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Saturday 18 August 2018
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Category: Business

More Facilities to Mushroom growers

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The Agricultural Department said that, more facilities will be given mushroom producers and that, the mushroom producers who had not registered themselves with the department register themselves....

Laugfs acquires second LPG ship for US $ 6mn

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Laugfs Maritime Services (Pvt) Limited, the fully owned logistic arm of Laugfs Gas PLC, recently announced the acquisition of their second LPG ship to provide logistic support for the growing LPG...

Wigneswarn opens Grinding Factory in Mannar

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Chief Minister of the Northern Province Wigneswaran declared open a grinding factory in Panamkatty Kottu East in Mannar yesterday. The beneficiary will be Women Development Society. Provincial...

Yala cultivation did not yield expected profits, says Kilinochchi farmers

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Kilinochchi farmers said that they were unable to get expected profits in the Yala Cultivation. Excessively hot climate, diseases that afflicted the paddy plants and the heavy rains experienced...

Herbal gardens to be established in several areas in North

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Herbal gardens similar to the one created at Kalmadhu Town should be established at several areas in the Province, said the CM,NPC, C.V.Wigneswaran, after opening a Sidtha Ayurvedic exhibition at...

Seed paddy gifted to 128 farmers in Mullaitheewu

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128 famers in Mullaitheewu were gifted seed paddy at an event held at Oddysuttan Agriculture Training Centre.   The seed paddy were distributed under the patronage of the Northern Provincial...

Maize cultivation in Jaffna, Successful

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The Agricultural Research centre of the Jaffna District that the experimental cultivation of drought –surviving Maize cultivation had been successful. The International Maize Research Institute had...

Why desalinization is inappropriate for Sri Lanka?

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Eng. M. Sooriyasegaram We have plenty of water in Sri Lanka. In fact we have more water in Sri Lanka than we need for drinking, domestic uses, industrial uses and for agriculture. We have sufficient...

Bumper harvest of green gram in Mannar

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A bumper harvest of green gram is reported from Mannar. Northern Provicne Agriculture Minister Aynkaranesan participated in a special event held in Nanatan in Mannar. The yield is estimated as 400...

Kilinocchchi Sugar-cane farmers trained in production of Jaggery and syrup by Udawalawe Sugar Cane Research Centre

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10 members of the sugar cane cultivators Society from the areas of Anaivilunthan and Vannery were given a one week’s training in the production of  jaggery and syrup, by the Sugar Cane Research...

149 of the 158 from the majority race Agricultural Assistants transferred out of North

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149 of 158 Sinhalese Agricultural Assistants were transferred out of North and action will be taken to appoint local people, said  the Minister of Agriculture, NPC, Ainkaranesan. This situation had...

Regulating Petroleum

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The new Ceylon Petroleum Corporation (CPC) Act which is expected to bring in far-reaching changes, is in the limbo with intensifying political hurdles and the Government might not be able to enact...

Ceylinco Life begins search for 160 more young achievers for Pranama schols

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As the search begins for candidates for the next batch of ‘Pranama’ scholarships presented annually by Ceylinco Life, Sri Lanka’s life insurance leader has announced an increase in the value of...

Cinnamon hotels & Colombo university launched leisure management

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Cinnamon Hotels & Resorts together with the John Keells Foundation announced their partnership with the Management and Finance Faculty, University of Colombo (UOC) for the successful...

Potatoes and onions to increase the import tax

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Accordingly, the tax on imported potato a Kila rupavilintu 40 to 25 rupees and 35 rupees from 30 rupees to the largest onion increased. While the start of the harvests of potatoes and big onions,...

Google unveils surprise restructuring under Alphabet

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Under the rebranding, Google will retain its best-known businesses, such as search, apps, YouTube and Android.Some of the newer entities, such as the investment and research divisions, the...

Ranil promises to develop Oluvil harbor as fisheries harbor

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United National Party Leader Ranil Wickremasinghe has promised to develop the Oluvil harbor as fisheries harbor. He stated that the new government would develop Oluvil harbor as a major fisheries...

