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A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
- What’s next for Brand Sri Lanka? (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
- Treasures of Sri Lanka, the ethical way (Category: Business)
New CEO Kapila Chandrasena upbeat on prospects for national carrier and Sri Lanka as a tourist destination post-warWhen the news of the impending change at the top in the national carrier broke, the Daily FT headlined the lead story on 6 May 2011 as ‘Turb-UL-ence,’ with a pun. But for the man in the hot ...
- $ 500 m boost for SriLankan Airlines (Category: Business)
- Flying smarter (Category: Business)
- Colossal loss incurred by Mihin (Category: Breaking News)
- SriLankan and Mihin ready to fly high (Category: Business)
By Lakshman Indranath Keerthisinghe - Attorney-at-Law After checking in to Chaya Blue Resort, from our balcony, we watched the glorious sight of the scarlet sun accompanied by a blanket of streaks of orange clouds setting over the distant yellowish horizon as the blue waters of the lovely Indian Ocean lapped on the golden beaches of ...
- Navy rescues a Chinese naval rating (Category: Breaking News)
- Ambassador of France visits Trincomalee District (Category: Business)
- Navy rescue distressed Myanmar fishermen (Category: Breaking News)
- Celebrating 75th Anniversary of Independence (Category: Breaking News)
Says depreciation by Budget only a one off, admits other sectors will suffer but notes growth will offset negatives By Uditha Jayasinghe The detriments of depreciation must be countered by aggressive growth in exports, the Central Bank Governor said yesterday, insisting that impediments to the industry had been removed by the latest Budget. Speaking for ...
- Harsha gives thumbs up for Nivard but says risks remain (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Rupee fall no cure-all for exports says EDB Chief (Category: Business)
- Rupee sinks to record low (Category: Business)
Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...
- Highlights of the Budget 2012 proposals (Category: Business)
- Sri Lanka Budget 2012: Growth in focus (Category: Business)
- Budget bloats! (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
Exports, imports up in Sept; Healthy financial inflows Two commercial banks infuse $ 250 m capital from overseas sources; corporate offshore debt capital raising tops $260 m Private sector borrowing averages Rs. 37 b per month in 2011 CB leaves policy rates unchanged for 10th straight month despite benign inflation and the inflation outlook Urges ...
- Happy CB keeps policy rates unchanged (Category: Business)
- Developing Asia’s growth to moderate amid global uncertainty, says ADB (Category: Business)
- CB says economy, markets stable (Category: Business)
- India’s GDP growth may be slowest in over two years: Reuters poll (Category: Business)
Sri Lanka has decided to keep its key policy rates unchanged despite the Bank’s expectation of further slowing down of inflation during the rest of the year. Accordingly, the Central Bank will maintain its Repurchase Rate and the Reverse Repurchase rate respectively at 7.00 per cent and 8.50 per cent, while the SRR will be at ...
- Sri Lanka’s August inflation 9.5% (Category: Breaking News)
- Policy interest rates reduced to boost economic growth (Category: Breaking News)
- Sri Lanka keeps its key policy rates unchanged as it expects inflation to slow down (Category: Breaking News)
- Current policy measures will help achieve credit and money supply growth targets – Chief Economi... (Category: Breaking News)
Sri Lanka Seals supported the recently concluded first South Asian Beach Games in Hambantota as an event sponsor for the water sports events. Sri Lanka Seals was seen launching the Sea Jet Suzuki 1400CC Jet Skis in the high waters of Hambantota for pilot, rescue, media and support operations. The four stroke engines with a ...
- Indian Links (Category: Business)
- Tri-Nation Cricket (Category: Business)
- Water Sports facility at Lunawa Lagoon (Category: Breaking News)
- Water jet to traffickers in southern seas (Category: Breaking News)
The last week was an eventful week indeed. We barely recovered from the news of the death of the maverick inventor Steve Jobs. Although I am a loyal Microsoft right-brain person, I admired the ‘left-brain innovative spirit’ of Apple and the ingenuity of the man. He had not gone to university and had what some ...
- Prince Charles pays tribute to “mama” (Category: Business)
- Video: Podi Mama 22 - 13th October 2014 - www.LankaChannel.lk (Category: Video)
- Video: Podi Mama 19 07th October 2014 www LankaChannel lk (Category: Video)
- Video: Podi Mama 21 10th October 2014 www LankaChannel lk (Category: Video)
The adage ‘there is no smoke without fire’ appears to be a perfect fit to Monday’s mega deal of EPF buying an 8% stake in Laugfs Holdings Plc for Rs. 1.6 billion, given its timing and the price paid. The Employees Provident Fund (EPF), which is heading towards a fund base of Rs. 1 trillion, ...
