Category: Industry
Coming Clean
PERALIYA, Sri Lanka, Dec 26 (AFP) – Sri Lanka Monday admitted it had failed to deliver aid effectively to a million tsunami survivors as it paid emotional tribute to the victims of last year’s catastrophe. PERALIYA, Sri Lanka, Dec 26 (AFP) – Sri Lanka Monday admitted it had failed to deliver aid effectively to a […]
Sri Lanka woos high rollers as tsunami takes away tourists
RATGAMA, Sri Lanka, Dec 24 (AFP) – Sri Lanka’s tourism industry is struggling as earnings slumped following the tsunami, but a year after massive death and destruction an upmarket boutique hotel hopes to spearhead a revival.RATGAMA, Sri Lanka, Dec 24 (AFP) – Sri Lanka’s tourism industry is struggling as earnings slumped following the tsunami, but […]
Marketing Mix
The advertising industry will abandon the 18 year old SLIM awards for one of its own, with greater emphasis on creativity.The advertising industry will abandon the 18 year old SLIM awards for one of its own, with greater emphasis on creativity. SLIM Chance SLIM Awards chief Louie Dias told LBO on Thursday that the […]
Softly Softly
Sri Lankan travel agents, dentists and sea farers offer their services in India but rest of the professional services fighting shy of Indian competition.Sri Lankan travel agents, dentists and sea farers offer their services in India but rest of the professional services fighting shy of Indian competition. Sri Lanka and India are trying to formally […]
Scouts Honour
Sri Lanka’s President Mahinda Rajapakse Wednesday promised to honour US$ 71 million due to Indian Oil Corp., after its local unit lamented that unpaid bills will drive it to technical insolvency. Sri Lanka’s President Mahinda Rajapakse Wednesday promised to honour US$ 71 million due to Indian Oil Corp., after its local unit lamented that unpaid […]
Wake Up Call
Sri Lanka’s central bank unexpectedly raised key short-term interest rates Thursday in a bid to rein in a possible surge in inflation from new government spending next year. Sri Lanka’s central bank unexpectedly raised key short-term interest rates Thursday in a bid to rein in a possible surge in inflation from new government spending next […]
Aftermath
Sri Lanka’s tsunami victims grapple with alcoholism, depression and insecurity as rehabilitation slows down with time.Sri Lanka’s tsunami victims grapple with alcoholism, depression and insecurity as rehabilitation slows down with time. People’s consultations targeting tsunami survivors, by the UNDP, the Human Rights Commission of Sri Lanka and the University of Colombo show the strain of […]
Certified Workers
Sri Lankans heading east to Malaysia for work will need a Malaysian Employment Trainee certificate from February 2006 to qualify for visas.Sri Lankans heading east to Malaysia for work will need a Malaysian Employment Trainee certificate from February 2006 to qualify for visas. Under the labour sourcing agreement signed between the two governments recently, some […]
Open Gate
BRUSSELS, Dec 21 (AFP) – The European Commission said Wednesday that it had granted duty and quota-free access to 7,200 imports from 15 developing countries.BRUSSELS, Dec 21 (AFP) – The European Commission said Wednesday that it had granted duty and quota-free access to 7,200 imports from 15 developing countries. The countries to benefit from the […]
Gobble Gobble
National Development Bank (NDB) on Tuesday said it was seeking Central Bank approval to merge with its housing loan financing unit.National Development Bank (NDB) on Tuesday said it was seeking Central Bank approval to merge with its housing loan financing unit. If approved, the merger will give NDB housing access to cheap financing for its […]
More Problems
United Nation’s experts say under-age girls in tsunami affected communities in Sri Lanka, are being forced into marriages.United Nation’s experts say under-age girls in tsunami affected communities in Sri Lanka, are being forced into marriages. “The phenomenon of so-called “tsunami marriages” among under-age girls is common in some areas, especially in southern India and Sri […]
Fuel to the Fire
Shares in retail fuel giant Lanka IOC Ltd., were suspended Tuesday, as the firm grapples with working capital constraints.Shares in retail fuel giant Lanka IOC Ltd., were suspended Tuesday, as the firm grapples with working capital constraints. A Colombo Stock Exchange spokesperson told LBO the stock was suspended pending a clarification from the Indian fuel […]