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Over 25,000 passengers carried in eight months with Kandy, Badulla, Trinco and Vavuniya as destinations Ever since its launch in October 2011, Expo Rail has been on an upward drive redefining rail travel in Sri Lanka. With four destinations in its portfolio – Badulla, Kandy, Trincomalee and Vavuniya – Expo Rail has, in the past ...
- Expo Rail Continues To Redefine Sri Lankan Train Travel In Style (Category: Business)
- Sri Lanka Railways rolls out first rail magazine with Spotlight PR (Category: Business)
- Luxury rail services on tracks from today (Category: Business)
- Travelon increases holidays on rail frequency (Category: Business)
By Marianne David MP and consultant economist Dr. Harsha De Silva yesterday alleged that THE UNP’s criticism over the mismanagement of the economy and the Central Bank as well as the EPF’s investments in banking stocks have been emphatically validated by global rating agency Standard and Poor’s.“Standard and Poor’s reiterated what we have been saying ...
- Harsha claims Govt., CB lack credibility (Category: Business)
- UNP draws guns on “military control” of Rupee (Category: Business)
- S&P’s soother! (Category: Business)
By Cheranka Mendis Several French institutions are exploring prospects to offer energy efficiency solutions to the booming construction sector in Sri Lanka. At a key industry forum organised by the Trade Commission of the French Embassy Yesterday, seven French companies along with French Agency for Environment and Energy Management (ADEME) Energy Expert Robert Angiletti and ...
- CEMS Global to hold eighth ‘Power Sri Lanka’ international exhibition (Category: Business)
- DFCC: Changing the sustainable energy landscape in Sri Lanka (Category: Business)
- Nuclear energy discrimination in Asia? (Category: Business)
- Eighth Power International Expo kicks off in Colombo (Category: Business)
Sri Lanka’s Timex and Fergasam Group (T&FG), a manufacturer and exporter of high quality garments, is ready to commence the construction of twin apparel factories in Mannar Industrial Zone approved by Board of Investment (BOI) end of June 2012. This proposed US$ 5 million worth factory, a first in the Mannar region will be ready ...
- Sri Lanka’s Timex & Fergasam to build twin apparel factories in Mannar (Category: Breaking News)
- Brandix factory in Bangladesh achieves eco milestone (Category: Business)
- $175m for green jobs in state budget (Category: Australia, Victoria)
- Elpitiya Plantations recognised for hydro power generation (Category: Business)
Reuters: Brent crude steadied around $96 a barrel on Tuesday, staying close to 16-month lows hit in the prior session, as Spain’s rising borrowing cost showed Europe is nowhere near resolving its debt crisis that has hurt the outlook for fuel demand. Oil, along with other commodities, fell on Monday after an initial rally fueled ...
- 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)
UNP MP Karu Jayasuriya in a statement yesterday condemned the attack on Friday on a JVP meeting in Katuwana area in Hambantota district killing two persons and charged that the Government was thriving via goons. Following is the full text of Jayasuriya: A situation is emerging in the country where, permission is needed from goons ...
- Political Patronage For Armed Goon Squads? (Category: Breaking News)
- JVP Blames Govt. For Katuwana Shooting (Category: Breaking News)
- Combating winged terror (Category: Breaking News)
- Uphold the Rule of Law (Category: Breaking News)
Sri Lanka Association of Public Health Inspectors has decided to walk away from their duties from today in protest of Government’s failure to grant their demands. The public health inspectors (PHIs) say that they will not participate in the meetings of the Department of Health and will not provide the reports to the Department. They ...
- More doctors should specialize in judicial medicine & anaesthesiology (Category: Breaking News)
- State health leaders sounding the alarm (Category: USA, Mississippi)
- Vaccinations within Black communities are down in Mississippi, state says (Category: USA, Mississippi)
- 5 reasons to prioritize better sleep in 2021 - CNET (Category: Technology)
Boeing targets 1,000 total civil plane orders in 2012 Boeing targets cumulative 1,000 MAX orders by end-year Boeing vows to defend 50 % narrow body market share Airbus sees quick end to A350-1000 order drought BEIJING, (Reuters): Boeing reeled off targets including an unusual pledge to sell 1,000 jets this year – putting it on ...
