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BRUSSELS (Reuters): Euro zone economic sentiment defied expectations of stabilisation and again fell sharply in September, underlining the economic gloom brought on by the sovereign debt crisis as the euro zone sinks into a recession. The European Commission’s monthly economic sentiment survey showed the index for the 17 countries sharing the euro falling to 85 ...
- Asian markets firmer as focus turns to FOMC from Greece (Category: Business)
- German Ifo business morale rises unexpectedly (Category: Business)
- Euro zone fears rattle global markets (Category: Business)
- Oil up despite weak Europe data (Category: Business)
Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
- Richardson CFL bulbs take on a new shine (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Phoenix to manufacture world renowned 21st century technology ‘FlowGuard’ (Category: Business)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
Reuters: British inflation ticked down in August despite a rise in oil and fuel costs, providing the Bank of England with more leeway to inject additional cash into the fragile economy. The Office for National Statistics said on Tuesday that consumer price inflation slowed to 2.5 per cent
- Inflation edges down as month-to-month prices rise (Category: Canada, Ontario)
- Inflation drops further in July (Category: Breaking News)
- Inflation slips on food prices (Category: Business)
- September annual inflation eases to eight-month low (Category: Business)
Reuters: The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the 11 countries have been given a second 180 day reprieve from the threat of ...
- Saudi, Venezuela gain from Iran’s shrinking oil sales to Asia (Category: Business)
- Asia’s Iran crude imports to regain levels prior to EU ban (Category: Business)
- Iran oil output steady despite sanctions (Category: Business)
- U.S. “encouraged” by Sri Lanka moves on Iran oil (Category: Breaking News)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
SINGAPORE (Reuters): Tyre makers snapped up rubber for nearby shipment before prices rise again on expectations of more stimulus measures from the U.S. Federal Reserve, dealers said, although there are some concerns about rising inventories in main consumer China. Tyre grades from Thailand, Indonesia and Malaysia for October/November delivery were sold overnight at between $2.63 ...
- China buys SMR20 rubber at lowest prices since late 2009 (Category: Business)
- Globle rubber industry hopes China demand will offset Europe woes (Category: Business)
- Thai 2012 rubber output seen up 5% (Category: Business)
- India rubber seen up on global cues, supply drop (Category: Business)
By Shanuka Tissera Amendments to the Petroleum Products (Special Provisions) Act have been finalised and approved by the Attorney General. It is expected that both bills will be presented to Parliament shortly for enactment. Pending the enactment of new legislations, the Cabinet of Ministers has appointed the Public Utilities Commission of Sri Lanka (PUCSL) as ...
- Lanka Lubricants losing market share at a slower pace: Arrenga Capital (Category: Business)
- In-depth workshop on lubricant industry today (Category: Business)
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
The International Air Transport Association (IATA) last week announced global traffic results for July showing slower growth in both air travel and freight, but with considerable variation by region and market. n July passenger demand in aggregate was 3.4% higher than the same month last year, compared to a 6.3% increase in June and average ...
- 2011 ends on positive note for global aviation (Category: Business)
- July global passenger traffic gets a boost, freight stagnates – IATA (Category: Business)
- Global aviation demand growth compromised by high oil prices – IATA (Category: Business)
The launch of Piaggio BOSA, manufactured in India using ultra-modern Italian technology, was held at Waters Edge recently. Introduced to the market by Associated Motorways Ltd (AMW), the distinctive features of Piaggio Bosa and the warm reviews it received from Dealers, amply demonstrated its capability to revolutionise the automotive trade. The launch ceremony of Piaggio ...
- AMW appreciates Piaggio sales, service and spares dealers (Category: Business)
- AMW opens Piaggio three-wheeler showroom in Batticaloa (Category: Business)
- Piaggio expands to Gampaha (Category: Business)
- AMW opens Piaggio three-wheeler showroom at Dambulla (Category: Business)
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
- Aitken Spence Hotels observe Earth Hour 2012 (Category: Business)
- Leading corporates commit to embedding ‘Global Compact and Sustainability’ (Category: Business)
Reuters: When the Nissan Motor Co compact sedan Sentra rolls into U.S. showrooms in the fourth quarter, consumers may notice that it looks a lot like its bigger stable mate, the recently introduced Altima. Nissan is pinning expectations of increased Sentra sales for the all-new Sentra in part on the more aerodynamic design and resemblance ...
- Nissan unveils sleeker Pathfinder SUV (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Honda needs new Accord to be a hit in US (Category: Business)
- Automakers rev up new model rollout in US – study (Category: Business)
SINGAPORE (Reuters): Asian gasoil prices remained supported on Monday as spot demand emerged from Sri Lanka and the Philippines, traders said. Gasoil cracks slipped by 14 cents to $19.91 a barrel while September prices increased more than October gasoil prices in the derivatives market. Sri Lanka’s Ceylon Petroleum Corp. is seeking 300,000 barrels of gasoil ...
- Asia distillates-high sulphur gasoil premiums down on demand dip (Category: Business)
- Ceypetco buys Feb cargo at a premium (Category: Business)
- Asia Distillates-Sri Lanka, Philippines spot demand supports (Category: Breaking News)
- Lanka IOC seeks over 70,000 T gasoil, gasoline for May (Category: Business)
The Planters’ Association of Ceylon, the representative body of the island’s corporate plantation sector lauded the Regional Plantation Companies (RPC’s) which secured awards at the first ever National Plantation Awards held at Temple Trees recently. The ceremony saw a total of 86 outstanding performers including smallholders, manufacturers, exporters and RPCs receive awards from...
