Bloomberg – Emerging markets are at a turning point with a reversal in sight, said Mark Mobius, executive chairman at Templeton Emerging Markets Group, signaling optimism after the worst annual rout in four years. The “turnaround potential” for Asia is great amid growth in the region, Mobius said in a speech in Kuala Lumpur Tuesday….
SriLankan Airlines is playing an increasingly important role in the campaign by government agencies to crack down on illicit travel through Colombo’s Bandaranaike International Airport (BIA) with 230 persons with false travel documents being apprehended by the airline in 2015. SriLankan Airlines employees work closely with other authorities at BIA such as the Sri Lanka…
The state owned LANKA SATHOSA islandwide store chain will continue to remain with the public and shall not be divested, a top Lankan Cabinet Minister vowed on 15 March.Minister of Industry & Commerce Rishad Bathiudeen, launching Sri Lanka’s International Consumer Rights Day in the Northern city of Vavuniya on 15 March stressed that Sathosa is…
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement in New Delhi at the end of the conference on “Advancing Asia: Investing for the Future,” which was co-hosted by the Government of India and the IMF: “I would like to express my profound appreciation to Prime Minister Narendra Modi…
Meeting was held between the Finance Minister, Hon. Ravi Karunanayake and the Managing Director of IMF, Mrs. Christine Lagarde in New Delhi, India when the Minister visited India to participate the conference, Advancing Asia: investing for the Future jointly organized by the government of India and the International Monetary Fund. Mrs. Melinda Gates, Co-chairperson of…
Reuters – Sri Lankan share index fell on Monday, snapping a two-session gaining streak as it declined below a key support level of 6,000 points, stockbrokers said. The benchmark share index was down 0.54 percent at 5,987.39 by 0627 GMT. The index had gained 2.7 percent in the last two sessions through Friday due to…
Sri Lanka targets 2.2 million tourist arrivals for 2016 and a total of 4.5 million by 2020. According to the Tourism Promotions Bureau, Sri Lanka failed to achieve the two million tourist arrivals target last year and future targets have been amended to realistic levels. There is even a possibility of adding 200,000 tourist arrivals…
Nissan is recalling 46,859 electric cars to fix the brakes. The recall involves the 2013 to 2015 Nissan Leaf electric cars. The Leaf may have brake trouble in extremely cold weather. Nissan told the National Highway Traffic Safety Administration that the computer in the electronic brake booster needs to be reprogrammed. The brake will work…
Reuters – A year ago, Micromax vaulted past Samsung Electronics Co Ltd to become India’s leading smartphone brand. Today, its market share has nearly halved, several top executives have resigned, and the company is looking for growth outside India. In Micromax’s slide to second place is a tale of the promise and peril of India’s…
The Board of Directors of Colombo International Container Terminals Ltd. (CICT) has announced that the company’s first Chief Executive Officer Mr Nelson Liu has been appointed Chairman effective 8th March 2016, and that the CEO position has been filled by Chief Operations Officer Mr Ray Ren. The announcement said CICT will be spearheaded by Mr…
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