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The UNCTAD, in the present context, should focus on addressing the increasing and diverse challenges faced by the developing world. “My delegation welcomes the theme of this conference, with its focus on addressing development led-globalisation towards sustainable and inclusive development paths. While globalisation was an important and positive phenomenon, it should not be encouraged ...
- Development-led globalisation (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
- Sri Lanka’s trade success in EU markets is not accidental, says Rishad (Category: Business)
- Economic development must respect environment: Mahinda tells Rio+20 (Category: Business)
This is a summary of HSBC’s Global Economics Quarterly for Q2 2012 The foundations are weak With the US stock market up around 30% from its lows last autumn, with eurozone periphery bond yields tumbling through much of the first quarter and with the green shoots of an economic spring emerging here and there, it ...
- Asian shares fall on unclear US policy stimulus, Europe (Category: Business)
- Fed ramps up economic stimulus, ready to do more (Category: Business)
- Asian shares rise on hopes of more monetary stimulus (Category: Business)
- Markets up broadly on hopes for Spanish banks, stimulus (Category: Business)
The Merchant Bank of Sri Lanka (MBSL) has created history by opening 16 branches and service centres in a day in different parts of the country as part of its 30th anniversary celebrations. MBSL said the move highlighted the presence of the bank serving the nation across the country and driving home its strength and ...
- MBSL Savings Bank invests in community of Galle with relocated Extension Office (Category: Business)
- MBSL Savings Bank expands footprint to Kurunagala (Category: Business)
- MBSL Savings Bank relocates Kottawa branch (Category: Business)
- MBSL Savings Bank reaffirms commitment in Kalutara (Category: Business)
Professor Buddhadasa Hewavitharana felicitated The legendary Economics Guru of Peradeniya vintage for more than four decades, Emeritus Professor of Economics Buddhadasa Hewavitharana, was felicitated last week by the country’s top policy think-tank, Institute of Policy Studies or IPS and the Department of Economics and Statistics of the University of Peradeniya by releasing simultaneously tw...
- Two books on Sri Lankan economy launched (Category: Business)
- State of SL economy according to IPS: Grow but make it inclusive (Category: Business)
Parliamentary accountability The Parliament, as the country’s foremost representative institution, has the sole authority over national resources and financial allocations and concurrently has a prominent role to play in fiscal responsibility, the budgetary process, economic development and effective transparent economic and financial management, with a view to assuring sustainable growth an...
- Chandra J sends his proposals for 2013 Budget to the President (Category: Business)
- Accelerating growth: catching the wave or missing the bus (Category: Business)
- Time for reflection, reality check, risk mitigation and lessons learnt action (Category: Business)
The sports minister in Sri Lanka has vowed to continue bidding for more international sporting events despite the failure to secure 2018 Commonwealth Games in Hambantota. Sri Lanka lost to Australia’s Gold Coast in Saint Kitts last year, after a lengthy bidding process spending Rs. 880 million. But Sports Minister Mahindananada Aluthgamage told BBC Sinhala ...
- Disaster Warning (Category: Business)
- Fresh Season (Category: Business)
- Government land policy is fair- Keheliya (Category: Breaking News)
- Mahinda Rajapaksa resigns as Prime Minister (Category: Breaking News)
While the government is fully capable of dealing with any pressures that come from Geneva, New York or Washington, it is the public servants and heads of corporations who should ensure good governance to improve the image of the country internationally, said President Mahinda Rajapaksa. Addressing a gathering of public servants, heads of state corporations, ...
- “Miraculous Sri Lanka” goal can be reached through public service dedication (Category: Breaking News)
- Economic hubs should take correct decisions to meet public needs – Basil Rajapaksa (Category: Breaking News)
- Commit to fulfill responsibility of publishing accurate information - President tells media secr... (Category: Breaking News)
- UPFA SAYS ELECTION VICTORY IS A STRENGTH TO FACE GLOBAL CHALLENGES (Category: Breaking News)
nInternationally-renowned risk consultant David Roden in town Capital Alliance, a full-service investment bank will focus on highlighting to the industry this week on best practices in risk management for emerging markets. Concentrating on the industry’s financial institutions, CAL along with David Roden will spend two days in Sri Lanka, meeting with senior bank executives including ...
