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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)
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)
Diesel and Motor Engineering PLC (DIMO) recently organised the second Tata Nano Mileage Challenge Rally for Tata Nano owners in Colombo. The rally was flagged off from Colombo, with the objective of raising customer awareness and reassuring the position of Tata Nano as the most fuel efficient passenger car in Sri Lanka. Twenty five Tata ...
- Will Nano succeed in Sri Lanka? (Category: Business)
- Nano Effort (Category: Business)
- Mercedes-Benz New Year Bonanza Winners Get Brand New TATA Nano Cars (Category: Business)
- Tata Nano Re-established As The Most Fuel Efficient Passenger Vehicle In Sri Lanka (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 to record 8.3% growth achieved ...
- 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: Passenger jets could be chomping on straw or flying on fuel extracted from sawdust in coming years as the search widens for cleaner alternatives to kerosene, French scientists say. The “ProBio3” project, started in early July and co-financed by a French government economic stimulus programme, aims to use traditional horse-bedding materials to develop a ...
- Galle Fort to get green hydro-powered tuk-tuks (Category: Business)
- SignalGuru app helps drivers avoid red lights (Category: Business)
- SJB trade unionist raises queries over National Fuel Pass (Category: Breaking News)
- Warsaw Board Of Aviation Looks Ahead To New Year (Category: USA, Indiana)
SriLankan Airlines established its presence in the most bustling district of the Southern Province, Hambantota, with the opening of a new sales office on Friday, 21 September. The branch office will facilitate travel formalities to a large clientele in the south-eastern coast area. The modern facility is equipped to handle reservations, ticketing, Prepaid Ticket Advices ...
- SriLankan Airlines opens an office in Hambantota (Category: Breaking News)
- Classic Travel opens branch at World Trade Centre (Category: Business)
- SriLankan Airlines opens passenger sales agency in Hambantota (Category: Breaking News)
- SriLankan Airlines now in Jaffna (Category: Breaking News)
The first-ever National Bamboo Processing initiative will be kicked off today, 19 September, at Galle Face Hotel, Colombo. The UNIDO focal point office in Colombo will be launching the event with Minister of Industry and Commerce Rishad Bathiudeen and Secretary, Ministry of Industry and Commerce Anura Siriwardena. The launching will also be attended by senior ...
- Bamboo processing industry initiated in Sri Lanka (Category: Breaking News)
- Lanka’s fledgling bamboo industry gets UNIDO backing, aims 10000 Ha coverage by 2018 (Category: Business)
- UNIDO enlists top global financier GEF in pioneering alt-power push (Category: Business)
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 last month from 2.6 per cent in ...
- 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: Researchers at the Massachusetts Institute of Technology have developed a system that uses dashboard-mounted smartphones to help drivers avoid red lights and reduce fuel consumption. The app called SignalGuru predicts when a traffic signal is about to change, and the speed that should be driven when approaching an intersection in order to cruise through ...
- Three Lankan sisters escape in accident in Dubai (Category: Breaking News)
- Fluke Networks unveils AirMapper App for Android smart phones (Category: Business)
- New app transfers money with the tap of a phone (Category: Business)
- Galle Literary Festival partners with Appwolf for iPhone App (Category: Business)
First in a new class and first of 10 newbuilds; Ship sets standards in environmental protection and efficiency Hapag-Lloyd recently held a naming ceremony for the Hamburg Express, the first of 10 new vessels in its new 13,200 TEU class. Cornelia Behrendt, wife of Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd, performed the ...
- Capacity Concerns Trigger More Rate Fears For Shipping Lines (Category: Breaking News)
- Hapag launches new weekly Viet Nam America Express service (Category: Business)
- Maritime market update (Category: Business)
The UNIDO focal point office in Colombo has successfully marshalled a US based top tier global fund for its pioneering bamboo initiative leading to large scale bio-mass alternative energy material growth in Sri Lanka. “We are highly encouraged by the strong co-financing support of the Global Environment Fund (GEF) headed by Jeffrey Leonard, whose firm ...
- UNIDO’s first Lankan bamboo industry initiative today (Category: Business)
- Lanka’s fledgling bamboo industry gets UNIDO backing, aims 10000 Ha coverage by 2018 (Category: Business)
- UNIDO launches $15.9m bamboo project (Category: Breaking News)
The SriLankan Airlines Group stamped its class as an institution that is in the forefront of environmental conservation, when it swept the ‘State Sector Buildings – Large Scale’ category at the Vidulka National Energy Efficiency Awards 2012. The National Carrier won the only Silver Award in the category, while its subsidiary SriLankan Catering Ltd. was ...
- SriLankan Catering wins sixth environmental award (Category: Business)
- SriLankan on a roll to reduce carbon footprint (Category: Business)
- SriLankan Catering wins Etihad Global Excellence Award for Best Regional Caterer (Category: Business)
- SriLankan Airlines turns 33 (Category: Business)
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 may be overblown three years after the end of the ...
- 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)
Despite a reversal in the rate of exports decline and evidence of some improvement, Sri Lanka is actively moving to help its exporters to face the global downturn, with a challenging new $ 12 b export goal set for 2102. “Since you, the distinguished exporters, who account for nearly 80 per cent of Sri Lanka’s ...
