US says oil market can cope with more Iran export cuts

Published : 12:00 am  July 2, 2013  |  Category: Other Sectors  |  Leave a Comment  |  335 views  |  

Reuters: The top US energy official said he believed the oil market could cope with any further reduction of Iran’s oil exports from the tightening of sanctions on Tehran over its nuclear program.  Read More →


The sad story of the “Formentera”

Published : 12:00 am  July 2, 2013  |  Category: Other Sectors  |  Leave a Comment  |  957 views  |  

The price of LPG in 2003 was as fundamental to the cost-of-living then as it is today. The Government of that day, in an attempt to break the strangle-hold that Shell, the sole supplier nationwide of LPG, exercised over its consumers invited an international gas supplier Mundogas S.A. into the country with the goal of introducing competition into the market place.  Read More →


Expert panel to speak on ways to reduce electricity and fuel costs

Published : 12:00 am  July 2, 2013  |  Category: Other Sectors  |  Leave a Comment  |  554 views  |  

The recent spiralling of electricity tariffs was estimated to increase the electricity bills of most industrial, hotel and commercial enterprises by about 20% to 30%.  Read More →


Renewables to surpass gas by 2016 in the global power mix

Published : 12:00 am  July 2, 2013  |  Category: Other Sectors  |  Leave a Comment  |  408 views  |  

IEA report sees renewable power increasingly cost-competitive with new fossil-fuel generation, but agency warns against complacencyPower generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said last week n its second annual Medium-Term Renewable Energy Market Report (MTRMR).  Read More →


Correction

Published : 12:19 am  June 26, 2013  |  Category: Other Sectors  |  Leave a Comment  |  666 views  |  

In the story titled, ‘Value Innovation drives 13th CIM Annual Conference’ published yesterday, the picture caption for Chairperson Nadi Dharmasiri was identified as Nestle Lanka Managing Director Ganesan Ampalavanar. The picture caption for SLT Chief Marketing Officer Roshan Kaluarachchi was identified as CIM Honorary President Rohan Fernando. The error is regretted.  Read More →


“Master marketing by experimenting”

Published : 12:05 am  June 26, 2013  |  Category: Other Sectors  |  Leave a Comment  |  681 views  |  

Pleased with improvements the nation has shown after the 30-year war, Indian Institute of Management Professor of Marketing Abraham Koshy observed that those in the field of marketing in Sri Lanka have a highly professional approach. While visiting Sri Lanka on a two-day trip to address the CIM Annual Conference 2013 as the keynote speaker, Koshy spoke to the Daily FT to present his views on how marketing has evolved over the years and what it would be in the future. Having co-authored the book ‘Marketing Management: A South Asian Perspective’ with marketing guru Philip Kotler, Koshy commends the approach used by Sri Lanka’s Dilmah to market its while tea. During his interview, Koshy provided... 


Climate related shocks could slow down Sri Lanka’s economic growth, poverty reduction efforts: WB

Published : 12:35 am  June 20, 2013  |  Category: Other Sectors  |  Leave a Comment  |  912 views  |  

Sri Lanka among other South Asian countries to be hit hard with extreme weather, coastal erosion, rising seas Sri Lanka will be among the South Asian countries hard hit by climate change and this could undermine efforts to overcome poverty and increase economic growth, according to a new scientific report released yesterday by the World Bank Group. An expected 2°C rise in the world’s average temperatures in the next decades will impact island economies such as Sri Lanka with extreme weather and rising sea levels. Visionary political will is needed to change the current trajectory of climate change impacts on growth and poverty reduction efforts. New technological solutions and international... 


Micromax and Think Green partnership to promote e-waste management

Published : 12:00 am  June 19, 2013  |  Category: Other Sectors  |  Leave a Comment  |  1,466 views  |  

Leading Indian mobile handset company Micromax has partnered with Think Green (Pvt) Ltd. in a bid to promote e-waste management in Sri Lanka. Think Green (Pvt) Ltd. Head of Marketing Sivahar Muthuramalingam said, “Mobile phones and batteries are some of the largest contributors of toxic substances to our landfills.  Read More →


Coca-Cola celebrates World Environment Day 2013

Published : 12:00 am  June 19, 2013  |  Category: Other Sectors  |  Leave a Comment  |  840 views  |  

As part of Coca-Cola’s global commitment to sustainability of resources, Coca-Cola Sri Lanka celebrated World Environment Day recently. The company planned its celebrations around environmental conservation and protection by organising a PET collection initiative, a debate competition for students and creating awareness on climate protection.  Read More →


MAS Linea Aqua joins CCC in groundbreaking Rainforest Project

Published : 12:00 am  June 19, 2013  |  Category: Other Sectors  |  Leave a Comment  |  1,209 views  |  

MAS Linea Aqua joined hands with sustainability partner The Carbon Consulting Company (CCC) to inaugurate the company’s latest Corporate Environmental Responsibility initiative.  Read More →


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