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Oil Strike
Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead with plans to sell off petroleum assets to India’s Bharat petroleum. Over 5000 workers at Ceypetco’s Kolonnawa terminal and its Colombo head office staged a walkout on rumours the government will go ahead […]
The US embassy in Sri Lanka reopens next Monday, after a hoax anthrax scare.
The US embassy in Sri Lanka reopens next Monday, after a hoax anthrax scare.The US embassy in Sri Lanka reopens next Monday, after a hoax anthrax scare. The embassy was shut on Tuesday after receiving a letter which contained some unidentified “powder”. Fearing an anthrax-type attack, the embassy shut its air conditioning system, switched off […]
Central Bank raises US$ 50 mn in bonds, and opts for moralsuation to prop the rupee
The Central Bank has raised US$ 50 mn on behalf of the government by way of a two-year Sri Lanka Development bond priced at 179.51 basis points above six months LIBOR. The Central Bank has raised US$ 50 mn on behalf of the government by way of a two-year Sri Lanka Development bond priced at […]
Mighty Force
Deutsche Bank on Wednesday inked a strategic alliance with Hatton National Bank to offer corporate finance services in Sri Lanka. The move is similar to a model adopted by Deutsche in India, where they team up with domestic banks to provide services to mid and upper companies, explains R Theagarajah, Senior Deputy General Manager HNB.rn […]
Chill Out
Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes.Local electricity authorities are trying to encourage consumers to save on electricity by lending the funds for investment in energy saving schemes. A proposal to set up an Rs 30 mn fund to finance […]
Auto Pilot
SriLankan Airlines have been asked to hold airfares steady, even as domestic airlines hike prices to Jaffna to cover the soaring cost of fuel.SriLankan Airlines have been asked to hold airfares steady, even as domestic airlines hike prices to Jaffna to cover the soaring cost of fuel. The three domestic operators Lion Air, Expo Aviation […]
Powder Puff
The US embassy in Sri Lanka was shut indefinitely Tuesday due to a “security threat” after a letter containing a suspect substance was received, diplomatic sources said.The US embassy in Sri Lanka was shut indefinitely Tuesday due to a “security threat” after a letter containing a suspect substance was received, diplomatic sources said. Staff were […]
Mobile Chat
Payphone operator Tritel, has launched a mobile telecom booth facility to provide IDD and local call facilities to rural folks. Payphone operator Tritel, has launched a mobile telecom booth facility to provide IDD and local call facilities to rural folks. Initially seven Tritel tricycles, each worth about Rs. 125,000, will roam rural hamlets off Anuradhapura, […]
Tech On Wheels
A blue and green IT exhibition on wheels hit the roads of Colombo on Wednesday on its way to introduce information technology to rural Sri Lanka. A blue and green IT exhibition on wheels hit the roads of Colombo on Wednesday on its way to introduce information technology to rural Sri Lanka. “The idea is […]
Nerd Centre
Cellular operator Dialog GSM, teamed up with the Moratuwa University to set up Sri Lanka’s first research lab for mobile technology. Cellular operator Dialog GSM, teamed up with the Moratuwa University to set up Sri Lanka’s first research lab for mobile technology. Branded as the ‘Dialog – University of Moratuwa Mobile Communications Research Laboratory,’ the […]