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By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...
- Tackling tea travails (Category: Business)
- Planters’ Association Chief says turbulent times for tea (Category: Business)
- Sector report (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
Loss-making State-owned enterprises are nothing new in Sri Lanka. One of the better known ones is SriLankan Airlines, which was given to Emirates due to its inability to breakeven but was retaken by the present Government. Pros and cons of this move is history but cash-strapped and a midst losses, it appears that the Government ...
- Sri Lankan fully national (Category: Business)
- Economy Exercise (Category: Business)
- Social Media (Category: Business)
- New Wings (Category: Business)
Reuters: Forget austerity in the supercar zone at the Geneva Auto Show. Lamborghini and Ferrari flaunted some of their most expensive models to date, confirming the recession-proof appeal of ultra high-end cars to the world’s wealthy. Supercar Bugatti Veyron Grand Sport Volkswagen (VOWG_p.DE) unit Bentley, boasting a rich heritage of super-expensive sedans, coupes and ...
- Bugatti is getting into the home audio business, kind of - Roadshow (Category: Technology)
- Bugatti is getting into the home audio business, kind of - Roadshow (Category: Technology)
Reuters: Iran, facing sanctions that could cripple its oil exports, has told world powers it wants to resume long-stalled talks with “new initiatives”, and France said it might be open to addressing suspicions about its nuclear programme. Tehran made the offer in a letter to the EU’s foreign policy chief obtained by Reuters on Thursday, ...
- Letter To Tiran (Category: Breaking News)
- Marsh sends letter of demand to SLC (Category: Business)
- Iran halts oil sales to UK, France on eve of talks (Category: Business)
- Iran imposes oil ‘counter-sanctions’ on EU (Category: Business)
CMA CGM has announced a major revenue restoration program starting from March 1. “In 2011, the unprecedented decrease of Freight rates coupled with the sharp increase of bunkers and with the deterioration of operational conditions in Asia has severely impacted the results of all carriers operating on the Asia to Europe Trade,’ the global carrier ...
- CMA CGM effects revenue restoration program and surcharges (Category: Business)
- CMA CGM in US-Asia rate restoration initiative from Oct. (Category: Business)
- CMA CGM announces revenue restoration programme and surcharges (Category: Business)
- CMA CGM announces new revenue restoration program (Category: Business)
Reuters: Airbus outsold Boeing almost two-to-one in 2011 after gambling on a revamped fuel-efficient jetliner and delivered more jets than its rival for the ninth year running, while admitting it may struggle to keep its order crown this year. Figures released by the European planemaker on Tuesday
- Spotlight turns to output as Boeing wins show (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Boeing targets number one spot with 1,000 jet sales (Category: Business)
By Tisaranee Gunasekara “Nothing is closer to the law of the jungle than a system of distorted laws and procedures” Haaretz Editorial (2.1.2012) President Rajapaksa won the Eelam War, with the help of countless others (including the imprisoned Gen. Fonseka). In fairytales, the hero who saves a country from some deadly peril is rewarded with ...
- Rajapaksas have rendered the judiciary as subservient as the armed forces or the police (Category: Breaking News)
- UPFA MP Says Hakeem Will Lose (Category: Breaking News)
- We will create an education system that protects dignity of labour – President (Category: Breaking News)
- We will create an education system that protects dignity of labour – President (Category: Breaking News)
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
- What’s next for Brand Sri Lanka? (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
- Treasures of Sri Lanka, the ethical way (Category: Business)
GENEVA (Reuters): The 153 members of the World Trade Organization agree on two things: We’re in a hole. And we must keep digging. The hole is the Doha Development Round, a decade-old negotiation that was billed as the next stage of trade liberalisation after the creation of the WTO itself. After repeated failures to clinch ...
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
- Lamy burglary victim believes robber may have been hit man (Category: USA, New Mexico)
Ever since Richard Nixon's 1973 promise to attain energy independence, successive U.S. presidents all have pledged the same goal, even as foreign supplies composed a larger and larger share of the U.S. energy mix. Now, almost 40 years later, a measure of independence is within reach. But as this booming mountain town in northeastern Pennsylvania shows, the quest for independence involves both ...
- Energy saviour? (Category: Technology)
- Obama sets ambitious goal to reduce US oil imports (Category: USA, South Carolina)
- Seattle chosen to lead LED street light study (Category: USA, Washington)
- Imperative to obtain insights from past mistakes and avoid repetition  President (Category: Breaking News)
Order increases Boeing’s 787 customer base in Middle EastBoeing and Oman Air, the Sultanate of Oman’s flagship carrier recently announced an order for six Boeing 787-8s at the Dubai Airshow. The airline completed an arrangement with Boeing and Kuwait-based leasing company ALAFCO to transfer existing orders for the six Dreamliners from ALAFCO to Oman Air. ...
