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British HC commends Sri Lanka for progress made over the years By Cheranka Mendis Ceylon Chamber of Commerce Chairman Susantha Ratnayake yesterday called for a new wave of reforms if the country were to come out of current shocks quickly with the least amount of pain. In his address at the chamber’s 173rd Annual General Meeting, ...
- Finagle introduces Frozen Ready-To-Bake range of bakery products (Category: Business)
- Economic Summit kicks off with wakeup call for Sri Lanka (Category: Business)
- US keen to increase trade with Sri Lanka (Category: Business)
- “Sri Lanka has great potential to attract Japanese investors” – Japanese Ambassador (Category: Business)
Following is the part one of the Daily FT article featuring the Acuity Stockbrokers Research on Economy and Strategy titled “Lion Leads Frontier” launched last week. Better than the rest General frontier market risks remain pertinent to Sri Lanka Investors in frontier markets are well aware of the risk-return tradeoff intrinsic to these markets. Low ...
- Lion leads frontier markets (Category: Business)
- Sri Lanka’s growth world’s fourth best! (Category: Business)
- Sharper slip in Sri Lanka’s rank in global competitiveness (Category: Business)
Reuters: Moody’s Investors Service on Monday changed its outlook for top-rated Germany, the Netherlands and Luxembourg to negative from stable, warning that they may have to increase support for indebted euro zone states such as Spain and Italy. Moody’s also cited an increased chance of Greece leaving the euro zone, which, “would set off a ...
- Moody’s warns France on possible negative outlook (Category: Business)
- Euro area crisis risks EU sovereign ratings – Moody’s (Category: Business)
- Moody’s changes EU rating outlook to negative (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
Reuters: Asian shares inched higher on Tuesday, helped by improving Chinese manufacturing data, but the euro remained under pressure as surging Spanish borrowing costs stoked fears that the euro zone’s fourth-largest economy will be forced to seek a bailout. The HSBC flash China manufacturing purchasing managers index rose to a five-month high in July, driven ...
- Asian shares flat as weak China data fuels growth worry (Category: Business)
- Asian shares rise; oil spikes on Iran tension (Category: Business)
- Asian markets firmer as focus turns to FOMC from Greece (Category: Business)
- Asian stocks surge on EU bond support (Category: Business)
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
- Why Lion leads frontier (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Value investors enter as speculators exit (Category: Business)
The Z-score crisis took another twist yesterday when several students found that their Z-scores had changed after they were calculated afresh based on a Supreme Court ruling. After the new Z-scores were released, the district and island rankings of students who sat the 2011 GCE
Reuters: Asian shares slid and the euro hovered near multi-year lows hit earlier on Monday, as Spain sparked concerns about its ability to stave off a sovereign bailout after two indebted regions sought financial assistance from the central government. Fears the euro zone’s fourth largest economy will be forced to follow Greece, Portugal and Ireland ...
- Euro zone crisis heads for September crunch (Category: Business)
- Euro hits decade low vs yen, remains vulnerable (Category: Business)
- Asian shares mark time ahead of Spanish bond test (Category: Business)
- IMF says euro needs master plan, not deadline (Category: Business)
Reuters: Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about – China. Despite six straight quarters of slowing growth, there are more job vacancies in China than there have been for around ...
- China urban tide to grow by 100 million in 10 years: Report (Category: Business)
- China’s investment firm misses payments amid concerns of financial crisis (Category: Breaking News)
- Yuan hits all-time high (Category: Business)
- China economy set for soft landing, needs more reform – IMF (Category: Business)
The Ceylon Electricity Board (CEB) has decided to impose country wide power cuts from Monday (23). Power cuts will be imposed daily for two hours in the morning and afternoon in selected areas, the CEB says. The power crisis has been caused by the collapse of power generation at two thermal plants
- Power cuts out from today (Category: Breaking News)
- Power cuts during today as well (Category: Breaking News)
- No power cuts today (Category: Breaking News)
- Power cuts again (Category: Breaking News)
for attractive returns away from crisis-hit mature economies. ...
- PwC leapfrogs Deloitte to become No. 1 (Category: Business)
- Mobius bets on further oil price increases (Category: Business)
- South African to host 2013 IATA AGM (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
Former White House Communications Director to lead firm Burson-Marsteller, a leading global public relations and communications firm, today announced the appointment of Donald A. Baer as Worldwide CEO. Baer has wide-ranging executive experience across the worlds of media, communications, journalism and politics, including serving as White House Communications Director and Chief Speechwriter for Pr...
