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;s external sector crisis, warned that the country will have to grapple with “the tyranny ...
- High costs of poor performance or high returns of sound management (Category: Business)
- Appreciating exchange rates: Not a boon always (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- No more IMF loan for Sri Lanka (Category: Breaking News)
The Treasury has defended the Government’s recent decision to increase fuel prices ranging from 30% to 50%, linking it to spikes in global prices, rising losses for CPC and the need to safeguard subsidies to the people. In a statement posted on the Treasury’s website, the Finance Ministry has responded to various allegations as well ...
- Bangladesh raises fuel prices to cut subsidy (Category: Business)
- Flammable economy? (Category: Business)
- GOVERNMENT DEPLORES UNP ATTEMPTS TO EXPLOIT THE OIL CRISIS FOR POLITICAL GAINS (Category: Breaking News)
Managed to divert from crisis to stability through policy changes By Cheranka Mendis Sri Lanka, teetering on the brink of a crisis, just managed to save itself through the recent policy measures taken by the Government such as the exchange rate changes, said the Commonwealth Secretariat Economic
- Flexible exchange rates and impact on exporters (Category: Business)
- Local tea industry in a fix (Category: Business)
- Sri Lanka may need to consider easing monetary policy: PB (Category: Business)
- Borrowed surplus looming, warns Harsha (Category: Business)
’University Crisis’ is the theme of the ’Sambhashana’ panel discussion organised by Transparency International Sri Lanka (TISL) to be held at the auditorium of the Organisation of Professional Associations (OPA), Stanley Wijesundera Mawatha, Colombo
- 20-year vision for the south (Category: South Australia)
- Edinburgh Napier University and BMS launch Global MBA in Sri Lanka (Category: Business)
- Open discussion on ‘Z-score and crisis in education’ (Category: Business)
- Uni students on protest (Category: Breaking News)
By Cheranka Mendis Gathered to discuss the implications, opportunities and challenges of the sudden announcement and introduction of the Government’s new policies, the export community was advised by a panel of experts to watch ahead, be prepared and make their own judgments from the information provided. With the country facing no immediate risks of getting ...
- Quotable Quotes! (Category: Business)
- More Price Increases In The Offing Economist Warns (Category: Breaking News)
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
CB says will intervene in high volatility Dealers say CB employing moral suasion By Shihar Aneez and Ranga Sirilal COLOMBO (Reuters): Sri Lanka’s rupee hit a new record low on Tuesday on importer dollar demand, but a State bank sold greenbacks to reverse the drop in an apparent break with the Central Bank’s new policy ...
- CB expects currency volatility to ease (Category: Business)
- Rupee sinks to record low (Category: Business)
- Rupee down 3.1% after devaluation (Category: Business)
- Markets becalmed (Category: Business)
MELBOURNE (Reuters): Australia captain Michael Clarke won the Allan Border Medal as his country’s Player of the Year for the third time on Monday. Clarke also won the award in 2005 after scoring 151 on his test debut against India in Bangalore and shared it with Ricky Ponting in 2009. The 30-year-old assumed the captaincy ...
- Clarke's delight ahead of Sri Lanka Test (Category: Breaking News)
- Pup becomes top dog (Category: Australia, Queensland)
- 'Disgraceful. Horrible' (Category: Australia, Queensland)
- Michael Clarke ready for selector role (Category: Breaking News)
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
- Entrepreneur and the profit motive (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- State Capitalism: Revitalising underperforming businesses the Mussolini way (Category: Business)
- Governance - Four examples; two bad and two good (Category: Business)
Reuters: Sri Lanka expects crude imports from Iran to drop by at least 10 per cent this year due to a range of inflation-fighting policies that should cool demand, potentially helping it find a way around US sanctions, a Government official said on Friday. The island is facing one of the biggest squeezes from the ...
- Sri Lanka expects 10% drop in its Iran crude demand (Category: Breaking News)
- Sri Lanka’s Iran crude imports may drop up to 20% (Category: Business)
- Sri Lanka suffering huge loss after replacing Iranian oil with Arabian crude (Category: Business)
- Sri Lanka expects 10% drop in its Iran crude demand (Category: Breaking News)
Avoiding a crisis The Pathfinder Foundation (PF) commends the Treasury and Central Bank for the policy measures introduced recently. This has prevented an external payments crisis. Without remedial action, the country would not have been able to meet its debt obligations and/or finance essential
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Do not do too little too slowly to boost growth (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
By Cheranka Mendis Sri Lanka, which has been acting as a transhipment hub for long years, should now start showcasing its abilities, potentials and possibilities in the logistics market to the world. With only two weeks to go for Sri Lanka’s first-ever international logistics exhibition ‘Sri Lanka International Air Freight, Shipping and Logistics Expo 2012’ ...
