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Emirates, the leading international airline of the UAE, has opened its first airport lounge on the US West Coast, at San Francisco International Airport (SFO), representing a $ 4 million investment in the Bay Area. The SFO lounge has been designed with the same attention to detail as Emirates’ lounges throughout the world, including the ...
- Emirates Opens First WC Lounge (Category: Breaking News)
- Emirates announces codeshare with JetBlue (Category: Business)
- Emirates to start Gatwick’s first A380 service (Category: Business)
- Emirates to fly A380 twice a day to New York JFK (Category: Business)
Cathay Pacific has started selling its new Premium Economy Class for flights departing from 1 April 2012. The new Premium Economy experience features a quieter, more spacious cabin than the traditional Economy Class with between 26 and 34 seats per aircraft. The seat pitch will be 38 inches –
- Airlines seen flying into economic turbulence : IATA (Category: Business)
- British Airways to start flying to Sri Lanka from March next year (Category: Breaking News)
- Business community appreciates Government’s genuine efforts to resurrect the country’s economy (Category: Breaking News)
- More business travellers flying economy, IATA says (Category: Business)
LONDON (Reuters) : Oil hit a six-month high near $120 a barrel on Wednesday as concern about supply from Iran, other Middle East producers and Africa outweighed those about the health of the global economy. Prices jumped after Iran’s Press TV reported Iran had banned exports to six EU
- Oil gains on US stocks draw (Category: Business)
- Iraq, Saudi oil helps cover Iran drop, boosts OPEC output (Category: Business)
- Iran oil output steady despite sanctions (Category: Business)
- Brent falls near $113 over euro zone jitters (Category: Business)
Sri Lanka’s benchmark stock index, the world’s worst performer this year, may extend its slump as the central bank raises interest rates to curb inflation, according to HSBC Holdings Plc’s private banking unit. HSBC Private Bank, which oversees about $499 billion, will wait for stock valuations to fall to “single digit” multiples before it considers ...
- Stocks approach one-month low; rupee steady (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Sri Lanka Stocks May Slump More on Rates, HSBC Private Says (Category: Breaking News)
- CB seen holding rates, SRR steady – Reuters poll (Category: Business)
HAS democracy failed in the Maldives? As chaos engulfs the second closest country to Sri Lanka, it is impossible not to wonder over where this change will lead. Will the country still continue as a democracy or will it fall into extremist hands? What are the lessons that Sri Lanka can learn from what has ...
- Germany concerned over latest developments in Maldives (Category: Business)
- Nasheed Won’t Seek Asylum (Category: Breaking News)
- Maldives charges ex-President with Judge’s detention (Category: Business)
- Ex-Maldives leader not to seek asylum in Sri Lanka (Category: Breaking News)
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)
Iran’s parliament said on Tuesday it was ready to impose a ban on oil exports to some European states, the country’s English-language Press TV reported. “In retaliation to the Zionist (Israel)-backed measure of the European countries to ban Iran oil, we are ready to impose a ban on oil exports to some European countries,” ...
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- Asia’s Iran crude imports to regain levels prior to EU ban (Category: Business)
- Japan eyes guarantees for ships carrying Iran oil (Category: Business)
- Iran oil output steady despite sanctions (Category: Business)
Ambassador updates foreign reporters on post-conflict development and reconciliation in Sri Lanka “Sri Lankans support a home grown solution for reconciliation” Ambassador invites international correspondents to visit Sri Lanka WASHINGTON: Ambassador Jaliya Wickramasuriya hosted a group of foreign correspondents here in a January 25 reception held at his residence, prompting a discussi...
- Effective LLRC implementation sans external pressure (Category: Business)
- Sri Lanka’s ‘Lies Agreed Upon’ screened in US Congress (Category: Business)
- Sri Lanka will hold accountable every person accused of war crimes – Jaliya (Category: Business)
Reuters: Mitt Romney cruised to a blowout victory in Florida’s Republican U.S. presidential primary on Tuesday that put him back in front in the fight for his party’s nomination to face President Barack Obama and left chief rival Newt Gingrich reeling but vowing to fight on. With 70 percent of the vote counted, Romney had ...
- Romney scores big win over Santorum in Illinois (Category: Business)
- Republican Romney back on track in White House race (Category: Business)
- Romney close to Republican nomination after victories (Category: Business)
- Polls show Romney surging ahead of Gingrich in Florida (Category: Business)
Reuters: Pakistan’s premier on Wednesday appeared to back down from a confrontation with the military, moving away from remarks made this month that it had acted unconstitutionally in supporting a court investigation of a controversial memo. “I want to dispel the impression that the military leadership acted unconstitutionally or violated rules,” said Prime Minister Yusuf ...
- Somali piracy set to surge as monsoon ends – EU Navy (Category: Business)
- Shavendra Denies War Crimes (Category: Breaking News)
- Over 100 arrested in new “Grease Devil” clash; Gota fires warning (Category: Business)
- International law suits a double-edged game, warns former AG (Category: Business)
Reuters: India cut cash reserve requirements for banks by 50 basis points on Tuesday to ease tight liquidity conditions, signalling a shift in policy towards reviving growth after two years of fighting inflation. With core inflation still stubbornly high, the Reserve Bank of India as expected left its policy repo rate unchanged at 8.50 percent ...
