Business

World News

Popular Posts

Random Post

Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Dec 30, 2011

Fastest mobile broadband network by Airtel

Bharti Airtel, a leading global telecommunications with operations in 20 countries in Asia and Africa, said today that the results of the speed test periodic survey conducted by the Telecommunications Regulatory Commission of Sri Lanka (TRC) for November 2011 have concluded Airtel as the category leader in 3G mobile broadband. This survey was carried out regularly by the TRC and is a detailed analysis that compares the performance of all operators in Sri Lanka through various categories.

"At Airtel, it is our constant endeavor to offer class services that are robust, reliable and globally for our clients to take advantage of Sri Lanka. Solid performance Airtel 3G mobile broadband on speed tests conducted by the Commission Telecommunications Regulatory Sri Lanka is a testament to the vision and commitment of a company that benchmarks itself with the best in the world, "said Bharti Airtel in Sri Lanka, Director - marketing and Sales, Sharan Shetty. "In the future, Airtel will continue to deliver innovative products and services relevant to our customers through Sri Lanka," he added.

Selacine double income, for 17M rupees benefits

Revenues for the TV Selacine Institute has more than doubled from Rs 149 million to more than Rs 350 million in 2010 and 2011.


Pradeep Edirisinghe
The company vision is to double revenue in two years and meet the total needs of the market in five years.

The company also recorded a net profit of Rs 17 million.

Selacine Television Institute Chairman Edirisinghe said Pradeep Selacine Business News Daily that the government institute that is only authorized to carry out the advertising media including programming and outdoor advertising.

According to a report it issued in 2008, all institutions of government, including provincial and local governments have to do all their advertising campaigns through TV Selacine Institute.

More than 20 percent of government institutions has been hired by Selacine and is intended to meet all government institutions in four years.

"Today more than 60 years working in Television Institute Selacine and to take measures to increase the number of employees over the coming years," he said.

Selacine is 26 years and offers an energetic, creative and innovative approach to all clients, both public and private sector.

Selacine is becoming an institution that combines the creativity of a design studio, server marketing advertising, business sense and marketing communications company and the technical capabilities of next-generation multimedia, production of video and Internet development firm.

Shipping industry sees growth

The shipping industry in the country will continue its growth as several mega port development projects were launched during the last five years.

A sum of U.S. $ 237.1 million has been invested. This figure exceeds the previous years and that the port-related investments registered an increase between U.S. $ 500 million for the third terminal to be built in the port of Colombo.

Government policy initiatives promoting growth in the maritime transport sector and one of the major policy initiatives introduced by the 2012 budget is the opening of free zones in ports of Colombo, Hambantota and Trincomalee. This will give a big boost for the added value related to logistics and could attract major FDI, Colombo Academy Chargers CEO Rohan Masakorala told Daily News Business.

The government needs to further liberalize the business environment to attract global players to enter Sri Lanka. "This should be in line with the CI investment policies to ensure large capital investment and services projects in the transport business," he said.

Investment in port operation and the construction of infrastructure through PPP promotes, where private investment tends to increase U.S. $ 440 million over two years from 2011 while the investment is expected to reach U.S. $ 2.8 billion over the period 2017 to 2020.

However, the global shipping industry has declined due to economic crisis in the EU and the U.S.. As a result, the freight market has been volatile and unstable.

The local transfer business has also seen the negative effects and the overall volume of Colombo has been stalled due to this reason and capacity deficiencies has not been studied a decade ago.

The shipping industry has also suffered from Sri Lanka due to market instability. As for the infrastructure we have seen remarkable achievements in the port sector, which will undoubtedly help the economy move forward during the next decade.

"The government has embarked on an expansion unit with capacity of major ports have accelerated projects to overcome the shortcomings," he said.

The port project south of Colombo, Sri Lanka is seen to be the only port in South Asia that have the capability of handling the largest container ships of 2013/2014. This will help eliminate the current problems facing the SLPA and ability to attract more business to Sri Lanka and improve connectivity. This is a prerequisite to increase the transshipment trade and logistics.

The Hambantota port will see the gradual increase in bulk cargo handling such projects have become operational. This facility will also help us in our supply of fuel and boat chandelling capabilities as a regional center.

"But we have to understand that global giants are now looking for alternative locations for services. Asia is an emerging market, while infrastructure projects are being upgraded, we must improve our services and trade facilitation measures for processes simple and transparent business, "he said.

