Category: Industry
Mental Block
July 20, 2006 (LBO) – Trade union action at Sri Lanka’s main harbour entered its 10th day Thursday, despite a court ruling to restrain striking workers. The government urged striking union workers belonging to Sri Lanka Ports Authority to resume work despite union allegations that the Colombo District court order issued Wednesday is yet to […]
Fresh trouble in Sri Lanka Cricket as minister delays decision
July 19, 2006 (AFP) – Former Sri Lanka captain Arjuna Ranatunga on Wednesday slammed the sports minister for the delay in naming a committee to oversee the sport in the island nation.Sri Lanka President Mahinda Rajapakse had last week, on the request of Ranatunga and other former players, ordered that elections to a deeply divided […]
Long Call
July 19, 2006 (LBO) – Sri Lanka’s telecom watchdog Wednesday issued notice against two internet service providers for violating license conditions. The regulator said Lanka Global Online (Pvt) Ltd and Pan Lanka Networking (Pvt) Ltd for not filing their audited financial statements for four-years since 2002. Both firms were given 15 days to comply, Telecommunications […]
Phase Out
July 19, 2006 (LBO) – Sri Lanka’s state run transport authority will give private bus owners a financial handout to encourage them to replace run down buses with new ones. The National Transport Commission will give qualified bus owners 96,000 rupees per bus over 12 months little over three percent of the three million rupee […]
Let’s Talk
July 19, 2006 (LBO) – Sri Lanka’s ports minister Mangala Samaraweera said he was willing to negotiate with striking trade unions if they get back to work on Thursday. “I would like to invite all employees of the Sri Lanka Ports Authority who do not want to sabotage the SLPA (Sri Lanka Ports Authority), to […]
Bitter Prescription
July 18, 2006 (LBO) – Sri Lanka is taking a hard look on how to manage subsidising fuel prices amidst a worsening Middle East crisis that is threatening to send oil prices even higher. “Right now the middle east is entering into a sixth day of intensified conflict,” Treasury Secretary P B Jasundera said Tuesday […]
Govt agrees to rationalise lubricant tariffs
July 17 (LBO) – The government has agreed to amend lubricant tariffs, narrowing the gap between lube imports and raw materials like base oil, to spur competition in the sector. New investors will also be allowed to blend lubricants locally, though the small size of the local lube market is widely expected to support just […]
New Blend
July 17 (LBO) – The government has agreed to amend lubricant tariffs, narrowing the gap between lube imports and raw materials like base oil, to spur competition in the sector. New investors will also be allowed to blend lubricants locally, though the small size of the local lube market is widely expected to support just […]
Slow Down
VIENNA, July 17, 2006 (AFP) – Developments in the oil industry should help cool crude prices in 2007 but the market will remain vulnerable to geopolitical tensions, OPEC said in its July report published Monday. “The expected increase in OPEC capacity, combined with the projected decline in required OPEC crude, should help to moderate prices,” […]
Priority Road
July 17 (LBO) – A research study has indicated that the construction of the Colombo Outer Circle Road should have the highest priority, a logistics expert said. Professor Saman Bandara of the Transport and Logistics Department of the University of Moratuwa says the Outer Circle Road should be built before the proposed expressways. The second […]
Bigger Mix
July 16, 2006 (LBO) – Sri Lanka Sunday invited new lubricant players to invest in the country, following interest from a few foreign companies. The government’s privatisation unit, PERC, said new players can either: 1) import, export, blend, produce, supply, distribute and sell lubricants in Sri Lanka; or 2) import, export, supply, distribute and sell […]
‘s cricket umpires
NEW DELHI, July 16, 2006 (AFP) – India’s cricket chiefs are negotiating with Microsoft for new software aimed at raising umpiring standards in the country, an official said on Sunday. The Indian board will record all domestic matches with six cameras and the footage will be analysed by the software to be developed by Microsoft, […]