Category: Industry
We miss you
Sachithra Sachitra Silva, colleague and friend, passed away on May 13, under tragic circumstances. Before joining Vanguard-ETV’s business news division, he was at Lakhanda radio, ABC Radio, and MTV News division. Our sympathies are with his wife and baby son at this difficult time. Cortege leaves residence 97 Daham Mawatha Maharagama at 4 pm on […]
Premium Price
Insurance costs will go up by one third for Sri Lankan hotels, as insurance companies factor tsunami risk into future insurance coverage.Insurance costs will go up by one third for Sri Lankan hotels, as insurance companies factor tsunami risk into future insurance coverage. “Premiums went up a little this year because tsunami cover was introduced.Insurance […]
Rates Raised
The Monetary Board raised its short term interest rates by 25 basis points and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised its short term interest rates by 25 basis points and opted to pursue open market operations more aggressively to curb spiralling inflation. The Central Bank […]
Inflation Checker
The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The Monetary Board raised short term interest rates by 25 basis points for May and opted to pursue open market operations more aggressively to curb spiralling inflation. The […]
Off the Hook
Fixed line telecom operators will see a drop in their costs per line with rollout of their new CDMA networks.Fixed line telecom operators will see a drop in their costs per line with rollout of their new CDMA networks. CDMA or Code Division Multiple Access standard is a wireless communication technology developed initially for mobile […]
Law to revamp Tourist Board with private sector seats, may get Parliament nod
New laws to revamp the Tourist Board and get the private sector involved in spending marketing dollars, may get the Parliament go-ahead next week, despite opposition.New laws to revamp the Tourist Board and get the private sector involved in spending marketing dollars, may get the Parliament go-ahead next week, despite opposition. The new Tourism Development […]
‘s tsunami-hit tourism industry
Sri Lanka will spend 7.3 million dollars to woo high-spending holiday makers from Europe and neighbouring India to fill hotel rooms left empty after the December tsunamis, officials said Wednesday.Sri Lanka will spend 7.3 million dollars to woo high-spending holiday makers from Europe and neighbouring India to fill hotel rooms left empty after the December […]
Home Loans
First Ratings Tuesday gave HDFC Bank’s housing loan securitization trust an AA- (sri) rating for its capacity to meet interest payments and principal repayments.First Ratings Tuesday gave HDFC Bank’s housing loan securitization trust an AA- (sri) rating for its capacity to meet interest payments and principal repayments. The rating applies to the Rs. 506 mn […]
Carrot and Stick
Inland Revenue is finalising procedures to issue Gold and Silver cards to reward good tax payers.Inland Revenue is finalising procedures to issue Gold and Silver cards to reward good tax payers. “We will carry a paper notice soon asking people to apply for the cards,” said Commissioner General of Inland Revenue, R P L Weerasinghe. […]
US boost for Sri Lanka’s tsunami-hit tourism industry
Sri Lanka will spend 7.3 million dollars to woo high-spending holiday makers from Europe and neighbouring India to fill hotel rooms left empty after the December tsunamis, officials said Wednesday.Sri Lanka will spend 7.3 million dollars to woo high-spending holiday makers from Europe and neighbouring India to fill hotel rooms left empty after the December […]
Deal Maker
State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006.State owned Ceypetco is looking at rolling out its own lubricant brand, even as Caltex tries to clinch another exclusive distribution deal for its fuel sheds in 2006. […]
Wrong Number
Net revenues from international telecom services are dropping- one of the unseen downside effects of liberalizing the international voice market.Net revenues from international telecom services are dropping- one of the unseen downside effects of liberalizing the international voice market. Overseas call revenues minus what the island pays for terminating calls abroad dropped from US$ 43 […]