"To make shipping and logistics with success, now we must work in an integrated plan for ports and airports, and other related service providers, therefore, the customs laws, the IC, the merchant marine and related laws Logistics have to be modified to attract investors, "said Masakorala.

Dec 8, 2011

Toyota to export US-made Camry to South Korea

Toyota unveiled plans Monday to begin exporting Camry sedans made ​​in the United States to South Korea next month. Toyota said the plan is the first time the American-made Camry is exported outside North America.

"The export of thousands of vehicles in South Korea Camry is an important development that is based on the great work of our talented members of the U.S. as well as our major investments in North America to help maintain solid and stable base of jobs in U.S., "said Yoshimi Inaba, president and chief operating officer of Toyota Motor North America, Inc.

The cars will be manufactured at Toyota's manufacturing facility in Georgetown, Kentucky, plant the largest Japanese automaker outside of Japan. The vehicles are scheduled to arrive in South Korea from January.

The company initially estimated exports to South Korea Camry of 6,000 units per year.

According to Toyota, the Camry has been the best selling car in the U.S. for 13 of the last 14 years and one of the best-selling vehicles in the world.

Inaba said the Japanese automaker is expected to be "other opportunities" for exports to continue growing its operations in America. AFP

First business news site launched in Tamil

World news media organizations goes a step in Sri Lanka with the launch of the first Tamil language website Business News, Business News Tamil (BNT).

Launched by Sri Lankan journalist and public relations consultant, Chandrasekar, the site is intended to bridge the overall deficit of Tamil news site with a focus on business.

Before launching the BNT was no source of new business line for the Tamil audience, leaving those who were mostly illiterate in Tamil access to new business line of high caliber.

Therefore, the introduction of the site is an important milestone in the news media online for Tamil readers and a game changer in the way the Tamil public will be able to access new.

Editor, Chandrasekar said: "The Tamil new media business still requires development to meet the standard of English and Sinhala news. As a Tamil journalist, one of the reasons I decided to launch this site is to contribute to the development of the business news reports to the Tamil audience. "

He said: "This website Tamil student media sector in two ways: firstly, we aim to give our readers the most detailed and new objective than ever before, and the second, we want to revolutionize the how the company connects Tamil community with new by taking online. "

Objectivity is something that feels as Chandrasekar has been lacking in the news media that the Tamil diaspora has been exposed.

Chandrasekar in the opinion of the Tamil diaspora is still skeptical about the economic boom that saw Sri Lanka following the end of the Civil War, "If the Tamil business community is to have their confidence restored, and gain insight into real economic trends in Sri Lanka, objective account of new business is vital.

Dec 4, 2011

Honda recalls 304,000 vehicles worldwide

TOKYO (AFP) - Japan Honda Motor is recalling over 300,000 cars worldwide, including popular models of the Accord and Civic, due to a defect in the driver's airbag, the company said Friday .

In the worst case, the container of gas that inflates the airbag in an accident could break and send fragments of the dissemination of safety device, the company said in a statement.

The automaker is recalling 304,035 units of 10 models manufactured in 2001 and 2002, he said.

Some 300,000 cars in the recall were sold in the United States and Canada, Honda said, while the rest were sold in Japan and other regions.

Dec 2, 2011

Do you know to earning more Money at Online ?

If the question is what extra income on the internet site, many of us will give an answer as Google or Facebook. However that is not true. Net income in the Amazon site. Is to expand.

One study conducted by an independent company with the usage information.
Here is a list of companies receiving money from the company's study:

1. Amazon
This site allows you to buy items online. This is an online marketplace for buying items, $ 776.66 per second. The total annual income is $ 24,509,000,000.

2. Google
Google in the Internet world has been in contact evarumilar unknown. Its annual income is $ 23,650,560,000. A second is $ 749.46.

3. Comcast
Earning a third place at this site is on the list. Annual income is $ 8,727,360,000 of this site. Earn an average of $ 276.56 for a second.

4. ebay
In this online shopping site like Amazon, the website will help make the sale. $ 8,727,360,000 for the second year also, it also earns $ 276.56.

5. Yahoo
This is a very popular site on the Internet. Its annual income is $ 6,460,000,000. Second is an average of $ 204.71.

6.Reuters
Home base is $ 3,400,000,000 for the second year in revenue, income and receive $ 107.

