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A recent Energy Governance Case Study published by the Lee Kuan Yew School of Public Policy National University of Singapore has highlighted the vast potential of renewable energy initiatives succeeding in Sri Lanka, going so far as to say that if proper mechanisms for its development is in place then Sri Lanka could be identified ...
The Planters Association (PA) of Ceylon yesterday welcomed the Government’s last week decision to lift the prohibition on Regional Plantation Companies (RPCs) from harvesting timber from forestry cultivations. “This move will ease pressure on fuel costs and RPCs finances,” the PA said. “The Government has decided to lift its previous restrictions on timber harvesting. RPCs ...
Are the Indian Army’s golf courses illegal? Sri Lanka’s fourth golf course opened by Air Force India’s national auditor, the Comptroller and Auditor General (CAG), has reported to Parliament that the country’s Army has turned large tracts of State military property into illegal privately-run ...
Veteran automobile engineer, Dr. Lawrence Perera will make his venture to be the first corporate to herald a new phase in public transportation with the launch of Micro bus service next month. The Company has already imported eight low-floor air-conditioned buses to be deployed on the popular routes identified as the six main corridors to ...
PC Pharma, the pharmaceutical subsidiary of PCH Holdings Limited, has launched RED (Revitalising Exertion Drink) an energy drink with natural core ingredients for health conscious consumers looking to invigorate their daily life, be it in work or studies. This product will be another milestone for PC Pharma after the launch of Celia, their increasingly popular ...
By Sydney Knight Galle Literary Festival Panel: Writing political realities into fiction and journalism. This program enabled me to listen to Romesh Gunesekera, Irfan Husain and Susan Minot. All three writers certainly had a message. However, what struck a chord in my system was the story from Uganda. The story of the Nun and the ...
Stafford Motor Co (Pvt) Ltd., the sole distributor for Honda products in Sri Lanka for well over 35 years, celebrated a yet another milestone by introducing the first-ever eco-friendly Honda Hybrid to the Sri Lankan motorist last week. Keeping in line with the Honda standards and their expectations in terms of the required infrastructure, training ...
Following the establishment of branches in Jaffna, Nelliady and Vavuniya earlier, Commercial Leasing and Finance has taken the initiative to open its recent branch in Kilinochchi. The move was with the objective of further strengthening the economic growth of the Northern Province. One of the fastest growing registered finance companies in the country, Commercial Leasing ...
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
The Comprehensive Economic Partnership Agreement (CEPA) seems to be set to hit the headlines again, after the Industry and Commerce Minister on a recent visit to India expressed strong interest in expanding business ties with Sri Lanka’s closest neighbour. Readers will remember that all past attempts to sign CEPA have resulted in many local businessmen ...
Contemporary British motoring élan is to be showcased to the literati of Sri Lanka in the ancient Dutch bastion of Galle later this month at the Galle Literary Festival (GLF). Two illustrious British writers will be among the eminent authors participating in the 2012 edition of the festival courtesy of Range Rover, a first-time Gold ...
A coalition of trade unions, affiliated to Sri Lanka’s essential services of electricity, water and fuel, threaten to launch an islandwide strike demanding a pay hike higher than what the Government has offered. Trade unions affiliated to the Ceylon Electricity Board (CEB), Ceylon Petroleum Corporation (CPC) and National Water Supply and Drainage Board (NWSDB) say ...
Trade unions affiliated to the electricity, fuel, water and ports sectors in Sri Lanka have rejected the Government’s decision to grant them an 18% salary increment along with a Rs. 2,500 monthly incentive payment and threatened to stage a walk out. The Ceylon Electricity Board (CEB), Ceylon Petroleum Corporation (CPC) and National Water Supply and ...
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling the lost decade” – ...
If the Governor of Central Bank has an urge to enter politics, he should come to Parliament without playing politics inside the CB, charges United National Party Parliamentarian and well-known Economist Dr. Harsha de Silva. Dr. de Silva notes that Governor Nivard Cabraal should respect the sanctity of the Central Bank and therefore if Cabraal ...
