@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
161 results found in 2297 ms
Page 1 of 6
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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% ...
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...
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 ...
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 ...
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 ...
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events of macro factors make ...
Reuters: State-owned Ceylon Petroleum Corporation (CPC) on Saturday took Vitol, the world’s largest oil trading firm, off its supplier list, believing diesel supplied by the firm had damaged vehicles. Vitol rejected the allegation and said the cargo in question was tested in accordance with international standards by CPC inspectors before it was discharged. Petroleum Minister ...
Weak rupee, price hikes, drought driving inflation-analysts CB expects easing in inflation on Govt. price cuts Reuters: Sri Lanka’s annual inflation rate may have accelerated to a 42-month high in July as a drought pushed up local food prices and a weaker rupee aggravated import bills. Annual inflation is expected to have accelerated to 9.4%in ...
Diesel & Motor Engineering PLC (DIMO) together with TATA Motors India recently introduced the latest range of TATA Small Commercial Vehicles (SCV) to Sri Lankan market. The SCV range comprises of the DIMO Batti (promoted in India as Tata Ace Zip), TATA Super ACE (earlier known as DIMO Lokka ) and DIMO 207 DI BULLET. ...
by Sarath De Alwis The crisis is not in our system of higher education. The crisis is in not knowing what higher education is. Arrogance of presumed superior knowledge of the policy makers and dogmatism of the teachers has precipitated a debate that reflects a pedantry of crisis proportions. We do not seem to have ...
1Q pre-tax profit up 42% to Rs. 2.4 b; bottom line higher by 34% to Rs. 1.6 b; revenue improves by 26% to Rs. 20 b Premier blue chip John Keells Holdings (JKH) has made a good start in the new financial year 2012/13 with turnover and profits up but its Chairman Susantha Ratnayake has ...
Blue Flame Technologies (Pvt) Limited was recently appointed the exclusive distributor of BROAD non-electric chillers for air conditioning systems in Sri Lanka and the Maldives. From left: Director Business Development Richard Bahar, Managing Director Z.M. Hairu, International Sales Manager – South East Asia for Broad AC Jimmy Chen, Director PR and Sales Derrick Karunaratne and ...
Sunil Bharti Mittal, India’s fifth largest dollar billionaire of Airtel fame, and Indian Commerce Minister Anand Sharma are among the renowned members of the top Indian delegation coming here next month. “The high-level Indian trade delegation arriving next week will consist of reps from the Government, business and the chambers. The arrival of this delegation ...