- Spotlight turns to output as Boeing wins show (Category: Business)
- Boeing cautious on new 737 output rise (Category: Business)
- Airbus expands order, Boeing set to rebound (Category: Business)
- Boeing Dreamliner lands in Hong Kong after first commercial flight (Category: Business)
Sri Lanka is on a drive to reduce manufacturing costs by slashing industry power consumption. “I am pleased to announce that My Ministry has implemented a much needed industry grade energy efficiencies at factory level, using the Public Private Partnership (PPP) model. We are targeting to reduce industrial energy consumption by 10% initially,” said Minister ...
- Eighth Power International Expo kicks off in Colombo (Category: Business)
- CEMS Global to hold eighth ‘Power Sri Lanka’ international exhibition (Category: Business)
- India and Sri Lanka Forge Robust Partnership in Renewable Energy Sector (Category: Breaking News)
- Keen interest in Lanka’s energy sector at first Swiss-SL Investment Forum (Category: Business)
Cairn India, country’s leading and Asia’s fastest growing upstream Oil and Gas Company, was won the PetroFed Award for O&G Pipeline Transportation Company of the year, on 8 June. At glittering ceremony in Delhi, the Union Minister of Petroleum and Natural Gas, Jaipal Reddy presented the award to Cairn India Ltd. CEO Rahul Dhir The ...
- Gas gusto! (Category: Business)
- Oil in Mannar basin: phase one done, Cairn keen to go for stage two (Category: Business)
- ONGC Videsh keen on long-term partnership with Cairn India in Sri Lanka (Category: Business)
- Cairn India wins CMO Asia award 2012 (Category: Business)
By Cheranka Mendis in Kathmandu A 400kv electricity integration project between Sri Lanka and India at an approximate investment of US$ 400 million is now at the final stage of discussion and is expected to commence work in the near future. To be financed by the Asian Development Bank (ADB), the project will transmit electricity ...
- Sri Lanka uses 100 mln USD Indian credit for solar panels in govt institutions, religious places (Category: Breaking News)
- India-Lanka power grid link feasibility study likely by Dec (Category: Breaking News)
- Seven agreements signed between Sri Lanka and India . (Category: Breaking News)
- Northern peninsula electrified after 25 years (Category: Business)
Lanka IOC has raised the price of diesel. It has for some time been asking that it be allowed to determine its own prices. But unfortunately it caters to too small a market share and cannot afford to get too far out of step without losing business. Now that world oil price is slipping, there ...
- Petroleum Industries Ministry to fight LIOC price stranglehold (Category: Breaking News)
- CPC chairman reveals reasons for fuel price hike (Category: Breaking News)
- CPC chairman reveals reasons for fuel price hike (Category: Breaking News)
- Fuel price drop in the world market can be considered only after six weeks – Petroleum Minister (Category: Breaking News)
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
- Sri Lanka state finances would improve with domestic domestic restructure: think tank (Category: Breaking News)
- Limits of statist development or state capitalism (Category: Business)
- Sri Lanka net government debt soars in 2021 despite zero foreign deficit finance (Category: Breaking News)
- Rupee depreciation: A powerful tool to drive growth and employment? (Category: Business)
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
- Jumbo profit at JKH (Category: Business)
- Stellar 3Q for JKH (Category: Business)
- JKH forges with solid growth (Category: Business)
- Good start by JKH in “challenging” FY13 (Category: Business)
Ford Motor Company unveiled the highly anticipated all-new Ford Ranger at the Ceylon Motor Show 2012, where Sri Lankan consumers will be able to see and experience the redesigned vehicle for the first time. The class-leading compact pickup truck has been completely reinvented, offering superior performance, safety, technology and quality. Ford returns to the Ceylon ...
