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PC Pharma, the pharmaceutical subsidiary of PCH Holdings Limited, has launched RED (Revitalising Exertion Drink) an energy drink with natural core ingredients for health conscious consumers looking to invigorate their daily life, be it in work or studies. This product will be another milestone for PC Pharma after the launch of Celia, their increasingly popular ...
By Sydney Knight Galle Literary Festival Panel: Writing political realities into fiction and journalism. This program enabled me to listen to Romesh Gunesekera, Irfan Husain and Susan Minot. All three writers certainly had a message. However, what struck a chord in my system was the story from Uganda. The story of the Nun and the ...
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 ...
Following the establishment of branches in Jaffna, Nelliady and Vavuniya earlier, Commercial Leasing and Finance has taken the initiative to open its recent branch in Kilinochchi. The move was with the objective of further strengthening the economic growth of the Northern Province. One of the fastest growing registered finance companies in the country, Commercial Leasing ...
LONDON(Reuters): Cleaner and better-managed seas and coasts would help boost economic growth and reduce poverty and pollution, a United Nations Environment Programme (UNEP) report said on Wednesday. The report, produced with several other U.N. organizations, highlights the huge potential of a marine-based economy some five months before world governments meet to discuss pathways to more ...
(Reuters): Volkswagen last week said a recall of cars equipped with a two litre diesel engine would now affect 300,000 vehicles. The reason for recalling the vehicles was potentially leaking fuel lines to the fuel injector system, Volkswagen said. In October Volkswagen’s American division
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 this year, but with relatively subdued performances. The United ...
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 ...
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
AirAsia X, the long haul, low cost affiliate of AirAsia, is withdrawing its flights to India (Mumbai and Delhi) and Europe (Paris, London) from its Kuala Lumpur hub as follows: nMumbai – Four weekly services will be suspended with the last flight on 31 January 2012 nNew Delhi – Daily services will be suspended with ...
The decision to give employees of the Ceylon Petroleum Corporation (CPC), Ceylon Electricity Board (CEB) and National Water Supply and Drainage Board (NWSDB) a salary hike of 25 per cent despite the mammoth losses that they are already making is an unfair and counterproductive step. Let it be noted at the onset that this is ...
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 ...
LONDON: Airlines could reap windfall profits from a $3 passenger surcharge, introduced to cover new costs from an EU law regulating greenhouse gas emissions, because the carriers will receive most of their CO2 permits for free. Five US air carriers including Delta Air Lines and United Continental last week imposed the price hike on their ...
Reuters: Malaysian long-haul budget carrier AirAsia X will stop flying to Europe and India from its Kuala Lumpur base due to soaring taxes and higher jet fuel prices, it said on its Facebook page last week. “AirAsia X will concentrate capacity in our core markets of Australasia, China, Taiwan
VIENNA (Reuters): Germany’s largest airline Lufthansa AG has ordered more cost cuts at loss-making Austrian Airlines as a precondition for supporting the unit’s plans to upgrade its fleet. Austrian wants to replace its medium-haul fleet of 11 Boeing 737 aircraft with up to seven Airbus A319 or A320 jets, but said it could not finance ...
The Comprehensive Economic Partnership Agreement (CEPA) seems to be set to hit the headlines again, after the Industry and Commerce Minister on a recent visit to India expressed strong interest in expanding business ties with Sri Lanka’s closest neighbour. Readers will remember that all past attempts to sign CEPA have resulted in many local businessmen ...
Contemporary British motoring élan is to be showcased to the literati of Sri Lanka in the ancient Dutch bastion of Galle later this month at the Galle Literary Festival (GLF). Two illustrious British writers will be among the eminent authors participating in the 2012 edition of the festival courtesy of Range Rover, a first-time Gold ...
A coalition of trade unions, affiliated to Sri Lanka’s essential services of electricity, water and fuel, threaten to launch an islandwide strike demanding a pay hike higher than what the Government has offered. Trade unions affiliated to the Ceylon Electricity Board (CEB), Ceylon Petroleum
Trade unions affiliated to the electricity, fuel, water and ports sectors in Sri Lanka have rejected the Government’s decision to grant them an 18% salary increment along with a Rs. 2,500 monthly incentive payment and threatened to stage a walk out. The Ceylon Electricity Board (CEB), Ceylon
A top Minister and his convoy have allegedly taken the state resources for a ride when they had pumped tanks full at CPC outlets during their journey to the north recently. Sources said that Ministers are given coupon to meet their fuel requirements for their official use but this political troupe
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 ...
“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 the lost decade” – ...
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 ...
WASHINGTON (Reuters): The Obama administration is laying the groundwork for possible retaliation in response to a European law requiring airlines to pay for carbon emissions. Discussions between key agencies have ramped up recently, although there is no consensus yet on what, if anything, the U.S. government should do unilaterally or in concert with other nations ...
Union Bank unveiled its new state-of-the-art Head Office yesterday. Governor of the Central Bank Ajith Nivard Cabraal ceremonially declared opened the new premises located at No. 64 Galle Road, Colombo 3. The new head office marks another momentous occasion for Union Bank, bringing together a combination of state-of-the-art technology, competitive financial solutions and superior service ...
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
Brent crude fell near $113 a barrel on Thursday as renewed jitters over the euro zone crisis overshadowed fears of Iranian supply disruption after the European Union agreed to cut off oil imports from the No. 2 Opec producer. Oil prices are capped by worries that the euro zone crisis could slow down the global ...
Today, as much as China is the centre of global manufacturing, India has become the international hub for global service industries. India’s IT and outsourcing exports amount to over US$ 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. ...