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Diesel and Motor Engineering PLC (DIMO) recently organized the Second Tata Nano Mileage Challenge Rally for Tata Nano owners in Colombo.
- Nano Cabs (Category: Business)
- Nano Effort (Category: Business)
- Nano starts overseas journey; Sri Lanka first destination (Category: Breaking News)
- Tata Motors May Sell Nano Car in Thailand, Sri Lanka (Category: Breaking News)
Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
- Richardson CFL bulbs take on a new shine (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Phoenix to manufacture world renowned 21st century technology ‘FlowGuard’ (Category: Business)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
Diesel and Motor Engineering PLC (DIMO) recently organised the second Tata Nano Mileage Challenge Rally for Tata Nano owners in Colombo. The rally was flagged off from Colombo, with the objective of raising customer awareness and reassuring the position of Tata Nano as the most fuel efficient passenger car in Sri Lanka. Twenty five Tata ...
- Will Nano succeed in Sri Lanka? (Category: Business)
- Nano Effort (Category: Business)
- Mercedes-Benz New Year Bonanza Winners Get Brand New TATA Nano Cars (Category: Business)
- Tata Nano Re-established As The Most Fuel Efficient Passenger Vehicle In Sri Lanka (Category: Business)
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
Reuters: Sri Lanka will cut spending from the 2012 budget to keep the fiscal deficit to a targeted 6.2%, the treasury secretary said on Monday, adding that growth may fall as low as 6.5%this year because of a drought and the global slowdown. By April this year, Sri Lanka’s budget deficit was 285.8 billion rupees ...
- State Brakes (Category: Business)
- Cabraal says change a reflection of success (Category: Business)
- UBS issues warning on Lankan economy (Category: Business)
- IMF and CB see eye to eye (Category: Business)
Asia Wealth Management is urging retail investors to ‘pull up their socks,’ suggesting a more confident approach to equities investment. Here are excerpts from Asia Wealth’s weekly review: The market has healed so fast within a very short period lowering the year-to-date loss to -2.7%, despite reaching highs of negative 20%. There are many explanations ...
- Bull run at Bourse but value investments still persist: Asia Wealth (Category: Business)
- Colombo stock market sets new records in remarkable rebound (Category: Business)
- Sri Lanka shares up on foreign buying; rupee flat (Category: Breaking News)
SriLankan Airlines established its presence in the most bustling district of the Southern Province, Hambantota, with the opening of a new sales office on Friday, 21 September. The branch office will facilitate travel formalities to a large clientele in the south-eastern coast area. The modern facility is equipped to handle reservations, ticketing, Prepaid Ticket Advices ...
- SriLankan Airlines opens an office in Hambantota (Category: Breaking News)
- Classic Travel opens branch at World Trade Centre (Category: Business)
- SriLankan Airlines opens passenger sales agency in Hambantota (Category: Breaking News)
- SriLankan Airlines now in Jaffna (Category: Breaking News)
The first-ever National Bamboo Processing initiative will be kicked off today, 19 September, at Galle Face Hotel, Colombo. The UNIDO focal point office in Colombo will be launching the event with Minister of Industry and Commerce Rishad Bathiudeen and Secretary, Ministry of Industry and Commerce Anura Siriwardena. The launching will also be attended by senior ...
- Bamboo processing industry initiated in Sri Lanka (Category: Breaking News)
- Lanka’s fledgling bamboo industry gets UNIDO backing, aims 10000 Ha coverage by 2018 (Category: Business)
- UNIDO enlists top global financier GEF in pioneering alt-power push (Category: Business)
The UNIDO focal point office in Colombo has successfully marshalled a US based top tier global fund for its pioneering bamboo initiative leading to large scale bio-mass alternative energy material growth in Sri Lanka. “We are highly encouraged by the strong co-financing support of the Global Environment Fund (GEF) headed by Jeffrey Leonard, whose firm ...
- UNIDO’s first Lankan bamboo industry initiative today (Category: Business)
- Lanka’s fledgling bamboo industry gets UNIDO backing, aims 10000 Ha coverage by 2018 (Category: Business)
- UNIDO launches $15.9m bamboo project (Category: Breaking News)
The SriLankan Airlines Group stamped its class as an institution that is in the forefront of environmental conservation, when it swept the ‘State Sector Buildings – Large Scale’ category at the Vidulka National Energy Efficiency Awards 2012. The National Carrier won the only Silver Award in the category, while its subsidiary SriLankan Catering Ltd. was ...
- SriLankan Catering wins sixth environmental award (Category: Business)
- SriLankan on a roll to reduce carbon footprint (Category: Business)
- SriLankan Catering wins Etihad Global Excellence Award for Best Regional Caterer (Category: Business)
- SriLankan Airlines turns 33 (Category: Business)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
Despite a reversal in the rate of exports decline and evidence of some improvement, Sri Lanka is actively moving to help its exporters to face the global downturn, with a challenging new $ 12 b export goal set for 2102. “Since you, the distinguished exporters, who account for nearly 80 per cent of Sri Lanka’s ...