7. AOL
$ 99.41 on the second floor, $ 3,137,100,000 in annual income to the policyholder.

8. Expedia
For those who visit this site to be useful. Information on buying tickets several times and thus learn from the aircraft. This site provides an annual income $ 2,937,010,000. Income is $ 93.07 for a second.

9. Paypal
To transfer the money online that everyone knows about this site. To transfer money around the world, this is the most popular and useful site. $ 2,900,000,000 per year, according to the site earn $ 91.90 per second.

10. iTunes
On the tenth position in the list of Apple iTunes site. $ 60.21 for a second income from this site. Apple takes $ 1,900,000,000 for the year of income received through this site.
Favorite Facebook much, and the space 16 in the list. Its annual income is $ 1,000,000,000. $ 31.69 per second.

Nov 29, 2011

Barrel Oil Price for near $97


New York oil post-holiday, a low level of trade rose Friday after a see-sawing session, but was down slightly this week.



The crude oil benchmark of $ 96.77 U.S. a barrel to settle at 60 cents per hour increase. Thank you for the markets were closed for a holiday before the United States on Wednesday dropped by $ 1.84. Week, however, the oil lost 0.7 percent.

European credit crisis continues to undermine confidence in the continent to avoid recession next year, oil had fallen earlier.

London, January Brent crude for delivery ICE Futures Exchange to settle at $ 106.40 a barrel, fell by $ 1.38.

Fiscal austerity measures aimed at reducing debt levels in Europe and demand for oil will affect world economic growth last week, investor concern that helped drag crude back above $ 103.

From Greece, Portugal, Italy, Spain and Ireland to undermine confidence in Germany and France, started to spread widely. Germany's 10-year bond yield for the first time in 2009, rose above the 10-year British government bonds. And Standard & Poor's on Friday downgraded the financial nilaiyaipparri Belgium, the country's government and a looming European recession due to a stalemate.

"The crisis in the euro area, even the most robust European economy is beginning to threaten the bond markets - Germany," Barclays Capital said in a statement.

In the United States, meanwhile, the average price of a gallon of gas a week from $ 3.38 $ 3.31 (87 cents a liter), has fallen to. A discount of two months ago, even heftier 20 cents a gallon compared to (3.8 liter) is. In fact, the holiday shopping season, driving from store to store on the first weekend in late winter from American shoppers use some of the gas, pay the lowest price.

Even with the recent decline, however, gas prices 44 cents a gallon higher than a year ago is Black Friday. Tom Kloza, chief oil analyst at Oil Price Information Service, $ 488 billion Americans spend on gas this year, that path is. Eclipses the $ 40 billion record set in 2008. 7.9 percent of households in the United States until 2010 and 2008 OPIS 6.7 percent from 8.4 percent in the year of income spent on petrol as they reported last week.

National average of just $ 4 a gallon gasoline in May ($ 1.05 a liter) came down.

One reason for this is that the bustling shopping malls as shoppers use the cashmere sweaters, video consoles, tablet computers and flat-screen televisions to watch vilaikkuraikka. Re-invest their savings believe that shoppers use the retail pump. Kloza current demand, gas price for every 10 percent decline, Americans are spending another $ 36 million in total savings, he estimates.

Current demand for gas in the United States is Kloza says "surprisingly poor." Oil and gas prices of about $ 17 a barrel in the past two months, or even increased by 21 percent, the main reason why it is abandoned.

In other Nymex trading, heating oil and $ 2.94 per gallon and gasoline futures dropped 3.1 cents per gallon to $ 2.5205, after losing 4.45 cents. To $ 3.665 per 1,000 cubic feet of natural gas, added 5.7 cents.

Germany, France examine radical push for Euro Zone

Germany's original program, it's 17 euro zone countries, very tight budget constraints to impose, in preparation, 2012 Finally a definitive agreement to transfer all 27 EU countries in the agreement to try to preserve the - the region's defenses until the shoring is one way the credit crisis and against.

But in recent weeks in meetings with European Union leaders, it can not get on board that all 27 countries, German Chancellor Angela Merkel and French President Nicolas Sarkozy is clear, concise report of the European Union.

It, too, that Italy, Spain and France is now the recommended changes in market demand for weeks after the attacks of a brave and safe can take a year or more.

As a result, senior French and German civil servants is an agreement among a mere euro zone countries, the purpose of being examined on the other.

"Union has a goal to create a common currency for their own determination and the focus is on member states," German Finance Minister Wolfgang Schaeuble said on Sunday Ard television.

Another option being explored around 8-10 euro zone countries would involve a major contract outside the European Union is a separate agreement, officials said.

