Category: Industry
Et Tu Brute?
United National Party (UNP) said last week they would recommence work to build a thermal power station at Kerewelapitiya abandoning the west coast coal power plant option.United National Party (UNP) said last week they would recommence work to build a thermal power station at Kerewelapitiya abandoning the west coast coal power plant option. Government, that […]
Sri Lankan tourism dented by image put out from aid agencies
Efforts by relief agencies to raise funds to help rebuild Sri Lanka’s tsunami-battered coastlines by projecting images of massive destruction have backfired on the island’s tourism industry. Efforts by relief agencies to raise funds to help rebuild Sri Lanka’s tsunami-battered coastlines by projecting images of massive destruction have backfired on the island’s tourism industry. Tourists […]
You Give We Spend
Sri Lanka’s top Treasury official says the country will not accept debt relief next year, unless it is given without strings.Sri Lanka’s top Treasury official says the country will not accept debt relief next year, unless it is given without strings. Treasury Secretary Dr. P B Jayasundera who asked top lenders to extend debt relief […]
Missed Again
Sri Lanka has completely missed out on Foreign Direct Investment flows to emerging markets last year.Sri Lanka has completely missed out on Foreign Direct Investment flows to emerging markets last year. FDI to emerging markets dominated by Chain and India grew 40 percent but flows to Sri Lanka have been hovering around the US$ 200 […]
Oil Spurt
Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity at its Sapugaskanda refinery and save on its fuel bill.Sri Lanka is close to signing a US$ 800 mn joint venture with a US based energy firm, to double oil refining capacity […]
Cross Shopping
The Railway Authority says it will help set up small businesses for the men manning its bamboo gates at level crossings, to ensure their presence at their posts. The Railway Authority says it will help set up small businesses for the men manning its bamboo gates at level crossings, to ensure their presence at their […]
Better View
The EU donates satellite pictures of Sri Lanka’s coastline before and after the tsunami, to help reconstruction.The EU donates satellite pictures of Sri Lanka’s coastline before and after the tsunami, to help reconstruction. “As an essential contribution to help post-tsunami reconstruction in Sri Lanka, the European Commission (EC) has delivered to the Sri Lankan authorities, […]
Tough Sell
Sex sells as female sexuality comes out of the closet and Asian women holding the purse buy sexy lingerie and flirt a little more; but advertisers trying to reach her need to try a new position. Sex sells as female sexuality comes out of the closet and Asian women holding the purse buy sexy lingerie […]
Robot Cop
Sri Lanka’s traffic police have sought new armory to force insurance companies to report road accidents, after discovering empty pages in national road safety records.Sri Lanka’s traffic police have sought new armory to force insurance companies to report road accidents, after discovering empty pages in national road safety records. There has been an average 20 […]
Green Power
Renewable energy player Vidulanka Ltd plans to tap the capital markets next year to raise around Rs.265 million to fund upcoming power projects, officials said Wednesday.Renewable energy player Vidulanka Ltd plans to tap the capital markets next year to raise around Rs. 265 million to fund upcoming power projects, officials said Wednesday. The power producer […]
Punjabi Rock
Sri Lankan artistes with raw talent, a little Punjabi sound fused with Sinhalese and some management help are finding a ready springboard into India’s music world. Sri Lankan artistes with raw talent, a little Punjabi sound fused with Sinhalese and some management help are finding a ready springboard into India’s music world. Overall Market Size […]
Window Dressing
Financial statements of Sri Lankan firms are sometimes incorrectly presented because local auditors don’t keep up with new developments, the island’s accounting and auditing watchdog said. Financial statements of Sri Lankan firms are sometimes incorrectly presented because local auditors don’t keep up with new developments, the island’s accounting and auditing watchdog said. The watchdog is […]