Category: Industry
Fire Alarm
A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. A fire broke out at the Kukule Hydropower station late Thursday night due to a suspected technical fault, damaging one of the two 40 MW generators. The fire was […]
Trunk Call
Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call centre business in the Asian region, a joint communiqué said Wednesday. Sri Lanka’s John Keells Holdings has entered into partnership with India’s Raman Roy & Associates to develop a US$ 22 million call […]
Coin Collection
Sri Lanka’s Central Bank says it will save over Rs.600 million in minting costs as it gives a face lift to the island’s coin collection. Sri Lanka’s Central Bank says it will save over Rs. 600 million in minting costs as it gives a face lift to the island’s coin collection. Wednesday, Colombo : A […]
Co-op Capital
Sri Lanka’s Cooperative Leasing took its first tentative steps into the capital markets on Tuesday by pledging its tiny portfolio to raise cash for future funding needs.Sri Lanka’s Cooperative Leasing took its first tentative steps into the capital markets on Tuesday by pledging its tiny portfolio to raise cash for future funding needs. The two-year […]
Short Flight
Three local airlines are on a six-month test run to India for a licence to fly international, but sentiments are mixed, with some fearing a crowded airspace.Three local airlines are on a six-month test run to India for a licence to fly international, but sentiments are mixed, with some fearing a crowded airspace. Last week, […]
Watch Out!
As banks embrace sophisticated financial products, making their risk profile more complex, those specialising in custodian and asset management, are most vulnerable to future operational risks, a top Central Bank official said Monday.As banks embrace sophisticated financial products, making their risk profile more complex, those specialising in custodian and asset management, are most vulnerable to […]
New Track
A solution to Colombo’s commuter traffic could have to wait till mid 2006, when a Japan funded urban transport master plan is completed.A solution to Colombo’s commuter traffic could have to wait till mid 2006, when a Japan funded urban transport master plan is completed. The newly minted New Railroad Development Ministry has been charged […]
All at Sea
The Colombo port will run out of capacity in three years if new terminals are not ready according to a former port chairman.The Colombo port will run out of capacity in three years if new terminals are not ready according to a former port chairman. He said that running out of capacity will mean that […]
Cutting the Wires
Fixed line giant Sri Lanka Telecom together with international chipmaker Intel Corp., will deploy a high speed wireless internet network, with a test service already in operation.Fixed line giant Sri Lanka Telecom together with international chipmaker Intel Corp., will deploy a high speed wireless internet network, with a test service already in operation. Telecom chief […]
Triggered Off
In the wake of another world trade meeting Sri Lanka decides to introduce safeguard laws to shield farmers and industries from rampaging imports. In the wake of another world trade meeting Sri Lanka decides to introduce safeguard laws to shield farmers and industries from rampaging imports. The island, that started opening up in 1977 and […]
Connecting Bangladesh
The SEA-ME-WE4 cable has landed in Bangladesh. This is great news. In this time of off-shoring and Business Process Outsourcing (BPO), a country that is not connected to the outside world through optical fibre cable is at a tremendous disadvantage. Satellite connectivity is simply not enough for participation in the BPO business: the costs are […]
Late Reaction
The government on Friday said it would investigate the damage to a crucial submarine cable connecting the island to the rest of the world, over a year after the incidence. The government on Friday said it would investigate the damage to a crucial submarine cable connecting the island to the rest of the world, over […]