Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Dec (1154)
Narrow by Category
- Business (1154)
Reuters: Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.2 per ...
- Stock market at two-week low; block deals boost activity (Category: Business)
- Stocks slip on profit-taking ahead of SEC ruling (Category: Business)
- Bourse steady amid credit, global woes (Category: Business)
- Buffett builds $ 10.7 b stake in IBM (Category: Business)
Sri Lanka Ports, Trade and Logistics Conference kicks off By Cheranka Mendis Sri Lanka’s potential as a major maritime and shipping hub in the South Asian region was showcased yesterday at the launch of the two-day Sri Lanka Ports, Trade and Logistics Conference and Exhibition held at the Hilton, Colombo. While times are challenging for ...
- Sri Lanka needs more base cargo to face future competition (Category: Business)
- South Asian ports need synchronised development (Category: Business)
A major initiative to find out the best positioning of post-war Sri Lanka in the challenging global economy will be kicked off today by the Ceylon Chamber of Commerce with its Economic Summit bringing together over 50 experts in diverse fields. The ceremonial opening of the Sri Lanka Summit
- Sri Lanka Economic Summit begins today in Colombo (Category: Breaking News)
- Slow Forecast (Category: Business)
- Sri Lanka Economic Summit to bring the economy in perspective (Category: Breaking News)
- Investors eye frontier markets (Category: Breaking News)
REUTERS: As China slips, the second-half performance for many emerging market mutual funds might soon follow. In recent months, investors have been pulling hundreds of millions of dollars out of stock funds that invest mainly in companies associated with the big four emerging market nations of Brazil, Russia, India and China. But it’s China that ...
- Poor returns cast cloud over BRIC equity funds (Category: Business)
- Asian funds revisit 2008 as third quarter market slump bites (Category: Business)
- Growth disappointments drag India funds down in November (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
Reuters: Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for the region’s banks. The euro hit a two-year low of $1.2225 in early Monday Asian ...
- Asian shares rise as China data soothes, caution caps (Category: Business)
- Asian shares fall, dollar spikes vs yen on intervention (Category: Business)
- Asian shares fall on sluggish US jobs, focus on more data (Category: Business)
- Asian shares rise; oil spikes on Iran tension (Category: Business)
Reuters: Greece’s new finance minister on Saturday pledged to carry out reforms and privatisations demanded under its latest financial rescue in an attempt to regain credibility with international partners stumping up money to keep the country afloat. In his first policy speech since taking office, respected economist Yannis Stournaras reiterated the government’s plan to ask ...
- Greece claims success after strong bond swap takeup (Category: Business)
- Euro zone seals second Greek bailout worth 130 b euros (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
- Moody’s downgrades Cyprus as bank bailouts seen likely (Category: Business)
The Central Bank in a statement on Saturday said its attention has been drawn to several one-sided media reports which have alleged that the bank has lost heavily by investing in Greek bonds. Some reports have also claimed that the Central Bank was summoned to the Committee on Public Enterprises (COPE) at the request of ...
- Sri Lanka central bank defends FX reserve management (Category: Breaking News)
- Senior minister defends Sri Lanka Central Bank's investment in Greek bonds (Category: Breaking News)
- Ranil W. questions Greek bonds investment (Category: Breaking News)
- Minister Amunugama defends Greek bonds investment (Category: Breaking News)
Reuters: Asian shares slipped on Friday, taking their cue from falls overnight in global stock markets. Sentiment stayed cautious despite new stimulus steps taken by three major central banks, with the focus now on U.S. jobs data due later in the day. The U.S. jobs report will offer clues about the extent of damage the ...
- Asian stocks up on Europe optimism, credit (Category: Business)
- Asian shares slump after S. Korea rate cut, Australia jobs data (Category: Business)
- Asian shares fall on unclear US policy stimulus, Europe (Category: Business)
- Asian markets end on a mixed note on May Day (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
- 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)
Fitch Ratings has upgraded Sri Lanka's People's Bank (PB) and its subsidiaries People's Leasing Company PLC (PLC), and People's Finance PLC (PF), by a notch each. The Outlooks are Stable. At the same time the agency has affirmed PB's associate company People's Merchant Finance PLC (PMF, 36% effective ownership by PB) at 'BB+(lka)' with Stable ...
