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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)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Achievements so far The authorities have achieved significant success in reducing the budget deficit from 9.8% of GDP in 2009 to 6.8% in 2011. The bold measures introduced in February/March 2012 to increase fuel and electricity prices, passing on higher global costs, have gone a long way towards reducing the off-balance sheet losses of 2% ...
- Does Wage Growth Retard Economic Growth? (Category: Breaking News)
- Pathfinder Foundation welcomes recent fiscal and monetary measures (Category: Business)
- Financial Roadmap for 2012 unveiled (Category: Breaking News)
What is Enterprise Resource Planning? Enterprise Resource Planning (ERP) systems integrate internal and external management information across an entire organisation, embracing finance/accounting, manufacturing, sales, HR and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of in...
- User satisfaction ranks ABAS ERP as number one (Category: Business)
- ERP project ‘kick off’ for Browns (Category: Business)
- Bileeta, an affordable ERP system for all organisations (Category: Business)
- Triumph geared to scale new heights with ZILLIONe and Microsoft (Category: Business)
Lanka IOC PLC is celebrating the 10th anniversary of its operations in Sri Lanka today (29) launching a series of social service projects under the theme ‘We Care’. To commemorate the tenth anniversary, two simultaneous blood donation camps will be held this morning both at its head office at the World Trade Centre in Colombo ...
- Big draw at blood donation campaigns to mark Lanka IOC’s 10th anniversary (Category: Business)
- Lanka IOC launches tree planting campaign to mark 10th anniversary (Category: Business)
- Lanka IOC PLC Launches Island Wide Tree Planting Campaign (Category: Business)
- Lanka IOC invests $11 m in China Bay tank farm during past decade (Category: Business)
SriLankan Airlines enters the new age of ‘iPad electronic flying’ by switching from using bulky mandatory paper manuals, to a sleek 662 gram iPad, as SriLankan becomes Asia’s first airline to use the iPad Electronic Flight Bag (EFB) starting 29 August 2012. Pilots no longer need to lug 84 kilograms of paper manuals from aircraft ...
- SriLankan enters the new age of iPad electronic flying (Category: Breaking News)
- SriLankan introduces “Paperless Flight Decks” with iPads (Category: Breaking News)
- SriLankan Airlines turns 33 (Category: Business)
- SriLankan Flight Academy opens heralding a new era in aviation training (Category: Business)
By Marianne David and Cheranka Mendis Sri Lanka Tourism yesterday told the Daily FT that the Department of Wildlife would set up a meeting with both the Tissamaharama Jeep Association and the officials of the three tented mobile safari operators in order to arrive at “an amicable settlement,” following the recent assaults on the operators ...
- Ceasefire on safari savagery (Category: Business)
- Safari savagery (Category: Business)
- One size fits all (Category: Business)
- Going wild! (Category: Business)
Perhaps in anticipation of better times ahead, retailers with improved sentiments returned to the CSE in large numbers yesterday, as the Bourse saw its value rise by Rs. 23 billion with over 10,000 trades done as opposed to July-month’s daily average of 4,000 plus. Most brokers and analysts said retailers made a strong comeback yesterday ...
- ‘Boom’ is back? (Category: Business)
- Milanka Index turns positive after 17 months (Category: Business)
- Stock market rebound gathers momentum (Category: Business)
- Politicos , Brokers ; Bourse’s Tailwind (Category: Breaking News)
Bringing latest technology to your nearest fuel station, LAUGFS Petroleum Limited, a subsidiary of LAUGFS Holdings Limited, together with Dialog Axiata PLC., recently introduced the country’s first ever Near Field Communication(NFC) fuel card enabling corporates to bring down their transport costs by replacing traditional fuel books used by the...
- Dialog Axiata opens Enterprise Discovery Centre in Colombo (Category: Business)
- ‘Ease of mind’ for parents from Mobitel’s iCard (Category: Business)
- LAUGFS Supermarkets launch loyalty card (Category: Business)
- LAUGFS Eco Sri gets ISO 9001 (Category: Business)
With the increasing growth and usage of credit cards in the market, HSBC has created more value for its cardholder base by rewarding them further for every purchase through its vastly popular loyalty Rewards program. HSBC cardholders have the opportunity to earn rewards points for all the transactions made by using their HSBC Credit Card ...
