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Exports volume to Middle East up but industry fears danger of price fluctuations towards year endBy Uditha Jayasinghe Brewing with mixed fortunes, tea exports have faced the Middle East unrest well, but future price fluctuations may pose challenges in the short term, say industry experts. Despite the challenges of the ongoing turmoil in the Middle ...
- Negative start for tea exports in 2012 (Category: Business)
- Lanka’s 2012 Jan-July tea exports Rs100 bn: In 2011, it was Rs92 bn (Category: Breaking News)
- Syria shock for tea (Category: Business)
- Akbar Brothers flies Lankan flag high as world’s biggest tea exporter (Category: Business)
Establishing a landmark in Sri Lanka’s aviation history, SriLankan Airlines’ makes its maiden flight to the historic city of Moscow, commencing a twice-weekly scheduled service between Colombo’s Bandaranaike International Airport (BIA) and Moscow’s Domodedovo Airport on 17 September 2011. Religious observances by dignitaries of the four religions in Sri Lanka will invoke bl...
- SriLankan Airlines launches flights to Moscow (Category: Business)
- Warm welcome for Russian group (Category: Business)
- SriLankan Airlines recommences services to Zurich (Category: Business)
- Sri Lanka's national carrier begins flights to Moscow (Category: Breaking News)
The just concluded 21st FACETS Sri Lanka 2011 international gem and jewellery exhibition saw strong sales to foreign buyers ‘easily exceeding US $ 10 Million’ but the overall totals could be far higher. More than 7300 visitors attended the show of which more than 1300 were foreign visitors. The topmost preference for foreign buyers was ...
- FACETS 2011 takes-off as gem exports continue its turnaround through 1H 2011 (Category: Business)
- Big demand for Facets 2012 (Category: Business)
- Diamond swallowed at Facets 2012 a fake; $13,000 gem still missing (Category: Business)
- Kohona pushes Lanka gems in Beijing (Category: Breaking News)
By Cheranka Mendis WSO2Con 2011, the much looked forward to, user conference for technology enthusiasts kicked off yesterday at the Water’s Edge, promising three days tech-savvy interaction to more than 250 participants from all over the world. With over 40 sessions planned out with speakers from 10 countries alongside local speakers and participants, the conference ...
- WSO2Con 2011 returns to Colombo (Category: Business)
- Sri Lanka and Germany agree on closer energy research cooperation (Category: Business)
- Twitter is much more than social: Co-founder Dorsey (Category: Business)
- G20 countries fail to lead in trade openness, ICC Index indicates (Category: Business)
The gem mining sub-sector grew by 7.9% in 2010. The gem and jewellery exports too reported 1.56% positive growth in 2010. Even in the first-half of 2011, increased earnings from mineral exports were led by higher exports of gems which increased by 35.5% in the first half of 2011, according to the Central Bank. The ...
- FACETS’ foreign sales top $ 10 M, world rediscovers Ceylon Blue Sapphire (Category: Business)
- Exports grow by 41% to $ 5.1 b in 1H, Govt. to sustain growth (Category: Business)
- Boost for gem and jewellery as top multinational arrives (Category: Business)
- Exporters’ Forum returns in full strength; exporters upbeat on prompt results (Category: Business)
This is a headline article of Khaleej Times – one of the most prominent and leading newspapers in the United Arab Emirates. According to the news item 350milion population in the Arab World is in need of 160,000 doctors. In the UAE out of the population 80% are expatriates mainly from South Asia. The ...
- Chaos in universities: A solution? (Category: Business)
- State provision for healthcare insufficient (Category: Business)
- Gota urges educated youth to take country forward (Category: Business)
SRI Lanka’s medical sphere is about to get sick again. The current standoff between the government and doctors over the Malabe Medical College has reached serious proportions. On Wednesday the strike action led to the doctors demanding that the gazette notification empowering the medical college to award degrees be withdrawn by the Health Ministry unless ...
- SLMC protest against governments decision (Category: Breaking News)
- GMOA objects to reduction of pass mark (Category: Breaking News)
- GMOA rallies doctors against SLMC takeover (Category: Breaking News)
- SLMC has accumulated fund base of 300 million (Category: Breaking News)
Despite crises in most world markets, the Government yesterday remained upbeat on prospects for Sri Lanka’s exports which have grown by 35% so far to reach $ 5 billion giving optimism that end 2011 figure would top $ 10 billion. “On the back of 21% growth in exports in 2010, current year’s exports have grown ...
- Sri Lanka’s future prosperity depends on a vibrant export sector’ – Minister Rishad (Category: Business)
- Seeing business sense (Category: Business)
- Sri Lanka asks exporters to push product quality (Category: Business)
- Buoyed by JEC and Expo ‘12, Bangladesh pushes for more trade with Sri Lanka (Category: Business)
Maersk Line has announced the launch of ECUMED, the weekly liner service connecting Ecuador directly with Spain, Turkey and the Black Sea. ECUMED will provide the fastest transit time in the market along with the best in class reefer facilities and schedule reliability. “Investment in the new ECUMED service has been motivated by customers demand ...