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Air India takes delivery of its first Boeing 787 Dreamliner (Category: Business)
- China Eastern orders 45 Boeing 737s, cancels 787 orders (Category: Business)
Countries to identify targeted goods over the next year Plan to cut tariffs to 5 percent on list of goods APEC pledges to eliminate domestic content requirements HONOLULU (Reuters): Asia Pacific leaders, including the United States and China, committed on Sunday to slash tariffs on environmental goods and services in a bid to boost trade ...
- Chandula to talk on cross border microfinance at APEC Inclusion Forum (Category: Business)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
- APEC leaders, including Trump, agree on free trade (Category: USA, South Dakota)
Reuters: New investors who have shown interest in Sri Lankan oil and gas exploration await the results of Cairn India’s drilling of a second well in the Mannar Basin before committing to anything, Sri Lanka’s Oil Minister said on Tuesday. Petroleum Industries Minister Susil Premajayantha confirmed that Russian gas export monopoly Gazprom, Malaysian State oil ...
- Government in the dark on extent and volume of Mannar Basin gas deposits (Category: Business)
- Govt. to call tenders for oil exploration in five blocks (Category: Business)
- Another Indian firm to explore oil in Mannar Basin (Category: Business)
- Sri Lankan gas strike for Cairn (Category: Breaking News)
In business the most difficult part is finding, servicing and retaining markets and market share. In exports, this is even more challenging. The ultimate in value addition is brand marketing. The optimum return in global business is achieved by the growth and development of brands. The national economy where the brand is owned has a ...
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Storms brewing in teacups (Category: Business)
The International Air Transport Association (IATA) has expressed its disappointment in the opinion of the Advocate General of the Court of Justice of the European Union (CJEU) which did not support the air transport industry’s challenge to Europe’s plan to include international aviation in its emissions trading scheme (EU-ETS) from 2012. A final decision is ...
- EU probing carbon trading thefts (Category: Technology)
- Airlines say carbon law cutting EU off from growth (Category: Business)
- Delhi Airport becomes 5th in Asia Pacific to be Carbon Accredited (Category: Business)
- Hayleys Business Solutions becomes Sri Lanka’s first CarbonNeutral BPO (Category: Business)
LONDON(Reuters): World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red. Darkening economic prospects and fears the euro zone debt crisis will unravel into financial catastrophe sent global ...
- World stocks outlook tempered by euro zone: Reuters Poll (Category: Business)
- Investors peer past gloom, eye Asian economic rebound (Category: Business)
- Key freight index to rise 35% in H2 on China: Poll (Category: Business)
Eshana De Silva, the Chairman of the Esna Group of Companies and Shermans Logistics has been officially appointed as the Honorary Consul to Kazakhstan. De Silva is also a Director of Pan Asia Bank, Mc Marine and functions as a board member of the Board of Investment (BOI) and the Sri Lanka Ports Authority (SLPA). ...
- G.L. to Russia and Kazakhstan (Category: Breaking News)
- Gujarat opens door for Lankan companies (Category: Breaking News)
- Current Form (Category: Business)
- Middle Order (Category: Business)
(Reuters) – The United States will present a draft resolution to the U.N. Security Council on Wednesday asking it to unfreeze $1.5 billion in Libyan assets for humanitarian needs, a council diplomat said. The diplomat, who spoke to Reuters on condition of anonymity, said he did not expect a vote on the resolution on Wednesday. ...
- US to support UN rights resolution on Sri Lanka (Category: Breaking News)
- US to support UN body's resolution asking Sri Lanka to implement recommendations on abuses (Category: Breaking News)
- US to support UN body’s resolution asking Sri Lanka to implement recommendations on abuses (Category: Breaking News)
- Sri Lanka steps up diplomatic offensive (Category: Breaking News)
Many moons ago, at the end of 2007 in fact, I did a piece for the now-defunct Montage magazine titled “And Then What?” seeking to deal with prospects for Sri Lankans after the Liberation Tigers of Tamil Eelam (LTTE) were done away with. Even though the prognostications were made about a year and a half ...
- Gaddafi lessons for brand building (Category: Business)
- Muammar Gaddafi dead of wounds following capture - Reuters (Category: Breaking News)
- Gaddafi son rallies loyalists for Tripoli fightback (Category: Business)
- Sri Lanka Embassy In Libya To Remain Closed (Category: Breaking News)
The control systems of Iran’s Bushehr nuclear plant have been penetrated by a computer worm unleashed last year, according to a foreign intelligence report that warns of a possible Chernobyl-like disaster once the site becomes fully operational.Russia’s envoy to NATO, Dmitry Rogozin, also has raised the specter of the 1986 reactor explosion in Ukraine, but suggested last week that th...
- A management meltdown at crippled plant? (Category: USA, South Carolina)
- Crisis at crippled Japan plant could continue for weeks (Category: USA, South Carolina)
- More radioactive water spills from plant (Category: USA, South Carolina)
By Malathi De Alwis On 18 May 2009, Sri Lanka officially declared the end of a 30-year civil war fought between. Sri Lankan government forces (GoSL) and Tamil militants, namely the Liberation Tigers of Tamil Elam (LTTE). Such a sea...
