Category: Industry
Phone Charges
July 10, 2007 (LBO) – Sri Lanka Telecom has said it plans to switch to a time-based tariff structure from a unit-based one as part of a court settlement in which it will cut call charges. The case will be called again on August 27. In a telecom operator revenues are usually made up of […]
Tax Pain
July 10, 2007 (LBO) – Sri Lanka’s exporters have warned that delays in tax refunds and disbursements of export cess were hurting overseas marketing efforts and driving some businesses near bankruptcy. Delays experienced by exporters in getting value added tax (VAT) refunds is a “burning question,” said Mohan Mendis, the outgoing chairman of the Exporters’ […]
Living Daylights
July 10, 2007 (LBO) – SriLankan airlines will fly only during daytime till mid-September, to ensure that connections are available to other airlines and insurance fees are negotiated, the airline said Tuesday. “This has ensured that travel to Sri Lanka was facilitated without any significant interruption or reduction in capacity,” he said. “SriLankan Airlines is […]
Bangladesh in first day blues against Sri Lanka?
KANDY, Sri Lanka, July 10, 2007 (AFP) – Bangladesh are hounded by their repeated first innings failures as Sri Lanka seek a 3-0 sweep when the final Test starts here on Wednesday. The hosts, who won the previous two Tests by innings margins and plenty of time to spare, are firm favourites to secure their […]
Court Call
July 9, 2007 (LBO) – Sri Lanka’s telecom regulator has proposed slashing home rentals by 24 percent and call charges by over 8 percent, in a consumer interest case against the island’s largest fixed access provider, a court official said. The Telecommunications Regulatory Commission of Sri Lanka has suggested in court Monday that monthly domestic […]
Bug Fighting
July 9, 2007 (LBO) – The United States has given Sri Lanka protective gear, test and decontamination kits to combat an outbreak of bird flu, the US embassy in Colombo said.Sri Lanka government’s Department of Animal Production and Health had received 4,500 suits of personal protection equipment, 1,500 rapid test kits, and 40 decontamination kits […]
Risk Capital
July 09, 2007 (LBO) – At a time when the banking system is moving towards Basle II system, Sri Lanka’s insurance industry could benefit from the risk based capital (RBC) model, an international insurance professional has said. LBO: When you bring in something like RBC does it give you more flexibility to the industry? Webber: […]
After Dark
July 8, 2007 (AFP) – Dubai’s Emirates Airline said Sunday that night flights to Sri Lanka will resume after the end of a curfew in response to Tamil rebel air raids, but other carriers have not followed suit.The rebels, who are fighting for an independent homeland for the tropical island’s minority ethnic Tamils, have bombed […]
Sri Lanka names Twenty20 squad
July 7, 2007 (AFP) – Sri Lanka on Saturday named a 30-man preliminary squad for the inaugural Twenty20 world championships in South Africa in September. Sri Lankan squad: Mahela Jayawardene, Kumar Sangakkara, Dilruwan Perera, Upul Tharanga, Sanath Jayasuriya, Avishka Gunawardene, Mahela Udawatte, Tillakaratne Dilshan, Chamara Kapugedera, Michael Vandort, Jehan Mubarak, Thilina Kandamby, Chamara Silva, Farveez […]
English Penalty
July 07, 2007 (LBO) – Sri Lanka’s television industry aimed at English speakers have sought relief after a penal tax brought by Sinhala teledrama artistes threatened to put them out of business, officials said. The government had collected 160 million rupees and the money has been put in treasury bills Yapa said while a decision […]
‘t Open
July 06, 2007 (LBO) – Opening up Sri Lanka’s electricity sector to foreign competition under international free trade rules that are being negotiated could be dangerous, a senior engineer has warned. Commitments Sri Lanka might make under the General Agreement on Trade in Services (GATS), a multinational agreement covering trade in services, could be irrevocable, […]
Bangladesh go down fighting as Sri Lanka clinch series
July 5, 2007 (AFP) – Sri Lanka saw off a record stand between two young Bangladesh batsmen to win the second cricket Test by an innings and 90 runs with two days to spare on Thursday. Bangladesh, trailing by 389 runs in the first innings, were bowled out for 299 in the final session of […]