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Slow Connection
eServices Lanka, the automated cargo clearance service, is looking to tie up with trade groups to coax more traffic online. eServices Lanka, the automated cargo clearance service, is looking to tie up with trade groups to coax more traffic online. “We are open to agreements with parties to increase clearance volumes,” said Sameera Samarakkody, Business […]
Cyber Battles
The World Intellectual Property Office (WIPO) says cyber squatters are increasingly encroaching dot coms and country code domains, all over the world.The World Intellectual Property Office (WIPO) says cyber squatters are increasingly encroaching dot coms and country code domains, all over the world. According to WIPO cyber squatting, or the illegal use of names or […]
Still Afloat
Union Assurance Ltd closed the fiscal year 2004 with a Rs.60 mn loss after the recent tsunami washed ashore over 160 insurance claims.Union Assurance Ltd closed the fiscal year 2004 with a Rs. 60 mn loss after the recent tsunami washed ashore over 160 insurance claims. The relatively small insurance firm picked up a hefty […]
Hotels eligible for one-year import duty waiver, starting March 1, Ministry of Tourism.
Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. Local hotels are eligible for a one-year import duty waiver, starting March 1, for tsunami reconstruction, says Ministry of Tourism. “The Finance Ministry agreed to grant an import duty waiver for the hotels for one […]
Join Us
The Commercial Bank of Ceylon has established a fully-owned subsidiary to offer employee training and development, banking education, executive search and recruitment, Human Resources (HR) consultation and other HR related services to corporate sector entities in Sri Lanka.The new company, X-Pertise Limited is an extension of the training facilities provided by the Bank’s Staff Development […]
Violence escalates as Norway fails in bid to end Sri Lanka peace deadlock
Sri Lanka Tuesday investigated escalating violence as a top Norwegian envoy ended another mission without a breakthrough in restarting peace talks between Tiger rebels and the government, officials said.Sri Lanka Tuesday investigated escalating violence as a top Norwegian envoy ended another mission without a breakthrough in restarting peace talks between Tiger rebels and the government, […]
Sri Lanka’s 2004 trade deficit widens by US$ 677 mn, dragged down by a 44% jump in oil import bill
Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import bill cost the cashed starved treasury an extra US$ 372 mn, the Central Bank said Monday.Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import […]
Final Run
Gulf Air said Monday that they would quit Sri Lanka by mid March this year, as soaring oil prices and stiff competition from other Middle East carriers puts the squeeze on operations.Gulf Air said Monday that they would quit Sri Lanka by mid March this year, as soaring oil prices and stiff competition from other […]
Hollow Tone
Sri Lanka Telecom’s group net profits fell 43 percent for the year ended Dec.31, 2004, dragged down by tsunami related costs and a new levy on international calls. Sri Lanka Telecom’s group net profits fell 43 percent for the year ended Dec. 31, 2004, dragged down by tsunami related costs and a new levy on […]
Consumer prices in the 12 months to Feb galloped ahead to top 15.9%, the highest levels seen since May 2001
Continuing last year’s rising price trend, Sri Lanka’s inflation continued to gallop away topping 15.9 percent in February, up from 14.6 percent in January, the Census & Statistics Dept said Monday. Continuing last year’s rising price trend, Sri Lanka’s inflation continued to gallop away topping 15.9 percent in February, up from 14.6 percent in January, […]