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SINGAPORE (Reuters): Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world’s top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive ...
- State liquor sales pick up in July (Category: USA, Washington)
- T-bills hit 16-month high (Category: Business)
- Euro zone Oct inflation at 3 pct despite cooler growth (Category: Business)
- Dollar softer, but euro fails get a boost (Category: Business)
SINGAPORE (Reuters): Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices stayed under a four-month peak hit on Friday on worries that high oil prices could hamper efforts to boost a struggling world economy. Oil has been boosted by the U.S
- Oil falls towards $105, economy jitters return (Category: Business)
- Brent slips, EU optimism keeps price above $111 (Category: Business)
- Oil falls on Fed’s gloomy economy outlook (Category: Business)
- Oil hits six-month high on supply worries, Iran (Category: Business)
The Government has gazetted a Bill, on 27 July 2012, to set up a Divi Neguma Department, which will take over the existing Samurdhi Authority, the Southern Development Authority and the Udarata Development Authority (successor to the Kandyan Peasantry Commission). The Bill will also set up a Divi Neguma Community Based Organisation, Divi Neguma Community ...
- Regulation of microfinance institutions (Category: Business)
- Unregulated microfinance - A high-risk strategy (Category: Business)
- New department to drive ‘Divi Neguma’ (Category: Business)
- Finance: Restrictions on use of the word (Category: Business)
Sri Lanka is ready and building the platform for the future US$ 100 billion economy, said Central Bank Governor Ajith Nivard Cabraal.
1. Introduction Peter Drucker stated that, “Marketing is so basic that it cannot be considered as a separate function. It is the whole business seen from the point of view of its final result; that is, from the customer’s point of view… Business success is not determined by the producer but by the customer.” A ...
- Driving marketing in the boardroom (Category: Business)
- Plugging into marketing trends of the future (Category: Business)
- How to develop an effective marketing plan (Category: Business)
- Janashakthi leadership speaks of 18 years of success (Category: Business)
NEW YORK (Reuters): Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Fed ramps up economic stimulus, ready to do more (Category: Business)
- Time to buy as market has corrected itself enough: Panel (Category: Business)
- World stocks steady near 11-mth lows (Category: Business)
By Cheranka Mendis The European Union has injected Euro 60 million (around Rs. 10 billion) in a four-year Support to District Development Program (SDDP) that was initiated in June this year, to support four war affected districts of the country. EU Sri Lanka Delegation Head of Operations Willy Vandenberge yesterday told the Daily FT that ...
- Sri Lanka ranks high in 'medium' human development (Category: Breaking News)
- SLINTEC enters strategic technology development agreement with NFCL, India (Category: Business)
- From science to commercialisation (Category: Business)
US Assistant Secretary of State Robert O. Blake yesterday called on the Government to promote transparency and good governance in order to encourage more American investors. He told reporters at the end of his visit that investment could be encouraged if the Government took measures to improve the investment clime. A speech given by him ...
- President tells one story to India, another to us, says Sri Lanka Kandy District Parliamentaria... (Category: Breaking News)
- NGO's to work against SriLanka at UNHRC (Category: Breaking News)
- Analysis: Will web 'snoop' plans work? (Category: Technology)
- This Week in Government: Board of County Commissioners discuss replacing senator for SD48 (Category: USA, Montana)
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares inch down, mark time before Jackson Hole (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- Adopt economic policies to propel growth: Bankers (Category: Business)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- Tilak insists no overregulation (Category: Business)
- Bourse boom awaits boosted brokers after Presidential forum (Category: Business)
- Tilak talks his way out of SEC (Category: Business)
Commercial Bank of Ceylon has launched a programme in collaboration with the Central Bank of Sri Lanka to enhance entrepreneurship skills in the Small and Medium Scale Enterprise (SME) sector. The first seminar of this programme was held recently for entrepreneurs who are in the SME and Micro Enterprise sectors in Nuwara Eliya. Officials of ...
