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- www.ft.lk - Category : Business - Relavancy : 1.0

CPC has floated a fresh tender for 150,000 barrels of either 500 ppm or 0.25 percent sulphur gasoil and 160,000 barrels of jet fuel for Sept. 23 delivery. The tender closes on Sept. 11, with up to 72-hours validity.

- www.ft.lk - Category : Business - Relavancy : 1.0

SINGAPORE (Reuters): High sulphur gasoil premiums fell on Monday as demand faltered in the region with the start of monsoon rains in Pakistan and a restart of Sri Lanka’s refinery after an unplanned shutdown, traders said. The cash premiums for the benchmark 0.5 percent sulphur gasoil fell by eight cents to 85 cents a barrel ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

General outlook Global container freight volumes have continued to contract year over year. Container volumes shipped worldwide in June totalled 9,940,800 TEUs, a decline of 5.5% compared to May and 1.75% year over year. The world’s largest exporting region Asia, totalled 3,314,700 TEUs in June, which is less 5% from May and 1.5% year over ...

- www.ft.lk - Category : Business - Relavancy : 1.0

 Going back to basics is the way out With climate change being a key concern among the community, Ratnapura Tea Research Institute Senior Research Officer Dr. M.A. Wijeratne noted that general tea cultivation would be disrupted in the coming years due to global warming. Possible impacts Discussing the potential impacts as predicted by scientists, Dr. ...

- www.ft.lk - Category : Business - Relavancy : 1.0

YPSILANTI, Mich. (Reuters): Honda Motor Co needs the next generation of its bread-and-butter mid-sized car, the Accord, to be a hit in the United States. The Japanese automaker is counting on the 2013 Accord, being launched this month, to recapture share in the U.S. market’s largest and most competitive segment. Rivals are not standing still, ...

- www.ft.lk - Category : Business - Relavancy : 1.0

Professional Met Consu-ltancy Services (Pvt.) Ltd. has been awarded Sri Lanka National best Energy Services Company award for the second consecutive year 2012 at the Sri Lanka National Energy Efficiency award ceremony held on 19 August at Colombo Hilton Hotel. Professional Met Consultancy Services Chairman and Managing Director M.A. Justin receives the award from Environment ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

One of India’s largest business forces, the Mahindra group announced last week its plans to increase market share in Sri Lanka. The $ 15.4 billion Mahindra Group already has a presence in the automobiles and tractors industry, but is now planning to enter into two-wheeler, aerospace and vehicle finance. The title sponsors of the Sri ...

- www.ft.lk - Category : Business - Relavancy : 1.0

Reuters: Sri Lanka has shut its sole 50,000 barrels-per-day oil refinery for a few days after damage to a floating pipeline at the Colombo port, an official said on Monday. The shutdown is unlikely to have a large impact on the Asian diesel market as Sri Lanka’s gasoil demand is lower than usual at the ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

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- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

As a preferred Bank for the Small and Medium Enterprises sector, Union Bank of Colombo PLC (UBC), for the fourth consecutive year pledged its supported to the National Chamber of Exporters (NCE) by becoming the principal sponsor for the Export of Business and Professional Services category in the 20th NCE annual awards which recognizes the ...

- www.ft.lk - Category : Business - Relavancy : 1.0

Ceylon Petroleum Corporation (CPC) has made snubbing largest oil trader Vitol in its tenders a habit now sans plausible reasons. Quotation submitted by Vitol for this week’s tender for the import of gas oil among others despite being over Rs. 50 million cheaper hadn’t been read whilst bids by at least four others had been ...

- www.ft.lk - Category : Business - Relavancy : 1.0

The Petroleum Industries Ministry has assured that there would not be a fuel shortage in the country as speculated by some elements. He gave this assurance in response to reports that there would be a fuel shortage following the wastage of a large quantity of fuel over the substandard fuel issue. The Ministry said the ...

- www.ft.lk - Category : Business - Relavancy : 1.0

Stuttgart: The new Porsche 911 Carrera 4 unites the excellent performance and efficiency of the new generation of the 911 Carrera with the dynamic benefits of the latest version of the active all-wheel drive system PTM (Porsche Traction Management). The typical Porsche all-wheel drive with rear-focused layout in this latest 911 version guarantees maximum vehicle ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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 ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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% ...

- www.ft.lk - Category : Business - Relavancy : 1.0

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...

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