When they meet on Tuesday, the euro zone finance ministers met by a more pressing.

In the euro zone's bailout fund, the European Financial Stability Facility (EFSF), are prepared to allow a detailed operating rules, documents obtained by Reuters showed. [ID: nL5E7MR0UA]

Interest from the private and public investors, according to approved rules, EFSF increase resources and its co-investment funds in the coming weeks, attracted 440 billion euros in cash to clear the way.

The ECB must be rigidly Germany EFSF water supply or at the idea of ​​acting as a credit against the Spanish, Italian and French government bonds on the yields of all the away goals, the euro zone, will soon have a way of calming the markets to the euro lifetime highs.

Progress toward stricter financial rules, policymakers, investors believe that convinces. Schaeuble, a crucial decision that a firm can obtain more confidence in EU markets.

"It's a member of the euro zone, indicating that its budget discipline to do its homework. We deal with changes, to be sure," he said.

Radical overhaul

Reuters French and German officials, especially the smaller euro zone and fiscally feasible to establish an integrated and a radical overhaul of the European Union were discussing the plans that were announced on November 9.

"Germans. Made up their minds to change their contract and doing everything they can to push it as quickly as possible," a senior European Union official involved in talks, Reuters reported. "A senior German officials at every European capital on the phone all day there."

, The credit crisis on the gain is the only way - is jointly issued by the euro-zone bonds to pave only force acting European Central Bank more leeway in this - German and French finance union toward moving a hope that some other euro zone countries that goal very quickly move unable or unwilling there.

Besides, Greece, Ireland, Portugal, the European Union / International Monetary Fund's aid received, but Italy and Spain and Slovakia, some Eastern European countries, or the current economic situation is difficult, Germany wants the budget constraints to find, or simply need to aim not comply.

As a result, French, German, after the folding of the contract at the best possible deal for the EU, euro zone countries are exploring a number of very rapid integration of at least two samples.

The two models

A more Schengen III, prospective, open to any member state, and then 5 and 7, who was adopted by EU countries and Norway, countries outside the European Union but the contract is a contract signed in mid 2005 Pruem Convention is based.

Another option along the lines of other euro zone countries have signed the 1963 Elysee Treaty entirely French, German and Mini - to deal, officials say.

"Seriously discussed the options and things that we talk too, are moving very quickly," Reuters reported that the European Commission met on the discussions.

The original aim of a European Union leaders summit in Brussels last year, when it meets on December 9, before you set out to outline a contract stating that.

Euro zone and rapid fiscal consolidation is needed, highlight, in the past two weeks the two speeches made, it is a 'two-speed Europe' emerges as the inevitable must be accepted that one of Sarkozy, another special address to is due on December 1 on, he and Merkel emerging as a more detailed out who can provide feedback on a stage.

A senior German government official, no secret, France, German, denied there were negotiations, but the two countries and stressed that the best way possible to reach agreement on how to analyze and saw it and insisted on the need for change.

"Germany and France will be presented at the December EU summit to focus on a limited contract, the plans continue to change," the official said that the need to act quickly to get changes in place, said.

When they reached a state of emergency ECB buying bonds is intermittent style of fighting in the euro zone. The wave of economic and market return, but the central bank should act more aggressively, and Germany, suggest that such activity is against. In the euro zone governments to cover the structure of financial regulations, there may be concerns that need to change tack.

"The Securities and run off if it's true that even the European and world financial system stability fatally. ECB decided to bold action, of course, requires" Peter Bofinger, a German consulting five "wise men" an economy, government, the Irish state broadcaster RTE reported.

Financial integration among euro zone countries and in tight Reuters lot can be achieved if the ECB more room to maneuver it to buy government bonds and euro-zone officials on Friday reported a similar potential.

Rapid integration of the euro zone and European Union officials, through a contract with a sideline in the lower 17 states about applying too much pressure on the rest of the cast may want to warn that there are very clear about its determination to push France and Germany should be enough.

If they sign a deeper integration could be left behind in some countries, threatening, fearing it would leave it exposed them to market pressures, not to say that a country can be.

"You hear some of the postures in this area - soon to change the deal under pressure from Germany," said an official involved in negotiations.

"To some extent that has been put on the table to see these ideas are part of bargaining chips." 

Nov 20, 2011

More Jobs lose by UK

The CIPD said the employers hiring intentions index dropped from minus ۱ in the third quarter to minus 3 in the fourth quarter with the vacancies on offer expected to keep falling for the rest of the year as well as in the medium term.

