What is Volkswagen accused of? It’s been dubbed the “diesel dupe”. The German car giant has admitted cheating emissions tests in the US. According to the Environmental Protection Agency (EPA), some cars being sold in America had devices in diesel engines that could detect when they were being tested, changing the performance accordingly to improve…
Sri Lanka’s recently elected prime minister, Ranil Wickremesinghe, received a warm welcome in New Delhi. He has long been regarded as a friendly statesman, sensitive to India’s national security interests. He had also shown courage in seeking to build bridges with the estranged Tamil minority in the island’s northern and eastern provinces. During his second…
Following the drop in fuel prices in the world market, though the Ceylon Petroleum Corporation (CPC) enjoyed some profits during the first two months of 2015, it has come to light that the corporation has incurred losses following the government reducing the prices of diesel, petro and kerosene oil in the local market. Mid-Year Fiscal…
The Ceylon Electricity Board (CEB) has reportedly shown a Rs. 13.7 billion profit during the first four months of 2015. While this has been revealed through the Mid-Year Fiscal Position Report 2015 released by the Finance Ministry, it also indicates that during this period there has been a 37.6 per cent increase in hydro power…
Mariah Carey has given a rare comment on her romance with James Packer, saying that the pair are having “fun”. Speaking at an event for the September Issue of Harper’s Bazaar – in which the 45-year-old singer appears dressed as Marie Antoinette – she gave a quick insight into life with the Australian billionaire. “It’s…
Prime Minister Ranil Wickremesinghe focused the Cabinet’s attention to the economic use of expending government funds on various projects and activities. Accordingly, the Cabinet has agreed that the following criteria should be adopted in expending government funds: • Minimizing to the maximum foreign visits by Ministers, State Ministers, Deputy Ministers, all elected public representatives and…
After taking notice of the details of vehicles belonging to Ministries, Departments and Government institutions presented to the Cabinet Minister of Finance Ravi Karunanayake, the government has taken steps to minimize the wastage thus caused. Accordingly, out of the 59,160 registered vehicles belonging to Ministries, Departments and Government institutions, a considerable number are still being…
With reform momentum apparently stalling, a swift depreciation in the rupee and subdued export demand weighing heavily, Indian business confidence hit a one-and-a-half year low in September, according to a new survey. The MNI India Business Sentiment Indicator, a gauge of sentiment among Bombay Stock Exchange-listed (BSE) companies, fell to 61.4 in September from 62.3…
A trendsetting project in Sri Lanka, Cinnamon Life has been launched with pride by Waterfront Properties (Private) Limited, a member of the John Keells Group. This architectural icon has been envisioned as a 4.5 million sqft Integrated Resort consisting of an 800-room luxury Cinnamon hotel, avant garde experiential and entertainment haven, residential apartments, state-of-the-art office…
Sierra Cables PLC recently carried out a recent survey at Nairobi in Kenya on the feasibility of a cable manufacturing plant to supply transmission and distribution cables to East African countries. These feasibility studies have indicated favourable financial outcomes and a formal project report has now been approved by the company’s Board of Directors for…
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