Category: Industry
Lets Hear It
The controversy ridden CPP system will get a fresh hearing in August, as the telecom watchdog assess public opinion for the interconnection model.The controversy ridden CPP system will get a fresh hearing in August, as the telecom watchdog assess public opinion for the interconnection model. An earlier exercise where consumers wrote in their opinion was […]
Budget Talk
Mobile operator Celltel Lanka, is offering per second billing to its pre-paid card segments, as it finds creative ways to remain competitive.Mobile operator Celltel Lanka, is offering per second billing to its pre-paid card segments, as it finds creative ways to remain competitive. Sri Lanka has over 2.2 million mobile subscribers, serviced by four mobile […]
Flying Forward
SriLankan Airlines will piggyback on codeshare agreements with Emirates to expand its network to Sydney and Cyprus, even as soaring fuel prices puts the breaks on growth.SriLankan Airlines will piggyback on codeshare agreements with Emirates to expand its network to Sydney and Cyprus, even as soaring fuel prices puts the breaks on growth. It will […]
Pumping Back
The government is to get Attorney General’s advice to take back a one third stake in the retail fuel sector held by the Treasury, and hand it back to state owned Ceypetco. The government is to get Attorney General’s advice to take back a one third stake in the retail fuel sector held by the […]
‘s Here
Sri Lanka on Tuesday signed up for over € 60 million worth of financial help from the German government for post-tsunami reconstruction work, the Finance Ministry said.The package includes a € 49 million (Rs. 5.9 billion) grant for post-tsunami rehabilitation and € 13 million (Rs.1.6 billion) due this year as debt repayments from Sri Lanka […]
It’s Here
Sri Lanka on Tuesday signed up for over € 60 million worth of financial help from the German government for post-tsunami reconstruction work, the Finance Ministry said.The package includes a € 49 million (Rs. 5.9 billion) grant for post-tsunami rehabilitation and € 13 million (Rs.1.6 billion) due this year as debt repayments from Sri Lanka […]
Getting Abuzz
Distilleries Company of Sri Lanka Group has bought a 76.6 percent of telco Lanka Bell for US$ 16 million (Rs.1.61 billion), officials said Monday.Distilleries Company of Sri Lanka Group has bought a 76.6 percent of telco Lanka Bell for US$ 16 million (Rs. 1.61 billion), officials said Monday. The move comes after the group’s Milford […]
Going Native
New laws are in the pipeline to protect ‘traditional knowledge’, including teachings and skills of indigenous Veddah communities. New laws are in the pipeline to protect ‘traditional knowledge’, including teachings and skills of indigenous Veddah communities. The laws could still be two years in the making but a working paper put out by the National […]
Traffic Jam
Honda Motor’s Sri Lankan agent is investing Rs.100 mn to increase its services capacity, but says taxes and duties could put the breaks on sales growth.Honda Motor’s Sri Lankan agent is investing Rs. 100 mn to increase its services capacity, but says taxes and duties could put the breaks on sales growth. Stafford Motors on […]
CEB: Plug Pulled
The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government will have to renegotiate funding under its new unbundling plan for the CEB. The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government […]
Clear Run
Sri Lanka was cleared of a tsunami alert after an earthquake of a magnitude of 7.3 on the Richter scale was reported in the Nicobar Islands at 9.42 pm local time, meteorological department officials said Sunday.Sri Lanka was cleared of a tsunami alert after an earthquake of a magnitude of 7.3 on the Richter scale […]
This For That
Government is likely to lose up to Rs.7 billion in VAT collections after the Cabinet decided to remove the tax from diesel imports.Government is likely to lose up to Rs. 7 billion in VAT collections after the Cabinet decided to remove the tax from diesel imports. The VAT removal legitimizes the Treasury policy towards the […]