- US $ 12 b export target (Category: Breaking News)
- Third Exporters’ Forum forges ahead (Category: Business)
- Hayleys’ fibre sector companies bag triple at NCE Export Awards (Category: Business)
- Sri Lanka asks exporters to push product quality (Category: Business)
NFC-enabled student ID card launched for the first time in Sri Lanka The National Mobile Service Provider, Mobitel launched a student identity card solution that works on NFC (Near Field Communication) technology, for the first time in Sri Lanka. The student identity card named iCard was launched at Royal College. The NFC card reader ...
- Initial medical advice on mobile (Category: Business)
- Mobitel launches ‘Liyasara’ (Category: Business)
- Sooriyawewa gets Mobitel’s first regional customer care contact centre (Category: Business)
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
On Friday (7) afternoon, the eve of provincial council elections in three provinces, a certain gathering took place at 101, Rosmead Place, which houses the corporate offices of Democratic National Alliance (DNA) National List Parliamentarian, Tiran Alles. Consultations that lasted for hours, took place between Alles and UNP Deputy Leader Sajith Premadasa and a few ...
- Towards impunity and democratic erosion (Category: Business)
- Monsoons and elections (Category: Business)
- Election fever grips as political parties begin campaigning (Category: Business)
- Outside conspiracies will not be allowed – Mahinda (Category: Business)
By Shanuka Tissera Amendments to the Petroleum Products (Special Provisions) Act have been finalised and approved by the Attorney General. It is expected that both bills will be presented to Parliament shortly for enactment. Pending the enactment of new legislations, the Cabinet of Ministers has appointed the Public Utilities Commission of Sri Lanka (PUCSL) as ...
- Lanka Lubricants losing market share at a slower pace: Arrenga Capital (Category: Business)
- In-depth workshop on lubricant industry today (Category: Business)
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
SINGAPORE (Reuters): High sulphur gasoil premiums fell on Monday as demand faltered in the region with the start of monsoon rains in Pakistan and a restart of Sri Lanka’s refinery after an unplanned shutdown, traders said. The cash premiums for the benchmark 0.5 percent sulphur gasoil fell by eight cents to 85 cents a barrel ...
- Ceypetco buys Feb cargo at a premium (Category: Business)
- Asia distillates: Margins slip on excess supply (Category: Business)
- Lanka IOC seeks over 70,000 T gasoil, gasoline for May (Category: Business)
- Sri Lanka, Philippines spot demand supports Asian gasoil market (Category: Business)
Access Engineering PLC, the leading value engineering solutions provider in Sri Lanka, was selected by China Harbour Engineering Company Ltd. to partake in one of the country’s most exhilarating infrastructure projects, the new International Airport at Mattala, Hambantota. Funded by the Government of the Peoples Republic of China, construction of the Hambantota International Airport is ...
- Mattala Airport progressing on schedule. (Category: Breaking News)
- Construction of Sri Lanka's second airport runway completed, government says (Category: Breaking News)
- Sri Lanka`s second international airport to be operational by the end of the year (Category: Breaking News)
- Access roads to Hambantota Airport under constructions (Category: Breaking News)
Professional Met Consu-ltancy Services (Pvt.) Ltd. has been awarded Sri Lanka National best Energy Services Company award for the second consecutive year 2012 at the Sri Lanka National Energy Efficiency award ceremony held on 19 August at Colombo Hilton Hotel. Professional Met Consultancy Services Chairman and Managing Director M.A. Justin receives the award from Environment ...
- Professional Met Consultancy Services wins SL National Best Energy Services Company Award 2012 (Category: Breaking News)
- ISB excels at National Energy Efficiency Awards 2012 (Category: Business)
- 99X Technology wins Gold at 20th NCE Export Awards (Category: Business)
- Etisalat sales personnel shine at NASCO 2012 (Category: Business)
By Shanuka Tissera One of the country’s largest apparel exporters, Brandix, has successfully shown how eco-friendly solutions can be adopted by a large scale enterprise to not only reduce their carbon footprint, but prove a positive correlation between reducing carbon emissions and innovating planning resulting in heftier revenue streams. Brandix Lanka Head Environment and Energy ...
- Brandix factory in Bangladesh achieves eco milestone (Category: Business)
- Asia’s first carbon neutral IT company launches in Sri Lanka (Category: Business)
- Going Green (Category: Business)
The launch of Piaggio BOSA, manufactured in India using ultra-modern Italian technology, was held at Waters Edge recently. Introduced to the market by Associated Motorways Ltd (AMW), the distinctive features of Piaggio Bosa and the warm reviews it received from Dealers, amply demonstrated its capability to revolutionise the automotive trade. The launch ceremony of Piaggio ...
