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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 ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (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)
Standing tall at six feet 10 inches, and surging towards stardom with Seylan Bank is Sri Lankan netball skipper Tharjini Sivalingam – the world’s tallest netballer, and considered the best player within the Asian Netballing Circuit. Swift in spotting and supporting local sporting talent, the Lankan netball queen is presently employed at Seylan Bank in ...
- Tharjini pilots Seylan Bank to victory (Category: Sports)
- Seylan’s Tharjini Sivalingam Standing Tall And Surging Towards Stardom (Category: Business)
- Fitch affirms Seylan Bank at ‘A-’, Outlook stable (Category: Business)
- Union Assurance rewards top Bancassurance performers in Seylan Bank (Category: Breaking News)
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)
Foreigners most bullish with net buying up 20% or Rs. 5 b; Market’s value up by Rs. 48 b between 20 July and 24 Aug. Despite original reservations by some that President Mahinda Rajapaksa shouldn’t have met with capital market stakeholders, the Colombo stock market has proved otherwise, with the most bullish being foreign investors. ...
- Bourse set for fresh burst; ASI likely to erase YTD negative return this week (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Invest In Stocks With Good Valuations (Category: Breaking News)
- Malik moves out, market makes merry! (Category: Business)
Fitch examines financing alternatives to the current predominant international borrowingsBy Cassandra Mascarenhas Discussing new investment opportunities and financing structures for Sri Lankan private sector entities to enter the current government dominated infrastructure financing in the country, Fitch Ratings Lanka hosted a seminar titled ‘Fitch Perspectives’ last week, featuring F...
- Fitch issues first Sri Lankan fund rating (Category: Business)
- Fitch assigns Ceylon Income Fund an ‘A-(lka)’ rating (Category: Breaking News)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Fitch labels Lanka a ‘highest-risk financial system’ (Category: Business)
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)
Sunil S. Sirisena has been appointed as the new Chairman of the National Savings Bank with effect from 13 August 2012. He is a senior officer in the Sri Lanka Administrative Service and prior to this, he has served as the Secretary to the Ministries of Education, Co-operatives and Internal Trade and Foreign Employment Promotion ...
LOLC Group Managing Director and CEO Kapila Jayawardena and Executive Director Kalsha Upekha Amarasinghe have joined the Board of Brown and Company as Non Executive Directors. The move follows LOLC acquiring 55% effective control of Brown and Company recently via a Rs. 1.3 billion deal.Despite selling out his stake, Ajith Devasurendra remains as Non Executive ...
- Lanka ORIX Finance PLC opens Rajagiriya branch (Category: Business)
- Lanka Orix Seeks Funding for Coastal Hotel Resort Complex to Open 2013 (Category: Breaking News)
- BOC lends Rs. 1.5 b for LOLC expansion (Category: Business)
- LOLC donates storage equipment to Nawalapitiya General Hospital (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)
Marketing process for sales persons Under the marketing concept, the firm must find a way to discover unfulfilled customer needs and bring to market products that satisfy those needs. The process of doing so can be modelled in a sequence of steps: the situation is analysed to identify opportunities, the strategy is formulated for a ...
- How to develop an effective marketing plan (Category: Business)
- Building the customer experience in business-to-business relationships (Category: Business)
- The brand gap (Category: Business)
- Godrej Locks enters market with aggressive growth plans (Category: Business)
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 ...
- Achieving economic goals amidst global challenges (Category: Business)
- Signs of an economic doomsday… is there a way out? (Category: Business)
- Positioning Sri Lanka in the global economy (Category: Business)
- Development-led globalisation (Category: Business)
Association of Professional Bankers (APB) – Sri Lanka, the country’s premier professional body for career bankers will hold its 24th Anniversary Convention on 13 and 14 August at the Cinnamon Grand on the theme ‘Sustainability in volatility: the bankers’ challenge’. The annual convention is APB’s key learning and development activity that brings together leading...
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Professional Bankers’ AGM tomorrow (Category: Business)
- Presentation on banking for non bankers (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
The Sri Lanka Economic Association or SLEA, the long-standing professional body of economists of Sri Lanka, has published some selected papers presented at its Annual Sessions in October 2011 in a volume titled ‘Achieving Economic Goals in the Midst of Global Challenges,’ the theme of the sessions. The volume, edited by two veteran economists – ...
- SLEA to release book on ‘Achieving Economic Goals in the midst of Global challenges’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
CONSISTENT policies have always been a challenge for Sri Lanka, but its importance has been brought to the forefront yet again by the Sri Lanka Economic Summit that wrapped up on Thursday. Right from the onset, it was clear that the oft-repeated but rarely-listened-to issues were to dominate the three-day conference with economists, politicians and ...
- Mindset Change (Category: Business)
- âSri Lanka has what it takes to be Wonder of Asiaâ â World Bank (Category: Breaking News)
- Budget Hopes (Category: Business)
- Discussions with Sri Lankan authorities constructive and productive – IMF Team (Category: Breaking News)
By Cassandra Mascarenhas The Ceylon Chamber of Commerce-organised Sri Lanka Economic Summit kicked off yesterday, with an emphatic message to both the Government and the private sector that challenges are mounting and success as a nation will depend on a strong collective effort to be competitive. Delivering a keynote address peppered with bold remarks, World ...
