DKNY show at New York Fashion Week

Published : 12:01 am  September 11, 2013  |  Category: Other Sectors  |  Leave a Comment  |  559 views  |  

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Gem and Jewellery Association honours Macky Hashim

Published : 12:01 am  September 11, 2013  |  Category: Other Sectors  |  Leave a Comment  |  836 views  |  

The Sri Lanka Gem and Jewellery Association (SLGJA) recently honoured Past President of the association Deshabandu Macky Hashim (third from right) for his dedicated service rendered to the association, over many years. Here Macky Hashim with the award. Senior Minister for International Monetary Cooperation and Deputy Minister of Finance Dr. Sarath Amunugama, National Gem and Jewellery Authority Chairman Amitha Gamage, Sri Lanka Export Development Board Director Yoosuf  Marikkar, Ruben Bindra, SLGJA   Chairman A.P. Jayarajah and FACETS  Organising Committee Chairman Juzar Adamaly were also present. – Pic by Ruzaik Farook  Read More →


Sri Lanka’s textile exports to India jumps by over 40%

Published : 12:01 am  September 11, 2013  |  Category: Other Sectors  |  Leave a Comment  |  732 views  |  

According to the Department of Commerce, total Indo-Lanka trade in 2012 stood at $ 4.086 billion. During January-June 2013, exports from Sri Lanka to India stood at $ 279.17 million while imports from India were at $ 1,465.65 million, showing a declining trend in imports from India. India’s appetite for Sri Lanka apparels and textiles too has grown steadily. Last year, India was the eighth buyer country of Sri Lanka textiles and garments with $ 64 million, a threefold increase from 2008. Last year India became the 10th buyer country of world famous Sri Lanka apparel, purchasing $ 39 million worth of apparel, which was a strong 44% increase from 2011. In 2012 India was also ranked the second... 


Microsoft wins patent trial against Google’s Motorola

Published : 12:00 am  September 6, 2013  |  Category: Other Sectors  |  Leave a Comment  |  810 views  |  

REUTERS: Microsoft Corp said on Wednesday a jury decided in its favour in the second of two trials in federal court in Seattle concerning Motorola Mobility’s licensing of so-called standard, essential patents used in Microsoft products. The jury agreed with Microsoft’s claim that phone maker Motorola, owned by Google Inc, broke agreements with standard-setting bodies to license certain patents at a fair and reasonable rate, according to Microsoft. The jury awarded Microsoft about $ 14 million in damages, Microsoft said, about half what the company had asked for. That consisted of $ 11 million for the costs of relocating a warehouse in Germany due to an injunction on certain Microsoft products... 


Panasonic to retreat from consumer smartphones

Published : 12:00 am  September 6, 2013  |  Category: Other Sectors  |  Leave a Comment  |  643 views  |  

REUTERS: Panasonic Corp will pull out of the smartphone market in Japan and pair its smartphone operations to outsourced production in emerging markets like India, the company’s president said on Wednesday. The Japanese electronics company, which has suffered $ 15 billion in losses over its latest two financial years, is staking its turnaround on a transformation from a consumer gadget maker to a supplier for other businesses. The architect of this turnaround plan, Panasonic President Kazuhiro Tsuga, has warned he would weed out any division that fails to meet a 5% operating margin goal within three years. Tsuga told Reuters in an interview that the company’s mobile division was likely to... 


Huawei rules out acquisitions to grow in smartphones

Published : 12:00 am  September 6, 2013  |  Category: Other Sectors  |  Leave a Comment  |  614 views  |  

REUTERS: China’s Huawei will not buy another mobile phone maker, such as Blackberry, to grow its market share in smartphones, senior vice president and board member Chen Lifang said on Wednesday. Analysts’ attention has focused on the future of struggling smartphone makers Blackberry  and HTC Corp after Microsoft agreed to buy Nokia’s handset business on Tuesday. Huawei was linked to Nokia in June when the head of Huawei’s consumer business Richard Yu was quoted by the Financial Times newspaper as saying the company could consider an acquisition such as buying the Finnish group. Huawei played down the report, saying it had no plans to buy Nokia. Chen Lifang said on Wednesday the group... 


Samsung and Qualcomm make foray into smartwatch market

Published : 12:00 am  September 6, 2013  |  Category: Other Sectors  |  Leave a Comment  |  985 views  |  

REUTERS: Samsung Electronics Co Ltd. and Qualcomm Inc unveiled smartwatches on Wednesday, tapping a potential “wearables” market worth an estimated $ 50 billion as the high-end mobile phone market becomes saturated. The companies launched the devices at nearly simultaneous events in Berlin and San Diego, and some analysts immediately questioned whether the devices were too costly, with expected prices near $ 300. Samsung’s Galaxy Gear smartwatch works as an accessory to its market-leading Galaxy smartphone, with a small screen offering basic functions such as photos, hands-free calls and instant messaging. Qualcomm’s “Toq” smartwatch can play music and handle phone calls and messages.... 


Sony unveils new smartphone in bid for top three ranking

Published : 12:00 am  September 6, 2013  |  Category: Other Sectors  |  Leave a Comment  |  819 views  |  

REUTERS: Sony Corp. unveiled a new smartphone on Wednesday in its push to become the world’s third-biggest maker of smartphones after Samsung and Apple. Sony’s Chief Executive Kazuo Hirai told a news conference in Berlin, where Europe’s largest consumer electronics trade show will open its doors this week, the Sony Xperia Z1 will be available in September. “The Xperia Z1 embodies everything Sony has to offer,” said Hirai, who is under pressure from US hedge fund manager Daniel Loeb to split up the company to revive its electronics business. The new waterproof smartphone will come with a 5-inch display and have a 20.7 megapixel rear-facing camera. The company did not give a retail price... 


Construction sector jobs for Lankans in Singapore

Published : 12:00 am  September 4, 2013  |  Category: Other Sectors  |  1 Comment  |  1,076 views  |  

Singapore has taken steps to recruit skilled professionals from Sri Lanka to work in the country’s building and construction sector. Last week, 20 young professionals who were chosen for employment after training were awarded certificates and air tickets to Singapore at a ceremony held at the Sri Lanka Bureau of Foreign Employment, under the patronage of Economic Development Minister Basil Rajapaksa. Foreign Employment Promotion and Welfare Minister Dilan Perera predicted more employment opportunities for young professionals from Sri Lanka in Singapore’s flourishing construction industry. He said talks were underway with employment agents in Singapore to obtain more opportunities for the... 


Milcris sponsors ‘Green Lecture’

Published : 12:00 am  September 4, 2013  |  Category: Other Sectors  |  Leave a Comment  |  1,043 views  |  

Milcris Ltd., a leading construction consultancy project management company with offices in both Sri Lanka and Oman, involved in cost management, quantity surveying, project controls, project management and contract management, sponsored  the ‘Green Lecture,’ a public lecture series conducted by the Green Building Council of Sri Lanka in collaboration with ICTAD. Milcris CEO Millan De Silva and Professor of the Civil and Environmental Engineering Department, Worcester Polytechnic Institute (WPI), USA Prof. Rajib Basu Mallick The company is currently engaged in a wide array of large projects in the residential, education, transportation, water supply, infrastructure, health, logistic facility,... 


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