Author: lbostgadmin
Maxed Out
Ceypetco unions suspended their lightening strike late Saturday following a Presidential assurance that petroleum assets will not be privatised before getting Cabinet approval. Minister K D Lal Kantha, who also heads the JVP’s Inter Company Union said that Finance Minister Dr.Sarath Amunugama had conveyed President Chandrika Kumaratunga’s assurance that the asset sale will not go […]
Dressing Up
The Public Enterprise Reform Commission says it is working on 30 state firms which will be restructured in the coming months.rnrn Among the rnhitlist are institutions like Shell Gas, Elkaduwa Plantations and Lanka Salt, rnwhich were previously earmarked for privatisation, PERC said in its website.rn However, Sri rnLanka Telecom is a notable absentee.rn Among the […]
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 […]
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 […]
JKH puts all its hotels under on company, Keells Hotels Ltd
Conglomerate John Keells Holdings has put all its hotels under one unit – Keells Hotels Ltd – which will be listed on the Colombo Stock Exchange Conglomerate John Keells Holdings has put all its hotels under one unit – Keells Hotels Ltd – which will be listed on the Colombo Stock Exchange A 100 percent […]
Central Bank warns price adjustments are inevitable to keep budget on track
The Central Bank opted not to tinker with its short-term rates, but warned that holding back fuel price adjustments makes it difficult to balance the budget on an even keel. The Central Bank opted not to tinker with its short-term rates, but warned that holding back fuel price adjustments makes it difficult to balance the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]