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telegraph.co.uk: Sri-Lankas-former-army-chief-Sarath-Fonseka-calls-for-Arab-Spring-style-uprising.htmlGeneral Sarath Fonseka, the former Sri Lankan army chief jailed for running as an opposition candidate, has declared he will lead an Arab Spring-style uprising to force the government from office. Outlining his return to active politics after he was released from jail in May following pressure fro...
- Fonseka Begins Fast to Protest Treatment (Category: Breaking News)
- “Go Back To The Army”, Vasudeva tells Sarath Fonseka (Category: Breaking News)
- “Go Back To The Army”, Vasudeva tells Sarath Fonseka (Category: Breaking News)
- “Go Back To The Army”, Vasudeva tells Sarath Fonseka (Category: Breaking News)
By Shanuka Tissera The LAUGFS group held an awareness presentation at their head office yesterday in a bid to encourage and educate individuals on the benefits of an auto gas conversion. The life of an engine will be prolonged, you will help protect the environment, but the answer your wallet is listening for is that ...
- Sri Lanka Should Look At Promoting Conversion To LPG (Category: Business)
- Laugfs gas hikes prices (Category: Breaking News)
- Laugfs request price hike (Category: Breaking News)
- Laugfs Gas holds Invitation Cricket Tournament for Bulk Customers (Category: Breaking News)
LONDON (Reuters): A voluntary tax on tourists who visit the luxury resorts and white sands of the Maldives could raise up to $100 million a year towards the country’s aim to become carbon neutral by 2020, President Mohamed Waheed said. The Maldives is made up of 1,192 low-lying islands in the Indian Ocean. With average ...
- Island ex-president Mohamed Nasheed still making waves (Category: Business)
- Maldives says China to lend it $500 million (Category: Business)
- India urges Maldives again to maintain calm (Category: Business)
- Maldives’ vice president takes oath (Category: Breaking News)
Reuters: Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for the region’s banks. The euro hit a two-year low of $1.2225 in early Monday Asian ...
- Asian shares rise as China data soothes, caution caps (Category: Business)
- Asian shares fall, dollar spikes vs yen on intervention (Category: Business)
- Asian shares fall on sluggish US jobs, focus on more data (Category: Business)
- Asian shares rise; oil spikes on Iran tension (Category: Business)
LPG can be the ideal choice and energy solution in marching forward for a strong economic growth as it is versatile, efficient and cost effective. LPG is also considered an environmentally friendly fuel due to its lower carbon emissions. Unlike some other fuels in Sri Lanka, LPG does not receive heavy government subsidies.
- Claim tax will kill LPG (Category: Australia, Tasmania )
- Gas Supply (Category: Business)
- Half Share (Category: Business)
- Europe winter forces up LPG (Category: Australia, Tasmania )
Reuters: Airbus and Boeing head into next week’s Farnborough Airshow locked in their fiercest market share battle for up to a decade, slashing prices to win key orders for their latest narrowbody jets and storing up potential trouble for future profit margins. From Australia to Indonesia, the United States to Norway – and most recently, ...
- Spotlight turns to output as Boeing wins show (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Emirates receives 1,000th Boeing 777 (Category: Business)
- New Boeing 737 planes launched (Category: Business)
Govt. calls for strong energy conservation to prevent shortages, says hydro at 12%, CEB loses Rs. 200 m a day By Uditha Jayasinghe Despite the drought, the Government yesterday assured that there would be no power cuts but stressed on the need to increase power conservation to continue generation until the next monsoon season. ...
- Losses For This Year Rs. 29 Bn Says Minister (Category: Breaking News)
- CEB Spends Rs. 4.5 Million For Stall (Category: Breaking News)
- No light for CEB! (Category: Business)
- CEB is not a burden on national economy, says Power Minister (Category: Business)
The VE Commercial Vehicles Limited of India, manufacturers of Eicher trucks and buses, recently awarded NEM Constructions Limited Chairman/Managing Director Raja Nanayakkara for purchasing the highest number of Eicher tipper trucks from Associated Motorways Ltd. (AMW), which imports and markets Eicher commercial vehicles in Sri Lanka. VE Commercial Vehicles CEO Vinod Agarwal presenting the award ....
- AMW tops in Eicher tipper sales (Category: Business)
- AMW opens Piaggio three-wheeler showroom in Batticaloa (Category: Business)
- AMW opens Piaggio three-wheeler showroom at Dambulla (Category: Business)
- Samantha to spearhead AMW’s aggressive expansion as Group MD (Category: Business)
The new Jeep Compass 4×4, which goes on sale in July 2012, heralds an exciting future for the iconic Jeep brand. Along with the introduction of the much talked about all new Grand Cherokee and the Wrangler Rubicon Unlimited, Jeep enthusiasts in Sri Lanka can now enjoy the comfort and the splendour of the all ...