- Commercial Bank joins Central Bank to promote financial literacy among SMEs (Category: Business)
- Commercial Bank arrives at Maskeliya (Category: Business)
- Fitch affirms HNB at ‘AA-’ (Category: Business)
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
Reuters: Germany’s Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone’s new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund. The eagerly awaited verdict boosted global stocks and the euro currency as investors ...
- Euro zone crisis heads for September crunch (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- EU leaders to agree on permanent bailout fund (Category: Business)
- Europe splits over fiscal union, UK isolated (Category: Business)
criticised the Government’s handling of the economy and insisted that ...
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
- High profile stakes! (Category: Business)
- UNP breathes fire over NSB-TFC deal (Category: Business)
- UNP raises alarm over NSB investment in The Finance (Category: Business)
“In order to create long term economic stability, the creation of incremental wealth is imperative,” stated former Hatton National Bank Managing Director and CEO Rienzie Wijetilleke addressing the a luncheon meeting organised by the Sri Lanka – Italy Business Council of The Ceylon Chamber of Commerce. It was also noted at the meeting that whilst ...
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Reuters: Asian shares rose to three-week highs and the euro hit a four-month peak against the dollar on optimism that a German court will approve the legality of the euro zone’s bailout fund later on Wednesday and the U.S. Federal Reserve may ease this week. The positive mood was bolstered by reports saying Spain is ...
- Asian markets cheered by Fed rate outlook (Category: Business)
- Asian markets firmer as focus turns to FOMC from Greece (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- Euro zone fears rattle global markets (Category: Business)
Reuters: Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme. The term, coined in 2001 by Goldman Sachs banker Jim O’Neill, provided a catchy acronym to unite the four biggest emerging economies, two of which ...
- China slowdown weighs on emerging market funds (Category: Business)
- Templeton plans $300 m emerging markets fund (Category: Business)
- Developed or developing? Try merging markets (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
LONDON (Reuters): Copper hit a four-month high on Monday as hopes for more policy easing in the United States prevailed and as weak copper and other commodity imports in China, coupled with weak factory activity, reinforced prospects for more stimulus measures there. Chinese data showed copper imports in August fell 2.9% from July due to ...
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Shares ease on China growth worry, dollar stays firm (Category: Business)
- Asian markets rebound, hoping for action on euro zone crisis (Category: Business)
- Asian stocks rebound as Bernanke soothes investors (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)
Power of the village One of the most respected business personalities that Sri Lanka has produced to the multinational belt of companies is Lalith De Mel, better known as J.C.L. De Mel. I was blessed to have had the exposure of being trained by him during the times that he was the Global Director for ...
- Vavuniya: Sri Lanka’s best on poverty at 2.3% (Category: Business)
- 2011: Power achievements for Sri Lanka, but… (Category: Business)
- Revolutionising Sri Lanka’s agricultural rupee (Category: Business)
- Hayleys recognised as Sri Lanka’s most nation-minded corporate entity (Category: Business)
The HSBC Youth Enterprise Awards (YEA) 2012 presented by the British Council was held at the Hilton Colombo amidst distinguished guests including Dr Sunil Nawaratne, Secretary, Higher Education Sri Lanka, Tony Reilly, Country Director British Council and Nick Nicolaou, Chief Executive Officer HSBC Sri Lanka and Maldives. Having been assessed through multiple rounds of workshops ...
- Rewarding Innovators (Category: Breaking News)
- Budding Business (Category: Business)
- HSBC, British Council launch ‘Youth Enterprise Awards 2012’ (Category: Business)
A salutary reader interest on share market regulation A reader of the previous week’s My View titled ‘SEC: Not a mere watchdog, but a bloodhound mandated to bite’ has raised an important issue with this writer. He has asked the question why it is necessary to have a regulator to police the financial markets and ...