- Fitch Upgrades People’s Bank and Subsidiaries (Category: Breaking News)
- Fitch upgrades People’s Leasing and People’s Finance (Category: Business)
- People’s Leasing goes for Rs. 500 m Commercial Paper; Fitch assigns good rating (Category: Business)
- Fitch Rates People’s Leasing ‘B+’; Outlook Stable (Category: Breaking News)
As a trailblazer in the banking and financial industry, Sampath Bank, a truly local bank, earned yet another accolade in its 25th year by being honoured as the ‘Best Banking Group in Sri Lanka’ at the World Finance Awards held recently. World Finance is a critically acclaimed bi-monthly magazine and website providing in-depth coverage of ...
- Sampath Bank’s tech prowess rewarded at NBQSA 2011 (Category: Business)
- Sampath Bank showcases Rs. 2.5 b debenture issue as sound investment (Category: Business)
- Sri Lanka's Sampath Bank Rated As Best Banking Group (Category: Business)
- Amana Bank globally honoured as ‘Best Islamic Bank in Sri Lanka’ (Category: Business)
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...
- Internationalization of Rupee – India’s Big Leap (Category: Breaking News)
- Foreign Navies request SLN training (Category: Breaking News)
- Bilateral Links (Category: Business)
- All-women delegation from India to visit Sri Lanka (Category: Breaking News)
Reuters: Asian shares rose on Wednesday, extending gains for a third day in a row, as investors kept hopes high for more monetary policy stimulus to support the faltering global economy, ahead of a policy meeting by the European Central Bank. U.S. equities rallied while European shares closed
- Asian shares ease after Fed inaction and ahead of ECB (Category: Business)
- Asian shares pause, guarded stimulus hopes from ECB, Fed (Category: Business)
- Asian shares, euro fall as ECB delays action (Category: Business)
- Asian shares fall on growth worries despite cuts (Category: Business)
LONDON WASHINGTON, (Reuters): The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroad. Business
- World growth at risk as US employment stumbles (Category: Business)
- Global factories struggle as growth fears rise (Category: Business)
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- Europe a drag on world economy, US data mixed (Category: Business)
The vital importance of the development of export and its national value with policy on priority for export trade was emphatically stressed in the Budget speech for 2012 presented by the President. The projected objective was to achieve the export target braving the challenges from the international market. Imperatively Trade Promotion Organisations (TPOs) are bound ...
- EDB turns 33 (Category: Business)
- Over 55 tour agents, 50 international journalists for Expo 2012 (Category: Business)
- Export promotion strategies (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
Last week I was on the Air Force flight on route to Jaffna for a meeting with 52 investors who wanted to invest in the first industrial estate in the Northern Province – Atchchuveley. In my hand were the key sites that one can visit in Jaffna as a tourist. The first thought that struck ...
- Why Lion leads frontier (Category: Business)
- Atchchuvely a public-private model in Jaffna! (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
- As the world decides to vote (Category: Business)
Profood Propack and Agbiz 2012, an exhibition that will showcase the entire process of the food and packaging industry under one roof is set to take place for the 11th consecutive year on the 6th, 7th and 8th of Jul 1012 at the Sirimavo Bandaranaike Memorial Hall, in Colombo. The event has been synonymous throughout ...
- Sri Lanka to witness an unparalleled experience – from farm to kitchen (Category: Business)
- Pro Food Pro Pack 2012 adds Ag biz, Halal Food Asia and Livestock Dairy Asia (Category: Business)
- ‘Lankapack 2012’ geared to showcase best local packaging solutions (Category: Business)
- ‘Lankapack 2012’ to feature impressive international participation (Category: Business)
LONDON, (Reuters): Barclays Plc chairman Marcus Agius quit on Monday, saying “the buck stops with me” after an interest rate rigging scandal that has dealt “a devastating blow” to the bank’s reputation. Agius, chairman of Britain’s third biggest bank for 5-1/2 years, is the first major scalp from the scandal, which is likely to draw ...
- After Chairman, Barclays CEO Bob Diamond quits (Category: Business)
- UK lawmakers say Libor case shows Barclays flawed (Category: Business)
- UK fraud buster mulls charges in Libor scandal (Category: Business)
- HSBC faces US compliance issues, Libor scrutiny (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)
Reuters: Brent crude fell towards $96 a barrel on Monday after weak factory data from top energy consumer China, while doubts remained over an EU deal which had helped prices post their fourth biggest daily gain on record in the previous session. A European Union oil embargo on Iranian oil shipments, which took effect on ...
