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Tuesday, 08 August 2017 06:04

1,000 MW in new power plants up for grabs

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The Power and Energy Ministry has begun the process of procuring power up to 1,000 MW to meet the demands of the Long-Term Generation Expansion Plan (LTGEP). The Power and Energy Ministry has begun the process of procuring power up to 1,000 MW to meet the demands of the Long-Term Generation Expansion Plan (LTGEP). 

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Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles and Hino trucks in Sri Lanka, recently supplied the Ceylon Petroleum Storage Terminals Limited (CPSTL) with 10 brand-new Hino Prime Mover units.

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A huge sub-sector within Sri Lanka’s crucial Small and Medium Enterprises (SME) that directly impacts national food supply and security is being positioned for exports. Encouraged by raging exports in this sector, Sri Lanka has begun work on the country’s first ever international standard food testing and safety centre that directly focuses even the village food producers in the country. 

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The Executive Board of the International Monetary Fund (IMF) considered a joint IMF-World Bank staff paper on the standards and codes (S&C) initiative in line with the initiative’s requirement for periodic reviews.

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Ceylon Electricity Board (CEB) faced severe challenges due to dry weather condition prevailed in the country from the latter part of 2016. Hence, an operating loss of Rs. 16,590 million in the first four months of 2017 has been recorded compared to the operating loss of Rs. 5,781 million recorded in the same period of 2016. Cost per unit without Tax has increased to Rs. 20.28 per kWh in the first quarter of 2017 over Rs. 17.54 per kWh recorded in 2016.

Friday, 04 August 2017 07:09

Cautious CB keeps rates intact

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The Central Bank yesterday kept rates steady predicting slowing inflation, potentially lower interest rates and subdued growth prospects for 2017 but called for the private sector to invest and have confidence in the domestic market.

Friday, 04 August 2017 07:06

Swim-Wall and Meubel House: a natural fit

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Furniture and swimwear may sound like an odd coupling at first, but when showcasing high-end fashion design at the retail level, utilising the right conceptual space can do wonders in terms of presentation, for an item of clothing as intimate as a swimsuit.

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Bank of Ceylon celebrates 78 year in service this year becoming the first and the only Sri Lankan single business entity to earn Profit before Tax (PBT)of Rs 25.3 Billion for 2015 and Rs 31.6 Billion for 2016, a top official of the bank said.

Thursday, 03 August 2017 18:54

Sri Lanka’s export earnings expanded

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Sri Lanka’s export earnings expanded in May by 7.8 percent to US$ 841 million, on an year-on-year basis, however during the first five months of the year, exports declined recording slow growth, Central, Bank additional director of economic research W Dilrukshini said.

Thursday, 03 August 2017 08:14

Cabinet nod for new trade policy

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Government to undertake large-scale reforms and restructuring under NTP

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