- Vintage cars beauties to behold (Category: Business)
- Man killed in Snohomish Co. hit-and-run crash (Category: USA, Washington)
- Automakers rev up new model rollout in US – study (Category: Business)
- Mobil partners Ceylon Motor Show 2012 as Official Lubricant (Category: Business)
The United Nations environment agency today warned that the world “continues to speed down” an unsustainable path in spite of hundreds of internationally agreed goals to protect the planet, and stressed that drastic actions and big-scale measures are needed to reverse this pattern. “If current trends continue, if current patterns of production and consumption of ...
- German men win second successive hockey gold (Category: Business)
- New Euro 2012 ball faster than Jabulani, Adidas CEO says (Category: Business)
- Warner backs Australia to replace England as world’s No.1 Test nation by 2013 (Category: Business)
- Brilliant Barca crush Santos 4 nil to win Club World Cup (Category: Business)
BANGALORE (Reuters): India’s inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the RBI at its review next week, a Reuters poll showed. The wholesale price index, India’s main inflation gauge, is expected to rise 7.60 percent in ...
- India’s inflation may have picked up slightly in Feb. (Category: Business)
- India’s GDP grows 6.1% in Q3, weakest in almost 3 years (Category: Business)
- RBI shifts focus to growth, cuts CRR by 50 bps (Category: Business)
- India Central Bank leaves interest rates unchanged, cuts CRR (Category: Business)
The United States State Department will exempt Sri Lanka along with six other countries from financial sanctions after they have agreed to reduce their imports of Iranian oil, the White House has announced Monday. Along with Sri Lanka the US has exempted India, Malaysia, South Korea, South Africa, Taiwan and Turkey for six months. In ...
- Sri Lanka cleared from Iran oil sanctions (Category: Breaking News)
- U.S. punishing small nations, says Rajapaksa (Category: Breaking News)
- Financial sanctions by US on SL likely-report (Category: Breaking News)
- Iran sanction won't create oil shortage: Sri Lanka (Category: Breaking News)
The International Air Transport Association (IATA) on Tuesday announced in Beijing that South African Airways will host the 69th Annual General Meeting (AGM) and World Air Transport Summit (WATS). The event will draw the top leadership of the air transport industry to Cape Town’s International Convention Centre from 2 to 4 June 2013. “South Africa ...
- Qantas’ Joyce is new IATA Chairman (Category: Business)
- IATA milestones in three initiatives: DDS, Distribution and Industry Awards (Category: Business)
- Aviation industry leaders to meet in Beijing on Monday (Category: Business)
- Sri Lankan Airlines joins ‘Oneworld alliance’ (Category: Breaking News)
BEIJING (Reuters): Fresh fears over the global economy could unravel the benefit of cheaper oil prices and keep a lid on financial forecasts for the airline industry when its chiefs gather in China for their annual summit. An eight percent drop in oil prices this year has delivered a quick fix to an industry severely ...
- Mobius bets on further oil price increases (Category: Business)
- Global shipping downturn worse than 2008-China (Category: Business)
- Aviation industry leaders to meet in Beijing on Monday (Category: Business)
- Freight rate price war not an option: Maersk CEO (Category: Business)
Etihad Airways last week welcomed Boeing’s 787 Dreamliner to Abu Dhabi International Airport. It is the revolutionary composite aircraft’s first visit to the UAE capital. The historic BOE787 flight landed was greeted by a traditional water canon salute on arrival. Etihad Airways’ Boeing 787 Project Pilot, Captain John Downey was at the controls throughout the ...
- Etihad Airways counting down to Boeing 787 Dreamliner (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Etihad Airways to become the world’s largest operator of the Boeing 787-9 Dreamliner (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
UNITED NATIONS (IPS): Irreversible environmental damage threatens to destabilise the world’s life-support systems unless urgent action is taken, according to the latest Global Environment Report (GEO-5) which looks to the Rio+20 summit as a crucial opportunity to halt this decline. The fifth edition of the United Nations Environment Programme’s (UNEP) flagship environmental report comp...
