Author Archive for Business

Why Can’t Japan Kick Coal And Nuclear?

Sunday, September 16th, 2018

By Haley Zaremba Courtesy Oilprice.com Earlier this year we reported on a startling anomaly in the global energy market that even the experts couldn’t have predicted. Just one nation, alone against the greening tides, was turning back to coal–Japan. Now, half a year later, a newly released report shows that Japanese financial institutions have funneled US$92 billion into coal […]

More >

Indian envoy visits US$ 1.2 million India-funded women’s self help project in Batticaloa

Sunday, September 16th, 2018

Courtesy NewsIn.Asia Batticalao, September 15 (newsin.asia): The High Commissioner of India Taranjit Singh Sandhu  visited the first ever cooperative society of war affected women in the Eastern Province at Kallady set up by an India-based NGO the Self Employed Women’s Association (SEWA), with a grant of LKR 197 million (US$ 1.2 million) from the Government of India. The objective […]

More >

Sri Lanka balances India and China in awarding road building contracts in North and East

Sunday, September 16th, 2018

Courtesy NewsIn.Asia Colombo, September 17 (newsin.asia): Sri Lanka, which is  being wooed by both India and China, has adopted a balanced policy in granting road development  contracts in the war-devastated Northern and Eastern provinces. While India is to be given road development projects in the North  in place of the already chosen Chinese company for […]

More >

FUEL PRICE FORMULA

Sunday, September 16th, 2018

By Udaya P Gammanpila Courtesy Ceylon Today The Government constantly increases prices of petrol and diesel every month. When the price of a barrel of crude oil is US$ 68, the Government increased the price of petrol to Rs 149 per litre. It claims that increases are based on the so-called fuel price formula.  Mysteriously, nobody […]

More >

Sri Lanka’s Port of Colombo ranks world’s leading container growth port

Sunday, September 9th, 2018

Courtesy NewsIn.Asia Colombo, Sept 9 (newsin.asia) – Sri Lanka’s Port of Colombo ranked the world’s leading container growth port among the top 30 container ports for the first half of 2018, according to international rating agency, Alphaliner, the Ports and Shipping Ministry said in a statement Sunday. According to the rating, the Port of Colombo has recorded […]

More >

India to supply 160 railway passenger coaches worth US$ 82.64 million to Sri Lanka

Saturday, September 8th, 2018

Courtesy NewsIn.Asia Colombo, September 8 (DDNews): An agreement to supply160 railway passenger coaches custom-made in India, was signed between RITES Limited of India and Sri Lankan government in Colombo on September 7. The US 82.64 million contract is part of a line of credit agreement for procurement of railway rolling stock and upgrading of rail […]

More >

Chinese enters Lankan market as a language of communication

Saturday, September 8th, 2018

Courtesy NewsIn.Asia Colombo, September 8 (newsin.asia): Is Chinese beginning to replace Tamil in promoting products or serving customers in the Sri Lankan market? Looking at the Anchor butter packet being sold in the Sri Lankan market one might begin to think so. Packets of Anchor butter, imported from Fonterra Brands in New Zealand, now carry  […]

More >

US$ 9 million from USAID for Small and Medium Sized Enterprises in Sri Lanka

Friday, September 7th, 2018

Courtesy NewsIn.Asia Colombo, September 7 (newsin.asia): The U.S. Agency for International Development (USAID), with the USAID Development Credit Authority (DCA), Hatton National Bank PLC and Sampath Bank PLC have announced a new partnership for a program of up to US $9 million for local financing available to private, micro-, small-, and medium-sized enterprises (MSMEs) throughout […]

More >

Terms of Reference for setting up Indian Ocean Rim Association Working Group on Maritime Security finalized

Friday, September 7th, 2018

Courtesy NewsIn.Asia Colombo, September 7 (newsin.asia): The member States of the Indian Ocean Rim Association (IORA) met in Colombo on  September 4 and 5 and finalized the Terms of Reference (ToR) to set up a  Working Group on Maritime Safety and Security. At the 17th Council of Ministers held in Durban, South Africa in 2017, it […]

More >

Western funding agencies make a beeline for Lanka to counter China’s influence

Thursday, September 6th, 2018

Courtesy NewsIn.Asia Colombo, September 6 (newsin.asia): Funding agencies affiliated to the Western nations and their allies, Japan and South Korea, are now making a beeline for Sri Lanka to counter growing Chinese developmental assistance to it. Representatives of leading international donor agencies, including Japan International Cooperation Agency (JICA), World Bank (WB), Asian Development Bank (ADB), […]

More >

Penalty for cancelling Airbus deal accounts for 33% of UL losses

Monday, September 3rd, 2018

By Rathindra Kuruwita Courtesy The Island SriLankan Airlines has paid Rs. 18.8 billion as part of a penalty for the cancellation of the four Airbus A350-900 leases in the 2015/2016 and 2016/2017 financial years, Presidential Commission of Inquiry (PCoI) on irregularities at SriLankan Airlines, SriLankan Catering and Mihin Lanka was told yesterday. Yasantha Dissanayake, the Head […]

