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By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne on Tuesday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to ...
- Tilak insists no overregulation (Category: Business)
- New SEC Chief says won’t turn blind eye to robbers invading bourse (Category: Business)
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
- SEC Chief tells world via Reuters he is under “immense pressure to resign” (Category: Business)
The Lanka Micro Finance Practitioners Association (LMFPA), as the apex body of MFIs, in its bid to address and create awareness about development and current status of the industry including best practices commenced a series of Enabling Dialogues, where CEOs, general managers, directors of companies engaged in micro-financing (including licensed commercial banks and non-ban...
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
- Rs. 120 m Trade Finance and Investment IPO oversubscribed (Category: Business)
- Veteran banker P.V. Pathirana joins CIFL (Category: Business)
According to figures collected by PATA, international visitor arrivals into Asia Pacific destinations during May 2012 show a collective gain of 3% year-on-year. This is the second consecutive month with a declining growth rate. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up ...
- Asia Pacific enjoys impressive tourist arrivals growth (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
The much-longed-for monsoon rains are lashing at the capital Colombo and other parts of the south west as Sri Lanka gears up for yet another provincial election and international challenges pertaining to its post-war accountability and reconciliation plans in the days and weeks ahead. The much-longed-for monsoon rains are lashing at the capital Colombo and ...
- Sri Lanka's main opposition accuses government of using sacred relics for election propaganda (Category: Breaking News)
- Kapilavastu Relics exposition in SL after 33 years (Category: Breaking News)
- India rejects request for Kapilavastu exposition at Temple Trees (Category: Breaking News)
- Towards impunity and democratic erosion (Category: Business)
Sincere apologies, Hamlet! This distortion is to highlight the current impasse and to stress the need for thinking beyond short-term situational measures. The impasse is in getting the public university system going and in dealing with demands without forgetting that there is a nation in waiting and the vision for it involves that it should ...
- This Fourth of July! (Category: Business)
- Education reforms for ‘disciplined development’ in Sri Lanka (Category: Business)
- Universities in crisis: Key learnings (Category: Business)
- Nation branding: A holistic perspective (Category: Business)
Reuters: China’s top state newspaper warned the visiting US Secretary of State Hillary Clinton on Wednesday not to seek advantage from tensions in the South China Sea, ahead of talks likely to focus territorial disputes and other sources of discord. Beijing and Washington have both stressed hopes for steady ties, especially as they confront domestic ...
- Resource Conflict (Category: Business)
- Philippines’ Marcos says he remains firm in defending sovereignty (Category: Breaking News)
- Obama’s Asia “pivot” advances, but obstacles await (Category: Business)
- China top military paper warns of armed confrontation over seas (Category: Business)
By Devin Jayasundera Former Securities Exchange Commission (SEC) Chief Tilak Karunaratne yesterday rebuked allegations of over regulation and ad hoc measures as having impacted the stock market during his tenure and noted that the SEC Act should be strengthened further to punish manipulators. “What some of the crony brokers and dishonest investors try to project ...
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
- Market must earn confidence to be more attractive for investors: SEC (Category: Business)
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- IMF joins chorus against SEC Chief’s exit (Category: Business)
Reuters: Asian shares eased on Tuesday on concerns over weakening regional and global economic activity, but expectations of more stimulus from central banks and hopes for progress in tackling Europe’s debt crisis lent support. European equities were seen flat to lower, with financial spreadbetters calling London’s FTSE 100, Paris’s CAC-40 and Frankfurt’s DAX to open ...
- Asian shares rise on ECB hopes despite uncertainty (Category: Business)
- Asian shares pause, guarded stimulus hopes from ECB, Fed (Category: Business)
- Asian shares extend gains on stimulus hopes, euro capped (Category: Business)
- World stocks off early highs ahead of US jobs (Category: Business)
Government agencies are among the most complex organisations in nearly every country in the world. They often are large, have multiple objectives, and face increasing demands to deliver more services at a lower cost. As a result of this complexity, a government is faced with many organisational issues, including: redesigning their organisations and their interaction ...
- Private Sector Health Service Act to be Reviewed (Category: Breaking News)
- Union slams redundancy plans (Category: Western Australia)
- Due place given to the public and private sectors (Category: Breaking News)
- Ontario taxpayers finance Highway 401 service centre makeovers (Category: Canada, Ontario)
All Sri Lankan universities except for the medical faculties have been closed down, but for most citizens, who have observed crisis after crisis in the education sector, this latest development is nothing new. The big difference is currently it is the university teachers who are on strike, not the students. The teachers’ main demands are: ...