Union Bank unveiled its new state-of-the-art Head Office yesterday. Governor of the Central Bank Ajith Nivard Cabraal ceremonially declared opened the new premises located at No. 64 Galle Road, Colombo 3. The new head office marks another momentous occasion for Union Bank, bringing together a combination of state-of-the-art technology, competitive financial solutions and superior service ...
The Range Rover Evoque, Land Rover’s sensational new SUV – a car that won 34 international awards in the three months after its first production model came off the line in September 2011 – has arrived in Sri Lanka. The smallest, lightest, most fuel-efficient Range Rover ever produced, the Evoque has been described as ‘one ...
Expects 2012 to continue 2011 success despite anticipating slow year By Cheranka Mendis Kia Motors is geared to embrace a phenomenal year in 2012, riding high on the extraordinary success of 2011. Launching the final model that was to be introduced to the local market in 2011, the all new fourth generation Kia Rio, Kia ...
Great ideas need landing gear as well as wings. So, before I would build a wall, I would ask to know what I am walling in or out. Ideas are everything and the rest is housekeeping. Let us remember that ideas are one thing but to convert it to value is another. This is one ...
As projected in the beginning of the year the rate of year-on-year inflation, as measured by the Colombo Consumers’ Price Index (CCPI) (2006/07=100), computed by the Department of Census and Statistics, decreased to 4.9%in December 2011 from 6.2%in January 2011 and the annual average rate of inflation recorded as 6.7%in December 2011 thus stabilising the ...
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
The Colombo stock market showed signs of struggle on the New Year’s first day of trading, managing to close up on a razor-thin margin with a turnover of just Rs. 419 million. In an apparent reflection of continuity of past year’s woes, the ASI gained by 0.01% or 0.4 points whilst MPI improved by over ...
With the continuing spiral in demand for Piaggio three-wheelers, Associated Motorways (Pvt) Limited (AMW) recently added a new showroom at Gampaha to its island-wide network of fully-fledged, modern showrooms. The latest Piaggio showroom is situated at No. 163, Jaela Road, Gampaha and was ceremonially opened by Piaggio and Eicher AMW General Manager Suneth Sudasinghe, Piaggio ...
Petroleum Minister of Sri Lanka Susil Premajayantha has directed Ceylon Petroleum Corporation (CPC) officials to convert 17 fuel storage facilities into fuel stations. The decision to upgrade the storage facilities into fuel stations had been made following requests made by 30 owners of storage facilities. The CPC has chosen 17 facilities out of them to ...
Making a yet another significant landmark in the container handling saga of Sri Lanka, the State-owned Jaye Container Terminal (JCT) received yesterday a 10,000 TEU class container carrier, APL Chongqing, operated by APL, the container shipping arm of the Singapore-based global transportation and logistics group, Neptune Orient Lines (NOL). Christened in early December this year, ...
New CEO Kapila Chandrasena upbeat on prospects for national carrier and Sri Lanka as a tourist destination post-warWhen the news of the impending change at the top in the national carrier broke, the Daily FT headlined the lead story on 6 May 2011 as ‘Turb-UL-ence,’ with a pun. But for the man in the hot ...
Anything.lk yesterday announced that the company has secured its second round of financing. In a validation of the flying progress that the company has made since launch in June of this year, the company has been able to secure its latest round of investment at a significant valuation. The new funding has been made ...
Having collated three awards at the prestigious National Business Excellence Awards 2011, Access Engineering created yet another record by being conferred the Gold award for the second consecutive year as the ‘Best Knowledge Integrator’. The NBEA, held annually, is organised by the National Chamber of Commerce of Sri Lanka (NCCSL) and hails businesses that have ...
Haycarb PLC, the world’s largest coconut shell based activated carbon producer, has become one of the first companies in Sri Lanka to successfully register and trade-in carbon credits under the Kyoto Protocol. The Hayleys Group company has announced that it has obtained approval to receive the first block of payment for over 4, 000 CER ...