Financial Times

Ban on high wattage bulbs
The import and local manufacture of incandescent (normal) bulbs of 75W and above will be banned within the month of July while promoting the use of CFL bulbs in a bid to reduce power consumption, according to the state-run Sustainable Energy Authority (SEA).
 
Staff downsizing in the garment sector
Factory closures or staff downsizing are common these days especially in the garment sector as Sri Lanka faces a twin crisis - an economic slump here and a global one forced by the US crisis. “Amongst the companies that are downsizing, the MAS Group and Brandix feature on top,” an industry official said.
 
Other Financial Times Articles
Chief Justice queries mystery company in SLIC privatisation
Public interest case over Cairn’s oil deal this week
Ceylon Hotel Corp. to raise funds
City hotels off-limits during SAARC
Children's laptops
Edge of a recession
Integrated approach needed to sustain construction industry
West Asian oil price boom provides major impetus to tea demand
Development of the Eastern Province – An urgent Need
Cargills empowers youth to take up leadership positions
YESL to host Global Entrepreneurship week in Sri Lanka
Improving standards of education
Many tankers at Colombo Dockyard for repairs
Cairn getting 65% revenue from oil exploration off Mannar basin
First Global Investments in giant stride towards attracting Gulf investments
Business brief
Want a minimum wage? Then forget about employment growth
Need to brand Sri Lankan rubber
IFC and Keells Super team up to strengthen sustainable sourcing
Fitch affirms 'BBB-(lka)' national rating of Pan Asia Bank
Farmer family makes Rs 1.5 mln per month at Norochcholai farm
Government-ILO pilot project helping Eastern communities rebuild livelihoods
Owners will not sell Parquet just yet
Vehicle emission tests to be made compulsory from July 15
Lankan professional featured in ACCA global magazine
International Widows day commemorated in Tangalle
Fallout at Stassen

 

 
 
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