- Chaos in universities: A solution? (Category: Business)
- Cleaning university mess: Role of the academics and the State (Category: Business)
- Reform of university education (Category: Business)
- English as medium of instruction at Law College (Category: Breaking News)
SRI LANKA’S rubber industry is wary over the possibility of increased prices as the world’s top producers gather to stabilise global prices this week, raising age old questions over productivity, replanting, value addition, technology infusion and a host of other issues. The Three-Nation Rubber Products International Conference in Bandung, Indonesia, this week will see ...
- Global rubber output seen up 2.6% in 2012: ANRPC (Category: Business)
- 2012 global rubber output forecast cut after Q1 fall (Category: Business)
- Ministry takes steps to increase production of rubber (Category: Business)
- CRTA wary on prices as major rubber producers curb exports (Category: Business)
In an exclusive interaction with the Gamechanger Team on the sidelines of the SLPL match between Basnahira Cricket Dundee and Uva Next, the Secretary of Sri Lanka Cricket Nishantha Ranatunga opened up with his thoughts on the Mahindra Sri Lanka Premier League, its future in the Sri Lankan cricket system and what it would do ...
- SLPL boost for tourism next month (Category: Business)
- Sri Lanka Premier League forges ahead (Category: Business)
- Brian Lara, MCC Chief lift SLPL to the world (Category: Business)
- Sri Lanka Premier League (SLPL) to begin from August 10 (Category: Sports)
Transparency International Sri Lanka (TISL) yesterday called upon the government to take necessary actions to resolve the present situation at the Securities and Exchange Commission (SEC) in a manner that will not negatively impact on market confidence.
By Cheranka Mendis Attempts by the three major rubber producing countries – Thailand, Indonesia and Malaysia – to stabilise the market price of rubber by restricting exports and raising prices will propel local the rubber industry to follow suit with similar rises. Colombo Rubber Traders Association Chairman M.S. Rahim told the Daily FT that if ...
- No bounce at 2012’s first Colombo rubber auction (Category: Business)
- No takers for rubber! (Category: Business)
- FACTBOX:How Asia’s rubber producers intervene on prices (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
Placed amidst of wave of opportunity, today Sri Lanka is poised for exponential growth and sustainable economic development. In this context of emerging national prosperity, exports irrefutably play a pivotal role in driving the much anticipated economic progress. Exports are the main foreign exchange earners for the country and present many prospects for growth and ...
- Union Bank principal sponsor for 20th Annual NCE Awards (Category: Business)
- Mobitel sponsors Annual NCE Export Awards for 7th consecutive year (Category: Business)
- Union Bank Principal Sponsor for 19th Annual NCE Awards (Category: Business)
We are seeing action taken by trade union university academics and staff. All students, parents, teachers and public, have united to deal with the progressive decline in decades of mismanagement and politicised decision making in what is the countries most important sector. Providing a strong basic easily available education is one of the important pillars ...
- Friday Forum on crisis in the education sector (Category: Business)
- The Long March To Nowhere (Category: Breaking News)
- Treatment of Academia: This govt is the worst in post - colonial Sri Lanka (Category: Breaking News)
- Universities in crisis: Key learnings (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: The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve. Gross domestic product expanded at a 1.7% annual rate, the Commerce Department said on Wednesday, as stronger export growth offset a ...
- Cautious consumers, foreign trade curb second quarter growth (Category: Business)
- U.S. jobless rate drops to 2-1/2 year low (Category: Business)
- Malaysia’s GDP jumps in Q2 on strong consumption, investment (Category: Business)
- US growth easing after strong 4th quarter: Fed Chief Bernanke (Category: Business)
WASHINGTON, (Reuters): Singapore’s economy is set to weaken this year on the back of weaker global demand and related international financial and trade strains emanating from the euro zone debt crisis, the International Monetary Fund said on Monday. “Under the benign global baseline scenario, growth is forecast to soften this year to just below 3 ...
- Sri Lanka, the fastest growing Asian economy after China (Category: Breaking News)
- Sri Lanka: Shanmugaratnam in short list of possible IMF successors (Category: Breaking News)
- StanChart eyes $ 3 b Singapore revenue in three years (Category: Business)
- Singapore set for five-year F1 contract extension (Category: Business)
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
- Promoting productive social protection (Category: Business)
- MBSL seminar on ‘Implications of the new Finance Business Act’ on 19 September (Category: Business)
- The loud voice of economists: Reform or perish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
Reuters: The euro edged down and European stocks opened lower on Tuesday as the weak economic outlook and uncertainty over the European Central Bank’s plans to contain the region’s debt crisis combined to put investors in a cautious mood. Markets were also waiting for the outcome of a gathering of central bankers and economists in ...
