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With the rejection of the Cabinet decision proposed to resolve the problem of university academics, the issue seems to be dragging without a settlement. The lecturers’ main demands are a salary increase, increase in Government funding of the education system to 6% of GDP (Gross Domestic Product), end to political interference in education, and establishment ...
- Universities in crisis: Key learnings (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- English as medium of instruction at Law College (Category: Breaking News)
- Medical education at crossroads (Category: Breaking News)
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
New chief ministers for Sri Lanka’s North Central and Sabaragamuwa provinces were sworn-in before President Mahinda Rajapaksa yesterday. Maheepala Herath as Chief Minister for Sabaragamuwa Province and S.M. Ranjith as Chief Minister for North Central Province took oaths from the President. Both chief ministers have secured the highest number of preferential votes at the provincial ...
- Ranjith, Herath takes oaths as new CMs (Category: Breaking News)
- New chief ministers sworn in for North Central and Sabaragamuwa provinces of Sri Lanka (Category: Breaking News)
- Chief Ministers pledge to strengthen Government (Category: Breaking News)
- Washington school a finalist for Obama to speak at commencement (Category: USA, Washington)
AFTER more than four years, Sri Lanka can after this week say that there are no Internally Displaced People (IDPs) in the country – officially, at least. Sri Lanka has begun resettling the last of its internally displaced on Monday, but the move has been criticised by the main Tamil party, that claims they are ...
- Nearly 40,000 IDPs in camps (Category: Breaking News)
- Nearly 40,000 IDPs in camps (Category: Breaking News)
- Indian company bags 50-crore project to build houses for IDPs in Sri Lanka (Category: Breaking News)
- Send a team to SL: Congress MPs (Category: Breaking News)
Hosts candle lighting events and suicide prevention walk programsBy Ruzaik Farook Sri Lanka Sumithrayo Colombo, under the global umbrella theme ‘Suicide prevention across the globe: Strengthening protective factors and instilling hope,’ and the localised subtheme ‘Don’t despair, we care,’ organised a candle lighting event to remember those who have died by suicide on ...
- An average of 12 persons commits suicide everyday in Sri Lanka (Category: Breaking News)
- Suicide Prevention Day commemorated (Category: Breaking News)
- Tragic numbers (Category: Business)
- Woman throws child in river and attempts suicide in Wattala (Category: Breaking News)
Fitch Ratings Lanka has affirmed Seylan Bank PLC’s (Seylan) National Long-Term rating at ‘A-(lka)’. The Outlook is Stable. A full list of the bank’s ratings is provided at the end of this commentary. Seylan’s rating reflects Fitch’s expectations of support from the State of Sri Lanka if required, given the bank’s systemic importance. However, the ...
- Fitch upgrades Seylan Bank to ‘A-(lka)’ (Category: Business)
- Fitch Affirms Seylan Bank at ‘A-(lka)’/Stable (Category: Breaking News)
- Fitch rates Seylan Bank’s subordinated debt ‘BBB+’ (Category: Business)
- Implied Support (Category: Business)
Commendable achievements Over the years Sri Lanka has gained a considerable reputation for its achievements in social development. It punches above its weight on the UNDP’s Human Development Index. It has also performed very well in meeting the internationally agreed Millennium Development Goals (MDGs), which focus on indicators related to poverty, health, education and gender ...
- From poverty to sustainability in Sri Lanka (Category: Business)
- Equity and well-being in Sri Lanka (Category: Business)
- “Connecting People to Prosperity” in Sri Lanka. A reality check with “Mahinda Chinthanaya” (Category: Breaking News)
- ‘Divi Neguma’ Dept: Development catalyst, dependency creator or a white elephant? (Category: Business)
In yet another initiative towards a greener tomorrow, the Cinnamon Grand Sustainability Division held an energy savings seminar for the hotel’s employees from departments which deal with heavy electricity usage. The Green Forum, aimed at spreading environmental wisdom for a greener future, focused onelectricity preservation, at home and work. Hence, the interactive seminar was one ...