Based on the CIPD report, jobs market confidence in the public sector will even deteriorate in 2012.

This is while, in the next three months the private sector's number of jobs will grow but at a slower pace compared with the previous months.

"The figures point to a slow, painful contraction in the jobs market,” said CIPD public policy adviser Gerwyn Davies.

"Many firms appear to be locked in wait-and-see mode, with some companies scaling back on all employment decisions against a backdrop of increasing uncertainty as a result of the eurozone crisis and wider global economic turmoil,” he added.

Davies also said that the findings mean fewer firms will be seeking redundancies in the private sector though a parallel unwillingness to absorb more people alongside the job cuts in the public sector would lead to an overall rise in unemployment.

"The good news resulting from this lull in business activity is that fewer employers are looking to relocate abroad or make redundancies,” he said.

"The downside is that recruitment intentions are falling, which will make further rises in unemployment therefore seem inevitable given that public sector job losses are outpacing the predictions made by the Office for Budget Responsibility,” he added.

Davies also warned that the market conditions are sending no signals that suggest the Labour market would improve “in the short or medium term.

Mou with Wac, Kenya to develop coconut industry

The Coconut Research Institute of Sri Lanka (CRI) signed an MoU recently with the World Agro-forestry Centre in Nairobi, Kenya to forge closer ties between the two institutions in the field of research.

The CRI is the first research institute established in the world as far back as 1929 to undertake research in coconut production.

The World Agro-forestry Centre is an international research centre under the Consultative Group on International Agricultural Research (CGIAR) of the Food and Agriculture Organization mandated to develop agro-forestry in tropical countries in the world.

This MoU will establish a new framework to strengthen ties between these two institutions in the field of agro-forestry research and development in coconut lands to increase productivity and profitability.

The research will concentrate on growing high value fruit crops such as pineapple, mango, rambutan and spices and beverages such as coffee, cocoa and cinnamon, and rearing of livestock such as cattle, goats, sheep and poultry.

Under this MoU there are provisions for the exchange of scientific and technical know how exchange of agro-forestry professionals, enhancement of coorporation with other coconut growing countries in the region, and other national and international research and development organizations.

This MoU signing ceremony was held at Galle Face Hotel recently, under the patronage of Coconut Development and Janatha Estate Development Minister Jagath Pushpakumara and Agriculture Minister Mahinda Yapa Abeywardena. Ministry Secretary Anura Siriwardena and the World Agro-forestry Centre Director General Dr. Tony Simons signed the agreement on behalf of the two institutions.

CRI Chairman Prof. H.P.M. Gunasena, Director Dr. Jayantha Gunathilaka, World Agro-forestry Centre South Asia Regional Director Dr. W.P. Singh and a large number of distinguished guests also participated.

Srilanka sign Commercial Agreement with India

Sri Lanka signed a commercial agreement with India yesterday for the reconstruction of the Northern Railway Line from Pallai to Kankesanthurai (KKS) that was destroyed during the conflict.

The 55 kilometre track from Pallai to Kankesanthurai will be reconstructed at a cost of US $ 150 million provided by the Indian government at concessional terms as part of Indian Line of Credit of US$ 800 million.

IRCON International, a leading construction firm in India has undertaken the track- laying work on the Medawachchiya - Madhu Road,

Madhu Road - Thalaimannar, Omanthai - Pallai and the southern railway line sections will also be reconstructed.

Transport Minister Kumara Welgama said that the northern people are eagerly waiting to see the Yal Devi train travel up to Kankasanthurei. That is why, the Transport Ministry decided to expedite the Northern railway track project.

"We expect to complete the construction within the next two years," the minister said. "This will also help to reduce the traffic congestion," he added. The government has realized the impotence of developing the public transport system.

Therefore, huge amounts of money will be allocated through the upcoming budget to uplift the railway service for the benefit of the public. Indian High Commissioner in Sri Lanka, Ashok K. Kantha said a joint venture between India and Sri Lanka to construct the Northern railway line is a landmark in the relations of the two nations.

World News

Strange

Technology

Recent Post

Site Map

Entertainment

News World

Labels

 
Copyright © 2011. Flash News: Business . All Rights Reserved
Company Info | Contact Us | Privacy policy | Term of use | Widget | Advertise with Us | Site map
Template modify by Creating Website. Inspired from CBS News