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Reuters: G20 finance chiefs and central bank heads meet in Paris on Friday urgently needing to find a convincing solution to a deepening euro zone debt crisis that has fanned fears of a global slide into recession. A source at the French finance ministry — which is battling to flesh out the bones of a ...
(Reuters) : For an October revolution, dress warm. That's the word going out – politely – on the Web to rally street protests on Saturday around the globe from New Zealand to Alaska via London, Frankfurt, Washington and, of course, New York, where the past month's Occupy Wall Street movement has inspired a worldwide yell ...
The Young Entrepreneurs Sri Lanka (YESL) and the Ladies’ College Department of Vocational Studies (DVS) entered into a collaborative agreement last week for bilateral expansion of activities in the field of human resources development. YESL is a Not for Profit Company by Guarantee, Member/Franchise Holder of Junior Achievement (JA) Worldwide (commenced in 1919 in USA, ...
Sri Lankan born Cecil Balmond has been shortlisted for the Prince Philip Designers Prize 2011, the winner of which will be announced on Tuesday 29 November. The prize is Britain’s longest running design award, celebrating design careers which have made an outstanding contribution to British business and society. Previous winners include inventor Sir James Dyson ...
NEW DELHI (Reuters) : India hosts the leaders of Myanmar and Vietnam this week, giving New Delhi the opportunity to forge closer economic and security ties with two countries encountering testy relations with India’s giant regional rival, China. Hungry for reclusive Myanmar’s natural gas reserves, timber and farm exports to feed its rapidly expanding economy, ...
By Harsha Udayakantha Peiris A new book in Sinhala on strategies of Foreign Trade in Sri Lanka by B.A.H.P.Sumith Peiris was launched at the Cargo Operations Centre of the Sri Lanka Ports Authority (SLPA) in Peliyagoda recently with the initiative of the Minister of State Resources & Enterprise Development Dayasritha Thisera. The newly published book ...
Steve Jobs, who died on Wednesday, was a singular figure in American business history. He will go in the pantheon of great American entrepreneurs, inventors, and innovators, alongside John D. Rockefeller, Henry Ford, and Sam Walton. Jobs didn’t invent computer technology, or the cell phone, or the notion of digitising music. But he invented methods, ...
MP charges that Government is focusing only on physical infrastructure and adopting a top-down development approach instead of a more inclusive and participatory humane political futureUnited National Party Parliamentarian Eran Wickramaratne asserts that the Government is depleting the resources of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...
Reuters: Anyone hoping that recent falls in commodity prices would provide a boost to powerhouse Asian economies and help lift the developed world out of recessionary danger will be disappointed. The region’s focus remains firmly on inflation. Commodities from crude to corn have slid in the last quarter, with many showing the most dramatic losses ...
SEOUL (Reuters): South Korea’s manufacturing sector activity shrank the most in 11 months in September as new export orders fell sharply, reinforcing fears of a slide back into global recession that are battering financial markets in one of Asia’s most vulnerable economies. Economists said findings from the survey of South Korean purchasing managers at manufacturing ...
Leif Lybecker Eskesen, Chief Economist for HSBC India and ASEAN will visit Sri Lanka this week. During his visit, he will address the Bank’s corporate customers on ‘Asia’s Inflation – Growth Tango: who’s dominating the dance?’ at a special Power Breakfast, scheduled to be held on 7 October 2011, at the Cinnamon Grand Hotel. Leif ...
By Cheranka Mendis Asia, which is estimated to contribute 52 per cent to the world’s GDP by 2050, has turned back a 260-year spell of declining contribution to the global GDP within a 80-year period and is now poised for better growth. Central Bank Governor Ajith Nivard Cabraal addressing the Asian Bankers Association General Meeting ...
The world’s fastest general-purpose engineered system was unveiled yesterday by Oracle Chief Executive Officer Larry Ellison and Executive Vice President John Fowler. Oracle’s SPARC SuperCluster T4-4 is based on Oracle’s new SPARC T4 servers, which deliver the biggest generational performance increase in the history of Oracle’s SPARC processors, resulting in nine world reco...
FRANKFURT (AFP): Prospects for the German economy, the eurozone’s biggest, are clouding over, with the debt crisis and financial market turmoil hurting business confidence, data showed on Monday. The closely-watched Ifo business climate index fell to its lowest level in more than a year this month, as companies become increasingly pessimistic about the outlook for ...