- HSBC in strategic tie up with Anything.lk (Category: Business)
- HSBC credit cardholders to experience cash back surprises this season (Category: Business)
- Holiday Bonanza For HSBC Credit Card Holders (Category: Breaking News)
- HSBC gets set for Avurudu (Category: Business)
Ceylon Petroleum Storage Terminals Limited, the distribution arm of the State-owned Ceylon Petroleum Corporation (CPC), has been instructed to provide locally refined fuel to State enterprises that purchase large stocks of fuel from CPC. CPC says this step has been initiated under the instructions of the Minister of Petroleum Industries Susil Premajayantha. The Minister has ...
- Locally refined petroleum fuel for Sri Lanka's major public enterprises (Category: Breaking News)
- CPC to end concessionary fuel rates for CEB next year (Category: Breaking News)
- Steps will be taken to detect oil leak (Category: Breaking News)
- CPC blames CEB for oil price hike (Category: Breaking News)
A veteran Sri Lankan scientist in the global petroleum industry Dr. Gamini Amarasekera, BSc. (first class), MRACI (Aus), and PhD (Aus) has joined LAUGFS Lubricants Limited as a consultant to improve its products and services under LAUGFS lubricant brand. Dr. Amarasekera started his career in the petroleum industry with the Ceylon Petroleum Corporation in 1979 ...
- Dr. R.H.S. Samaratunga appointed Sec to Petroleum Ministry (Category: Breaking News)
- Petroleum Resources Development Secretariat of Sri Lanka without a Director since May (Category: Breaking News)
- Dr. Jayalath warns that sub standard aviation fuel may be supplied to planes too in future (Category: Breaking News)
- Susil fires CPC Board; Collure new Chairman, Hans joins boards (Category: Business)
Brand Finance’s Annual Global Nation Brand Analysis Prologue Over the past three years, nation branding has received an enormous amount of coverage in Sri Lankan newspapers. Whilst some of these are based on the need to provide a marketing approach to building a nation, and its brand; many of the articles focus on developing a ...
- Brand Finance launches Nation Brands 100 (Category: Business)
- Brand ‘Sri Lanka’ valued $ 23 b; ranks 76th globally (Category: Business)
- Branding Sri Lanka (Category: Business)
The worst drought in the US in at least five decades has resulted in the loss of one-sixth of the expected corn crop. The UD Department of Agriculture (USDA) has estimated that corn farmers have been compelled to abandon fields greater in area than Belgium and Luxembourg combined, following the hottest July ever recorded in ...
- Global food prices near 3-year highs – World Bank (Category: Business)
- Resource depletion: Opportunity or looming catastrophe? (Category: Technology)
- No inflation respite for Asia despite fall in food, fuel prices (Category: Business)
- Japan says El Nino emerges, raising fears on food prices (Category: Business)
By Nisthar Cassim The world’s leading nutrition, health and wellness company, Nestlé said last week Sri Lanka is a high growth market with strong upside in tandem with improving socioeconomic development aided by the end-of-war benefit. “We are experiencing double digit growth in Sri Lanka and see very positive prospects going forward. Our commitment to ...
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
- Nestlé Worldwide Executive Vice President in town (Category: Business)
- Nestle Lanka ends 2011 with strong results (Category: Business)
- Rs. 1.1 b Nestle rice noodle plant to serve convenient-foods hungry Sri Lanka (Category: Business)
Diesel and Motor Engineering PLC (DIMO) recently introduced the first Komatsu PC130-8 excavator to the local market. The first excavator was delivered to Rodrigo Electricals – Wattala Director Randeer Rodrigo by DIMO General Manager – Construction and Mining Machinery Chaminda Ranawana at the DIMO construction machinery service complex at Siyambalape. Speaking at the handing over ...
