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Last week I wrote about how there was a clash of speeds, how various sectors of our economy were not synchronised with each other. My focus was on the Southern Express Highway and how we need a plan to get moving! I travelled up north last weekend, along the A3 to Puttalam and then to ...
- Fuel prices revised (Category: Breaking News)
- Fuel prices will be revised with effect from midnight today (31). (Category: Breaking News)
- Ceypetco buys Feb cargo at a premium (Category: Business)
- CEYPETCO revise fuel prices from midnight today (Category: Breaking News)
For over 120 years the name Mercedes-Benz has guaranteed trucks of highest quality. In the European and Latin American markets Mercedes-Benz Trucks today is still synonymous with reliability and economy, first-rate quality in product and service as well as global competency in customer-focused
- Mercedes-Benz trucks and vans available for order (Category: Business)
- DIMO delivers the first brand new Mercedes-Benz Actros to LAUGFS Gas (Category: Business)
- Mercedes-Benz is the most valuable premium automotive brand! (Category: Business)
- Mercedes-Benz New Year Bonanza Winners Get Brand New TATA Nano Cars (Category: Business)
Contrary to exaggerated claims the EPF investments in to the stock market last week had amounted to only less than 10% of market activity and unlike some past contentious buys, this time around it had focused on blue chips. The total turnover of the Colombo bourse last week was Rs. 8.6 billion and local purchases ...
- Investor confidence worsens by the day; bourse loses Rs. 53 b in value (Category: Business)
- Crisis Colombo! (Category: Business)
- Foreign net inflow tops Rs. 3 billion (Category: Business)
- Aitken Spence draws biggest foreign buying as net inflow tops Rs. 1 b (Category: Business)
Sharp reduction in vegetables prices thanks to higher output could help soften an otherwise sharp spike in inflation following the unprecedented fuel hike and devaluation of the rupee, according to analysts. In recent weeks, prices of vegetables have dropped by as much as 50% or more and this development will make the additional cost following ...
- Food price increase leads to higher inflation rate in July – CB (Category: Business)
- Inflation decelerates in August says Central Bank (Category: Business)
- April inflation up owing to increase in food prices (Category: Breaking News)
- Sri Lanka ends 2011 with inflation remaining at single digit level (Category: Business)
Reuters: Israeli Defence Minister Ehud Barak said on Saturday a nuclear-armed Iran would trigger an arms race in the Middle East and nations should impose “crippling” sanctions on Tehran to force it to give up its atomic programme. “A nuclear Iran is a threat to the whole world, not just to Israel … Other major ...
- US not backing off as Iran sanctions bite (Category: Business)
- Strike on Iran could hurt world economy, US says (Category: Business)
- Romney backs Israel if needs to strike Iran – aide says (Category: Business)
- Bombing puts India’s trade ties with Iran to the test (Category: Business)
Reuters: Asian shares rebounded on Friday on signs that euro zone officials will soon approve a long-awaited bailout for Greece, and after jobs and factory data pointed to a healthier U.S. economy. Financial bookmakers expected European stocks to track Asian shares higher, with financial
- Asia shares fall steeply on worries over Spain banks, growth (Category: Business)
- Asian markets gain on Greece breakthrough (Category: Business)
- Euro zone fears rattle global markets (Category: Business)
- Asian shares, commodities fall (Category: Business)
Police yesterday fired tear gas and water cannons to disperse thousands who participated in a UNP-organised protest against the crisis following the unprecedented rise of fuel prices as well as overall mismanagement of the economy. UNP members gathered opposite the Fort Railway station shouting
- Heavy traffic in Fort due to UNP protest (Category: Breaking News)
- Jumbos and 18-A (Category: Breaking News)
- UNP protest against fuel hike this evening (Category: Breaking News)
- UNP MP Palitha Bandara assaulted (Category: Breaking News)
ASI gains by 5% as Bourse’s value swells by Rs. 96 b Brokers positive after fresh meeting with SEC EPF, private institutional and high networth investors active on attractive valuations The Colombo stock market yesterday produced a major rebound gaining by 5% thanks what some described as “spirited support” whilst others emphasised it was largely due ...
- Investor confidence worsens by the day; bourse loses Rs. 53 b in value (Category: Business)
- Crisis Colombo! (Category: Business)
- From bust to boom? (Category: Business)
- ‘Boom’ is back? (Category: Business)
Reuters: Britain’s top-notch credit rating may survive the threat of a downgrade because economists still believe in London’s resolve to erase a huge budget deficit and the central bank’s ability to print money. Rating agency Moody’s imposed a negative outlook on Britain’s triple-A rating late on Monday — the first such warning on London’s debt ...
