Energy

Oil takes breather from losses but oversupply concerns remain

/ Wednesday, 3 August 2016 00:00

Reuters: Oil edged higher on Tuesday after falling by up to 10% in just one week, but investors remained concerned about oversupply weighi...


Govt. to revamp, double refinery capacity - Chandima

/ Wednesday, 3 August 2016 00:00

 Reuters: Sri Lanka plans to upgrade its sole oil refinery and double its capacity to boost output and to reduce the cost of importing refine...


Oil traders lose millions as LPG glut shocks market

/ Tuesday, 26 July 2016 00:06

Reuters: Traders in the liquefied petroleum gas (LPG) market face a “career-ruining” glut that has led to millions of dollars in losses...


The oil industry is losing the burn of Asian demand

/ Tuesday, 26 July 2016 00:03

Asia’s stalling economic growth feeding into lower oil demand Asian tanker crude imports have fallen for 4 straight months ...


Coal prices bounce back this year, but not for good

/ Tuesday, 26 July 2016 00:02

Thermal coal prices on the up after years of decline Rally seen lasting into next year Overall global demand still falling ...


New Philippine energy minister says cannot afford to ditch coal

/ Tuesday, 26 July 2016 00:01

MANILA  (Reuters): The Philippines will retain coal as a core part of its electricity generation mix due to its dependability, though it will ...


Global Resources introduces Sri Lanka’s first-ever remote controlled LED Bulb

/ Tuesday, 28 June 2016 00:03

A creative innovation made in Sri Lanka Global Resources International Ltd. clinches a Sri Lankan first with the introduction of Sri L...


Dutch inventor aims to harness the waves to clean up the seas

/ Tuesday, 28 June 2016 00:02

AFP: The Dutch inventor of a ground-breaking project to remove millions of tonnes of plastics floating in ‘great garbage patches’ in th...


Oil prices fall as Brexit lingers, refined products glut looms

/ Tuesday, 28 June 2016 00:01

Reuters: Oil prices dropped on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in g...


ADMO Solar’s vision to deliver flexible power solutions catering to cross sector needs

/ Wednesday, 15 June 2016 00:00

  ADMO Solar, the renewable energy division of Vinseth Engineering commenced business in 2006 providing a wide spect...


Renewable energy to attract two-thirds of power plant investments

/ Wednesday, 15 June 2016 00:00

  Reuters: Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plan...


CHINT Power Projects establishes global presence among stakeholders

/ Wednesday, 15 June 2016 00:00

  CHINT Power Projects Ltd, the Sole Agents in Sri Lanka for world renowned “CHINT” brand electrical items was su...


People’s Bank unleashes visionary solar power loan scheme to benefit environment

/ Wednesday, 15 June 2016 00:00

People’s Bank has launched a solar power loan scheme to promote the use of solar energy as part of its drive towards being a carbon conscious...


OPEC sees oil glut shrinking in second half of year

/ Wednesday, 15 June 2016 00:00

Reuters: OPEC forecast that the world oil market will be more balanced in the second half of 2016 as outages in Nigeria and Canada help to speed up...


IEA sees global oil market returning to surplus in early 2017

/ Wednesday, 15 June 2016 00:00

LONDON (Reuters): Oil supply and demand will balance in the second half of 2016 after a series of unplanned production outages, but the market is e...


SL energy supply inadequate, unstable

/ Monday, 9 May 2016 00:00

From left: Environmental Sustainability Mas Intimates General Manager Dr. Vidhura Ralapanawa, Ministry of Power and Renewable Energy Secretary Dr. ...


Malaysian firm Hyrax Oil signs deal to build lubricant plant in SL

/ Monday, 9 May 2016 00:00

A Malaysian manufacturer of petroleum derivatives with a vast customer base worldwide will be investing $ 30 million to establish a lubricant manuf...


Schneider Electric shares knowledge on modern ‘smart distribution networks’ with CEB

/ Wednesday, 23 March 2016 00:00

Supporting the Ceylon Electricity Board (CEB) in its efforts to upgrade and modernise the country’s electricity distribution networks using l...


Gamesa bags maiden solar order in SL from Laugfs

/ Wednesday, 23 March 2016 00:00

Gamesa, a global leader in renewable energy, has won a new solar order from the industrial conglomerate Laugfs Power Ltd., in Sri Lanka.  Th...


Sri Lanka hosts All India Industrial Gases Manufacturer’s Association annual meeting

/ Wednesday, 23 March 2016 00:00

  Many industrial gas companies from India gathered at All India Industrial Gases Manufacturer’s Association (AIIGMA) 3...


Today's Columnists

Economics of A.S Jayawardena Part III: AS’s short spell as Central Bank’s Economic Research Director

29 August 2016

The summary of the episodes so far The first part of this series looked at how AS, a radical socialist economist in his young days, was converted to a free market economic thinker. The second part dealt with how he took forward the mission of th...


Tourism can be Sri Lanka’s oil well if we drill with the correct marketing tools

29 August 2016

  Branding is a promise that will persuade tourists to come to Sri Lanka. It must be based on meeting the needs of the tourists from our target markets.The real challenge is to really understand these needs Success depends on ...


Presence as a present: Practising spiritual intelligence

29 August 2016

 I read a refreshingly resourceful book titled, ‘You are here’. It is written by Rev. Thich Nhat Hanh                    (pronounced tick not hon). He is a world-renowned Zen monk,...


Banality of evil

27 August 2016

Namal Rajapaksa, Member of Parliament, the eldest son of former President Mahinda Rajapaksa, was interviewed recently on television. By and large the tone of the lengthy interview, nearly two hours in duration, was defensive, an attempt at validat...


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