It could be upsetting to find that the hotel you’ve made a reservation with, has sold your room to ‘someone else’, as Linda and Michael Morgan found out in 2010.
For all the controversy around it, the breathtaking scope of India’s food security scheme for nearly two-thirds of the population sends a powerful message across developing Asia.
International long-term private finance to developing countries has changed dramatically in the wake of the global financial crisis. Caught in “post-crisis blues”, as my World Bank colleagues Jeff Chelsky,
Recently a training workshop was held in Colombo under the auspices of the International Rubber Research...
Sri Lankan enterprises – especially SMEs use a comparatively high level of bank borrowings to fund investments. This is partly due to low level of domestic savings and inefficiency in the capital market.
A century ago, their tribe, engaged in less complicated businesses than power-packed takeovers, was known as robber barons. Today, the billionaires whom Wall Street admires for their ability to generate money on money, are apparently fanged with takeover poison spewing from them and companies have come to fear the activist investors for just what they can do to peel off a company, layer by layer, unravel years of brand building to uncover what the investors call ‘hidden potential’. The companies call it dying by strangling or somewhat closer to it.
Sri Lanka has high trade deficits. And, instead of shrinking, they are increasing over the years. The current government policy, based on import substitution, will not be able to solve this serious problem.
By Jarkko Turunen
A year ago, we were very concerned about lingering weakness in the U.S. housing market, which we saw as a major obstacle to the economic recovery.
But what a difference a year makes! As our latest report on the U.S. economy points out, the housing market recovery has been stronger than expected, and is providing a significant boost to private domestic demand and economic growth.
After the disastrous consequences of the anti-export-bias and import substitution polices, Sri Lanka, since 1978, has implemented many strategies and programmes to promote export oriented industries and agriculture. Nevertheless the country’s export performance during the four decades that have ensued has been disappointing.
Her story is right out of the blockbuster movie ‘Slumdog Millionaire’. In a society that still treats its daughters...
China and India continue to vie for maritime influence, as influence over the Indian Ocean Region (IOR) remains both commercially and strategically advantageous. However, India’s recent strategy includes developing regional cooperative maritime frameworks that focus on security as a preventative hedge on Chinese incursions.
The end of the conflict has raised expectations regarding the growth prospects of the country. However, a lesson to be drawn from the experience of 2010 and 2011 is that a sustained accelerated growth trajectory cannot be achieved by demand management policies alone i.e. adjustments to monetary, fiscal and exchange rate policies.
In 2012, Sri Lanka received a million arrivals. The target for 2013 is to attract 1.25 million visitors. Arrivals in the first half of this year totalled 512,281, which is up 13.1 percent over the 452,867 achieved last year for the same period.
Some things in life will never go out of fashion as the world’s most photographed after her late mother-in-law...
The International Rubber Study Group (IRSG) in it’s report released recently has said that the world total rubber consumption increased sharply in January 2013, rising to 26.1 million before falling down to 26.0 million tonnes in March 2013, as measured by the moving annual total (MAT).
Sri Lanka’s parliamentary Committee on Public Enterprises (COPE) says that some state enterprises have caused a loss of Rs. 15 billion to the Treasury.
Today there are around 235 state enterprises in Sri Lanka.
This article will unfold an ideal investment opportunity for less sophisticated investors. There are many ways in which an individual could invest in the stock market. One such method would be through unit trust (UT).
If you are in selling or servicing business, very likely, your organisation would have already implemented one or more customer-focused strategies and some form of customer service system. At some point, you or your organisation has probably been asked the question
Thankfully, the eventual impact of Cyclone Mahasen on South Asia was softer than feared before it struck land this...
Both Japan’s post-World War II recovery and China’s resurgence over the last three decades were export-driven. Manufacturing, based on low-cost labour, was the key determinant of the initial transformation process in both instances.
AFP: Multi-million-dollar casinos planned for Colombo have boosted Sri Lanka’s ambitious hopes of becoming Asia’s new gambling hotspot, but the projects still face political and religious opposition.
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