Celebration of Femininity,’ a fundraiser for Emerge Lanka Foundation to spread awareness about sexual assault/abuse through artistic avenues, will be held at Barefoot Café today, 21 July, from 6 to 10 p.m. Emerge Global is dedicated to empowering young women around the world who have ...
- All Ceylon Muslim Women’s Association celebrates Diamond Jubilee (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Zonta launches mentorship programme (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
All newspapers carried headlines a few days ago stating that May 2012 tourist arrivals have increased by 17.5% from last year. It is reported that the May arrivals of 57,506, was higher than even that of April, which showed only a 9% increase YOY. So far, total arrivals for 2012 up to end May is ...
- Showcasing Sri Lanka and driving demand (Category: Business)
- 2012, another positive year for tourism – BMI (Category: Business)
- More hotels to satisfy demand (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
- High raw material cost sends Tokyo Cement 1Q profit down despite 33% rise in sales (Category: Business)
- Sampath Bank profit tops Rs 2 bn (Category: Breaking News)
- Mobitel profit exceeds Rs 200 million in Q1 (Category: Breaking News)
- CT Holdings ends FY12 on a high with stellar 4Q (Category: Business)
Egypt’s presidential hopefuls have had to zip their lips before voting starts, but there is no stopping the songs that pump up their virtues in styles ranging from hip-hop to folk. For the first time Egyptians get to pick their leader in voting on Wednesday and Thursday in a fiercely contested race enlivened by ...
- Egypt ups security after Israel embassy violence (Category: Business)
- Egypt to formally seek IMF financing – Minister (Category: Business)
- CCC expands wings to Egypt (Category: Business)
- Egypt president recalls parliament, generals meet (Category: Business)
The Economist: Sarath Fonseka, Sri Lanka’s former Army Chief, emerged through the brown gates of the Welikada prison on 21 May, blowing kisses to his ecstatic supporters and declaring a vow to fight unto death for democracy. The bright-green balloons his supporters had brought earlier that morning were already flat after hours in the sun. ...
- Tiran and Mahinda discuss Fonseka’s release (Category: Business)
- T-junction in the road (Category: Business)
- Sarath Fonseka will be released soon, says President (Category: Business)
- Fonseka says ‘Government must go’ (Category: Business)
Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...
- Fonseka says ‘Government must go’ (Category: Business)
- Sarath Fonseka will be released soon, says President (Category: Business)
- Letting the General out of the bottle (Category: Business)
- Sarath Fonseka gets conditional bail (Category: Business)
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
- Storms brewing in teacups (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- SL must become a tea nation, but… (Category: Business)
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
- WB cuts China growth forecast to 8.2% (Category: Business)
- Challenging times for Asia Pacific (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)
By Dr. Laksiri Fernando Sri Lanka’s independence on 4 February 1948 was never a final act, but a major landmark in a process of evolution from colonialism to independence and underdevelopment to development. It is truly a process of internal emancipation. It is the 63rd anniversary of this landmark or the 64th Independence Day that ...
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Invest in education (Category: Business)
Stock market plunges further; Rs. 69 b in value wiped off One year loss of value is a staggering Rs. 766 b EPF and foreign buying saves Bourse after near 5% crash Rupee dips to all-time low of Rs. 120; likely to settle down though triggering panic in import trade Crisis could be an understatement ...
- ‘Boom’ is back? (Category: Business)
- Stock market dip aggravates (Category: Business)
- Investor confidence worsens by the day; bourse loses Rs. 53 b in value (Category: Business)
- CB gives fresh boost to CSE (Category: Business)
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
- Important issues (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
- Sri Lanka’s economy stands to gain from a stronger Europe: German Envoy (Category: Business)
Some important issues for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over: Stiglitz believes that the austerity plans in the EU nations, especially by the debt ridden poorer nations of the group is akin to a collective suicide pact and is an act madness promoted and enforced by ...
- Sri Lanka’s Foreign Ministry to summon Canadian envoy over sanctions (Category: Breaking News)
- Online Safety Bill & Anti-Terror Bill – Law Making To End Democracy & Fundamental Rights Of Sri... (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
Text and pic by Harsha Udayakantha Peiris Malaka Dewapriya a young cinematographer with a determined mission towards a cinema with a richer conception to uplift the social bases of the communities has launched fieldwork for his first feature on silver screen for the local and international audience, namely, ‘Bahuchithavadiya’ which narrate...
- ‘Arctica’ set to focus the spotlight on Sri Lankan Cinema (Category: Business)
- From science to commercialisation (Category: Business)
- Miscellany By Ranat (Category: Business)
Following is the address delivered by The Hotels Association of Sri Lanka (THASL) President Anura Lokuhetty at the National Conference on ‘The Role of the Business Community in Reconciliation’ organised by Lakshman Kadirgamar Institute for International Relations and Strategic Studies (LKIIRSS): Ladies and gentlemen, throughout the history of mankind, humankind has searched for ...