- Daily Maersk celebrates one year of reliability (Category: Business)
- Maersk Line to cut Asia-Europe capacity by 9% (Category: Business)
- Maersk still sees 2012 loss in container shipping (Category: Business)
- Maersk Line tops Drewry list (Category: Business)
WASHINGTON, D.C: Sri Lankan President Mahinda Rajapaksa’s decision last week to lift the country’s 28-year-old state of emergency will likely further endear him to a public that almost universally supports him. It may also potentially ease some of the international pressure the country is under over its human rights record. More than 9 in 10 ...
- 91 percent approval rating for President Rajapaksa – Gallup Poll (Category: Breaking News)
- President gave fearless leadership to Sri Lankans (Category: Breaking News)
- Displaced Sri Lankans return home (Category: Breaking News)
- Falsehood spreading clandestine website bared (Category: Breaking News)
Reuters: England piled more misery on India with a thrilling six-wicket victory in a one-off Twenty20 match at Old Trafford on Wednesday. After losing the test series 4-0, India started brightly in the shortest version of the game and racked up 165 all out, only to see England reach their target with three balls to ...
- Muammar Gaddafi dead of wounds following capture - Reuters (Category: Breaking News)
- “Zero hour” for Gaddafi as besieged Tripoli rises up (Category: Business)
- Gaddafi son rallies loyalists for Tripoli fightback (Category: Business)
- Gaddafi lessons for brand building (Category: Business)
Now Sri Lanka is enjoying the dividends of peace. The growth of the tourism sector can be witnessed. This is more important for economic growth since the country always depends on garments as well as traditional exports like tea. Especially for products like garments, we have to import the materials from overseas. So the net ...
- Look beyond the numbers (Category: Business)
- Expolanka acquires controlling stake in Akquasun Holidays for US$ 915,000 (Category: Business)
- Why does Sri Lanka need more tourists from China? (Category: Business)
- Tourism overview 2011 - How the key industry progressed last year (Category: Business)
It’s strange how the innovations of the world tend to wrap around our daily life. One of them is the brand Facebook. I have been trying to locate a friend of mine for the last 12 years and failed, until I used a modern IT application like FB and today I realise the power of ...
- London: World’s first social media Olympics (Category: Business)
- Has the bubble burst? (Category: Business)
- The brand IPL is about highlighting performance (Category: Business)
- Treasures of Sri Lanka, the ethical way (Category: Business)
Eshana De Silva, the Chairman of the Esna Group of Companies and Shermans Logistics has been officially appointed as the Honorary Consul to Kazakhstan. De Silva is also a Director of Pan Asia Bank, Mc Marine and functions as a board member of the Board of Investment (BOI) and the Sri Lanka Ports Authority (SLPA). ...
- G.L. to Russia and Kazakhstan (Category: Breaking News)
- Gujarat opens door for Lankan companies (Category: Breaking News)
- Current Form (Category: Business)
- Middle Order (Category: Business)
Move in partnership with Huichen Group inspired by Mahinda’s recent State visit to BeijingHVA Foods Ltd. has launched a unique ‘Infinity – President’ tea range in China in association with its partner there inspired by President Mahinda Rajapaksa’s recent State visit to Beijing. During the President’s recent visit to China, he made a special stop ...
- Future upside prompts Dilith to buy 10% stake in HVA Foods for Rs. 300 m (Category: Business)
- Storm in Sri Lanka’s teacup: A more pragmatic approach is key (Category: Business)
- Hub is no hoodoo, says TEA (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
By Marianne David Warm, welcoming and exuding good cheer, the Cinnamon Lakeside’s newest General Manager Denis Gruhier perfectly fits into the best qualities the hospitable hotel is well-known for and his affirmation of Sri Lanka’s optimistic post-war outlook for tourism in particular and the country in general is welcoming news indeed. Having joined the Lakeside ...
- New GM takes over at Cinnamon Lakeside Colombo (Category: Business)
- Cinnamon Lakeside perfects staying on top (Category: Business)
- Cinnamon Lakeside rated ‘Best Luxury Hotel in Sri Lanka’ (Category: Business)
- Cinnamon Lakeside to launch first-ever floating restaurant (Category: Business)
Sri Lanka’s exports to all key markets grew in the first half of 2011 helped by the improved global economic conditions. The highest exports growth was seen in exports to Singapore which reported a 74% growth in comparison to the first half of 2010, says the latest Report on Export Sector Performance for the first ...
- Exports grow by 41% to $ 5.1 b in 1H, Govt. to sustain growth (Category: Business)
- Lanka records $ 5106m exports in first half (Category: Breaking News)
- Paper, essential oils high growth exports in 1H (Category: Business)
- February exports jump shows January passing cloud now cleared: Rishad (Category: Business)
Sri Lanka fails to find funding; project cost now at $2 bln Talks with Russia, S.Korea to double refinery capacity COLOMBO (Reuters): Sri Lanka is eyeing at least $2 billion in foreign investment to double the capacity of its sole decades-old oil refinery, after the island nation was unable to find a local partner to ...
