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The following is a statement issued by Vitol Group regarding allegations on inferior diesel supplies which has caused a crisis among motorists: The Vitol Group of Companies strongly refutes any allegation that the cargo of Diesel supplied under tender BKl35l2O12 and discharged at Dolphin Pier on 22
- Now, CPC claims diesel clean as Harry J comes under AG s probe (Category: Breaking News)
- Govt. delists world’s largest oil trader Vitol over inferior diesel fiasco (Category: Business)
- Vitol denies charges of contaminated diesel (Category: Breaking News)
- Vitol fumes over continuity in alleged discrimination by CPC (Category: Business)
Top apparel exporter Brandix partnered with banking giant HSBC to assist more than 600 families facing severe hardship in Sri Lanka’s dry zone due to the prevailing drought. Working with local councils and officials of ‘Grama Niladhari’ Divisions, the two corporate entities have funded the transport of water to needy families in six villages in ...
- Brandix Group makes largest blood donation of 2011 (Category: Business)
- Brandix launches ‘Jalavahini’ to empower women in water management (Category: Business)
- The importance of river basins in driving global growth to rocket (Category: Business)
Reuters: A visibly shaken Kofi Annan admitted defeat in his attempts to bring peace to Syria on Thursday, but – perhaps keen to protect his legacy from the taint of another genocide – laid the blame for the failure on the big powers that claim to back him. Syria was the best chance for Annan, ...
- UN says Syria civil war “imminent,” West urges sanctions (Category: Business)
- UN observers begin to leave Syria as their mission ends (Category: Breaking News)
- Frustrated Annan quits as Syria peace envoy (Category: Business)
- Syria on brink of sectarian civil war, West says (Category: Business)
By Shanuka Tissera Sumit Ganguly is a Professor of Political Science and holds the Rabindranath Tagore Chair in Indian Cultures and Civilisations at Indiana University, Bloomington. He has been a Fellow and a Guest Scholar at the Woodrow Wilson International Centre for Scholars in Washington DC and serves on the editorial board of numerous boards ...
- Away test failures puncture Dhoni’s leadership aura (Category: Business)
- I will start training in a week or two: Yuvraj (Category: Business)
- South Asia on the move (Category: Business)
Reuters: The International Monetary Fund on Thursday called for a “policy game changer” in the euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbors. An IMF spillover report that looks at how the economic
- European stocks rise ahead of ECB meeting (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Euro zone crisis heads for September crunch (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
Reuters: Asian shares and the euro fell on Friday as investors shunned risk after the European Central Bank took no immediate action and only hinted at future steps to tackle the euro zone’s fiscal woes, following similar inaction from the U.S. Federal Reserve. Investors also have reasons to be more cautious ahead of a key ...
- Asian stocks up on Europe optimism, credit (Category: Business)
- Asian stocks post weekly gains on Central Bank fix (Category: Business)
- Stocks, commodities, euro sink on EU summit doubts (Category: Business)
- Asian shares fall on growth worries despite cuts (Category: Business)
In the global public relations business, Asia is also rising. The flow of Western talent and treasure into the region is well known in our industry, but less visible is the advance of many powerful Asian consultancies with international ambitions which are rising fast. On my 10th anniversary here I would like to share 10 truths ...
- J. Walter Thompson launches new communications integration agency brand (Category: Business)
- Leo Burnett celebrates exceptional year in 2011 (Category: Business)
- A ‘modern’ definition of public relations? Why? (Category: Business)
Reuters: US and euro zone manufacturing struggled again in July while factory activity in China hit an eight-month low, surveys showed on Wednesday, as economies worldwide appeared to lose momentum. Economic malaise was worst in the 17-country euro zone, where output plummeted and the manufacturing sector contracted for an 11th straight month as a downturn ...
- Euro zone recession may have already started: PMIs (Category: Business)
- Asian factory output curbed by troubled Europe (Category: Business)
- China can easily boost consumtion to strengthen its economy: IMF (Category: Business)
- Europe a drag on world economy, US data mixed (Category: Business)
Reuters: Shrinking export orders and sluggish output dragged Indian manufacturing growth in July down to its weakest pace since last November, a business survey showed on Wednesday. The HSBC manufacturing Purchasing Managers’ Index (PMI), which gauges business activity at India’s factories but not utilities, fell to 52.9 in July, from 55.0 in June – its ...
- Export Outlook (Category: Business)
- Canada economy grows 0.3% in August from July (Category: Business)
- Cost Pressure (Category: Business)
- India’s GDP growth may be slowest in over two years: Reuters poll (Category: Business)
Reuters: When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That this question still arises could be seen as an indictment of the 2002 Sarbanes-Oxley law, enacted 10 years ...
