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SAO PAULO(Reuters) : Brazil is guzzling coffee like never before, but even as its growing middle class becomes more willing to pay for better quality beans, the largest coffee producing country does not look poised to topple the United States as the world’s No. 1 consumer yet. Coffee consumption in Brazil grew 3.1 percent from ...
Reuters: Airbus outsold Boeing almost two-to-one in 2011 after gambling on a revamped fuel-efficient jetliner and delivered more jets than its rival for the ninth year running, while admitting it may struggle to keep its order crown this year. Figures released by the European planemaker on Tuesday confirmed the popularity of narrowbody jets offering significant ...
By Nimisha Muttiah Communication is the epitome of human life itself. It is what allows us to say “hello” and greet someone we know, it lets us build relationships with people we care about, share information with others and gives us a way to communicate with those around us to meet or daily needs. Without ...
Worldwide PC shipments totaled 92.7 million in the fourth quarter of 2011 (4Q11), down 0.2% compared to the same quarter in 2010, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. As expected, shortages of hard disk drives (HDDs) added to challenges from slow economic conditions and competition from other consumer electronics, including ...
SINGAPORE (AFP): Oil prices rose in Asian trade on Monday as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in February, gained three cents to $98.73 in morning trade. Brent North Sea crude for February ...
RAM Ratings Lanka said yesterday it has assigned respective long- and short-term corporate credit ratings of A+ and P1 to Lanka Hospitals Corporation PLC (LHC). The long-term rating has a stable outlook. The ratings are upheld by the Hospital’s strong financial profile, liquidity, ongoing State support and the positive outlook for the private healthcare industry. ...
Coca-Cola Beverages Sri Lanka Ltd. continues to work towards uplifting the lives of people within Sri Lankan society with their new sustainability initiative – a Capacity Building Programme for English Teachers in Jaffna. The programme which is a two day workshop organised by Coca-Cola Beverages Sri Lanka Ltd. was facilitated by Kent Ridge in collaboration ...
sports.ndtv.com: Colombo: Sri Lanka Cricket (SLC) has approached the BCCI about the possibility of hosting IPL matches, the new SLC president, Upali Dharmadasa, has said. The idea has been proposed as a way for SLC to raise additional revenue because the Sri Lanka Premier League (SLPL) failed to get off the ground last year, after ...
Expects 2012 to continue 2011 success despite anticipating slow year By Cheranka Mendis Kia Motors is geared to embrace a phenomenal year in 2012, riding high on the extraordinary success of 2011. Launching the final model that was to be introduced to the local market in 2011, the all new fourth generation Kia Rio, Kia ...
HANOI (Reuters): Vietnam’s rice exports this year jumped 4.36 per cent from 2010 to a record high of 7.19 million tonnes, the Agriculture Ministry said on Monday, beating previous industry projections. Rice export revenue rose 14 per cent from last year to an estimated $3.7 billion, the ministry said in its monthly report. Vietnam, the ...
Reuters: AT&T has dropped its controversial $39 billion bid for Deutsche Telekom’s US wireless unit, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives. AT&T will have to find another way to address its shortage of wireless airwaves while Deutsche Telekom has to go back to the drawing board on what to ...
Research related to Human Resources is a growing global priority. We saw the enthusiasm last week, when the Research and Publications Committee of the Institute of Personnel Management organised an evening presentation on “Research trends in HR”. Today’s column will focus on the highlights of it, with extended emphasis on the need to debunk some ...
Education is at the core of development and Sri Lanka, targeting post-war development, is still not getting its focus right on developing knowledge across the board, starting with the schooling system. It can be argued that the Sri Lankan Government is more focused on fixing the ills of the university system to pay adequate attention ...
Reuters: Sri Lanka’s stock market slipped to a one-week low on Tuesday in low volume and turnover as investors held off amid negative sentiment about a credit shortage and uncertainty after the Head of the Securities and Exchange Commission (SEC) resigned. The island nation’s main share index rose 0.43 per cent during the day on ...
Reuters: Taiwan’s Acer Inc, the world’s No.4 PC vendor by sales, expects a 10 to 15 per cent shortage of hard disk drive supplies in the fourth quarter after floods in Thailand hit many makers, Corporate President Jim Wong told a briefing on Wednesday. Wong said the impact in the first quarter was uncertain, but ...