- IOC plans $ 3.6 billion refinery at Sapugaskanda (Category: Business)
- Persian Prop (Category: Business)
- Refining Revision (Category: Business)
- Sri Lanka Says No To IOC (Category: Breaking News)
Munich: The BMW Group continued on its successful course as the world’s leading premium car company once again in July with an increase of 7.6% in sales. A total of 129,094 (prev. yr. 119,992) BMW, MINI and Rolls-Royce brand automobiles were sold worldwide last month. Over the past seven months the number of deliveries climbed ...
- Mercedes-Benz, BMW vie for US luxury car crown (Category: Business)
- Samsung eyes 15 % rise in handset sales next yr (Category: Business)
- LG seeks ban on BMW, Audi sales in Korea (Category: Business)
- Sachin Tendulkar unveils all-new BMW 3 series (Category: Business)
Combined publicity programme The Government’s plan to formulate a combined publicity programme to build a unified brand for Sri Lanka tourism is well timed and one of the brilliant steps taken in the right direction. It is noted that the project is to be named Tourism Promotion Programme (TPP). Currently Sri Lanka is at the ...
- Minister Basil Rajapaksa introduces special plans for tourism promotion (Category: Breaking News)
- New programme to promote the Traditional New Year globally (Category: Breaking News)
- Lankan Embassy in Seoul woos Korean tourists (Category: Business)
- Boost in the Tourism sector will help offset other revenue losses (Category: Breaking News)
Colombo: Sri Lanka has signed a contract to purchase 14 Mi-171 helicopters from Rosoboronexport State Corporation, a state-owned arms enterprise under a Russian credit deal, Russia’s state news agency Itar-Tass reported. ITAR-TASS said it has learnt that from a press service of the enterprise, Rosoboronexport will supply 14 Mi-171 helicopters of different modifications to Sri ...
- SL buys 14 military helicopters (Category: Breaking News)
- War is over but buying helicopters is not over: 14 more to be purchased at once ! (Category: Breaking News)
- Sri Lanka to get 14 Mi-171 helicopters from Russia (Category: Breaking News)
- SL to purchase 14 Mi-17 helicopters (Category: Breaking News)
A high level delegation from Russian oil and natural gas giant Gazprom led by its Director General Gulev Valeriy this week met Minister of Economic Development Basil Rajapaksa at his office in order to discuss investment opportunities, especially in the oil exploration in the Mannar and Cauvery Basin, natural gas market as well as tourism ...
- Government in the dark on extent and volume of Mannar Basin gas deposits (Category: Business)
- Another Indian firm to explore oil in Mannar Basin (Category: Business)
- Russia’s oil giant Gazprom to send technical team to explore Mannar basin (Category: Business)
- Govt. not aware of extent of gas deposit (Category: Breaking News)
By an Independent Analyst The State Assembly of Tamil Nadu (TN) passed a resolution on 8 June 2011, requesting the Indian Central Government to push the international community against Sri Lanka towards imposition of ‘economic sanctions’. The resolution at the TN assembly moved by Jayalalitha as the Chief Minister passed unanimously with the ruling party ...
- TN moves resolution to implead itself in Katchatheevu case (Category: Breaking News)
- TN seeks economic sanctions (Category: Breaking News)
- Coast Guard stand on TN fisherman ‘outrageous’: Jayalalitha (Category: Breaking News)
- TN group violently opposes Lions Flag (Category: Breaking News)
Manila (Reuters): Bumper sugar harvests in Thailand, India and the Philippines are tilting the global balance into surplus, sparking fierce competition and piling pressure on prices as fears over a slowdown in the world economy knocked futures off highs. New York raw sugar futures SBc1 have slid more than 11 per cent since hitting a ...
- China seen chasing rubber; coffee premiums firm (Category: Business)
- Globle rubber industry hopes China demand will offset Europe woes (Category: Business)
- Sugar premiums seen up; Vietnam weighs on coffee (Category: Business)
- World drinks more tea, FAO predicts strong price (Category: Business)
A queue of a different type Last Sunday when the sun was shining hot and bright in the western sky, thousands of youth — almost all were boys — had assembled themselves with backpacks still hanging on their backs, along the wrought iron fence of a park in Colombo ready for an overnight stay there. ...
- Appreciating the exchange rate to create prosperity (Category: Business)
- Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age (Category: Breaking News)
- Appreciating exchange rates: Not a boon always (Category: Business)
- The GDP Per Capita in the Central Bank Annual Report for 2011 (Category: Business)
Sri Lanka looks to expand economic links with Russia
Sri Lanka to get team from Russia on oil and gas
Sri Lanka tea exporter to expand in Russia
Sri Lanka starts nuclear power study, talks with Russia
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