- Young Sri Lankan Diaspora and UK Parliamentarians visit Sri Lanka (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
- Community tourism to be developed to differentiate country from the region (Category: Business)
- Economic management and the way forward (Category: Business)
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
- A resolute Sri Lankan economy (Category: Business)
- Robust Roadmap! (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- CB says S&P’s revision unwarranted (Category: Business)
“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” – ...
- W. Bank’s Zoellick says double-dip recession unlikely (Category: Business)
- Flashing red - European debt crisis signals collapse of social welfare state (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- G20 backs Europe’s plans for overhaul to fight crisis (Category: Business)
Brief analysis of corrupt public expenditure in Sri Lanka Lessons from China or Tunisia? Just few months ago, in response to a public outcry for more accountability and transparency in the use of public funds, the State Council, which is the Cabinet in the Chinese Government, directed 98 public institutions including ministries to make public ...
- Corrupt public expenditure in Sri Lanka: Waste misgovernment and extravagance (Category: Breaking News)
- Sri Lankan elections: A new dimension (Category: Business)
- From “Gota’s War” To War Against Gota; Aragalaya’s Historic Strike! (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
The South Asian Corruption Barometer released by Transparency International Secretariat in Katmandu on Thursday indicates findings that suggest that corruption is still perceived a problem in Sri Lanka, with some 49% of Sri Lankan respondents claiming corruption was on the increase while only 19% thought there was no change. The new survey covers six South ...
- Survey reveals Lankans bribe tax authorities than other services (Category: Breaking News)
- War-hit countries 'most corrupt' (Category: Breaking News)
- Lanka shows marginal improvement in corruption perception index of TI (Category: Breaking News)
- Sri Lanka has marginally improved in tackling corruption (Category: Breaking News)
Range of sectors discussed for investments during meeting between Qatar Premier and Economic Development Minister Basil Rajapaksa Range of sectors discussed for investments during meeting between Qatar Premier and Economic Development Minister Basil Rajapaksa (strap) Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs in Qatar together with Yousf K...
- Basil woos for more from Japanese investors in Sri Lanka (Category: Business)
- Peaceful Sri Lanka: Emerging investment destination for France, UK (Category: Business)
- Sri Lanka to strengthen bilateral ties with Qatar during Premier’s visit (Category: Business)
- Qatar Prime Minister to arrive in the country tomorrow (Category: Breaking News)
By Cassandra Mascarenhas The Sri Lanka Institute of Directors (SLID), as part of its ‘Power Evening’ series of events, presented an eclectic combination of chairmen from leading organisations in the country last week and at the occasion delved into the subject ‘Performing While Conforming – What the Textbooks Don’t Teach You’ by sharing experiences from ...
- Positioning Sri Lanka in the global economy (Category: Business)
- SLID to present a rare combination at ‘Power Evening’ (Category: Business)
- The evolution of the role of marketers (Category: Business)
- Corporate social responsibility and sustainability practices (Category: Business)
Last week my phone beeped and the text message read ‘The Chairperson of the Security and Exchange Commission Indrani Sugathadasa had resigned citing reasons of values and principles for her resignation’. My mind went back to the time when this lady when she was the Board Director at EDB. Whenever tough decisions had be taken ...
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- The changing face of brand Sri Lanka (Category: Business)
- Govt. to abolish duty-free vessel imports to boost $ 500 m boating industry (Category: Business)
IN 2010, the boost for Sri Lanka tourism was being named the top travel destination by the New York Times. As the dawn of 2012 emerges the plus point is being among the top six of National Geographic’s best global destinations. Upbeat on tourism, the Government is considering a target of 950,000 arrivals for 2012 ...
- Israel tourism slips 2.4% to 3.36 m in 2011 (Category: Business)
- Chamber of Tourism and Industry Chief meets UNWTO Regional Director (Category: Business)
- Increased tourism numbers expected (Category: Western Australia)
- Sri Lanka discussed to get UNWTO help (Category: Breaking News)
UNP Co-Deputy Leader Karu Jayasuriya The Budget lacks direction and is neither here or there. For the consumer, it is inflationary; nor does it instil investor confidence. It has a political aim but lacks an economic aim. Furthermore, it does not address the productivity of employment; nor does it address the salaries of professionals and ...
- Blame tough decisions, says Rann (Category: South Australia)
- Vic Govt begins budget sell (Category: Australia, Victoria)
- Muzammil’s moves to deliver on manifesto (Category: Business)
- Govt. takes vengeance on private sector over pension bill – JVP (Category: Business)
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