- India Central Bank leaves interest rates unchanged, cuts CRR (Category: Business)
- India’s inflation may have picked up slightly in Feb. (Category: Business)
- India’s July inflation eases; rate hike still seen (Category: Business)
- India’s inflation hits three-year low, cenbank seen unmoved (Category: Business)
Effects first major move to become a self-made entrepreneur; his new venture N Capital acquires 70% stake Aspires to make iconic 35-room resort luxurious with Rs. 500 m investment to add 50 more rooms under a new wing and plush refurbishment Says deep south will be centre of economic, tourism and recreation boom with air ...
- Ricky Mendis buys 8% of Serendib Hotels for Rs. 142 m (Category: Business)
- Location! Location! Location! (Category: Business)
- LOLC seeks Rs. 4 b funding for Lanka’s biggest resort complex (Category: Business)
- Shareholders vote out Rights; Malwatte opts for debt for tourism venture (Category: Business)
Citizens Development Business Finance PLC (CDB) kicked off operations for the New Year with the launch of its brand new savings account. ‘CDB Saver,’ as it is aptly called, was launched at CDB’s Corporate Office at Sangaraja Mawatha in the presence of its valued customers, staff and well-wishers. Blazing a trail in savings accounts in ...
- CDB launches ‘Sithumina 2012/13’ with brand new jeeps on offer (Category: Business)
- Why disgust is a healthy emotion (Category: Technology)
- CDB spreads wings to Eheliyagoda, Kandana, Marawila and Ragama (Category: Business)
- CDB’s state-of-the-art lab to nurture IT literacy in Welioya school (Category: Business)
CAMBRIDGE, Mass. (Reuters): Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that just 50 per cent of people had a positive opinion of capitalism while 40 per cent did not. The disillusionment was particularly marked among young people 18-29, African Americans and Hispanics, those with ...
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- HAPPY BIRTHDAY MR. PRESIDENT (Category: Breaking News)
- Entrepreneur and the profit motive (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
Rotating Savings and Credit Associations and the Finance Business Act No. 42 of 2011Cheetu or Rotating Savings and Credit Associations (RoSCAs) are the world over a well-recognised method of savings and capital accumulation for the poor and marginalised. Advocate E.B. Wikramanayake B.A., in his Legal Dictionary for Ceylon (1948 Edition) describes a cheetu club as ...
- Unregulated microfinance - A high-risk strategy (Category: Business)
- Finance: Restrictions on use of the word (Category: Business)
- Regulation of microfinance institutions (Category: Business)
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors. The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the ...
- Dhammika to be appointed Chairman of Sampath Bank (Category: Business)
- CB clears five new nominees to Sampath Bank Board (Category: Business)
- Qualified daughters make their way to boards (Category: Business)
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
SINGAPORE (Reuters): Brent crude is set to end the year up nearly 14 per cent from a year ago, supported by signs of an improving US economy and Iran’s threats to halt oil flow through a vital trade route. Brent rose 19 cents to $ 108.20 a barrel by 0701 GMT in the final trading ...
- Brent hits six-month high over $ 116 on Iran, cold (Category: Business)
- Brent hits eight-month top above $ 121 after Iran, China moves (Category: Business)
- Oil gains on US stocks draw (Category: Business)
- Brent remains above $ 120 on Iran worries, Greece optimism (Category: Business)
Emirates, one of the fastest growing airlines in the world, will add an additional five weekly flights to Paris in direct response to strong passenger demand on the route. Effective 25 March, the current double-daily Charles de Gaulle service will be supplemented by an additional four frequencies, increasing to five extra weekly flights in the ...
- Emirates in major network expansion to East and West (Category: Business)
- Emirates to operate A380 flights to Singapore (Category: Business)
- Emirates to Increase Paris Flights (Category: Breaking News)
- Emirates launches A380 connectivity (Category: Business)
By Dinali Goonewardene Prathilaba was telecast on Rupavahini on Sundays at 10 a.m. The TV documentary, a studio discussion on investing in the stock market was commissioned by the Securities and Exchange Commission and panellists from the stock market industry participated. These included stock brokers, research analysts, fund managers and officials from the Colombo Stock ...
- Invest In Stocks With Good Valuations (Category: Breaking News)
- Investor Day at Negombo tomorrow (Category: Business)
- SEC Investor Day goes to Matara (Category: Business)
- Investor Day in Kurunegala on Saturday (Category: Business)
Edna Group of Ceylon, one of the largest conglomerates in Sri Lanka, has tied up with Dialog Enterprise to provide mobile communication solutions to the group, which includes Dialog BizConnect; an APN (Access Point Network) solution, allowing sales teams to give real time updates from the field. Dialog BizConnect APN (Access Point Network) Solution by ...