- Kelani Valley and Talawakelle win four National Plantation Awards (Category: Business)
- Pussellawa Plantation wins awards for rubber replanting and productivity (Category: Business)
- Plantation company among Sri Lanka’s top 10 (Category: Business)
- Elpitiya Plantations recognised for hydro power generation (Category: Business)
United Motors Lanka PLC (UML) recently introduced the Valvoline diesel synthetic 5W-40 to the Sri Lankan market. The diesel synthetic 5W-40 is formulated with high-quality synthetic base stocks and a boosted additive system. The diesel synthetic 5W-40 boasts hi-performance synthetic technology that meets the stringent demands of modern diesel engines, including those built on ...
- United Motors introduces free watch promotion for Valvoline Syn-Power Oil (Category: Business)
- Sri Lanka Govt version: What to do aiyo! (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
- VIDEO: What is synthetic biology? (Category: Technology)
THE cost of living is a daily state of being, rather than a condensed number for the masses. However, the latest August data depicts dangerous signs for the Government as it heads towards elections. On Tuesday President Mahinda Rajapaksa was seen visiting the drought-hit regions ahead of his campaign trail in the three provinces that ...
- Inflation seen at 42-month high in July (Category: Business)
- Rupee fall drives inflation to 41-month high (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s inflation hits three-year low, cenbank seen unmoved (Category: Business)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Achievements so far The authorities have achieved significant success in reducing the budget deficit from 9.8% of GDP in 2009 to 6.8% in 2011. The bold measures introduced in February/March 2012 to increase fuel and electricity prices, passing on higher global costs, have gone a long way towards reducing the off-balance sheet losses of 2% ...
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- Financial Roadmap for 2012 unveiled (Category: Breaking News)
Gulf Air, the national carrier of the Kingdom of Bahrain, posted significant improvements in its 2012 half yearly performance against the same period last year across its business operations, indicating positive results. Announcing the highlights of the Jan-June 2012 business performance of the company, Gulf Air CEO Samer Majali said that the airline has recorded ...
- Gulf Air extends its wings to Sri Lanka. (Category: Breaking News)
- Gulf Air extends its wings to Sri Lanka. (Category: Breaking News)
- Gulf Air to downsize, seeks State funds (Category: Business)
- Gulf Air resumes flights to Colombo (Category: Breaking News)
Reuters: Tanzania has suspended the head of its ports authority and six other senior port officials over allegations of cargo theft and embezzlement of public funds, the transport ministry and local media said on Friday. The government is struggling to crack down on corruption in ministries and state institutions, with the public losing patience at ...
- Allegations do not affect SLPL integrity – Organisers (Category: Business)
- Bin Hammam’s life ban overturned by CAS (Category: Business)
- Yemen’s Aden Port to cancel DP World deal (Category: Business)
- Five IPL cricketers suspended on corruption allegations (Category: Business)
Thai Airways International has taken delivery of the first of eight brand new Boeing 777-300ERs being leased from Singapore’s BOAC. The new B777-300ER aircraft, which you can see in the short HD video below, features Thai Airways’ new cabin interior design, IFE system and seats. The aircraft is the first in the airline’s 2011-2017 corporate ...
- Cathay Pacific orders 12 new Boeing (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Etihad Airways counting down to Boeing 787 Dreamliner (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Branding Sri Lanka (Category: Business)
NEW DELHI, (Reuters): India’s wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the central bank to cut interest rates at its September meeting to try to revive the struggling economy. Inflation dropped to 6.87
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- India’s July inflation eases; rate hike still seen (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s March industrial output falls (Category: Business)
Reuters: Ford Motor Co said recently its 2013 C-Max Hybrid crossover surpassed Toyota Motor Corp’s Prius V on fuel economy, with EPA ratings of 47 miles per gallon in the city and on the highway. The Prius V is rated by the US Environmental Protection Agency at 44 mpg in city driving and 40
- Nissan Sentra redesigned as Altima look-alike (Category: Business)
- Toyota launches world’s most fuel-efficient hybrid (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Revenge of the internal combustion engine (Category: Business)
Diesel and Motor Engineering PLC (DIMO) recently introduced the first Komatsu PC130-8 excavator to the local market. The first excavator was delivered to Rodrigo Electricals – Wattala Director Randeer Rodrigo by DIMO General Manager – Construction and Mining Machinery Chaminda Ranawana at the DIMO construction machinery service complex at Siyambalape. Speaking at the handing over ...
- Top principals of Dimo Construction Machinery Division meet customers (Category: Business)
- Minister Wimal calls upon the youths to be self employed (Category: Breaking News)
- DIMO expands presence in Anuradhapura with newer spacious location (Category: Business)
- DIMO expands its presence, opens new branch in Trincomalee (Category: Business)
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
- Brent oil set to end yr up 14%, record high average (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
- Oil creeps toward top of Asia’s economic worry list (Category: Business)
- Brent slips below $123 (Category: Business)
Reuters: India’s industrial output fell for the third time in four months in June, adding to pressure on new Finance Minister Palaniappan Chidambaram to move quickly and pull Asia’s third-largest economy from its worst slowdown in almost a decade. The manufacturing-led slump provided
- India’s industrial output contracts for third time in four months (Category: Business)
- India’s March industrial output falls (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- World growth at risk as US employment stumbles (Category: Business)
Adds 10MW of renewable, sustainable energy to National Grid Nirmalapura Wind Power (Pvt) Ltd. commenced commercial operation yesterday and is expected to add 10 megawatts to the National Grid through its wind turbine generators. The venture is the latest step towards boosting the power requirements of the nation through renewable and sustainable ‘green’ energy. Green ...
- LOLC’s commitment to renewable energy recognised (Category: Business)
- 30 MW wind power joins national grid (Category: Business)
- Contract signed to build Hybrid Renewable Energy Systems on main islands off Jaffna (Category: Breaking News)
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