Olympic summits to provide £1b boost for UK business
The 2012 Games are the greatest business networking event in the
global calendar where companies from all over the world will come to
London to meet, interact and do business. To take full advantage of this
unique opportunity to deliver a worthwhile and lasting business legacy
across Great Britain, the Government will be hosting the biggest ever
investment conference Britain has ever seen. The bold and innovative
program, run by UK Trade and Investment, will enable international
companies to come together and discuss opportunities and the major
issues affecting them and will, over time, generate more than £1 b
additional revenue for British businesses.
Rolls-Royce Engines For Oman Air
Rolls-Royce Trent 1000 engines will power Oman Air’s six Boeing 787
The airline is the first in the Middle East to select the Rolls-Royce
Trent 1000 engine.
Peter Hill, Chief Executive Officer, Oman Air, said: “We look forward
to further strengthening our relations with Rolls-Royce with the
selection of Trent technology, for the next generation aircraft, that
offers efficiency and environmental advantage. In line with our
expansion plan, which saw us receiving the first two Embraer E175
aircraft this year, we have now confirmed our order for the next phase
of our fleet strategy.”
Oman Air currently operates seven Trent 700-powered Airbus A330
aircraft supported by a TotalCare® long term service agreement. Its
Boeing 787 Dreamliners are scheduled to go into service in 2015.
Maharashtra in industrial growth
MUMBAI: Maharashtra has entered into an exciting era of accelerated
industrial growth and consistent socio-economic development, Chief
Minister Prithviraj Chavan said, adding that it has created a benchmark
for the rest of the country.“There is tremendous competition to attract
high quality investments within states. However, Maharashtra has an
advantage of good infrastructure as well as manpower, which other states
lack, thus making it encouraging for investors across the world to
invest here,” he said.Chavan was speaking after inaugurating the
Federation of Indian Chambers of Commerce and Industry’s ( FICCI)
Progressive Maharashtra Conference.
Chavan spoke about Maharashtra’s textile policy which will attract
more than Rs.40,000 crore investment and provide over 11 lakh employment
opportunities. He also mentioned that the state government has recently
taken a major decision to enhance affordable housing stock in the state,
including urban conglomerates like Mumbai, Thane and Pune.
-The Economic Times
2012 oil price - $100 per barrel -EIA
HOUSTON, Jan. 10 (Xinhua) — The price of West Texas Intermediate
(WTI) crude oil is expected to be about $100 per barrel in 2012, five
dollars per barrel higher than the average price in 2011, the U.S.
Energy Information Administration (EIA) said. The EIA, a unit of the
U.S. Department of Energy, said in its monthly report that it also
expects WTI to continue rising, reaching 106 per barrel in the fourth
quarter of 2013.
The forecasts represent an increase of oil price from last year, when
WTI averaged 94.86 dollars a barrel, according to the EIA.
Exetel Australian telco contract
Exetel signed a contract with AAPT, Australia’s third largest
telecommunications service provider, to provide sales and support
services for AAPT’s small/medium data services to Australian companies.
The services to be sold and supported are AAPT’s Ethernet and fibre
business data services at prices of between $500.00 and $ 2,500 per
The number of circuits to be sold under this contract begin at 50
services per month in February 2012 ramping up to 400 services per month
in November 2012.
The American Chamber of Commerce in Sri Lanka (AmCham) is organising
a luncheon seminar on the “The Future of the Aviation Industry in Sri
Lanka” on January 20, at the Hilton Colombo from 12.30pm to 2.00 p.m.
The presentation will be followed by a moderated Q & A panel discussion.
Chairman, Airport and Aviation Services (Sri Lanka) Limited Prasanna
Wickramasuriya will be the guest speaker at this event.
ComBank presents Paymaster’s new EPF payment facility
The Commercial Bank of Ceylon recently presented its latest facility
for paying Employees’ Provident Fund (EPF) dues via ‘Paymaster’, the
Bank’s innovative electronic total payment solution, to a representative
audience from the corporate sector.
A large number of customers of Commercial Bank who use the Paymaster
solution and senior officials of the Bank and the EPF Board were among
those present at the Ceylon Continental Hotel.
Presentations were made by Commercial Bank’s Senior Manager for
e-Banking, Pradeep Banduwansa and the Superintendent of the Employees’
Provident Fund, Rupa Dheerasinghe.
Global Logistics Institute CEO to address ICS seminar
The Institute of Chartered Shipbrokers will celebrate its 25th
anniversary on February 9 with the participation of industry leaders in
To coincide with the celebrations, a half day seminar has been
organised. CEO of Global Logistics Institute in USA Kieran Ring will be
in Sri Lanka as guest speaker to share his expertise with Sri Lankans to
make Sri Lanka a hub in Asia.
Apart from Kieran Ring , ICS SL, eminent speakers Dr. Parakrama
Dissanyaka and Tony Dixon Chairman of ICS International will also speak.
The theme of the Seminar “Economic Crisis in the west and its
implications on shipping, ports and logistics”.
X1 music phone launched
E-tel, the most popular mobile brand in Sri Lanka has introduced X1,
designed exclusively for music lovers.
The handset offers unmatched surround sound quality and best in class
audio clarity through inbuilt sound engines.
It supports a vast range of music formats such as MP3, MIDI, AMR,
WAW, and AAC.
Its other features include dual SIM, VGA Camera, Mobile tracker,
Bluetooth, Powerful 1050 mAh Li-on battery, 500 contact phone book and
4GB Micro SD card.
Medicare 2012 from March 2-4
For the third consecutive year, the Department of Health - Western
Province have organised Medicare 2012 exhibition under the patronage of
the Ministry of Health, from March 2-4 at the BMICH.
The exhibition will focus on health and health-related technological
advances. Medicare will be a meeting place for healthcare stakeholders
including potential investors.
“Our goal is to ensure that the public receives timely, accurate and
important information with regard to health issues” said Chairman –
Medicare 2012 Dr. Amal Harsha De Silva.