Category: Industry
Late Start
Sri Lanka Telecom says it will need at least six months to deploy its low cost wireless technology, though it’s already feeling the heat from rival networks.Sri Lanka Telecom says it will need at least six months to deploy its low cost wireless technology, though it’s already feeling the heat from rival networks. SLT secured […]
Shrinking Wallets
A tax slapped on all advertising budgets last year has not really tightened purse strings, but companies are thinking twice about the way they spend to grab attention.A tax slapped on all advertising budgets last year has not really tightened purse strings, but companies are thinking twice about the way they spend to grab attention. […]
Setting Up
The US embassy announced the launch of a programme for a tsunami warning system for Indian Ocean countries, on Tuesday.The US embassy announced the launch of a programme for a tsunami warning system for Indian Ocean countries, on Tuesday. The Indian Ocean Tsunami Warning System (IOTWS) program is a two year, US$ 16.6 million project, […]
Thin Roof
The International Organisation for Migration (IOM) Tuesday announced it has completed 3,000 transitional shelters for Sri Lanka’s tsunami survivors.The International Organisation for Migration (IOM) Tuesday announced it has completed 3,000 transitional shelters for Sri Lanka’s tsunami survivors. Some 140 families on the east coast, one of the worst hit by the December 26 giant waves, […]
Caution Ahead
As oil threatens to hurtle past US$ 70 a barrel, state oil giant Ceypetco is urging the government to raise prices, with its oil bill likely to shoot past US$ 1.4 billion this year. As oil threatens to hurtle past US$ 70 a barrel, state oil giant Ceypetco is urging the government to raise prices, […]
Quick Chat
Telco giant Sri Lanka Telecom on Monday secured a licence to expand its network using low cost wireless technology.Telco giant Sri Lanka Telecom on Monday secured a licence to expand its network using low cost wireless technology. “We got our CDMA licence this afternoon and a formal announcement will come tomorrow,” a top SLT official […]
Bad Job
Going abroad to work is a one way ticket to the land of no return for increasing numbers of Sri Lankan poor. Going abroad to work is a one way ticket to the land of no return for increasing numbers of Sri Lankan poor. For Sri Lanka’s rural poor, going abroad to work is the […]
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 […]
NSB Dip
National Savings Bank (NSB) says deposit growth has slowed despite its strong franchise as a credit rating agency warned of higher market risk because the bank has subscribed to more government rupee securities.National Savings Bank (NSB) says deposit growth has slowed despite its strong franchise as a credit rating agency warned of higher market risk […]
NGO Accounting
The Asian Tsunami tragedy has already attracted around US$ 9 billion in money and other aid to the region but experts say systems and internal controls to manage this outpouring is not up to mark.The Asian Tsunami tragedy has already attracted around US$ 9 billion in money and other aid to the region but experts […]
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 […]