- India’s Chinese Bogeymen (Category: Breaking News)
- Cuba out voted at UN Human Rights Council over Sri Lanka (Category: Breaking News)
- China and India playing the great game in Sri Lanka (Category: Breaking News)
- For India, Sri Lanka is not indispensable, but for Sri Lanka, India is indispensable (Category: Breaking News)
By Dr. Dayan Jayatilleka As Asia basks in the glow of the emergence of China and India and benefits from it (economists have even coined a term, ‘CHINDIA’, for this win-win strategic perspective), opinion makers and the media in Sri...
- India says cannot cut economic ties with Sri Lanka due to fear of China's influence (Category: Breaking News)
- Rail Deals (Category: Business)
- Opposition slams Government over pro-China policy (Category: Breaking News)
- Commercial Move (Category: Business)
by Ranil Wickremesinghe By the 4th century BC, Asia had begun its first cycle of economic growth and power. This was the reason why Alexander the Great decided to travel eastward to establish an empire. At that time there was...
- Asia economy: Consumers to the rescue? (Category: Business)
- Economic power shifting to Asia from the West? (Category: Business)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
By: Bruce Cheadle OTTAWA — There’s a global recession and Canada’s economy is not immune. Shiploads of strange, foreign refugees — economic migrants and oppressed minorities — have been landing on our shores, fleeing civil war, economic up heaval and...
- History may not be kind to Jason Kenney as it was to Gustav Schroeder (Category: Breaking News)
- 3rd war crimes suspect arrested in Toronto (Category: Canada, Ontario)
- Canada probes who paid for Tamil refugees’ travel (Category: Breaking News)
- Toews' request delays Khadr's transfer to Canada (Category: Canada, Ontario)
By Mandana Ismail Abeywickrema Sri Lanka’s decision to set up a 1,200MW nuclear power plant by 2025 is expected to be the single largest investment in the country. The nuclear power plant is aimed at generating cheap electricity to address the increasing demand while drawing large investments to boost the country’s economy. The Cabinet of ...
- Environmental concern over nuclear plans (Category: Breaking News)
- Sri Lanka sticks to nuclear energy hopes even after Fukushima disaster (Category: Breaking News)
- Environmentalists slam Sri Lanka's nuclear power plant plans (Category: Breaking News)
- CEB takes nuclear aim (Category: Breaking News)
By K. Ratnayake Sri Lankan President Mahinda Rajapakse’s trip to New York and speech at the UN General Assembly last week had two main purposes: to cover up for war crimes committed during the country’s civil war and to appeal...
- Sri Lanka calls for anti-UN report rally (Category: Breaking News)
- Probe Pressure (Category: Business)
- Parallel world’s short circuit in Oxford (Category: Breaking News)
- Tamil Aussie community criticises govt. decision (Category: Breaking News)
Russia and Norway agree to share fossil fuel spoils
by Dr. Dayan Jayatilleka It is not that Sri Lanka’s foreign relations are not in need of repair, especially after five dismal years between Lakshman Kadirgamar and GL Pieris, but it is ironic in the extreme when the criticism comes...
- India has helped Sri Lanka to best of its ability, will assist with IMF: Jaishankar (Category: Breaking News)
- Sri Lanka permits entry to controversial Chinese tracking vessel Yuang Wang 5 (Category: Breaking News)
- Sri Lanka asks China to defer arrival of ship after India objects (Category: Breaking News)
- Impact of security considerations on foreign policy crafting (Category: Breaking News)
By D.B.S.Jeyaraj The tragic history of post-independence records that the Tamils of Sri Lanka have been subjected to mass-scale mob violence in the years 1956, 1958, 1977, 1981 and 1983. The anti-Tamil violence of July 1983 was the most terrible and horrible of them all. It remains etched in memory even after 27 years. Twenty ...
- 40 Years After The Anti-Tamil Pogrom Of July 1983: Root Causes Remain Unaddressed (Category: Breaking News)
- The Sinhalese are content with an unjust peace: But are Tamils? (Category: Breaking News)
- July 1983 Pogrom: The Black Week That Devastatingly Impacted Sri Lanka Forever (Category: Breaking News)
- Sarath Weerasekera Thinks The Tamils In Sri Lanka Are Born Slaves (Category: Breaking News)
By Rajan Philips On May 17 in Tehran, the foreign ministers of Iran, Turkey, and Brazil announced that they had reached a deal on exchanging uranium fuel for use in the Tehran Research Reactor....
- Iran to ship uranium to Turkey in nuclear deal (Category: USA, North Carolina)
- Can Tehran Non Aligned Summit End Iran’s International Isolation? (Category: Breaking News)
- Iran loads fuel rods into 1st nuclear power plant (Category: USA, South Carolina)
- Iran’s Ahmadinejad to visit as China slams new sanctions (Category: Business)
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