- First-ever global logistics expo makes good ground for business networking (Category: Business)
- First-ever global logistics expo makes good ground for business networking (Category: Breaking News)
- Sri Lanka ahead in the race of port constructions: SLPA MD (Category: Business)
PCH Plc Chairman S.H.M Rishan, has been awarded the coveted title of Outstanding Entrepreneur at the annual Asia Pacific Entrepreneurship Awards organised for Sri Lanka by Kuala Lumpur based NGO Enterprise Asia. This accolade, which is recognised on a national and regional level, recognised the trailblazing efforts of Rishan and his significant entrepreneurial achievements. The ...
- PCH makes it to top 50 brands again (Category: Business)
- New strategies, nationwide ICT development boost PC House earnings (Category: Business)
- PC House introduces affordable and easy-to-use GPS navigational systems (Category: Business)
- PC House named SAP Business All-In-One partner in Sri Lanka (Category: Business)
Sharp reduction in vegetables prices thanks to higher output could help soften an otherwise sharp spike in inflation following the unprecedented fuel hike and devaluation of the rupee, according to analysts. In recent weeks, prices of vegetables have dropped by as much as 50% or more and this development will make the additional cost following ...
- Food price increase leads to higher inflation rate in July – CB (Category: Business)
- Inflation decelerates in August says Central Bank (Category: Business)
- April inflation up owing to increase in food prices (Category: Breaking News)
- Sri Lanka ends 2011 with inflation remaining at single digit level (Category: Business)
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will hold a one day workshop on the implementation of an integrated risk management framework on Tuesday, 6 March at the Galadari Hotel. Titled ‘Developing and Installing an Integrated Risk Management Framework’ it will be conducted by a top Australian risk management expert. Edmund ...
- CA Sri Lanka, CMA Sri Lanka unite for roundtable on integrated reporting (Category: Business)
- CA Sri Lanka to explore the future of audit and accounting (Category: Business)
- CA Sri Lanka holds CEOs’ Forum (Category: Business)
- 26th National CA Students’ Conference on 4 April (Category: Business)
By Cassandra Mascarenhas Rewarding the most transparent and accountable business entities in Sri Lanka’s corporate sector, the annual ACCA Sustainability Reporting Awards 2011 crowned John Keells Holdings, Aitken Spence Hotels Holdings and HDFC Bank as winners in the large, medium and small sectors respectively yesterday. Janashakthi Insurance was also felicitated for conforming to reporting...
- Rewarding transparency - ACCA Sustainability Reporting Awards on 14 February (Category: Business)
- Aitken Spence Hotels tops Sustainability Reporting Awards again (Category: Business)
- Sustainable Business (Category: Business)
- Sustainability Awards (Category: Breaking News)
The Central Bank yesterday explained some of the events that led to the erosion of reserves that led to the depreciation of the rupee and assured that pressure on the exchange rate would ease, apart from projecting a balance of payments surplus this year. Noting that the current developments in forex market were ‘temporary,’ the ...
- Forex Trade (Category: Business)
- Economic Freedoms (Category: Business)
- Peg Balance (Category: Business)
- Sri Lankan forex market led down by speculation – Ex-Central Banker (Category: Breaking News)
Says Central Bank ‘miserably politicised’; wants change at the top; warns of public, worker agitation UNP MP and its chief spokesman on the economy Dr. Harsha de Silva yesterday said the Government has to blame itself and take responsibility for the current economic crisis
- Increase, to meet IMF conditions; UNP (Category: Breaking News)
- Central Bank report was not independent: Dr. Harsha de Silva (Category: Breaking News)
- Market will beat the Central Bank no matter how powerful the governor is: Harsha . (Category: Breaking News)
- UNP wants CB, EPF officials summoned before Parliament (Category: Breaking News)
The theme of World Consumer Day this year, 15 March 2012, is very opportune, interesting and timely. It is our money, our rights – campaigning for real choice in financial services. There is a doubt whether your money is really yours because it is managed by others. Your money is managed by the Central Bank ...
- World Consumer Day: ‘Our Money Our Rights’ (Category: Business)
- Living with debts (Category: Business)
- Lion leads frontier markets (Category: Business)
Contrary to Government assurance of minimal impact from the unprecedented fuel hike of Sunday, a set of upward price revisions including on bus fares and electricity will become reality from today. Striking private bus operators yesterday won their demand with the Government agreeing to let fares up by 20% with minimum ticket priced at Rs. ...
