S. Korea's Hyundai, LG eye Sri Lanka
Hyundai and LG, South Korean brand giants are currently studying Sri
Lanka for the feasibility of commencing manufacturing operations in the
country. Also, other Korean firms too are keen on a variety of projects
in Sri Lanka, said Korean Ambassador Jongmoon Choi at a meeting with the
Minister of Industry and Commerce, Rishad Bathiudeen last week.
Hyundai is mainly looking at ship-building and repairs while other
Korean firms including LG are looking at electronics. These companies
are planning to send a fact-finding trade delegation to Sri Lanka in the
near future, Jongmoon Choi said.
FACETS International gem show foreign sales top $ 10 m
The 21st FACETS Sri Lanka 2011 international gem and jewellery
exhibition saw strong sales to foreign buyers exceeding $ 10 m but the
overall total could be far higher. More than 7,300 visitors attended the
show of which more than 1,300 being foreign visitors. The top-most
preference for foreign buyers was the Ceylon Blue Sapphire and factors
needed to make Sri Lanka a blue sapphire hub are falling into place. The
exhibition was organised by the Sri Lanka Gem and Jewellery Association
Softlogic introduces mobile products
Softlogic Information Technologies (Pvt) Ltd introduced a range of
mobile products to provide people the best on-the-go entertainment,
social connection, and navigation experience. The company appointed
Dialog Axiata as the official mobile service provider further adding
value to the tablet and smartphone market in Sri Lanka. The Dell Streak
is a compact and powerful companion for individuals and business
ventures who want to expand their ability to access their digital lives
on-the-go, and realise tomorrow's technology in the present.
UNCTAD and WTO places Food Security centre-stage
Trade and agricultural policies are at the core of development
issues, said Secretary-General of UNCTAD Dr. Supachai Panitchpakdi and
Director-General of the World Trade Organization (WTO), Pascal Lamy
addressing the annual Trade and Development Board, UNCTAD's governing
Dr. Supachai stressed the need to look at the financial crisis as a
lever for engaging member States and to align domestic policies so that
developing countries can log into the international trading system. He
said that in 2010 there had been a robust recovery fuelled by dynamic
growth in emerging economies, but now the international community was
facing a growth crisis.
Domestic economic activity expands
Domestic economic activity is expanding at a commendable pace,
supported by improved external and domestic demand, said the Central
Bank of Sri Lanka. Sri Lanka's gross domestic product is estimated to
have grown by around 8 percent in the first half of 2011, with industry
and service sectors recording impressive growth. The contribution of the
agriculture sector has also been positive in the second quarter,
following its contraction in the first quarter. The favourable outlook
for domestic economic activity augurs well for domestic prices, going
Although commodity prices have continued to remain elevated in
international markets, improved domestic supply conditions and stability
of the Sri Lanka rupee have helped contain domestic inflation.
Singapore Airlines Cargo adds services, frequencies to freighter
Singapore Airlines Cargo added Jakarta to its freighter network and
increased its weekly frequencies to Auckland, Shanghai, Sydney and
The new once-weekly Boeing 747-400 freighter service to Jakarta's
Soekarno-Hatta International Airport, commenced on September 5, 2011.
This new freighter service will be increased to twice weekly from
Northern Winter 2011. The freighter service to Jakarta complements the
belly-hold space available on Singapore Airlines' 49 weekly passenger
flights between Singapore and Jakarta.
From September 15, this will be increased to 56 flights per week.
Double Asia miles with Cathay
Double Asia Miles on Cathay Pacific flights to Bangkok, Singapore and
Hong Kong Cathay Pacific Airways gives travellers an opportunity to
double their Asia Miles on flights from Colombo to Bangkok, Singapore or
Hong Kong this month.
Travellers can earn double Asia Miles when they register and fly on a
round-trip (Economy Class) between Colombo and Bangkok, Singapore or
Hong Kong on Cathay Pacific. Tickets can be booked until September 30
and travel needs to be completed on or before September 30.
Relish the new taste of a healthy lifestyle with Samsung
Samsung, unveiled its full range of refrigerators.Softlogic, the
authorised distributor for Samsung in the market will have the full
range of refrigerators on display at its Islandwide showroom network.
Samsung refrigerators are feature packed, with advanced technology.
It saves electricity and performs better than ever with Anti Frost,
Moisture Control Systems and with Twin Cooling Systems.
Airline Academy Awards ceremony
The Airline Academy held its awards ceremony at the Grand Oriental
Hotel recently. Here a participant receives an award from the chief
guest, Manager, Air Asia, Ranjeeva Senanayake. International Travel
Consultant, Airline professional instructor and course co-ordinator,
Deepal Perera looks on.
Central Industries wins merit
Central Industries PLC won Merit in the Extra Large Category at the
Ceylon National Chamber of Industry hosted the 10th Achiever Awards at
the Cinnamon Grand recently. Central Bank Governor, Ajith Nivard Cabraal
was the chief guest. Here the Marketing Manager of Central Industries
PLC Hemantha Arambepola receives the award from the CEO of Sri Lanka
Telecom Greg Young.
The immediate last chairman of CNCI, Newton Wickramasuriya and Past
Chairman of CNCI A.K. Rathnaraja look on.
Ballys Colombo wins gold
Ballys Colombo, won gold and bronze
medals at the recently concluded Chefs Guild and Culinary
art 2011 exhibition at the BMICH. Ballys Colombo caters to
the tourism industry in Sri Lanka. Here the award winning
culinary art chefs and the senior management team.