- Top principals of Dimo Construction Machinery Division meet customers (Category: Business)
- Minister Wimal calls upon the youths to be self employed (Category: Breaking News)
- DIMO expands presence in Anuradhapura with newer spacious location (Category: Business)
- DIMO expands its presence, opens new branch in Trincomalee (Category: Business)
Adds 10MW of renewable, sustainable energy to National Grid Nirmalapura Wind Power (Pvt) Ltd. commenced commercial operation yesterday and is expected to add 10 megawatts to the National Grid through its wind turbine generators. The venture is the latest step towards boosting the power requirements of the nation through renewable and sustainable ‘green’ energy. Green ...
- LOLC’s commitment to renewable energy recognised (Category: Business)
- 30 MW wind power joins national grid (Category: Business)
- Contract signed to build Hybrid Renewable Energy Systems on main islands off Jaffna (Category: Breaking News)
The Singer Group’s recently released results showed that it continued its growth momentum with 2012 first half revenue up 23% to Rs. 12.6 billion and net profit by 21% to Rs. 680 million over the corresponding period of last year. The Group’s results in the first half were impressive considering that they were achieved despite ...
- Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter (Category: Breaking News)
- Sri Lankan market impressive -Goodman (Category: Breaking News)
- Singer partners Artmatrix (Category: Business)
- Queensland banks on gas surge (Category: Australia, Queensland)
The country has entered into an era that was not witnessed for past 25 years. Growth rates of the economy cannot even be compared during this period as the ground situation in micro terms have changed drastically that was never before during a quarter of a century. The volatility and events of macro factors make ...
- Economic growth to rebound in 2013: SCB (Category: Business)
- Economic Outlook: A tough year ahead but measures in right direction (Category: Business)
- OPIC funding to provide opportunities for growth (Category: Business)
- 2012 Budget in focus (Category: Business)
THE Auditor General is to be called in to investigate oil purchases made by the Ceylon Petroleum Corporation (CPC) from 1 August 2011 to 31 July 2012 in a move to sooth disgruntled nerves over the recent substandard fuel fiasco. While the step is a positive one, it is questionable whether this is enough to ...
- No petrol shipments for Ceylon Petroleum Corporation until July 22 – Sagala Ratnayake (Category: Breaking News)
- Missing the woods for the trees (Category: Business)
- New headquarters for Petroleum Corporation, more fuel stations in North (Category: Business)
- Vitol fumes over continuity in alleged discrimination by CPC (Category: Business)
With US$ 500 m capital infusion national carrier ready for stronger take off By Cheranka Mendis Sri Lanka’s national carrier SriLankan Airlines and budget carrier Mihin Lanka are growing despite challenges and are no longer loss-making entities, SriLankan Airlines Chairman Nishantha Wickremasinghe said. Hosting a group of journalists around the SriLankan base in Katunayake, Wickremasinghe .....
- SriLankan Airlines’ IAA completes first TAASL member agent training program (Category: Business)
- SriLankan goes daily to Beijing, Shanghai from mid-July (Category: Business)
- SriLankan lauded for role in tourism promotion (Category: Business)
- House of SriLankan Airlines chairman robbed (Category: Breaking News)
RAM Ratings has called for right policy measures to diversify the country’s energy sources as well as increase private sector participation in the sector. This and several other key recommendations along with salient developments are highlighted in RAM’s energy sector update titled ‘Sri Lanka Power Sector – Firing the Rain’. The report said, drawing parallels ...
- Sri Lanka targets slashing industrial power use by 10% (Category: Business)
- CEMS Global to hold eighth ‘Power Sri Lanka’ international exhibition (Category: Business)
- In the Chinese-built coal power plant of Norchcholai, there are more questions than answers. (Category: Breaking News)
- A nuclear power plant for Sri Lanka (Category: Breaking News)
Finlay Tea Estates Lanka (Pvt) Ltd., which manages Hapugastenne Plantations PLC, was awarded the prestigious National Plantation Award 2012 for Forestry Management, Environmental Friendliness and Self-Sufficiency in Energy’ of the Regional Plantation Company sector by President Mahinda Rajapaksa recently at a ceremony held at the Temple Trees. The Shawlands Estate Tea Factory in Lunugala was...