- China to raise fuel prices first time 10 months (Category: Business)
- Brent oil set to end yr up 14%, record high average (Category: Business)
- Brent hits eight-month top above $ 121 after Iran, China moves (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
Confidence holds the fabric of the entire economy and many people have forgotten on this particular point, Central Bank of Sri Lanka Governor, Ajith Nivard Cabraal said.
A top level Sri Lanka Ports, Trade and Logistics conference and exhibition will be held from 10 to 11 July at Colombo Hilton, organised by industry specialists Seatrade. The multi-stakeholder sponsored and endorsed event will showcase commercial opportunities and development of South Asia’s new maritime hub and logistics centre – Colombo and Sri Lanka. Seatrade ...
- Top Sri Lanka Ports, Trade & Logistics conference and expo starts (Category: Business)
- Colombo conference on ‘Sri Lanka Ports Trade and Logistics’, an unqualified success (Category: Business)
- State-run SLPA wins three prestigious Seatrade awards (Category: Business)
Reuters: Persistent fears about the euro zone’s future and an increasingly subdued global economy will restrain further advances for the world’s major stock markets, according to Reuters polls of analysts, who slashed their forecasts. Equity strategists were badly wrong-footed
- Recovery next year for world stocks after dire 2011 – poll (Category: Business)
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Anxious global investors look for calm (Category: Business)
The impending holiday season is expected to see many locals plan for the perfect holiday vacation during July – August 2012, be it in country or overseas. Adding to the holiday sentiment, HSBC announced its epic holiday roll out for travellers seeking local and outbound travel with mega deals that are too good to be ...
- HSBC launches fresh offer of privileges (Category: Business)
- Holiday Bonanza For HSBC Credit Card Holders (Category: Breaking News)
- Class above the rest HSBC Visa Signature debuts in Sri Lanka (Category: Business)
- HSBC unveils ‘48 days of summer’ holiday offer (Category: Business)
China demand for coal, iron ore expected to drive market Average capesize earnings to rise to $12,400 in H2 Panamax earnings seen increasing to $11,000 SINGAPORE (Reuters): The Baltic Exchange’s Dry Index, an indicator of global economic activity, will rebound by 35 percent in the second half of 2012 versus the last six months on ...
- Baltic index rallies, capes at near 9-month high (Category: Business)
- China Aug trade surplus dips, exports off peak (Category: Business)
- Australia trade deficit widens on falling exports, worse to come (Category: Business)
- Commodities Boom (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)
Reuters: Romney or Obama? Republican or Democrat? The U.S. presidential election may inflame voter passions, but based on past experience, whoever wins the world’s most powerful elected office isn’t likely to move the dollar. The U.S. dollar’s performance over the past 40 years shows little relation to the party holding the presidency and more to ...
- Asian shares fall on fears over Europe fund tightness (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Gold firms on China inflation spike, US jobs data (Category: Business)
- US economic fix could take years: Obama (Category: Business)
Reuters: Sri Lanka’s inflation rate accelerated to a 41-month high in June driven by the rupee’s sharp depreciation, while food prices were hit by supply constraints due to drought and government policies to discourage selected imports. Annual inflation hit 9.3% in June from a year earlier, its highest since January 2009 and up from 7.0% ...
- Inflation seen at 42-month high in July (Category: Business)
- November annual inflation eases to 4.7% (Category: Business)
- Inflation seen at 2012 high in May: Reuters Poll (Category: Business)
- CB says policy rates appropriate (Category: Business)
It is with great pleasure and keen interest that I associate myself with a wide range of distinguished stake holders in the inauguration of this workshop under the patronage of Institute of Policy Studies of Sri Lanka (IPS), World Bank and Department of National Planning. It is expected through this consultation process to provide a ...
- D.E.W. Gunasekera addresses issues of social protection (Category: Business)
- IPS releases ‘Sri Lanka: State of the Economy 2011’ report (Category: Business)
- Making employment count - For creating growth and reducing poverty (Category: Business)
- Labour Reforms In A Time Of Great Crisis (Category: Breaking News)
India on Friday slashed fuel prices in a bid to bring relief to consumers, putting the stagnant oil prices in Sri Lanka under stronger focus. As the rupee continues to dip, there is ever-increasing pressure on the Government to take action on keeping the cost of living bearable – a tough task at the best ...
- CPC implications (Category: Business)
- Another CPC controversy (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Price Balance (Category: Business)
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)