There is a controversy with regard to the alleged upward revision of the growth rate of quarterly GDP by 0.5 per cent from 5.5 per cent to 6.0 per cent.
This has created some doubt in the public mind as to the accuracy and reliability of estimates of National Accounts.
Boeing maintained its 20-year forecast for airplane demand at US $ 4.8 trillion and predicted that nearly half of the world’s air traffic growth would be driven by travel to, from or within the AsiaPacific over the next two decades.
The export earnings rose 13.2 percent year-on-year (YoY) to US $ 986.1 million while the import expenditure expanded 2.1 percent YoY to US $ 1.56 billion in December2013.
A recent article by Gail Tvreberg from a think tank on “Our Future World”, reproduced in “Oil Voice” Magazine of 4 February 2014 highlights that solutions to our energy dilemma will not work if we do not understand that the problem is quite different from what it really is and developing into a long term problem which in.........
Sri Lanka received 146,575 tourists during the month of January (2014), up 32.6 percent from the corresponding month of the previous year, data released by the country’s tourism authority revealed.
Providing satisfaction to customers is an intuitively sensible route to running a profitable business. But we have not been very good at measuring whether or not businesses are doing a right job in delivering satisfaction to their customers. Part of the problem is a lack of clarity about the meaning of some of the concepts involved.
Because you plan to spend the money you set aside for short-term goals relatively quickly, you’ll want to focus on safety and liquidity rather than growth in your short-term portfolio. Treasury bills (T-bill) backed by the government’s promise to repay are generally considered safe investments.
The Fourth Assembly of the International Renewable Energy Agency (IRENA) took place from January 18-19, 2014 in Abu Dhabi, United Arab Emirates (UAE), attended by more than 1200 participants including heads of state and ministers from over 150 countries, as well as representatives from 120 international organisations.
Volunteering is in – whether in reaching out to communities, helping street children or simply doing something for someone who cannot afford you or pay you back, it is not only fashionable but also extremely relevant in the world we live in today.
There are many problems have arisen with regard to condominium corporations and the management. As a result there are many unhappy buyers and they do not know where to go to get these problems satisfactorily resolved. Therefore it is necessary all condo buyers should know the role of
Commercial Bank of Ceylon has signalled its intentions to sharpen its focus on the sphere of investment banking, with the relaunch and renaming of its Corporate Finance Unit as ‘Commercial Bank Investment Banking’ to reflect the broader dimensions of the unit.
Sri Lanka’s rubber prices have seen a considerable decline since the beginning of the new year, an analysis of the Colombo rubber auction prices by Mirror Business showed.
When I book a hotel I look for one that provides comfort and a secure environment. In a hotel environment, safety and security are two sides of the same coin. Let’s examine this on an imaginary – but not totally unreal series of incidents that all occur to the Nemo (‘Nobody’ in Latin) family, when they are picked up from......
We had a big debate on emerging markets’ growth prospects at our Annual Meetings in October 2013. We lowered our 2013 growth forecast for emerging markets and developing economies by a whopping 0.5 percentage points compared to our earlier forecast. Some argued that we were too pessimistic.
For some time now it has been quite clear to economists that assessments of economic performance cannot be solely focused on overall income growth, but must also take into account income distribution. This is because a growing body of research has established that where the income inequalities are...........
A very timely seminar on the ‘Debacle of Finance Companies’ was held recently at The Kingsbury. Human Rights Commission Chairman Justice P.R.P. Perera chaired, whilst presentations were made by banker, lawyer cum accountant, Ranjith Fernando, President’s Counsel K. Kanag-Isvaran and.....
Is the Colombo Stock Exchange (CSE) finally putting aside its losing streaks? With the first month of 2014 just over, signs are surely encouraging with the All Share Price Index (ASPI) having gained around 250 points representing a YTD gain of 4.2 percent, which is good considering that we are......
Bloomberg’s regular economic forecast on Sri Lanka showed a sense of relative optimism for 2014 on many indicators, though they remained below the Central Bank’s overly ambitious estimates for the ensuing years.
The average city hotel occupancy rate during the year 2013 stood at 65 percent, down from 70 percent in 2012, despite an increase in tourist arrivals, Colombo City Hotels Association Chairman M. Shanthikumar said.
Ben Bernanke’s eight-year term as chairperson of the United States Federal Reserve Board came to an end last week, with successor Janet Yellen taking over from February 1.
Sri Lanka’s business climate stands as the island’s strongest attraction for Foreign Direct Investment (FDI), a factor which must be greatly improved on through targeted reforms, Ceylon Chamber of Commerce (CCC) Chairperson and Lion Brewery CEO, Suresh Shah said.
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