@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
800 results found in 1360 ms
Page 17 of 27
Stock market plunges further; Rs. 69 b in value wiped off One year loss of value is a staggering Rs. 766 b EPF and foreign buying saves Bourse after near 5% crash Rupee dips to all-time low of Rs. 120; likely to settle down though triggering panic in import trade Crisis could be an understatement ...
The Government said it will allocate Rs. 1.9 billion per month to provide fuel subsidy to necessary services following the increase in fuel prices. The Ministry of Finance and Planning has announced that the fuel relief will be granted from Tuesday to the Sri Lanka Transport Board, the Railways
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
The loss of value at the Colombo Bourse during the past four market days has ballooned to Rs. 142 billion, whilst the year-to-date negative return was inching towards 15% as misery worsened for investors on account of adverse external developments. The stock market yesterday within the first hour of opening ran the risk of a ...
Contrary to Government assurance of minimal impact from the unprecedented fuel hike of Sunday, a set of upward price revisions including on bus fares and electricity will become reality from today. Striking private bus operators yesterday won their demand with the Government agreeing to let fares
Purple Park, Sri Lankan cricket legend Lasith Malinga’s car detailing centre, became an authorised centre for 3M’s car care range. The centre, located in Hanwella, Angoda, officially became an authorised 3M car care centre on 26 January. 3M is a leading supplier to the motor trade and is globally recognised for high quality innovative products ...
Hyundai Merchant Marine Co. Ltd. has announced a new scheme into the market relating to bunker surcharge. It said weak shipping demand, excessive shipping capacity, poor freight rates and high operating costs are some of the primary problem now placing greater financing pressure on container shipping. One of the most critical ingredients for a shipping ...
Etihad Airways, the national carrier of the United Arab Emirates, last week reported a full year EBIT of US$137 million, on revenues up 36.0% to US$4.1 billion (2010: US$2.98 billion). The results included earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) of US$648 million, with a net profit of US$14 million. The record result ...
By Chamitha Kuruppu The Government has decided to grant a fuel subsidy to private bus owners, school vans and three wheeler operators. A kerosene coupon will be issued to the low income families. Treasury Secretary Dr. P.B. Jayasundera told the Daily FT that cost of the relief scheme estimated
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 ...
CMA CGM has announced a major revenue restoration program starting from March 1. “In 2011, the unprecedented decrease of Freight rates coupled with the sharp increase of bunkers and with the deterioration of operational conditions in Asia has severely impacted the results of all carriers operating on the Asia to Europe Trade,’ the global carrier ...
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
SINGAPORE (Standard & Poor’s) Feb. 8, 2012–Global economic uncertainties are resurging. Policymakers in Asia will have to work quickly to offset the effects of a global recession, if it occurs. But they might not be able to do so, given their respective domestic political challenges. That’s according to a report titled “Political Distractions Could Dull ...
Airbus will build on last year’s highly successful commercial performance as the company pursues its industry leadership in 2012, with the coming 12 months to include further production ramp-up for the jetliner families to meet a growing order backlog, supported by additional growth in its employee count. Speaking to international journalists today at the New ...
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. “The Central Bank Chief must be commended for finally realising that there ...
BEIJING (Reuters): China will raise the ceiling on retail prices for gasoline and diesel by 300 yuan ($47.50) per ton from Wednesday, a senior Sinopec official said, its first fuel price hike in 10 months. The hike has been anticipated by the industry. Energy consultancy C1 Energy last month
“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 ...
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,” ...
Several major container lines serving the Asia-Europe trade, also covering the Indian sub-continent, have announced freight increases. Some of them have already effected the increases while others are to do so shortly, according to shipping industry sources. Thus, Denmark’s MAERSK Line has announced it will increase freight $775 per TEU on the Asia-Europe routes effective ...
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 positive demand growth in December of 0.2%. Growth ...
THE decision by the Government to reduce allowances paid to governors, provincial chief ministers and provincial ministers in respect of their telecommunications facilities, fuel and vehicles will come as a welcome change to most people. In most instances the people are fed up of the excesses
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 international price of liquefied petroleum gas (LPG) has jumped by $ 139 to record high at $ 1,031 per ton for February 2012 with analysts describing it as the highest increase. Industry sources said that Saudi Armco Contract Price (CP) has surged to record high due to surge in prices of butane by $ ...
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
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 ...