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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. ...
UNP MP Dr. Harsha De Silva yesterday called upon the Government to take urgent steps to reverse the decline in apparel exports. He said that the Central Bank had announced that apparel exports fell every month this year in spite of the depreciation of the currency in February. Monthly exports amounting to US$ 367 million ...
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 ...
Sri Lankaandrsquo;s entry into the hydrogen fuel era is to be kicked-off in October. And the adoption of a PPP model is being mulled. andldquo;The forthcoming Hydrogen and Renewable Energy conference in Colombo to be held in October is also the first step in formulating Sri Lankaandrsquo;s hydrogen road-map.
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 ...
Mulls PPP model for new initiative Sri Lanka’s entry into the hydrogen fuel era is to be kicked-off in October. And adoption of PPP model is being mulled. “The forthcoming Hydrogen and Renewable Energy conference in Colombo to be held in October is also the first step in formulating Sri Lanka’s hydrogen road-map. Our second ...
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 ...
By Amantha Perera IPS: For many Sri Lankans, the effects of climate change can be summed up in one word: rainfall. “The biggest impact (of climate change) is rainfall or the lack of it,” W.L. Sumathipala, one of Sri Lanka’s foremost experts in changing climate patterns, told IPS on a scorching hot and humid day ...
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 ...
Reuters: India’s lawmakers voted for a new president on Thursday, ending weeks of wrangling and opening a much-hyped political window billed as the best chance for Prime Minister Manmohan Singh to launch a wave of reforms and reverse an economic slowdown. India’s markets are anticipating quick action to relax investment rules and cut subsidies once ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search for a more enduring solution. As a result an increasing interest in Islamic finance ...
Four examples; two bad and two goodThe website of the London Economist newspaper has a reference to an official of a certain country referring to a journalist in words similar to what follows – I have substituted words which would be appropriate to an officer and a gentleman addressing a lady, for what was actually ...
Introducing energy management systems to establishments will be coordinated through Energy Managers appointed at establishment level in accordance with the provisions given in Sri Lanka Sustainable Energy Authority Act. Minister of Power and Energy Champika Ranawaka said yesterday that a gazette notification (No. 1715/12) was issued on 20th July 2011, and it prescribes the qualifications ...
A SWISS-based company has emerged to negotiate a disputed payment deal the UAE-based Fujairah Petroleum Company had signed with the Ceylon Petroleum Corporation (CPC) to supply up to 160,000 tons of low sulphur oil. The blatant lack of transparency of this deal has raised new questions over the governance of CPC and why repeated transgressions ...
Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...
Reuters : Sri Lanka will start operations at the 82,000 ton capacity fuel bunkering terminal of its new Hambantota port in October, 16 months later than the original schedule, the ports authority said on Friday. The state-run Sri Lanka Ports Authority had originally planned to open the facility for full operational bunkering in May 2011. ...
Opposition MPs warn post-war gains will be wasted unless Govt. puts house in order Insist on better policies, respect for law and order Call for common agenda for clear and consistent regulations By Uditha Jayasinghe Opposition politicians joined the private sector yesterday in calling for the Government to work on law and order and consistent ...
The Sri Lanka Chamber of the Pharmaceutical Industry reaffirmed their support to the Government and the Ministry of Health for the implementation of the new National Drug Policy at their recently held Annual General meeting (AGM), at Colombo’s Taj Samudra Hotel. SLCPI President Vish Govindasamy who was elected for a second term in office, speaking ...
Maintaining that the Government was on the right course, Treasury Secretary Dr. P.B. Jayasundera yesterday urged the private sector to adapt as well as tap unprecedented growth potential, harnessing supportive policies and other measures. Delivering the keynote at the first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit, Dr. Jayasundera in ...
Following is the full text of Secretary to Ministry of Finance and Planning and Ministry of Economic Development Dr. P.B. Jayasundera’s keynote address titled ‘Sri Lankan Economy in Perspective’ at first plenary session of the Ceylon Chamber of Commerce Sri Lanka Economic Summit yesterday under the theme ‘Positioning Sri Lanka in the Global Economy’ Chairman, ...
Ceylon Petroleum Corporation (CPC) has been active in Asia’s fuel oil market as cash differentials fell to a new one-month low on Tuesday, while the August/September intermonth swaps value remained below $3.00 as weak sentiment persisted. A Reuters report said Sri Lanka’s Ceylon Petroleum Corp (Ceypetco) emerged in the market again to seek 20,000 tons ...
Poor rainfall throughout Sri Lanka during the past few months has caused a drought unheard of during recent history. Particularly affected Districts are Kurunegala, Puttalam, Anuradhapura, Polonnaruwa, Batticaloa, Ampara, Nuwara Eliya and Badulla. Farmers complain that their crops are being ruined or are on the verge of being ruined. Some villages complain of the shortage ...
telegraph.co.uk: Sri-Lankas-former-army-chief-Sarath-Fonseka-calls-for-Arab-Spring-style-uprising.htmlGeneral Sarath Fonseka, the former Sri Lankan army chief jailed for running as an opposition candidate, has declared he will lead an Arab Spring-style uprising to force the government from office. Outlining his return to active politics after he was released from jail in May following pressure fro...
By Shanuka Tissera The LAUGFS group held an awareness presentation at their head office yesterday in a bid to encourage and educate individuals on the benefits of an auto gas conversion. The life of an engine will be prolonged, you will help protect the environment, but the answer your wallet is listening for is that ...
LPG can be the ideal choice and energy solution in marching forward for a strong economic growth as it is versatile, efficient and cost effective. LPG is also considered an environmentally friendly fuel due to its lower carbon emissions. Unlike some other fuels in Sri Lanka, LPG does not receive heavy government subsidies.
Govt. calls for strong energy conservation to prevent shortages, says hydro at 12%, CEB loses Rs. 200 m a day By Uditha Jayasinghe Despite the drought, the Government yesterday assured that there would be no power cuts but stressed on the need to increase power conservation to continue generation until the next monsoon season. ...
The VE Commercial Vehicles Limited of India, manufacturers of Eicher trucks and buses, recently awarded NEM Constructions Limited Chairman/Managing Director Raja Nanayakkara for purchasing the highest number of Eicher tipper trucks from Associated Motorways Ltd. (AMW), which imports and markets Eicher commercial vehicles in Sri Lanka. VE Commercial Vehicles CEO Vinod Agarwal presenting the award ....
The new Jeep Compass 4×4, which goes on sale in July 2012, heralds an exciting future for the iconic Jeep brand. Along with the introduction of the much talked about all new Grand Cherokee and the Wrangler Rubicon Unlimited, Jeep enthusiasts in Sri Lanka can now enjoy the comfort and the splendour of the all ...
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...