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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
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
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 ...
July 26, Colombo: The Petroleum Ministry of Sri Lanka would not increase the fuel prices despite a hike in Iranian crude oil.
Sri Lankans are fleeing the land of their birth by the hundreds each week even to countries that do not hold out much prospects for them. The bulk comprises the poorest of the poor. Refugees who on selling their meagre possessions – their plots of land, homes and jewellery – take enormous risks with their ...
But Market’s Illiquid Status Of Such, Drawback In a depressed market, such as that which is facing the Colombo bourse today, the time however is ripe for investors to buy good stocks at bargain prices an economist said. Amal Sanderatne, Director, Frontier Research (Pvt.) Ltd., addressing a seminar on the economy with a focus on ...
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 ...
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 ...
Sri Lanka will start operations at the 82,000 tonne capacity fuel bunkering terminal of its new Hambantota port in October, 16 months later than the original schedule, the ports authority said.
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
Sri Lanka will start operations at the 82,000 tonne capacity fuel bunkering terminal of its new southern Hambantota port in October, 16 months later t...
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
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 ...
LONDON (Reuters): A voluntary tax on tourists who visit the luxury resorts and white sands of the Maldives could raise up to $100 million a year towards the country’s aim to become carbon neutral by 2020, President Mohamed Waheed said. The Maldives is made up of 1,192 low-lying islands in the Indian Ocean. With average ...
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