- Cinnamon Grand promotes energy efficiency and sustainable development, all year long (Category: Business)
- Friendly energy costs too much (Category: AU, New South Wales)
- Scrapping power plan won't halt rate hikes: study (Category: Canada, Ontario)
- Lights off and Earth on at Cinnamon Grand (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)
MP Mangala Samaraweera yesterday in a statement has jeered the recent rebound in the Colombo stock market as well as the appointment of the new Chairman at the Securities and Exchange Commission (SEC), in addition to being highly critical of the so-called mafia of investors. Following is the full text of Samaraweera’s statement: In an ...
- TISL wants Govt. to strengthen resolve against “stock market mafia” (Category: Business)
- SEC to improve CSE structure (Category: Breaking News)
- Former SEC Chief Tilak insists no overregulation (Category: Business)
- Tilak insists no overregulation (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 may be overblown three years after the end of the ...
- 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)
THE Government’s move to use the Labour Commissioner to arbitrate for a solution to the academics strike ended in yet another dead end, prompting questions of whether the Government is prepared to take a serious step to solve the crisis. The offer was rejected for two reasons
- University academics on token srike on Tuesday (Category: Breaking News)
- Govt. closes all universities due to ongoing academics’ strike (Category: Business)
- Dimmed hope (Category: Business)
- Save student involvement (Category: Business)
It is unfortunate that today many impressions of Sri Lanka in foreign countries are based on unverified facts, and wrong or deliberately manipulated disinformation, carried out by those who once supported the forces of terror. These same elements continue to sow the seeds of division and separatism through various media, and also influence politicians in ...
- Commonwealth is here! (Category: Business)
- President tells Commonwealth delegates that Sri Lanka is steering on the democratic path after e... (Category: Breaking News)
- President tells CPA – “See the truth about Sri Lanka: against barrage of lies by agents of terror” (Category: Breaking News)
By Shanuka Tissera Amendments to the Petroleum Products (Special Provisions) Act have been finalised and approved by the Attorney General. It is expected that both bills will be presented to Parliament shortly for enactment. Pending the enactment of new legislations, the Cabinet of Ministers has appointed the Public Utilities Commission of Sri Lanka (PUCSL) as ...
- Lanka Lubricants losing market share at a slower pace: Arrenga Capital (Category: Business)
- In-depth workshop on lubricant industry today (Category: Business)
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
Conducts training for top military officers from 28 nations in Singapore Following an invitation from the United States Pacific Command (USPACOM), CICRA Consultancies, the premier cyber security training and consultancy company in Sri Lanka, participated in ‘Cyber Endeavour’ Program of the USPACOM held recently in Singapore. CICRA also conducted a full day training session on ...
- CICRA to host two Sri Lankan teams at Global Cyberlympics (Category: Business)
- CICRA, EC-Council sponsor first-ever Hacking Challenge and Information Security Quiz (Category: Business)
- First group of CICRA Certified Ethical Hackers passes out (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)
The 33rd National Conference of Chartered Accountants structured by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held from 18 to 20 October at Waters Edge under the theme ‘Winning: Country, Corporate, Citizen’. It will be a three-day conference with six technical sessions that will feature a panel of highly ...
- CA Sri Lanka’s Vindya Cooray brings honour to Sri Lanka (Category: Business)
- 26th National CA Students’ Conference concludes on a high note (Category: Business)
- 26th National CA Students’ Conference on 4 April (Category: Business)
- Confident Sujeewa takes up new role as CA Sri Lanka President (Category: Business)
2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
- Hub is no hoodoo, says TEA (Category: Business)
- Tackling tea travails (Category: Business)
- Tea exporters want Gota to defeat mafia (Category: Business)
- Industry discusses Ceylon Tea’s ‘ExclusiviTea’ (Category: Business)
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
- The other red meat (Category: Australia, Tasmania )
- Battle of the superfoods (Category: Business)
- Mervyn Silva offers she-goat to Goddess Kali (Category: Breaking News)
- Marauding goat Billy attacks trio (Category: Australia, Victoria)
The Lanka Micro Finance Practitioners Association (LMFPA), as the apex body of MFIs, in its bid to address and create awareness about development and current status of the industry including best practices commenced a series of Enabling Dialogues, where CEOs, general managers, directors of companies engaged in micro-financing (including licensed commercial banks and non-ban...
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
- Rs. 120 m Trade Finance and Investment IPO oversubscribed (Category: Business)
- Veteran banker P.V. Pathirana joins CIFL (Category: Business)
According to figures collected by PATA, international visitor arrivals into Asia Pacific destinations during May 2012 show a collective gain of 3% year-on-year. This is the second consecutive month with a declining growth rate. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up ...