- Market Jitters (Category: Business)
- Currency Moves (Category: Business)
- Pain Ahead (Category: Business)
- Euro Jitters (Category: Business)
Reuters: Gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant. The Fed had room to deliver additional monetary stimulus to stoke economic growth, said the central bank’s chief Ben Bernanke, boosting anticipation for easier ...
- Live: Titans v Bulldogs (Category: Australia, Queensland)
- Life-long hangover (Category: Australia, Queensland)
- Schoolies make their mark (Category: Australia, Queensland)
- Gold to drop in Q1, far from retesting record high: Reuters poll (Category: Business)
Given first half performance, believes several 2012 Roadmap targets will be missed UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday claimed that most of the Central Bank’s 2012 Roadmap targets were likely to be missed, based on below par performance on the external trade front during the first half. ...
- Harsha renews call for swift action against NSB-TFC deal makers (Category: Business)
- Readying for a fight? (Category: Business)
- Central Bank emphatic dollars are coming (Category: Business)
- Imports swell, exports lose steam (Category: Business)
REUTERS: US astronaut Neil Armstrong, who took a giant leap for mankind when he became the first person to walk on the moon, has died at the age of 82, his family said on Saturday. Armstrong died following complications from heart-bypass surgery he underwent earlier this month, the family said in a statement, just two ...
- Neil Armstrong, the first man to walk on the moon, dies aged 82. (Category: Breaking News)
- US astronaut Neil Armstrong dies (Category: Technology)
- VIDEO: Memorial for first man on Moon (Category: Technology)
- China puts its first woman astronaut into orbit (Category: Business)
By Shanuka Tissera Leading bankers were given the opportunity to discuss the method of approvals of OPIC funding and political risk insurance, facilitated by the International Executive Service Corps (IESC) and the American Chamber of Commerce Sri Lanka (AMCHAM) for US equity sponsored projects. The keynote address was delivered by the Governor of the Central ...
- Lion leads frontier markets (Category: Business)
- Commercial Leasing and Finance maintains impressive growth in profits (Category: Business)
- AmCham to promote fixed rate, low cost financing from USA (Category: Business)
- AmCham partners with ISEL to bring in US investment to Sri Lanka (Category: Business)
Reuters: Tanzania has suspended the head of its ports authority and six other senior port officials over allegations of cargo theft and embezzlement of public funds, the transport ministry and local media said on Friday. The government is struggling to crack down on corruption in ministries and state institutions, with the public losing patience at ...
- Allegations do not affect SLPL integrity – Organisers (Category: Business)
- Bin Hammam’s life ban overturned by CAS (Category: Business)
- Yemen’s Aden Port to cancel DP World deal (Category: Business)
- Five IPL cricketers suspended on corruption allegations (Category: Business)
SANAA (Reuters): The port authority in the Yemeni city of Aden has begun contacts with Dubai government-owned port operator DP World on cancelling a contract to manage Aden port, a senior Yemeni Transport Ministry official said on Sunday. “The board of Gulf of Aden Ports Corp decided to cancel the agreement with DP World. There ...
- DP World sells Yemen port venture stake (Category: Business)
- DP World’s Aden terminal handles its biggest-ever ship (Category: Business)
- Port Profits (Category: Business)
- DP World restructures Belgian ops with $ 61 m sale (Category: Business)
Good governance activist and former Ceylon Chamber of Commerce Chairman Chandra Jayaratne has called for an Ethics Guide for Public Service. This suggestion has been shared with several professional organisations such as the Organisation of Professional Associations, Sri Lanka Economic Association, the Institute of Chartered Accountants of Sri Lanka, Ceylon Chamber of Commerce, and Bankers ...
- COPE: Exposure and beyond (Category: Business)
- A Budget for all! (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- SEC succumbs! (Category: Business)
Reuters: Asian shares retreated from a two-week high on Friday as investors scaled back their expectations of strong stimulus from the US Federal Reserve and fretted about economic growth after manufacturing surveys from the euro zone and China depicted a bleak outlook. Senior Fed official James Bullard said US data had been somewhat better since ...
- Asian markets cheered by Fed rate outlook (Category: Business)
- Asian shares up after Fed minutes, China weighs (Category: Business)
- Asian shares extend gains on stimulus hopes, euro capped (Category: Business)
- Stocks firm, dollar languishes after QE3 stimulus (Category: Business)
Reuters: Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures. President of the Indian National Congress Sonia Gandhi Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world ...
- Merkel tops powerful women list, Nooyi, Gandhi in top 10 (Category: Business)
- Hilary Clinton is the world's second most powerful woman (Category: Breaking News)
- Sonia hopes for suitable outcome on Sri Lanka (Category: Breaking News)
- Ailing matriarch Sonia puts Gandhi dynasty at crossroads (Category: Business)
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