Category: Industry
Rolling In
Sri Lanka’s Finance Ministry says tax revenues increased in the first four months of 2005 but did not say whether it was below or higher than the original target.Sri Lanka’s Finance Ministry says tax revenues increased in the first four months of 2005 but did not say whether it was below or higher than the […]
Empty Hold
Air freight traffic slumped in Asia in May as high oil prices take the shine off global business and threatens to push the global airline industry further into the red. Air freight traffic slumped in Asia in May as high oil prices take the shine off global business and threatens to push the global airline […]
It’s A Steal
More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates.More voices are being raised against the stealthy appropriation of provident funds by the Sri Lanka government, through the use of negative real rates. “Today we have inflation running at a certain […]
Round One
Shell Gas Lanka will jack up prices on a 12.5 kilo cylinder by Rs. 94 with effect midnight tonight, following the green light from watchdog the Consumer Affairs Authority.Shell Gas Lanka will jack up prices on a 12.5 kilo cylinder by Rs. 94 with effect midnight tonight, following the green light from watchdog the Consumer […]
Going Nowhere
Lending agency loans, for electricity sector reforms in Sri Lanka, expire this week but reforms talks between government and trade unions are still deadlocked.Lending agency loans, for electricity sector reforms in Sri Lanka, expire this week but reforms talks between government and trade unions are still deadlocked. A Rs 3 bn loan from the Japan […]
Chips Anyone
Chipmaker Intel says it is helping local PC assemblers put together laptop computers and improve assembly standards.Chipmaker Intel says it is helping local PC assemblers put together laptop computers and improve assembly standards. Intel officials say growth in mobile computing is higher than desktop PCs in both technologically advanced and developing countries. Low PC penetration […]
New Ideas
The World Bank said Thursday that it will give Sri Lanka’s crisis ridden education sector a US$ 60 mn grant this year, padding up the state education spend..The World Bank said Thursday that it will give Sri Lanka’s crisis ridden education sector a US$ 60 mn grant this year, padding up the state education spend.. […]
Term Report
The government will miss the June 30 deadline to put out a mid year fiscal position report, as per its obligations in the Fiscal Management Act passed in 2003.The government will miss the June 30 deadline to put out a mid year fiscal position report, as per its obligations in the Fiscal Management Act passed […]
Down Play
Sri Lanka’s Census and Statistics Department says the island’s consumer in June 2005, saved a total just over the minimum bus fare for a single journy.Sri Lanka’s Census and Statistics Department says the island’s consumer in June 2005, saved a total just over the minimum bus fare for a single journy. The Colombo Consumers’ Price […]
Road Rehab
Inadequate funds to maintain Sri Lanka’s roads means all 15,000 km of provincial roads now need to be torn up and re-laid, with other highways under threat.Inadequate funds to maintain Sri Lanka’s roads means all 15,000 km of provincial roads now need to be torn up and re-laid, with other highways under threat. The Road […]
Tasty Legs
Sri Lanka could leap into the lucrative frog legs business as 35 new species of the amphibians have been found in the island which is already the world’s number one hot spot for frogs.There are no known exports of frog legs from Sri Lanka , but the latest findings of the Wildlife Heritage Trust should […]
Thrown Out
The Board of Investment is trying to spin off its infrastructure procurement arm – the Bureau of Infrastructure Investment (BII) for easier administration.The Board of Investment is trying to spin off its infrastructure procurement arm – the Bureau of Infrastructure Investment (BII) for easier administration. The BII – essentially a procurement agency for large state […]