Category: Industry
Back to the Wall
Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer.Commercial Bank’s Chairman says he is disappointed at the lack of action by the banking sector regulator as a Extra ordinary General Meeting seeking his ouster drew nearer. […]
Small is beautiful
An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand.An Executive Director of TATA in India says Sri Lanka has to look for export led growth as its local market is too small for large-scale demand. TATA is […]
Hold On
An estimated 325,956 telephone lines were pending connections by June 2005, with the bulk of the shortage in the western and southern provinces.An estimated 325,956 telephone lines were pending connections by June 2005, with the bulk of the shortage in the western and southern provinces. Data collected by the telecom watchdog point to an under […]
Back to Base
Ceylon Petroleum Corporation unions are threatening to strike work next week, protesting against a new refinery project to be built with private sector help.Ceylon Petroleum Corporation unions are threatening to strike work next week, protesting against a new refinery project to be built with private sector help. The government is to sign a deal with […]
Check Again
The EU is considering pushing for stronger intellectual property rights laws at world trade talks.The EU is considering pushing for stronger intellectual property rights laws at world trade talks. The EU says counterfeiting is now a global criminal racket operating with organised crime rings in arms, drugs and cigarettes. Copycat products that are flooding European […]
Indian Formula
Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage its strengths and implement its open policies to keep investors coming in.Sri Lanka is firmly on Indian giant TATA’s radar screen for investment, but a top official said Sri Lanka needs to leverage […]
John Keells tracks down Yala Village
John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs.275 million. John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs. 275 million. Yala Village is a 62 chalet eco-hotel, which borders a […]
Breathing Fire
Unions backing Commercial Bank of Ceylon’s staff are urging monetary authorities to ask a key shareholder to reduce his stakes and fall in line with banking regulations.Unions backing Commercial Bank of Ceylon’s staff are urging monetary authorities to ask a key shareholder to reduce his stakes and fall in line with banking regulations. Sri Lanka’s […]
Oil Prospects
A US$ 800 mn refinery at Sapugaskanda has got the Cabinet nod, in a joint venture with US based Global Energy and Industrial Operations Inc. A US$ 800 mn refinery at Sapugaskanda has got the Cabinet nod, in a joint venture with US based Global Energy and Industrial Operations Inc. Cabinet approval was given for […]
Once Bitten…
Sri Lankan trade negotiators are bargaining for stronger safety nets to protect domestic interests at the latest round of world trade talks.Sri Lankan trade negotiators are bargaining for stronger safety nets to protect domestic interests at the latest round of world trade talks. Current trade talks in Geneva, will lead to a new set of […]
Get Moving
About two million Sri Lankan women suffer from crippling, even fatal bone disease, squeezing an already stretched state healthcare system that spends to look after them.About two million Sri Lankan women suffer from crippling, even fatal bone disease, squeezing an already stretched state healthcare system that spends to look after them. Women, especially aging women, […]
‘t Me
A Sri Lankan airforce spy plane crashed inside rebel-held territory in the island’s north Wednesday, military sources said. A Sri Lankan airforce spy plane crashed inside rebel-held territory in the island’s north Wednesday, military sources said. The operators lost control over the Unmanned Aerial Vehicle (UAV) while on a mission over territory held by the […]