Views - 20 Monday, 5 March 2018 00:08
Reuters - Chevron Corp said last week its business is resilient to a wide variety of possible climate change scenarios as the U.S. oil company and other producers come under pressure to invest less in oil projects and more in renewable energy. The cl
Views - 29 Monday, 5 March 2018 00:07
PARIS (Reuters) - General Electric plans to invest more than $400 million over the next three to five years to develop the world’s biggest offshore wind turbine, which will have a capacity of 12 megawatts and stand 260 metres (853 feet) tall. With
Views - 39 Monday, 5 March 2018 00:06
Many households have decided to opt for solar energy to power up their homes as it is a more cost efficient method to save fuel and energy in the long term. With this in mind, ‘NDB Solar Vantage’ has stepped up as the foremost solution that enabl
Views - 22 Monday, 5 March 2018 00:05
The Sri Lanka Ceramic & Glass Council will hold the seventh consecutive Ceramic and Glass Symposium at the Taj Samudra Hotel. This year’s theme ‘Value Migration through Sustainability’ will focus mainly on the innovation and global presence and
Views - 37 Monday, 5 March 2018 00:03
Singapore (Reuters): Electricity producer Summit Power International plans to list on the Singapore Exchange Ltd., (SGX) by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to inves
Views - 33 Monday, 5 March 2018 00:01
Nawaloka Petroleum Ltd., a fully-owned subsidiary of Nawaloka Holdings Ltd., recently announced its plan for 2018 to expand operations in a bid to become the preferred automotive solutions provider in the country. Established in 2010, the company has
Views - 17 Monday, 5 March 2018 00:00
TOKYO (Reuters): The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said, as the country’s shale oil boom continues to upend global markets. IEA Executive Direct
Views - 25 Monday, 19 February 2018 00:00
LONDON (Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year,
Views - 15 Monday, 19 February 2018 00:00
SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened
Views - 13 Monday, 19 February 2018 00:00
London (Reuters): Energy taxes in major advanced economies are not doing enough to reduce energy use, improve
Views - 37 Monday, 19 February 2018 00:00
NUSA DUA, Indonesia/SINGAPORE (Reuters) - Soaring gas demand from China, India and Southeast Asia is sucking
Views - 23 Monday, 19 February 2018 00:00
NEW DELHI (Reuters) - India is exploring selling “cheap power” to its South Asian neighbours and Myanmar on a long-term
Views - 108 Friday, 26 January 2018 00:00
The Ceylon Electricity Board (CEB) has decided to call International Competitive Bids for the development of 90 small-scale solar
Views - 14 Thursday, 25 January 2018 00:05
LONDON (Reuters): Benchmark Brent crude oil prices eased yesterday, pressured by a rise in US crude and gasoline inventories, but remained close to three-year highs. Brent futures fell 10 cents to $ 69.86 a barrel by 1330 GMT, having climbed above $
Views - 54 Thursday, 25 January 2018 00:03
LPG retailers in Sri Lanka have been compelled to increase the price of a domestic gas cylinder due to global LPG gas price hikes that have been ongoing since October 2016. The price of a domestic gas cylinder was increased by Rs. 110 by the Consumer
Views - 14 Monday, 22 January 2018 00:09
The expected drop in OECD inventories suggests that oil prices will likely be higher in 2018 than originally seen and Brent crude oil price is projected to reach $64 per barrel (/bbl) this year, said the Bank of America Merrill Lynch (BofAML) in a ne
Views - 22 Monday, 22 January 2018 00:05
NEW DELHI (Reuters) - India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.
Views - 63 Monday, 22 January 2018 00:03
Solanra Ltd. has met their target of contributing to the national electricity grid with 1000 kilowatts power within one year using German made Jurawatt solar panels.
Views - 151 Monday, 22 January 2018 00:01
Farmers in the draught-prone Moneragala District in the south of Sri Lanka will soon be joining a $ 24 million Sino-Lankan joint venture to generate 10 MW of green power every day to add 70,000 MW of renewable energy to the Sri Lankan national grid.
Views - 16 Tuesday, 9 January 2018 00:03
DUBAI (Reuters): Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year. The sale of up to 5 percent of Saudi Aramco,
Views - 94 Tuesday, 9 January 2018 00:03
An agreement to initiate aviation fuel supply project which was delayed over the years has been signed at the premises of CPC. The ceremony was chaired by CPC Chairman Dammika Ranatunga. Contract of construction of the aviation fuel supply project w
Views - 17 Tuesday, 9 January 2018 00:00
NEW YORK, Jan 8 (Reuters) - Oil prices were little changed on Monday, trading near their highest since May 2015, as political concerns in some OPEC nations offset projections for higher U.S. oil production. “Oil prices are finely balanced in today
Views - 12 Monday, 8 January 2018 00:00
SINGAPORE (Reuters): Asia is set to receive up to 2.0 million tonnes of naphtha from the West this month, the highest amount in two years, putting pressure on light fuel margins that touched 22-month highs in November.
Views - 17 Monday, 8 January 2018 00:00
SINGAPORE (Reuters): Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fuelled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports
Views - 17 Monday, 8 January 2018 00:00
LONDON (Reuters): Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza di
Views - 23 Monday, 8 January 2018 00:00
SINGAPORE (Reuters): China will become the world’s second-biggest importer of liquefied natural gas (LNG) this year as it overtakes South Korea, shipping data in Thomson Reuters Eikon showed.
Views - 18 Monday, 8 January 2018 00:00
SINGAPORE (Reuters): India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption.
Views - 366 Wednesday, 20 December 2017 00:00
Environment organisations in Sri Lanka have great concern about the proposal to build two new coal power plants in Sampur and Norochcholai despite their rejection by the PUCSL.
Views - 41 Wednesday, 20 December 2017 00:00
Having commenced operations with an investment of Rs. 8.5 million to manufacture transformers, LTL Holdings has today become the premier engineering company in Sri Lanka and has also extended its operations overseas
Views - 21 Wednesday, 20 December 2017 00:00
PARIS (Reuters): The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances,
Tuesday, 22 May 2018
Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running
Tuesday, 22 May 2018
Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,
Monday, 21 May 2018
Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.
Monday, 21 May 2018
I was delighted to be reappointed by the University Grants Commission (UGC) as the Director of the Postgraduate Institute of Management (PIM) for the second term of three years.
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