SECTORSIndonesia Parliament agrees to curb fuel subsidies
JAKARTA (AFP) – Indonesia's parliament on Tuesday approved a bill to stop private cars using subsidised fuels early next year, a move that will cut public spending but increase pressure on inflation.
Fathuma receives prize money from YBI
Fathuma Nisreen, owner of Ramsi Fashion – a small bag and garment making business in Hambantota – has been named the winner of an international competition for young entrepreneurs organised by Youth Business International, a charity under a trust set up by the Prince of Wales.
Watapota to be Guardian Capital Partners
The Board of Directors of Watapota Investments Plc has resolved to propose to its shareholders to change its existing name to Guardian Capital Partners Plc.
Ceylon Biscuits wins at global brand awards
Bags two awards for Munchee and Ritzbury at the World Brand Congress 2010
By Uditha Jayasinghe
Sri Lanka’s corporate sector must focus on building brands to get global focus for the country, says Ceylon Biscuits Limited (CBL).
Fitch affirms Central Finance Company at ‘A+(lka)’; Outlook Stable
FITCH Ratings Lanka affirmed Central Finance Company PLC’s (CF) National Long-term rating at ‘A+(lka)’. The agency has also assigned an ‘A(lka)’ rating to CF’s proposed subordinated debt issue of Rs. 500m with a tenure of five years. The Outlook is Stable.
Coca-Cola renews exclusivity agreement with EAP
Coca-Cola Beverages Sri Lanka Limited (CCBSL) renewed their significant exclusivity agreement with EAP for another three years.
S.Africa eases exchange controls to offset inflows
JOHANNESBURG (Reuters) – South Africa has eased exchange controls further to let local institutions invest more abroad in an attempt to offset a surge in foreign inflows which have strengthened the rand.
Asia stocks rise on China growth, Fed to assess easing
.jpg)
SINGAPORE (Reuters) – Asian stocks advanced on Tuesday, supported by optimism that China would shun aggressive measures to curb inflation that could inhibit its strong economic growth or blunt its voracious demand for raw materials.
PATA names 2011 ‘Face of the Future’ finalists
Bangkok: Following an online vote by members, PATA announced the five finalists for the 2011 ‘Face of the Future’ competition.
ECB eyes seeking capital hike
.jpg)
FRANKFURT (Reuters) – The European Central Bank is considering requesting an increase in its capital from euro zone member states, euro zone central bank sources told Reuters, as a cushion against any potential losses from its bond buying.
• 
