Category: Industry
Getting Off
Plans to lay off half the State owned bus workers got the Cabinet nod while analysts expect donors will fund the move.Plans to lay off half the State owned bus workers got the Cabinet nod while analysts expect donors will fund the move. The Central Transport Board (SLCTB) and the cluster bus companies employ a […]
Partial Blackouts
Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants including AES Kelanitissa off the grid shortly, resulting in rotating blackouts around the island.Engineers of the striking state monopoly power supplier the Ceylon Electricity Board are threatening to pull out base load thermal plants […]
Giving Up
Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will re-draw the reform plan.Bowing down to trade unions, the government has said it will not ratify a Cabinet paper to restructure the loss making Ceylon Electricity Board, and will […]
Plugging Leaks
Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs.5.5 bn hole in the first 4 months this year.Ceypetco is pinning hopes on extended supplier credit from Malaysia and formula adjusted prices to plug a Rs. 5.5 bn hole in the first 4 months this year. The […]
Backfired
Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on Wednesday.Largely JVP led unions refuse to consider an alternate reform model for the loss making Electricity Board, rejecting the new Cabinet paper that was passed on Wednesday. The now […]
Phone Bills
A Bill allowing the Government to claim part of international incoming call revenues was to be endorsed this week allowing the legislature to collect up to 0.038 US cents from telecos’ terminating over seas calls on local networks.A Bill allowing the Government to claim part of international incoming call revenues was to be endorsed this […]
Scuttle It
Sri Lankan nationalists Friday warned they will step up protests against a proposed government deal with Tamil rebels for the distribution of tsunami aid amid fears for the shaky ruling coalition. Sri Lankan nationalists Friday warned they will step up protests against a proposed government deal with Tamil rebels for the distribution of tsunami aid […]
Good Harvest
The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth in key performance indicators in the first quarter of 2005, despite the adverse effects on its exchange profits by the post-tsunami appreciation of the Rupee against the US Dollar. The Commercial Bank Group, its subsidiaries and associate companies, has reported satisfactory growth […]
Backdoor Move
Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days ago, they say was shoved through the backdoor.Ceylon Electricity Board unions staged a walkout on Friday protesting against a Cabinet paper passed two days ago, they say was shoved through the backdoor. The Cabinet on Wednesday evening passed […]
Ball Game
Laugfs Gas is seeking legal advice to raise prices on a cylinder of LPG, despite the consumer watchdog shooting down its request for a Rs. 110 increase. Laugfs Gas is seeking legal advice to raise prices on a cylinder of LPG, despite the consumer watchdog shooting down its request for a Rs. 110 increase. The […]
Bells are Ringing
Lanka Bell commercially rolled out its CDMA network in Gampaha Thursday, ahead of a July deadline set by the Telecom Ministry.Lanka Bell commercially rolled out its CDMA network in Gampaha Thursday, ahead of a July deadline set by the Telecom Ministry. Lanka Bell Deputy Managing Director Suren Guenewardene told LBO that the wireless operator had […]
Long Distance
Sri Lanka Telecom will go regional to diversify its revenue base, selling its advanced technology capabilities to less tech savvy firms in Asia.Sri Lanka Telecom will go regional to diversify its revenue base, selling its advanced technology capabilities to less tech savvy firms in Asia. SLT says it is scouting for new business in the […]