Category: Industry
Bottomless Pit
Only 20 percent of grants and loans to rebuild after the Tsunami have been used by the government in the first year after the disaster. Only 20 percent of grants and loans to rebuild after the Tsunami have been used by the government in the first year after the disaster. It would take five and […]
What Next?
Poor management and labor issues are bigger challenges for apparel exporters from Sri Lanka than the phase out of quotas for garments earlier in the year according to an NGO. Poor management and labor issues are bigger challenges for apparel exporters from Sri Lanka than the phase out of quotas for garments earlier in the […]
Canada reaches out to help small hotel operator
Hotel operators are benefiting from expert advice from a Canadian non-profit organization that is volunteering to help developing countries grow through potential sectors like tourism and SMEs. Hotel operators are benefiting from expert advice from a Canadian non-profit organization that is volunteering to help developing countries grow through potential sectors like tourism and SMEs. A […]
People Power
People’s Bank is expecting a Rs.2 billion capital injection in the next couple of weeks after meeting important performance criteria. People’s Bank is expecting a Rs. 2 billion capital injection in the next couple of weeks after meeting important performance criteria. An Asian Development Bank (ADB) team that reviewed the bank’s performance last week said […]
Seafarers
The Colombo port is perceived to be the least advantages among four regional ports surveyed by the former SLPA Chairman.The Colombo port is perceived to be the least advantages among four regional ports surveyed by the former SLPA Chairman. Former SLPA Chairman and current Aitken Spence Shipping chief Dr.Parakrama Dissanayake told a seminar on trade […]
Lost Cause
Sri Lanka as of end-September had utilised less than a tenth of the loans and a quarter of the grants offered by foreign donors since last year’s unprecedented tsunami disaster, a top official said Friday.Sri Lanka as of end-September had utilised less than a tenth of the loans and a quarter of the grants offered […]
Red Hot
Linux based software giant Red Hat says setting up office here has helped gain access to lucrative government contracts.Linux based software giant Red Hat says setting up office here has helped gain access to lucrative government contracts. Red Hat India’s Business Manager for Sri Lanka, Amal R Dias on Friday said that since the open-source […]
More Money
The World Bank on Thursday approved a US0 million package of assistance to develop Sri Lanka’s roads and education.The World Bank on Thursday approved a US$160 million package of assistance to develop Sri Lanka’s roads and education. Up to US0 million credit from World Bank’s International Development Association (IDA) will finance development of national road […]
Busting Flour
India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead.India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead. Cabinet spokesperson Anura Priyadarshana Yapa told reporters on […]
Fire Alarm
A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. The fire was […]
Trunk Call
Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call centre business in the Asian region, a joint communiqué said Wednesday. Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call […]
Coin Collection
Sri Lanka’s Central Bank says it will save over Rs.600 million in minting costs as it gives a face lift to the island’s coin collection. Sri Lanka’s Central Bank says it will save over Rs. 600 million in minting costs as it gives a face lift to the island’s coin collection. Wednesday, Colombo : A […]