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Reuters: Honda Motor Co launched the lowest-cost motorbike in its line-up last week for sale in the India market, aiming to double India’s share of its motorcycle revenue by the end of the decade while racing to catch up with rivals in fast-growing emerging markets. Honda, the world’s largest motorcycle manufacturer and Japan’s third-biggest carmaker, ...
Bajaj - the No. 1 Motorcycle brand in Sri Lanka, continues its leadershipandnbsp;andnbsp; ride island-wideandnbsp; by providing timely, cost-effective solutions to all segments of the market. andnbsp;
Boating industry thanks Industry Minister for strong support Sri Lanka enters prestigious International Boating Industry Magazine rankings Sri Lanka’s commercial boat sub-sector reporting stronger international orders from Asia, Africa and ME Introducing a much-sought-after measure of relief to Sri Lanka’s boating industry, the country will now introduce tax on boat imports that are la...
Following the success of Boat Show Sri Lanka 2008 and 2010, South Asia’s largest international boat exhibition sets sail in its third edition on 18, 19 and 20 June at the BMICH. Setting the platform to develop the boating industry and promote the leisure, pleasure and sport boating sector with the assurance of promoting Sri ...
Reuters: Sri Lanka expects a U.S. waiver of sanctions on imports of Iranian crude after it took steps to cut them by up to 38 percent, switching to alternatives from Oman and Saudi Arabia, the island's oil minister said on Tuesday. Susil Premajayantha said Sri Lanka, which is dependent on crude imports, has taken steps ...
INSEAD, the leading international business school, has partnered with leading TMT advisory and investment firm Delta Partners to release a joint white paper that defines core emerging markets, growth drivers as well as opportunities and challenges in the global telecommunications industry. At a time when Facebook is getting ready to IPO, its focus on emerging ...
Posts PBT of Rs. 2.38 billion; Revenue up 33% to Rs. 19.8 billionStrong operational performances from hand protection combined with capital gains and better contributions from plantations have generated healthy revenue and profit growth for Dipped Products PLC (DPL) in the year ending 31 March 2012. The Hayleys Group’s globally-ranked rubber glove manufacturing business has ...
Nissan Sunny makes a dramatic comeback this month, with its most reliable 11th generation model in Nissan’s history. The new Nissan Sunny is exactly what buyers will be looking for in a family car. Luxurious, Affordable, fuel efficient, comfortable with leg space that must be seen to be believed. It also comes with features like ...
BARCELONA, (Reuters): Pastor Maldonado started Sunday’s Spanish Grand Prix with the expectation of a nation on his back and ended it as a winner, hoisted aloft on the shoulders of champions and covered in champagne. Then, with his Williams team garage in flames and the pit lane filled with thick black smoke, he carried his ...
SINGAPORE (Reuters): Asia’s bunker premium, the price difference between ex-wharf marine fuel and cargo prices, rose to a 11-week high last week, as players sought to keep cargo prices competitive. The June 380-centistoke (cst) swap closed over three dollars lower at $671.75 under the weight of 180,000 tons transacted during the trading window. Traders ...
SINGAPORE (Reuters): Neptune Orient Lines Ltd, the world’s seventh largest container shipper, reported a fifth consecutive quarterly loss, hit by low freight rates and soaring fuel costs, and warned of overcapacity in the container shipping sector. The firm said its financial performance would remain weak if shipping rates do not improve and fuel costs remain ...
Asian prices return to pre-Lehman crash high New production start-ups to add 10 cargoes/month Europe re-exports record number of cargoes London (Reuters) : Asian liquefied natural gas (LNG) spot prices for July delivery hit highs not seen since mid-2008 this week as import demand from a nuclear power-free Japan rose while recent high oil prices ...
Bought 10 newbuild product tankers, 2 Aframax crude tankers In market for more vessels for 2014/15 delivery Interested in new, fuel efficient ships Fredriksen says shipping crisis to last 2 to 3 more years LONDON (Reuters): Shipping magnate John “Big Wolf” Fredriksen has quietly bought a dozen new, fuel efficient tanker vessels in recent months ...
SINGAPORE (Reuters): Singapore Airlines Ltd (SIA), the world’s No.2 carrier by market value, will focus on flights to smaller Asian cities as a weak global economy batters demand on long-haul routes and competition from premium airlines intensifies. SIA, which posted its first quarterly loss in more than two years last week, has been hammered by ...
