Category: Industry
Flight Trouble
SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire.SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire. […]
Reserve Power
The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six months, even as unions relent on a new reform plan.The Asian Development Bank (ADB) has agreed to extend a deadline on its US$ 30 mn loan to the power sector by six […]
Fresh Draft
The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints.The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints. In a statement issued on Wednesday, the Manila […]
Hubbub for Sri Lanka’s financial hub
Sri Lanka’s main financial centre near the president’s official residence was declared a high security zone as the opposition today led an unprecedented march to the capital demanding early elections.Sri Lanka’s main financial centre near the president’s official residence was declared a high security zone as the opposition today led an unprecedented march to the […]
Phew!!!
Apparels exported to the European Union got duty free access from this month but the industry doesn’t expect an immediate spike in volumes due to other bottlenecks. Apparels exported to the European Union got duty free access from this month but the industry doesn’t expect an immediate spike in volumes due to other bottlenecks. The […]
Quick Jab
Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. Sri Lanka has secured US$ 500 million soft loan from China to finance a coal power plant and highway projects, officials said Friday. The long talked of 300 mega watt coal plant […]
Sharing Grief
Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said it could identify with the suffering of victims.Sri Lanka, a former British colony where over 240 suicide bombers have carried out attacks, on Friday condemned the deadly London bombings and said […]
Watch Out
Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two nations, but hoped to settle the issue amicably.Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two […]
Square One
Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week.Ceylon Electricity Board (CEB) unions getting ready for trade union action again next week. CEB trade unions say the government is trying to approve another Cabinet paper to restructure the CEB without trade union agreement. “They are tying to present a Cabinet […]
Travel Allowance
Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic international roaming under valued.Mobile operator Dialog Telecom’s revenues could be significantly under forecasted, with potential increases in revenue from segments including automatic international roaming under valued. Dialog has also just commenced providing turnkey solutions to foreign […]
Disney Channel
Sri Lanka’s main tsunami relief agency today claimed progress in building “transitional shelter,” but their figures showed that at least 11,500 houses had disappeared in June. Sri Lanka’s main tsunami relief agency today claimed progress in building “transitional shelter,” but their figures showed that at least 11,500 houses had disappeared in June. The Task Force […]
First Gear
With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will bring in the business.With tough rules of origin, Sri Lanka may be slow to draw on the benefits of the European Union’s new GSP Plus scheme, but euphoria will […]