Over 90% Sinhalese appointed to North as Agricultural Research Production Assistants: Ainkaranesan expresses dissatisfaction

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The NPC Minister of Agriculture Ainkaranesan, expressed his dissatisfaction over the Agricultural Research Production Assistance to appointed recently by the Government to the North. He said that out...

Signing CEPA, an unwise move – COYLE

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Certain Sri Lankan officials who engaged in discussions with India regarding the Comprehensive Economic Partnership Agreement (CEPA), are openly supporting Indian views, while turning a blind eye to...

Sri Lanka’s economic summit 2015 Updates

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The following are highlights of Prime Minister Ranil Wickremesinghe’s presentation at the 2-day annual Sri Lanka Economic Summit organised by the Ceylon Chamber of Commerce which opened in Colombo...

ComBank, Euromoney’s Best Bank in SL

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Euromoney, widely considered as one of the world’s leading financial magazines, has adjudged Commercial Bank of Ceylon PLC as the Best Bank in Sri Lanka in 2015 at the magazine’s Asia...

Road and rail link between Rameswaram and Thalaimannar soon

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A road and rail link between India’s Rameswaram and Sri Lanka’s Thalaimannar could be a reality soon as the government of India has asked Asian Development Bank to carry out...

Fuel supply at Lanka IOC’s Trincomalee unit records a high of 260 mln litres

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Lanka IOC, a unit of Indian Oil Corporation, is successfully maintaining 16 oil tanks at the Trincomalee tank farm increasing its supply of fuel from 160 million litres during the 2009/2010 financial...

Footwear manufacturing Cooperative for the first time in Jaffna

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A cooperative Society to produce footwear from rubber was inaugurated yesterday in Jaffna. UNDP had provided  3.45 million rupees for the inauguration of this cooperative. Earlier, the Anthran...

Top Japanese insurer takes 6% stake in Ceylinco Insurance

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TOKYO, Thursday — Mitsui Sumitomo Insurance has purchased a stake in Sri Lanka’s Ceylinco Insurance, becoming the first Japanese insurer to make a foray into the island nation with a growing...

Dankotuwa Porcelain to growth 722 million

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Sri Lanka’s tableware exporter Dankotuwa Porcelain is to raise 722 million rupees by way of a rights issue, the company said in a stock exchange filing. Subject to the necessary approvals, the...

Facebook now used by half of world’s online users

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Facebook said the number of people who check into the social network at least monthly grew 13% to 1.49 billion in the three months to the end of June.The number is equal to half of the...

Bank of Ceylon celebrates 75th Anniversary

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Bank of Ceylon, celebrated its 75th milestone in 2014. As part of the 75th Anniversary celebrations, the Bank organised an anniversary walk from Viharamahadevi Park to BOC Head Office. In line with...

Sri Lanka’s tourism sector aims a fortune from Australia

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Sri Lanka Tourism focusing on the top ten source markets for Sri Lanka embarked on the key market- Australia, by staging a road show in Melbourne and then at Sydney Travel and Tourism Fair. Sri Lanka...

Unpaid bills delay road projects

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Construction of roads and highways, a penchant of the Rajapaksa regime, which turned into a well-spring to amass wealth, ran into serious difficulty when the government was left with a hefty...

CAA reviews plans for Mattala Airport

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Experts said the need was only to construct an alternative runway with a small terminal.Chairman, Civil Aviation Authority (CAA), Shibly Aziz (former Attorney General) said the CAA is reviewing plans...

85% of Road Development schemes completed-NPC, Minister Deneeswaran

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85% of the Road Development works for this year had been completed, said the NPC Minister for Road development , Deneeswaran said yesterday. He was speaking in  review meeting of the Project...

President visits Central Bank

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President Maithripala Sirisena visited the Central Bank last Thursday and was welcomed by Governor Arjuna Mahendran, just a week before the country’s leader said he had advised that Mahendran...