The Emirates Group andnbsp;announced its 24th consecutive year of profit and companywide growth amidst unprecedented economic pressure and record high fuel prices
No officials will be penalised for the purchase of 7,500 tons of contaminated jet fuel by State-owned Ceylon Petroleum Corporation (CPC), a Government spokesman said, but a decision on the company is yet to be taken. Cabinet Spokesman and Deputy Economic Minister Lakshman Yapa Abeywardana told media that the report on the contaminated jet ...
The Power and Energy Ministry of Sri Lanka says the electricity consumption during the Vesak period this year has seen a reduction. Power and Energy Minister Patali Champika Ranawaka told a gathering in Katubedda that the electricity consumption this Vesak period has reduced in comparison to last year. He has observed that the electricity consumption ...
DUBAI, UAE: The Emirates Group has today announced its 24th consecutive year of profit and companywide growth amidst unprecedented economic pressure and record high fuel prices. Released today in the Group’s 2011-12 Annual Report the company posted a AED 2.3 billion (US$ 629 million) net profit, with dnata marking its highest ever profit in 52 ...
The VE Commercial Vehicles Limited of India recently held their awards ceremony to evaluate and encourage their Eicher sales agents’ world wide, at the Jumeirah Beach Hotel-Dubai. At that ceremony, the Associated Motorways Limited (AMW) was selected as the sales agent with the Highest Eicher HD Tipper sales-Overseas for the year 2011. All authorised Eicher ...
Reuters: The European Space Agency is hatching plans for a branding campaign aimed at making people more aware of the benefits of spending their hard-earned taxes on the International Space Station (ISS). The list of products and technologies that have their roots in space research is long, from memory foam to the in-ear thermometer, but ...
World Heritage site Galle Fort will soon have environmentally-friendly hydrogen three-wheelers plying its preserved streets, as the United Nations Industrial Development Organisation (UNIDO) launches a pilot project to test green transportation in Sri Lanka. Three-wheelers are banned in the UNESCO World Heritage Galle Fort due to their emissions, but with the use of hydrogen-powered zero ...
NEW DELHI: The United Progressive Alliance’s chief crisis manager Pranab Mukherjee made a compassionate plea to all political parties and states to urgently bite the bullet on fuel subsidies and urged the Opposition to help with the passage of some crucial economic laws. He also tinkered with the indirect tax rates to cheer some sectors, ...
Sri Lanka will step into hydrogen fuel era shortly, in a bid to fuel growth in the Small and Medium Enterprise (SME) sector rather than in large-scale motor transport. andnbsp;
LAUGFS Car Care Limited, the vehicle servicing and detailing arm of LAUGFS Holdings Limited, opened its new Car Care Centre in Negombo under the patronage of LAUGFS Holdings Limited Managing Director U. Thilak De Silva. LAUGFS Holdings Managing Director U. Thilak De Silva declared open the new LAUGFS Car Care Centre at Negombo by washing ...
DP World Melbourne has received a significant boost to its capabilities with the first eight of 16 new energy-efficient straddle carriers starting operations. The new equipment with its greater capacity to handle containers will also help reduce DP World’s environmental footprint as well as improve efficiency and productivity at Australia’s largest container port. A ...
Lufthansa, the national carrier of Germany, has become the first airline in the world to take delivery of a Boeing 747-8 with the landing of the new “Jumbo” in Frankfurt last week. After the handover at Boeing’s manufacturing facility in Everett, Washington, 747-8 with the registration D-ABYA performed a touch and go at Hamburg Airport, ...
The International Air Transport Association (IATA) last week announced global traffic results for March showing that total passenger demand rose 7.6% and freight demand climbed 0.3% compared to the same month last year. Comparisons with March last year are affected by events that depressed passenger demand in 2011, including the Arab Spring, which disrupted travel ...
Reuters: The trade deficit widened 67.5 per cent in February year on year, data showed on Friday, but the Central Bank said stringent policy measures would cut the 2012 gap by at least 10 per cent. The trade deficit widened to $ 701.8 million in February from $ 418.9 million in the same month last ...
Textured Jersey Lanka Plc (TJL) said on Thursday that it was looking for a fabric mill and alternate energy sources as means to remain competitive amidst challenging market and operating conditions. The lookout for an operating fabric mill marks a change from its previous plans to pursue an organic expansion within the Avissawella BOI Zone. ...
DUBAI – UAE budget carrier Air Arabia said quarterly net profit rose 11.7 percent, beating analysts’ forecasts, as a hike in fuel costs was offset by a rise in number of passengers seeking low-cost flying options. Air Arabia earned a net profit of 47.7 million dirhams ($13 million) for the first-quarter, it said in a ...