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Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
- Entrepreneur and the profit motive (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
- Governance - Four examples; two bad and two good (Category: Business)
At a time when some major global apparel buyers are shifting their sourcing to low-cost countries like Cambodia, Bangladesh and Vietnam, Sri Lankan garment manufacturers are not only able to retain their current buyers but have also succeeded in luring new buyers. In fact, the Sri Lankan apparel industry has crossed its US$ 4 billion ...
- Service Level (Category: Business)
- Apparel industry leaders to gather in Sri Lankan capital for apparel forum and design festival (Category: Breaking News)
- Buying Shift (Category: Business)
- Overseas clothing retailers start lining back at Sri Lankan doors (Category: Breaking News)
The United States has said it expected the Sri Lankan government to announce a detailed action plan to address the reconciliation and accountability issues when the report of the Lessons Learnt and Reconciliation Commission was released but to date it has not seen any plan from the government on how the recommendations made by the ...
- EU urges Sri Lanka to implement LLRC recommendations promptly (Category: Business)
- US submits draft resolution against Sri Lanka to UNHRC (Category: Business)
- US delegate’s statement introducing the resolution against SL (Category: Breaking News)
- Govt. to release information on war detainees (Category: Business)
Popularly known as the father of insurance in Sri Lanka, Chandra Schaffter is a multi-dimensional person with disarming humility and an outspoken view of life. His 60-odd years in the profession has defined the entire industry and the outspoken risk-taking dynamism of Schaffter in many ways epitomises the home grown entrepreneurial spirit. He describes himself ...
- Janashakthi “most profitable” among all quoted insurance firms (Category: Business)
- Janashakthi Insurance partners with Union Bank for bancassurance (Category: Business)
- Janashakthi Insurance to generate Rs. 8 b this year (Category: Business)
- Janashakthi launches first-of- its-kind dental insurance policy (Category: Business)
The Sri Lankan ministerial delegation attending the 19th sessions of the United Nations Human Rights Council beginning later this month has left for Geneva, Switzerland yesterday. The ministerial delegation led by the External Affairs Minister Prof. G.L. Peiris includes Plantation Minister and President’s Special Human Rights Envoy Mahinda Samarasinghe, Ministers Nimal Siripala De Silva and ...
- Samarasinghe returns to Geneva as Channel 4 readies to release second video (Category: Business)
- Sri Lanka's military denies interfering with the LLRC during its sessions in Mannar (Category: Breaking News)
- It is stressed that international influence against Sri Lanka cannot be taken lightly (Category: Breaking News)
- Sri Lanka's war probe commission attract hundreds in north (Category: Breaking News)
The Ceylon Chamber of Commerce (CCC), the foremost business chamber in Sri Lanka, caters to the business needs of over 3,000 establishments through its direct and indirect membership. The service needs of these organisations are met by the CCC in numerous ways. They include, introduction of local and overseas business links, facilitation of export/import procedures, ...
- CCC provides great opportunities for businessmen and investors (Category: Business)
- It Was Lalith’s Concept (Category: Breaking News)
- The Ceylon Chamber reinforces business ties with Korea (Category: Business)
- CCC reaches out to emerging markets through BRICS-PED (Category: Business)
By Cheranka Mendis The much anticipated HSBC Colombo Fashion Week is now all set to open three days of glamour and fashion related business to the local community starting 24 February. With fashion weeks around the world being identified as the most glamorous business meetings, HSBC CFW will aim at promoting and encouraging local ...
- HSBC Colombo Fashion Week to boost local fashion retail network (Category: Business)
- Darshi to showcase at Russia Fashion Week (Category: Business)
- HSBC Colombo Fashion Week starts today (Category: Business)
- DHL partners HSBC Colombo Fashion Week for third consecutive year (Category: Business)
The Daily FT spoke to the Immediate Past President of Sri Lanka Association of Inbound Tour Operators (SLAITO) and Chairman and Managing Director of Conniassance de Ceylan Ltd., on the state of post-war Sri Lanka tourism industry, the progress and key challenges as well as future prospects and how best they could be harnessed. Here ...
- Future of Sri Lanka Tourism: Former SLAITO Chief sheds key insights (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
- SLAITO on expectations and challenges facing tourism industry (Category: Business)
- Prema joins Alhambra Hotels Board (Category: Business)
Born at Moscow in 1961, Valeriy Belenikin is a graduate of the Moscow Academy of Fine Arts named after V.I Surikov. The artist’s conception of his work is based upon truth and the mystery of this life. He is in awe of all that takes place in this world. Not only human banality, but all ...
- Art exhibition at Russian centre (Category: Breaking News)
- Valeriy Belenikin’s art exhibition (Category: Business)
- Around the Town: Helena-area arts and entertainment news published Thursday, Dec. 17, 2020 (Category: USA, Montana)
- Around the Town: Helena-area arts and entertainment news published Dec. 10, 2020 (Category: USA, Montana)
Colombo Music Festival gathers momentum; to be held on 23, 24, 25, and 26 August 2012As Senses and Soul, Colombo Music Festival 2012 to be held from 23 to 26 August gathers momentum behind the scenes, this festival, the first ever of its kind to be held in the region, promises to deliver a superlative ...