- Today’s Front Page 02-07-2012 (Category: Business)
- Today’s Front Page 09-07-2012 (Category: Business)
- Today’s Front Page 10-07-2012 (Category: Business)
- Today’s Front Page 12-07-2012 (Category: Business)
Like Sri Lanka, India is also facing a fuel crisis. However, some Indian economic experts had analysed the situation and expressed an opinion, which is applicable to Sri Lanka as well. In 1970 America insisted that all petroleum (crude oil) dealings should be in US dollars. Several countries purchased excess US sdollar to be kept ...
- Internationalization of Rupee – India’s Big Leap (Category: Breaking News)
- Foreign Navies request SLN training (Category: Breaking News)
- Bilateral Links (Category: Business)
- All-women delegation from India to visit Sri Lanka (Category: Breaking News)
LONDON WASHINGTON, (Reuters): The global economy is showing signs of deteriorating after manufacturing in the United States contracted in June for the first time in three years, European factories took another hefty blow and China and Japan were hit hard by crumbling orders from abroad. Business surveys released on Monday, covering thousands of factories across ...
- World growth at risk as US employment stumbles (Category: Business)
- Global factories struggle as growth fears rise (Category: Business)
- India’s manufacturing growth slips in July, weakest since November (Category: Business)
- Europe a drag on world economy, US data mixed (Category: Business)
The Sri Lanka Ports Authority (SLPA) has scheduled to commence a new project of laying of new bunker fuel pipelines, on a priority basis to be used by all license holders, with enhanced efficiency and productivity. This decision was made having realised the necessity of replacing the dilapidated existing bunker fuel pipeline, which is more than 60 years ...
- A new oil tank for SLPA oil terminal (Category: Business)
- China Development Bank to lend $ 350 m for CMHI-Spence port project (Category: Business)
- Challenges of port development (Category: Business)
- Sri Lanka boosting Colombo bunkering capacity 50 pct (Category: Business)
The biggest players in the construction industry will show off their latest innovations at Sri Lanka’s largest construction exhibition, ‘Construct 2012’. The grand event is set to take place on 10, 11 and 12 August at the Sirimavo Bandaranaike Memorial Exhibition Centre. Customers, enthusiasts and industry stakeholders alike, will come to witness a display of ...
- United Tractors and Equipment shines at ‘Construct 2012’ (Category: Business)
- UTE celebrates 65 years of contribution towards infrastructure development (Category: Business)
- Nations Leasing partners UTE to propel construction industry growth (Category: Business)
- CONSTRUCT 2012 in Colombo in August (Category: Business)
Reuters: Sri Lanka’s inflation rate accelerated to a 41-month high in June driven by the rupee’s sharp depreciation, while food prices were hit by supply constraints due to drought and government policies to discourage selected imports. Annual inflation hit 9.3% in June from a year earlier, its highest since January 2009 and up from 7.0% ...
- Inflation seen at 42-month high in July (Category: Business)
- November annual inflation eases to 4.7% (Category: Business)
- Inflation seen at 2012 high in May: Reuters Poll (Category: Business)
- CB says policy rates appropriate (Category: Business)
India on Friday slashed fuel prices in a bid to bring relief to consumers, putting the stagnant oil prices in Sri Lanka under stronger focus. As the rupee continues to dip, there is ever-increasing pressure on the Government to take action on keeping the cost of living bearable – a tough task at the best ...
- CPC implications (Category: Business)
- Another CPC controversy (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Price Balance (Category: Business)
BANGKOK (IPS): The just-ended United Nations sustainable development summit in Rio de Janeiro has exposed the discomfort that many developing Asian countries have over buzz words like ‘green economy’ and ‘green growth’ in development diplomacy. With the Economic and Social Commission for Asia and the Pacific (ESCAP), the U.N. regional development arm, endorsing these concep...
- Challenging times for Asia Pacific (Category: Business)
- Green economy and impact on trade (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
Case study Middle East Sri Lanka is one of the most sought-after tourist destinations in the world. It is surrounded by the Indian Ocean strategically located between West Asia and South East Asia and has been an important stop on the silk route or the Silk Road. It has all requirements to be one ...
- Unified branding in the tourism industry (Category: Business)
- Showcasing Sri Lanka and driving demand (Category: Business)
- Marketing an emerging tourism destination in Asia (Category: Business)
Rio+20 has come and gone. For some, with June gone, the task may be looking at the flavour of the month for July to prop up different hoardings. The conference was concluded successfully and most of the final photos and comments indicated it was well attended and well run and perhaps well concluded. For sure, ...
- Green growth not targets needed for 2015 climate deal (Category: Business)
- Climate change: The definitive challenge of the 21st century (Category: Business)
- Be a part of Earth Hour 2012 (Category: Business)
- Climate Change: A Red Flag For Environmental Security In Sri Lanka (Category: Breaking News)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related to their accountability. Despite this, and setting ...
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
MUMBAI (Reuters): India’s natural rubber imports are likely to drop by 27% to 150,000 tons in the current year to end-March 2013 as local output rises and international prices make imports less attractive, a senior government official said. The world’s fourth-biggest producer of natural rubber imported 205,433 tons of the tyre-making raw material last year, ...
