Category: Industry
Oil Pains
COLOMBO (Dow Jones)–As Sri Lanka’s energy companies wilt under the weight of high oil prices, pressure is building on the government to remove gasoline subsidies and reform inefficient state enterprises.COLOMBO (Dow Jones)–As Sri Lanka’s energy companies wilt under the weight of high oil prices, pressure is building on the government to remove gasoline subsidies and […]
Sign Board
US based Zone24X7, has set up base here to tap the brain pool of local technocrats with a mind for innovation and new product development.US based Zone24X7, has set up base here to tap the brain pool of local technocrats with a mind for innovation and new product development. One of the display units that […]
About to Blow
Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility.Ceylon Electricity Board unions (CEB) will go on a half day token strike tomorrow, protesting against a Cabinet paper to restructure the loss making utility. The Government is to take up […]
Silicone Valley
A woman holds up silicone implants used to enhance breast size Well endowed Sri Lankan women rarely go the silicone way to grow their bust size. But new implants on the market have just opened all options for women wanting to pad up the front line. Sri Lanka has just nine plastic surgeons to […]
Get Cracking
SYDNEY, May 3 (AFP) – Hundreds of containers holding supplies for tsunami victims are stranded on a wharf in Sri Lanka because customs officers are demanding extra taxes and storage fees, according to angry Australian charity workers.SYDNEY, May 3 (AFP) – Hundreds of containers holding supplies for tsunami victims are stranded on a wharf in […]
Smoothing the Way
The Multilateral Investment Guarantee Agency (MIGA) – international insurer against non-commercial risk, in the World Bank group – to set up a trust fund to encourage private investment in Sri Lanka.The Multilateral Investment Guarantee Agency (MIGA) – international insurer against non-commercial risk, in the World Bank group – to set up a trust fund to […]
With Love
India offered a three-year debt moratorium to Sri Lanka during a review of their bilateral relations at high-level official talks here, the two sides said in a joint statement Tuesday.India offered a three-year debt moratorium to Sri Lanka during a review of their bilateral relations at high-level official talks here, the two sides said in […]
Petropolitics
Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Government subsidized petroleum based products by up to Rs. 16 billion last year and face a similar subsidy this year if fuel prices continue at current levels Central […]
Joint Pain Persists
Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) say their tsunami reconstruction aid cannot be channeled through a trust fund controlled by the LTTE.Asian Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) say their tsunami reconstruction aid cannot be channeled through a trust fund controlled by the LTTE. […]
On Hold
The ICT Agency has moved for further time to file its objections to an Appeal Court injunction taken out by the seven network operators. The ICT Agency has moved for further time to file its objections to an Appeal Court injunction taken out by the seven network operators. The court has allowed till May 13 […]
Tweaking Terms
Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco’s Sapugaskande refinery.Sri Lanka plans to change the terms of controversial petroleum asset sale deal, mandating a third player to secure fuel supplies from state-run Ceypetco’s Sapugaskande refinery. “The government has given […]
Nordic Goodwil
Norway has allocated Rs. 1.7 billion towards Sri Lanka’s post tsunami relief work, the Royal Norwegian Embassy said Thursday.Norway has allocated Rs. 1.7 billion towards Sri Lanka’s post tsunami relief work, the Royal Norwegian Embassy said Thursday. About Rs. 906 million of the funds, will be earmarked for humanitarian relief to provide temporary shelter, water […]