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Govt. calls for strong energy conservation to prevent shortages, says hydro at 12%, CEB loses Rs. 200 m a day By Uditha Jayasinghe Despite the drought, the Government yesterday assured that there would be no power cuts but stressed on the need to increase power conservation to continue generation until the next monsoon season. ...
- Losses For This Year Rs. 29 Bn Says Minister (Category: Breaking News)
- CEB Spends Rs. 4.5 Million For Stall (Category: Breaking News)
- No light for CEB! (Category: Business)
- CEB is not a burden on national economy, says Power Minister (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
- 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)
Overview With the end of the civil war, Sri Lanka is now experiencing a higher growth in the number of tourist arrivals, despite the much anticipated crisis in its economy currently, along with many infrastructure developments taking place to better the country’s standard. According
- Orient Capital ventures into money broking business (Category: Business)
- Mobitel checks in to Foursquare Social Network (Category: Business)
- Perera & Sons enters social media world with a bang (Category: Business)
- JICA will not fund projects in Sri Lanka until debt restructured (Category: Breaking News)
LONDON (Reuters): Aviva, Britain’s second biggest insurer, will on Thursday unveil plans to sell or close up to a quarter of its businesses in a shake-up designed to bolster its finances and reinvigorate its flagging share price. The company, whose weak stock market performance led to the removal of chief executive Andrew Moss in May, ...
- Aviva NDB Finance Lanka in internal share re-organisation (Category: Business)
- Aviva dips, NDB stocks’ rise persist (Category: Business)
- Aviva adds Sri Lanka, S. Korea, Malaysia to Asia exit list: Report (Category: Business)
- Upul appointed Deputy MD at Aviva NDB Insurance (Category: Business)
An estimated 150,000 acres of paddy will be affected by the ongoing drought and thousands of people will be directly affected by their crops failing. The numbers that are filtering through are shocking and causing worries not only for the Government but the public in general. The drought has resulted in hydro electricity generation dropping ...
- Sri Lanka to launch an urgent development programme for drought-stricken people (Category: Breaking News)
- Sri Lankan government allocates 3.7 billion rupees for drought relief (Category: Breaking News)
- President directs immediate relief to drought-stricken farmers (Category: Business)
- Parts of England hit by drought (Category: Technology)
The Standard and Poorandrsquo;s (Sandamp;P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable.
UNP MP Karu Jayasuriya has called for the Opposition parties to unite to abolish the Executive Presidency saying it was the singular enemy of Sri Lanka. Here is the full text of Jayasuriya’s statement: Everything that presently ails Sri Lanka hinges on a single factor – the Executive Presidency that concentrates all power in the ...
- Majority support Constitutional Amendments (Category: Breaking News)
- Mahendra Percival Rajapaksa is now the King of Sri Lanka (Category: Breaking News)
- Former Deputy Leader of Sri Lanka's main opposition calls on opposition to unite against executi... (Category: Breaking News)
- Restoring The Parliamentary System, The Womb Of Racism, Discrimination, Separatism & Civil Wars,... (Category: Breaking News)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
- Green growth not targets needed for 2015 climate deal (Category: Business)
- Climate change: The definitive challenge of the 21st century (Category: Business)
- Be a part of Earth Hour 2012 (Category: Business)
- Climate Change: A Red Flag For Environmental Security In Sri Lanka (Category: Breaking News)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
The Sri Lanka Economic Association (SLEA) on Friday 29 June will launch a book titled “Achieving Economic Goals in the Midst of Global Challenges” containing the proceedings of its 2011 Annual Sessions. It will be held at HARTI Auditorium, Hector Kobbekaduwa Agrarian Research and Training Institute, 114, Wijerama Mawatha, Colombo 7 at 4.30 p.m. SLEA ...
- Open Forum on agriculture (Category: Business)
- EXPLAINER: What caused Sri Lanka’s economic collapse? (Category: Breaking News)
By Shelton Dharmaratne Changing global trends will continually pose challenges to economic theory and policy and the ways in which we analyse tourism activity. Sri Lanka Tourism’s public policies are trapped in a dynamic, ongoing process and it has become increasingly evident that the Government is struggling to comprehend the tourism industry, its impact and ...