- India’s June natural rubber imports up 11% (Category: Business)
- India’s rubber imports drop, inventory ample (Category: Business)
- India’s natural rubber imports dip 17% (Category: Business)
- India rubber seen up on global cues, supply drop (Category: Business)
DOHA (Reuters): Qatar’s economic growth is expected to slow to 4.5 percent in 2013, the weakest rate in a decade, but the country plans to continue heavy investment in its non-hydrocarbon sector, the OPEC member’s planning authority said on Monday. Qatar’s oil and gas-reliant economy has been surging at a break-neck, double-digit pace for the ...
- Sharp fall in Qatar economic growth forecast (Category: Business)
- CA Sri Lanka Qatar Chapter holds third AGM (Category: Business)
- Qatar Airways launches latest global 3-day sale (Category: Business)
- OECD sees euro crisis threatening world recovery (Category: Business)
Prestige Automobile Ltd., the agents of BMW in Sri Lanka on Monday announced the launch of the BMW ActiveHybrid 5, another series-produced model in which a combustion engine and electric motor join forces to enhance both efficient and the brand’s hallmark driving pleasure. The new machine will be retailing at BMW showroom at Battaramulla. The ...
- Toyota to supply hybrid technology to BMW (Category: Business)
- BMW launches all new 3 series (Category: Business)
- Engine of the Year Awards 2012: BMW Group scores with four, six and eight cylinders (Category: Business)
Leader in processed meat Keells Food Products Plc is doubling its capacity with the purchase of production facility of D&W Foods Ltd., at Pannala for Rs. 700 million. The Company also announced a Rights Issue to raise Rs. 1.02 billion. Both moves are subject to shareholder approval at an EGM. D&W Foods is located at ...
- SLS certification endorses Keells Sausages’ premium quality assurance (Category: Business)
- Expolanka Holdings buys controlling stake in Norfolk Foods for Rs. 300 m (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
TOKYO, (Reuters): Toyota Motor Corp plans to supply hybrid technology to BMW AG, deepening a partnership that began with a deal last December on diesel engines and electric car batteries, the Nikkei business daily reported on Monday. This month, BMW’s joint venture to make hybrid car components with French auto maker PSA Peugeot Citroen was ...
- BMW the most valuable global car brand: Study (Category: Business)
- BMW gets Sachin behind the wheel (Category: Business)
- BMW launches all new 3 series (Category: Business)
- Toyota, BMW to partner on green technology (Category: Business)
United Motors Lanka PLC (UML) recently announced the start of a promotional campaign for Valvoline synthetic oil. The promotion is targeted at customers who purchase a four litre can of Valvoline’s Syn-Power 5W40 and customers will be eligible for a free Valvoline branded watch until stocks last. The first customer to receive the free watch ...
- United Motors Lanka unveils new Valvoline product (Category: Business)
- Dinesh Deheragoda makes history at Fox Hill 2012 (Category: Business)
- United Motors Group achieves highest ever profit of Rs. 2.2 b in FY12 (Category: Business)
- Asia forecasts UML net profit to rise 79% to Rs. 1.6 b in FY12 (Category: Business)
Emirates’ young globalistas can now enjoy the company of new travel companions with the introduction of a collection of onboard toys set to launch on 25 June. With two ranges of toys aimed at pre-school and older children, the travel experience has been further refined by Emirates to enable young passengers to have an entertaining, ...
- Emirates reveals new industry-leading screens for inflight entertainment system (Category: Business)
- Donated Christmas Toys Stolen (Category: USA, Georgia)
- Emirates gets 2012 off to a flying start with first-ever global sale (Category: Business)
- DJ Kopec reaches goal to collect 20K toys for kids (Category: USA, Maryland)
A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
- Taming the ‘monsters’ (Category: Business)
- Corporatism: A step beyond state capitalism (Category: Business)
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
Reuters: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due to the increased weight of emerging markets in the world economy ...
- Bubble Fears (Category: Business)
- Demands on bank assets pose “vicious cycle” danger (Category: Business)
- Rebalancing (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
Japan Airlines has requested approval from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to apply a lower level of fuel surcharges on all its international passenger tickets issued between 1 August and 30 September 2012. JAL sets fuel surcharge levels bimonthly based on the 2-month average price of Singapore kerosene-type jet fuel. ...
- Recent 'gas-and-dash' deaths in Canada (Category: Canada, Ontario)
- Water found mixed with fuel (Category: Breaking News)
- Sub standard jet fuel to be used as kerosene (Category: Breaking News)
- Sri Lanka imposes a fuel surcharge on electricity bills (Category: Breaking News)
Last week in Rio de Janeiro at a high level ‘Oceans Day’ event during the United Nations ‘Rio+20’ Summit on Sustainable Development, the International Chamber of Shipping (ICS) presented the views of the world’s merchant shipowners on delivering green growth. On behalf of ICS, the principal international trade association for shipowners, representing over 80% of...
- Shipowners join WWF, Oxfam in urging climate levy (Category: Business)
- IMO Reiterates Commitment To Sustainable Maritime Development (Category: Breaking News)
- Ports and carriers united on the need to weigh loaded containers (Category: Business)
- APL receives largest, most advanced vessel (Category: Business)
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