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Sri Lankan Ministry of Petroleum Resources emphasized that the Sri Lankan Government has not revised the price of fuel each time a revision had been done to the price of fuel in the World Market.
May 30, Colombo: The Petroleum Industries Ministry of Sri Lanka is looking at introducing a new fuel saving programme in the country.
The Perceived Economic Opportunity Index (PEOI) that had been on a downward trend since the beginning of 2012 having lost the momentum generated by the November 2011 Budget, moderated in April with the PEOI registering an increase since March, albeit being very marginal. The current level of optimism however is relatively low and is only ...
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
The price of fuel in Sri Lanka cannot be reduced just because the price of crude oil in the global market has gone down by a certain percentage, the Ministry of Petroleum Industries said today responding accusations made by UNP spokesman.
Sri Lanka Tourism Promotion Bureau MD post is a permanent position and comes under scheme of recruitment approved by Treasury Rumy Jauffer hired on one-year contract sans an application or a CV Not marking attendance, unlimited use of fuel among flags-off in Auditor General’s Department query
Seeing the growing acceptance of Tata’s Nano by car cab companies in Sri Lanka, Nano’s agents here are motivating three-wheeler owners to exchange their ‘tuk tuks’ for the swankier, air conditioned and more capacious Nano. But three-wheeler owners, who are mostly working class Gulf-returnees or lower middle class skilled workers or petty traders, do not ...
Adding to its rapidly developing branch network, Union Bank of Colombo PLC (UBC) opened its newest branch on 23 May, in Chilaw offering a host of financial services delivered through superior customer care to Small and Medium enterprises and retail customers. The new branch counts as the 33rd branch of UBC branch network. Located at ...
Bieco Link, one of the largest activated carbon manufacturers in Sri Lanka has gained a new lease of life with fresh business direction and the latest engineering enhancements under the new management of PCH Holdings. Following the successful acquisition of Orient Garments, Bieco Link is the latest milestone in PCH Holdings’ plans for business diversification ...
with the addition of fuel surcharge for March was sure ...
Sri Lanka is an island, 65,610 km2 in area, situated close to the southeast extremity of the Indian peninsula. Despite its relatively small size, Sri Lanka possesses a high level of biodiversity. Biological diversity or ‘biodiversity’ is a term used to describe the variety of life on earth. It refers to the wide variety of ecosystems ...
Nestlé Lanka Plc, has recorded a strong revenue growth of 14% (YoY) for the three months ending 31 March 2012, posting a revenue of Rs. 7.3 billion and a net profit of Rs. 462 million amidst a difficult market environment. The Company stated that net profit for Q1 were down 25% (YoY) due to the ...
Bajaj – the number one motorcycle brand in Sri Lanka, continues its leadership ride countrywide by providing timely, cost-effective solutions to all segments of the market, said its sole agents David Pieris Motor Company. Marketed by sole agents David Pieris Motor Company Ltd, the Bajaj 100 cc Motorcycle range has recently been showcased as the ...
Bajaj - the No. 1 Motorcycle brand in Sri Lanka, continues its leadershipandnbsp;andnbsp; ride island-wideandnbsp; by providing timely, cost-effective solutions to all segments of the market. andnbsp;
The exchange rate (ER) further weakened to the Rs. 129.80 level on the back of import demand to end last week at Rs. 129/70/90 in two way quotes, a market source told this newspaper. However call money rates and market repurchase transactions held at the previous day Thursday’s levels and so also did Treasury Bills ...
Boating industry thanks Industry Minister for strong support Sri Lanka enters prestigious International Boating Industry Magazine rankings Sri Lanka’s commercial boat sub-sector reporting stronger international orders from Asia, Africa and ME Introducing a much-sought-after measure of relief to Sri Lanka’s boating industry, the country will now introduce tax on boat imports that are la...
Following the success of Boat Show Sri Lanka 2008 and 2010, South Asia’s largest international boat exhibition sets sail in its third edition on 18, 19 and 20 June at the BMICH. Setting the platform to develop the boating industry and promote the leisure, pleasure and sport boating sector with the assurance of promoting Sri ...
Reuters: Sri Lanka expects a U.S. waiver of sanctions on imports of Iranian crude after it took steps to cut them by up to 38 percent, switching to alternatives from Oman and Saudi Arabia, the island's oil minister said on Tuesday. Susil Premajayantha said Sri Lanka, which is dependent on crude imports, has taken steps ...
Posts PBT of Rs. 2.38 billion; Revenue up 33% to Rs. 19.8 billionStrong operational performances from hand protection combined with capital gains and better contributions from plantations have generated healthy revenue and profit growth for Dipped Products PLC (DPL) in the year ending 31 March 2012. The Hayleys Group’s globally-ranked rubber glove manufacturing business has ...
Nissan Sunny makes a dramatic comeback this month, with its most reliable 11th generation model in Nissan’s history. The new Nissan Sunny is exactly what buyers will be looking for in a family car. Luxurious, Affordable, fuel efficient, comfortable with leg space that must be seen
The Power and Energy Ministry of Sri Lanka says the electricity consumption during the Vesak period this year has seen a reduction. Power and Energy Minister Patali Champika Ranawaka told a gathering in Katubedda that the electricity consumption this Vesak period has reduced in comparison to last year. He has observed that the electricity consumption ...
Eight suspects drawing fuel from bowsers transporting fuel from the Lanka IOC tank farm complex in Trincomalee has been arrested.
The VE Commercial Vehicles Limited of India recently held their awards ceremony to evaluate and encourage their Eicher sales agents’ world wide, at the Jumeirah Beach Hotel-Dubai. At that ceremony, the Associated Motorways Limited (AMW) was selected as the sales agent with the Highest Eicher HD Tipper sales-Overseas for the year 2011. All authorised Eicher ...
World Heritage site Galle Fort will soon have environmentally-friendly hydrogen three-wheelers plying its preserved streets, as the United Nations Industrial Development Organisation (UNIDO) launches a pilot project to test green transportation in Sri Lanka. Three-wheelers are banned in the UNESCO World Heritage Galle Fort due to their emissions, but with the use of hydrogen-powered zero ...
Police Special Task Force (STF) has arrested 8 suspects siphoning fuel from bowsers transporting fuel from the Lanka IOC tank farm complex in Trincomalee.
Sri Lanka will step into hydrogen fuel era shortly, in a bid to fuel growth in the Small and Medium Enterprise (SME) sector rather than in large-scale motor transport. andnbsp;
The Galle Fort a heritage site is to have environmentally friendly hydrogen three-wheelers plying its preserved streets as a UN agency launches a pilot project to test green transportation in Sri Lanka, Xinhua news reported. Three-wheelers due to their emissions h banned in the United Nations Educational, Scientific and Cultural Organization World Heritage Galle Fort, built in 1588...
The hydrogen implementation will be combined with existing renewable energy used in the country. -The Island/ANN
Colombo, May 8 (Xinhua-ANI): Sri Lanka said Tuesday that part of jet fuel imported from a British company in Singapore had been contaminated and was rejected.
Sri Lanka`s petroleum distributor, the Ceylon Petroleum Corporation (CPC) has discovered that a stoc..