- Fitch warns of downgrades for China, Japan (Category: Business)
- Fitch clarifies Daily FT report ‘Fitch to be fixed?’ (Category: Business)
- At debt's door (Category: Australia, Queensland)
- Fitch rates Seylan Bank’s subordinated debt ‘BBB+’ (Category: Business)
Sri Lanka’s benchmark stock index, the world’s worst performer this year, may extend its slump as the central bank raises interest rates to curb inflation, according to HSBC Holdings Plc’s private banking unit. HSBC Private Bank, which oversees about $499 billion, will wait for stock valuations to fall to “single digit” multiples before it considers ...
- Stocks approach one-month low; rupee steady (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Sri Lanka Stocks May Slump More on Rates, HSBC Private Says (Category: Breaking News)
- CB seen holding rates, SRR steady – Reuters poll (Category: Business)
By Chamitha Kuruppu The two main opposition parties yesterday blamed the Government for making false promises to the people and called the fuel subsidy was just another gimmick of the Rajapaksa administration. The United National Party accused the Government, claiming the fuel subsidy for the private transport services and fisheries sector was nothing but a ...
- Opposition political parties to stage protest against fuel price hike in the country (Category: Breaking News)
- Government unhappy over fuel price hike : Minister Sirisena (Category: Breaking News)
- Subsidy a hoax, UNP says (Category: Breaking News)
- Laugfs Gas requests price hike (Category: Business)
Fuel hike fires up fresh crisis Unprecedented rise to rocket cost of living; Opposition says hike anti-poor; subsidy scheme impractical Import bill in 2011 first 11 months at $ 4.1 b far above 2010 full year figure of $ 3 b Experts urge country to go back to automatic monthly price revision Hike likely to ...
- November annual inflation eases to 4.7% (Category: Business)
- Sri Lanka revises fuel prices from March 05, 2024 (Category: Breaking News)
- Govt. Removes Rs. 15 Petrol Tax (Category: Breaking News)
- Import tax on petrol reduced. (Category: Breaking News)
By Uditha Jayasinghe Sri Lankans may have to brace themselves for fuel price hikes as the country becomes increasingly hedged between high global prices and possible sanctions against Iran oil imports, a Minister said on Friday. “If global prices do not decline, then we have no choice but to increase fuel prices even though that ...
- Oil Supply (Category: Business)
- Govt. stops purchasing oil from Iran (Category: Business)
- Sri Lanka cleared from Iran oil sanctions (Category: Breaking News)
- Fuel price drop in the world market can be considered only after six weeks – Petroleum Minister (Category: Breaking News)
UNP MP, its spokesman for the economy and Consultant Economist Dr. Harsha de Silva yesterday gave thumbs up to Central Bank Governor Nivard Cabraal for the latter’s dual move of hiking interest rates and depreciating the currency, though insisted risks and challenges remain. “
- Harsha claims Govt., CB lack credibility (Category: Business)
- More losses by gambling public money alleges Harsha (Category: Business)
- Financing of 2011 Budget goes haywire (Category: Business)
- 6.2% budget deficit will be met (Category: Business)
“We have to give the rural people who comprises 80% of our population the results of giant development works we have initiated in the country. It is not only an expectation but also a challenge which we are ready to take up,” President Mahinda Rajapaksa said. Addressing the 64th Independence Day celebrations at Anuradhapura on ...
- No outside solutions says President (Category: Breaking News)
- Why Are The Structural Changes Necessary? (Category: Breaking News)
- Sri Lanka President enjoys freedom in Colombo (Category: Breaking News)
- National Unity is key to both uniting and developing the Motherland (Category: Breaking News)
Iran’s parliament said on Tuesday it was ready to impose a ban on oil exports to some European states, the country’s English-language Press TV reported. “In retaliation to the Zionist (Israel)-backed measure of the European countries to ban Iran oil, we are ready to impose a ban on oil exports to some European countries,” ...
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- Asia’s Iran crude imports to regain levels prior to EU ban (Category: Business)
- Japan eyes guarantees for ships carrying Iran oil (Category: Business)
- Iran oil output steady despite sanctions (Category: Business)
IATA says capacity, economy loom as issues in 2012 The International Air Transport Association (IATA) last week reported that full year 2011 passenger demand rose 5.9% compared to 2010, in line with long-term growth trends. In contrast, cargo markets contracted by 0.7% for the year; but recorded
- Global aviation’s growth slows again in July: IATA (Category: Business)
- Global aviation demand growth compromised by high oil prices – IATA (Category: Business)
- July global passenger traffic gets a boost, freight stagnates – IATA (Category: Business)
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 ...
- Honda needs new Accord to be a hit in US (Category: Business)
- Honda begins production of new Accord in Ohio (Category: Business)
- Honda launches ‘Dream Yuga,’ its cheapest bike (Category: Business)
- Honda plans to make lighter vehicles (Category: Business)
of a marine-based economy some five months before world governments meet to discuss pathways to more ...
