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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 ...
- Temporay houses for Kolonnawa settlers (Category: Breaking News)
- Sapugaskanda oil refinery to commence operations again (Category: Breaking News)
- Oil Plan (Category: Business)
- ‘Sapugaskanda Oil Refinery’ to become a separate state enterprise (Category: Breaking News)
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 ...
- Asia distillates-high sulphur gasoil premiums down on demand dip (Category: Business)
- Ceypetco buys Feb cargo at a premium (Category: Business)
- Asia Distillates-Sri Lanka, Philippines spot demand supports (Category: Breaking News)
- Lanka IOC seeks over 70,000 T gasoil, gasoline for May (Category: Business)
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...
- Kelani Valley and Talawakelle win four National Plantation Awards (Category: Business)
- Pussellawa Plantation wins awards for rubber replanting and productivity (Category: Business)
- Plantation company among Sri Lanka’s top 10 (Category: Business)
- Elpitiya Plantations recognised for hydro power generation (Category: Business)
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 ...
- United Motors introduces free watch promotion for Valvoline Syn-Power Oil (Category: Business)
- Sri Lanka Govt version: What to do aiyo! (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
- VIDEO: What is synthetic biology? (Category: Technology)
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 ...
- Union Bank Principal Sponsor for 19th Annual NCE Awards (Category: Business)
- NCE wins Global Commerce Excellence Award (Category: Business)
- Girls basketball: Norman County East defeats Park Christian (Category: USA, North Dakota)
- Girls basketball: Norman County East defeats Park Christian (Category: USA, North Dakota)
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)
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 ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (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)
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 ...
- Big draw at blood donation campaigns to mark Lanka IOC’s 10th anniversary (Category: Business)
- Lanka IOC launches tree planting campaign to mark 10th anniversary (Category: Business)
- Lanka IOC PLC Launches Island Wide Tree Planting Campaign (Category: Business)
- Lanka IOC invests $11 m in China Bay tank farm during past decade (Category: Business)
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 ...
- SriLankan enters the new age of iPad electronic flying (Category: Breaking News)
- SriLankan introduces “Paperless Flight Decks” with iPads (Category: Breaking News)
- SriLankan Airlines turns 33 (Category: Business)
- SriLankan Flight Academy opens heralding a new era in aviation training (Category: Business)
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 ...
- Ceasefire on safari savagery (Category: Business)
- Safari savagery (Category: Business)
- One size fits all (Category: Business)
- Going wild! (Category: Business)
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 ...
- ‘Boom’ is back? (Category: Business)
- Milanka Index turns positive after 17 months (Category: Business)
- Stock market rebound gathers momentum (Category: Business)
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
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 ...
- Gulf Air extends its wings to Sri Lanka. (Category: Breaking News)
- Gulf Air extends its wings to Sri Lanka. (Category: Breaking News)
- Gulf Air to downsize, seeks State funds (Category: Business)
- Gulf Air resumes flights to Colombo (Category: Breaking News)
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...
- Dialog Axiata opens Enterprise Discovery Centre in Colombo (Category: Business)
- ‘Ease of mind’ for parents from Mobitel’s iCard (Category: Business)
- LAUGFS Supermarkets launch loyalty card (Category: Business)
- LAUGFS Eco Sri gets ISO 9001 (Category: Business)
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 ...
- Allegations do not affect SLPL integrity – Organisers (Category: Business)
- Bin Hammam’s life ban overturned by CAS (Category: Business)
- Yemen’s Aden Port to cancel DP World deal (Category: Business)
- Five IPL cricketers suspended on corruption allegations (Category: Business)
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 ...
- HSBC in strategic tie up with Anything.lk (Category: Business)
- HSBC credit cardholders to experience cash back surprises this season (Category: Business)
- Holiday Bonanza For HSBC Credit Card Holders (Category: Breaking News)
- HSBC gets set for Avurudu (Category: Business)
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 ...
