Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Dec (1154)
Narrow by Category
- Business (1154)
UNP MP Dr. Harsha De Silva yesterday called upon the Government to take urgent steps to reverse the decline in apparel exports. He said that the Central Bank had announced that apparel exports fell every month this year in spite of the depreciation of the currency in February. Monthly exports amounting to US$ 367 million ...
- October sees 20% decline in apparel exports from Sri Lanka (Category: Breaking News)
- Trade Performance (Category: Business)
- Trade Trends (Category: Business)
- Wall Street Journal spotlight on Brandix’s global push via regional foray (Category: Business)
Lankaputhra Development Bank launched one of its social responsibility projects this year under the theme ‘Let’s get together and restore Abayagiriya’ at Anuradhapura recently by voluntarily contributing towards the restoration of the Stupa. This national campaign was carried out on 23 July with the participation of a majority of the staff of the bank. It ...
- State Support (Category: Business)
- State Banking (Category: Business)
- Lankaputhra Development Bank to create IT entrepreneurs, professionals (Category: Business)
- State Banking (Category: Business)
The university education system is undergoing reforms to meet the changing domestic and global labour market requirements. For Sri Lanka to emerge as a knowledge hub, which is capable of creating higher education opportunities for both local and foreign students, the public university system of Sri Lanka has to be elevated to world class status. ...
- Sri Lanka's university system unaffected by lecturers' strike - Higher Education Minister (Category: Breaking News)
- Migrant Mode (Category: Business)
- Hard truths about why jobs are disappearing (Category: Business)
LONDON (Reuters): Britain’s economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis. Finance minister George Osborne said figures released on Wednesday showed Britain
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- Growth is better than expected – CB (Category: Business)
- Growth gloom (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
Your special correspondent in his article on 25 July titled “Tragic policy making and ‘Wonder of Asia’: What happened and what’s in store?” takes great pains to portray Sri Lanka’s economy and the Central Bank in a very poor light. It is clear that his entire
- Brentwood Gazette commented Tributes to doctor who died on trip to Sri Lanka (Category: Breaking News)
- test article to check feed no 2 (Category: Breaking News)
- test article to check feed 3 (Category: Breaking News)
- Claude is CEO! (Category: Business)
By Amantha Perera IPS: For many Sri Lankans, the effects of climate change can be summed up in one word: rainfall. “The biggest impact (of climate change) is rainfall or the lack of it,” W.L. Sumathipala, one of Sri Lanka’s foremost experts in changing climate patterns, told IPS on a scorching hot and humid day ...
- Climate change ‘biggest threat’ to food security (Category: Business)
- Adding rice farmers to the Rio+20 Agenda (Category: Business)
- Better weather warnings needed (Category: Business)
- Water conservation “desperately” needed (Category: Business)
LONDON (Reuters): The fight against obesity will be a major investment trend for the next 25-50 years, a report by Bank of America/Merrill Lynch said, listing 50 companies in areas from healthcare and pharmaceuticals to food and sports that could benefit. Worldwide obesity has more than doubled since 1980 to over 500 million people and ...
- Willis outlines several emerging global risks to watch out for in 2012 (Category: Business)
- Is slimming contagious? (Category: Business)
- HRW slams LLRC report (Category: Breaking News)
- How to help our struggling youth (Category: South Australia)
This is a day quite dear to some 300 million plus people in United States of America. Irrespective of their land of origin, the day is celebrated as the day of independence commemorating the adoption of the Declaration of Independence and the Founding Fathers remembered. The fourth of July this year is also important for ...
- To be or not to give: The GDP dilemma (Category: Business)
- Reform of university education (Category: Business)
- Universities in crisis: Key learnings (Category: Business)
With the opening dates of terminals in the Colombo South Harbour Project in Sri Lanka and Deep Water Container Port in Pakistan now set as 2013 and 2014 respectively, port development in the South Asian region is about to enter another era. When completed, the new deep sea ports in Karachi and Colombo will have ...
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- Fair winds for Sri Lanka maritime hub (Category: Business)
- Strengthening ties between ports (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
- Turning point in the currency war (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Reuters: Brent slipped to $102 a barrel on Wednesday as worries about oil demand from the troubled euro zone offset any gains to prices sparked by concerns about oil supply from the Middle East. The euro zone’s private sector shrank for a sixth month in July as manufacturing output nosedived, notably in the core countries ...