- PR in Asia: A perspective (Category: Business)
- A ‘modern’ definition of public relations? Why? (Category: Business)
- Dentsu Public Relations remains highest-earning Asia-based PR firm: Holmes report (Category: Business)
- Ad firm submits bid for US $ 9mn Ceylon Tea brand promotion (Category: Business)
The Tourism Authority of Thailand has unveiled a series of strategies designed to maintain, enhance and promote Thailand’s brand image, marketing profile and visitor arrivals. TAT has set a 2013 target of 22.22 million international visitor arrivals, generating estimated foreign exchange revenues of 966 billion Baht (US$ 30.62 billion, based on the exchange rate of ...
- Thailand ranks as No. 1 outbound destination for Indian travellers (Category: Business)
- Chamber of Tourism and Industry Chief meets Thai Deputy PM and Tourism Minister (Category: Business)
- Discussion on ‘Bilateral Trade between Sri Lanka and Thailand’ (Category: Business)
- Huawei launches its largest-ever regional Seeds for the Future Program, inspiring digital talent... (Category: Breaking News)
‘Shakthi’ fundraiser by Emerge Lanka Foundation today ‘Shakthi, a Celebration of Femininity,’ a fundraiser for Emerge Lanka Foundation to spread awareness about sexual assault/abuse through artistic avenues, will be held at Barefoot Café today, 21 July, from 6 to 10 p.m. Emerge Global is dedicated to empowering young women around the world who have ...
- All Ceylon Muslim Women’s Association celebrates Diamond Jubilee (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Zonta launches mentorship programme (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
BEIJING (Reuters): Beijing is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to the continent long seen as a commodities and energy cache for China. Chinese state-owned firms in Africa face criticism for using imported labour ...
- China strengthens Africa ties with $ 20 b in loans (Category: Business)
- South African to host 2013 IATA AGM (Category: Business)
- China, India score with untied aid (Category: Business)
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
Janatha Vimukthi Peramuna (JVP) has called on the Government to immediately address the issues faced by the university lecturers. JVP parliamentarian Anura Kumara Dissanayake said the government should not allow the current crisis in the university sector to further aggravate. He explained
- Sri Lanka's striking university lecturers deny reports of lecturers returning to work (Category: Breaking News)
- Sri Lanka medical faculty lecturers support striking university lecturers (Category: Breaking News)
- SB invites lecturers to report to work (Category: Breaking News)
- UNP back Uni. academics (Category: Breaking News)
‘Z-score and crisis in education’ is the theme of the monthly ‘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
- Expert body to reform the law (Category: South Australia)
- Desal firms in $9m suit strife (Category: South Australia)
- Matara MC Opp. leader leaves meeting in protest (Category: Breaking News)
- First poppy flower (Category: Business)
KfW should try not to grow too fast New investor types needed for infrastructure Bank business to shrink under regulation, capital requirements FRANKFURT, (Reuters): German state bank KfW predicts a credit crunch due to a shortage of long-term project financing partly due to a retreat by major banks from such capital-intensive businesses. KfW, which specialises ...
- Ship lending to slide in 2012 as downturn bites (Category: Business)
- DEG provides $ 21 m loan to NDB Bank to strengthen SME sector (Category: Business)
- Rs. 3 b German boost for SMEs (Category: Business)
Reuters: World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world. In his first public speech since taking
- World Bank picks health expert Jim Yong Kim as president (Category: Business)
- WB Chief calls on developed nations to be responsible (Category: Business)
- World Bank to choose new chief; US pick likely (Category: Business)
- World Bank forecasts South Asia to grow by 6.4% in 2012 (Category: Business)
Global Foreign Direct Investment (FDI) inflows rose 16 per cent in 2011, surpassing the 2005-2007 pre-crisis level for the first time, despite the continuing effects of the global financial and economic crisis and the current debt crisis in Europe, UNCTAD’s annual survey of investment trends
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global trends in investment (Category: Business)
The United Nations Conference on Trade and Development (UNCTAD) has mooted a “new generation” of investment policies that seek to address specific concerns related to sustainable development at the national and international levels. In presenting its 2012 World Investment Report in London, UNCTAD said at the national level, these challenges include integrating investment policies into ...