- Dialog Axiata opens Enterprise Discovery Centre in Colombo (Category: Business)
- Dialog Enterprise inks deal with Stafford Motors (Category: Business)
- Dialog, Micorimage deploy Lanka’s first cloud based human resource application (Category: Business)
- Commercial Bank of Ceylon and Dialog partner for managed services (Category: Business)
Reuters: North Korean leader Kim Jong-il died of a heart attack while on a train trip, state media reported on Monday, sparking immediate concern over who is in control of the reclusive state and its nuclear programme. A tearful television announcer dressed in black said the 69-year-old had died on Saturday of physical and mental ...
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
- Kim Jong Un’s nephew Kim Han-sol reportedly taken in by CIA after dad’s murder (Category: USA, New York)
After the recent Commonwealth Games in New Delhi, India, critics found three new words for the acronym ‘CWG’ – Corruption, Waste and lack of Governance. The Chairman of the Indian National Olympic Committee, who was Chairman of the Organising Committee, is presently in Tihar Jail, in Delhi with many of his acolytes, on charges regarding ...
- CWG bid money not wasted: Cabraal (Category: Business)
- Gold Coast wins CWG 2018 bid (Category: Breaking News)
- Sri Lanka hosting CWG would inspire 45 other nations – President (Category: Business)
- A month to go for vote, Govt. says momentum building on Hambantota’s 2018 CWG bid (Category: Business)
Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...
- Highlights of the Budget 2012 proposals (Category: Business)
- Sri Lanka Budget 2012: Growth in focus (Category: Business)
- Budget bloats! (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
The Free Dictionary defines impunity as ‘exemption from punishment or loss or escape from fines’. In the context of the international law of human rights, it refers to the failure to bring perpetrators of human rights violations to justice and, as such, itself constitutes a denial of the victims’ right to justice and to bring ...
- The Need to Address Persistent Impunity for Violations and Abuses of International Human Rights ... (Category: Breaking News)
- Power: Opium of the political class (Category: Business)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
Reuters: The Iranian army is conducting a four-day training exercise to test its defences, state TV reported on Saturday, amid rising international tensions over Iran’s nuclear programme. Press TV said the war games started on Friday and were taking place over 800,000 square km in the east of the country. “The initial stage of the ...
- Nuclear stand-off (Category: Technology)
- Hot Plan (Category: Business)
- Nuclear Dispute (Category: Business)
- Iran: Heading toward a nuclear show-down? (Category: Technology)
Reuters: Italy’s president appointed former European Commissioner Mario Monti on Sunday to head a new government charged with implementing urgent reforms to end a crisis that has endangered the whole euro zone. After a frenetic weekend during which parliament passed the reforms and Prime Minister Silvio Berlusconi stepped down to the jeers of hostile crowds, ...
- Italy’s Monti defends reform as opposition grows (Category: Business)
- Italy’s Monti sees end of crisis getting closer (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
- Out: politicos; in: technocrats (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna claims spending Rs. 265 billion on an 11-day extravaganza is intolerable for an economically ailing country like Sri Lanka. Addressing a media briefing the JVP warned that the aftermath of hosting the 2018 Commonwealth Games would not be rosy as the Rajapaksa administration predicts According to JVP Propaganda ...
- Govt. takes vengeance on private sector over pension bill – JVP (Category: Business)
- JVP accuses Govt. of crippling University system (Category: Business)
- AKD’s India visit: ‘JVP will not compromise Lanka’s security and economic interets’ (Category: Breaking News)
- JVP urges public to hold Govt. accountable for “gambling with public money” (Category: Business)
PARIS (Reuters): France announced 65 billion euros of tax hikes and budget cuts over five years, as President Nicolas Sarkozy seeks to protect the country’s creditworthiness in financial markets without killing his chances of re-election in six months time. The main goal was to protect a top-notch credit rating that allows France to fund itself ...
- Sarkozy details measures for growth, jobs (Category: Business)
- Euro zone barely grows in Q3, recession looms (Category: Business)
- Voting begins in France, economy may doom Sarkozy (Category: Business)
- Euro zone crisis reaches France, turns existential (Category: Business)
Singer Sri Lanka recently announced strong third quarter results that validate its dedication to customer satisfaction. In his review, CEO Asoka Pieris noted that the group’s revenue rose to Rs. 15.47 billion at the end of the first nine months. The revenue represents a growth of 37% over the same period of the previous year ...
- Singer Asia – Retail Holdings Board of Directors meet in Colombo (Category: Business)
- Singer Finance opens at Embilipitiya (Category: Business)
- Dialog strikes deal with Singer outlets on bill payments (Category: Business)
- Singer partners Artmatrix (Category: Business)
Airline, unions appear again before govt-ordered labour tribunal Qantas says 447 flights grounded, 68,000 passengers affected since Sat PM calls for end to dispute World leaders at Perth meeting among those affected Rival airlines put on more flights MELBOURNE, Oct 30 (Reuters) – Qantas Airways and its unions appeared before a labour tribunal on Sunday ...
- Qantas chaos casts shadow on Gold Coast bid for 2018 CW Games? (Category: Business)
- Blow for Qantas as talks with Malaysian Airlines end (Category: Business)
- Qantas overhauls with $ 9 b fleet order, two new airlines (Category: Business)
- Fair Work ends Qantas industrial dispute (Category: Australia, Queensland)
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