Category: Industry
Short Call
Sri Lanka’s telecom regulator is reviving a long overdue access-code plan coming under the 2003 international voice market liberalization. Sri Lanka’s telecom regulator is reviving a long overdue access-code plan coming under the 2003 international voice market liberalization. The four digit numbers proposed during the 2003 liberalisation process recommended access codes as a means of […]
Double Take
Sri Lanka is to double its license fees for lubricant operators and invite more players paving the way for state-run Ceylon Petroleum Corp.to also join the fray, Energy Minister M H M Fowzie said Monday. Sri Lanka is to double its license fees for lubricant operators and invite more players paving the way for state-run […]
Sri Lanka launches new India campaign, as Nov. tourist arrivals dip
Sri Lanka is launching a fresh publicity blitz to entice Indians to spend their summer vacation, as the tropical island struggles to fill up hotel rooms that remain largely empty following the tsunami and an outbreak of fresh violence in the northeast, officials said.The tropical island has seen arrivals plummet 25.4 percent to 48,457 in […]
Convenient Marriage
Sri Lanka’s DFCC Bank is in talks with the Distilleries Group to sell off part of its stake in National Asset Management Ltd or NAMAL, a top official said Monday.Sri Lanka’s DFCC Bank is in talks with the Distilleries Group to sell off part of its stake in National Asset Management Ltd or NAMAL, a […]
Lucky Strike
People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. People’s Leasing Co. Ltd has struck a deal with India’s Ashok Leyland to import commercial vehicles for its customers. The one-year deal allows PLC to open letters of credit up to Rs.3 billion, the firm’s Chief […]
‘s post-tsunami tourism revival
BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed by this month’s violence that killed more than 80 people and fuelled fears of a return to war, officials say.BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed […]
Brotherly Act
Sampath Bank said Friday it has infused more capital into Union Bank which will raise its stakes from 16 to 24 percent. Sampath Bank said Friday it has infused more capital into Union Bank which will raise its stakes from 16 to 24 percent. With an extra Rs. 100 million capital infusion, Union Bank now […]
Violence destroys Sri Lanka’s post-tsunami tourism revival
BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed by this month’s violence that killed more than 80 people and fuelled fears of a return to war, officials say.BENTOTA, Sri Lanka, Dec 31 (AFP) – Hopes of reviving Sri Lanka’s tsunami-hit tourism industry have been crushed […]
Baby Boom
More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF.More resources needed to cope with increasing birth rates among tsunami victims in Sri Lanka’s East coast, says UNICEF. Families in the East coast that lost their children to the tsunami in December last year, are trying […]
Right Off
Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. A 75 month […]
Land Sale
The Trade Ministry says NDB Stockbrokers and NDB Investment Bank would be given the task of selling prime Union Place land belonging to Co-operative Wholesale Establishment, on the stock exchange early next year. The Trade Ministry says NDB Stockbrokers and NDB Investment Bank would be given the task of selling prime Union Place land belonging […]
At Sea
A long overdue project to modernize hydrographic maps of the sea around Sri Lanka has been bogged down for more than a year, after the research ship used in the venture was caught and destroyed in the December 26th tsunami.A long overdue project to modernize hydrographic maps of the sea around Sri Lanka has been […]