Category: Industry
Safe Deposit
Sri Lanka’s Central Bank is drawing up laws to keep close tabs on companies engaged in transfer of money into the country, an official said.Sri Lanka’s Central Bank is drawing up laws to keep close tabs on companies engaged in transfer of money into the country, an official said. Just under a million of the […]
Plugged In
Global banking giant HSBC Group opened its US$ 31 million call centre operation in Sri Lanka Tuesday, as local financial markets dived on news that seven soldiers had died following early morning landmine explosion in the North.Global banking giant HSBC Group opened its US$ 31 million call centre operation in Sri Lanka Tuesday, as local […]
Pumping Money
NEW DELHI, Dec 5 (AFP) – The chairman of Intel, the world’s largest chipmaker, said Monday the company planned to invest more than one billion dollars to expand in India in the next five years, a news report said.NEW DELHI, Dec 5 (AFP) – The chairman of Intel, the world’s largest chipmaker, said Monday the […]
‘s Hemas Holdings checks out of Lihiniya Surf
Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Around 4.3 million shares held […]
Sri Lanka’s Hemas Holdings checks out of Lihiniya Surf
Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Around 4.3 million shares held […]
Discount
The EU parliament agreed last week to pass laws to allow European companies over ride drug patents, for developing countries in need.The EU parliament agreed last week to pass laws to allow European companies over ride drug patents, for developing countries in need. The patent override is possible only by European companies, through a special […]
Tele Medicine
Apollo Hospitals will broad base access to its medical faculties with at least four telemedicine centers spread across the island.Apollo Hospitals will broad base access to its medical faculties with at least four telemedicine centers spread across the island. Currently in its final stages of planning the project is expected to get off ground in […]
Bill This Too
Cellular giant, Dialog Telekom will tap the “on the way home” supermarket chain, to allow its 400,000 post paid customer base to pay their phone bills along with their shopping beginning Monday.Cellular giant, Dialog Telekom will tap the “on the way home” supermarket chain, to allow its 400,000 post paid customer base to pay their […]
Price of Work
Remittances from Sri Lankans working abroad will reach US$ 1.7 billion this year compared to US$ 1.5 billion last year but is it a net gain?Remittances from Sri Lankans working abroad will reach US$ 1.7 billion this year compared to US$ 1.5 billion last year but is it a net gain? Given the high use […]
‘s Child
Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, under estimating of reconstruction cost and political interference according to a study.Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, […]
Off the Shelf
Sri Lankan shoppers buy the same sort of items and brands irrespective of whether they shop in a plus super market or the neighborhood corner store. Sri Lankan shoppers buy the same sort of items and brands irrespective of whether they shop in a plus super market or the neighborhood corner store. Market research firm […]
Hot Gas
Government’s new banking minister wants to restart Pramuka Bank which has a mountain of dud loans as a State owned bank while investing up to Rs.5 billion of tax payer money to the industry.Government’s new banking minister wants to restart Pramuka Bank which has a mountain of dud loans as a State owned bank while […]