- ‘Senses and Soul’ to be unveiled (Category: Business)
- Colombo Music Festival promises to dazzle music lovers (Category: Business)
- The Colombo Music Festival: Crossing Genres (Category: Breaking News)
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)
Colombo International Tea Convention discusses trade and marketing of the beverage By Cheranka Mendis Nestled in the dynamic Asian region with a hot beverage to its name, Sri Lanka could benefit well from becoming a ‘tea hub’ in the future, Commonwealth Secretariat Economic Affairs Division Former Director Indrajit Coomaraswamy said. Addressing the Colombo International Tea ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Tea tales (Category: Business)
- Ceylon Tea: To blend or not to blend? (Category: Business)
The Visible Hand of the government ‘The Visible Hand’ was the title which the famed London-based economics weekly, The Economist, used when it published a special report in its issue on 21 January 2012 on the rise of state capitalism in the modern era. The title has a pun: The governments do not care to ...
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Corporatism: A step beyond state capitalism (Category: Business)
- A monetary constitution to add on to the legal constitution? (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)
Etihad Airways is offering complimentary 96-hour tourist visas to guests transiting through the UAE, effective immediately. The visas, ideal for travellers making stopover visits en route to their final destination, are being offered in cooperation with Radisson Blu hotel on Yas Island. The offer is valid for travellers previously eligible for Etihad Airways’ paid-for visa ...
- Etihad Airways increases baggage allowance for premium guests by 10kg (Category: Business)
- Etihad Airways increases network to 269 destinations (Category: Business)
- Etihad, Vietnam Airlines ink codeshare (Category: Business)
- SriLankan Catering wins Etihad Global Excellence Award for Best Regional Caterer (Category: Breaking News)
Following is the keynote address delivered by Senior Minister of Human Resources D.E.W. Gunasekera at the South Asian Regional Consultative Seminar on Human Development and Measurement of Human Development Progress, held at the IPS Auditorium from 30-31 January 2012 Public understanding of human development was galvanised by the appearance of the first Human Development Report ...
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- 182 Experts Call For Debt Cancellation But Private Investors Play Hardball (Category: Breaking News)
- Top Sri Lanka Ports, Trade & Logistics conference and expo starts (Category: Business)
- More and better jobs: Policy prescription for South Asia (Category: Business)
Indonesia, Thailand, ‘high up on list’; Vietnam looks cheap Bottom-up manager favours oil and coal stocks, consumer firms Says can buy indirectly in Myanmar-related companies BANGKOK (Reuters): Emerging market stocks in Southeast Asia, notably in Indonesia, Thailand and Vietnam, will be good bets this year, Franklin Templeton’s Mark Mobius said, adding that whil...
- Templeton’s Mobius sees bargains in SEA, too soon for Myanmar (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
- Sri Lanka’s GDP growth set to outpace peer economies: Asia Wealth (Category: Business)
- Asia Pacific hotels enjoy positive results in May – STR (Category: Business)
At a press briefing held adjunct to the inauguration, Sri Lanka Tea Board Promotions Director Hasitha De Alwis noted that Sri Lanka as a high quality producer does not prioritise on volume. “If you look at value, Sri Lanka despite exporting 300 million kilos and becoming a main exporter has earned much more foreign exchange ...
- Leaf Level (Category: Business)
- Cultivating Clones (Category: Business)
- Demand Effect (Category: Business)
- Green Leaf (Category: Business)
The inauguration of the 20th Session of the United Nation’s Food and Agriculture Organization’s (FAO) Inter-Governmental Group on Tea hosted by Sri Lanka was held last night in Colombo. The sessions proper will begin today and go on until 1 February with the participation of delegates from over 25 countries. Hosted by Sri Lanka ...
- Cricket-Swann strikes twice to peg back Sri Lanka (Category: Breaking News)
- Cricket-Sri Lanka 197 v Pakistan 174-1 - 1st test, tea (Category: Breaking News)
- Sri Lanka 197 v Pakistan 174-1 - 1st test, tea (Category: Breaking News)
- Cricket-Sri Lanka v South Africa scoreboard (Category: Breaking News)
MUMBAI (Reuters): Tea prices in India, the world’s second biggest producer, fell at an auction held last week on a seasonal decline in the quality of leaf on offer, though demand was good from local buyers, dealers and industry officials said on Tuesday. The average price of CTC (crush-tear-curl) tea stood at 116.16 rupees per ...
- UN meeting on tea opens in Colombo (Category: Business)
- Bangladesh imposes duty on tea imports (Category: Business)
- World drinks more tea, FAO predicts strong price (Category: Business)
- Pakistan emerges as leading market for Indian tea (Category: Business)
To focus on skills development, trade, investment, sustainable development and business excellence to sustain GDP growth rate of 8%Following is the address delivered by National Chamber of Commerce of Sri Lanka President Asoka Hettigoda at the NCCSL’s 53rd Annual General Meeting Ayubowan, good evening. Let me extend a warm welcome to all of you to ...
