Reuters: India’s desire to spend billions of dollars on overseas infrastructure could undermine efforts to ease major domestic port congestion that has hindered trade in Asia’s third largest economy. New Delhi plans to create a state-owned firm, India Ports Global, dedicated

DHL, the world’s leading logistics company, and Blue Dart, part of the DHL Group, are piloting Smart Truck technology in Bengaluru, India, the first deployment of this successful logistics innovation outside Germany. Created by DHL Solutions & Innovations (DSI), the DHL Smart Truck is an “intelligent” pick-up and delivery vehicle that combines a number of ...

According to latest report of Global Peace Index (GPI), Sri Lanka ranked 126 while Norway ranked in ninth place. Here we are talking about the riots that took place in UK recently and the same GPI ranked the UK in 26th place (100 places ahead of Sri Lanka). A series of incidents erupted in England ...

DETROIT (Reuters): Toyota Motor Co showed off its all-new Camry on Tuesday, aiming to recover lost sales momentum with price cuts and a high-powered ad campaign for its flagship sedan that remains America’s best-selling car. Sales of the Camry are down 8 percent this year but it is still No. 1 in the United States ...

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). ...

Recently rebranded Divasa Finance Limited has opened its first branch since receiving its finance company licence in the bustling town of Kalutara. The branch is located at No. 697/2, Kalutara South, Kalutara. The branch was declared open by the Chairman of the Kalutara Urban Council M. N. M. Jauffer amidst a gathering of the chairman ...

 India, Singapore, Sri Lanka firms investing 99.6% of the rock removed, remainder needs $ 3 m Full port operations due after rock removal By Shihar Aneez Reuters: Sri Lanka’s Ports Authority on Wednesday said it has approved $610 million investment in large warehousing projects for sugar, fertiliser, and bottle manufacturing at its new port in ...

Reuters: Japan is looking to join the United States and Europe in adopting standards that set fuel economy targets averaged across a car maker’s entire fleet, according to a government proposal announce. The draft guideline calls for an improvement of 24.1 percent in the average mileage

GENEVA (Reuters): A revival in global air travel may be about to slow sharply as economic headwinds discourage premium travel, industry body IATA said last week. Its data for June showed a slight dip in premium and economy travel growth rates from May, although the number of passengers

Reuters: European planemaker Airbus expects aircraft production to be flat or slightly higher in the event of another global economic downturn as growing demand for medium-haul jets in Asia helps it keep the pressure on rival Boeing. Airbus’ sales chief John Leahy warned on Tuesday a new recession was a possibility but said if that ...

Bloomberg: Sri Lanka’s economic growth is set to outstrip India’s for the first time since 2000 as record foreign investment and Government spending fuel a resurgence after almost three decades of civil war. The island nation’s $ 50 billion gross domestic product will increase 8.5 per cent this year, up from eight per cent in ...

Suzuki Maruti Economy Rally 2011, a unique motor sports experience which rewards the thriftiest driver who saves the most amount of fuel, will be held on September 11th 2011.    The rally which will start at 8.30 a.m. at AMW Showroom in Borella will have a selected number of owners

A MEETING organised by the ESCAP Secretariat for representatives of Asia and Pacific countries was held recently to discuss opportunities and challenges faced by the region in the light of current global trade and investment developments which have thrust the region to the forefront as a global leader in trade and investment. The recommendations made ...

Washington, Aug 16 (IANS/EFE) Economists see a 30 percent chance that the US will suffer another recession, a significant increase from their view three months ago, according to a survey released Monday by USA Today. Results of the newspaper’s latest quarterly survey of 39 prominent economists, carried out Aug 3-11, showed that they felt that ...

Reuters) – If history is any guide, another oil-induced recession may be just around the corner, at least for the United States and some of the other developed economies. Every time that the cost of oil relative to global economic output has hit current levels — and that’s even after sharp falls in spot prices ...