Nigeria’s biggest cement producer to cut 20% output due to flood of Asian imports

Published : 12:07 am  December 12, 2012  |  Category: Other Sectors  |  Leave a Comment  |  254 views  |  

Reuters: Nigeria’s biggest cement maker Dangote Cement said it had shut down a fifth of its production capacity because of a glut in the market caused by imported cement from Asia. Dangote Cement has around 20 million tons of production capacity across four cement plants in Nigeria. But it has temporarily closed its 4 million ton plant at Gboko, central Nigeria, due to low sales and high inventories, spokesman Anthony Chiejina said.  Read More →

National Integrity Awards recognise anti-corruption efforts

Published : 12:03 am  December 12, 2012  |  Category: Other Sectors  |  Leave a Comment  |  719 views  |  

By David Ebert The ninth consecutive National Integrity Awards was held last week to coincide with the United Nations Anti-Corruption Day which falls on 9 December annually. The award, which is given away to individuals and organisations as recognition of their silent service in anti-corruption activities and their role in supporting good governance and accountability, felicitated two individuals and a grassroots organisation from Ratnapura for their efforts.  Read More →

Civil society’s role in the anti-corruption movement

Published : 12:03 am  December 12, 2012  |  Category: Other Sectors  |  Leave a Comment  |  329 views  |  

Attorney-at-Law Arittha Wickramanayake was the Guest of Honour at the presentation of the National Integrity Award 2012 organised by TISL last week. Following is the full text of his speech:   Let me begin by thanking all those at TISL for having invited me here as the Guest of Honour to this event: the National Integrity Awards, which is a key function in the Anti Corruption Program of TI.  Read More →

Seylan Bank offers super interest rates with more benefits for fixed deposits

Published : 12:00 am  December 11, 2012  |  Category: Other Sectors  |  2 Comments  |  2,092 views  |  

Seylan Bank, truly exemplifying their motto the ‘Bank With A Heart’, takes immense pleasure in increasing their fixed deposit rate with more benefits. The enhancement has been given to maximise the benefit to customers who wish to invest their hard earned funds and enjoy decent returns.  Read More →

ICRA Lanka affirms issuer rating of AAA of ICICI Bank Sri Lanka branch

Published : 12:00 am  December 11, 2012  |  Category: Other Sectors  |  1 Comment  |  689 views  |  

ICRA Lanka, a wholly owned subsidiary of ICRA, an associate of Moody’s Investors Service, has reaffirmed the Issuer Rating of (SL) AAA (pronounced SL triple A) of ICICI Bank (Sri Lanka branch). This is the highest-credit-quality rating assigned by ICRA Lanka and the rated entity carries the lowest credit risk. The rating in Sri Lanka is assigned on an eight-point scale developed specifically for the country, and ranges from ‘(SL) AAA’ to ‘(SL) D’. This rating scale ranks the relative default risk associated with issuers in Sri Lanka.  Read More →

Hellmann Worldwide Logistics announces Global Green Initiatives at SLDF 2012

Published : 12:00 am  December 10, 2012  |  Category: Other Sectors  |  Leave a Comment  |  540 views  |  

Hellmann Worldwide Logistics, one of the world’s largest logistics providers and Sri Lanka Design Festival’s Official Logistics Partner for 2012, promotes Green Fashion Logistics through closer supply chain integration.  Read More →

EU regulatory cloud worries centuries-old Baltic ship exchange

Published : 12:00 am  December 10, 2012  |  Category: Other Sectors  |  Leave a Comment  |  271 views  |  

Baltic says shipping should be seen as a unique market China dry freight indices among potential threats LONDON (Reuters): European plans to tighten financial market regulation are raising commercial worries for London’s Baltic Exchange, which has shaped global shipping business for centuries but now faces potential challenges from new rivals.  Read More →

Impeachment of the CJ: Did she get a fair trial?

Published : 12:00 am  December 10, 2012  |  Category: Other Sectors  |  Leave a Comment  |  328 views  |  

By K.D.C. Kumarage Some citizens including lawyers have filed petitions in the Court of Appeal seeking writs restraining the Parliamentary Select Committee (PSC) from inquiring into allegations mentioned in the impeachment motion submitted to parliament by some Member of Parliaments (MPs). The court of appeal has referred them to the Supreme Court (SC) since there is a Constitutional problem involved.  Read More →

Lloyd’s Register expands in food sector

Published : 12:00 am  December 10, 2012  |  Category: Other Sectors  |  Leave a Comment  |  388 views  |  

In talks with major soft drinks and fast food companies Group also investing in other sectors LONDON (Reuters): Lloyd’s Register, the world’s oldest ship classifier, is expanding in the faster growing food safety and certification sector partly to dilute its exposure to the volatile shipping business, its chief executive said.  Read More →

Seminar on opportunities for Lankan firms in integrating into Indian supply chains

Published : 12:00 am  December 10, 2012  |  Category: Other Sectors  |  Leave a Comment  |  555 views  |  

‘Integrating Sri Lankan industries into the Indian supply chains’ a seminar organised by the Pathfinder Foundation (PF), an independent economic think-tank today at the BMICH from 2:30 p.m. to 5:30 p.m.  Read More →

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