More >

Sri Lanka: Oil Exploration In Eastern Seas Begins

Monday, September 3rd, 2018

By Eurasia Review Petroleum exploration activities in the eastern seas, covering Trincomalee and Batticaloa, began Sunday with the arrival of a vessel of the BGP Marine seismic fleet (02). Accordingly, the research vessel BGP-Pioneer sailing under the flag of Panama to commence will acquire two-dimensional seismic data in the selected offshore areas of the island. The […]

More >

Singapore FTA SL and other’s garbage

Sunday, September 2nd, 2018

By Shivanthi Ranasinghe Courtesy Ceylon Today Last week United National Party Matale district Parliamentarian Rohini Kaviratne, in an interview to this newspaper, makes couple of notable comments.  Her thinking is not unique and the views she holds are common to many who support party politics. This refusal to discuss the real issues with insightful analysis or […]

More >

Fuel price formula is a myth – Prof. Premlal de Silva

Sunday, September 2nd, 2018

By Charunya Rajakaruna Courtesy Adaderana Although they say that there is a pricing formula for fuel price revision, there is no such price formula, stated Prof. Premalal de Silva addressing a media conference held today (02). There have been several fuel price revisions by mentioning a price formula, however, when considering the revisions made, it can be […]

More >

DOES AEROFLOT STILL USE RUSSIAN PLANES?

Saturday, September 1st, 2018

MATTHEW Courtesy live and lets fly I have three problem airlines” at Award Expert, airlines that clients are very hesitant to fly. The first is Turkish Airlines. I have made the case for why Turkish is safe and a slam-dunk choice, but the resistance continues. The second is EgyptAir. I went out of my way to fly EgyptAir recently, ready to either […]

More >

Unequal partners in trade agreements

Saturday, September 1st, 2018

by Lakshman I. Keerthisinghe Courtesy Ceylon Today Not only must we fight to end disastrous unfettered free trade agreements with China, Mexico, and other low wage countries, we must fight to fundamentally rewrite our trade agreements so that American products, not jobs, are our number one export. -Bernie Sandersp (American Politician) There has been much criticism […]

More >

Sri Lanka’s popular clothing store ‘Cotton Collection’ divests to ODEL

Tuesday, August 28th, 2018

Courtesy NewsIn.Asia Colombo, Aug 28 (newsin.asia) – Sri Lanka’s popular clothing store, Cotton Collection Private Limited divested its shares to ODEL PLC on Tuesday after the brand was bought over by the Softlogic Group. The much sought-after brand was bought by the Softlogic Group as it was the perfect fit for their well-established, diverse retail network […]

More >

Sri Lanka aims to attract global investments to emerge as dynamic trading hub

Tuesday, August 28th, 2018

by Jamila Najmuddin Courtesy NewsIn.Asia Colombo, Aug. 28 – Sri Lanka hoped to attract more Chinese investments under the Belt and Road Initiative and aimed to increase trade and investment ties with other global partners in order to emerge as a dynamic trading hub, a Sri Lankan minister said on Monday. State Minister of National Policies […]

More >

Việt Nam welcomes Monsanto ruling: Foreign ministry

Sunday, August 26th, 2018

Viet Nam News Update: August, 24/2018 – 07:00 HÀ NỘI — Việt Nam welcomed San Francisco’s landmark verdict against Monsanto and called upon the company to pay compensation for Agent Orange victims in Việt Nam, deputy foreign ministry spokesperson Nguyễn Phương Trà told a press briefing in Hà Nội on Thursday. The verdict serves as a […]

More >

Sri Lanka Aims To Develop Largest South Asia Container Terminal

Saturday, August 25th, 2018

By Eurasia Review Sri Lanka’s government will develop the Colombo Port’s East Container Terminal (ECT) to be the largest and deepest container terminal in South Asia without any foreign funding, Ports and Shipping Minister Mahinda Samarasinghe said Thursday. He said he would submit the proposal and blueprint of the development plan to the Cabinet shortly. The […]

More >

China aims to build houses, roads in Sri Lanka’s north

Friday, August 24th, 2018

Courtesy Adaderana China wants to build houses and roads in Sri Lanka’s north, much of which is in a state of disrepair nearly a decade after the end of civil war, Chinese and Sri Lankan officials said, in a bid to expand it influence beyond the island’s south. China’s latest push in the Indian Ocean […]

More >

Sri Lanka was not ‘forced’ to accept Chinese loans – envoy

Thursday, August 23rd, 2018

Courtesy NewsIn.Asia Beijing, Aug 23 – Sri Lankan Ambassador to China Karunasena Kodituwakku on Wednesday strongly pushed back recent media reports criticizing Chinese investments in his country, saying that Sri Lanka was not forced to accept investments and loans from China and wants to continue cooperation with China under the Belt and Road (B&R) initiative. […]

More >

Sri Lanka renews search for investor for national air carrier

Tuesday, August 21st, 2018

Courtesy NewsIn.com Colombo, Aug 21 (newsin.asia) – The Sri Lankan government will renew its search for an investor for its national air carrier, Sri Lankan airlines within the next three months through public call for offers, Advisor to the Finance Ministry, Mano Tittawella said Tuesday. In a local media report, Tittawella said the public private […]