- AMW appreciates Piaggio sales, service and spares dealers (Category: Business)
- AMW opens Piaggio three-wheeler showroom in Batticaloa (Category: Business)
- Piaggio expands to Gampaha (Category: Business)
- AMW opens Piaggio three-wheeler showroom at Dambulla (Category: Business)
The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO and CFO Forum. The panel featured Dialog PLC Group CEO and Managing Director Dr. Hans Wijayasuriya, John Keells Holdings Finance ...
- Aitken Spence Hotels observe Earth Hour 2012 (Category: Business)
- SAFA-CMA Management Accounting Summit 2012 (Category: Business)
- Leading corporates commit to embedding ‘Global Compact and Sustainability’ (Category: Business)
One of India’s largest business forces, the Mahindra group announced last week its plans to increase market share in Sri Lanka. The $ 15.4 billion Mahindra Group already has a presence in the automobiles and tractors industry, but is now planning to enter into two-wheeler, aerospace and vehicle finance. The title sponsors of the Sri ...
- Rural Competition (Category: Business)
- Indian Interest (Category: Business)
- Sri Lanka to get investments from India`s Mahindra vehicle group (Category: Breaking News)
- M&M plans to pip Tata Motors in Sri Lanka (Category: Breaking News)
Reuters: Sri Lanka has shut its sole 50,000 barrels-per-day oil refinery for a few days after damage to a floating pipeline at the Colombo port, an official said on Monday. The shutdown is unlikely to have a large impact on the Asian diesel market as Sri Lanka’s gasoil demand is lower than usual at the ...
- Temporay houses for Kolonnawa settlers (Category: Breaking News)
- Sapugaskanda oil refinery to commence operations again (Category: Breaking News)
- Oil Plan (Category: Business)
- ‘Sapugaskanda Oil Refinery’ to become a separate state enterprise (Category: Breaking News)
SINGAPORE (Reuters): Asian gasoil prices remained supported on Monday as spot demand emerged from Sri Lanka and the Philippines, traders said. Gasoil cracks slipped by 14 cents to $19.91 a barrel while September prices increased more than October gasoil prices in the derivatives market. Sri Lanka’s Ceylon Petroleum Corp. is seeking 300,000 barrels of gasoil ...
- Asia distillates-high sulphur gasoil premiums down on demand dip (Category: Business)
- Ceypetco buys Feb cargo at a premium (Category: Business)
- Asia Distillates-Sri Lanka, Philippines spot demand supports (Category: Breaking News)
- Lanka IOC seeks over 70,000 T gasoil, gasoline for May (Category: Business)
The Planters’ Association of Ceylon, the representative body of the island’s corporate plantation sector lauded the Regional Plantation Companies (RPC’s) which secured awards at the first ever National Plantation Awards held at Temple Trees recently. The ceremony saw a total of 86 outstanding performers including smallholders, manufacturers, exporters and RPCs receive awards from...
- Kelani Valley and Talawakelle win four National Plantation Awards (Category: Business)
- Pussellawa Plantation wins awards for rubber replanting and productivity (Category: Business)
- Plantation company among Sri Lanka’s top 10 (Category: Business)
- Elpitiya Plantations recognised for hydro power generation (Category: Business)
United Motors Lanka PLC (UML) recently introduced the Valvoline diesel synthetic 5W-40 to the Sri Lankan market. The diesel synthetic 5W-40 is formulated with high-quality synthetic base stocks and a boosted additive system. The diesel synthetic 5W-40 boasts hi-performance synthetic technology that meets the stringent demands of modern diesel engines, including those built on ...
- United Motors introduces free watch promotion for Valvoline Syn-Power Oil (Category: Business)
- Sri Lanka Govt version: What to do aiyo! (Category: Breaking News)
- Caltex unveils ‘Delo Sports Synthetic Blend SAE 10W-30’ (Category: Business)
- VIDEO: What is synthetic biology? (Category: Technology)
As a preferred Bank for the Small and Medium Enterprises sector, Union Bank of Colombo PLC (UBC), for the fourth consecutive year pledged its supported to the National Chamber of Exporters (NCE) by becoming the principal sponsor for the Export of Business and Professional Services category in the 20th NCE annual awards which recognizes the ...
- Union Bank Principal Sponsor for 19th Annual NCE Awards (Category: Business)
- NCE wins Global Commerce Excellence Award (Category: Business)
- Girls basketball: Norman County East defeats Park Christian (Category: USA, North Dakota)
- Girls basketball: Norman County East defeats Park Christian (Category: USA, North Dakota)
THE cost of living is a daily state of being, rather than a condensed number for the masses. However, the latest August data depicts dangerous signs for the Government as it heads towards elections. On Tuesday President Mahinda Rajapaksa was seen visiting the drought-hit regions ahead of his campaign trail in the three provinces that ...
- Inflation seen at 42-month high in July (Category: Business)
- Rupee fall drives inflation to 41-month high (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s inflation hits three-year low, cenbank seen unmoved (Category: Business)
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