- Business Today TOP TWENTY (Category: Breaking News)
- ඒස් කැපිටල් කළින්ම දිනයි (Category: Sports)
- Heavy showers about 100mm are likely at some places in Western, Central, Sabaragamuwa and Uva pr... (Category: Breaking News)
- Heavy showers about 100mm are likely at some places in Southern, Central, Eastern and Uva provin... (Category: Breaking News)
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 ...
- Lion leads frontier markets (Category: Business)
- Young political guns speak up for economy (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
- Sustainability in volatility: The bankers’ challenge (Category: Business)
The Oxford Dictionary tells us that being ‘happy’ is being cheerful with feelings of pleasure or satisfaction. ‘Satisfaction’ is, in turn, when you are pleased because you have achieved something or because something has happened as you wanted it to. A synonym is being ‘content’ – being happy and satisfied with what you have. Rulers ...
- Achieving economic goals amidst global challenges (Category: Business)
- Transforming education in Sri Lanka (Category: Business)
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 ...
- Achieving economic goals amidst global challenges (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
Top economist and public servant R.A. Jayatissa has recently assumed duties as the Chairman of Sri Lanka Insurance Corporation. Previously the SLIC Chairmanship was held by President’s Chief of Staff Gamini Senerath. Jayatissa, an economist, was the Deputy Secretary to the Treasury and Senior Economic Policy Advisor to the Ministry of Finance and Planning. He ...
- WatchTower (Category: Business)
- Can Read (Category: Business)
- Dissenting Voice (Category: Business)
- Trajectory (Category: Business)
Nations Trust Bank (NTB) is pleased to announce the appointment of Indrajith Boyagoda as Deputy General Manager, Treasury. He joined NTB on 5 June. Boyagoda joins NTB from SAMBA Financial Group, the premier financial services provider in the Kingdom of Saudi Arabia, where he functioned as the Assistant General Manager/Program Director, Treasury and Capital Markets, ...
- NTB to raise $ 35 m from overseas to expand credit growth to 23% (Category: Business)
- Loan Growth (Category: Business)
- Northern Reach (Category: Business)
- Margin Growth (Category: Business)
Senior banker K. Dharmasiri yesterday assumed office as the new General Manager at Bank of Ceylon. He succeeded W.A. Nalani who retired last week after a 37 year stint. Prior to elevation as the General Manager, Dharmasiri who joined BOC in 1975, was the Additional General Manager (Recovery), a post which he assumed in June ...
- BOC and Mashreqbank Officials exchanging the syndicated loan agreement (Category: Breaking News)
- Sri Lanka’s BOC secures a US$ 190 mln syndicated loan (Category: Breaking News)
- DIMO organises ‘Riya Pola’ with BOC (Category: Business)
- Bank of Ceylonâs U.K.Subsidiary will commence operations on August 13 (Category: Breaking News)
The Institute of Policy Studies of Sri Lanka (IPS ) and the South Asia Watch on Trade, Economics and Environment (SAWTEE) ) have organised a South Asia regional seminar entitled, ‘Emerging Issues on Trade, Climate Change and Food Security: Way Forward for South Asia,’ from 31 May to 1
- Climate change impacts trade, food security – Minister Yapa (Category: Business)
- Climate change ‘biggest threat’ to food security (Category: Business)
- The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems (Category: Breaking News)
- China must develop a more consensual approach to Himalayan water (Category: Breaking News)
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)
By an Analyst There is no doubt and there is near unanimity that overregulation by the previous Securities and Exchange Commission arising from inexperience, lack of knowledge and lack of correct strategies was the prime cause for the market collapse witnessed today. The SEC without any foresight and professionalism has introduced ad hoc legislation detrimental ...
- Serious decline of the stock market under the present SEC (Category: Business)
- Broker Credit Drives Up Market (Category: Breaking News)
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
- Majority of brokers recommend PLC IPO as buy (Category: Business)
An internship with MAS Holdings, Deutsche Bank and DialogCorporate heavyweights MAS Holdings, Deutsche Bank and Dialog Axiata PLC are in search of the next batch of exceptional interns to join their annual Summer Internship Program, commencing July 2012. This joint initiative is rated one of the best internship programs in the island and has been ...
- Major summer internship program kicks off (Category: Business)
- MAS-Deutsche Bank-Dialog Summer Internship Program ends successfully (Category: Business)
- Deutsche Bank rolls out new integration solution for Dialog Axiata (Category: Business)
- Dialog empowers 7.5m with mobile money transactions (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)
HelpAge International received the Hilton Humanitarian Prize at the Global Philanthropy Forum in Washington, D.C. on Monday, 16 April. HelpAge International is the only global organisation with a singular focus on providing assistance to and advocating for disadvantaged older people. It helps older people claim their rights, challenge discrimination and overcome poverty, so that they can ...
- HelpAge wins world s largest humanitarian award for 2012 (Category: Breaking News)
- HelpAge Wins World’s Largest Humanitarian Award For 2012 (Category: Breaking News)
- HelpAge International wins $ 1.5 m Hilton Humanitarian Prize (Category: Business)
- Hilton’s award goes to The Island President (Category: Business)
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