- Laugfs gas has last laugh at EPF? (Category: Business)
- SLIC sells 3.4% DFCC stake to EPF for Rs.1.2 b (Category: Business)
- Ranil brush up! (Category: Business)
- Harry’s Melstacorp buys 11% more in Spence for Rs. 5 b (Category: Business)
Economic Development Minister Basil Rajapaksa yesterday inaugurated the country’s largest ultra modern fuel station and shopping complex in Paradise, Kuruwita along the Colombo-Ratnapura road. This trade complex includes a fuel station, a Commercial Bank branch, ATM machines, a restaurant
- Work progressing on the Fish Market Conplex (Category: Breaking News)
- Central Fish Market Complex in Peliyagoda nearing completion (Category: Breaking News)
- New Trade Complex for Payment Traders in Pettah (Category: Breaking News)
- New Trade Complex for Pavement Traders in Pettah (Category: Breaking News)
I like to be an optimist. No matter what may happen around us, I would like to retain feelings of hope I have for all human-kind and on a more intimate level for you, for me, the newborn and the to-be-born. Yet, what has already happened around me, happening now and may happen in the ...
- IMF MD calls for anchoring stability to sustain higher and better growth (Category: Business)
- Asia sees red over ‘green economy’ (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
Sir Richard Branson and American actor and environmental campaigner, Edward Norton, are among the pantheon of global environmental leaders who are set to speak at the third annual Six Senses Slow Life Symposium, to be held at Soneva Fushi in the Maldives. The conference will run over four days between 6-9 October 2011 and will ...
- Mead, Richard (Category: USA, South Dakota)
- Swift, Richard (Category: USA, South Dakota)
- Duncan, Richard (Category: USA, South Dakota)
- Duncan, Richard (Category: USA, South Dakota)
Reuters: TUI Travel, Europe’s biggest tour operator, is on track to meet full-year profit expectations due to strong late summer bookings although it has yet to see a revival in demand for holidays in Egypt and Tunisia, its CEO said. “We are anticipating a slow recovery in trading to Egypt and Tunisia and have managed ...
- Tour firms juggle luxury, packages in profit battle (Category: Business)
- Euro zone woes may hit German tourism spending (Category: Business)
- Middle East and North Africa unrest live (Category: Breaking News)
- Its JVP's fault for supporting the government to defeat the war! need to use people’s power agai... (Category: Breaking News)
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 ...
- IMF Chief Lagarde emphasises Asia, China role in global recovery (Category: Business)
- Global economy’s ‘timid’ recovery faces high risks: Lagarde (Category: Business)
- Global growth worries dent Asia business sentiment in Q3 (Category: Business)
- China can easily boost consumtion to strengthen its economy: IMF (Category: Business)
By Devin Jayasundera A top Finance Ministry official last week declared that the country’s import sector has bright opportunities on to the future in tandem with fast growing economy and per capita income of the people. Delivering the keynote address at the Ceylon Chamber Import Section Annual General Meeting the Ministry of Finance and Planning ...
- The Economic Impact of Exchange Controls (Category: Business)
- Mixed bag for Lankan exports (Category: Business)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
Recently rebranded Divasa Finance Limited has opened its first branch since receiving its finance company licence in the bustling town of Kalutara. The branch is located at No. 697/2, Kalutara South, Kalutara. The branch was declared open by the Chairman of the Kalutara Urban Council M. N. M. Jauffer amidst a gathering of the chairman ...
- Commercial Leasing and Finance Kalutara branch relocates (Category: Business)
- President opens Sri Lanka Open University branch in Kalutara (Category: Breaking News)
- Arpico Finance Enters Matugama (Category: Business)
- Arpico Finance now in Matugama (Category: Business)
After two decades, Hilton Colombo owning company Hotel Developers finally releases accounts Accumulated losses by end FY 2009/2010 top Rs. 10 billion Revaluation of hotel results in Rs. 4.7 b gain yet company beset with negative networth of Rs. 4.7 b as against Rs. 8.26 b in 2008/9 Total outstanding loans and borrowings near Rs ...
- Consultants 21 files civil litigation on revival of ailing Hotel Developers (Category: Business)
- End to HDL hangover hovering? (Category: Business)
- HDL saga: Hilton feasts as Govt. loses (Category: Business)
Royal Jordanian (RJ), the national airline of Jordan, logged a record 373,000 passengers aboard its aircraft in July, marking a 13.3 per cent rise over the same month last year and resulting in net profit reaching JD5 million ($7 million). RJ President and CEO Hussein Dabbas said that the passenger number is the highest registered ...