- Planters Association of Ceylon hails winners at National Plantation Awards (Category: Business)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
Reuters: State-owned Ceylon Petroleum Corporation (CPC) on Saturday took Vitol, the world’s largest oil trading firm, off its supplier list, believing diesel supplied by the firm had damaged vehicles. Vitol rejected the allegation and said the cargo in question was tested in accordance with international standards by CPC inspectors before it was discharged. Petroleum Minister ...
- Vitol Group refutes allegations on inferior diesel fiasco (Category: Business)
- Vitol fumes over continuity in alleged discrimination by CPC (Category: Business)
- Vitol denies charges of contaminated diesel (Category: Breaking News)
- CPC seeks 310,000 barrels gasoil, gasoline (Category: Business)
Trade unions of railway, port and transport sectors in Sri Lanka have slammed the authorities for the sale of substandard fuel in the country. General Secretary of the All Ceylon Railway Employees’ Common Services Union, Sumathipala Manawadu said that about 36 train engines have been affected and the oil filters of these trains have been ...
- Sri Lanka trade unions lash at authorities for selling substandard fuel (Category: Breaking News)
- UNP holds Petroleum Minister responsible for substandard diesel fiasco (Category: Business)
- Deadline for Substandard Fuel Compensations (Category: Breaking News)
- UNP raises doubts over Petroleum Minister’s failure to implement recommendations (Category: Business)
Can one imagine how long it took a ship to arrive from London to Colombo five centuries back? Now it takes only a couple days to courier a special package to any part of the world and a full file of any amount of documents could be sent to any part of the world in ...
- Hub is no hoodoo, says TEA (Category: Business)
- EDB turns 33 (Category: Business)
- Public diplomacy: A missing dimension in our foreign policy (Category: Business)
- Insights on Public Diplomacy (Category: Business)
Heavy challenges faced by currency depreciation and increase in fuel, energy and other costs Nestlé Lanka PLC, Sri Lanka’s leading nutrition, health and wellness company has recorded a good revenue growth of 13.5% (YoY) for the six months ending 30 June 2012, posting a revenue of Rs. 14.5 billion against the background of a difficult ...
- Sri Lanka-Iran bilateral relations enhanced (Category: Breaking News)
- Business Today TOP TWENTY (Category: Breaking News)
- Sri Lanka to issue long-term residence visa for foreign investors (Category: Breaking News)
- Lanka IOC limits pumping fuel for light vehicles (Category: Breaking News)
The 2012 Suzuki Swift Sport first appeared at the Australian Motor Show in concept form back in July 2011. Fast forward 12 months and the hatch fans can now buy the production version in Colombo. The road going version of the Swift Sport has changed little since the concept appeared. While it looks a little ...
- First ever Suzuki Swift Sport purchased in Sri Lanka leaves showroom (Category: Business)
- Suzuki Maruti sets new record on sales of 10 m units in India (Category: Business)
- Most improved Suzuki With 150 new features arrives in Sri Lanka (Category: Business)
- Suzuki Motor Corp. Representative Director and……… (Category: Business)
Indian Oil Corporation (IOC) will set up a refinery in Sri Lanka with an investment up to US$ 3.6 billion, a report in Business Standard said. IOC, which already has a venture in Sri Lanka through its subsidiary Lanka IOC, operates 10 refineries in India and the one in Sri Lanka will be its first ...
- IOC to set up a refinery in Sri Lanka (Category: Breaking News)
- Sri Lanka Says No To IOC (Category: Breaking News)
- Lanka IOC may help wean Sri Lanka off Iran crude (Category: Business)
- Chinese $1.5 bln loan to prop up ailing Lankan economy (Category: Breaking News)
Weak rupee, price hikes, drought driving inflation-analysts CB expects easing in inflation on Govt. price cuts Reuters: Sri Lanka’s annual inflation rate may have accelerated to a 42-month high in July as a drought pushed up local food prices and a weaker rupee aggravated import bills. Annual inflation is expected to have accelerated to 9.4%in ...
- Inflation slips on food prices (Category: Business)
- SriLanka inflation increase further more (Category: Breaking News)
- CB says policy rates appropriate (Category: Business)
- Inflation eases as food prices moderate (Category: Business)
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