- G20 Web economy seen at $4.2 trillion by 2016 – BCG (Category: Business)
- Evergreen Marine to step up CKYH alliance cooperation (Category: Business)
- Forests 'vital for green growth' (Category: Technology)
- Rio+20 and the developing world (Category: Business)
Reuters: The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth. Asian economies will again power the expansion of the world economy
- IMF sees risks to global growth, calls for collective action (Category: Business)
- Global economic outlook slowly improving but remains fragile (Category: Business)
- WB cuts China growth forecast to 8.2% (Category: Business)
- India’s growth will be weaker than expected (Category: Business)
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 ...
- A resolute Sri Lankan economy (Category: Business)
- Robust Roadmap! (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- CB says S&P’s revision unwarranted (Category: Business)
Reuters: Airbus outsold Boeing almost two-to-one in 2011 after gambling on a revamped fuel-efficient jetliner and delivered more jets than its rival for the ninth year running, while admitting it may struggle to keep its order crown this year. Figures released by the European planemaker on Tuesday confirmed the popularity of narrowbody jets offering significant ...
- Spotlight turns to output as Boeing wins show (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Boeing targets number one spot with 1,000 jet sales (Category: Business)
SINGAPORE (AFP): Oil prices rose in Asian trade on Monday as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in February, gained three cents to $98.73 in morning trade. Brent North Sea crude for February ...
- Sri Lanka suffering huge loss after replacing Iranian oil with Arabian crude (Category: Business)
- Kuwait resumes full crude supply to Asia (Category: Business)
- Sri Lanka’s Iran crude imports may drop up to 20% (Category: Business)
- Reuters says Lanka has most reasons to worry about Iran oil (Category: Breaking News)
DETROIT (Reuters): As Ford Motor Co designers completed work on the new Fusion sedan, word came back from China: focus groups hated the headlights. “The comments we were getting from China was that our original design was too dark, too sinister. So we changed the whole construction,” said Chris Hamilton, who headed up the exterior ...
- Ford bets on glass roof, extras to revive Lincoln (Category: Business)
- Today’s Front Page 04-01-2012 (Category: Business)
- Boeing signs record $22.4 b order with Indonesia’s Lion Air (Category: Business)
- Blend of soothing sounds of Pandit Amaradeva and ‘Heritage Haal’ at MLH (Category: Business)
“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
- W. Bank’s Zoellick says double-dip recession unlikely (Category: Business)
- Flashing red - European debt crisis signals collapse of social welfare state (Category: Business)
- World economy fragile, faces “uneasy calm” – IMF (Category: Business)
- G20 backs Europe’s plans for overhaul to fight crisis (Category: Business)
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 ...
- Treasury Chief urges help for balance of payments (Category: Business)
- Nivard sees weak rupee recovering to 125 (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- Sri Lanka affirms flexible FX policy, but will intervene if needed (Category: Business)
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 ...
- Range Rover Evoque sponsors top authors at GLF (Category: Business)
- Victoria Beckham turns designer hand to cars (Category: Business)
- Britain’s best new cars (Category: Business)
- Range Rover to serve Hill Club tennis as Diamond Sponsor (Category: Business)
Brent crude fell near $113 a barrel on Thursday as renewed jitters over the euro zone crisis overshadowed fears of Iranian supply disruption after the European Union agreed to cut off oil imports from the No. 2 Opec producer. Oil prices are capped by worries that the euro zone crisis could slow down the global ...
- Oil turns negative as optimism fades (Category: Business)
- Oil falls below $110 on euro zone crisis (Category: Business)
- Oil sinks below $ 100 to 16-month low on economy, demand worries (Category: Business)
- Oil falls to 18-month low on global growth worries (Category: Business)
Today, as much as China is the centre of global manufacturing, India has become the international hub for global service industries. India’s IT and outsourcing exports amount to over US$ 50 billion. The economic resurgence of China and India has also made way for the emergence of Thailand, Indonesia, Pakistan and Vietnam as manufacturing bases. ...
- ‘China yuan could challenge dollar role in a decade’ (Category: Business)
- Emerging powerhouses can’t save the world (Category: Business)
- Tom Doctoroff: Standing Up to China: The Obama Way (Category: Features)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (Category: Business)
SINGAPORE (Reuters): Airlines in the Asia Pacific region may impose surcharges or increase airfares following the imposition of the European Union’s new Emissions Trading Scheme (ETS), a move that could deal another blow to an industry already facing weak demand. The possible increases would come after Delta Air Lines in the United States, that country’s ...
- Ore. father accused of trying to give away the kids (Category: USA, Washington)
- Jana Aragalaya now ‘Frontline Socialist Party’ (Category: Breaking News)
- Bayliss feels for Marsh as Dilshan quits (Category: Business)
- Heshan comes second in heats but fails to qualify for next round (Category: Business)
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