- John O’Grady traces benefits and challenges of IFRS compliance (Category: Business)
- The US, Afghanistan, Iraq and US (Category: Business)
- Demand for ACCA qualifications high in toueh economic times (Category: Business)
- First Capital appoints Nishan Fernando to its Board (Category: Business)
SINGAPORE (Reuters): The sanctions reducing Iran’s oil exports have played in the favour of major producers such as Saudi Arabia, Russia and Venezuela which now export about 21 percent more crude to Asia’s biggest buyers compared to a year ago. Iran’s exports to China, Japan, South Korea and India have fallen by a third in ...
- OPEC crude output surges to 31.4m bpd in March (Category: Business)
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- Sri Lanka cleared from Iran oil sanctions (Category: Breaking News)
- Iran threatens to stop Gulf oil if sanctions widened (Category: Business)
Reuters: Discord in Southeast Asia over how to deal with Beijing’s claims in the South China Sea comes as the region struggles to overcome competing national interests and form a European Union-style economic community by 2015. Political leaders and officials say the row may not directly affect plans by the Association of Southeast Asian Nations ...
- Troubled EU eyes ASEAN boost (Category: Business)
- Japan, wary of China, boosts ties with ASEAN (Category: Business)
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
- EU pledges $10bn investment in Southeast Asia during ASEAN summit (Category: Breaking News)
It is reported that the European Commission has requested approval from its 27 members to commence negotiations with Japan for a Free Trade Agreement (FTA). The once all powerful bloc, which is now having to cope with many a crisis, has sought this agreement as part of a broader effort to boost
- Liberalising trade in services (Category: Business)
- Special Pact (Category: Business)
- Free Trade (Category: Business)
- Free Trade (Category: Business)
MILAN (Reuters): Italian car maker Fiat’s chief executive Sergio Marchionne accused German rival Volkswagen of being too aggressive in its pricing strategy, when conditions are already tough in the European auto industry. “It’s a bloodbath of pricing and it’s a bloodbath on margins,” he was quoted as saying by the International Herald Tribune. Marchionne, who ...
- David Shapiro: Finding laughs between groans as election goes overtime (Category: USA, Hawaii)
- Vaccines offer the key to speed of Hawaii’s economic recovery (Category: USA, Hawaii)
- Vaccines offer the key to speed of Hawaii’s economic recovery (Category: USA, Hawaii)
- Vaccines offer the key to speed of Hawaii’s economic recovery (Category: USA, Hawaii)
crisis on Asia was evident on Tuesday with Japan’s Manufacturing ...
- Asian shares rise, euro steadies on Europe hopes (Category: Business)
- Asian shares edge up but growth fears propel gold (Category: Business)
- World stocks retreat as debt worries, economy outlook weigh (Category: Business)
- Asian shares rise on ECB hopes despite uncertainty (Category: Business)
LONDON, (Reuters) : At just 15, schoolgirl Ruta Meilutyte showed nerves of steel as she withstood a delayed start that rattled experienced Olympians to claim Lithuania’s first ever swimming medal and become the one of the youngest women to win the Olympic title. Meilutyte, who set a European record in qualifying for Monday’s race, was ...
- Swimming-Agnel gets second gold, Franklin her first (Category: Business)
- Stoner goes top with Estoril win (Category: Business)
- India can be one of the great F1 venues (Category: Business)
- Rossi pays tribute to Simoncelli (Category: Business)
The main opposition United National Party (UNP) says the country is moving from one crisis to another under the current government. UNP parliamentarian and Chief Opposition Whip John Amaratunga told a news conference that doing away with the 17th Amendment by introducing the 18th Amendment
Reuters: Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a “make-or-break” month as policymakers run desperately short of options to save the common currency. Reuters: Over the past couple
- Greek exit could cost euro zone 100s of billions of euros (Category: Business)
- EU leaders to agree on permanent bailout fund (Category: Business)
- Crisis in Italy spurs fears of euro zone break-up (Category: Business)
- Irish vote, German court add euro zone uncertainty (Category: Business)
WASHINGTON (Reuters): Economic growth slowed in the second quarter as consumers spent at their slowest pace in a year, increasing pressure on the Federal Reserve to do more to bolster the recovery. Gross domestic product expanded at a 1.5% annual rate between April and June, the weakest pace of growth since the third quarter of ...
- Sri Lanka economy grows by 8.0% in third quarter 2010 (Category: Breaking News)
- Sept-qtr GDP growth seen slowest in over 2 years (Category: Business)
- Sri Lanka achieves highest economic growth rate (Category: Breaking News)
- Economy grew more slowly in summer than thought (Category: USA, South Carolina)
Reuters: While China tussles for top spot in the Olympic medal standings with the United States, the race to be best of the rest in Asia will come down to another battle between bitter rivals South Korea and Japan at the London Games. Sleeping giants India have ploughed money into sport in recent years and ...