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Business)
- Possible contribution to national reconciliation through tourism (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
Predicts that Sri Lanka will face formidable challenges in the future unless the issues of social protection are addressed now These views were shared at the inauguration of a workshop titled ‘Promoting Productive Social Protection and Labour Systems in Sri Lanka for Inclusive Growth: Developing an Integrated Social Protection and Labour Strategy,’ organised jointly by ...
- Promoting productive social protection (Category: Business)
- Sri Lanka must address social protection issues - Senior Minister Gunasekera (Category: Breaking News)
- Insurance: The Great Protector (Category: Breaking News)
Request to present a public petition before the Committee on Public Petitions Following is the text of an open letter sent by good governance activist Chandra Jayaratne to the Leaders of Peoples Alliance Parliamentary Group, United National Party Parliamentary Group, Tamil National Alliance Parliamentary Group, Janatha Vimuthi Peramuna Parliamentary Group, Democratic National Alliance Parliamentar...
- Public views sought for National Educational Bill (Category: Breaking News)
- India calls on TNA to find solution through Select Committee (Category: Breaking News)
- Ex-COPE chief denies he was behind prorogation of Parliament (Category: Breaking News)
- COPE Lists Over 200 Public Entities (Category: Breaking News)
Around two weeks back when I was invited to address the business chambers of Pakistan in Karachi, I realised that the bond between the people of Pakistan and Sri Lanka was not due to business or commerce but the game of cricket. Whenever I mentioned cricket in my addresses, there was a round of applause ...
- Sri Lanka makes it to 2013 Future Brands Country report (Category: Business)
- Branding Sri Lanka (Category: Business)
- Sri Lankans put on a gutsy show for free (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
- Taming the ‘monsters’ (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
President Mahinda Rajapaksa has arrived in Sri Lanka early Sunday after completing a successful tour in Cuba and Brazil where he participated in the United Nations Conference on Sustainable Development (UNCSD), Rio+20 held in Rio de Janeiro. During his tour in Cuba prior to the Rio+20 summit, the President met with the Cuban Leader Raul ...
- Sri Lankan President returns after successful tour in Cuba and Brazil (Category: Breaking News)
- President to deliver speech at Rio+20 summit (Category: Breaking News)
- Sri Lankan President leaves Havana for Brazil to attend Rio+20 (Category: Breaking News)
- Manmohan Singh pressured Lankan president at Rio+confereance (Category: Breaking News)
Differences of opinion are normal It is not unusual for one to find instances where there is a difference of opinion as to how one sees oneself and how others see him. Such differences invariably lead to hurling charges at each other and even making counter-charges to prove that the original opinions expressed had all ...
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- S&P’s soother! (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
President of the UNCSD, Secretary General of the UN, excellencies, ladies and gentlemen, it is indeed a great pleasure for me to be here in Rio de Janeiro and to share my thoughts at this momentous event. The presence of so many Heads of State and Governments, Senior Ministers, Officials and thousands of members of ...
- Rio+20 and the developing world (Category: Business)
- President faults developed nations for environmental crisis (Category: Breaking News)
- Saving environment: not task of developing countries alone: President at Rio+20 (Category: Breaking News)
- World leaders gather at RIO for Sustainable Summit (Category: Breaking News)
The Central Bank of Sri Lanka notes with grave concern, a statement by Standard and Poor’s, issued yesterday, on the Sri Lankan Banking System and wishes to state that the statement is factually incorrect, illogically analysed, and is highly contradictory. 1. Soundness of the Banking System Quite contrary to the rationale for the statement, Sri ...
