Business

Continental commemorates 150 years of helping customers see ‘The Future In Motion’

Published

2 years ago

2021/11/4

Douglas and Sons (DSL), a pioneer in importing and distributing auto parts, tyres, batteries, agricultural equipment and industrial parts, announced that Continental, a brand for which it is the official distributor in Sri Lanka, recently celebrated its 150th anniversary. Continental is one of the largest automotive technology suppliers and is the fourth largest tyre manufacturer in the world.

Since its establishment in 1871 in Germany as a local manufacturer of tyres and soft rubber products, Continental has today grown into an international technology company that offers safe, efficient, intelligent, and affordable solutions for today’s travel needs. Around the world, three out of four vehicles are equipped with either Continental tyres or automotive technologies, with an estimated one billion people using Continental every day.

Speaking on this milestone, Saroj Perera, Chairman/Managing Director of Douglas & Sons (Pvt) Ltd said, “We warmly congratulate Continental on its achievement of reaching 15 decades of operations, globally. Offering safe, cost effective and environmentally friendly transport solutions, Continental is well loved in Sri Lanka, and we wish them many more years of success.”

Continental partnered with DSL in 2014 when DSL endeavoured to provide replacements for the growing number of European vehicles on our roads, since Continental is one of the preferred Original Equipment Manufacturer (OEM) for these European vehicles.

Douglas and Sons (Pvt) Ltd was established in 1986 with a vision to deliver excellence across the board and has today grown into a strong, diversified conglomerate with a passion for innovation that cares for the environment in the markets in which it operates. Its diversity and close ties with stakeholders in all key aspects of the economy forms the bedrock of its success in the country. Its access to key global players enables it to display and market the finest and internationally reputed auto parts, tires and batteries through their distributors located island wide.

Founded in 1871, Continental is a multinational company which manufactures tires for passenger cars, commercial vehicles, and two-wheelers. It is one of the foremost leaders in tire technology and tire production, with a broad product range suitable for use in a variety of conditions and applications. Through continuous investment in research and development, Continental makes a significant contribution to mobility that’s secure, cost-effective, and ecologically friendly.

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Business

Oil prices rise as Saudi Arabia pledges output cuts – Opec+

Published

17 hours ago

2023/06/5

Priyan

(picture BBC)

Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.

Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July and Opec+ said targets would drop by a further 1.4 million bpd from 2024.

Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.

In Asia trade on Monday, Brent crude oil rose by as much as 2.4% before settling at around $77 a barrel.

The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.

Total production cuts, which Opec+ has undertaken since October 2022, reached 3.66 million bpd, according to Russian Deputy Prime Minister Alexander Novak.

Opec+, a formulation which refers to the Organization of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.

(BBC)

Business

Manpower services agency wins accolades for its contribution to foreign employment sector

Published

20 hours ago

2023/06/5

Thilina Walpola

Siraj Cafoor, Managing Director of Siraj Manpower Services receives the award

Its MD says. ‘go abroad only if you can work hard’

Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have made a significant contribution to the development of the foreign employment sector, which is a major source of foreign exchange for Sri Lanka. Siraj Cafoor, Managing Director of Siraj Manpower Services, was presented with the award at the award ceremony which was held at the BMICH in Colombo under the patronage of Minister of Foreign Employment and Labour Manusha Nanayakkara.

Having been established in 2002, Siraj Manpower Services (www.sirajmanpower.lk) has earned a reputation in the field of foreign employment by winning the trust of customers for more than 20 years. It has been offering job opportunities in the Middle East countries such as Kuwait, Qatar, Dubai and Saudi Arabia, and Malaysia as housekeepers, drivers, sanitation workers, labourers and also jobs related to the apparel industry. All these workers are entitled to approved salary scales certified by the SLBFE.

“We always stand for the safety of workers who go abroad through our organisation. We work to solve the problems that arise in relation to the contracts that the workers have entered into. I must mention something special to those who go abroad for employment. That is, you should keep in mind that you go abroad only to work. Go abroad only if you can work hard. You have to remember that you are going abroad to earn some more money and achieve the advancement of your family.” said Siraj Cafoor.

Business

Direct flights between Istanbul and Katunayake to commence from August

Published

20 hours ago

2023/06/5

Thilina Walpola

A special discussion between Turkish Ambassador – Demet Sekercioglu and Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva took place last week at the ministry office. The aim of the discussion was to seek authorization to commence direct flights from the Turkish Capital Istanbul to Katunayake, Sri Lanka. The Chief of Turkish Airlines’ South Asia Office Fathi Bozkurt was also present during the discussion.

Currently, Turkish Airlines connects with Sri Lanka through a route that includes a stopover in the Maldives, resulting in an additional travel time of one and a half hours. The delay caused by this routing is not favored by travelers, as emphasized by the Ambassador.

The Chief of Turkish Airlines requested for time and space to be allocated in order to initiate direct flights between Istanbul and Katunaike, thus providing convenience for Turkish tourists and travelers who prefer visit Sri Lanka.

The Minister announced that the request would be forwarded to the Director General of the Civil Aviation Authority of Sri Lanka and the Airport and Aviation Services (Sri Lanka) (Private) Limited. The aim is to establish direct flights between Istanbul and Katunayake starting from August this year.

Turkish Airlines, a renowned airline with a fleet of over 100 aircraft, offers flights connecting Europe’s Vancouver and New York. The Chief of Turkish Airlines said that the new service would not only benefit European travelers but also encourage them to travel to Sri Lanka.