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Clothing Colony
The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment driver this year. The Board of Investment (BOI) will tap European Funding agencies to finance an apparel backward integration zone, with the sector expected to be a key investment […]
Between Lines
Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday.Companies operating in controversial industries like tobacco and alcohol give a better return to shareholders than traditional banking and finance stocks, a research report said Friday. Stockbrokers LOLC Securities have […]
Post Paid
Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery.Snail mail users will have to lick a Rs. 5 stamp with immediate effect, as the Postal Dept., closes the gap with its rising cost of delivery. A midnight […]
Inventing Impasse
From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power.From automatic toilet flushing devices to automatic string hopper machines, Sri Lanka’s home made inventions are fascinating, but fall short when it comes to selling power. “Most of our local […]
Playing Safe
Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy to hedge its crude imports, Treasury Secretary said.Sri Lanka’s foreign reserves have fallen to US$ 1.9 bn in October due to higher oil imports, but the government is still fighting shy […]
Coming Soon
Loss making state entities face the axe under a revised mandate for the Public Enterprises Reform Commission (PERC), now in the last stages of finalisation. Loss making state entities face the axe under a revised mandate for the Public Enterprises Reform Commission (PERC), now in the last stages of finalisation. Strategic Enterprises Reform Commission (SEMA) […]
Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image
Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image, the Tourist Board said Thursday. Sri Lanka is embarking on a US$ 7 mn tourism campaign next year to boost the island’s exotic image, the Tourist Board said Thursday. “We are going for a makeover to […]
Dusting Powder
The United States on Thu. donated US$ US 330,000 to the Colombo Plan to assist in combating drug use among Asian youth. The United States on Thu. donated US$ US 330,000 to the Colombo Plan to assist in combating drug use among Asian youth. Handing over the cheque, Ambassador Jeffrey J Lunstead commended on the […]
Bad Apples
Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies.Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies. […]
Hit & Run
The Transport Ministry will tap one percent of all third-party insurance to start a hit-and-run fund for pedestrians by end of this year.The Transport Ministry will tap one percent of all third-party insurance to start a hit-and-run fund for pedestrians by end of this year. “We will set up a fund using one percent of […]