- Global trends in investment (Category: Business)
- Development-led globalisation (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
- The ‘Doha Mandate’ (Category: Business)
By Harold Burson, Co-Founder and President, Burson-Marsteller Receiving more recognition than it deserves is a recently-voted ‘modern’ definition of public relations, resulting from a competition sponsored by the Public Relations Society of America (PRSA). It was selected in a voting process in which 1447 votes were cast, presumably most of them members of PRSA and ...
- The PR ‘big idea’ (Category: Business)
- PR in Asia: A perspective (Category: Business)
- Sri Lanka: Country branding (Category: Business)
SINGAPORE: While confidence levels among Asian consumers have continued dropping in the second quarter of the year, they remain more optimistic than most of their global counterparts, according to Nielsen. Nielsen’s Q2 2012 consumer confidence index recorded a score of 95 for Asia, down two points from the first quarter. Confidence levels fell in most ...
- Globally shoppers still cautious – Nielsen (Category: Business)
- Wealthy smartphone users less likely to play games, tweet (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
Reuters: Asian shares edged higher on Wednesday on hopes the U.S. central bank has left the door open for more stimulus measures later in the year, after chairman Ben Bernanke outlined a gloomy view of the U.S. economic recovery. Quarterly earnings from the likes of Goldman Sachs and Coca-Cola came in better than expected, calming ...
- Bernanke defends low rate policy for weak economy (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- US “close to faltering”, Fed ready to act says Bernanke (Category: Business)
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
UNCTAD released its World Investment Report 2012 recently. The report indicated that for the first time since 2007, global FDI inflows increased by 16% despite the continuing effects of the global and financial economic crisis. However, UNCTAD predicts the FDI growth rates to decline in 2012 due
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- Global FDI losing momentum in ’12 (Category: Business)
Reuters: Economist Nouriel Roubini is standing by his prediction for a global “perfect storm” next year as economies the world over slow down or shudder to a complete halt. Roubini, the New York University professor dubbed “Dr. Doom” for predicting the 2008 financial crisis
- China economy faces risk of hard landing – Govt. economist (Category: Business)
- Qatari royals buy Italian fashion icon Valentino (Category: Business)
- Mercantilist's Dilemma (Category: Business)
- Gets Oscars presenting gig (Category: Business)
LONDON (Reuters): Oil retreated slightly on Wednesday, snapping five days of gains as U.S. Federal Reserve Chairman Ben Bernanke offered few signs of further monetary stimulus and a gloomy view of the economy of the world’s top oil consumer. Brent crude slipped 38 cents to $103.62 a barrel by 1017 GMT, after settling 63 cents ...
- Oil gains on US stocks draw (Category: Business)
- Brent steady above $116 on U.S. stocks draw; Greece risk weighs (Category: Business)
- Oil slips from 4 wk high ahead of U.S. oil data (Category: Business)
- Oil falls towards $105, economy jitters return (Category: Business)
Global economic growth remains sluggish and for 2012 and 2013 will be below theandnbsp;Asianandnbsp;Development Outlook (ADO) 2012andnbsp;forecast; the euro area debt crisis continues as the primary threat to the global outlook.
- Full Ahead (Category: Business)
- Battle of the knowledge superpowers (Category: Technology)
- Serial Winner (Category: Business)
- 'Hide the decline' revisited (Category: Technology)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
Reuters: Asian shares extended their rally on Monday as fears of an economic hard landing in China subsided, with last week’s softer growth data within expectations and Premier Wen Jiabao on Sunday raising the prospects of more policy stimulus if needed. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent after jumping ...
- Asia shares gain as US data raises hope of Fed easing (Category: Business)
- Asian shares struggle as growth worries linger (Category: Business)
- World markets regain ground but still edgy over Greece (Category: Business)
- Asia shares fall to 2012 lows as Europe worries weigh (Category: Business)
MILAN/LONDON (Reuters): Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5 million), the latest purchase of a top European luxury brand by an emerging market investor. The luxury label loved by Jacqueline Kennedy Onassis and Audrey Hepburn said on Thursday that Mayhoola for Investments S.P.C, an ...
- Valentino in exclusive sale talks with Qatar (Category: Business)
- Rossi pays tribute to Simoncelli (Category: Business)
- Singapore railway station gets new life as fashion runway (Category: Business)
- Lorenzo cruises to Italian MotoGP win (Category: Business)
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