Category: Industry
Getting More Interesting
If last week’s Extraordinary General Meeting vote of the Commercial Bank went ahead as planned the Chairman Mahendra Amarasuriya might have won considering the Appeal Court had limited the voting power of a group led by Harry Jayawardene to 10 percent from their 42 percent holding.If last week’s Extraordinary General Meeting vote of the Commercial […]
India to replace UK as the number one tourists market
Visiting Indians, who pop over for business and shopping bargains, is likely to replace the United Kingdom as the biggest tourism market for Sri Lanka this year, top officials said Friday. Visiting Indians, who pop over for business and shopping bargains, is likely to replace the United Kingdom as the biggest tourism market for Sri […]
Que Sera Sera
Sri Lanka’s Commercial Bank of Ceylon’s controversial extraordinary general meeting was abruptly called off late Wednesday, after its unions successfully won a stay order from the Appeals Court.Sri Lanka’s Commercial Bank of Ceylon’s controversial extraordinary general meeting was abruptly called off late Wednesday, after its unions successfully won a stay order from the Appeals Court. […]
Bargain Prices
Riding on the ongoing peace deal, Commercial Bank of Ceylon has raised US$ 65 million via a two-year syndicated loan at rates much lower than the Sri Lankan government.Riding on the ongoing peace deal, Commercial Bank of Ceylon has raised US$ 65 million via a two-year syndicated loan at rates much lower than the Sri […]
Policy Measures
Sri Lanka’s cabinet of minister gave the go ahead on Thursday to increase the minimum solvency margins for insurance firms to Rs.100 mn for each line of business.Sri Lanka’s cabinet of minister gave the go ahead on Thursday to increase the minimum solvency margins for insurance firms to Rs. 100 mn for each line of […]
Jetwing to build transit hotel at airport
Hotel operator, the Jetwing group got a mandate on Thursday to build a 50 room transit hotel at the Bandaranayke International Airport.Hotel operator, the Jetwing group got a mandate on Thursday to build a 50 room transit hotel at the Bandaranayke International Airport. Cabinet Spokesperson and Health Minister Nimal Siripala de Silva said the Cabinet […]
Service Plan
Sri Lanka brings out national action plan to get in on the US$ 2 trillion global trade in services. Sri Lanka brings out national action plan to get in on the US$ 2 trillion global trade in services. Services account for well over half of Sri Lanka’s GDP but local systems are yet to wake […]
Que Sera Sera
Sri Lanka’s Commercial Bank of Ceylon’s controversial extraordinary general meeting was abruptly called off late Thursday after its unions successfully won a stay order in the Appeals Court. The bank’s powerful unions also objected to the meeting saying it was “improper and out of order.” The bank’s powerful shareholders led by business tycoon Harry Jayawardene’s […]
Been Good?
Sri Lanka recognises good tax payers by handing out gold and silver reward cards.Sri Lanka recognises good tax payers by handing out gold and silver reward cards. Minister of Finance, Sarath Amunugama and Secretary to the Treasury, P B Jayasundara handed out over 30 gold and silver cards to good tax payers that regularly contribute […]
Stuck in Traffic
Transport sector analysts say the government’s latest strategy to introduce air-conditioned double-decker buses and add 2000 forty-seater buses will not help ease the urban traffic problem.Transport sector analysts say the government’s latest strategy to introduce air-conditioned double-decker buses and add 2000 forty-seater buses will not help ease the urban traffic problem. Proposed fleet increases and […]
IDD Nanny
Sri Lanka’s telecom watchdog will block international direct dialing (IDD) access to twelve countries from Tuesday to prevent ‘modem hijacking’ and internet scams, an official said Sunday.Sri Lanka’s telecom watchdog will block international direct dialing (IDD) access to twelve countries from Tuesday to prevent ‘modem hijacking’ and internet scams, an official said Sunday. The three […]
Hogwash!
Sri Lanka Telecom has turned down a request to block international calls to 12 countries to prevent modem hijacking and internet porn scams.Sri Lanka Telecom has turned down a request to block international calls to 12 countries to prevent modem hijacking and internet porn scams. The telecom watchdog asked SLT to block calls for a […]