AirAsia has found an Indian partner to open an AirAsia India operation in India for Domestic and International operations.
The AirAsia has teamed up with India’s Tata group and Hindustan Aviation to set up a new airline to be known as AirAsia India.
In the deal, the Indian parties will take 51 % equity stake while AirAsia will hold the remaining 49 %. Which is the equity it normally takes in its foreign joint ventures. Of the 51%, Sources said Tata Group will have 30% stake and Hindustan Aviation 21% equity stake.
The three parties is said to have signed the partnership agreement this week and have submitted a proposal to the Indian government to seek a domestic air services licences also this week.
China starts services on the world largest high speed rail route on 27th December 2012 from Beijing to Guangzhou of 2,298 Km.
At the initial travels the trains traveled at an average speed of 300 Km per Hour over the line includes 35 stops in major cities.
China established high speed rail networks in 2007 and complete its world largest railway track of 8,358Km in 2010 and it could be expected to be almost double in 2020.
The New High Speed Train services are launched before China’s Lunar New Year Holiday Period which falls in mid of February 2013. So this train service would be more utilized by hundreds of millions people in China.
The U.S Consulate centre, Mumbai organizing TechCamp Mumbai 2013 a South Asia regional conference on February 19- 21st 2013. The event will be focus on the theme of youth empowerment through 140 international technology experts for highly motivated NGO participants from India, Pakistan, Afghanistan, Nepal, Bangladesh, Srilanka and Maldives.
The TechCamp Mumbai 2013 will provides low or no cost new and online technology training to help them address some of the most pressing social changes in south asia.
See below image for more information about TechCamp Mumbai 2013 and process to participate.
Japan one of the old and longest friend nation of Srilanka would like to take new Investment opportunities in 2012 and 2013.
Investment on Fishery Industry
The recent trends shows that the Japan is keen to invest in Srilankan Fishing industry specially the “Tuna King” Kiyoshi Kimura recently visited to Srilanka and has agreed to invest in Srilanka and provides necessary technical assistants to Srilankan Fishery industry.
Investment of Ayurvadic products
A set of Japanese Delegations visits srilanka recently and made feasibility on starting 500 Ayurvadic centers and spa in Japan and some in Srilanka. Especially the Ayurvadic products are keen to used for the elders homes and cure for varies ills.
Investment on Government Treasury Bills
The Tokyo Investment house has an initial position to invest about Japans Yen of 10 Billion (USD 125 Million) in Srilanka Government Treasury Bills and Bonds.
Investment in Hotels
The Teoria Investment Co.Ltd have made an decisions to purchases few Hotels in Srilanka in Down South and helps to tourism in Srilanka
Investment of Solar Power Generation
The Zuc International having an idea to invest in Srilanka on the developing 10 MW power generation via solar plant. This would approximate the investment of USD 50 Million.
Most of the recent investment opportunities are indicating the Srilanka to develop the position towards to better country around the world.
The Aviation history made in Srilanka on December 7, 1912, when to Frenchmen flew an aircraft over Colombo Race Course. It was an aircraft brought by sea and assembled through more than a year. Now is capable to handle 6,000,000 Passengers 200 Metric Tons of Cargos and 43,600 Aircrafts in the year of 2011.
See below image for detail version of Srilanka Aviation history from 1912 to 2012
The Srilanka’s first Satellite Supreme Sat I launched successfully today (November 27) at 15.43 Hours on board China’s Long March 3B/E Launch vehicle from the Xi-Chang launch Centre.
Srilanka become 45 Country to own Communication Satellite and becomes third in south Asian country to have launched a satellite after India and Pakistan.
The Satellite will be position above Srilanka in Geo Stationary orbit of 87.5 degree east nearly 36000 km from surface of the earth. The satellite would expect to use for commercial purposes and life time of 15 years.
The launched was initially expected on 22nd November 2012, but it was postpone due to technical and Weather conditions.
Last Wednesday Russia made a statement of List of Bans website with Name of YouTube, where Russian officials says there was intention was to ban 22 Specific videos, rather than whole service; Notably video on “How to commit suicide”.
While the Communication Ministry spokesman says it was a “Technical Mistakes”, but there was favors and negative arguments are give on to ban YouTube and other listed sites.
Are you a small or medium Scale Coconut Based Product Producer or Manufacturer, here is an opportunity to identify your Foreign Customers or New Market for your products.
