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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)
Gulf Air, the national carrier of the Kingdom of Bahrain, posted significant improvements in its 2012 half yearly performance against the same period last year across its business operations, indicating positive results. Announcing the highlights of the Jan-June 2012 business performance of the company, Gulf Air CEO Samer Majali said that the airline has recorded ...
- Gulf Air extends its wings to Sri Lanka. (Category: Breaking News)
- Gulf Air extends its wings to Sri Lanka. (Category: Breaking News)
- Gulf Air to downsize, seeks State funds (Category: Business)
- Gulf Air resumes flights to Colombo (Category: Breaking News)
REUTERS: US astronaut Neil Armstrong, who took a giant leap for mankind when he became the first person to walk on the moon, has died at the age of 82, his family said on Saturday. Armstrong died following complications from heart-bypass surgery he underwent earlier this month, the family said in a statement, just two ...
- Neil Armstrong, the first man to walk on the moon, dies aged 82. (Category: Breaking News)
- US astronaut Neil Armstrong dies (Category: Technology)
- VIDEO: Memorial for first man on Moon (Category: Technology)
- China puts its first woman astronaut into orbit (Category: Business)
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)
Reuters: A European crackdown on pollution from ships will require billions of dollars worth of investment by shipping firms on filter technology and by refineries on upgrades to produce cleaner fuels – burdens they can ill afford. The shipping industry is already struggling due to poor global demand and overcapacity, which have pushed freight rates ...
- Maersk confident giant ships won’t ruin market (Category: Business)
- Ship owners stress role in delivering green growth at Rio +20 Summit (Category: Business)
- Asia distillates: Margins slip on excess supply (Category: Business)
- Intertek Lanka Petroleum Lab at Hambantota Port receives ISO 17025 (Category: Breaking News)
Reuters: Tanzania has suspended the head of its ports authority and six other senior port officials over allegations of cargo theft and embezzlement of public funds, the transport ministry and local media said on Friday. The government is struggling to crack down on corruption in ministries and state institutions, with the public losing patience at ...
- Allegations do not affect SLPL integrity – Organisers (Category: Business)
- Bin Hammam’s life ban overturned by CAS (Category: Business)
- Yemen’s Aden Port to cancel DP World deal (Category: Business)
- Five IPL cricketers suspended on corruption allegations (Category: Business)
Construction activities of the Oluvil Harbour which cost Rs 7,000 million are nearing completion, according to Government Information Department. The Oluvil Harbour construction project commenced on June 20, 2008 in line with the Government’s initiatives to set up a modern port system in the country. Under this project, many ports are being constructed throughout the ...
- Oluvil port by year end (Category: Breaking News)
- Oluvil port by year end (Category: Breaking News)
- Sri Lanka: Four more ports of entries named (Category: Breaking News)
- Oluvil Port ready by September (Category: Breaking News)
McShaw Automotive Ltd., a joint venture between two leading corporates Mclarens Holdings Ltd and Shaw Wallace Ceylon Ltd opened its first dedicated showroom yesterday under the distinguished patronage of Delphi Product and Service Solutions (DPSS) Asia Pacific Managing Director and Delphi China Vice President Dominic Seto. Also present at the opening were representatives of Delphi: ...
- Mobil partners Ceylon Motor Show 2012 as Official Lubricant (Category: Business)
- Shaw Wallace Ceylon, McLarens Holdings form JV to serve automotive sector (Category: Business)
- Shaw Wallace Ceylon Ltd being transformed through Innovation and technology (Category: Business)
- Renuka Holdings in Forbes Asia‘s “Best under a US$ Billion” (Category: Business)
Reuters: Asian shares rose to a two-week high on Thursday after Federal Reserve minutes raised hopes for fresh monetary stimulus, but a survey suggesting that China’s manufacturing sector is contracting capped the gains. Ahead of the euro zone’s flash PMI and a German-French meeting over Greece, financial spreadbetters called London’s FTSE 100 .FTSE, Paris’s CAC-40 ...
- Asian shares fall on unclear US policy stimulus, Europe (Category: Business)
- Copper hits 4-mth high on US, China stimulus hopes (Category: Business)
- Asian shares edge higher, investors seek stimulus clues (Category: Business)
- Fed ramps up economic stimulus, ready to do more (Category: Business)
SINGAPORE (Reuters): Ceylon Petroleum Corp (Ceypetco) has awarded a tender to buy 40,000 tons of fuel oil to a little-known company called Bumi Siak Pusako, industry sources said. Ceypetco bought 15,000 tons of Low Sulphur Fuel Oil (LSFO) at a premium of $ 84.95 a ton, above Singapore spot quote, for 29-20 August delivery to ...
- CPC buys 40,000 tons fuel oil from little-known supplier (Category: Breaking News)
- BP Singapore in talks with Ceypetco over rejected Jet Fuel Cargo (Category: Breaking News)
- CPC renews gasoil term with Vietnam Petro firm’s affiliate (Category: Business)
BEIJING, (Reuters Point Carbon): China will plough $372 billion into energy conservation projects and anti-pollution measures over the next three-and-a-half years, part of a drive to cut energy consumption by 300 million tonnes of standard coal, the country’s cabinet said Tuesday. A report from China’s State Council, or cabinet, said the investments will take China ...