More >

Chinese projects steam ahead in Sri Lanka

Monday, August 20th, 2018

Courtesy NewsIn.Asia Colombo, Aug 20 (Daily FT) – China is confident of completing their multiple investments in southern Sri Lanka with the fourth phase of the highway from Mattala Airport to the Hambantota Port and the Matara-Beliatta railway extension likely to be completed by January 2019, top officials said. The railway project, funded by a […]

More >

Gearing Hambantota Port to be number one in the region

Saturday, August 18th, 2018

Just about six months into its operations, and the Hambantota port is gearing up to become the No. 1 port in the region. A combination of factors, carefully designed and put together is set to propel this port to the top slot in the maritime world map; a place well deserved considering the port’s unique […]

More >

More and more countries are having their banknotes printed in China

Monday, August 13th, 2018

Courtesy Asianews.it Since the start of this year, the printing presses of state-owned companies are working at full capacity. Company sources are saying that only a small part of their work is printing yuan. Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland are among the countries that rely on China. Currency is a symbol […]

More >

සිංගප්පූරු ගිවිසුමට අදාළ ගැසට් නිවේදනය අත්හිටුවන්නැයි ජනපති නියෝග කළ යුතුයි

Monday, August 13th, 2018

ඉෂාරා සිල්වා , උදයන්ති මුණසිංහ උපුටාගැණීම  මව්බිම සිංගප්පූරු වෙළෙඳ ගිවිසුමට අදාළව නිකුත් කර ඇති ගැසට් නිවේදන අත්හිටුවමින් රේගු අධ්‍යක්ෂ ජනරාල් වෙත නියෝගයක් නිකුත් කරන්නැයි ඒකාබද්ධ විපක්ෂය නියෝජනය කරන පාර්ලිමේන්තු මන්ත්‍රි ආචාර්ය බන්දුල ගුණවර්ධන ජනාධිපතිවරයාගෙන් ඉල්ලීමක් කරයි. ජනාධිපතිවරයා විසින් සිංගප්පූරු ගිවිසුම සම්බන්ධයෙන් විද්වත් කමිටුක් පත්කිරීම පිළිබඳ බෙහෙවින් සතුටු වන නමුත් අශ්වයා පැන ගියාට පසු ඉස්තාලය වසා වැඩක් […]

More >

සිංගප්පූරු ගිවිසුමට මෛත්‍රි අත ගහයි

Monday, August 13th, 2018

උපුටාගැණීම  මව්බිම ශ්‍රී ලංකා – සිංගප්පූරු නිදහස් වෙළෙඳ ගිවිසුම පිළිබඳ විශේෂ අධ්‍යයනයක් කොට වාර්තා කිරීම සඳහා ජනාධිපති මෛත්‍රිපාල සිරිසේන මහතා ස්වාධීන විශේෂඥයන්ගෙන් සැදුම්ලත් කමිටුවක් පත් කොට තිබේ. මෙම ගිවිසුම සම්බන්ධයෙන් විවිධ පාර්ශ්වයන්ගෙන් ජනාධිපතිවරයා වෙත ලැබී ඇති අදහස් සලකා බලමින් මෙම කමිටුව පත් කර ඇත. කොළඹ විශ්වවිද්‍යාලයේ හිටපු උප කුලපති, විශ්‍රාමලත් ආර්ථික විද්‍යා මහාචාර්ය ඩබ්ලිව්.ඩී. ලක්ෂ්මන් […]

More >

මත්තල විකිණීම: පට්ට ඇත්ත සහ පට්ටපල් බොරු

Saturday, August 11th, 2018

 විමල් වීරවංශ ඒකාබද්ධ විපක්‍ෂයේ පාර්ලිමේන්තු මන්ත්‍රි නිමල් සිරිපාල ද සිල්වා වැනි තමාට වැඩ බැරි බව පිළිගනිමින් තමා යටතේ පවතින උපාය මාර්ගික වශයෙන් රටට ඉතා වැදගත් ආයතනයක් විකුණා දැමිය යුතු යැයි මහජනයාට කියන ඇමැතිවරයකු ගැන විශේෂයෙන් කතා කිරීමට දෙයක් නැත. නමුත් නීතිඥවරයකු වන ඔහු අදාළ පනත සංශෝධනය කොට මත්තල ගුවන් තොටුපොළ සමාගම පිහිටුවා එම සමාගමේ කොටස්වලින් […]

More >

Indian envoy points to “substantial advantageous” to Sri Lanka if it links up with India’s fast growing economy

Tuesday, August 7th, 2018

Courtesy NewsIn.Asia Colombo, August 7 (newsin.asia): The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, stressed the substantial” advantages that Sri Lanka will have if it links up with India, which is the sixth largest and the fastest growing major economy in the world today. Addressing the Sri Lanka-India Society (SLIS) at a function […]

More >

Copyright © 2018 LankaWeb.com. All Rights Reserved. Powered by Wordpress