- S&P fires warning on Sri Lankan banking system; ranked along with Nigeria (Category: Business)
- Understanding Standard & Poor’s BICRA Assessment Of Sri Lanka (Category: Business)
- Sri Lankan Banking Industry face ‘economic & Industry’ risk – S&P (Category: Breaking News)
- S&P’s soother! (Category: Business)
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
Central Bank has termed the first quarter economic growth as better than expected, according to a report filed by Reuters. “It is better than what we expected,” Reuters quoted Central Bank Assistant Governor K.D Ranasinghe as saying. “For the full year our forecast is 7.2 per cent,” he added. A Reuters poll of 10 analysts ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Sri Lanka Q3 GDP seen expanded 8.0%; full year 8.1% (Category: Business)
- Thai Q4 GDP slumps due to floods; seen improving in 2012 (Category: Business)
- CB seen keeping rates steady for fifth straight month (Category: Business)
Speaking at a forum organised by KPMG in Sri Lanka for chief financial officers and chief risk officers of banking institutions, KPMG India’s Partner and Head of the Financial Risk Management (FRM) practice, Rohit Bammi emphasised that local banks have the opportunity to further enhance their risk management functions. In his opening remarks, Rohit discussed ...
- Nirmal appointed to Watawala Plantations Board (Category: Business)
- David Roden on banking sector risk management (Category: Business)
- ACCA Global Forum calls for more Governments to focus on small biz (Category: Business)
The Oxford Dictionary definition of ‘inept’ is ‘acting or done with no skill’. An ineptitude results is such behaviour being manifested An ‘Inept’ocracy’ has been defined in the Urban Dictionary as ‘a system of government, where the least capable to lead are elected, by the least capable of producing, and where the members of society ...
- Suu Kyi’s party claims landslide win in Myanmar vote (Category: Business)
- ‘Burmese Lessons’ for Sri Lanka (Category: Business)
- Myanmar: South Asia’s other ‘Small Miracle’? (Category: Business)
All newspapers carried headlines a few days ago stating that May 2012 tourist arrivals have increased by 17.5% from last year. It is reported that the May arrivals of 57,506, was higher than even that of April, which showed only a 9% increase YOY. So far, total arrivals for 2012 up to end May is ...
- Showcasing Sri Lanka and driving demand (Category: Business)
- 2012, another positive year for tourism – BMI (Category: Business)
- More hotels to satisfy demand (Category: Business)
Reuters: Sri Lanka may need to consider easing monetary policy if trade data for May and June point to significant weakness in global demand for the island’s goods, the Treasury Secretary told Reuters on Thursday. A further export slowdown would put additional pressure on the economy as domestic demand has already shown signs of cooling ...
- Rupee hits record low ahead of rates decision (Category: Business)
- Inflation seen at 42-month high in July (Category: Business)
- Rupee slips on importer dollar demand; stocks flat (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
RIO+20 is the next focus point for the world and as President Mahinda Rajapaksa takes Sri Lanka’s concerns to this international forum, it is perhaps time for a larger discussion on its importance to a developing country as well as the world at large. Twenty years ago, it was mostly people who were displaced by ...
- 'Agreement reached' at Rio summit (Category: Technology)
- Economic development must respect environment, Sri Lankan President tells Rio+20 conference (Category: Breaking News)
- Sri Lanka and Iran for a new world order (Category: Breaking News)
- ‘Colombo+20: The Future We Want’ on 1 July (Category: Business)
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
Despite the Central Bank’s positive Monetary and External Performance reports this week, the Ceylon Chamber of Commerce (CCC) has called for vigilance in moving forward. Releasing a statement yesterday, the CCC noted that the Government had introduced a package of courageous macroeconomic stabilisation measures in February 2012. “These were necessary to avert the balance of ...
- Chamber of Commerce expresses views on the Economy (Category: Breaking News)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Appropriate actions prompt Fitch to affirm Sri Lanka at ‘BB-’; Outlook Stable (Category: Business)
- Sri Lanka’s External Finances under Pressure – Fitch (Category: Breaking News)
Sri Lanka is the only country that is not facing the energy crisis in the South Asian region, WB South Asia Region Senior Operations Officer Diep Nguyen-van Houtte said. She noted that with one third of the population going without electricity in the region, causing huge constraints on growth
- Sri Lanka, first in Asia to follow energy management system (Category: Breaking News)
- Sri Lanka, first in Asia to follow energy management system (Category: Breaking News)
- Sri Lanka, first in Asia to follow energy management system (Category: Breaking News)
- Sri Lanka, first in Asia to follow energy management system (Category: Breaking News)
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