Cyber crime, a growing phenomenon

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Cyber security is about building confidence and security in the use of ICT. The need of the hour is the awareness of possible threat and speed of response, Vice President, Certis Integrated Solutions...

Go-slow causes extensive losses to tea companies

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Estate workers launched trade union action demanding a daily wage of Rs. 1,000 which plantation companies have so far refused to agree to owing to the losses they incur due to the rise in cost of...

Finance Minister orders probe into tsunami relief vehicles

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Sri Lankan Finance Minister Ravi Karunanayake has ordered a probe into imports of high-value vehicles for (2005) post-tsunami relief which were allegedly given to third parties without paying taxes...

Sri Lanka and Australia set up a business chamber

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Sri Lanka and Australia have set up a business chamber with the aim to enhance the bilateral trade between the two countries.The Sri Lanka Australia Chamber of Commerce (SLACC) has been launched at...

Jaffna Symposium on ‘Towards Ecological Agriculture’

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Governor of the Northern Province Palihakkara was the Chief Guest at the symposium on the theme ‘Towards an Ecological Agriculture’ held at the Jaffna Library Auditorium on July 3. Northern...

Northern Entrepreneur P.Nadaraja, owner of ‘Anna Coffee’ fame, no more

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A role model entrepreneur, P.Nadarajah passed away yesterday in his 69th year. He rose from scrapes to be an industrialist, providing employment to hundreds of people. He was the founder of the Anna...

Large Stake net fishing method is a new threat in Southern Mannar Island area

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Prof.A.S. Sosai ( Department of Geography, University of Jaffna, Sri Lanka, Email: assoysa@gmail.com; Tel: 0094770842761) Using illegal fishing methods in the form of dynamite, stupefying...

Dharma Dheerasinghe re-elected chairman at Commercial Bank

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Dharma Dheerasinghe was re-elected chairman of the Commercial Bank at its AGM on Monday amidst concerns by shareholders on moves by the Government to replace him. Shareholder M.R. Shah, former banker...

Colombo shares lose down on thin turnover

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Colombo bourse lost ground on Tuesday despite the mild gains yesterday on another lacklustre trading session as most of the investors continued to remain on the  side-lines, assessing the current...

Deniswaran in the US

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Northern Provincial Fisheries Minister B.Deniswaran is in New York participating in an international conference on fisheries and allied fields. He represented Sri Lanka along with others at the...

Salt harvest in Mannar

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The harvest of salt in Mannar, was commenced yesterday ceremoniously. Mohamed Umayin the General Manager of the Manthai Salt Limited, inaugurated the salt harvest for the year 2015. The total...

Iranaimadu – Jaffna Water supply Scheme: Oposition from Kilinochchi Farmers

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The Statement Minister Raub Hakim,that the President had pressurized him complete trhe Kili-Jaffna water supply scheme within 2 years had shocked the farmers, Farmer’s Associations and  other...

Lift Irrigation scheme at Vinayagarpuram at a cost of 23 Million handed over to the people

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A Lift Irrigation scheme initiated by the NPC Ministry of Agriculture constructed at a cost of 23 million was opened by Minister of Agriculture P. Ainkaranesan, and handed over to the people, day...

‘World economy may be slipping into 1930s depression problems’

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London: RBI Governor Raghuram Rajan has asked central banks from across the world to define ‘new rules of the game’ as he warned that the global economy may be slipping into problems...

90 Jaffna women presented with sewing machines

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90 deserving women from different parts of Jaffna were handed over sewing machines under the patronage of Jaffna Rotary Club recently. President of the Club Anuraj chaired. Jaffna Tamil National...

Workshop for Grapes Cultivators

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A workshop for the Grapes cultivators will be held in the Jaffna District Agricultural Department, with a view to renovate the grapes cultivation industry, today, Tuesday. Although the excessive heat...

Boundaries of lagoons in the North to be demarcated

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Coastal conservation Department said the country wide determination of the boundaries of Lagoons are to be demarcated and the first to be done so be the Nanthikadal in Mulaitheevu. This action is...