- Brent falls near $113 over euro zone jitters (Category: Business)
- Oil hits six-month high on supply worries, Iran (Category: Business)
- Oil up despite weak Europe data (Category: Business)
- Euro zone Oct inflation at 3 pct despite cooler growth (Category: Business)
Renews call for Select Committee to probe shady deals; wants EPF investments in stocks halted Blasts President-Bourse forum Says CSE Board must be dissolved Akin to firing all cylinders, Opposition Leader Ranil Wickremesinghe has blasted President Mahinda Rajapaksa’s forum with capital market stakeholders and renewed the call for the appointment of a Parliamentary Select Committee ...
- Ranil raises red flag over EPF, ETF in Parliament (Category: Business)
- EPF and ETF tangled up! (Category: Business)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
British HC commends Sri Lanka for progress made over the years By Cheranka Mendis Ceylon Chamber of Commerce Chairman Susantha Ratnayake yesterday called for a new wave of reforms if the country were to come out of current shocks quickly with the least amount of pain. In his address at the chamber’s 173rd Annual General Meeting, ...
- Finagle introduces Frozen Ready-To-Bake range of bakery products (Category: Business)
- Economic Summit kicks off with wakeup call for Sri Lanka (Category: Business)
- US keen to increase trade with Sri Lanka (Category: Business)
- “Sri Lanka has great potential to attract Japanese investors” – Japanese Ambassador (Category: Business)
Many large-cap shares generally reach the maturity stage since the turnover and profits of large companies are already high in the context of that particular market. On the other hand, mid-cap shares are considered an attractive investment avenue because their growth rate will be comparably higher. Mid cap companies are generally in the growth momentum ...
- MBSL MidCap Index composition revised (Category: Breaking News)
- MBSL expands investment management services on a regional level (Category: Business)
- Run on penny stocks impacting portfolios (Category: Business)
- Investors eagerly awaiting $ 100 billion Facebook IPO (Category: Business)
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
Sinhaputhra Finance, one of the oldest Central Bank-registered finance companies to direct operations and headquartered outside Colombo, posted a profit of Rs. 73 million before tax. Director Finance Nandana Abeykoon disclosed that the company then made provision for a large deferred tax liability to post a healthy profit of Rs. 54 million. The Board of Directors recommended a ...
- Sinhaputhra eye donation drive (Category: Business)
- Finance Listing (Category: Business)
- Sinhaputhra Finance expands SMS cash (Category: Business)
- Finance Move (Category: Business)
Reuters: The United Nations’ carbon offset market has a long future in helping the world curb man-made greenhouse gas emissions, even with carbon prices at record lows, the executive chairman of the UN Clean Development Mechanism (CDM) said last week. UN-backed carbon credits, called certified emissions reductions (CERs), have plunged around 70 per cent over ...
- Haycarb trades Carbon Credits under Kyoto Protocol (Category: Business)
- Passenger fare hike may earn airlines a CO2 windfall (Category: Business)
- Lufthansa to pass $ 169 m carbon costs to passengers (Category: Business)
- Global CO2 emissions rise 3 % in 2011: report (Category: Business)
Reuters: Asian shares inched higher on Tuesday, helped by improving Chinese manufacturing data, but the euro remained under pressure as surging Spanish borrowing costs stoked fears that the euro zone’s fourth-largest economy will be forced to seek a bailout. The HSBC flash China manufacturing
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Asian markets firmer as focus turns to FOMC from Greece (Category: Business)
- Asian stocks surge on EU bond support (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
- 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)
By Uditha Jayasinghe Following the end of the US$ 2.5 billion Stand-By Agreement, the International Monetary Fund (IMF) remains upbeat about the Sri Lankan economy and further collaboration will be finalised later this year, an official said yesterday. The IMF transferred the final tranche
- Counter Cyclical (Category: Business)
- Lanka progressing well - International Monetary Fund (Category: Breaking News)
- Expectations (Category: Business)
- Sri Lanka to start discussions on fresh IMF facility (Category: Breaking News)
Rehabilitated former combatants will benefit from a government program to provide low interest loans to start their livelihoods, Rehabilitation and Prison Reforms Minister Chandrasiri Gajadeera said. Over 1,200 rehabilitated ex-LTTE cadres reintegrated into the society will receive the loans on July 30 at a ceremony to be held under the patronage of President Mahinda Rajapaksa ...
