Lanka should woo Asian markets – Koshy Mathai
Sri Lanka could be affected by the Erozone crisis
as the country has a substantial export exposure to Europe said IMF
Resident Mission Head Dr. Koshy Mathai. “That's why we think the
Central Bank's commitment to maintain and even build reserves, as
well as keeping the exchange rate flexible is so important and
Non tariff barriers between SAARC countries, an obstacle
Non tariff barriers between countries in the
SAARC region is the main obstacle for regional development said the
Immediate Past President of the SAARC Chamber of Commerce and
Industries (SAARC CCI) Annisul Huq. The trade gap between regional
countries is huge.
SDBL goes for 'micro justice'
Sanasa Development Bank Ltd (SDBL) has
revolutionised the micro-finance sector by introducing
'micro-justice', which provides people legal education to deal with
livelihood problems. The Bank has set up centres to assist people,
especially among rural communities to ensure that they do not become
victims of injustice. The Bank's aim is to empower the rural poor
who do not have access to financial services.
'Talent and contribution to business success vital'
Passionate, competent and talented employees can
take an organisation to a new level, said Senior Vice President and
Global Head HR, Taj Group of Hotels, H.N. Srinivas. Speaking at the
International HR Conference (IHRC) 2012 on the theme, ‘Does Human
Capital make the biggest difference to organisational
Construction work resumes on Hyatt Regency
Sinolanka Hotel and Spa (Pvt) Ltd, the new
public-private partnership re-launched the construction of Hyatt
Regency Colombo hotel. A spokesman for the hotel said, “It will be
the most modern hotel as well as the tallest building in Colombo
city”. Chairman, Gamini Senarath said that Hyatt Regency, Colombo
would add 475 hotel rooms to cater to the growing tourism sector and
increasing demand in the city.
Sri Lanka moves to 81 from 137 in WB index
Sri Lanka's logistics sector and its
international ranking, has moved up from 137 to 81 in the World Bank
logistics performance index 2012. The ratings are based on 6,000
individual country assessments by nearly 1,000 international freight
forwarders, who rated the eight foreign countries their company
serves most frequently.
Social pensions, key to protecting elderly
As Asia's population ages, developing countries
in the region should explore social pensions that provide cash
benefits to vulnerable older citizens who are most in need of a
safety net, according to a new publication from the Asian
Development Bank (ADB).
Asian Youth Games in H'tota will boost Lanka
Winning the bid to host the Asian Youth Games in
2017 in Hambantota will be a huge boost to promote Sri Lanka as a
destination for tourism and sports, said Sri Lanka Convention Bureau
(SLCB) General Manager and Acting Director General Sri Lanka Tourism
Development Authority, Vipula Wanigasekera.