- US $ 12 b export target (Category: Breaking News)
- Third Exporters’ Forum forges ahead (Category: Business)
- Hayleys’ fibre sector companies bag triple at NCE Export Awards (Category: Business)
- Sri Lanka asks exporters to push product quality (Category: Business)
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)
On Friday (7) afternoon, the eve of provincial council elections in three provinces, a certain gathering took place at 101, Rosmead Place, which houses the corporate offices of Democratic National Alliance (DNA) National List Parliamentarian, Tiran Alles. Consultations that lasted for hours, took place between Alles and UNP Deputy Leader Sajith Premadasa and a few ...
- Towards impunity and democratic erosion (Category: Business)
- Monsoons and elections (Category: Business)
- Election fever grips as political parties begin campaigning (Category: Business)
- Outside conspiracies will not be allowed – Mahinda (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)
Reuters: Saudi Arabia is concerned about high oil prices and will take steps to moderate them, its oil minister said, in a statement that some in the oil market read as a signal to consumer nations that there is no need to release emergency oil reserves. “Saudi Arabia is concerned about rising oil prices in ...
- OPEC crude output surges to 31.4m bpd in March (Category: Business)
- BPD investigate misconduct related to COVID-19 vaccine deployment (Category: USA, Maryland)
- BPD investigate misconduct related to COVID-19 vaccine deployment (Category: USA, Maryland)
- BPD investigate misconduct related to COVID-19 vaccine deployment (Category: USA, Maryland)
WASHINGTON (Reuters): Obama administration officials told energy experts this week they worry a release of crude from U.S. emergency reserves would do little to temper global oil prices partly driven by tighter supplies of refined fuel like gasoline. At an informal consultation on Thursday, mid-level officials from the National Security Council, the Department of Energy ...
- Global oil supply tightens in last two months (Category: Business)
- Saudi says high oil prices a worry, will take steps (Category: Business)
- Oil firmer on weak dollar, supply worries (Category: Business)
- China to raise fuel prices first time 10 months (Category: Business)
Access Engineering PLC, the leading value engineering solutions provider in Sri Lanka, was selected by China Harbour Engineering Company Ltd. to partake in one of the country’s most exhilarating infrastructure projects, the new International Airport at Mattala, Hambantota. Funded by the Government of the Peoples Republic of China, construction of the Hambantota International Airport is ...
- Mattala Airport progressing on schedule. (Category: Breaking News)
- Construction of Sri Lanka's second airport runway completed, government says (Category: Breaking News)
- Sri Lanka`s second international airport to be operational by the end of the year (Category: Breaking News)
- Access roads to Hambantota Airport under constructions (Category: Breaking News)
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)
Colombo was the automatic choice of Global Offshore Services Ltd. India, for their conversion/repair requirements to ready the Offshore Support Vessel (OSV) Shergar to meet with the stringent Petobras charter requirements. This project was awarded to Colombo Dockyard as a result of successful completion of OSV Kailash also owned by the same owners during June ...
- Dockyard completes Norwegian BOS Angler’s dry-dock repair (Category: Business)
- Colombo Dockyard strengthens services for offshore vessels (Category: Business)
- MV Brilliant dry docking repairs completed in Colombo (Category: Business)
- Quick job for UK owned container carrier’s Kota Halus repairs at Dockyard (Category: Business)
By Shanuka Tissera One of the country’s largest apparel exporters, Brandix, has successfully shown how eco-friendly solutions can be adopted by a large scale enterprise to not only reduce their carbon footprint, but prove a positive correlation between reducing carbon emissions and innovating planning resulting in heftier revenue streams. Brandix Lanka Head Environment and Energy ...
- Brandix factory in Bangladesh achieves eco milestone (Category: Business)
- Asia’s first carbon neutral IT company launches in Sri Lanka (Category: Business)
- Going Green (Category: Business)
Reuters: China’s top state newspaper warned the visiting US Secretary of State Hillary Clinton on Wednesday not to seek advantage from tensions in the South China Sea, ahead of talks likely to focus territorial disputes and other sources of discord. Beijing and Washington have both stressed hopes for steady ties, especially as they confront domestic ...
- Resource Conflict (Category: Business)
- Philippines’ Marcos says he remains firm in defending sovereignty (Category: Breaking News)
- Obama’s Asia “pivot” advances, but obstacles await (Category: Business)
- China top military paper warns of armed confrontation over seas (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)
Mv Mercury Leader, a RORO vessel operated by NYK Line, called at the Magam Ruhunupura Mahinda Rajapaksa Port of Hambantota on 14 August 2012 for the discharge of 572 units, amongst which were equipment for the Mattala International Airport and construction material for the Shangri La Hotel project in Colombo. The discharging of the two ...
- Boat fire hits Tassal (Category: Australia, Tasmania )
- Boat prices hit rocks (Category: Australia, Tasmania )
- Teens cross Derwent in a tub (Category: Australia, Tasmania )
- 295-foot Canadian barge capsizes near Astoria (Category: USA, Washington)
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)
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)
What is Enterprise Resource Planning? Enterprise Resource Planning (ERP) systems integrate internal and external management information across an entire organisation, embracing finance/accounting, manufacturing, sales, HR and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of in...
- User satisfaction ranks ABAS ERP as number one (Category: Business)
- ERP project ‘kick off’ for Browns (Category: Business)
- Bileeta, an affordable ERP system for all organisations (Category: Business)
- Triumph geared to scale new heights with ZILLIONe and Microsoft (Category: Business)
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