Category: Industry
Auction Block
The government is planning to sell more than a billion rupees worth of land via the Colombo Stock Exchange, the newly re-appointed Trade Minister Jeyeraj Fernandopulle said.The government is planning to sell more than a billion rupees worth of land via the Colombo Stock Exchange, the newly re-appointed Trade Minister Jeyeraj Fernandopulle said. The 226 […]
New Master
Sri Lanka’s treasury secretary on Thursday vowed to translate president Mahinda Rajapakse’s subsidy-laden manifesto into economic jargon, though analysts warn that it could undo fiscal discipline and scare off investors. Sri Lanka’s treasury secretary on Thursday vowed to translate president Mahinda Rajapakse’s subsidy-laden manifesto into economic jargon, though analysts warn that it could undo fiscal […]
Night Shift
Sri Lanka Telecom, the island’s largest fixedline operator, said Wednesday its group net profits rose 91 percent to Rs. 2.5 billion, for the nine months to Sept. 30 2005, over the same period last year. Sri Lanka Telecom, the island’s largest fixedline operator, said Wednesday its group net profits rose 91 percent to Rs. 2.5 […]
Going Home
Sri Lanka’s tsunami orphans going to new homes but childcare authorities still can’t reconcile the numbers.Sri Lanka’s tsunami orphans going to new homes but childcare authorities still can’t reconcile the numbers. Thousands of Sri Lankan children were orphaned last year when the December 26, 2004 tsunami killed both parents or a single remaining parent. Now, […]
SriLankan Airlines sells Sri Lanka to surfers
Japanese surfers, scuba divers and even mountaineers are finding a sporting paradise in Sri Lanka, traditionally a cultural hotspot among most Japanese. Japanese surfers, scuba divers and even mountaineers are finding a sporting paradise in Sri Lanka, traditionally a cultural hotspot among most Japanese. “We have been promoting Sri Lanka to different market segments as […]
Ready to Merge
Mercantile Leasing Limited’s shareholders will go into an emergency meeting next week to approve a deal to merge with group peer Nations Trust Bank.Mercantile Leasing Limited’s shareholders will go into an emergency meeting next week to approve a deal to merge with group peer Nations Trust Bank. The emergency meeting set for November 28, follows […]
Practical Problems
The World Trade Organisation (WTO) says patents won’t block access to cheap medicines but local experts are not convinced.The World Trade Organisation (WTO) says patents won’t block access to cheap medicines but local experts are not convinced. “A certain amount of confusion exists about the TRIPS Agreement’s provisions and compulsory licensing for medicines,” said a […]
Target Training
ADB will help develop more highly skilled workers in Sri Lanka through a new US million loan to improve technical education and vocational training (TEVT) in the country.ADB will help develop more highly skilled workers in Sri Lanka through a new US$20 million loan to improve technical education and vocational training (TEVT) in the country. […]
Intro List
The Ceylinco group’s Seylan Merchant Leasing Limited will list 10 million ordinary shares by way of an introduction.The Ceylinco group’s Seylan Merchant Leasing Limited will list 10 million ordinary shares by way of an introduction. The Colombo Stock Exchange on Tuesday said it approved the listing of the Rs.10.00 shares on the secondary board. “The […]
Going Three
3G mobile licenses could be on auction as early as first quarter 2006, with a telco watchdog proposed licensing plan currently up for discussion. 3G mobile licenses could be on auction as early as first quarter 2006, with a telco watchdog proposed licensing plan currently up for discussion. The 3G consultancy paper identifies up to […]
High Seas
Cost of trade with the west could rise further with shipping cartels plying the Asia-Europe routs tipped to mark up freight rates from December 2006.Cost of trade with the west could rise further with shipping cartels plying the Asia-Europe routs tipped to mark up freight rates from December 2006. The Karmahom Conference, a cartel of […]
First Salvo
Shell Gas is to jack up rates of domestic gas by Rs.57.00 from Monday, on the heels of a court ruling last week that allows the company to peg rates to global prices.Shell Gas is to jack up rates of domestic gas by Rs. 57.00 from Monday, on the heels of a court ruling last […]