- Asia Pacific enjoys impressive tourist arrivals growth (Category: Business)
- Asia Pacific tourism records 6% growth in 2011 – PATA (Category: Business)
- PATA says international arrivals up in April but growth rate slows (Category: Business)
- Asia dominates in Asia Pacific tourism boom – PATA (Category: Business)
The much-longed-for monsoon rains are lashing at the capital Colombo and other parts of the south west as Sri Lanka gears up for yet another provincial election and international challenges pertaining to its post-war accountability and reconciliation plans in the days and weeks ahead. The much-longed-for monsoon rains are lashing at the capital Colombo and ...
- Sri Lanka's main opposition accuses government of using sacred relics for election propaganda (Category: Breaking News)
- Kapilavastu Relics exposition in SL after 33 years (Category: Breaking News)
- India rejects request for Kapilavastu exposition at Temple Trees (Category: Breaking News)
- Towards impunity and democratic erosion (Category: Business)
All Sri Lankan universities except for the medical faculties have been closed down, but for most citizens, who have observed crisis after crisis in the education sector, this latest development is nothing new. The big difference is currently it is the university teachers who are on strike
- Chaos in universities: A solution? (Category: Business)
- Cleaning university mess: Role of the academics and the State (Category: Business)
- Reform of university education (Category: Business)
- English as medium of instruction at Law College (Category: Breaking News)
SRI LANKA’S rubber industry is wary over the possibility of increased prices as the world’s top producers gather to stabilise global prices this week, raising age old questions over productivity, replanting, value addition, technology infusion and a host of other issues. The Three-Nation Rubber Products International Conference in Bandung, Indonesia, this week will see ...
- Global rubber output seen up 2.6% in 2012: ANRPC (Category: Business)
- 2012 global rubber output forecast cut after Q1 fall (Category: Business)
- Ministry takes steps to increase production of rubber (Category: Business)
- CRTA wary on prices as major rubber producers curb exports (Category: Business)
In an exclusive interaction with the Gamechanger Team on the sidelines of the SLPL match between Basnahira Cricket Dundee and Uva Next, the Secretary of Sri Lanka Cricket Nishantha Ranatunga opened up with his thoughts on the Mahindra Sri Lanka Premier League, its future in the Sri Lankan cricket system and what it would do ...
- SLPL boost for tourism next month (Category: Business)
- Sri Lanka Premier League forges ahead (Category: Business)
- Brian Lara, MCC Chief lift SLPL to the world (Category: Business)
- Sri Lanka Premier League (SLPL) to begin from August 10 (Category: Sports)
Transparency International Sri Lanka (TISL) yesterday called upon the government to take necessary actions to resolve the present situation at the Securities and Exchange Commission (SEC) in a manner that will not negatively impact on market confidence.
Last week I met up with some key business people from Indonesia, which does heavy trading with China on the basis of subcontracted business, and is now attempting to diversify its business due to the volatility of the Chinese economy. This made me conduct some research on the Chinese economy. The findings highlighted the need ...
- Village as a developmental unit (Category: Business)
- China on track to meet 2012 growth target: Wen (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- China’s tight job market defies economic downturn (Category: Business)
By Cheranka Mendis Attempts by the three major rubber producing countries – Thailand, Indonesia and Malaysia – to stabilise the market price of rubber by restricting exports and raising prices will propel local the rubber industry to follow suit with similar rises. Colombo Rubber Traders Association Chairman M.S. Rahim told the Daily FT that if ...
- No bounce at 2012’s first Colombo rubber auction (Category: Business)
- No takers for rubber! (Category: Business)
- FACTBOX:How Asia’s rubber producers intervene on prices (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
By Cassandra Mascarenhas Crisis management has become a hot topic in today’s corporate world for as economies grow, the challenges faced by businesses increase exponentially which has led to organisations having to negate the effects of crises faced at every corner. Understanding
- Blues just lacking confidence: Simpson (Category: Australia, Victoria)
- Kindness in Crisis (Category: USA, Maryland)
- Kindness in Crisis (Category: USA, Maryland)
- Kindness in Crisis (Category: USA, Maryland)
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