- David Roden on banking sector risk management (Category: Business)
- CA Sri Lanka to conduct workshop on Integrated Risk Management (Category: Business)
- FRM for Lalith J. Fernando (Category: Business)
By Cheranka Mendis Even if the status of the world economy seems to have found a rather fragile equilibrium with Europe over the past six weeks, the world is no closer to being immune from the risks that have cropped up as a result of the European and USA led recession and changes in world ...
- S&P says Asia will pull through hard times (Category: Business)
- Emerging Asia’s 2012 growth cut to 6.8% from 7.4% (Category: Business)
- Lion leads frontier markets (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
UAE businessmen are rushing to Sri Lanka as the country opens up its doors for competitive trade. More than 50 business personnel from Dubai and other emirates are camping in Sri Lankan to explore business opportunities. President Mahinda Rajapaksa inaugurated Expo 2012, where over 370 exporters are showcasing a wide array of goods and services. ...
By Cheranka Mendis Despite the risk of negative global conditions worsening the ground situation in Asian countries, rating service Standard & Poor’s believes that by and large the region will continue to grow, with most countries now building resilience to face and absorb shocks. Standard & Poor’s Rating Service South East Asia Managing Director Surinder ...
- CMA CGM announces new revenue restoration program (Category: Business)
- Heineken wins control of Tiger beer maker; focus shifts to F&N (Category: Business)
- E&Y launches 2012 Asia-Pacific Tax Policy and Controversy Outlook (Category: Business)
- 70% of world’s busiest inter-city routes within Asia says Amadeus (Category: Business)
Arguably, the silver lining in the currency depreciation is that Sri Lanka’s exports will grow, or it seems to be that at first glance. Yet, deepening the gloom, there is increasing concern that import-dependent exports such as apparel will take a hit from the plummeting rupee, resulting in the US$ 12 billion target being left ...
- February exports jump shows January passing cloud now cleared: Rishad (Category: Business)
- Rishad says industries driving exports surge encouraging (Category: Business)
- Overseas Appetite (Category: Business)
- Dubai H1 exports grow 36pc to $12.2bn (Category: Business)
Capital Alliance, a full-service investment bank will be hosting one of Asia’s foremost Investor Relations experts, Jonathan Zax, in Colombo this week. Zax’s investor relations efforts have been frequently recognised by the international financial community through top rankings in polls by Asiamoney, Finance Asia, Lafferty Group and Investor Relations Magazine. Last year, he received a...
- Capital Alliance, CT CLSA win top Sri Lanka’s CFA capital market awards (Category: Breaking News)
- HNB continues capital raising spree; gets $ 25 m for Tier 2 funding via DEG Germany (Category: Business)
- Sri Lanka can be an Islamic finance hub (Category: Business)
NEW DELHI (Reuters): India’s businesses, already facing high interest rates and a global economic slowdown, worry that the finance ministry will ask them to shoulder a bigger tax burden in the budget set for release on Friday to trim the fiscal deficit. After a drubbing in recent state elections, the government has little room to ...
- Obama unveils big spending election-year budget (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
- India says fiscal deficit target will be hard to meet (Category: Business)
- IMF welcomes Sri Lanka’s reforms announced in the budget (Category: Breaking News)
My column today is an attempt to focus our attention on a few less spoken or untold developments that may have a profound influence on how we carve our way through in creating a desirable social, economic and political future for mankind on this only planet of ours. While I will not specifically touch on ...
- Development-led globalisation (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
- UNCTAD should address challenges faced by developing world (Category: Business)
- Global trends in investment (Category: Business)
Is the consumer the king? Today the consumer is celebrating World Consumer Day, organised by Consumer International, to show power and strength by flexing muscles of worldwide consumer organisations. People say the consumer is powerful and he is the king and kingmaker. Traders say the consumer is always right. It may be so in other ...
