Lafarge partners ICTAD for capacity building of construction craftsmen

Published : 12:13 am  September 17, 2014  |  Category: Other Sectors  |  Leave a Comment  |  95 views  |  

The Institute for Construction Training and Development (ICTAD) and Lafarge Mahaweli Cement Ltd. (Lafarge) recently signed a Memorandum of Understanding (MoU) to develop skill levels and competencies of masons in housing construction, in order to meet the required standards for sustainable construction practices on a pilot basis. The MoU was executed at the ICTAD Head Office at Savsiripaya, Colombo 07, officiated by Lafarge Managing Director Anurag Kak and ICTAD Director General Archt. H.K. Balachandra. In line with ICTAD’s effort to maintain standards for the construction industry, as the sole government regulation body in the construction sector, Lafarge has implemented this program as an... 

Industry experts endorse NDFOS sun control window film

Published : 12:12 am  September 17, 2014  |  Category: Other Sectors  |  Leave a Comment  |  103 views  |  

The state of the art NDFOS sun control window film which was launched in the Sri Lanka market recently by GlassGard Ltd has attracted positive comments and remarks from experts and stakeholders involved in the design and construction of residential and commercial properties. “I have observed NDFOS sun control film reduces up to 80% of heat ingress from the glass surfaces of a building which provides a direct saving of 30% of air conditioning costs resulting in a short payback period for the investment in sun control window film,” said Pandu Amerasinghe, Consultant – Air Conditioning & Refrigeration and Immediate Past President of the American Society of Refrigerating Engineers (ASHRAE). Incorporating... 

Sri Lanka Wood International Expo 2014 in October

Published : 12:12 am  September 17, 2014  |  Category: Other Sectors  |  Leave a Comment  |  57 views  |  

From 3 to 5 October Futurex is to hold the second edition of the Sri Lanka Wood International Exhibition 2014 from 3 to 5 October at BMICH, Colombo. The expo is supported by the Ministry of Industry and Commerce. Sri Lanka Wood Exhibition as the name suggests is a focused exhibition of the wood industry and will showcase the latest technologies and trends in the world along with the machines and finished products related to the wood Industry. There will be multiple workshops on the use of latest machines, tools and products bringing together the entire industry on one platform. Futurex Trade Fair and Events, by organising Sri Lanka Wood, focusses to accelerate the growth of the wood industry... 

World stocks hit one-month low, focus on Fed

Published : 12:09 am  September 17, 2014  |  Category: International  |  Leave a Comment  |  127 views  |  
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Reuters: Global shares slipped to a one-month low on Tuesday as markets braced for a Federal Reserve meeting, when investors will be looking for clues on whether the U.S. central bank could raise interest rates sooner than previously expected. The MSCI world equity index, which tracks shares in 45 countries, was down 0.2% after hitting its lowest level since mid-August earlier in the session. In Europe, the benchmark FTSEurofirst was down 0.4%. Speculation that the Fed could raise interest rates sooner and faster than previously expected has rattled share markets around the globe and supported the U.S. dollar. “The Fed is moving from a position of outright support, as we saw in the years after... 

India says to defend China border after standoff ahead of Xi visit

Published : 12:07 am  September 17, 2014  |  Category: International  |  Leave a Comment  |  120 views  |  
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Reuters: India said on Tuesday it would firmly defend its 3,500-km-long border with China after domestic media reported a new face-off on the disputed frontier, just days ahead of a visit by President Xi Jinping. More than 200 soldiers of the People’s Liberation Army crossed into what India considers its territory in Ladakh in the western Himalayas last week, and used cranes, bulldozers and a Hummer vehicle to build a 2-km road within it, the Hindustan Times said. Indian soldiers challenged the Chinese troops and asked them to withdraw, the newspaper said. Then, on the night of 10 September, soldiers demolished a temporary track built by Chinese forces. There was no immediate comment by India’s... 

Lanka Hospitals, Chinese Embassy to provide 1,000 free cataract surgeries

Published : 12:27 am  September 16, 2014  |  Category: Healthcare  |  Leave a Comment  |  1 views  |  
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For underprivileged patients Sri Lanka’s leading health care provider, Lanka Hospitals, in partnership with the Embassy of China and a coalition of Chinese enterprises based in Sri Lanka, will be gifting 1,000 free cataract surgeries to cataract patients in Sri Lanka. This extraordinary and generous undertaking coincides with the visit of the Chinese President to Sri Lanka from 16 to 17 September, on an invitation by President Mahinda Rajapaksa, marking the first such visit by a Head of State of China to Sri Lanka in 28 years. Registrations for the cataract surgeries closed on 12 September and the surgeries are being carried out from 13th onwards over a period of one week, offering a golden... 

Sri Lanka-China to negotiate FTA during historic Chinese President’s visit

Published : 12:19 am  September 16, 2014  |  Category: Front Page  |  4 Comments  |  1,455 views  |  

Sri Lanka and China in recent years have developed increasingly closer economic and trade relations and a proposed free trade agreement (FTA) between the two countries will boost Sri Lanka’s future development, according to the government of Sri Lanka. Both Sri Lanka and China anticipate that Chinese President Xi Jinping’s visit to the island today, a first by a Chinese head of state in 28 years, will expand cooperation and cement the ties in trade and economy between the two countries. During President Rajapaksa’s state visit to China in May 2013 both leaders agreed to elevate the bilateral relations to a ‘Strategic Cooperation Partnership’, by substantially expanding the mandate for... 

Bourse dips on profit taking

Published : 12:19 am  September 16, 2014  |  Category: Front Page  |  Leave a Comment  |  584 views  |  

Reuters: Stocks fell on Monday from a more than three-year closing high hit in the previous session, as investors booked profits mainly in diversified and financial stocks in an overbought market, while foreign investors sold risky assets. The main stock index fell 0.61%, or 43.71 points, to 7,174.97, slipping from its highest close since 10 June 2011 hit on Friday. “The market is down with some selling pressure on big cap counters which have gone up recently. There was profit-taking,” said First Capital Equities Ltd. Research Manager Dimantha Mathew Brokers said the market would continue its bullish run with foreign buying, low interest rates and good earnings expectation, despite profit-taking... 

Rupee ends firmer

Published : 12:18 am  September 16, 2014  |  Category: Front Page  |  1 Comment  |  427 views  |  

Reuters: The rupee ended firmer on Monday, recovering from the previous session’s near-seven-week low as remittances and dollar sales by exporters helped boost the local currency amid a lack of importer demand for the greenback, dealers said. The rupee ended at 130.27/29 per dollar, compared to Friday’s close of 130.29/31, its lowest close since 21 July. “The (importer) demand which we have seen last few days is not there and we have seen some exporter (dollar) conversions and remittances,” said a currency dealer, asking not to be named. Dealers said there has been a pick-up in imports ahead of the 2015 Budget scheduled for November, but they expect the rupee to appreciate in the long... 

GDP up 7.8% in second quarter; services sector lags

Published : 12:18 am  September 16, 2014  |  Category: Front Page  |  Leave a Comment  |  480 views  |  

The country’s Gross Domestic Product (GDP) expanded by 7.8% in the second quarter of 2014 compared to 7.6% in the same period last year, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released yesterday. The total economic output in Sri Lanka, measured by the GDP for the second quarter 2014 from April to June was Rs. 840.653 billion recording a positive growth rate of 7.8% compared to the second quarter of 2013 which was estimated as Rs. 779.974 billion, according to the Census and Statistics Department. The three main contributors to the economy recorded significant growth for the quarter. The Agriculture Sector contributed 10.6% to the... 

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