With the World Bank announcing that the world economy is teetering on “a new danger zone,” it is of paramount importance for governments and financial power-houses to restore confidence through concrete policies and systematic financial planning. This is the order of the day, given the recent pessimistic report on the world economy delivered by Morgan ...
How the business lobby should involve itself in public policy implementation Lobbying is the systematic attempt at influencing the decision making process of the government. This is a no mean task for an individual but collective efforts by the likeminded individuals and organisation could have a drastic effect on the policy making process. Lobbying is ...
THE Monetary Board, with the concurrence of the Finance Minister has promoted three Assistant Governors, the Central Bank announced yesterday. They are Dr. P. Nandalal Weerasinghe and B.D.W.A. Silva with effect from 27 September and C. Premeratne with effect from 1 January 2012 to the posts of Deputy Governor. Details of their careers are given ...
ALLANKULAM, 8 September 2011 (IRIN): More policies and programmes must address the needs of female-headed households in Sri Lanka’s former conflict zone, experts say. “Most programmes don’t take into account the unique role of women here,” Saroja Sivachandran, director of the Center for Women and Development (CWD), an advocacy body based in northern Jaffna, told ...
Cyril Herath who served as the Inspector General of Police (IGP) from 1985 to 1988 passed away yesterday after a brief illness. Herath Joined the Police force in 1957 as a probationary ASP and was promoted as SP in 1969 and as DIG in 1975. He had a very distinguished career in the Police service ...
Global Economy is once again going through turbulent times. The possibility of the United States economy suffering another recession is increasing. The economic outlook of Europe looks grim. Middle East is in turmoil. All these developments raise many concerns. Where is the world heading? How would these developments affect Sri Lanka, specially its export sector? ...
‘Remember your humanity’ is a phrase that was made famous by the Russel Einstein manifesto issued on 9 July 1955. This document is considered as the final major document that Albert Einstein signed before his death in 1955 and is quite a famous statement. The whole idea of issuing this statement has been to indicate ...
Reuters:U.S. employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to aid the frail economy. For the first time in nearly a year the economy failed to create new jobs on a net basis according to the ...
Rotary International president Kalyan Banerjee called for renewed co-operation between countries in South Asia, to make the most of the opportunities presented by what he called the age for South Asia, in a rapidly and drastically changing world. “This time, more than ever, we need to bring our countries closer together, strengthening the many bonds ...
LONDON: Here’s a bold prediction to feed Western worries that power is shifting inexorably to the East: China’s yuan could overtake the US dollar as the world’s principal reserve currency as soon as next decade. Beijing has been promoting the use of the yuan beyond its borders since 2009 to settle trade transactions. The resulting ...
Sampath Bank Plc opened its latest branch in Dankotuwa recently. The new branch is located at No:63, Nattandiya Road Dankotuwa. It strengthens the presence of Sampath Bank in the locality. The ceremonial opening of the new branch was graced by Sunil G Wijesinha – Deputy Chairman Sampath Bank. The branch is geared to serve the ...
Herayamila Securities Ltd. (HSL) announced yesterday the appointment of Ruwan Keino Wickrema as Head of Research, to further strengthen its research operations. HSL has been operational for over a year in Sri Lanka and is a subsidiary of Heraymila Investments Ltd. (HIL) UAE. HIL directly manages over 285 million dollars of private and public investments ...
Top professionals Professor Malik Ranasinghe and Dhara Wijayatilake have been appointed to the Board of Directors of Sampath Bank. The Non Executive Independent directorships have expanded the Sampath Bank Board to 14 and with an alternative director it is 15. Several senior members of Sampath Bank Board will be relinquishing their posts later this year ...
JACKSON HOLE: Central bankers gathered at an annual retreat in Jackson Hole, Wyoming, this weekend had a message for political leaders: monetary policy alone can’t keep the global expansion going. Federal Reserve Chairman Ben S. Bernanke urged adoption of “good, proactive housing policies” to reverse the depressed US real estate market and warned lawmakers to ...
On 28 July, the Ministry of Foreign Affairs of Japan announced the list of recipients for the Foreign Minister’s Commendation for the fiscal year 2011. The Foreign Minister’s Commendations are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge their contribution to the promotion of friendship between Japan and other ...