- Does your money really belong to you? (Category: Business)
- Living with debts (Category: Business)
- Price Control, Regulation Of Trade Or Consumer Education For A Proper Consumer Regime? (Category: Breaking News)
In its first CEO Forum for the year 2012, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) featured top Australian expert Westpac Banking Corporation Head of Risk-Reward Edmund Bosworth who explored in detail the post global financial crisis scenario facing the world
- Economy grew fastest in second half of last year – World Bank (Category: Breaking News)
- At youth forum, UN labour chief warns of ‘growing discontent’ (Category: Business)
- Amcham CEO Forum on Tuesday to provide fresh perspective to leadership, innovation (Category: Business)
- SLIC wins at LACP Vision Awards 2011 (Category: Business)
Reuters: The Congress party’s drubbing in assembly elections proved beyond doubt that its populist politics failed to resonate with voters, and yet investors and consumers alike are bracing for more of the same from the besieged ruling party. Hemmed in by maverick allies and the fallout from a slew of corruption scandals, the Congress party-led ...
- Indian Govt. suspends foreign supermarket entry after backlash (Category: Business)
- Rahul Gandhi may succeed as Congress chief in weeks — report (Category: Business)
- India chooses President, reforms seen on agenda (Category: Business)
- Ailing matriarch Sonia puts Gandhi dynasty at crossroads (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 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)
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)
before it, such as global crisis, European debt crisis, financial crisis, real estate crisis or a ...
- 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)
Reuters: Sri Lanka and the International Monetary Fund (IMF) meet this week amid a standoff over the Central Bank’s defence of the rupee currency, which has cost $ 2.6 billion in foreign exchange reserves since July – the same amount the global lender has pledged to loan. Bucking all its Asian peers, Sri Lanka has ...
- Sri Lanka says doesn't need IMF money (Category: Breaking News)
- SL does not need IMF money (Category: Breaking News)
- SL does not need IMF money, Cabraal (Category: Breaking News)
- Reactions (Category: Business)
Regulatory pressure mounted further over the course of 2011 – bad news for financial services firms, but good news for the consultancies to which they turned for help. Ernst and Young topped the Operational Risk and Regulation consultancy rankings again in 2011 (http://www.risk.net/operational-risk-and-regulation/feature/2135016/orr-consultancy-rankings-2011), and the New York-based head of ...
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session held in May 2010 in New Delhi, Sri ...
- UN meeting on tea opens in Colombo (Category: Business)
- Cheers for FAO/IGG (Category: Business)
- Sri Lanka kicks off 20th session of FAO/IGG (Category: Business)
- Plantation Problem (Category: Business)
Sri Lanka businesses and their leaders are optimistic of prospects for 2012 whilst they are also confident the country will progress in the New Year according to key findings of a CEOs survey done by MTI Market Research. “Despite concerns about the global economic outlook, Sri Lankan businesses seem confident that the local economy and ...
- Time for Sri Lankan businesses to tighten their belts says MTI CEO (Category: Business)
- Sri Lanka Economic Summit to bring the economy in perspective (Category: Breaking News)
- Global Commerce Excellence awards next week (Category: Business)
- Ceylon Chamber spearheaded repositioning post-war Sri Lanka forum kicks off today (Category: Business)
Facing the short-term economic challengesThe macroeconomic imbalances Sri Lanka has achieved a growth rate of 8.3% last year and inflation fell to 4.9% year-on-year in December 2011. These are noteworthy achievements at a time when the global economic landscape has been hostile with a slowdown in the US and a crisis in Europe; key markets ...
- CCC says no room for complacency (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Enhancing confidence in the Sri Lankan economy (Category: Business)
A pioneering Sri Lankan finance company, Alliance Finance has increased its profit after tax by a phenomenal 406% during the six months ended September 2011 compared with September 2010. Alliance Finance AGM – Deposits Champa Nakandala said that the company has witnessed a significant growth last year on all fronts with its deposit base reaching ...
- Capital Alliance Finance to debut on CSE tomorrow (Category: Business)
- Capital Alliance Finance to list through introduction (Category: Business)
- Capital Alliance Finance tops on debut (Category: Business)
- Orient Capital ventures into money broking business (Category: Business)
The newly elected president of Sri Lanka Cricket (SLC) has once again has predicted that at least five years will be needed to resolve its financial crisis. Upali Dharmadasa, who was elected uncontested on 03 January, said the SLC will get a considerable amount of income from future tours
- SLC hires former ICC Chief Lorgat as Special Adviser (Category: Business)
- Former Lanka cricket chief Thilanga wants his position back (Category: Business)
- SJB calls for sacking of SLC management (Category: Breaking News)
- South Africa backs Sri Lankan cricketers’ pay dispute: Smith (Category: Business)
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