The Meteorological Department submitted a report to the Minister of Disaster Management Mahinda Amaraweera yesterday on the weather forecasts in the past few days. The Minister had instructed the Ministry’s Secretary and the Director General of the Meteorological Department to submit a report within three days on the Department’s failure to forecast Friday’s catastrophic weather....
Reuters: France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis. President Nicolas Sarkozy and Chancellor Angela Merkel said after talks with Italian Prime Minister Mario Monti that they trusted the independent central bank ...
With media reports mounting on the possibility of price controls for pharmaceuticals and the general perception being created that pharmaceutical prices are escalating in the market, the Sri Lankan Chamber of Pharmaceutical Industries (SLCPI) has come out strongly against, saying that in fact the opposite as true. Vish Govindasamy, President of the SLCPI, addressing the ...
BANGKOK (Reuters):The world's top rubber producers are blacklisting buyers which have failed to honour their contracts after recent defaults caused panic selling in the physical market, the Thai Rubber Association said on Monday. Thailand, Indonesia and Malaysia backed off from a plan to bolster prices at their weekend meeting in Bangkok, but pledged to prevent ...
In Sri Lanka there is some times a perception that there is a lack of skilled workers to fill positions at management levels. Some employers would say they have difficulty filling positions because of a talent shortage. Some of the complaints about skill shortages simply could be that employers can’t get top candidates to accept ...
Independent research by PwC into the IT priorities of European Communications Service Providers (CSPs) has uncovered CIOs’ focus areas for 2012.The research found the majority of CIOs (60%) currently spend more than half of their opex budget on ‘maintenance.’ Addressing this is going to be a major priority in 2012 and CIOs will respond with ...
Organisational sustainability is the ability for a group of persons to endure the internal and external pressures of a culture, through change and innovation, as they endeavour to deliver their specific products.There are seven components to create organisational sustainability. 1.Organisational identity Every organisation needs to distinguish and market its organisational identity. The organisati...
By Kusal Perera Groundviews.org: The media these few days, especially the English media, provides unusually high anti government coverage to the government’s latest move to push through a bill, classified as urgent. Titled “Revival of the Underperforming and Underutilised Assets Bill,” it sent many stories spinning round Colombo circles. More politically savvy circles talked abou...
Council calls for govt. intervention on a slew of issues, says production can increase by 50%, plans to launch pepper brand By Uditha Jayasinghe The spice industry yesterday urged the government to resolve a slew of issues to increase productivity and promote the sector. Spice Council Chairman Sarada de Silva making his address at the ...
A thought-provoking new report from the Chartered Institute of Management Accountants (CIMA) argues that public sector managers and policy makers are suffering from inadequate management information, and are not making best use of their finance function. Public sector performance: A global perspective suggests that central government has too narrow a view of the role of ...
BANGKOK Reuters: Thai authorities tried to stem growing anger among flood victims on Tuesday as water swamped new neighborhoods and the government began mapping out a plan costing billions of dollars to prevent a repeat disaster and secure investor confidence. The floods began in July and have devastated large parts of the central Chao Phraya ...
Haycarb PLC has reported revenue growth of 21 per cent to Rs 3.8 billion for the six months ending 30 September 2011, with stable demand in global markets and the company’s reliable supply stream of high quality carbons with a product mix of value-added carbons protecting its top line in a period of narrowing margins. ...
Beijing (IANS): Air China Friday conducted the first trial flight of a passenger plane powered by a mix of biofuel and traditional aviation fuel. The Boeing 747 landed safely at Beijing Capital International Airport at 9:30 a.m. after it burned more than 10 tonnes of biofuel, reported Xinhua. Analysts believe the successful trial indicates that ...
SEOUL (Reuters) – South Korea’s LG Electronics reported a wider-than-expected quarterly loss on Wednesday, with its mobile phone division sinking deeper into the red, dashing hopes of a recovery in its struggling smartphone business. LG’s handset business reported losses for a sixth consecutive quarter, with losses more than doubling to 140 billion won ($124 million) ...