Brighter idea wanted for ‘A greener tomorrow’ with Emirates

Published : 12:00 am  April 23, 2013  |  Category: Other Sectors  |  Leave a Comment  |  5,068 views  |  

 Emirates opens submission ideas for the ‘A Greener Tomorrow’ initiative Emirates announced today its ‘A Greener Tomorrow’ initiative and has allocated funds of US$150,000 to support environmental or conservation projects. The initiative is open to any established not-for-profit environmental or conservation organisation to support a project with clear environmental outcomes. Funds for the initiative have been raised through internal recycling programmes across the Emirates Group. Emirates recycles more than 5 million kg of materials per annum across various programmes in Dubai.  Read More →


Global property deals seen back above US$ 1 trillion in 2013

Published : 12:56 am  April 17, 2013  |  Category: Other Sectors  |  Leave a Comment  |  530 views  |  

LONDON (Reuters): Global property deals could exceed US$ 1 trillion this year for the first time since 2007, helped by growing confidence in North America and Asia and a greater appetite among sovereign wealth funds for real estate, a report said. Property consultant Cushman and Wakefield said it sees global investment volumes rising 14% in 2013, after increasing to US$ 929 billion in 2012. This would be the highest level since the year before the 2008 financial crisis when investors ploughed US$ 1.25 trillion into property deals.  Read More →


Property investors pick Germany over UK in 2013

Published : 12:56 am  April 17, 2013  |  Category: Other Sectors  |  Leave a Comment  |  455 views  |  

LONDON (Reuters): Germany surpassed Britain as the most attractive European property market in 2013 as fading fears of a euro zone break-up encourage investors to venture back into the bloc, a report showed. A survey by property consultant CBRE Group of 362 investors, including some of the world’s largest fund managers, found that 35% picked Germany as the most appealing market, compared with 24% that chose Britain.  Read More →


US housing recovery gains strength

Published : 12:55 am  April 17, 2013  |  Category: Other Sectors  |  Leave a Comment  |  409 views  |  

NEW YORK (CNN Money): The housing market recovery picked up steam in the final three months of last year, with prices rising at an annual rate of 7.3%, according to S&P Case-Shiller, while a Government report showed sales of new homes also shot up higher. The home price increase marks the third straight quarter of year-over-year gains. The price report covered 20 major housing markets.  Read More →


March housing starts rise to highest since 2008

Published : 12:54 am  April 17, 2013  |  Category: Other Sectors  |  Leave a Comment  |  410 views  |  

WASHINGTON (Reuters): Groundbreaking to build new homes rose in March to the highest level since 2008, adding to evidence of a healthier housing market.  Read More →


Blackstone expands capacity to buy US homes

Published : 12:52 am  April 17, 2013  |  Category: Other Sectors  |  Leave a Comment  |  357 views  |  

FT.com: Blackstone Group, the largest institutional investor in US housing, has expanded its credit line to buy distressed homes to US$ 2.1 billion, according to people familiar with the deal. Deutsche Bank is leading a syndicate of US banks, including J.P. Morgan, Credit Suisse, Bank of America and Goldman Sachs, to increase the US$ 600 million in initial funding that Blackstone secured last year. Blackstone had sought to at least double this credit line. Blackstone and Deutsche Bank declined to comment.  Read More →


Pathfinder Economic BLAST: Changing the pillow to cure the headache

Published : 12:27 am  April 11, 2013  |  Category: Other Sectors  |  2 Comments  |  780 views  |  

Tariff adjustment without restructuring the CEB Welcome public hearing  The Pathfinder Foundation (PF) welcomes the efforts currently underway to address the chronic losses incurred by the CEB; and congratulates the Public Utilities Commission of Sri Lanka (PUCSL) and other stakeholders for conducting a professional Public Hearing. PUCSL is also to be commended for its proactive stance in cutting the costs put forward by the CEB to the tune of Rs. 40 billion.  Read More →


Bribery Chief presiding over private arbitration put in issue in High Court!

Published : 12:25 am  April 11, 2013  |  Category: Other Sectors  |  1 Comment  |  1,072 views  |  

Legal circles already in great turmoil over the impeachment of the Chief Justice are expressing the stern view that the Bribery Chief should also be removed for inappropriate unbecoming conduct as the holder of the highest office as Bribery Commissioner, whose conduct should be above board leaving no room for any perception of suspicion, akin to Caesar’s wife.  Read More →


Cairn India makes 26th oil discovery in Rajasthan

Published : 1:29 am  April 10, 2013  |  Category: Other Sectors  |  Leave a Comment  |  728 views  |  

Cairn India, the company which discovered hydrocarbon deposits in the Mannar basin, on Tuesday announced that it has made the 26th oil discovery in its prolific Rajasthan block in India.  Read More →


Dole addresses Delhi Petrochemical Conclave

Published : 1:28 am  April 10, 2013  |  Category: Other Sectors  |  Leave a Comment  |  900 views  |  

Plastics and Rubber Institute of Sri Lanka President Anver Dole addressed the Petrochemicals Conclave 2013, at the award-winning Leela Kempinski Hotel Gurgaon New Delhi recently, on the invitation of the giant Indian oil corporation, which ranked 83 in the Fortune ‘Global 500’ listing in 2012. With its theme South Asia-land of opportunities, the conclave explored various opportunities available in South Asia for trade in the petrochemical industry along with innovations in technologies and investment.  Read More →


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