Category: Industry
Oil Guzzlers
Demand for petrol is increasing in Sri Lanka despite two price increases this year, says the Ceylon Petroleum Corporation (CPC).Demand for petrol is increasing in Sri Lanka despite two price increases this year, says the Ceylon Petroleum Corporation (CPC). According to CPC data, average petrol consumption per day, is now around 1,200 MT, compared to […]
‘s Through
ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in the island, an ICICI Bank official said Wednesday.ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in […]
Risk Free
KILINOCHCHI – Sri Lanka’s Tamil Tigers have no security cameras or guards protecting their bank. Yet they say it is the safest place to deposit cash and gold both in times of war and of peace. KILINOCHCHI – Sri Lanka’s Tamil Tigers have no security cameras or guards protecting their bank. Yet they say it […]
Low Tide
November Presidential polls could stall an already delayed south port project, making Sri Lanka’s port sector more vulnerable to regional competition.November Presidential polls could stall an already delayed south port project, making Sri Lanka’s port sector more vulnerable to regional competition. After a number of failed starts later, earlier this year port officials said they […]
It’s Through
ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in the island, an ICICI Bank official said Wednesday.ICICI Bank, India’s second-largest bank by assets, has received a provisional banking license from the Central Bank of Sri Lanka to commence operations in […]
Shooting Stars
JAFFNA – The city of Jaffna was the epicentre of some of the bloodiest battles in Sri Lanka’s drawn out ethnic conflict, but the bombs have given way to a new explosion in trade after a truce.JAFFNA – The city of Jaffna was the epicentre of some of the bloodiest battles in Sri Lanka’s drawn […]
Made in China
China based PC maker the Lenovo Group says Sri Lanka’s early stage IT market offered high growth potential for hardware manufacturers.China based PC maker the Lenovo Group says Sri Lanka’s early stage IT market offered high growth potential for hardware manufacturers. The Lenovo Group’s take over of IBM’s PC division making it the third largest […]
Dark Horse
Sri Lanka’s chronic budget deficit, weak structural reforms and political instability, will show up prominently, as the island seeks a sovereign rating from three top international rating agencies later this year, analysts said.Sri Lanka’s chronic budget deficit, weak structural reforms and political instability, will show up prominently, as the island seeks a sovereign rating from […]
Corporate Funding
United States Trade and Development Agency (USTDA) signs over grants worth US$ 2.5 million for Sri Lanka. United States Trade and Development Agency (USTDA) signs over grants worth US$ 2.5 million for Sri Lanka. On Monday the USTDA signed over grant funding for six development projects in Sri Lanka. Over US$ 2 million is for […]
Double Whammy!
SriLankan Airlines group net profits slumped 75 percent last year, dragged down by hefty oil bill and a fall in passenger numbers following the Dec. 26 tsunami, the airline said Monday.SriLankan Airlines group net profits slumped 75 percent last year, dragged down by hefty oil bill and a fall in passenger numbers following the Dec. […]
Sharp Edge
The Association of Charted Certified Accountants (ACCA) said their national conference will take place later this month.The Association of Charted Certified Accountants (ACCA) said their national conference will take place later this month. ACCA hosted a sustainability awards earlier in the year to reward CSR reporting among top corporate which they say encouraged them to […]
Norachcholai Tripped?
CEB engineers have sought assurances from UNP that a proposed coal power plant in Puttlam won’t be scraped as its board of directors objected to the General Manager taking the lead on the project.CEB engineers have sought assurances from UNP that a proposed coal power plant in Puttlam won’t be scraped as its board of […]