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UNP MP Karu Jayasuriya in a statement yesterday condemned the attack on Friday on a JVP meeting in Katuwana area in Hambantota district killing two persons and charged that the Government was thriving via goons. Following is the full text of Jayasuriya: A situation is emerging in the country where, permission is needed from goons ...
Sri Lanka is on a drive to reduce manufacturing costs by slashing industry power consumption. “I am pleased to announce that My Ministry has implemented a much needed industry grade energy efficiencies at factory level, using the Public Private Partnership (PPP) model. We are targeting to reduce industrial energy consumption by 10% initially,” said Minister ...
Lanka IOC has raised the price of diesel. It has for some time been asking that it be allowed to determine its own prices. But unfortunately it caters to too small a market share and cannot afford to get too far out of step without losing business. Now that world oil price is slipping, there ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
Ford Motor Company unveiled the highly anticipated all-new Ford Ranger at the Ceylon Motor Show 2012, where Sri Lankan consumers will be able to see and experience the redesigned vehicle for the first time. The class-leading compact pickup truck has been completely reinvented, offering superior performance, safety, technology and quality. Ford returns to the Ceylon ...
The United Nations environment agency today warned that the world “continues to speed down” an unsustainable path in spite of hundreds of internationally agreed goals to protect the planet, and stressed that drastic actions and big-scale measures are needed to reverse this pattern. “If current trends continue, if current patterns of production and consumption of ...
BANGALORE (Reuters): India’s inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the RBI at its review next week, a Reuters poll showed. The wholesale price index, India’s main inflation gauge, is expected to rise 7.60 percent in ...
The International Air Transport Association (IATA) on Tuesday announced in Beijing that South African Airways will host the 69th Annual General Meeting (AGM) and World Air Transport Summit (WATS). The event will draw the top leadership of the air transport industry to Cape Town’s International Convention Centre from 2 to 4 June 2013. “South Africa ...
BEIJING (Reuters): Fresh fears over the global economy could unravel the benefit of cheaper oil prices and keep a lid on financial forecasts for the airline industry when its chiefs gather in China for their annual summit. An eight percent drop in oil prices this year has delivered a quick fix to an industry severely ...
Etihad Airways last week welcomed Boeing’s 787 Dreamliner to Abu Dhabi International Airport. It is the revolutionary composite aircraft’s first visit to the UAE capital. The historic BOE787 flight landed was greeted by a traditional water canon salute on arrival. Etihad Airways’ Boeing 787 Project Pilot, Captain John Downey was at the controls throughout the ...
UNITED NATIONS (IPS): Irreversible environmental damage threatens to destabilise the world’s life-support systems unless urgent action is taken, according to the latest Global Environment Report (GEO-5) which looks to the Rio+20 summit as a crucial opportunity to halt this decline. The fifth edition of the United Nations Environment Programme’s (UNEP) flagship environmental report comp...
I refer to your ‘Letter to the Editor’ on 31 May 2012. It is surprising that an economist of Dr. P B Jayasundera’s calibre and experience would need to be told that protectionism is not the right tool for increasing local production and exports. However, when I saw the name of the author of the ...
Fuel prices are again the topic of public debate. Even Parliament had a discussion over it, with the Opposition calling for a reduction in prices but the Government hedging against passing on the savings from a global cost decrease to cover at least part of the Rs. 60 billion losses incurred over successive years by ...
Reuters: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA’s executive director said on Tuesday. Brent crude this week dropped to a 16-month low below $96 a barrel before recovering to around ...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
June has suddenly become the month for travelling overseas, with Emirates announcing a series of special fares valid for travel out of Colombo during the month. These special fares, which will be on sale for specific periods within June, offer discounts ranging from 7 per cent to 38 per cent, on travel to eight destinations ...
Whilst consolidating a commitment to establish a strong culture of planet friendly attitudes and practices as a responsible corporate entity and as individuals, SriLankan Airlines’ continues its efforts to achieve highest global standards in environmental management and conservation. On World Environment Day (WED), the airline introduces a series of new tactical measures to double the ...
Reuters: Kingfisher Airlines’ fourth-quarter net loss more than trebled as huge cuts in the number of flights compounded the woes of a cash-strapped carrier facing high fuel prices and intense competition for low fares. The high-profile airline, which is owned by flamboyant liquor baron Vijay Mallya, lost 11.5 billion rupees in the quarter to end-March, ...
Seven young prominent marketing communications professionals from Sri Lanka’s advertising and marketing industries were selected to represent the country at the annual Young Lions Competitions and the Roger Hatchuel Academy in Cannes, France next month after having successfully completed the Sri Lankan Cannes Young Lions Competition. The local competition to select the contenders was organis...
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 ...
BOSTON, (Reuters): Security experts have discovered a new data-stealing virus dubbed Flame they say has lurked inside thousands of computers across the Middle East for as long as five years as part of a sophisticated cyber warfare campaign. It is the most complex piece of malicious software discovered to date, said Kaspersky Lab security senior ...
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 A host of queries by the Auditor General’s Department ...
BRUSSELS (Reuters): Rising tensions with India and China over the European Union’s “arrogant” law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said last week. They also said they had prepared contingency plans for a possible exit of Greece from the euro, as part ...
Reuters: The World Bank cut its economic growth forecast for China this year to 8.2 per cent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity. In a biannual East Asia and Pacific economic update, the World Bank said a slowing China ...
APL’s largest and newest vessel is also its most environmentally-friendly and fuel-efficient. The Singapore-based carrier says the 10,700-TEU APL Southampton, which called on the Port of Singapore on her maiden voyage recently, has been fitted with a ballast water treatment system and an electronically-controlled main engine, signalling a new era of sustainable ships entering its ...
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 ...
INSEAD, the leading international business school, has partnered with leading TMT advisory and investment firm Delta Partners to release a joint white paper that defines core emerging markets, growth drivers as well as opportunities and challenges in the global telecommunications industry. At a time when Facebook is getting ready to IPO, its focus on emerging ...
Asian prices return to pre-Lehman crash high New production start-ups to add 10 cargoes/month Europe re-exports record number of cargoes London (Reuters) : Asian liquefied natural gas (LNG) spot prices for July delivery hit highs not seen since mid-2008 this week as import demand from a nuclear power-free Japan rose while recent high oil prices ...