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Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
The prestigious world construction Symposium of the International Council for Research and Innovation in Building and Construction (CIB) will have Sri Lanka as its next venue for the 2012 deliberations. The world Construction Symposium 2012 will be held in Colombo from 28th June to 01st July 2012 at the cinnamon Grand Hotel. This year’s symposium ...
“They fancy themselves to be gods and that the World was made for their Sakes”. Erasmus (Family Discourse – Colloquies I) By Tisaranee Gunasekara Ten men on five motorbikes, armed with T56 rifles, descend on a legal political gathering. They shoot into the crowd, killing two and injuring several. For the next 15-20 minutes, they ...
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
A laudable goal that needs much more workSocial justice to be the Government’s development philosophy The development philosophy of the present Government, as pronounced in the Annual Report of the Ministry of Finance and Planning for 2011 released two weeks ago, is a blend of social justice with economic progress (p 14). This is a ...
Minister for the Environment Anura Priyadarshana Yapa, speaking yesterday at a seminar entitled, ‘Emerging Issues on Trade, Climate Change and Food Security: Way Forward for South Asia’ held at the Institute of Policy Studies of Sri Lanka (IPS) Auditorium reiterated the impact climate change is having in South Asia. Minister for the Environment Anura Priyadarshana ...
The Institute of Policy Studies of Sri Lanka (IPS ) and the South Asia Watch on Trade, Economics and Environment (SAWTEE) ) have organised a South Asia regional seminar entitled, ‘Emerging Issues on Trade, Climate Change and Food Security: Way Forward for South Asia,’ from 31 May to 1
Year to date negative return tops 20% Rs. 45 b in value wiped off; YTD loss figure tops Rs. 400 b mark The stock market crash persisted for the second consecutive day with more velocity yesterday as Rs. 45 billion in value was wiped off, propelling the year-to-date loss surpass Rs. 400 billion mark and ...
The stock market’s misery worsened yesterday with the benchmark All Share Index (ASI) dipping below the psychological 5,000 points level whilst year to date a staggering Rs. 371 billion in value has been wiped off. The ASI yesterday dipped by 1.5% or 74.66 points, to close at 4,935.01, the lowest close in 22 months or ...
The development of the human resources in the public sector has been identified as an imperative factor to achieve the Government’s development targets by making productive decisions and to deliver efficient and productive services to the general public by the ‘Mahinda Chinthana: Vision for the Future’. In order to fulfil these objectives, the Government of ...
The Japanese government is to fund the studies of young Sri Lankan public sector officials enabling them to pursue a two-year Masters Degree, the Japanese embassy in Colombo said today. Japan is to provide Rs. 340 million for this purpose. The Government of Japan introduced a Human Resources Development Scholarship to Sri Lanka in 2010 for young public sector officials to pursue a two-year Mast...
Sri Lanka’s largest mobile services provider Dialog Axiata PLC has introduced eTeacher, a web based education portal which allows subscribers to follow tuition classes conducted by popular lecturers via the web from any place at anytime, without the hassle of travelling during peak traffic times. The eTeacher web based education portal can be accessed by ...
By an Analyst There is no doubt and there is near unanimity that overregulation by the previous Securities and Exchange Commission arising from inexperience, lack of knowledge and lack of correct strategies was the prime cause for the market collapse witnessed today. The SEC without any foresight and professionalism has introduced ad hoc legislation detrimental ...
Consultant Economist and UNP MP Dr. Harsha De Silva will share ‘possible scenarios for the exchange rate’ on 30 May at Waters Edge at a forum organised by the Sri Lanka Apparel Sourcing Association (SLASA). The exchange rate of late has been a contentious issue and its future outlook will be of importance for the ...
-Uloom Karachi (a leading Institute of Islamic Sciences in Pakistan) and the Centre of Islamic Economics, ...
INSEAD, the leading international business school, has partnered with leading TMT advisory and investment firm Delta Partners to release a joint white paper that defines core emerging markets, growth drivers as well as opportunities and challenges in the global telecommunications industry. At a time when Facebook is getting ready to IPO, its focus on emerging ...
An internship with MAS Holdings, Deutsche Bank and DialogCorporate heavyweights MAS Holdings, Deutsche Bank and Dialog Axiata PLC are in search of the next batch of exceptional interns to join their annual Summer Internship Program, commencing July 2012. This joint initiative is rated one of the best internship programs in the island and has been ...
By Saman Kelegama New deal from Busan? The 4th High Level Forum (HLF) on Aid Effectiveness in Busan which took place during 29 November to 1 December 2011 came out with a New Deal for Engagement of Fragile States – a somewhat novel document of aid architecture that provides fragile states a stronger role in ...
Citrus Leisure PLC recently announced the appointment of Chandana Talwatte as Director/CEO and Vasula Premawardhana as Director of the Citrus Group. Talwatte is a well-respected corporate leader with a proven track record of driving businesses forward under challenging conditions. He served most recently as Director – Sales and Marketing of Cinnamon Lakeside, Colombo. He has ...
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
A bubble in economics refers to a period in which a product or asset is traded in high volumes at prices that are at significant variance with its intrinsic value. History is replete with examples including the Dutch Tulip Mania from 1634 to 1637, the French Mississippi Bubble in 1719-20
By Dr. Arujuna Sivananthan A bubble in economics refers to a period in which a product or asset is traded in high volumes at prices that are at significant variance with its intrinsic value. History is replete with examples including the Dutch Tulip Mania from 1634 to 1637, the French Mississippi
UNP MP Dr. Harsha de Silva backs Daily FT columnist on per capita income data, claimsfigures too inflated and Govt. trying to mislead people and global stakeholders; CB getting more politicised By Uditha Jayasinghe Firing another salvo at the Central Bank, UNP MP and economist Dr. Harsha De Silva yesterday alleged “creative accounting” in calculating ...
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
Relevance to microfinance and total financial inclusion Section 10 (2) of the Finance Business Act No. 42 of 2011, provides that: no other person other than a finance company and an institution specified under s. 10 (6), shall use the words ‘finance,’ ‘financing,’ or ‘financial’ as a part of its name or description, except with ...
President Mahinda Rajapaksa who attended the Parliament yesterday on the special session on amendments to the Finance Act received a lecture on economics from none other than UNP MP Dr. Harsha de Silva. While Dr. De Silva was engaged in a rather heavy criticism of the proposed amendments
Reuters: Asian stocks rebounded on Tuesday and the dollar struggled after Federal Reserve Chairman Ben Bernanke said ultra-loose monetary policy was still needed to reduce unemployment even though the U.S. economy has shown signs of improvement. Wall Street stocks had risen more than 1 percent on Bernanke’s comments, which supported views that easy monetary policy ...
Reuters: Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to make the first concerted challenge to the U.S. grip on the top job at the World Bank, according to sources. The two globally respected economists and diplomats will be nominated for the World Bank presidency by South Africa ...
The Ceylon Chamber of Commerce (CCC), the pioneering business chamber in the country will turn 173 years on 25 March. An anniversary forum for its distinguished members and top corporate personnel will be held on 22 March from 5.30p.m to 8p.m. at the Golden Pond, Hotel Taj Samudra Colombo to celebrate this milestone. Ceylon ...
Lankan born Gishan Dissanaike, the Adam Smith Professor of Corporate Governance, University of Cambridge will share key insights to the good, bad and the ugly of insider trading at seminar on Monday jointly organized by the Institute of Chartered Corporate Secretaries and Securities and Exchange Commission (SEC) in partnership with the Daily FT. Dissanaike will ...