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Indian Presence
Jan. 29 (LBO) – Mumbai based UTI Bank has sought a license to set up a commercial bank in Sri Lanka, soon after ICICI bank was given the go ahead to start operations by the Central Bank of Sri Lanka.Pending the license, UTI Bank has tied with Asia Capital, the parent company of Asia Securities, […]
Quick Exit
Jan 30(LBO) -Sri Lanka’s Department of Immigration and Emigration is trying to reduce the queue up for passports. Jan 30(LBO) -Sri Lanka’s Department of Immigration and Emigration is trying to reduce the queue up for passports. The national body issuing passports for Sri Lankans to legally leave the island said on Monday, that it will […]
Warning from the sky
Jan. 29 (LBR) – A Sri Lankan research organisation is deploying a satellite dependent early warning system to warn people about natural disasters like tsunamis and cyclones. Jan. 29 (LBR) – A Sri Lankan research organisation is deploying a satellite dependent early warning system to warn people about natural disasters like tsunamis and cyclones. Once […]
Garbage In
Jan. 29 (LBR) – Municipal councils are inconsiderate and residents are dumping garbage as the city struggles with managing large amounts of waste. Jan. 29 (LBR) – Municipal councils are inconsiderate and residents are dumping garbage as the city struggles with managing large amounts of waste. Dumping in wetlands and open fields has not only […]
High Power
Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to around Rs.11.00 a unit once an expensive diesel plant comes on line next year to shore up the crisis riddled energy sector according to an expert.Jan. 29 (LBR) – Electricity generation costs are likely to jump by 20 percent to […]
Peace Advice
Jan. 29 (LBR) – Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts.Jan. 29 (LBR) – Big business can do more to cement the peace process by focusing on weak links like human rights and promoting pluralism according to experts. […]
Social Constraints
Sri Lankan architects say post-tsunami reconstruction has ignored the coastal community’s social makeup and small neighbourhood lifestyles.Sri Lanka Institute of Architects President Rukshan Widyalankara says the island’s population live in a small neighbourhood setup, with each household establishing its “status” through the size, structure and contents of their homes. “Neighbourhoods thrive on the concept of […]
Galadari Hotels to convert long standing debt, to equity
Sri Lankan five star city hotel Galadari Hotels Limited, will seek shareholders approval to convert part of two long standing loans, to equity.Sri Lankan five star city hotel Galadari Hotels Limited, will seek shareholders approval to convert part of two long standing loans, to equity. In a statement to the Colombo Stock Exchange (CSE) the […]
Crowded Space
World Intellectual Property Organisation (WIPO) reports a 20 percent jump in action against cybersquatting but Sri Lankan companies still not defending their names in cyberspace.World Intellectual Property Organisation (WIPO) reports a 20 percent jump in action against cybersquatting but Sri Lankan companies still not defending their names in cyberspace. WIPO says 1,456 cases were filed […]
Thrice Lucky
The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan.The Asian Development Bank says it is willing to stay on in the power sector, despite the government missing its second deadline for a US$ 60 million loan. […]