- National Chamber wins Global Commerce Excellence award (Category: Business)
- SAP continues to invest and grow in Sri Lanka (Category: Business)
- National Chamber says removal of emergency will boost investment, trade (Category: Business)
- Encourage UK companies by showing who are already doing well here: Rankin (Category: Business)
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session held in May 2010 in New Delhi, Sri ...
- UN meeting on tea opens in Colombo (Category: Business)
- Cheers for FAO/IGG (Category: Business)
- Sri Lanka kicks off 20th session of FAO/IGG (Category: Business)
- Plantation Problem (Category: Business)
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)
By Aruni Amarasinghe The newly-appointed Sri Lankan Envoy to Sweden Oshadhi Alahapperuma presented his Credentials to the King of Sweden Carl XVI Gustaf recently at the Royal Palace in Stockholm. Representing the Sweden Government, the Marshal of the Diplomatic Corps called at the Sri Lankan Embassy which is located in the heart of Stockholm and ...
- Lankan envoy presents credentials to King Carl Gustaf (Category: Breaking News)
- Ties being forged with foreign countries (Category: Breaking News)
- Sweden friends with Sri Lanka again (Category: Breaking News)
- Lankan envoy meets Swedish Foreign Minister (Category: Breaking News)
International tourist arrivals grew by 4.4% in 2011 to a total 980 million, up from 939 million in 2010, in a year characterised by a stalled global economic recovery, major political changes in the Middle East and North Africa and natural disasters in Japan. By region, Europe (+6%) was the best performer, while by sub ...
- International tourism off to strong start in 2012 – UNWTO (Category: Business)
- 415 m tourists expected worldwide during May-August peak season (Category: Business)
- Healthy growth of international tourism in 2011 first half (Category: Business)
- International tourists to hit 1.8 billion by 2030: UNWTO (Category: Business)
How the key industry progressed last yearBy Cheranka Mendis Sri Lanka’s tourism industry, which saw a 30.8% growth over the previous year in 2011, has been driven by key markets India, UK and Germany and is likely to be the foremost contributor in 2012 as well. Named as ‘Visit Sri Lanka year,’ 2011 saw the ...
- Tourist arrivals in Feb. up 27% (Category: Business)
- Tourism triumph! - Ends 2011 with record 855,975 arrivals (Category: Business)
- Treasures of Sri Lanka, the ethical way (Category: Business)
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Business)
Reuters: Sri Lanka may be a minnow in the oil world, but a near total reliance on Iranian crude imports means it has more reason than most to find a way to avoid being caught in the clutches of US sanctions. The island’s only refinery – the 50,000 barrels-a-day Sapugaskanda refinery – is almost entirely ...
- Oil minnow Sri Lanka has most reasons to worry about Iran oil (Category: Breaking News)
- Reuters says Lanka has most reasons to worry about Iran oil (Category: Breaking News)
- Govt. hints at fuel price hike (Category: Business)
- Sri Lanka cleared from Iran oil sanctions (Category: Breaking News)
Sri Lanka will be holding two fresh bilateral trade sessions today in Hyderabad – one with India and the other with the United Arab Emirates. The talks will be held at Andra Pradesh Hyderabad International Convention Centre in Hyderabad. Minister of Industry and Commerce Bathiudeen is currently in Hyderabad as a member of the Sri ...
- Sri Lanka holds trade talks with India, UAE (Category: Breaking News)
- Indian interest - Sri Lanka readying for dedicated trade talks in March (Category: Business)
- UAE impressed by Sri Lanka’s large export portfolio (Category: Business)
World famous and leading carrier Singapore Airlines (SIA) yesterday emphasised its optimism over prospects in Sri Lanka and renewed its longstanding commitment to promote the destination in addition to continuing with superior service. The reiteration of positivism was when SIA announced its new General Manager for Sri Lanka Aldrin Arumugam succeeding Melvin Ng, who will ...
- Extra Links (Category: Business)
- SIA to add fourth daily London service (Category: Business)
- SIA launches contest for seats on B747 farewell flight (Category: Business)
- SIA bids farewell to B747 (Category: Business)
International tourist arrivals grew by a healthy 4.5% in the first eight months of 2011 according to the latest data from UNWTO. Europe (+6%), surprisingly, showed the strongest growth amid continuing economic uncertainty. January-August 2011: Positive note despite increased uncertainty International tourist arrivals grew by 4.5% in the first eight months of 2011 to a ...
- 415 m tourists expected worldwide during May-August peak season (Category: Business)
- International tourism off to strong start in 2012 – UNWTO (Category: Business)
- Healthy growth of international tourism in 2011 first half (Category: Business)
- Global tourist arrivals up 4% in 2011; expected to reach 1 b mark in 2012 (Category: Business)
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