- Locally refined petroleum fuel for Sri Lanka's major public enterprises (Category: Breaking News)
- CPC to end concessionary fuel rates for CEB next year (Category: Breaking News)
- Steps will be taken to detect oil leak (Category: Breaking News)
- CPC blames CEB for oil price hike (Category: Breaking News)
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 ...
- Cathay Pacific orders 12 new Boeing (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Etihad Airways counting down to Boeing 787 Dreamliner (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
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 ...
- Dr. R.H.S. Samaratunga appointed Sec to Petroleum Ministry (Category: Breaking News)
- Petroleum Resources Development Secretariat of Sri Lanka without a Director since May (Category: Breaking News)
- Dr. Jayalath warns that sub standard aviation fuel may be supplied to planes too in future (Category: Breaking News)
- Susil fires CPC Board; Collure new Chairman, Hans joins boards (Category: Business)
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 ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Branding Sri Lanka (Category: Business)
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 ...
- Global food prices near 3-year highs – World Bank (Category: Business)
- Resource depletion: Opportunity or looming catastrophe? (Category: Technology)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Japan says El Nino emerges, raising fears on food prices (Category: Business)
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 ...
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- India’s July inflation eases; rate hike still seen (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s March industrial output falls (Category: Business)
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 ...
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
- Nestlé Worldwide Executive Vice President in town (Category: Business)
- Nestle Lanka ends 2011 with strong results (Category: Business)
- Rs. 1.1 b Nestle rice noodle plant to serve convenient-foods hungry Sri Lanka (Category: Business)
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 ...
- Nissan Sentra redesigned as Altima look-alike (Category: Business)
- Toyota launches world’s most fuel-efficient hybrid (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Revenge of the internal combustion engine (Category: Business)
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 ...
- Top principals of Dimo Construction Machinery Division meet customers (Category: Business)
- Minister Wimal calls upon the youths to be self employed (Category: Breaking News)
- DIMO expands presence in Anuradhapura with newer spacious location (Category: Business)
- DIMO expands its presence, opens new branch in Trincomalee (Category: Business)
Reuters: Brent crude fell below $113 a barrel on Friday as a sharp slowdown in China’s trade flows heightened worries about demand for fuel, putting to one side hopes of stimulus measures aimed at lifting global growth that could boost oil use. China’s July exports rose just 1 per cent from a year earlier, undershooting ...
- Brent oil set to end yr up 14%, record high average (Category: Business)
- Brent slips to $102 on worries about euro zone economy (Category: Business)
- Oil creeps toward top of Asia’s economic worry list (Category: Business)
- Brent slips below $123 (Category: Business)
Reuters: India’s industrial output fell for the third time in four months in June, adding to pressure on new Finance Minister Palaniappan Chidambaram to move quickly and pull Asia’s third-largest economy from its worst slowdown in almost a decade. The manufacturing-led slump provided further ammunition to the slew of private economists who downgraded their growth ...
- India’s industrial output contracts for third time in four months (Category: Business)
- India’s March industrial output falls (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- World growth at risk as US employment stumbles (Category: Business)
Adds 10MW of renewable, sustainable energy to National Grid Nirmalapura Wind Power (Pvt) Ltd. commenced commercial operation yesterday and is expected to add 10 megawatts to the National Grid through its wind turbine generators. The venture is the latest step towards boosting the power requirements of the nation through renewable and sustainable ‘green’ energy. Green ...
- LOLC’s commitment to renewable energy recognised (Category: Business)
- 30 MW wind power joins national grid (Category: Business)
- Contract signed to build Hybrid Renewable Energy Systems on main islands off Jaffna (Category: Breaking News)
The Singer Group’s recently released results showed that it continued its growth momentum with 2012 first half revenue up 23% to Rs. 12.6 billion and net profit by 21% to Rs. 680 million over the corresponding period of last year. The Group’s results in the first half were impressive considering that they were achieved despite ...
- Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter (Category: Breaking News)
- Sri Lankan market impressive -Goodman (Category: Breaking News)
- Singer partners Artmatrix (Category: Business)
- Queensland banks on gas surge (Category: Australia, Queensland)
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