If you are Srilankan Manufacturer and Exporter of the Coconut Based products such as Coir Fiber pots & Polls, Coir Fiber Pith & Bricks, Grow bags, Geo Textiles, Coir Twine & Yarn and Related Products, you could participate the IPM ESSEN 2013 International Exhibition on Agriculture & Garden Industry at Essen, Germany from 22nd January to 25th January 2013.
Those participants of Coconut Product Manufactures or Exporters would enjoy benefits as
To be part of Srilanka Delegation to represent the above exhibition
Free Space in CDA Stall to Exhibit and promote their products.
The Preference will be give to Small and Medium Scale Entrepreneurs, so hurry up today and Contact
Srilanka becomes 45th Country to own a Communication Satellite and becomes third South Asian Country to Launched Satellites after India and Pakistan. The Satellite Supreme SAT I would be a milestone for Srilankan Communication Technology and generate Foreign incomes with commercial operations.
The Satellite Supreme SAT I will be launched from Xichang Satellite launch centre in China today and will be positioned above Srilanka in the Geo-Stationary orbit at 87.5 degree east and will operational for commercial purposes.
The Board of Investment (BOI) enter an agreement in early this year into partnership with Supreme SAT (Pvt) Ltd to Launched its communication satellite for Srilanka. the Supreme SAT is an 27th Private company in the word to own satellite. The Satellite Supreme SAT will be established a satellite earth station at Pallekele in Kandy soon.
The Supreme SAT in negotiation between Maldives and Afghanistan to build satellite for them.
The Embassy of Srilanka in Berlin in Coloration with Srilanka Promotion bureau in Colombo. The promotion is carried out on 100 Taxies as pasted movies on both side of taxis displayed wildlife, Adventure Sports, Cultural Heritage, Ayurveda Treatment and Beaches of Srilanka.
This Promotion is carried out to attract Srilanka Locations to Germany, which it is the third biggest market and arrival of German tourists has increased in 46% in the month of Spetember 2012.
President Mahinda Rajapaksa submitted the Srilanka Government 2013 Budget to Srilanka Parliament as the Minister of Finance.
Key Budget Proposals are
Budget and Fulfillment of Education Sector Needs
The budget is allocating 4.1% of the GDP for the Education Sector which is Rs. 306 Billion towards to improve the educational sector demands. This is lead to satisfy the improvement of Educational quality of Universities and Secondary Education.
Rs. 1 Billion for Housing loan Scheme for Security forces personal
Rs. 1000 Million allocate for 3 years rehabilitation programme to improve housing condition of families in Security forces.
950 Million For Police Development
Rs. 950 Million were allocated for 2013 for develop its academy for training and human resource development and rehabilitation and construction of Police Stations.
USD 4000 per capita Income by 2016
Srilanka is looking forward to achieve USD 4,000 Per Capital income by 2016 to be Upper Middle Income country.
Reach Investment level to 35% of GDP
The Srilanka towards to achieve gradual increase in Investment level in 35% of GDP.
Total Exports and Imports improvements
The total export earning has reduce by USD 0.6 Billion (USD 9.50 Billion to USD 10.1 Billion in Last year) and Total Imports also reduced by USD 1.5 Billion from last year (USD 20 Billion to USD 18.50 Billion)
Maintain foreign reserve as USD 7 Billion
The Government aim to maintain USD 7 Billion as a Foreign Reserve and stabilize the foreign exchange market.
Maintain Budget Deficit lower on GDP and lead Positive
The Government is looking forward to maintain their deficit under the GDP growth and reduce the gaps for long term.
Rs. 500 Million on National Reconciliation
The Government willing to Spend Rs. 500 Million on national integration and improvement and promotion of trilingual Srilanka, Social integration programme, Rehabilitation of Ex combatants and all national integration process.
Rs. 200 Million on Family, Religion and Cultural improvements
The Government supports to improve the Family, Religion and Cultural improvements and maintain empowered the family valued with Rs. 200 Million.
A Poverty Free Srilanka
The government in improved process on reduces and achieves Poverty free Srilanka; in 2012 Srilanka indicated 8.9% as Poverty.
Free Health food and Pair of Shoes for School Children
The Government proposed to give Cereal, Milk and Eggs for Free of Charge to isolated rural area, and looking forward to give pair of shoes too.
Rs. 1,500 Million to be Poverty Free Srilanka in 2016
The Government looks forward to invest Rs. 1,500 Million to intensify poverty reduction initiatives targeting remain poor.
Attractive to Foreign Investment
The Government looking for the foreign and local investment on the Post cities, Nano parks and IT Parks and encourage doing business.
