Category: Industry
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 […]
It Wasn’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 […]
China Calls
China’s ZTE Corporation clinched a Rs.1.5 billion deal to deploy a low cost wireless technology system for Sri Lanka Telecom.China’s ZTE Corporation clinched a Rs. 1.5 billion deal to deploy a low cost wireless technology system for Sri Lanka Telecom. CDMA or code division multiple access, is a cheaper form of mobile technology that is […]
New laws to revamp the Tourist Board gets Parliament nod
After two years on the shelf, a new law to revamp the Tourist Board was passed in Parliament on Tuesday, with reforms to kick in over the next few weeks.After two years on the shelf, a new law to revamp the Tourist Board was passed in Parliament on Tuesday, with reforms to kick in over […]
Good Boy
The Asian share of the global environmental services is still small but its growth rate is picking up The Asian share of the global environmental services is still small but its growth rate is picking up Meanwhile rising oil prices is also creating a demand for energy efficient technologies. But this will not happen if […]
Freak Accident
An Indonesian woman passenger was killed and six injured Sunday in a freak accident while disembarking from an SriLankan airlines aircraft at the island’s only international airport, a spokesman said.An Indonesian woman passenger was killed and six injured Sunday in a freak accident while disembarking from an SriLankan airlines aircraft at the island’s only international […]
Groovy Tunes
Sri Lanka Telecom plans to roll out its fixed-line CDMA network by the end of the month and test delivery of services such as on-demand video on its copper-line network this year, a company official said Friday.Sri Lanka Telecom plans to roll out its fixed-line CDMA network by the end of the month and test […]