Category: Industry
Free On Board
National carrier SriLankan Airline’s cargo arm tied up with logistics operator Trico Maritime to handle its unaccompanied baggage operations.National carrier SriLankan Airline’s cargo arm tied up with logistics operator Trico Maritime to handle its unaccompanied baggage operations. SriLankan Cargo Chief Nalin Rodrigo said that the new Unaccompanied Passenger Baggage Handling Agent could bring SriLankan Cargo […]
It’s Loaded!
Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s Commercial Bank.Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s […]
Friendly Fire
LONDON, Nov 29 (AFP) – Dubai Ports World (DPW) announced on Tuesday a recommended takeover of P&O, valuing Britain’s biggest ports and ferries group at 3.326 billion pounds (4.852 billion euros, 5.739 billion dollars). LONDON, Nov 29 (AFP) – Dubai Ports World (DPW) announced on Tuesday a recommended takeover of P&O, valuing Britain’s biggest ports […]
Buyers’ Guide
The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather switch shops than swap brands. The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather […]
‘ Guide
The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather switch shops than swap brands. The local ‘kade’ stocking everything from Marmite to light bulbs may not lose out to supermarkets just yet, as brand loyal Sri Lankans would rather […]
Speed to Market
Logistics giant DHL expects double-digit growth next year, led by the apparel industry, but slower than expected growth in garments could stifle the momentum in a few years.Logistics giant DHL expects double-digit growth next year, led by the apparel industry, but slower than expected growth in garments could stifle the momentum in a few years. […]
Growing Sideways
Defaulters’ turning a new leaf and government lending, has helped Bank of Ceylon’s bottomline grow by 20 percent for the nine months to Sept.’05. Defaulters’ turning a new leaf and government lending, has helped Bank of Ceylon’s bottomline grow by 20 percent for the nine months to Sept.’05. Sri Lanka’s largest bank, also saw its […]
On the Road
European Commission (EC) makes € 39.4 million grant to Asian Development Bank (ADB) for tsunami rehabilitation in Sri Lanka. European Commission (EC) makes € 39.4 million grant to Asian Development Bank (ADB) for tsunami rehabilitation in Sri Lanka. The Euros will go into the ADB’s Tsunami-Affected Areas Rebuilding Project (TAARP), to rehabilitate 270 kilometers of […]
Be Careful
Low condom use and thriving sex trade makes Sri Lanka a hot bed for AIDS.Low condom use and thriving sex trade makes Sri Lanka a hot bed for AIDS. Sri Lanka had around 4,800 HIV-infected people, including children, by end of 2002 which is a low prevalence rate compared to the total population of 19 […]
Friendly Hand
Sri Lanka on Tuesday picked up a Rs.80 million (JP¥ 90 million) grant to draw up plans to renovate the Jaffna Teaching Hospital, the finance ministry said. Sri Lanka on Tuesday picked up a Rs. 80 million (JP¥ 90 million) grant to draw up plans to renovate the Jaffna Teaching Hospital, the finance ministry said. […]
Matching Targets
State-run People’s Bank has met its performance targets for this year, but a promised capital injection is yet to materialise.State-run People’s Bank has met its performance targets for this year, but a promised capital injection is yet to materialise. The technically insolvent bank said Tuesday that its net profits were down 10.6 percent to Rs. […]
Catch 22
State-run National Savings Bank’s net profits slip 13 percent as rising interest rates and stiff competition from private banks puts pressure on its bottomline. State-run National Savings Bank’s net profits slip 13 percent as rising interest rates and stiff competition from private banks puts pressure on its bottomline. Selected Indicators: