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

Lanka IOC PLC is celebrating the 10th anniversary of its operations in Sri Lanka today (29) launching a series of social service projects under the theme ‘We Care’. To commemorate the tenth anniversary, two simultaneous blood donation camps will be held this morning both at its head office at the World Trade Centre in Colombo ...

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

SriLankan Airlines enters the new age of ‘iPad electronic flying’ by switching from using bulky mandatory paper manuals, to a sleek 662 gram iPad, as SriLankan becomes Asia’s first airline to use the iPad Electronic Flight Bag (EFB) starting 29 August 2012. Pilots no longer need to lug 84 kilograms of paper manuals from aircraft ...

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

By Marianne David and Cheranka Mendis Sri Lanka Tourism yesterday told the Daily FT that the Department of Wildlife would set up a meeting with both the Tissamaharama Jeep Association and the officials of the three tented mobile safari operators in order to arrive at “an amicable settlement,” following the recent assaults on the operators ...

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

Perhaps in anticipation of better times ahead, retailers with improved sentiments returned to the CSE in large numbers yesterday, as the Bourse saw its value rise by Rs. 23 billion with over 10,000 trades done as opposed to July-month’s daily average of 4,000 plus. Most brokers and analysts said retailers made a strong comeback yesterday ...

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

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 ...

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

REUTERS: US astronaut Neil Armstrong, who took a giant leap for mankind when he became the first person to walk on the moon, has died at the age of 82, his family said on Saturday. Armstrong died following complications from heart-bypass surgery he underwent earlier this month, the family said in a statement, just two ...

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

Bringing latest technology to your nearest fuel station, LAUGFS Petroleum Limited, a subsidiary of LAUGFS Holdings Limited, together with Dialog Axiata PLC.,  recently introduced  the country’s first ever Near Field Communication(NFC) fuel card enabling  corporates  to bring down their transport costs  by replacing  traditional fuel  books  used by the...

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

Reuters: A European crackdown on pollution from ships will require billions of dollars worth of investment by shipping firms on filter technology and by refineries on upgrades to produce cleaner fuels – burdens they can ill afford. The shipping industry is already struggling due to poor global demand and overcapacity, which have pushed freight rates ...

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

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 ...

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

Construction activities of the Oluvil Harbour which cost Rs 7,000 million are nearing completion, according to Government Information Department. The Oluvil Harbour construction project commenced on June 20, 2008 in line with the Government’s initiatives to set up a modern port system in the country. Under this project, many ports are being constructed throughout the ...

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

McShaw Automotive Ltd., a joint venture between two leading corporates Mclarens Holdings Ltd and Shaw Wallace Ceylon Ltd opened its first dedicated showroom yesterday under the distinguished patronage of Delphi Product and Service Solutions (DPSS) Asia Pacific Managing Director and Delphi China Vice President Dominic Seto. Also present at the opening were representatives of Delphi: ...

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

Reuters: Asian shares rose to a two-week high on Thursday after Federal Reserve minutes raised hopes for fresh monetary stimulus, but a survey suggesting that China’s manufacturing sector is contracting capped the gains. Ahead of the euro zone’s flash PMI and a German-French meeting over Greece, financial spreadbetters called London’s FTSE 100 .FTSE, Paris’s CAC-40 ...

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

SINGAPORE (Reuters): Ceylon Petroleum Corp (Ceypetco) has awarded a tender to buy 40,000 tons of fuel oil to a little-known company called Bumi Siak Pusako, industry sources said. Ceypetco bought 15,000 tons of Low Sulphur Fuel Oil (LSFO) at a premium of $ 84.95 a ton, above Singapore spot quote, for 29-20 August delivery to ...

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

BEIJING, (Reuters Point Carbon): China will plough $372 billion into energy conservation projects and anti-pollution measures over the next three-and-a-half years, part of a drive to cut energy consumption by 300 million tonnes of standard coal, the country’s cabinet said Tuesday. A report from China’s State Council, or cabinet, said the investments will take China ...

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

Reuters: Iran unveiled upgrades to six weapons on Tuesday, including a more accurate short-range missile and a more powerful naval engine, Iranian media reported, in what seemed to be its latest response to international pressure over its nuclear programme. The hardware was presented at a ceremony marking Defence Industry Day and attended by President Mahmoud ...

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

With the increasing growth and usage of credit cards in the market, HSBC has created more value for its cardholder base by rewarding them further for every purchase through its vastly popular loyalty Rewards program. HSBC cardholders have the opportunity to earn rewards points for all the transactions made by using their HSBC Credit Card ...

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

Ceylon Petroleum Storage Terminals Limited, the distribution arm of the State-owned Ceylon Petroleum Corporation (CPC), has been instructed to provide locally refined fuel to State enterprises that purchase large stocks of fuel from CPC. CPC says this step has been initiated under the instructions of the Minister of Petroleum Industries Susil Premajayantha. The Minister has ...

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

K Line, the pioneer in maritime transportation of cars, has further strengthened its confidence in the Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) in Hambantota with the maiden call of their RO/RO carrier MV Agean Highway on 13 August 2012. This vessel previously deployed on Australian – Europe – USA sector has now been engaged on ...

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

Ethiopian Airlines received Africa’s first Boeing 787 Dreamliner yesterday, making Ethiopia the only country aside from Japan to operate the innovative aircraft.  “As a continent this shows how much we are making progress as Africans… competing on the global stage and changing our image,” Ethiopian Airlines chief executive Tewolde Gebremariam said at Addis Ababa’...

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

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 ...

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

A veteran Sri Lankan scientist in the global petroleum industry Dr. Gamini Amarasekera, BSc. (first class), MRACI (Aus), and PhD (Aus) has joined LAUGFS Lubricants Limited as a consultant to improve its products and services under LAUGFS lubricant brand. Dr. Amarasekera started his career in the petroleum industry with the Ceylon Petroleum Corporation in 1979 ...

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

Reuters: Bill Gates is betting the toilet of the future for the developing world will be solar powered. The world’s leading private philanthropist handed a $ 100,000 prize to the California Institute of Technology on Tuesday for its work on a self-contained, sun-powered system that recycles water and breaks down human waste into storable energy. ...

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

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 ...

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

The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in ...

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

PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...

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

The Colombo Bourse yesterday produced a mini-rally with its value rising by Rs. 23 billion led by resurgence in blue chips and foreigners continuing to be net buyers. The benchmark ASI gained by 1.27% and the blue chip MPI sharply by 3% whilst the S&P SL20 was up 1.45%. Despite speculated withdrawal of foreign investors ...

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

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% in July from 7.25% in June as domestic ...

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

By Nisthar Cassim The world’s leading nutrition, health and wellness company, Nestlé said last week Sri Lanka is a high growth market with strong upside in tandem with improving socioeconomic development aided by the end-of-war benefit. “We are experiencing double digit growth in Sri Lanka and see very positive prospects going forward. Our commitment to ...

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

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 mpg ...

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

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 ...

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