- Rehabilitated former combatants get livelihood loans (Category: Breaking News)
- Loans for ex-Tigers to begin jobs (Category: Breaking News)
- Rehabilitated former combatants get livelihood loans (Category: Breaking News)
- Loans facilities to rehabilitated LTTE cadres for self-employment (Category: Breaking News)
COLOMBO (Reuters): Sri Lanka’s rupee gained 0.6 percent against the dollar on Monday to its highest level since mid June on inflows into government bonds and IMF approval to disburse a $415 million loan tranche, dealers said. The rupee closed at 130.90/131.10 against the dollar, its strongest since June 11, and firmer than Friday’s close ...
- Bourse at 3-week low, Rupee falls (Category: Business)
- Rupee up on Govt. bond dollar inflows; Stock market fails to cheer (Category: Business)
- CB intervenes again to defend rupee (Category: Business)
- Rupee edges up on Treasury comments (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)
economy will be forced to follow Greece, Portugal and Ireland ...
- Euro zone crisis heads for September crunch (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Asian shares mark time ahead of Spanish bond test (Category: Business)
- IMF says euro needs master plan, not deadline (Category: Business)
Final tranche of $ 415 m received bringing the total to $ 2.548 b during three years of SBA Govt. to stick with flexible exchange rate policy; confident of containing Budget deficit at 6.2% of GDP With the record setting successful completion of the US$ 2.54 billion IMF’s Stand-by Arrangement (SBA), the Government has expressed ...
- IMF Board Approves Latest Tranche Under SBA (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- Sri Lanka receives another IMF tranche (Category: Breaking News)
- IMF approves US$ 426.8M disbursement (Category: Breaking News)
Reuters: Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such ...
- Miners oppose 'super profit' tax (Category: Western Australia)
- Switzerland tops list of tax haven nations (Category: Business)
- Wheatley bemoans becoming 'tax office poster boy' (Category: Australia, Victoria)
- Minister mentioned in new Pandora Papers leak (Category: Breaking News)
The Olympics ‘brand’ is valued at USD $47.6 billion with an 87% increase since the Beijing Olympic Games in 2008 (where it was valued at USD $25.4 billion) according to a new study launched last week by Brand Finance. The Olympics ‘brand’ is the second most valuable brand in the world and beaten only by ...
- HR and London Olympics (Category: Business)
- Apple takes a bite out of its rivals to dominate the BrandFinance Global 500 (Category: Business)
- Wish you were here? Olympics hoped to be tourist draw (Category: Business)
Following the success of its IFRS and SLFRS programmes held in Colombo, MBSL continued its thrust in spearheading seminars of vital importance to the revival and development of the economy of the country. The program was conducted on 22 June 2012 at the Kandyan Reach Hotel, Kurunegala.
- MBSL steps up support for SME sector (Category: Business)
- MBSL accomplish another successful year (Category: Business)
- MBSL selling savings bank for a song! (Category: Business)
- MBSL Savings Bank reaffirms commitment in Kalutara (Category: Business)
BEIJING (Reuters): Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China. Chinese state-owned firms in Africa face criticism for using imported labour ...
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
- South African to host 2013 IATA AGM (Category: Business)
- China, India score with untied aid (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
By B.A.B. Goonetilleke Sometime in 2009, in what was to become a defining moment in the new Digital Age, Bradley Manning, a 24-year-old Army private based at an outpost in Iraq, began to download a veritable trove of classified cables dispatched by US missions around the world on to a thumb drive. Whether Manning stepped ...
- Solheim Looks Back On The Peace Process (Category: Breaking News)
- Wikileaks: Norwegians Concerned Over JVP’s ‘Ugly’ Campaign (Category: Breaking News)
- Sri Lankans In Wikileaks (Category: Breaking News)
- Sri Lanka and the Spectre of an International Investigation (Category: Breaking News)
Popular Topics
- International Monetary Fund (702)
- Political crisis (576)
- Foreign exchange reserves (609)
- Shortage (30)
- Bank reserves (1154)
- Anonymous (2)
- Fuel (141)
- Economy of Sri Lanka (1154)
- Russia (53)
- Ukraine (2)
- Sri Lanka Tea (622)
- Tourism (151)
- Sri Lanka Quality Tea (645)
- Sri Lanka Tourism (644)
- Sri Lanka Cricket (617)
- Sri Lanka Hotels (619)
- Sri Lanka Elections (654)
- Hiru Tv (32)
- ITN News (154)
- Shakthi Tv (33)
- Rupavahini (1)
- Derana Dream Star (33)
- EPF (28)
- BBC (7)
- Rob Ford (18)