- The ability to save (Category: Business)
- Of Confidence Tricksters and Ponzi Schemes (Category: Breaking News)
- Pyramid schemes galore in rural areas where financial literacy is low– Police spokesman (Category: Breaking News)
- Need To Restrain The Power Of Shadow Finance (Category: Breaking News)
Reuters: Sri Lanka’s economic growth this year may range between 6.7% and 7.2% depending on the impact of a drought that has lasted since the beginning of the year, Treasury Secretary Dr. P.B. Jayasundera said on Thursday. The Central Bank has forecast 7.2% economic growth this year, after revising it down in March from the ...
- Central Bank emphatic dollars are coming (Category: Business)
- Appreciating the exchange rate to create prosperity (Category: Business)
- ComBank records highest growth in ‘Inter-Bank Electronic’ payments (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
By S.S. Selvanayagam The Supreme Court yesterday (6) ordered the Central Bank to file the Foreign Reserve Management Rules (Guidelines) to Court sequent to the Fundamental Rights violation petition challenging the investment on the controversial Greek bonds, which resulted in a loss of Rs. 2.14 billion of public funds to the State. The Deputy Solicitor ...
- UNP MP files FR case against CB’s junk Greek bond investment (Category: Business)
- Minister Amunugama defends Greek bonds investment (Category: Breaking News)
- Central Bank makes substantial gains in reserve management (Category: Business)
- Central Bank defends investment in Greek bonds (Category: Breaking News)
By Devin Jayasundera With the country’s Islamic banking still at a low penetration level, experts point out that with the strategic position that Sri Lanka occupies in the region, it should make forays into Islamic capital market to reap full benefits of this industry. Central Bank Governor Ajith Nivard Cabraal addressing the gathering KPMG’s Global ...
- Sri Lanka can be an Islamic finance hub (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- Commercial Bank adjudged ‘Best Bank in Sri Lanka’ for record 14th year (Category: Business)
- Pakistan Central Bank to develop rules for Islamic scholars (Category: Business)
Reuters: Oil futures rose above $114 per barrel on Thursday, buoyed by expectations the European Central Bank will manage to ease its debt crisis with a new programme of bond purchases. Europe’s debt crisis and slowing global economic growth have fuelled worries about the demand outlook for commodities. Investors hope a new ECB bond-buying programme ...
- Interest, FX rates to stabilise: Treasury Secy. (Category: Business)
- Eight banks vie to lead Sri Lankan euro bond: CB (Category: Business)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
- NATO head Stoltenberg: EU needs the US to protect against China (Category: USA, New York)
By Shanuka Tissera A very determined large business delegation from South Africa landed in Sri Lanka for a five-day tour, geared to heavily increase bilateral trade between the two countries. Exchanging of the MoU between Minister of Economic Development South Africa Prof. Hlengiwe Buhle Mkhize and Deputy Minister of Economic Development Sri Lanka Lakshman Yapa ...
- Top South African biz team coming in Sept. (Category: Business)
- ANC business delegation visits Sri Lanka (Category: Breaking News)
- Powerful South African biz delegation in town today (Category: Business)
- South Africa keen to explore business opportunities in Sri Lanka (Category: Breaking News)
Results of the ICC-Ifo World Economic Survey, released recently, reveal declining optimism over global economic recovery as fear continues to spread about the unsolved debt crisis in Europe. The Survey, which received responses from 1,079 experts in 123 countries, showed that the world economic climate indicator fell to 85.1 in Q3 2012 after two successive ...
- Optimism in Middle East businesses ‘rising’ (Category: Business)
- Deutsche Post DHL hikes outlook as Asia demand buoys Q3 (Category: Business)
- ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC 2010 (Category: Breaking News)
- Global economic outlook slowly improving but remains fragile (Category: Business)
By Cassandra Mascarenhas Offering an insightful view into international trade law and electronic transactions across borders, the second and final day of the regional expert consultation on connecting Asia-Pacific’s digital society for building resilience organised jointly by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the ICT Agency of ...
- Building resilience in Asia Pacific’s digital society (Category: Business)
- Broadband will represent momentous change: President’s Secy. Weeratunga (Category: Business)
- Economy to benefit from ICT and telecom growth says Alcatel-Lucent (Category: Business)
- Bridging the global digital divide (Category: Business)
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