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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)
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 ...
- Make preparations count (Category: Business)
- Govt. readies for next UN session with national plan for human rights (Category: Business)
- Govt. appoints ministerial committee on human rights ahead of UNHCR sessions (Category: Business)
Reuters: China’s factories contracted in August the most in nine months according to a survey showing falling export orders and rising inventories, signs that more policy action is probably needed to stop a slowdown in economic growth now in a seventh quarter. The HSBC Flash China manufacturing purchasing managers index (PMI) fell to 47.8 in ...
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- China manufacturing shrinks for 11th month (Category: Business)
- China May factory activity turns down – HSBC Flash PMI (Category: Business)
- China factory sector shrinks most in 32 months (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)
WASHINGTON (Reuters): Economic growth slowed in the second quarter as consumers spent at their slowest pace in a year, increasing pressure on the Federal Reserve to do more to bolster the recovery. Gross domestic product expanded at a 1.5% annual rate between April and June, the weakest pace of growth since the third quarter of ...
- Sri Lanka economy grows by 8.0% in third quarter 2010 (Category: Breaking News)
- Sept-qtr GDP growth seen slowest in over 2 years (Category: Business)
- Sri Lanka achieves highest economic growth rate (Category: Breaking News)
- Economy grew more slowly in summer than thought (Category: USA, South Carolina)
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)
MILAN/LONDON (Reuters): Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5 million), the latest purchase of a top European luxury brand by an emerging market investor. The luxury label loved by Jacqueline Kennedy Onassis and Audrey Hepburn said on Thursday that Mayhoola for Investments S.P.C, an ...
- Valentino in exclusive sale talks with Qatar (Category: Business)
- Rossi pays tribute to Simoncelli (Category: Business)
- Singapore railway station gets new life as fashion runway (Category: Business)
- Lorenzo cruises to Italian MotoGP win (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 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)
Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to ...
- US economy mending, oil prices a challenge: Geithner (Category: Business)
- Asia’s economic growth slipping into neutral (Category: Business)
- Happy CB keeps policy rates unchanged (Category: Business)
- Global factories struggle as growth fears rise (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)
A laudable goal that needs much more workSocial justice to be the Government’s development philosophy The development philosophy of the present Government, as pronounced in the Annual Report of the Ministry of Finance and Planning for 2011 released two weeks ago, is a blend of social justice with economic progress (p 14). This is a ...
- Navigating India’s Future: A Deep Dive into Modi’s Governance (Category: Breaking News)
- Sri Aurobindo: Mystical Awareness Supplants Production (Category: Breaking News)
- Making Sense Of The UNPs Elusive Victory In The Colombo MC (Category: Breaking News)
- 1972: A Historic Opportunity Missed (Category: Breaking News)
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)
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
- Globalisation: The challenges (Category: Business)
- Crisis lies in not knowing what higher education is! (Category: Business)
- UNCTAD should address challenges faced by developing world (Category: Business)
- Impunity: Unequal before the law (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
- Two books on Sri Lankan economy launched (Category: Business)
- State of SL economy according to IPS: Grow but make it inclusive (Category: Business)
Reuters: Asian stocks rebounded on Tuesday and the dollar struggled after Federal Reserve Chairman Ben Bernanke said ultra-loose monetary policy was still needed to reduce unemployment even though the U.S. economy has shown signs of improvement. Wall Street stocks had risen more than 1 percent on Bernanke’s comments, which supported views that easy monetary policy ...
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
- Bernanke defends low rate policy for weak economy (Category: Business)
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares fall on unclear US policy stimulus, Europe (Category: Business)
Reuters: Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to make the first concerted challenge to the U.S. grip on the top job at the World Bank, according to sources. The two globally respected economists and diplomats will be nominated for the World Bank presidency by South Africa ...
- World Bank picks health expert Jim Yong Kim as president (Category: Business)
- SL Seeks US$ 500Mn From WB For 2011 (Category: Breaking News)
- World Bank to choose new chief; US pick likely (Category: Business)
- World Bank plans to double development funds (Category: Breaking News)
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 ...
- Development-led globalisation (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
- UNCTAD should address challenges faced by developing world (Category: Business)
- Global trends in investment (Category: Business)
Despite a select few reporting highest-ever profits, the combined figure of 210 companies which have released their financials so far reveals a concerning trend. The cumulative earnings for the quarter ended on 31 December 2011 was Rs. 40.6 billion, up by only 0.56% year-on-year according to broking sources who have tracked corporate results. The 210 ...
- Maersk raises 2012 outlook on freight rate recovery (Category: Business)
- Growth gloom (Category: Business)
- WPP cautious on 2012 after emerging markets help 2011 (Category: Business)
Clouded prospects in developed markets cast a shadow over outlook for trade and economyBy Jonathan Story Two key forces that have driven Asia’s transformation for decades can be counted on to continue apace in the coming year: economic development and China’s rise. Nonetheless, individual Asian countries will struggle to balance domestic and international responsibilities in ...
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
- Bouyant StanChart eyes 10th record year, new hires (Category: Business)
- Asia, not North America, now has most millionaires (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)
Reuters: China will continue to invest in euro zone government debt, the country’s central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China. Zhou Xiaochuan admitted that China and other emerging nations like Brazil, Russia or India were waiting for the right time to help the bloc, ...
- China urges EU to reach debt deal without delay (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
Q: 13 Plus has become the most discussed topic in the political scene. What do you think about 13 Plus? A: Before looking at the 13th Amendment or the 13 Plus, first let us give a chance to the present mechanism. I strongly believe the present mechanism can address the majority of our issues. The ...
- Tamils only want Chelvanayagam’s demands met- not Prabakaran’s - Suresh Premachandran (Category: Breaking News)
- SLMC opposes govt. decision not to allocate land and police powers to the provinces (Category: Business)
- Sri Lanka – Nation Building, Devolution & The 13th Amendment – Part IV (Category: Breaking News)
- TNA and talks travails (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)
Reuters: If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia. Its sister organisation, the International Monetary Fund, warns that economic expansion in China could be slashed ...
- HSBC Asia Pacific reports $ 13.3 b pre-tax profit in 2011 (Category: Business)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (Category: Business)
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Values vs. wealth (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)
Reuters: A new guessing game is about to begin: will China’s incoming generation of leaders show more courage than the current incumbents in tackling deep economic imbalances that threaten to bring growth to a sudden stop? The question, easier to frame than to answer, is critical for the world economy. China has accounted for about ...
- World Bank says China’s economy at ‘turning point’ (Category: Business)
- China economy shows signs of stabilising – NDRC (Category: Business)
- China economy faces risk of hard landing – Govt. economist (Category: Business)
- China warns of trade war if US bill passes (Category: Business)
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