- Climate Change (Category: Business)
- Global CO2 emissions rise 3 % in 2011: report (Category: Business)
- China’s coal surge threatens climate goals, despite Xi’s pledge (Category: Breaking News)
- No region immune to Europe crisis: World Bank Chief (Category: Business)
Reuters: Iran unveiled upgrades to six weapons on Tuesday, including a more accurate short-range missile and a more powerful naval engine, Iranian media reported, in what seemed to be its latest response to international pressure over its nuclear programme. The hardware was presented at a ceremony marking Defence Industry Day and attended by President Mahmoud ...
- Iran says fires long-range missile in Gulf drill (Category: Business)
- Ahmadinejad unveils upgraded short-range missile (Category: Breaking News)
- US moves new forces to Gulf to ward off Iran: report (Category: Business)
- Obama vows to pursue further nuclear cuts with Russia (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)
K Line, the pioneer in maritime transportation of cars, has further strengthened its confidence in the Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) in Hambantota with the maiden call of their RO/RO carrier MV Agean Highway on 13 August 2012. This vessel previously deployed on Australian – Europe – USA sector has now been engaged on ...
- RO-RO carrier MV ‘Favourite Ace’ marks maiden call at MRMRP (Category: Business)
- K-Line Car Carrier Makes MaidenCall At Hambantota (Category: Breaking News)
Ethiopian Airlines received Africa’s first Boeing 787 Dreamliner yesterday, making Ethiopia the only country aside from Japan to operate the innovative aircraft. “As a continent this shows how much we are making progress as Africans… competing on the global stage and changing our image,” Ethiopian Airlines chief executive Tewolde Gebremariam said at Addis Ababa’...
- Boeing 787 Dreamliner to begin tour of Asia, Africa and ME in Dec. (Category: Business)
- Ethiopian Air to get Africa's first Boeing 787 (Category: USA, Washington)
- Hundreds of Ethiopian Jews receive warm welcome in Israel (Category: USA, New York)
- Hundreds of Ethiopian Jews receive warm welcome in Israel (Category: USA, New York)
Thai Airways International has taken delivery of the first of eight brand new Boeing 777-300ERs being leased from Singapore’s BOAC. The new B777-300ER aircraft, which you can see in the short HD video below, features Thai Airways’ new cabin interior design, IFE system and seats. The aircraft is the first in the airline’s 2011-2017 corporate ...
- Cathay Pacific orders 12 new Boeing (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Etihad Airways counting down to Boeing 787 Dreamliner (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
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)
Reuters: Bill Gates is betting the toilet of the future for the developing world will be solar powered. The world’s leading private philanthropist handed a $ 100,000 prize to the California Institute of Technology on Tuesday for its work on a self-contained, sun-powered system that recycles water and breaks down human waste into storable energy. ...
- Bill Gates backs 'future' toilet (Category: Technology)
- Disposable toilet seat covers: for the hygiene conscious (Category: Business)
- ‘Velvet’ records highest growth of 40% in toilet soap market (Category: Business)
- Toilet charge to be introduced in the New Year (Category: Breaking News)
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)
PARIS/LONDON (Reuters): Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst US drought in more than half a century and poor crops from the Black Sea bread basket. France, the United States and G20 president Mexico will hold a conference ...
- Bill Gates to urge G20 not turn backs on poor (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
- G20 to Europe: show us the money (Category: Business)
- World 2011 grain output record high, market tight: FAO (Category: Business)
The Colombo Bourse yesterday produced a mini-rally with its value rising by Rs. 23 billion led by resurgence in blue chips and foreigners continuing to be net buyers. The benchmark ASI gained by 1.27% and the blue chip MPI sharply by 3% whilst the S&P SL20 was up 1.45%. Despite speculated withdrawal of foreign investors ...
- BAT asks for five board seats in BLUE (Category: Business)
- Distilleries toasts FY12 start with 1Q net profit up 50% to Rs. 1.2 b (Category: Business)
- Dhammika ups control in Hayleys to 47% (Category: Business)
- ERI parent Lionhart, PC House in win-win deal (Category: Business)
NEW DELHI, (Reuters): India’s wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the central bank to cut interest rates at its September meeting to try to revive the struggling economy. Inflation dropped to 6.87% in July from 7.25% in June as domestic ...
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- India’s July inflation eases; rate hike still seen (Category: Business)
- CB says policy rates appropriate (Category: Business)
- India’s March industrial output falls (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)
Reuters: Ford Motor Co said recently its 2013 C-Max Hybrid crossover surpassed Toyota Motor Corp’s Prius V on fuel economy, with EPA ratings of 47 miles per gallon in the city and on the highway. The Prius V is rated by the US Environmental Protection Agency at 44 mpg in city driving and 40 mpg ...
- Nissan Sentra redesigned as Altima look-alike (Category: Business)
- Toyota launches world’s most fuel-efficient hybrid (Category: Business)
- Nissan Note aims to beat Japan laggard tag (Category: Business)
- Revenge of the internal combustion engine (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)
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