- Bus operators to protest if govt. fails to respond (Category: Breaking News)
- Private bus owners warn of another fare hike (Category: Business)
- Private bus operators in Sri Lanka could reduce bus fares if a fuel subsidy was given (Category: Breaking News)
- Private bus men vow action (Category: Breaking News)
Reuters: The International Monetary Fund (IMF) on Friday welcomed Sri Lanka’s policy shift towards a flexible exchange rate, saying it will help contain the trade deficit and protect the nation’s dwindling foreign exchange reserves. In a marked policy shift, Sri Lanka’s Central Bank on Thursday said it would allow the market to determine the currency’s ...
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- CB resumes repo auction after two-year lapse (Category: Business)
- Reactions (Category: Business)
- Consistent Policy (Category: Business)
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
- Important issues (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
- Sri Lanka’s economy stands to gain from a stronger Europe: German Envoy (Category: Business)
MALE (Reuters): The former President of the Indian Ocean archipelago of the Maldives sat inside his house awaiting arrest on Thursday after being ousted from his post in what he said was a coup at gunpoint. About 200 supporters stood under umbrellas in the pouring rain outside as Mohamed Nasheed spoke to reporters at his ...
- Maldives charges ex-President with Judge’s detention (Category: Business)
- Maldives President resigns after Police mutiny (Category: Business)
- Nasheed demands election, warns of protests (Category: Business)
- India appeals for peace in Maldives (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)
Indeed with some Spanish and Ptolemy’s nomenclature, it is our sincere wish ‘long live Sri Lanka’ on passing its 64th year of independence from the British. Our period of independence is not greater than the period we were under, but that is not something we should use as an excuse for slow progress since independence. ...
- ‘Power Sri Lanka 2012’ (Category: Business)
- Making Sri Lanka a ‘democratic hub’ for ‘Wonder of Asia’ (Category: Business)
- World’s largest gathering for spirit of entrepreneurship begins today in Liverpool (Category: Business)
- ‘Marketing Roks Challenge’ (Category: Business)
Colombo International Tea Convention discusses trade and marketing of the beverage By Cheranka Mendis Nestled in the dynamic Asian region with a hot beverage to its name, Sri Lanka could benefit well from becoming a ‘tea hub’ in the future, Commonwealth Secretariat Economic Affairs Division Former Director Indrajit Coomaraswamy said. Addressing the Colombo International Tea ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Tea tales (Category: Business)
- Ceylon Tea: To blend or not to blend? (Category: Business)
“We have to give the rural people who comprises 80% of our population the results of giant development works we have initiated in the country. It is not only an expectation but also a challenge which we are ready to take up,” President Mahinda Rajapaksa said. Addressing the 64th Independence Day celebrations at Anuradhapura on ...
- No outside solutions says President (Category: Breaking News)
- Why Are The Structural Changes Necessary? (Category: Breaking News)
- Sri Lanka President enjoys freedom in Colombo (Category: Breaking News)
- National Unity is key to both uniting and developing the Motherland (Category: Breaking News)
AAP: New Sri Lankan skipper Mahela Jayawardene is adamant his unpaid squad can put their money woes and off-field dramas behind them to turn around what’s been a bleak patch of Test and one-day results. Since finishing runner-up to India at last year’s World Cup, Sri Lanka’s form has slumped, falling to series losses to ...
- Jayawardene denies recent slump down to infighting (Category: Business)
- We handled pressure better in series: Mahela (Category: Business)
- Chamara Silva called up as injury cover (Category: Business)
- Jayawardene defends Dilshan and Marsh (Category: Business)
Sydney Morning Herald: This summer’s tri-series will be played amid a backdrop of a pay dispute which sees Sri Lanka’s players owed as much as $US 5million ($4.71 million) due to a cash crisis within the country’s governing body. As Mahela Jayawardene’s team battle the world
- Funds on the way for Sri Lankan players (Category: Business)
- Sri Lankans put on a gutsy show for free (Category: Business)
- Sri Lanka aim to rise above money worries (Category: Business)
- $3 m floor price set for T20 league franchises (Category: Business)
We often hear the word ‘crisis’ mentioned in discussion, speeches, orations, in poetry, fiction, articles, cartoons, within corporate board rooms, on strategic plan presentations, broadcasts, narrowcasts, etc. The word assumes even greater weight depending on what adjective is placed
- From Torrington to Independence Square (Category: Business)
- Crisis: Mitigate or manage? (Category: Business)
- Are we facing a rupee crisis? (Category: Business)
- The real technique of time management (Category: Business)
By Tudor Wijenayake Most Sri Lankan universities seem to be in chaos. The majority of them are closed down due to student unrest, where the Government claims that students are manipulated by left parties and breakaway groups aspiring to come into power. The students may be manipulated, but this level of operation is not possible ...
- Universities in crisis: Key learnings (Category: Business)
- Cleaning university mess: Role of the academics and the State (Category: Business)
- Access To A British Degree After O/L’s At APIIT (Category: Breaking News)
- Reform of university education (Category: Business)
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