Category: Industry
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.. […]
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 […]
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 […]
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 […]
Spring Cleaning
The United States said Tuesday it is funding the clean up of tsunami debris from a lagoon in eastern Sri Lanka, which is known among locals for its singing fish.The United States said Tuesday it is funding the clean up of tsunami debris from a lagoon in eastern Sri Lanka, which is known among locals […]
Agriculture support services makeup over half of rural GDP
An ADB/World Bank study has found that agriculture support services makeup over half of rural GDP and household incomes. An ADB/World Bank study has found that agriculture support services makeup over half of rural GDP and household incomes. The previously overlooked non-agro sector which included transport and trading activities is estimated to contribute as much […]
Final Call
The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring trade unions.The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring […]
Same Story
MULLAITIVU, Sri Lanka (AFP) – Six months after the tsunamis battered Sri Lanka’s shores, people in this remote eastern village under the control of Tiger rebels have yet to see any sign of reconstruction. MULLAITIVU, Sri Lanka (AFP) – Six months after the tsunamis battered Sri Lanka’s shores, people in this remote eastern village under […]
Coastal buffer zones keep tsunami survivors at bay
HIKKADUWA, Sri Lanka,(AFP) – The waterfront restaurant at the entrance to this Sri Lankan coral sanctuary survived the Asian tsunami but six months later its owner is struggling to keep his nose above water because a new “buffer zone” law prevents him from rebuilding.HIKKADUWA, Sri Lanka,(AFP) – The waterfront restaurant at the entrance to this […]
Bitter Pill
Sri Lanka’s ongoing political instability, poor infrastructure and limited access to capital are choking the country’s investment climate, a joint study by the Asian Development Bank and World Bank said.Sri Lanka’s ongoing political instability, poor infrastructure and limited access to capital are choking the country’s investment climate, a joint study by the Asian Development Bank […]