Category: Industry
Sri Lanka to use embarkation fee revenue to develop Kalpitiya Dutch Bay Island
December 2, 2006 (LBO) – Sri Lanka plans to part of its embarkation fee revenue to develop the Kalpitiya Dutch Bay Island into a tourist attraction, the government said Saturday. Cabinet of ministers had agreed to initiate the project across 5,000 acres of land at a cost of 350 million rupees. Tourism Minister Anura Bandaranaike […]
Costly Business
Dec 01 (LBO) – Sri Lanka’s export and import trade are to be slapped with higher terminal handling charges from January, shipping lines calling on the Colombo port said in a public notice on Friday. The India Pakistan Bangladesh Ceylon Conference (IPBCC) a grouping of about 19 shipping lines, said that they were revising rates […]
Next Show
November 30, 2006 (LBO) – Tough regulations are stifling growth of Sri Lanka’s cable and satellite television industry, a local research firm says, but is poised to take off as new and larger players’ lower costs and improve choice. Sri Lanka’s current penetration of satellite and cable channels is less than one percent of the […]
Trade Battle
WASHINGTON, Nov 30, 2006 (AFP) – The United States and Asian economies are divided over how to implement a plan to set up an Asia-Pacific free trade area, two weeks after agreeing to study the ambitious proposal. The Asian economies want to first establish a free trade area among themselves before considering the implementation of […]
Aid for AIDS
Dec 1, 2006 (LBO) – The United States said Friday that it would give Sri Lanka 650,000 dollars to help curb the AIDS virus in high risk areas of the island, officials from the US Agency for International Development, said. Department of Health Services, 2006 report says the number of reported cumulative AIDS deaths in […]
Potential Problem
Nov 30, 2006 (LBO) – Estimated 5.5 to six million people in South Asia is infected with AIDS which have become a severe epidemic but the HIV epidemic remains at a low level in Sri Lanka, the World Bank said Thursday. South Asia is a heterogeneous and highly mobile region the report says, where most […]
Horrible Dream
November 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd sank deeper into the red posting a 605 million net loss during the quarter ending Sept., as it is yet to collect billions of rupees from the Sri Lankan government for selling fuel below costs. A unit of the Fortune 500 Indian Oil Corp. […]
Maldives and India keeps Sri Lankan leisure operators afloat
November 29, 2006 (LBO) – Sri Lanka’s top hotel groups are increasingly relying on their Maldivian operations and investments into India for survival, as an escalation in violence deters visitors here “The projection for Sri Lanka is rather poor at least for the next few months. If the security situation improves hopefully, things will certainly […]
Toothache
Nov 27, 2006 (LBO) – Over half of Sri Lanka’s 19.5 million population suffer from dental problems ranging from cavities to cancer, due to poor oral hygiene and excessive use of fizzy drinks and junk food, the dental authority warned Tuesday. President of Sri Lanka Dental Association (SLDA) Dr Kumar Warnakula says the most prevalent […]
Dialog TV
November 27 2006 (LBO) – Dialog Telekom, the island’s biggest mobile phone operator, Monday announced plans to acquire satellite pay television operator Communiqu Broadband Networks (Pvt) Ltd and CBN Sat (Pvt) Ltd for 523.8 million rupees. Dialog Telekom, dominates the industry with over 3 million subscribers, followed by Mobitel Lanka, Celltel Lanka Ltd, Hutchinson. The […]
Tele Cash
November 27, 2006 (LBO) – Sri Lanka has raised about 40 million rupees from June-Sept by taxing foreign movies, dramas and sitcoms aired on local television stations, the finance ministry said. Introduced in June, the ministry said the levy on telecasts of foreign films, teledramas and commercials are aimed at safeguarding the local film industry […]
Audit Block
Nov 27, 2006 (LBO) – Sri Lanka’s audit examiners will stop visiting government offices to carry out audit work following on a pay dispute, putting the brakes on the country’s already slow auditing process. “The most important aspect of the state audit mechanisms is the audit examination,” the Union said in a statement. “We wish […]