Category: Industry
Budget: Big Plans
The government says its top priority will be to increase infrastructure investment as it stated the budget making process for next year.The government says its top priority will be to increase infrastructure investment as it stated the budget making process for next year. Years of underinvestment by successive governments especially in rural infrastructure have contributed […]
PERC Jerk
Petroleum retailer Lanka IOC is negotiating with the Public Enterprise Reform Commission (PERC) which is contesting the company’s claim to a petroleum subsidy based on an agreed formula. Petroleum retailer Lanka IOC is negotiating with the Public Enterprise Reform Commission (PERC) which is contesting the company’s claim to a petroleum subsidy based on an agreed […]
Heat Wave
SINGAPORE, Aug 21 (AFP) – Asia’s oil-guzzling economies are bracing themselves for the worst as crude prices threaten to hit 70 dollars a barrel, stoking fears of slower growth, soaring inflation and rising interest rates. SINGAPORE, Aug 21 (AFP) – Asia’s oil-guzzling economies are bracing themselves for the worst as crude prices threaten to hit […]
Power Meeting
An agreement for Sri Lanka’s first coal power plant will be signed in China in end August. President Chandrika Bandaranaike Kumaratunga will sign an agreement for Sri Lanka’s first coal power plant during her visit to China in end August, said Cabinet spokesperson Nimal Siripala de Silva. The US$ 94,500 agreement will cover the first […]
Crowding Out
Sri Lanka to recall its retired centralised public transport service back on to the roads, to crowd out unruly private buses.Sri Lanka to recall its retired centralised public transport service back on to the roads, to crowd out unruly private buses. Cabinet Spokesman Nimal Siripala de Silva told journalists on Thursday that the Cabinet had […]
Export Block
New Gulf policies to reduce domestic unemployment could impact countries like Sri Lanka, says the International Organisation for Migration (IOM).New Gulf policies to reduce domestic unemployment could impact countries like Sri Lanka, says the International Organisation for Migration (IOM). The IOM’s World Migration Report 2005, that analyses the global movement of people, notes that recent […]
Easy Prey
State-run National Savings Bank’s credit profile could take a beating if the government continues to pump in low interest bearing rupee loans, Fitch Ratings Lanka said in a report on Wednesday.State-run National Savings Bank’s credit profile could take a beating if the government continues to pump in low interest bearing rupee loans, Fitch Ratings Lanka […]
Sri Lanka ‘safe and calm’ for travellers
Sri Lanka says the island “safe and calm” for visitors following last Friday’s assassination of Foreign Minister Lakshman Kadirgamar, and urged tourists not to cancel travel plans.Sri Lanka says the island “safe and calm” for visitors following last Friday’s assassination of Foreign Minister Lakshman Kadirgamar, and urged tourists not to cancel travel plans. Top Cabinet […]
Digging Deep
Sri Lanka’s first bidding round offering potential blocks in the Mannar Basin for oil exploration could kick off as early as October this year. Sri Lanka’s first bidding round offering potential blocks in the Mannar Basin for oil exploration could kick off as early as October this year. “We plan to hold the road show […]
SLT is Ready
Sri Lanka Telecom (SLT) says its planned fiber-optic submarine cable connecting India will be ready by March next year and will open many new revenue opportunities for the company.Sri Lanka Telecom (SLT) says its planned fiber-optic submarine cable connecting India will be ready by March next year and will open many new revenue opportunities for […]
Ad Hoc Ads
An advertisement that fails to connect with its target audience can threaten the very existence of a brand according to ad men who spoke at a forum organized by this program.An advertisement that fails to connect with its target audience can threaten the very existence of a brand according to ad men who spoke at […]
German and British embassies update travel advisories to Sri Lanka
The German and British embassies update travel advisories to Sri Lanka.The German and British embassies update travel advisories to Sri Lanka. The German and British embassies updated travel advisories to Sri Lanka after the assassination of Foreign Minister Lakshman Kadirgamar on Friday night, but did not issue travel warnings against visiting the island. The government […]