CEPA talks likely to resurface
The talks on the Comprehensive Economic Partnership Agreement (CEPA) are likely to resurface as Indian Foreign Minister S M Krishna’s visit is to be followed by a visit from India’s Commerce Secretary next month, The Bottom Line learns. However, the Sri Lankan External Affairs officials said that they were not informed about a visit of India’s Commerce Secretary Dr Rahul Khullar. Read More
Panasian Power eyes expansion
Panasian Power, a fully owned subsidiary of Power Hub International Malaysia, is planning to expand its thrust in the privately owned Sri Lankan hydro power sector as the company is poised for a series of acquisitions, a top official of the firm said. “We are planning to increase our capacity to 15 megawatts in total within the next two years and we are already in discussions with several parties” Panasian Power... Read More
Uncertainty prevails in bourse
The fate of approximately Rs. 5.5 billion worth of shares bought on credit hangs in the balance as the stock market watchdog is appeared not to change its stance on limiting brokers’ ability to provide credit by implementing the proposed T+3 (trading day+3 working days) settlement regime. When contacted by The Bottom Line to find out the stance of SEC over the proposed regime, Securities and Exchange Commission’s ... Read More
DRIVING GROWTH
Central Bank Governor Ajith Nivard Cabraal jokingly emphasises a point to two of his Deputy Governors, Dr D S Wijesinghe and P D J Fernando, at the International Research Conference 2010 in the backdrop of the ‘development budget’ presented by the Finance Ministry. (Pic by Rukshan Abeywansha)
2011 BUDGET IN A NUTSHELL
The Government has implemented a US$2 billion reconstruction programme in the North. These major reconstruction... Read More
Universities need to serve market needs
In a bid to improve the quality of India’s higher education sector and to cater... Read More
Plantation
Development of global oil palm industry
It is generally agreed that the Oil Palm (Elaeis guineensis) originated in the tropical... Read More
Opinion
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Microfinance - Leave well alone
Capping microfinance interest rates will hurt the poor. There are better ways to regulate the industry MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has come under attack for being too commercial. - SOME BOLD STEPS TO TAME THE ‘BUDGET MONSTER’Preparing the Budget 2011 was no simple task for the Treasury officials. It was a challenging feat on many counts. Taming the voracious monster The previous short sighted fiscal policy pursued by successive governments had infected the country’s budgetary set up with a wide range of ailments. Over the years, with no curative treatments being applied, these ailments had become chronic.
Economy
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Motorist
- India’s Mahindra signs deal to buy Ssangyong
- Maruti gears up to make VW brands
- AMG eyeing Ducati takeover, AMG-branded Motorbikes possible
- Ford plans new plant in Gujarat
- Mazda to recall cars over fuel pump defect
- Toyota suffers second straight output fall in October
- Aston Martin Unveils 2011 Vantage GT4 Race Car
- Toyota unveils Ractis
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Money
- Fortunaglobal and PayMate boost links with Bank of Ceylon
- SMB Leasing further strengthens directorate
- HNB assists SMEs in Matara
- Commercial Bank lines up attractive cash prizes for e-Exchange clients
- LB Finance beefs up its team
- Winner of Union Bank RanOne wipe-out draw from Vavuniya
- Singer Finance sets new performance
benchmarks
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Advertorial
- Toto launches flagship showroom in Sri Lanka
- HP Introduces ePrint Enabled and Web Connected Printers to the market
- All natural soursop ice cream from Elephant House
- Triad continues award-winning spree at Effies 2010
- Delmege and Singer tie up to offer Black & Decker home appliances
- Low tuition fees to study quantity surveying in UK
Stories
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Adaaran ‘Select’ Meedhupparu wins gold award from Thomson HolidaysMALE – Adaaran ‘Select’ Meedhupparu has won a Gold Award for the best hotel in its class according to the feedback of Thomson Holidays customers. The award was given at a ceremony held at the renowned Savoy Hotel in London during World Travel Mart 2010. The awards are given based on the feedback that is collected from all Thomson Holidays customers who fly to various destinations on various aspects of the service levels at the resorts/hotels they stay. Read More
Travel/Aviation - Adaaran ‘Select’ Meedhupparu wins gold award from Thomson Holidays
- Oman Air celebrating first
anniversary of hi-tech fleet
- Aitken Spence School of Hospitality produces third batch of trainees from East and Uva
- Airport Garden Hotel welcomes new GM Shekhar Walavalkar
- Singapore Airlines and Garuda Indonesia
- SriLankan unveils expansion plans
- Emirates announces two new senior appointments