Improvement of Foreign Currency management
USD 15 Billion
USD 18 Billion
USD 2.5 Billion
USD 10 Billion
Rs. 500 Million on Green Environment
The government willing to invest on Rs. 500 Million in 2013 and Rs. 1,500 Million to be utilized over 3 Years to expand the forest coverage to 35% of land to targeting 250,00 Hectares in island wide.
November 8, 2012. The President of Srilanka submitted the Annual Budget for the year of 2013, with much more grants and beneficial to ordinary people with highly enriched industrial focus for long term.
Those who would like to obtain the Whole Budget Speech 2013 could obtain by Click Here
The Hambantota International Airports is tested by first test flight landing in last week, where it’s a confirmation of the Air transport technological supports and the Airport ready for Commercial operations.
As per the general public expectation the Hambantota Airport may expected open in 2013/2014 for commercial operations.
The World Bank and International Finance Corporation (IFC) announced their report of ease doing business ranging in world. Where Srilanka is ranged as 81st positions, which were 89th position from last year.
As usual the Singapore and Hong Kong remain 1st and 2nd Place. The Srilanka is highe ranged country among the South Asian countries, and which indicating high inflows of Foreign Direct Investment and development of Infrastructure.
The National Library of Srilanka made an offer to give 10,000 Library memberships for FREE of Charges for 1 year. This would be ultimate opportunity for Academics, Researchers, University students, Journalist or who seeking knowledge.
Visit today to any of the National Library nearby you and obtain your Library membership for Free of charge only on this Month.
For more information contact to Colombo Public Library.
The Starbucks will open its 1st outlets in India by October in an upscale neighborhood of Mumbai. The Starbucks operating in India through a 50:50jointventure with Tata Global Beverages, with new name of TATA Starbucks ltd.
The TATA Starbucks ltd aimed to open 50 TATA Starbucks outlets in India by January 2013. It’s an opportunity for Indians to enjoy their Starbuck Coffee at TATA Starbucks.
The Srilanka and Pakistan have recorded more the USD 400 Million trades in the year of 2012, which was the double the amount trades carries in 2011.
This indicating many Pakistani Business men are interested to carry out their businesses in Srilanka which 25 Pakistani Companies are operating currently in Srilanka. The more participate of the Trade fair actives in Pakistan and Srilanka would lead to higher level of trades between both countries.
Especially the Tourism, Real estate, food, Spices and Coconut products are high contributing trades between Srilanka and Pakistan.
The Diversity Immigrant Visa Lottery Programme (Green Card) is to select applicants to legally live and Work or study in USA each year. Srilankan and Maldivian are eligible to apply for this year too,
You could register online by Clicking Hereand could obtain more instructions as above links.
Registration for Diversity Immigrant Visa Lottery Programme (Green Card) will be open from October 2, 2012 to November 3. 2012. Those individual as requested to apply soon as possible to avoid any delays. An applicant may only register once; more than one entry will result to automatic disqualification
In the beginning of May 1, 2013, applicant may check their status on their applications with their confirmation number. The winner of the Diversity Immigrant Visa Lottery Programme (Green Card) will not notice by Postal mail, Email or Telephone calls.
Thousands of Bohra from around the world will attend a sermon in Colombo, Dawoodi Bohra Community and Member of Bohra Royal Family, Syedi Aali Qadr Mufaddal Bhaisaheb Saifuddin Arrived in the country to deliver a sermon and meet the followers of Dawoodi Bohra Community in Colombo.
The first historic visit to the island made by His Holiness Syedi Aali Qadr Mufaddal Bhai Saheb after his elevation as successor to His Holiness Syedna Mohammed Burhanuddin Saheb.
The Mostly expected the Colombo International Book fair 2012 have started today 18th September 2012.
The event will be held in BMICH till 26th September 2012 to benefits all the book lovers, its an great opportunity for srilankan to obtain best book collections at an affordable prices and with special discounts.
The Malaysian low cost airline Air Asia is in talks with Serbian National Airline JAT, the Air Asia is looking forward to develop the Belgrade it as a regional hub for Flights from Europe and Far East via Kuala Lumpur.
The JAT is a Loss making airline which creates losses of USD 34 Million with the total Euro 300 Million, and JAT holding 14 Fleets of 10 Boeing 737-300 and 4 ATR 72-200 which are 20 years old now.
While these purchases will be helping Air Asia to improve their Services in a wider range without any Flighting air traffic in Malaysian airports.
This option would cost effective for the Air Asia to improve the performance in the long run