- Suez Canal July revenue tops $ 449 m (Category: Business)
- July tea output down 11.5% (Category: Business)
- Divergent trends as Sept. passenger traffic rises freight declines — IATA (Category: Business)
- Bourse lifts from 22-month low on bargain hunting (Category: Business)
The Emirates Group has announced the release of its first comprehensive environmental report, a study that revealed the airline’s carbon dioxide emissions efficiency was 26% better than the global airline average. Covering the 2010-2011 fiscal year, the audited report analysed environmental performance data from a range of Group activities, including airline operations, dnata’s cargo a...
- Emirates Airline contributes $ 596 m to Indian economy: NCAER study (Category: Business)
- Emirates reports $ 225 m profit in 1H despite global challenges (Category: Business)
- Cargo Carrier (Category: Business)
- ‘Loss leader’ airline for profitable tourism? (Category: Business)
BRASILIA, March 7 (BERNAMA-NNN-PRENSA LATINA) -- Brazil and Sri Lanka have discussed important aspects of their bilateral links chiefly technical cooperation in agriculture, bio-fuel, and tourism.
By Abdul H. Azeez – Photos by Lalith Perera The smoky haze that seems to have taken up residence over the tarmac of the Ratmalana Airport slowly dissipates as the little nine seater I am sitting in leaves the ground. Our pilot had to keep the engine running in order to get the AC working ...
- Cessna to adorn Lankan skies (Category: Business)
- Flying Sensors (Category: Business)
- ExpoAir begins regularJaffna flights (Category: Business)
- Domestic flights to Jaffna from February 01 (Category: Breaking News)
By Lewie Diasz* Marketing’s forefathers Theodore Levitt and Phillip Kotler defined marketing in an era where baby boomers and generation X prevailed and marketing has evolved ever since and the evolution can be classified into different eras. The evolution begins from a hunter-gatherer orientation to agriculture orientation and then the early 1900s where demand exceeded ...
- Marketers confounded by mounting data: CMO Council (Category: Business)
- Driving marketing in the boardroom (Category: Business)
- Sri Lankan universities and marketing orientation (Category: Business)
By Ashwin Hemmathagama Skyline Aviation (Pvt) Ltd. Flying Training Academy was established in April 2006 by a group of entrepreneurs and professional aviators who had a passion for flying. The main aim of the company was to infuse that same passion into new recruits, and training them to become professional and world-class pilots. Following are ...
- National civil aviation policy (Category: Business)
- Expatriate pilots for SriLankan Airlines (Category: Breaking News)
- Top Aviation Trainer (Category: Breaking News)
- JKH, Brandix to take to the skies? (Category: Business)
Plans are underway to import fuel and gas directly from Oman. The agreement on the purchase of oil was reached during a meeting between the Omani President in Sri Lanka Ali Almani and Minister Susil Premajayantha. The meeting took place at the Ministry of Petroleum Industries. Attention was drawn
- Talking Tea (Category: Business)
- Stock Upturn (Category: Business)
- Joint Action (Category: Business)
- Bankers' Parley (Category: Business)
By K. Ratnayake Sri Lankan President Mahinda Rajapakse’s trip to New York and speech at the UN General Assembly last week had two main purposes: to cover up for war crimes committed during the country’s civil war and to appeal...
- Sri Lanka calls for anti-UN report rally (Category: Breaking News)
- Probe Pressure (Category: Business)
- Parallel world’s short circuit in Oxford (Category: Breaking News)
- Tamil Aussie community criticises govt. decision (Category: Breaking News)
The Government has stressed that this budget is essential for the development of the country that has been liberated. Minister Dinesh Gunawardena opening the budget debate this morning on behalf of the Government said the North and East are now being added as areas that contribute to the national economy. Sri Lanka is no longer ...
- Methodical Budget formulated to change the country - Bandula Gunawardena (Category: Breaking News)
- LLRC recommendation to be implemented - Fund allocated in the 2013 budget (Category: Breaking News)
- Police pen pushing fury (Category: Australia, Tasmania )
- Opposition promise more money for Bendigo hospital (Category: Australia, Victoria)
By Faraz Shauketaly Minister of Fisheries, Dr. Rajitha Senaratne is a colourful politician who made a name for himself with his powerful oratory and performances in public agitation platforms. He played a key role in the crossover phenomenon when a large number of UNP members crossed over and joined President Rajapaksa. Recently appointed as Minister ...
- Sri Lanka’s first canned fish factory opens today (Category: Business)
- Work progressing on the Fish Market Conplex (Category: Breaking News)
- Tuna canned fish factory to be launched (Category: Breaking News)
- Canned fish factory opens today (Category: Breaking News)
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