@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
421 results found in 1390 ms
Page 10 of 15
The Government said it will allocate Rs. 1.9 billion per month to provide fuel subsidy to necessary services following the increase in fuel prices. The Ministry of Finance and Planning has announced that the fuel relief will be granted from Tuesday to the Sri Lanka Transport Board, the Railways, private buses, three wheelers, school transport ...
By Chamitha Kuruppu The two main opposition parties yesterday blamed the Government for making false promises to the people and called the fuel subsidy was just another gimmick of the Rajapaksa administration. The United National Party accused the Government, claiming the fuel subsidy for the private transport services and fisheries sector was nothing but a ...
Contrary to Government assurance of minimal impact from the unprecedented fuel hike of Sunday, a set of upward price revisions including on bus fares and electricity will become reality from today. Striking private bus operators yesterday won their demand with the Government agreeing to let fares up by 20% with minimum ticket priced at Rs. ...
Purple Park, Sri Lankan cricket legend Lasith Malinga’s car detailing centre, became an authorised centre for 3M’s car care range. The centre, located in Hanwella, Angoda, officially became an authorised 3M car care centre on 26 January. 3M is a leading supplier to the motor trade and is globally recognised for high quality innovative products ...
By Uditha Jayasinghe Sri Lankans may have to brace themselves for fuel price hikes as the country becomes increasingly hedged between high global prices and possible sanctions against Iran oil imports, a Minister said on Friday. “If global prices do not decline, then we have no choice but to increase fuel prices even though that ...
Airbus will build on last year’s highly successful commercial performance as the company pursues its industry leadership in 2012, with the coming 12 months to include further production ramp-up for the jetliner families to meet a growing order backlog, supported by additional growth in its employee count. Speaking to international journalists today at the New ...
“We have to give the rural people who comprises 80% of our population the results of giant development works we have initiated in the country. It is not only an expectation but also a challenge which we are ready to take up,” President Mahinda Rajapaksa said. Addressing the 64th Independence Day celebrations at Anuradhapura on ...
A recent Energy Governance Case Study published by the Lee Kuan Yew School of Public Policy National University of Singapore has highlighted the vast potential of renewable energy initiatives succeeding in Sri Lanka, going so far as to say that if proper mechanisms for its development is in place then Sri Lanka could be identified ...
The Planters Association (PA) of Ceylon yesterday welcomed the Government’s last week decision to lift the prohibition on Regional Plantation Companies (RPCs) from harvesting timber from forestry cultivations. “This move will ease pressure on fuel costs and RPCs finances,” the PA said. “The Government has decided to lift its previous restrictions on timber harvesting. RPCs ...
Are the Indian Army’s golf courses illegal? Sri Lanka’s fourth golf course opened by Air Force India’s national auditor, the Comptroller and Auditor General (CAG), has reported to Parliament that the country’s Army has turned large tracts of State military property into illegal privately-run ...
Veteran automobile engineer, Dr. Lawrence Perera will make his venture to be the first corporate to herald a new phase in public transportation with the launch of Micro bus service next month. The Company has already imported eight low-floor air-conditioned buses to be deployed on the popular routes identified as the six main corridors to ...
PC Pharma, the pharmaceutical subsidiary of PCH Holdings Limited, has launched RED (Revitalising Exertion Drink) an energy drink with natural core ingredients for health conscious consumers looking to invigorate their daily life, be it in work or studies. This product will be another milestone for PC Pharma after the launch of Celia, their increasingly popular ...
By Sydney Knight Galle Literary Festival Panel: Writing political realities into fiction and journalism. This program enabled me to listen to Romesh Gunesekera, Irfan Husain and Susan Minot. All three writers certainly had a message. However, what struck a chord in my system was the story from Uganda. The story of the Nun and the ...
Stafford Motor Co (Pvt) Ltd., the sole distributor for Honda products in Sri Lanka for well over 35 years, celebrated a yet another milestone by introducing the first-ever eco-friendly Honda Hybrid to the Sri Lankan motorist last week. Keeping in line with the Honda standards and their expectations in terms of the required infrastructure, training ...
Following the establishment of branches in Jaffna, Nelliady and Vavuniya earlier, Commercial Leasing and Finance has taken the initiative to open its recent branch in Kilinochchi. The move was with the objective of further strengthening the economic growth of the Northern Province. One of the fastest growing registered finance companies in the country, Commercial Leasing ...
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
The Comprehensive Economic Partnership Agreement (CEPA) seems to be set to hit the headlines again, after the Industry and Commerce Minister on a recent visit to India expressed strong interest in expanding business ties with Sri Lanka’s closest neighbour. Readers will remember that all past attempts to sign CEPA have resulted in many local businessmen ...
Contemporary British motoring élan is to be showcased to the literati of Sri Lanka in the ancient Dutch bastion of Galle later this month at the Galle Literary Festival (GLF). Two illustrious British writers will be among the eminent authors participating in the 2012 edition of the festival courtesy of Range Rover, a first-time Gold ...
A coalition of trade unions, affiliated to Sri Lanka’s essential services of electricity, water and fuel, threaten to launch an islandwide strike demanding a pay hike higher than what the Government has offered. Trade unions affiliated to the Ceylon Electricity Board (CEB), Ceylon Petroleum Corporation (CPC) and National Water Supply and Drainage Board (NWSDB) say ...
Trade unions affiliated to the electricity, fuel, water and ports sectors in Sri Lanka have rejected the Government’s decision to grant them an 18% salary increment along with a Rs. 2,500 monthly incentive payment and threatened to stage a walk out. The Ceylon Electricity Board (CEB), Ceylon Petroleum Corporation (CPC) and National Water Supply and ...
DETROIT (Reuters): As Ford Motor Co designers completed work on the new Fusion sedan, word came back from China: focus groups hated the headlights. “The comments we were getting from China was that our original design was too dark, too sinister. So we changed the whole construction,” said Chris Hamilton, who headed up the exterior ...
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling the lost decade” – ...
If the Governor of Central Bank has an urge to enter politics, he should come to Parliament without playing politics inside the CB, charges United National Party Parliamentarian and well-known Economist Dr. Harsha de Silva. Dr. de Silva notes that Governor Nivard Cabraal should respect the sanctity of the Central Bank and therefore if Cabraal ...
Union Bank unveiled its new state-of-the-art Head Office yesterday. Governor of the Central Bank Ajith Nivard Cabraal ceremonially declared opened the new premises located at No. 64 Galle Road, Colombo 3. The new head office marks another momentous occasion for Union Bank, bringing together a combination of state-of-the-art technology, competitive financial solutions and superior service ...
The Range Rover Evoque, Land Rover’s sensational new SUV – a car that won 34 international awards in the three months after its first production model came off the line in September 2011 – has arrived in Sri Lanka. The smallest, lightest, most fuel-efficient Range Rover ever produced, the Evoque has been described as ‘one ...
Today, as much as China is the centre of global manufacturing, India has become the international hub for global service industries. India’s IT and outsourcing exports amount to over US$ 50 billion. The economic resurgence of China and India has also made way for the emergence of Thailand, Indonesia, Pakistan and Vietnam as manufacturing bases. ...