Last Updated : 31-07-2014 18:58

 
 

Business

An innovative framework for global climate policy beyond 2015

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With the approach of the World Environment Day today (June 5, 2014) much attention is focussed on climate change and its impact on developing countries due to the release of CO2 to the atmosphere with rapid economic development.

Who will own the world in 2050?

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“Will the world in 2050 be owned by traders and the super-rich or will it belong to the oil and gas producing countries or Bank of China? questions Thomas Piketty, author of the famous book (2013) ‘Capital in the Twenty-First century’.

Low phosphate output likely to trigger fertilizer shortage

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The major fertilizer manufacturing companies in Sri Lanka are currently facing an acute shortage of rock phosphate, a key ingredient used in the manufacturing of fertilizers for tea, rubber and coconut, the industry sources said.

Asia Pacific: Reset for qualitative change

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Permeated by many turbulent events in May 2014, East Asia served as the milieu for events from the coup d’état in Thailand, to maritime cooperation for the Indonesia-Vietnam boundary between President Susilo and the Prime Minister of Vietnam,.......

Sri Lanka tries to dispel shadow of war clouding its economy

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BBC: Ajith Nivard Cabraal, the Governor of the Central Bank of Sri Lanka, has good reason to be pleased. The bank has achieved much in recent years. Inflation is coming down and is below 5 percent. Interest rates are lower too. Foreign exchange reserves have never been higher,.....

Sri Lanka to host second int’l fund managers forum in October

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The Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission (SEC) is planning to hold Sri Lanka’s second international fund managers forum this October at the Cinnamon Lakeside Hotel.

Mobitel joins hands with Central Environment Authority (CEA) for the launch of e-Waste Management Week

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The National Mobile Service Provider Mobitel has joined hands with the Central Environment Authority (CEA) for the launch of the e-Waste management project, under the slogan “An e-waste free Sri Lanka” to support the safe and environmentally friendly disposal of electronic waste products.

Lucky Lanka to enter bourse soon with Rs.300mn IPO

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Leading dairy products manufacturer Lucky Lanka Milk Processing Company Limited, based in Southern Sri Lanka, is planning to raise approximately Rs.300 million via an initial public offering (IPO) shortly, Mirror Business

Sri Lankan economy remains on target: IMF

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The Sri Lankan economy remains on target for 7 percent growth in the short to medium term; however low tax revenue, high public debt and potential climate and external shocks continue to generate down-side risks, according to International Monetary Fund (IMF) Mission Head Todd Schneider.

55 words or 10 phrases customers rarely hear!

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When someone thanks you, the courteous and polite reply is, ‘you’re welcome’. If you hold the door open for someone and they say ‘thank you’, respond ‘you’re welcome’. It feels great to hear it and great to say it.

Are our children leadership material?

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Recently, Bill and Melinda Gates were highlighted in the media for the normal childhood they were said to be keen to give their children. When you are the richest man in the world, it would be prudent to assume that you would indeed want your children to have a normal childhood...

Govt. to ‘relieve’ state banks from investments in SriLankan airlines

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In a bid to strengthen the balance sheets of the main three state banks—Bank of Ceylon, National Savings Bank and People’s Bank, the government has decided to buy back the investments these banks have made in the ailing national career, SriLankan Airlines.

NelFarms launches new corporate brand identity

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The new NelFarms (Noorani Estates (Pvt.) Ltd) logo and corporate brand identify were unveiled by Noorani Estates (Pvt.) Ltd Director Noordeen Sethwala at Ramada Hotel, in the presence of the company’s board of directors, senior management and distinguished guests, recently.

FDIs in 1Q doubles; minister confident of achieving elusive US $ 2bn target this year

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Despite failing to achieve the target of US $ 2 billion in foreign direct investments (FDIs) last year, Investment Promotions Minister Lakshman Yapa Abeywardena said they are confident of their ability to exceed the mark of US $ 2 billion this year.

Total govt. debt increases by Rs.793bn in 2013

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The total government debt increased to Rs.6793 billion in 2013 from Rs.6000 billion in 2012, according to the 2013 annual report of the Finance and Planning Ministry released yesterday.

“Meet…Discuss…Succeed” Galle Face Hotel launches new Meetings, Seminar and Conference Center in the Heart of Colombo

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Galle Face Hotel amidst extensive restoration of the landmark building will open doors to a new meetings and conference centre on July 1st 2014.

Pakistan likely to expand FTA trade with Sri Lanka

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Pakistan, Sri Lanka’s second largest trade partner in the region, has indicated interest in expanding its free trade agreement (FTA) trade with the island, creating growth in bilateral trade, which already exceeds the US $ 460 million mark, according to Sri Lanka’s trade ministry.

Total Govt. Debt increases by Rs.793bn in 2013

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The total government debt increased to Rs.6793 billion in 2013 from Rs.6000 billion in 2012, according to the 2013 annual report of the Finance and Planning Ministry released yesterday.

Changing face of Sri Lanka tourism

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There is no doubt that tourism in Sri Lanka is currently growing in leaps and bounds, with the cumulative arrivals up to April 2014 amounting to 534,132, which is an overall growth of 27 percent year-on-year (YoY). Hence, it is quite possible that the arrivals to the......

Rubber industry needs a production improvement plan

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Many factors have been influencing the natural rubber (NR) industry in the past quarter of a century. Growth in population and the development of world economy have enhanced the demand for goods and services, including rubber products.

India Modified: Any lessons for Sri Lanka?

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Narendra Modi’s dramatic victory has given him a resounding mandate to pursue his pro-growth/pro-business agenda. He campaigned unreservedly on a strongly developmental platform. The results indicate that the majority of Indians want higher growth, lower inflation and less corruption.

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The scene of a tragedy
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
Japanese coastguards cleaning Mt. beach
The scene of a tragedy
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
Japanese coastguards cleaning Mt. beach