- Asia sees red over ‘green economy’ (Category: Business)
- Clean up world seas to boost economy, UN body says (Category: Business)
- Despite agreed environmental goals, world still on unsustainable path: UN (Category: Business)
- UN Environment Program names its ‘2012 Champions of the Earth’ winners (Category: Business)
Given one month extension pending reconstitution Adding to the confusion and controversies, the Board of Directors of the BOI is in limbo with subject Ministry Secretary Dr. P.B. Jayasundera giving it a month’s extension. The move follows the tenure of the members of the Board ending recently and until the latest extension indicated this week, ...
- BOI says approvals up 100%, agreements signed by 25% in 1Q (Category: Business)
- Challenges for FDI (Category: Business)
- Ministry of Economic Development breaks silence; responds to tourism, BOI issues (Category: Business)
- FDI exceeds 1.5 billion USD target set by BOI for 2023 -State Minister of Investment Promotion (Category: Breaking News)
The Sri Lanka-Norway Business Matchmaking Program of the Ceylon Chamber of Commerce released its annual report recently. The Project is a longstanding co-operation between the Ceylon Chamber of Commerce and Norad and has been providing mutually beneficial services to both countries for a period close to two decades. According to the year 2011 annual report ...
- Mission to Norway: A boost to Sri Lankan ICT industry (Category: Business)
- Troubleshooter (Category: Business)
- Norway Increases Trade Ties With Lanka (Category: Breaking News)
- Rustic Sounds – a Blend of voices (Category: Business)
I refer to your ‘Letter to the Editor’ on 31 May 2012. It is surprising that an economist of Dr. P B Jayasundera’s calibre and experience would need to be told that protectionism is not the right tool for increasing local production and exports. However, when I saw the name of the author of the ...
- Seminar on Advanced Agricultural Technology and Quarantine Regulations (Category: Business)
- Airport for Kandy: Agriculture Minister opposes selected location (Category: Breaking News)
- Tea crop rebounds in November (Category: Business)
- Bahrain launches $265 million food security fund (Category: Business)
Fuel prices are again the topic of public debate. Even Parliament had a discussion over it, with the Opposition calling for a reduction in prices but the Government hedging against passing on the savings from a global cost decrease to cover at least part of the Rs. 60 billion losses incurred over successive years by ...
- Fuel a price change (Category: Business)
- Another CPC controversy (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Experimenting with State-Owned Enterprises (Category: Breaking News)
Reuters: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA’s executive director said on Tuesday. Brent crude this week dropped to a 16-month low below $96 a barrel before recovering to around ...
- Iran sanctions already hitting oil trade flows: IEA (Category: Business)
- IEA has assured OPEC no more oil stock shocks (Category: Business)
- Arab Spring disrupts energy investment-IEA (Category: Business)
- Saudi says high oil prices a worry, will take steps (Category: Business)
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
- Subsidized student loan scheme through commercial banks in addition to existing interest-free st... (Category: Breaking News)
- Banks lift overseas spending limits imposed on credit cards as dollar liquidity improves (Category: Breaking News)
- Ten problems; one solution (Category: Business)
- Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age (Category: Breaking News)
Union Bank conducted its 10th SME customer training workshop in Chilaw recently. The workshop was jointly organised with the Puttalam District Chamber of Commerce. As the preferred bank for the small and medium enterprises, UBC launched its free advisory services as a value addition to the growth of this sector and focuses on entrepreneur development ...
- Bank Boss (Category: Business)
- Bank Issue (Category: Business)
- Union Status (Category: Business)
- Small Stature (Category: Business)
June has suddenly become the month for travelling overseas, with Emirates announcing a series of special fares valid for travel out of Colombo during the month. These special fares, which will be on sale for specific periods within June, offer discounts ranging from 7 per cent to 38 per cent, on travel to eight destinations ...
- Emirates unveils special Economy and Business Class fares in Colombo (Category: Business)
- Emirates offers special student fares to Australia (Category: Business)
- Emirates offers special student fares to UK (Category: Business)
- Emirates gets 2012 off to a flying start with first-ever global sale (Category: Business)
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