- Indian wrestler Sushil Kumar misses out on gold (Category: Business)
- Badminton’s No. 1 Chong Wei wins Malaysia Open for Olympic boost (Category: Business)
- China set to remain top guns in London Olympics (Category: Business)
- Pool records fall as Phelps gets 17th medal (Category: Business)
MILAN (Reuters): The chances of Greece leaving the euro in the next 12-18 months have risen to about 90 per cent, US bank Citi said in a report on Thursday, saying Athens was most likely to quit the single currency within the next two to three quarters. The report, dated July 25 but distributed in ...
- Euro Zone (Category: Business)
- Greek Deadline (Category: Business)
- Global Snap (Category: Business)
- Minister Amunugama defends Greek bonds investment (Category: Breaking News)
by Sarath De Alwis The crisis is not in our system of higher education. The crisis is in not knowing what higher education is. Arrogance of presumed superior knowledge of the policy makers and dogmatism of the teachers has precipitated a debate that reflects a pedantry of crisis proportions. We do not seem to have ...
- Whither The National Education Policy Framework Of Sri Lanka? (Category: Breaking News)
- Friday Forum on crisis in the education sector (Category: Business)
- Say no to NEPF! Say no to abolishing free education! (Category: Breaking News)
- Free education and parents’ aspirations (Category: Business)
LONDON (Reuters): Britain’s economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis. Finance minister George Osborne said figures released on Wednesday showed Britain
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- Growth is better than expected – CB (Category: Business)
- Growth gloom (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
By Hamid Mahmood Aid is part and parcel of the development package in South Asia. The book titled ‘Foreign Aid in South Asia: Emerging Scenario; offers insights into the role of foreign aid in South Asia’s development. It covers the chronology of aid development and provides a detailed examination of South Asian countries’ adaptation to ...
- China, India score with untied aid (Category: Business)
- Aid effectiveness debate in Busan (Category: Business)
- Global mobility unaffected by financial crisis (Category: Business)
- Sri Lanka’s Asian Heritage (Category: Breaking News)
Janaka Walisundera, an international business management professional has been appointed as the Chief Executive Officer of UB Finance Company recently. UB Finance, which was formed with the acquisition of The Finance & Guarantee Co Ltd by Sri Lanka’s premier financial institution, Union Bank of Colombo PLC and its international strategic investment partner ShoreCap II Ltd., ...
- The Finance & Guarantee turns UB Finance (Category: Breaking News)
- UB Finance endeavours to deliver a unique proposition of economic and social value (Category: Business)
- Union Bank’s Outlook revised to Negative from Stable (Category: Breaking News)
- Top planter appointed to Pelwatte Sugar Board (Category: Business)
The Postgraduate Institute of Management (PIM) focused much on management development programs (MDPs), particularly during the last few years, as there was a considerable demand from both the private and public sector organisations to enrich their management staff with a set of conceptual skills, backed by experiential learning. Developmental inputs like case studies, assignments and ...
- PIM lecture on International Financial Institutions and Development in Asia today (Category: Business)
- Dr. Kalam to address PIMA, CIMA forum on Sunday (Category: Business)
- PIMA plans Platinum Honours 2012 event (Category: Business)
- PIM trains BoC Managers (Category: Business)
This is a day quite dear to some 300 million plus people in United States of America. Irrespective of their land of origin, the day is celebrated as the day of independence commemorating the adoption of the Declaration of Independence and the Founding Fathers remembered. The fourth of July this year is also important for ...
- To be or not to give: The GDP dilemma (Category: Business)
- Reform of university education (Category: Business)
- Universities in crisis: Key learnings (Category: Business)
Reuters: Asian shares fell and the euro wobbled above multi-year lows against major currencies on Wednesday as soaring borrowing costs deepened worries that Spain might need a bailout, while Greece appeared unlikely to meet conditions of its aid package. European stocks were seen slipping and US stock futures were down 0.2 per cent, indicating a ...
- Asian shares, euro fall as Spain bailout fears grow (Category: Business)
- Asia shares ease after recent gain, policy bets persist (Category: Business)
- Asian shares at 3-month high after China inflation (Category: Business)
- Asian shares fall over EU summit scepticism (Category: Business)
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms so far had substantially reduced external imbalances, but at the cost of significant ...
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- Slowing China aids global economic rebalancing (Category: Business)
- Turning point in the currency war (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Sri Lanka needs a new wave of reform to avert a possible balance of payment (BoP) crisis, stressed Ceylon Chamber of Commerce Chairman Susantha Ratnayake.
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