Category: Industry
More Please
Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years.Treasury Secretary Dr. P B Jayasundera Thursday said Sri Lanka was expecting some US$ 1.5 billion annually in donor commitments over the next three to five years. The international […]
Pipe Dream?
The government of Sri Lanka, whose roads are among the world’s most dangerous, said it would crack down on rash driving after the island’s worst train-bus collision killed 35 people.The government of Sri Lanka, whose roads are among the world’s most dangerous, said it would crack down on rash driving after the island’s worst train-bus […]
Bucking the trend
Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through its Dubai hub, heavy investment in its fleet and a non-union workforce.Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through […]
Fair Game
The EDB is putting together a set of procedures and criteria for ethical labeling, with plans to later set up an independent standards body.The EDB is putting together a set of procedures and criteria for ethical labeling, with plans to later set up an independent standards body. Export Development Board Chief Rohantha Athukorala said Sri […]
Exchange Issue
The Exchange Control Department of the Central Bank of Sri Lanka, has cautioned the public not to buy foreign exchange from moneychangers, a type of dealer who is only authorised to buy foreign exchange from the public. The Exchange Control Department of the Central Bank of Sri Lanka, has cautioned the public not to buy […]
Kangaroo Help
Sri Lanka has received Rs. 230 million (A$ 3 million) from the Australian government to resettle refugees returning from India, officials said Tuesday.Sri Lanka has received Rs. 230 million (A$ 3 million) from the Australian government to resettle refugees returning from India, officials said Tuesday. Channeled through the International Organisation for Migration (IOM), the funds […]
Some of coral reefs battered, others untouched by tsunami
The tsunamis which smashed into Sri Lanka in December last year battered some of the island’s famed coral reefs to bits but left others untouched, environmentalists say.The tsunamis which smashed into Sri Lanka in December last year battered some of the island’s famed coral reefs to bits but left others untouched, environmentalists say. Based on […]
Test Pilot
The ICT Agency has put is current set of 16 pilot projects under review, with some completed and others needing to be scaled up.The ICT Agency has put is current set of 16 pilot projects under review, with some completed and others needing to be scaled up. The Ernest and Young review, due for completion […]
eSavings
Tech savvy Senkadagala Finance is coming out with savings products linked purely to teller machines, to mobilise low cost funds. Tech savvy Senkadagala Finance is coming out with savings products linked purely to teller machines, to mobilise low cost funds. The BBB+ (sri) rated company also plans to raise Rs. 250 million shortly through a […]
Flying Goods
National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday.National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday. The airline which is 40 percent owned by Dubai’s Emirates Airlines, presently operates regular freighter services […]
Electrical Wiz
Ceylinco’s pollution free car – the Reva selling at over Rs.1.2 mn has so far received some 20 confirmed orders.Ceylinco’s pollution free car – the Reva selling at over Rs. 1.2 mn has so far received some 20 confirmed orders. The Indian made electric car was commercially launched Monday, targeted at environment minded Sri Lankan’s […]
New Plan
Sri Lanka has been urged to devise a new Poverty Reduction Strategy (PRS) with the World Bank following the donor meeting in May.Sri Lanka has been urged to devise a new Poverty Reduction Strategy (PRS) with the World Bank following the donor meeting in May. Crucial to this would be working out a joint mechanism […]